China Artificial Intelligence Market Size & Outlook
China artificial intelligence market, 2017-2030 (US$M)
Related Markets
China artificial intelligence market highlights
- The China artificial intelligence market generated a revenue of USD 15,769.3 million in 2023 and is expected to reach USD 206,608.8 million by 2030.
- The China market is expected to grow at a CAGR of 44.4% from 2024 to 2030.
- In terms of segment, software was the largest revenue generating solution in 2023.
- Services is the most lucrative solution segment registering the fastest growth during the forecast period.
Artificial intelligence market data book summary
| Market revenue in 2023 | USD 15,769.3 million |
| Market revenue in 2030 | USD 206,608.8 million |
| Growth rate | 44.4% (CAGR from 2023 to 2030) |
| Largest segment | Software |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Advanced Micro Devices Inc, AiCure, ARM Holdings PLC ADR, Baidu Inc ADR, Alphabet Inc Class A, International Business Machines Corp, Intel Corp, Microsoft Corp, NVIDIA Corp |
Other key industry trends
- In terms of revenue, China accounted for 8.0% of the global artificial intelligence market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China artificial intelligence market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 93,334.3 million by 2030.
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Artificial Intelligence Market Scope
Artificial Intelligence Market Companies
| Name | Profile | # Employees | HQ | Website |
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China artificial intelligence market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to artificial intelligence market will help companies and investors design strategic landscapes.
Software was the largest segment with a revenue share of 35.89% in 2023. Horizon Databook has segmented the China artificial intelligence market based on hardware, software, services covering the revenue growth of each sub-segment from 2017 to 2030.
Chinese tech giants such as Baidu, Alibaba, Tencent, and Huawei are at the forefront of AI innovation and have established their AI research labs to propel advancements in the field. These businesses use AI to create intelligent products and services, improve customer interactions, and accelerate digital transformation across numerous industries.
The artificial intelligence market in China is diverse and covers various applications, such as natural language processing, computer vision, robotics, autonomous vehicles, and virtual assistants. With its substantial population and extensive data resources, China provides a fertile environment for developing and implementing AI technologies.
Artificial intelligence is crucial in China's expansive and dynamic e-commerce sector, revolutionizing customer experiences through personalized product recommendations, optimized pricing strategies, and efficient supply chain management. Additionally, AI-powered chatbots enhance customer service and support, further elevating the shopping journey.
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Horizon Databook provides a detailed overview of country-level data and insights on the China artificial intelligence market , including forecasts for subscribers. This country databook contains high-level insights into China artificial intelligence market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China artificial intelligence market size, by solution, 2017-2030 (US$M)
China Artificial Intelligence Market Outlook Share, 2023 & 2030 (US$M)
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