Deep Learning Chipset Market by Type (Central Processing Units, Graphics Processing Units, Field Programming Gate Arrays, ASICs)
Industry: Semiconductor Electronics
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 250
Report ID: PMRREP33373
The Global Deep Learning Chipset Market would expand at a CAGR of 27.9% from 2022 to 2032. It is likely to cross a valuation of US$ 72.8 billion by 2032. A valuation of US$ 6.2 billion was anticipated for the market in 2022.
Use of artificial intelligence in numerous industrial sectors and the advent of quantum mechanics would drive demand. The market is expanding as a result of expansion of the global gaming sector.
It has caused a switch from graphics processors and central processors for the simultaneous performance of numerous difficult tasks. Launch of smart city initiatives and construction of smart buildings in corporate organizations are also promoting market expansion. Demand for smart homes and growing amount of computer vision applications are driving the market's expansion.
One of the other reasons contributing to a favorable outlook for the market include rise of the internet-of-things (IoT). Increased development of human-like robots to eliminate human interference and errors would further augment deep learning chipset sales.
The technology is becoming immensely popular owing to emergence of powerful computers and improvements in data center capabilities. Today’s modern computers can do jobs without requiring human input. Deep learning service providers are expanding due to the quick uptake of cloud-based technology across numerous sectors.
Deep learning algorithms are more effective than humans at a number of repetitive and routine tasks. It can also provide extra features such as crucial insights and a guarantee for caliber of the work.
Consequently, applying deep learning within firms could save both money and time. It would eventually save the staff to perform creative jobs that demand human input. Deep learning is hence viewed as a disruptive technology across various sectors, which will drive demand.
Recent advancements in the design of neural networks and introduction of unique training methods have all contributed to deep learning technology demand. Accessibility of a sizable amount of data from numerous industries would also spur demand.
A significant amount of data was produced as a result of ongoing deployment of industrial automation. It also includes the internet of things, machine vision technology, robotics, and cybersecurity applications. This information can be used as a training set for algorithms based on deep learning, which would further aid in diagnosis and testing.
| Attributes | Key Insights |
|---|---|
| Deep Learning Chipset Market Estimated Size (2022E) | US$ 6.2 billion |
| Projected Market Valuation (2032F) | US$ 72.8 billion |
| Value-based CAGR (2022 to 2032) | 27.9% |
| USA Value-based CAGR (2022 to 2032) | 26.5% |
As per Persistence Market Research (PMR), deep learning chipset sales would expand at a CAGR of 27.9% from 2022 to 2032. It exhibited growth at a CAGR of 34.1% in the historical period.
The consolidated data environment is produced by deep learning algorithms. It would gain knowledge from prior experiences. The results will be more accurate, and hence the information will be maintained consistently.
Deep learning is used in chatbots, service bots, and machine translation. Without the aid of a sizable database, a developed deep neural network can translate a sentence or a word. Deep neural networks can outperform traditional machine translation methods in terms of accuracy and quality, which enhances system performance.
Service bots and chatbots can utilize deep learning algorithms to enhance customer support and lessen the workload on contact centers. Automated speech recognition and natural language processing are two key applications of the deep learning platform.
These are extensively used by chatbots to automatically transfer calls. In accordance with a 2018-poll conducted by Oracle Corporation, around 80% of firms worldwide are presently utilizing chatbots.
North America deep learning chipset market size was US$ 19.2 billion in 2021. It stood at a valuation of US$ 25.7 billion in 2022.
It is projected that North America will surpass around US$ 30.0 billion in 2032. The region is likely to witness growth at a CAGR of 41.3% in the assessment period. It showcased a CAGR of 30% to 42% from 2017 to 2021.
A predominant factor driving growth in North America is rising implementation of deep learning in cloud computing across several industries. Along with cloud computing, there is also a surging popularity of smart home appliances in the region. These often make use of deep learning chips.
Number of smart homes in the region is projected to reach around 112 million by 2022. This high popularity of deep learning in smart home appliances would expand the market in the region.
Why is Deep Learning Chipset Demand Surging in the United States of America?
The United States of America deep learning chipset market size is expected to be worth US$ 23.5 billion by 2032. It would create an absolute dollar opportunity of US$ 21.2 billion in the forecast period.
The United States of America market witnessed growth at a CAGR of 32.2% from 2017 to 2021. It is set to expand at a CAGR of 26.5% from 2022 to 2032.
The United States of America is projected to expand owing to increasing investments in artificial intelligence by various companies. Deep learning chips that are predominantly used in smart home appliances would also witness significant demand during the assessment period.
According to a survey, around 40 million households in the United States of America owned smart home appliances such as smart speakers and smart bulbs in 2019. In 2025, about 64 million households will be using smart home devices. This surging popularity of smart home devices in the country would help expand the market.
Would the United Kingdom Adopt Deep Learning Technology by 2032?
The United Kingdom deep learning chipset market is likely to be worth US$ 3.7 billion by 2032. It would create an absolute dollar opportunity of US$ 3.3 billion in the evaluation period.
The United Kingdom showcased steady growth at a CAGR of 32.6% from 2017 to 2021. It is expected to expand at a CAGR of 26.9% from 2022 to 2032.
The United Kingdom has a significant market for smart home appliances. There were around 2.2 million households with smart home appliances installed in 2018. It is estimated that the number of households with smart home appliances will reach around 29 million by 2027. This increasing smart home appliance purchasing practice would help support the market by 2032.
How are Deep Learning Model Manufacturers Faring in China?
China deep learning chipset market is expected to be worth US$ 6.1 billion by 2032. It would create an incremental opportunity of US$ 5.6 billion in the assessment period.
The China market witnessed growth at a CAGR of 36.0% from 2017 to 2021. It is expected to flourish at a CAGR of 29.0% from 2022 to 2032.
There were around 78 million homes with smart appliances in China in 2021. The number of homes with smart home appliances is projected to rise to about 169 million by 2027.
Surging demand is due to rising popularity of smart home devices and increasing disposable income of the population. Due to rising demand for smart home devices in China, the market for deep learning chipsets would expand during the evaluation period.
Would South Korea be a Popular Deep Learning Chipset Manufacturing Hub?
South Korea deep learning chipset industry is expected to be worth US$ 2.9 billion by 2032. It would create an absolute dollar growth of US$ 2.6 billion in the forecast period.
The market in South Korea showcased growth at a CAGR of 35.0% from 2017 to 2021. It is likely to elevate at a CAGR of 28.3% from 2022 to 2032.
The number of households with smart appliances is projected to reach around 22 million in South Korea by 2027. Rising demand is due to growing inclination toward smart homes by millennial consumers in the country. This rise in terms of demand for smart home appliances will further push deep learning chipset sales in South Korea.
Which is the Highly Preferred Type of Deep Learning Chipsets Worldwide?
The graphics processing units segment by type is projected to witness significant growth by 2032. as It witnessed growth at a CAGR of 33.6% from 2017 to 2021. It is expected to surge at a CAGR of 27.7% from 2022 to 2032.
Graphics processing unit (GPU) is a logic chip that is used for rendering images, animation, and videos. It is also used for general computing purposes.
Recent advancements and emergence of high-performance computing, blockchain, & cryptocurrency mining are expanding demand for graphics processing units across the globe. Graphics processing units are also used in high-end personal computers and gaming consoles. Expansion of the gaming industry and increasing demand for personal computers are projected to fuel demand.
Which is the Leading Application of Deep Learning Chipsets across the Globe?
Based on application, the system-on-chip (SOC) segment would lead the global market in the next ten years. The segment witnessed a CAGR of 33.1% from 2017 to 2021. It is likely to showcase growth at 27.5% CAGR from 2022 to 2032.
System on chip (SOC) is an integrated circuit that usually takes a single platform and integrates an entire computer system onto it. Rising need for smart and power-efficient electronic devices would positively affect sales of systems on chips. Increasing adoption of the internet of things would also push sales worldwide
Key companies operating in the deep learning chipset industry are focusing on providing extensive flagship offerings. A few leading players are delivering consistent client experience across numerous industries. The market will witness various mergers & acquisitions, as well as product launches in the next ten years.
A few recent developments in the deep learning chipset market are:
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 6.2 billion |
| Projected Market Valuation (2032) | US$ 72.8 billion |
| Value-based CAGR (2022 to 2032) | 27.9% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ billion) |
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The global deep learning chipset industry was worth US$ 4.7 billion in 2021.
The global deep learning chipset industry reached a valuation of US$ 6.2 billion in 2022.
The global deep learning chipset industry is likely to be valued at US$ 72.8 billion by 2032.
The global deep learning chipset industry exhibited a CAGR of 34.1% over the last 4 years.
The global deep learning chipset industry is anticipated to witness a CAGR of 27.9% from 2022 to 2032.
The graphics processing units segment by type would garner a significant value share by 2022.
Japan deep learning chipset industry would be valued at US$ 5.2 billion by 2032 and expand at 27.2% CAGR in the assessment period.
