Keeping the pace of development of disruptive technologies, such as machine learning (ML) and artificial intelligence (AI), several embedded system providers are intense to develop brain chips, where the chips will be processed fast, and will also have responses like human brains for those systems to act and think in a human way. Internet of Things (IoT), Data analytics, and smart sensors are considered as major elements for the neuromorphic chip market, as these chips are entrenched into hardware used for data mining, image recognition, etc. Presently, neuromorphic vendors plane to design advanced system-on-chip (SoC) that provides a boundary between algorithms and sensors, which ultimately results in optimally converted data spikes and spiking neural networks (SNNs).
MARKET DYNAMICS
An increase in the addiction of software in industries such as IT & telecom, aerospace & defense, and medical and modernization of industries are the significant factors driving the growth of the neuromorphic market. However, the difficulty in implementing and concerns over privacy and security are some of the major factors restraining the growth of the neuromorphic market. With the increasing demand for wearable devices, IoT is also anticipated to fuel the growth of the neuromorphic market
MARKET SCOPE
The "Global Neuromorphic Chip Market Analysis to 2028" is a specialized and in-depth study of the neuromorphic chip market with a special focus on the global market trend analysis. The report aims to provide an overview of neuromorphic chip market with detailed market segmentation by offerings, application, industry. The global neuromorphic chip market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading neuromorphic chip market players and offers key trends and opportunities in the neuromorphic chip market.
MARKET SEGMENTATION
The global neuromorphic chip market is segmented on the basis of offerings, application, industry. On the basis of offerings, the market is segmented as hardware, software. On the basis of application, the market is segmented as image recognition, signal recognition, data mining. On the basis of industry, the market is segmented as aerospace and defense, it and telecom, automotive, medical, industrial, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global neuromorphic chip market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The neuromorphic chip market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting neuromorphic chip market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Neuromorphic chip market in these regions.
MARKET PLAYERS
The reports cover key developments in the neuromorphic chip market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from neuromorphic chip market are anticipated to lucrative growth opportunities in the future with the rising demand for neuromorphic chip market. Below mentioned is the list of few companies engaged in the neuromorphic chip market.
The report also includes the profiles of key neuromorphic chip market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- aiCTX AG
- Applied Brain Research, Inc.
- BrainChip Holdings Ltd.
- General Vision.
- Hewlett Packard Enterprise
- HRL Laboratories, LLC.
- IBM Corp
- Intel Corporation.
- Qualcomm Technologies, Inc.
- Samsung Electronics Ltd.