Global AI chip revenue to grow 33% by 2024, Gartner predicts,Industry News

Global AI chip revenue to grow 33% by 2024, Gartner predicts

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Author : Calycomponents
Update time : 2024-06-26 14:03:34
Gartner's latest forecast predicts that total worldwide artificial intelligence (AI) semiconductor revenues are expected to reach $71 billion in 2024, a 33% increase from 2023.
Alan Priestley, research vice president at Gartner, said, "Generative AI is now driving demand for high-performance AI chips in data centers. The total value of AI gas pedals used in servers will reach $21 billion in 2024, rising to $33 billion by 2028."
                                                                 
Gartner predicts that AI PCs will account for 22 percent of total PC shipments by 2024; by the end of 2026, AI PCs will account for 100 percent of enterprise PC purchases.Neural Processing Units (NPUs) in AI PCs are able to extend their runtime, reduce operational noise and temperature, and run AI tasks continuously in the background. This opens up new possibilities for the use of AI in everyday activities.
Gartner believes that AI chip revenues from computing electronics will account for a record share of the electronic devices segment. in 2024, AI chip revenues from computing electronics are expected to reach $33.4 billion, or 47% of total AI semiconductor revenues; AI chip revenues from automotive electronics and consumer electronics are expected to reach $7.1 billion and $1.8 AI chip revenue from automotive electronics and consumer electronics is expected to reach $7.1 billion and $1.8 billion respectively.