Deep Learning Chips Market to grow by USD 16.52 billion from 2022 to 2027
The "deep learning chips market by technology (system-on-chip,
system-in-package, multi-chip module, and others), end-user (BFSI, IT and
telecom, media and advertising, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report
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The potential growth difference for the deep learning chips market from
2022 to 2027 is USD 16.52 billion. The rise in the
adoption of deep learning chips in autonomous vehicles is the key factor
driving market growth. Rapid development and investment in developing
deep learning chip technology for autonomous driving vehicles are key drivers
of the market for deep learning chips. Hence, these factors are expected to
drive market growth during the forecast period.
Market Challenge
The high cost of manufacturing deep learning
chips is a significant challenge impeding the market growth. Due to several
factors, like the need for specific materials and processes, it is relatively
costly to make neural network chips. The complexity of the design, as well as
an increased demand for accuracy and precision during manufacture, are also
factors that lead to costs. In addition, the use of advanced materials, like
gallium nitrideGan and silicon carbideSiC89 which are used to decrease power
consumption and increase performance is a major reason for the higher
costs.
The deep learning chips market has been segmented by technology
(system-on-chip, system-in-package, multi-chip module, and others), end-user
(BFSI, IT and telecom, media and advertising, and others), and geography (North
America, Europe, APAC, South America, and Middle East and Africa).
- The
market share growth by the system-on-chip segment will be
significant during the forecast period. To perform complex computing
tasks, SoCs have gained increasing popularity because of their
flexibility, power, and efficiency. SoC is a highly integrated chip
combining all the necessary components of a computer or other electronic
system onto a single silicon chip to perform essential functions, such as
processing and communication.
- North
America is
estimated to contribute 35% to the growth of the
global market during the forecast period.
Key Companies in the deep learning chips market:
Achronix Semiconductor Corp., Advanced Micro Devices Inc., Alphabet
Inc., Amazon.com Inc., Cerebras Systems Inc., China Cambrian Technology Co.
Ltd., Flex Logix Technologies Inc., Fujitsu Ltd., Graphcore Ltd., Groq Inc.,
Intel Corp., International Business Machines Corp., MediaTek Inc., NVIDIA
Corp., Qualcomm Inc., Samsung Electronics Co. Ltd., Synopsys Inc., Syntiant
Corp., Taiwan Semiconductor Manufacturing Co. Ltd., and ThinkForce
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