Rapid growth to $71 billion!
🟦AI semiconductor market to grow 33% year-on-year in 2024
The AI semiconductor market in 2024 is expected to reach $ 71 billion (about 11 trillion yen), an increase of 33% from the previous year. The AI semiconductor market is projected to grow at a CAGR of 22.5% from 2023 to 2028, with 2024 expected to be the largest growth rate. The growth is driven by the demand for generative AI, AI-powered devices, and in-vehicle AI.
🟦Widespread Use of AI-Powered PCs to Drive the Market
Among them, generative AI is stimulating the demand for high-performance AI chips in data centers. AI PC shipments with NPUs (Neural Processing Units) are expected to reach 22% of all PC shipments in 2024. Moreover, it is predicted that by the end of 2026, all enterprise PCs will be AI PCs.
Key AI Semiconductor Markets in 2024
- Computing: $33.4 billion (47%)
- Automotive AI: $7.1 billion (10%)
- Consumer AI: $1.8 billion (3%)
🟦Summary
The AI semiconductor market is projected to grow at a CAGR of 22.5% from 2023 to 2028. In particular, the penetration of AI-powered PCs is expected to drive the market, with 100% of enterprise PCs projected to be AI PCs by the end of 2026.
The total semiconductor market size is about $500 billion. With $37 billion in AI semiconductors, a little more than 10% is accounted for by AI semiconductors.
