Artificial Intelligence (AI) Accelerator, also known as Neural Processing Unit (NPU), is a type of hardware acceleration unit or computing system specifically designed for artificial intelligence applications, aimed at accelerating the application of AI technology algorithms such as artificial neural networks, computer vision, speech recognition, and machine learning. They have the characteristics of high computing speed, low power consumption, high energy efficiency, and optimization for AI applications. ‌

Overview of Market Development

In recent years, with the rapid development of artificial intelligence technology, the popularization of cloud computing and big data technology, policy support and industry promotion, as well as the growing demand in emerging fields, the global AI accelerator market is experiencing significant growth, and the market size is continuously expanding. According to our research data, the global AI accelerator market is expected to reach $30.32 billion in 2024, an increase of 46.45% compared to 2023. It is expected that the market will continue to maintain a rapid growth trend in the coming years. By 2029, the global AI accelerator market size is expected to increase to $151.49 billion. The CAGR from 2024 to 2029 is expected to reach 37.95%.

Segmented market analysis

From the perspective of product types, AI accelerators can be divided into two categories based on their deployment locations: cloud accelerators and terminal accelerators. Among them, cloud accelerators dominate the market, with an estimated market share of 63.56% in 2024.

From the perspective of downstream application patterns, AI accelerators are widely used in multiple fields such as automotive, healthcare, manufacturing, agriculture, cyber security, and government. Among them, the automotive industry is the largest downstream application market, with an estimated application share of 32.92% in 2024.

Source: www.globalmarketmonitor.com

Market Analysis in Major Regions/Countries

From a regional perspective, the global AI accelerator market is concentrated in three major regions: North America, Europe, and Asia Pacific. Among them, the Asia Pacific region is the largest revenue market, accounting for over 45% of the global market share. From a national perspective, Japan is the largest revenue generating country. Data shows that the revenue of Japan's AI accelerator market is expected to reach $9427 Million in 2024, with an estimated market share of 31.09%.

Regions/Countries	Market Revenue (Million USD)	Market Share
North America	7400	24.40%
Europe	5777	19.05%
China	2072	6.83%
Japan	9427	31.09%
India	1703	5.61%
Southeast Asia	873	2.88%
Others	3073	10.13%