According to MarketDigits, the neuromorphic chip market will be valued at $1 million in 2021 and is estimated to reach $438.4 million by 2027, growing at a CAGR of 89.1% during the forecast period of 2022-2027. grow up
The report on “Neuromorphic Chip Market” is divided into product (hardware, software), application (image recognition, signal recognition, data mining), vertical (aerospace, military, automotive, medical) regions, and forecast to 2027 covers the segment by Neuromorphic Chips Market understands market size estimation, forecasts, market share, competitive analysis, and industry trends of Neuromorphic Chips with emphasis on market timeline and technology roadmap analysis.
neuromorphic chip Market Insights:
Neuromorphic chips open up new possibilities for cognitive storage and smart sensors by analyzing patterns in text, images, sounds and measurements with orders of magnitude less energy and complexity than current microprocessors . Robots, drones, self-driving cars, and other self-sufficient machines require small, energy-efficient circuits, but conventional semiconductor chips have reached their miniaturization and capacity limits. As a result, the adoption of neuromorphic computing is of great importance to these sectors and is also expected to bring new business opportunities to the makers of neuromorphic chips.
Neuromorphic computing uses spiking neural networks (SNNs) to replicate biological spikes that signal before they go quiet. The resulting system consumes less energy compared to the artificial neural networks currently used in the majority of AI systems. Thanks to improved performance, significantly more AI computations can now be performed on lower-power, more compact devices at the network edge. Many advantages, such as low power consumption, reduced latency, increased flexibility, fast response systems, and rapid learning, could open up new markets for neuromorphic chips.
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Pre- and post-Covid-19 effects on neuromorphic chips market:
During the pandemic period, the COVID-19 outbreak has had a significant impact on the expansion of the global neuromorphic chip market. To better control the global outbreak, the neuromorphic chip market platform has joined forces with disruptive technologies that drive market growth. Neuromorphic chips have the potential to revolutionize the chemistry of the neuromorphic chip market as they can deliver critical computations with exponential acceleration and improved optimization.
The purpose of this study is to identify market opportunities, estimate market size by segment and country over the past few years, and project value over the next five years. The report incorporates both qualitative and quantitative aspects of the industry for each region and country involved in the study.
top key players in neuromorphic chip market:
Major Players in Neuromorphic Chip Market are:
Applied Brain Research, Inc., BrainChip Holdings Ltd., General Vision., HRL Laboratories, LLC., HP Development Company, LP, IBM Corporation., Intel Corporation., Lockheed Martin Corporation., Qualcomm Technologies, Inc., Samsung Electronics Co. , Ltd., etc.
Market scope and market size of Neuromorphic Chips:
The neuromorphic chip market is segmented by product, application, vertical, and region. Players, stakeholders, and other participants in the global Neuromorphic Chips market will be able to gain a strong position as this report will surely assist in their marketing strategies. The market analysis focuses on revenue and forecast by region/country and application for the period 2016-2027.
The report further studies the market development status and future across the globe and trends in the Neuromorphic Chips market. It also presents the Neuromorphic Chips market, segmented by application, vertical, and region for deeper study to reveal market profiles and prospects.
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Segmentation analysis of neuromorphic chips market:
The main segmentations are distributed as follows:
By offering
hardware
processor
memory
software
by application
image recognition
signal recognition
data mining
Vertical direction
Aerospace, Military, Defense
car
consumer electronics
industrial
medicine
IT and communication
Others (Smart Infrastructure & Education)
global Regional Analysis For Neuromorphic Chip Market:
- North America: (USA, Canada, Europe, Germany, France, UK, Italy, Russia)
- Asia Pacific: (China, Japan, South Korea, Australia, Taiwan, Indonesia, Thailand, Malaysia)
- Latin America: (Mexico, Brazil, Argentina, Colombia)
- Middle East and Africa: (Turkey, Saudi Arabia, UAE).
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Reasons to buy this report:
- Determine future investment areas based on detailed trend analysis of the global neuromorphic chip market over the next few years.
- Gain an in-depth understanding of the underlying factors driving the demand for various neuromorphic chip market segments in top spending countries across the globe and identify the opportunities each one offers.
- Gain a better understanding of the market in terms of demand drivers, industry trends, latest technology developments and more.
- It identifies the key channels driving the global neuromorphic chip market, articulates future opportunities available, and drives revenue growth.
- Channelize resources by focusing on ongoing programs being implemented by different countries within the global neuromorphic chip market.
about us:
MarketDigits is one of the leading business research and consulting firms, helping clients develop new opportunities and revenue areas, thereby supporting operational and strategic decision-making. At MarketDigits, we believe the market is a small place and an interface between suppliers and consumers. As such, we primarily focus on business research that includes the entire value chain as well as the market.
We provide the most relevant and beneficial services for our users to help them sustain their business in this competitive market. Strategic, tactical and operational data analysis and A detailed and in-depth analysis of the market for your reporting needs, utilizing advanced technology to enable our clients to gain better insight into the market and identify areas of lucrative opportunities and incremental revenue .
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The post-neuromorphic chip market is estimated to reach a value of USD 438.4 million by 2027, registering a CAGR of 89.1%. Top key players such as Applied Brain Research, BrainChip Holdings Ltd, General Vision and HRL Laboratories are first to appear on MarketDigits.
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