Monday, August 12, 2024

AI to Boost ASIC and FGPA Sales

As artificial intelligence is driving demand for data center capacity, connectivity and graphics processor units, so AI should increase demand for Application-Specific Integrated Circuits (ASICs) and Field-Programmable Gate Arrays (FPGAs). 


Perhaps the only question is what the rate of growth might be. 


According to MarketsandMarkets, the global AI chip market is expected to grow from $7.6 billion in 2020 to $57.8 billion by 2026, at a compound annual growth rate (CAGR) of 40 percent. 


Study Title

Publication Date

Publisher

ASIC Market Growth (CAGR)

Artificial Intelligence Chip Market - Trends, Forecast and Competitive Analysis

May 2024

Mordor Intelligence

32.50%

The Future of AI Processors: A Comparative Analysis of ASICs, FPGAs, and Neuromorphic Computing

March 2024

McKinsey & Company Report

35.8% (High Performance)

AI Hardware Market: 2024-2029

July 2024

Grand View Research

31.20%

The Rise of Domain-Specific Architectures for AI Workloads

June 2024

Gartner Research Report

38.1% (Forecast to 2027)

How AI is Transforming the Semiconductor Industry

February 2024

Deloitte Insights Report

34.70%

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