AI SoC Market Trends and Forecast
The future of the global AI SoC market looks promising with opportunities in the security, automotive electronic, smart home, and consumer electronic markets. The global AI SoC market is expected to grow with a CAGR of 8.4% from 2024 to 2030. The major drivers for this market are rising demand for ai processing at the edge, growing use of AI in smartphones & smart home devices, and increasing need for high-performance, energy-efficient ai solutions.
• Lucintel forecasts that single-core CPU SoC is expected to witness higher growth over the forecast period.
• Within this market, security is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI SoC Market
• United States: Apple announced the M1 chip, an AI-optimized SoC, to enhance performance in Mac devices. This initiative underscores AppleÄX%$%Xs commitment to integrating AI capabilities into its hardware ecosystem.
• China: Huawei launched the Ascend series AI SoCs to power its AI computing platform. The Chinese government supports these efforts to reduce reliance on foreign technology and bolster domestic AI capabilities.
• South Korea: Samsung Electronics introduced the Exynos 2100 AI SoC, aimed at improving AI performance in mobile devices. The initiative aligns with South KoreaÄX%$%Xs national strategy to lead in AI and semiconductor technology.
• Japan: Sony developed the AITRIOS edge AI platform with dedicated AI SoCs to enhance real-time processing capabilities in smart cameras. This move supports JapanÄX%$%Xs focus on advancing AI-driven innovations in various industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI SoC Market by Segment
The study includes a forecast for the global AI SoC market by type, application, and region.
AI SoC Market by Type [Value from 2018 to 2030]:
• Single-core CPU SoC
• Dual-core CPU SoC
AI SoC Market by Application [Value from 2018 to 2030]:
• Security
• Automotive Electronics
• Smart Home
• Consumer Electronics
• Others
AI SoC Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI SoC Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI SoC companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI SoC companies profiled in this report include-
• Kneron
• Hisilicon
• Rockchip Electronics
• Aispeech
• WuQi Micro
• Eeasy Tech
• SENSLAB
• Shanghai Fullhan Microelectronics
• Ingenic Semiconductor
• Shanghai Artosyn
Recent Development in the AI SoC Market
• Apple: Apple introduced the M1 and M1 Pro chips, which are designed with advanced AI capabilities for their MacBook and iPad devices. These chips integrate the Neural Engine, enhancing machine learning tasks and improving overall system performance, marking a significant shift to in-house SoC design for optimized AI processing.
• Qualcomm: Qualcomm announced the Snapdragon 8 Gen 1 SoC, which includes an upgraded AI Engine to support complex AI tasks in mobile devices. This initiative aims to enhance the AI capabilities of smartphones, including improved camera functionalities, voice recognition, and gaming experiences.
• NVIDIA: NVIDIA unveiled the Orin SoC, designed specifically for autonomous machines and robots. This AI SoC offers high-performance computing power, supporting advanced AI applications in autonomous vehicles, robotics, and medical devices, reflecting NVIDIAÄX%$%Xs commitment to leading the AI hardware market.
• Huawei: Huawei launched the Ascend 910 AI processor as part of its AI strategy to support various AI applications in data centers and edge computing. This SoC is part of HuaweiÄX%$%Xs broader goal to develop an AI ecosystem that reduces dependency on foreign technology and strengthens its AI infrastructure.
• Samsung: Samsung introduced the Exynos 2100 AI SoC, which enhances AI capabilities in their Galaxy smartphones. This SoC integrates advanced AI features to support better photo processing, efficient power management, and enhanced user experiences, aligning with SamsungÄX%$%Xs strategy to lead in AI and semiconductor technology.
Features of the Global AI SoC Market
Market Size Estimates: AI SoC market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI SoC market size by type, application, and region in terms of value ($B).
Regional Analysis: AI SoC market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI SoC market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI SoC market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI SoC market?
Answer: The global AI SoC market is expected to grow with a CAGR of 8.4% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI SoC market?
Answer: The major drivers for this market are rising demand for ai processing at the edge, growing use of AI in smartphones & smart home devices, and increasing need for high-performance, energy-efficient ai solutions.
Q3. What are the major segments for AI SoC market?
Answer: The future of the AI SoC market looks promising with opportunities in the security, automotive electronic, smart home, and consumer electronic markets.
Q4. Who are the key AI SoC market companies?
Answer: Some of the key AI SoC companies are as follows:
• Kneron
• Hisilicon
• Rockchip Electronics
• Aispeech
• WuQi Micro
• Eeasy Tech
• SENSLAB
• Shanghai Fullhan Microelectronics
• Ingenic Semiconductor
• Shanghai Artosyn
Q5. Which AI SoC market segment will be the largest in future?
Answer: Lucintel forecasts that single-core CPU SoC is expected to witness higher growth over the forecast period.
Q6. In AI SoC market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI SoC market by type (single-core CPU SoC and dual-core CPU SoC), application (security, automotive electronics, smart home, consumer electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI SoC Market, AI SoC Market Size, AI SoC Market Growth, AI SoC Market Analysis, AI SoC Market Report, AI SoC Market Share, AI SoC Market Trends, AI SoC Market Forecast, AI SoC Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.