(2019 – 2024) Neuromorphic Chip Market – CAGR GROWTH, TRENDS, ANALYSIS AND FORECAST
Neuromorphic Chip Market is expected to grow at a CAGR of XX% during the forecast period of (2019 – 2024). And report provides complete market overview, list of top manufactures, scope of the report, key market trends of Neuromorphic Chip market and main aspect about report- why should you buy this research report? so don’t miss it.
Neuromorphic Chip Market Overview:
Keeping the pace of advancement of disruptive technologies such as Artificial Intelligence (AI) and Machine Learning (ML), various embedded system providers are keen to develop brain chips, where not only the chips will be processed fast, but will have also responses like human brains for those systems to think and act in a human way. Data analytics, internet of things, and smart sensors are considered as major applications for the neuromorphic chip market, as these chips are embedded into hardware used for image recognition, data mining, etc.
– Currently, neuromorphic vendors aim to design advanced system-on-chip (SoC) that provide an interface between sensors and algorithms; which eventually results in optimally converted data spikes and spiking neural networks (SNNs). A product like ‘Akida NSoC’ from BrainChip Holdings Ltd. has 1.2 million neurons and 10 billion synapses.
– Big chip players including Intel Corporation, Qualcomm Incorporated, BrainChip Holdings Ltd., HRL Laboratories LLC, IBM Corporation and many others are developing neuromorphic chips to cut short processing speed through self decision making abilities by the chips.
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List of Top Key-players/Leading Manufacturers of Neuromorphic Chip Market:
Scope of the Neuromorphic Chip Market Report:
Neuromorphic chips are digitally processed analog chips with a series of networks as similar to human brain networks. These chips contain millions of neurons and synapses to augment self intelligence, irrespective of pre-installed codes in normal chips. As a special kind of chips, these are highly capable of manipulating data received through sensors.
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Key Trends of Neuromorphic Chip Market:
Automotive is the Fastest Growing Industry to Adapt Neuromorphic Chip
– Automotive industry is one of the fastest-growing industry for neuromorphic chips. All premium car makers are investing heavily to achieve L5 level of autonomous technology; which in turn is anticipated to generate huge demand for AI-powered neuromorphic chips.456- Due to the complexity of roadway data integration, cars’ automated systems need more AI than aircrafts. According to Victoria Transport Policy Institute, by 2030, 20%-40% of the automated vehicles will be available in moderate to premium price category, which means more volume of integrated neuromorphic chips will be sold by the AI chip manufacturers.456- Advanced driver assisted system (ADAS) and autonomous vehicle (AV) applications are the two primary areas where neuromorphic chip manufacturers are eyeing to enhance their market reach. Recently, in October 2017, BrainChip Holdings Ltd. supplied neuromorphic chip to one of the top automobile company in Germany to test their ADAS capability.
North America Expected to Hold Major Share over the Forecast Period
– North America is currently one of the major market share holder for neuromorphic chips with presence of top vendors in the U.S. Latest technological breakthroughs have assisted the advancement of new X-ray tubes that can make the overall process more efficient and can significantly improve accuracy in various applications.456- There have been a series of new product launches, mergers, and acquisitions in North America to take the advantage of this opportunity. The major driver behind the investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, North America are set to boom over the forecast period.
Reasons to Purchase Neuromorphic Chip Market Report:
- The report analyses how the stringent emission control norms will drive the global Neuromorphic Chip market.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Neuromorphic Chip market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
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Overview of TOC, what it contains? –
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Product Type
5.2 Distribution Channel
6 COMPETITIVE LANDSCAPE
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Adopted Strategy
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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