The global Neuromorphic Chip Industry is expected to register a CAGR of 12% during the forecast period of 2020–2026.
The global Neuromorphic Chip Industry is estimated to grow at a significant rate in the near future. The geographical analysis of the neuromorphic chip market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world. Neuromorphic chips are packed with artificial neurons and artificial synapses that mimic the activity spikes that occur within the human brain—and they handle all this processing on the chip. Neuromorphic chips introduce a level of parallelism that does not exist in today's hardware, including GPUs and most AI accelerators. Although today's deep learning systems rely on software to run basic neuromorphic systems using conventional field-programmable gate arrays (FPGA), central processing units (CPUs), and graphics processing units (GPUs), chips specifically designed to accomplish these tasks could revolutionize computing. This results in smarter, far more energy-efficient computing systems.
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As per MRFR analysis, North America accounted for the largest share in 2019 for the global Neuromorphic Chip Market. The region witnesses major presence of key market players and manufacturers in the region. Growing number of data centers coupled with increased need for higher data transfer speed and increased storage capacity of memory devices has propelled the market growth in this region.
Asia-Pacific is expected to be the fastest-growing regional market during the forecast period. China has witnessed a significant demand for surveillance at public places which has increased the adoption of neuromorphic chip market in this region. Moreover, growing advancements in the telecom sector coupled with greater demand for demand for artificial intelligence and machine learning technologies is also expected to propel the market growth in Asia-Pacific region.
MRFR recognizes the key players in the global Neuromorphic Chip Industry. These include Hewlett Packard Enterprise, Samsung Electronics Limited, Intel Corp., HRL Laboratories, LLC, General Vision Inc., Applied Brain Research, Inc., Brainchip Holdings Ltd., aiCTX AG, Qualcomm, IBM, Nepes Corp., Innatera, MemComputing, INSTAR Robotics, Ceryx Medical, and Koniku, among others. The prominent players keep innovating and investing in research and development to offer a cost-effective product portfolio. There have been recent mergers and acquisitions among the key players, a strategy of business entities for strengthening their reach to the customers.
The global Neuromorphic Chip Industry has been segmented based on product, connectivity, and region.
By application, the market has been segmented into image recognition, signal recognition, data mining.
By vertical, the market has been segmented into aerospace defense, IT telecom, automotive, medical, industrial, others.
By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
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