Report with market evolution powered by AI—The global artificial intelligence (AI) chips market size is estimated to grow by USD 902.6 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 81.2% during the forecast period. Increased focus on developing AI chips for smartphones is driving market growth, with a trend towards convergence of AI and IoT. However, dearth of technically skilled workers for ai chips development poses a challenge. Key market players include Advanced Micro Devices Inc., Baidu Inc., Broadcom Inc., Cerebras, Fujitsu Ltd., Google LLC, Graphcore Ltd., Huawei Technologies Co. Ltd., Intel Corp., International Business Machines Corp., MediaTek Inc., Microchip Technology Inc., NVIDIA Corp., NXP Semiconductors NV, Qualcomm Inc., SambaNova Systems Inc., Samsung Electronics Co. Ltd., SenseTime Group Inc., Taiwan Semiconductor Manufacturing Co. Ltd., and Tesla Inc.

Report on how AI is redefining market landscape - The global NAND flash market size is estimated to grow by USD 26.4 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 6.5% during the forecast period. Growing investments in fabrication facilities is driving market growth, with a trend towards rise in number of strategic partnerships and acquisitions. However, fluctuations in demand and supply poses a challenge. Key market players include ADATA Technology Co. Ltd., Berkshire Hathaway Inc., Flexxon Pte Ltd., Greenliant Systems, Hyperstone GmbH, Infineon Technologies AG, Innodisk Corp., Kingston Technology Co. Inc., Kioxia Corp., Macronix International Co. Ltd., Micron Technology Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Semiconductor Manufacturing International Corp., Shenzhen Longsys Electronics Co. Ltd., Silicon Motion Technology Corp., SK hynix Co. Ltd., Toshiba Corp., Transcend Information Inc., and UDISYS Ltd.

Technavio has been monitoring the solid-state drive (SSD) market, and it is expected to grow by USD 74,553.83 million from 2022 to 2027. The market will progress at a CAGR of 23.87% during the forecast period. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. The increasing emergence of 3D NAND is an emerging trend in the SSD market. The architecture of NAND flash devices is one-dimensional. Increasing the density allows more data to be stored, thus expanding the capacity of SSD.

Moreover, 3D NAND drives are gaining significant traction in IoT devices and autonomous vehicles. Hence, the development of storage devices has increased significantly. For instance, in July 2018, Toshiba Memory developed a prototype sample of the 96-layer BiCS FLASH, its proprietary 3D flash memory. Additionally, due to the high growth potential of the 3D NAND market, leading vendors are increasingly investing in the development of 3D NAND fab facilities. Download the Latest Sample Report here.