The Machine Learning Chip Market is Predict to reach USD 45.0 Billion by 2031, at a CAGR of 22.0%

Machine Learning Chip Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Machine Learning Chip Market size is expected to reach $45.0 billion by 2031, rising at a market growth of 22.0% CAGR during the forecast period.

The System-on-Chip (SoC) segment is experiencing a CAGR of 21.3 % during the forecast period. SoCs integrate multiple components, including processors, memory, and I/O functions, onto a single chip. This integration leads to improved efficiency, lower power consumption, and a smaller footprint, which are essential for performing ML applications across various industries such as consumer electronics, automotive, and data centers.

The GPU Chip segment led the maximum revenue in the Global Machine Learning Chip Market by Chip Type in 2023, thereby, achieving a market value of $11.2 billion by 2031. . Graphics Processing Units (GPUs) are highly specialized for parallel processing. They are particularly well-suited for the large-scale computational needs of ML algorithms, especially in deep learning and neural network applications. GPUs handle the intensive matrix and vector operations required by ML models, providing a significant performance boost compared to CPUs in many tasks.

The IT & Telecom segment is growing at a CAGR of 20.6 % during the forecast period. This sector has been a major driver of demand for machine learning chips due to the increasing reliance on data analytics, network optimization, and automation in telecommunications and IT infrastructure. ML chips are crucial in improving network performance, enhancing security through anomaly detection, and enabling faster data processing for cloud computing services.

Full Report: https://www.kbvresearch.com/machine-learning-chip-market/

The North America region dominated the Global Machine Learning Chip Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $16.1 billion by 2031. The Europe region is anticipated to grow at a CAGR of 21.6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 22.7% during (2024 - 2031).

List of Key Companies Profiled

• Advanced Micro Devices Inc.
• Samsung Electronics Co., Ltd. (Samsung Group)
• NXP Semiconductors N.V.
• Qualcomm Incorporated (Qualcomm Technologies, Inc.)
• NVIDIA Corporation
• Intel Corporation
• Infineon Technologies AG
• IBM Corporation
• Amazon Web Services, Inc. (Amazon.com, Inc.)
• Cerebras Systems Inc.

Machine Learning Chip Market Report Segmentation

By Technology

• System-on-Chip (SoC)
• System-in-Package
• Multi-chip Module
• Other Technology

By Chip Type

• GPU Chip
• ASIC Chip
• CPU Chip
• FPGA Chip
• Flash-Based Chip
• Neuromorphic Chip
• Others

By Industry Vertical

• IT & Telecom
• Consumer Electronics
• BFSI
• Retail
• Automotive
• Healthcare
• Media & Advertising
• Robotics Industry
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Related Reports:

North America Machine Learning Chip Market Size | Share 2031

• December-2024
• 144 Pages

LAMEA Machine Learning Chip Market Size | Trend Report 2031

• December-2024
• 156 Pages

Europe Machine Learning Chip Market Size & Forecast | 2031

• December-2024
• 157 Pages

Asia Pacific Machine Learning Chip Market Size | Share 2031

• December-2024
• 159 Pages