The momentum shows no signs of slowing any time soon, with the following years bringing just as impressive growth rates
In just five years, the AI chip market has skyrocketed in value, surging over 400% to $92 billion as of this year. And while this triple-digit growth beats even the broader AI industry by nearly threefold, the momentum shows no signs of slowing any time soon, with the following years bringing just as impressive growth rates.
According to data presented by Jemlit.com, AI chips are projected to triple in value and become a $330 billion industry by the end of the decade.
Market Revenue Set to Grow by an Average of $47 Billion a Year
For the past three years, artificial intelligence has been the top technology, driving innovation, setting new standards, and fueling the tech industry’s growth, and AI chips have been at the heart of this change. Giant leaps in machine learning, the rise of cloud computing, and the AI startup boom have driven tech giants like NVIDIA, AMD, and Google to keep improving chip performance, pushing the market to record highs.
This perfect storm of technological advancements and major capital inflows has turned AI chips into one of the fastest-growing segments of the AI space, outpacing even the broader market. According to Statista, the global AI industry has grown by 170% over the past five years, reaching a $254 billion value in 2025. At the same time, revenue in the AI chip space has surged more than threefold, soaring by over 400% to $92 billion. It’s even more impressive that this growth continued despite the market facing several challenges like high demand, limited supply, export restrictions, and AI chip stockpiling, all of which made them more expensive and harder to find. With the market showing impressive resilience, strong capital inflows, and global demand for AI chips still rising, projections for the following years remain highly optimistic.
According to the latest Statista projections, revenue in the AI chip market is expected to surge by 258% over the next five years, reaching more than $330 billion by 2030. This growth is even more impressive when viewed in terms of the average annual increase, with the market projected to add roughly $47 billion in revenue each year. Although the annual growth rate is expected to ease after peaking at 49% in 2024, it will remain in double digits, ranging between 35% and 22% by the end of the decade.
The AI chip volume will also skyrocket in this period, surging by 283% from 66.2 billion units in 2025 to a massive 254 billion in 2030.
China is the Fastest-Growing AI Chip Market, Outpacing the U.S. by 30%
In a global comparison, just five markets, the United States, China, France, Canada, and Germany, generate nearly a third of total AI chip sales. While all five will experience tremendous growth over the next five years, China leads the pack. According to Statista projections, the Chinese market is set to skyrocket 283% over the next five years, reaching $31.1 billion in revenue by 2030. In comparison, that is roughly 30% above the projected growth in the world’s largest AI chip market, the United States, which is set to grow by 252% in this period and hit a $48.6 billion value. France, Canada, and Germany follow with just as impressive 240% growth each and $13 billion, $10.9 billion, and $10.8 billion in revenue, respectively.
