The report has been compiled about the growth opportunities and the benefits of this market. A detailed data about its historical statistics, present market trends are mentioned to study the Artificial Intelligence Chips market growth trajectory.
“Global Artificial Intelligence (AI) Chips Market 2017-2021”
This report present the competitive landscape and growth prospects of the global Artificial Intelligence Chips market. The report includes information covering classification, definition, industry chain structure, industry overview, application, policy analysis, and ongoing trends in the market.
This report is presents an in-depth analysis of the primary and secondary research.
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Market research analysts predict that the global artificial intelligence (AI) chips market will grow steadily at an impressive CAGR of more than 54% by 2021. This market research analysis identifies the increasing implementation of AI in robots as one of the primary growth factors for this market.
Robotics consists of creating intelligent robots using AI and pertains to computer-controlled mechanical devices to perform specific tasks that are hazardous or tedious for humans. AI uses qualitative data that helps in fast processing and automatic tagging of shapes with object names.
Additionally, it also eliminates or reduces risks to human life in many applications. This will demand the need for innovative and powerful AI software to develop high-precision capabilities for robots, which will make them free from human control and result in increased productivity.
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The market is experiencing low competition due to the presence of few vendors. The competition in the market will intensify in the coming years due to the entry of new players.
The small vendors face stiff competition from the established companies and chip giants. The intense competition among the vendors in the market will result in product developments in hardware and software.
To consolidate their market shares, the vendors also engage in M&A activities.
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