Summary

The global machine learning chip market size reached US$ 9.7 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 62.1 Billion by 2032, exhibiting a growth rate (CAGR) of 22.4% during 2024-2032. The rapid emergence of quantum computing, increasing demand for efficient systems to solve computational problems, and rising development of smart cities and smart homes represent some of the key factors driving the market.

Machine learning (ML) chip comprises artificial intelligence (AI) technology that that is designed to support deep learning-based applications. It involves various technologies, such as system-on-chip (SoC), multi-chip module, and system-in-package, and its hardware infrastructure includes computing, storing, and networking. It is installed in a system to enhance intellectual property cores and improve design and tool flows. It is cost-effective and assists in preventing errors in a workflow, and efficiently saves a huge amount of data. It offers high speed, increases efficiency, and consumes less energy as compared to larger transistors. Besides this, it aids in improving performance, power, optimization, and analytics. As a result, the ML chip is widely employed in the automotive, healthcare, retail, media and advertising, information technology (IT) and telecommunication, and banking, financial services, and insurance (BFSI) industries across the globe.

Machine Learning Chip Market Trends:
At present, the rising trend of digitalization and expansion of the IT and telecommunication industry around the world represent one of the key factors supporting the growth of the market. In addition, the increasing number of cyber-attacks encourages businesses to utilize database management and fraud detection systems, which is propelling the growth of the market. Apart from this, the rising demand for ML chips due to the development of smart cities and smart homes across the globe is offering lucrative growth opportunities to industry investors. Moreover, the increasing emergence of quantum computing, along with the implementation of ML chips in robotics to reduce human intervention and errors around the world, is positively influencing the market. Besides this, the growing adoption of ML chips on account of the escalating demand for efficient systems to solve mathematical and computational problems is offering a positive market outlook. Additionally, the rising integration of big data analytics and cloud computing to provide enhanced services among numerous industries across the globe is contributing to the growth of the market. This, coupled with the increasing utilization of ML chips for real-time consumer behavior insights, is impelling the growth of the market. Furthermore, the rising preference toward GPUs from CPUs to perform several complex tasks in the gaming industry is strengthening the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global machine learning chip market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technology, chip type and industry vertical.

Technology Insights:

System-on-Chip (SoC)
System-in-Package
Multi-chip Module
Others

The report has provided a detailed breakup and analysis of the machine learning chip market based on the technology. This includes system-on-chip (SoC), system-in-package, multi-chip module, and others. According to the report, system-on-chip (SoC) represented the largest segment.


Chip Type Insights:

GPU
ASIC
FPGA
CPU
Others

A detailed breakup and analysis of the machine learning chip market based on the chip type has also been provided in the report. This includes GPU, ASIC, FPGA, CPU, and others. According to the report, GPU accounted for the largest market share.

Industry Vertical Insights:

BFSI
IT and Telecom
Media and Advertising
Retail
Healthcare
Automotive
Others

A detailed breakup and analysis of the machine learning chip market based on the industry vertical has also been provided in the report. This includes BFSI, IT and telecom, media and advertising, retail, healthcare, automotive, and others. According to the report, BFSI accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America (the United States and Canada) was the largest market for machine learning chip. Some of the factors driving the North America machine learning chip market included the growing concern about security of critical infrastructure, increasing demand for quantum computing, rising utilization in the IT industry, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global machine learning chip market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Advanced Micro Devices Inc., Amazon Web Services Inc. (Amazon.com Inc.), Cerebras Inc., Google LLC, Graphcore, Intel Corporation, International Business Machines Corporation, NVIDIA Corporation, Qualcomm Incorporated, Samsung Electronics Co. Ltd., Taiwan Semiconductor Manufacturing Company Limited., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global machine learning chip market in 2023?
2. What is the expected growth rate of the global machine learning chip market during 2024-2032?
3. What are the key factors driving the global machine learning chip market?
4. What has been the impact of COVID-19 on the global machine learning chip market?
5. What is the breakup of the global machine learning chip market based on the technology?
6. What is the breakup of the global machine learning chip market based on the chip type?
7. What is the breakup of the global machine learning chip market based on the industry vertical?
8. What are the key regions in the global machine learning chip market?
9. Who are the key players/companies in the global machine learning chip market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Machine Learning Chip Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 System-on-Chip (SoC)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 System-in-Package
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Multi-chip Module
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Chip Type
7.1 GPU
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 ASIC
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 FPGA
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 CPU
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Industry Vertical
8.1 BFSI
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 IT and Telecom
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Media and Advertising
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Retail
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Healthcare
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Automotive
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Advanced Micro Devices Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Amazon Web Services Inc. (Amazon.com Inc.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Cerebras Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Google LLC
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5 Graphcore
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Intel Corporation
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 International Business Machines Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 NVIDIA Corporation
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Qualcomm Incorporated
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Samsung Electronics Co. Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Taiwan Semiconductor Manufacturing Company Limited
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
List of Figures
Figure 1: Global: Machine Learning Chip Market: Major Drivers and Challenges
Figure 2: Global: Machine Learning Chip Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Machine Learning Chip Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Machine Learning Chip Market: Breakup by Technology (in %), 2023
Figure 5: Global: Machine Learning Chip Market: Breakup by Chip Type (in %), 2023
Figure 6: Global: Machine Learning Chip Market: Breakup by Industry Vertical (in %), 2023
Figure 7: Global: Machine Learning Chip Market: Breakup by Region (in %), 2023
Figure 8: Global: Machine Learning Chip (System-on-Chip) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Machine Learning Chip (System-on-Chip) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Machine Learning Chip (System-in-Package) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Machine Learning Chip (System-in-Package) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Machine Learning Chip (Multi-chip Module) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Machine Learning Chip (Multi-chip Module) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Machine Learning Chip (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Machine Learning Chip (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Machine Learning Chip (GPU) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Machine Learning Chip (GPU) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Machine Learning Chip (ASIC) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Machine Learning Chip (ASIC) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Machine Learning Chip (FPGA) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Machine Learning Chip (FPGA) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Machine Learning Chip (CPU) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Machine Learning Chip (CPU) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Machine Learning Chip (Other Chip Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Machine Learning Chip (Other Chip Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Machine Learning Chip (BFSI) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Machine Learning Chip (BFSI) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Machine Learning Chip (IT and Telecom) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Machine Learning Chip (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Machine Learning Chip (Media and Advertising) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Machine Learning Chip (Media and Advertising) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Machine Learning Chip (Retail) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Machine Learning Chip (Retail) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Machine Learning Chip (Healthcare) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Machine Learning Chip (Healthcare) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Machine Learning Chip (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Machine Learning Chip (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Machine Learning Chip (Other Industry Verticals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Machine Learning Chip (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: North America: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: North America: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: United States: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: United States: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Canada: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Canada: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Asia-Pacific: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Asia-Pacific: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: China: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: China: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Japan: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Japan: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: India: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: India: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: South Korea: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: South Korea: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Australia: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Australia: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Indonesia: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Indonesia: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Others: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Others: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Europe: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Europe: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Germany: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Germany: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: France: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: France: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: United Kingdom: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: United Kingdom: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Italy: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Italy: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Spain: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Spain: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Russia: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Russia: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Others: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Others: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Latin America: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Latin America: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Brazil: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Brazil: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Mexico: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Mexico: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Others: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Others: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Middle East and Africa: Machine Learning Chip Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Middle East and Africa: Machine Learning Chip Market: Breakup by Country (in %), 2023
Figure 88: Middle East and Africa: Machine Learning Chip Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 89: Global: Machine Learning Chip Industry: SWOT Analysis
Figure 90: Global: Machine Learning Chip Industry: Value Chain Analysis
Figure 91: Global: Machine Learning Chip Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Machine Learning Chip Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Machine Learning Chip Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 3: Global: Machine Learning Chip Market Forecast: Breakup by Chip Type (in Million US$), 2024-2032
Table 4: Global: Machine Learning Chip Market Forecast: Breakup by Industry Vertical (in Million US$), 2024-2032
Table 5: Global: Machine Learning Chip Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Machine Learning Chip Market: Competitive Structure
Table 7: Global: Machine Learning Chip Market: Key Players