Globalneuromorphic computing market size was US$ XX Mn in 2019 and isexpected to reach US$ XX Mn by 2027, at a CAGR of 86.0% during the forecastperiod.
Global Neuromorphic ComputingMarket
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Global neuromorphic computingmarket Definition
Neuromorphic computing is alsoknown as neuromorphic engineering technology which uses VLSI systems toimplement features of neuro-biological networks that are present in the neuralsystem as digital or analogue copies on electronic circuits.
Global neuromorphic computingmarket Dynamics
Growing technological advancementsin artificial intelligence technology and the increasing popularity of theneural network, machine learning, and deep learning technology is impelling thegrowth of the market. Growing requirements for improved neuromorphic integratedcircuit chips, rising neuromorphic applications in automation, rapid adoptionof neuromorphic computing technology for security purposes, increasing demandof neuromorphic computers, and increased development of cognitive applicationsare expected to improve the growth of the market during the forecast period.
However, lack of awarenessregarding neuromorphic computing and the need for more research and developmentinvestments and activities in the field of neuromorphic engineering is a majorrestraining factor that could hamper the growth of the market.
Global Neuromorphic ComputingMarket: Segmentation Analysis
By application, the imageprocessing segment dominated the market in 2019 and is expected to maintain itsdominance at CAGR of XX% during the forecast period. Increasing adoption ofneuromorphic computing technology in digital cameras and in other imagingdevices is attributed to the growth of the market. The growing adoption ofneuromorphic imaging technology by researchers to manufacture smart visionsensors and the rising adoption of these sensors by various electronics productmanufacturing companies in mobile phones and tablets is driving the growth ofthe market.
Growing competition between twoleading companies such as Sony and Samsung for neuromorphic image sensors ispropelling the growth of the market. For instance, in Nov 2019, SamsungElectronics has filed a trademark application for its Dynamic Vision Sensortechnology intended for tablet and mobile applications. On the other hand, inDec 2019, Sony Corporation has silently acquired Insightness Company which isbased in Zurich, whose neuromorphic vision sensor enables motion detectionwithin a few milliseconds and the company also made partnership withParis-based Prophesee to grow the market for neuromorphic image sensors.
Global Neuromorphic ComputingMarket: Regional Analysis
Region-wise, North Americadominated the market in 2019 and is expected to maintain its dominance at CAGRof 17.2% during the forecast period. The US and Canada are major keycontributors to the growth of the market. The growth is attributed to therising adoption of neuromorphic technology for a variety of end-userapplications.
Increasing initiatives taken by theleading market players such as General Vision, Intel, and IBM to produceneuromorphic chips to use them in various applications such as in big dataanalytics, data centres, servers and others is driving the growth of the marketin the region. Growing knowledge about neuromorphic computing technology inmedical, electronics, military, and defence industries is further propellingthe growth of the market in the region.
According to research, the UnitedStates Air Force Research Lab is working towards the development ofneuromorphic computing technology to use it on a drone in the coming years, formilitary applications. Also, in the present year, the United States departmentof energy has unveiled a plan to provide US$2 Mn funding for essential researchto develop neuromorphic computing technology.
Global Neuromorphic ComputingMarket: Key Development
In Oct 2019, BrainChip Holdings Ltda leading provider of ultra-low-power, high-performance edge AI technologyannounced that the company is introducing its Akida named NeuromorphicSystem-on-Chip.
The objective of the report is topresent a comprehensive analysis of the Global Neuromorphic Computing Marketincluding all the stakeholders of the industry. The past and current status ofthe industry with forecasted market size and trends are presented in the reportwith the analysis of complicated data in simple language. The report covers allthe aspects of the industry with a dedicated study of key players that includesmarket leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis withthe potential impact of micro-economic factors of the market have beenpresented in the report. External as well as internal factors that are supposedto affect the business positively or negatively have been analyzed, which willgive a clear futuristic view of the industry to the decision-makers. The reportalso helps in understanding Global Neuromorphic Computing Market dynamics,structure by analyzing the market segments and projects the Global NeuromorphicComputing Market. Clear representation of competitive analysis of key playersby Application, price, financial position, Product portfolio, growthstrategies, and regional presence in the Global Neuromorphic Computing Marketmake the report investor’s guide.
The Scope of Global NeuromorphicComputing Market: Inquire before buying
Global Neuromorphic ComputingMarket, By Offering
• Hardware
• Software
Global Neuromorphic ComputingMarket, By Application
• Image Recognition
• Signal Recognition
• Data Mining
Global Neuromorphic ComputingMarket, By Industry
• Aerospace & Defense
• Consumer Electronics
• IT & Telecom
• Automotive
• Medical
• Industrial
• Others
Global Neuromorphic ComputingMarket, By Region
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
Global Neuromorphic ComputingMarket, Key Players
• IBM Corporation
• Intel Corporation
• Applied Brain Research
• SAMSUNG
• Sony
• BrainChip Holdings Ltd
• Hewlett Packard Development LP
• HRL Laboratories
• Qualcomm Incorporated
• General Vision
• Vicarious
• Numenta
• Aspinity Inc
• aiCTX AG
• Invitation AG
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