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The North America Machine Learning Chip Market Size is poised to grow at a market growth of 7.6% CAGR during the forecast period (2016-2022).
Machine learning chip is a kind of multiprocessor system which enables the machines to gain human-like intelligence without the need of explicit programming. With the human-like intelligence, the chips are endowed with features such as learning, reasoning, and self-correction. Additionally, machine learning algorithms also use the feedback data to identify the patterns in the new data and accordingly adjust program actions. The machine learning chips facilitate continuous development of computing through exposure to new scenarios, testing, and adaptation. With advancements in the technology, the machine learning chips would have a transformative effect on consumer products, defense applications, and others. Machine learning is a vital element in extracting meaningful data from the mammoth data inputs collected every day. Numerous industries, such as robotics, healthcare, automotive, and consumer electronics have explored the possibilities of the machine learning chip and implemented the technology to enable features such as learning, reasoning, and self-correction. Innovative chips for applications in healthcare and electronic appliances have been the focus of the major market players, to improve efficiency. Neuromorphic chip, which are used for gaming, driverless vehicles, drones and air transport, security & cyber security, speech and image recognition, stimulate the growth of the machine learning chip market.
The North America machine learning chip market is segmented based on type, application, and country. Based on type, the market is segmented into GPU chip, neuromorphic chip, flash based chip, and FPGA chip. Based on the applications the market is segmented into consumer electronics, automotive, healthcare, robotics, and others. Based on country, Machine Learning Chip market is segmented into US, Canada, Mexico and Rest of North America. US remained the dominant country in the North America Machine Learning Chip market in 2015. Canada would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the Machine Learning Chip market.
Key companies profiled in the report include Wave Computing, Graphcore Ltd., Google Inc, Intel Corporation, IBM Corporation, Nvidia Corporation, Qualcomm Inc., and Taiwan Semiconductor Manufacturing Company Ltd.