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Ai Computing Hardware Market Size, Share, Industry Trends and Forecast to 2030

Ai Computing Hardware Market Research Report – Segmented By Region (North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America) – Analysis on Size, Share, Trends, COVID-19 Impact, Competitive Analysis, Growth Opportunities and Key Insights from 2019 to 2030.


  • Published date -30th Jan 2024

  • Formats -PDF, CSV

  • Region -Global

Ai Computing Hardware Market Size & CAGR in 2021

The global Ai Computing Hardware market size in 2021 was valued at USD 10.42 billion. The market is expected to grow at a CAGR of 25.6% from 2021 to 2026, reaching a projected size of USD 49.36 billion by the end of 2026. The increasing adoption of artificial intelligence (AI) technologies across various industries, such as healthcare, automotive, and finance, is driving the growth of the Ai Computing Hardware market.

COVID-19 Impact on the Ai Computing Hardware Market

The COVID-19 pandemic had a mixed impact on the Ai Computing Hardware market. On one hand, the implementation of remote working and learning led to an increased demand for AI-powered devices and solutions, driving market growth. However, supply chain disruptions and manufacturing delays affected the production and distribution of Ai Computing Hardware components, impacting market growth negatively.

Ai Computing Hardware Dynamics

The Ai Computing Hardware market is characterized by rapid technological advancements and increasing investments in AI technologies. Companies are focusing on developing more efficient and powerful hardware solutions to support AI applications. Additionally, the integration of AI capabilities in consumer electronics, autonomous vehicles, and smart devices is fueling market growth.

Segments and Related Analysis

Hardware Type:

  • AI Processors
  • GPU
  • FPGA
  • ASIC

Application:

  • Deep Learning
  • Computer Vision
  • Natural Language Processing
  • Speech Recognition

By Region Analysis

North America

The North American Ai Computing Hardware market accounted for the largest share in 2021, driven by the presence of key players and a high adoption rate of AI technologies in the region. The United States leads the market in North America, followed by Canada.

Europe

The Ai Computing Hardware market in Europe is expected to witness significant growth during the forecast period. The increasing investments in AI research and development by European countries and the adoption of AI technologies in healthcare and automotive sectors are driving market growth.

Asia Pacific

Asia Pacific is projected to be the fastest-growing region in the global Ai Computing Hardware market. The rapid digitalization, emerging AI startups, and government initiatives to promote AI adoption are contributing to the market growth in countries like China, Japan, and India.

Key Market Players and Competitive Landscape

Some of the key players in the Ai Computing Hardware market include NVIDIA Corporation, Intel Corporation, IBM Corporation, Qualcomm Technologies, Inc., and Advanced Micro Devices, Inc. These companies are investing in research and development to introduce advanced AI hardware solutions and maintain their competitive positions in the market.

Recent Happenings in the Ai Computing Hardware Market

- In September 2021, NVIDIA announced the launch of its latest AI computing platform, NVIDIA DGX A100, designed to accelerate AI workloads in data centers.

- In October 2021, Intel unveiled its new line of AI processors, Intel Nervana, to enhance AI performance and efficiency in data centers and edge devices.

- In December 2021, IBM introduced its AI-specific hardware, IBM Power10, to deliver faster and more efficient AI processing capabilities for enterprise applications.

- In January 2022, Qualcomm Technologies launched its AI-powered Snapdragon 8 Gen 2 platform, offering improved AI performance for mobile devices and smart appliances.

- In March 2022, Advanced Micro Devices announced the release of its new AI-centric graphics card, AMD Radeon RX 7000 series, targeting AI developers and researchers.

Frequently Asked Questions (FAQ):