According to MarketDigits, the neuromorphic chip market is valued at USD 1 billion in 2021 and is estimated to reach USD 7.2 billion by 2027, growing at a CAGR of 15.3% during the forecast period 2022-2027. increase.
The Neuromorphic Chip Market report covers segments by offering (hardware, software), application (image recognition, signal recognition, data mining) and vertical (aerospace, military, automotive, medical): 2027 World forecast by year. We observe and study many factors that affect regional growth, including the local economy, environment, society, technology, and political situation. Analysts looked at data for each region on sales, production volumes, and manufacturers. This section analyzes the breakdown of revenue and volume by region for the forecast period 2022-2027. Readers can gain insight into the value of investing in specific areas thanks to these ratings. The study includes an in-depth analysis of the radiotherapy equipment market in key regions. North America, Europe, Asia Pacific, and Latin America are the main regions covered in this study.
Neuromorphic Chip Market Insights:
The market for neuromorphic chips is expected to grow, and these chips are also increasingly being used for big data analytics in various bioinformatics and medical applications. 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 create new business prospects for manufacturers of neuromorphic chips. In the automotive industry, neuromorphic chips are frequently used in luxury vehicles. Autonomous driving will require continuous AI algorithm upgrades to improve efficiency and reduce power consumption, which is expected to drive the growth of the neuromorphic computing market. These processors are more efficient in noisy environments and self-driving cars. Therefore, the development of neuromorphic circuits is accelerating. Developing self-driving cars can be done more efficiently and with less energy using neuromorphic processors. Over the next few years, the market for neuromorphic chips in North America is expected to expand significantly. This market expansion can be attributed to the increasing use of robotics and automation technologies, rising R&D spending in these industries, and the presence of significant companies in the region. The growing need for AI and growing preference for small and compact products are driving the development of nanoscale ICs in this area. This aspect will likely contribute to the expansion of the local market.
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Pre- and Post-Covid-19 Impact on Neuromorphic Chips Market:
The COVID-19 pandemic, which has affected companies in every industry, is impacting both our personal and professional lives. Public sector companies and government agencies, the IT, telecommunications, and healthcare industries are investing heavily in IoT technologies for the best possible outcomes in dealing with the catastrophe of the COVID-19 pandemic and saving lives. going. Therefore, his increased IoT investment during the pandemic has contributed significantly to the growth of the market.
Top Key Players in Neuromorphic Chip Market:
Applied Brain Research, Inc., Brain Chip Holdings Ltd., General Vision., HRL Laboratories, LLC., HP Development Company, LP, IBM Corporation., Intel Corporation., Lockheed Martin Corporation., Qualcomm Technologies, Inc., Samsung Electronics such as a corporation.
Market scope and market size of Neuromorphic Chips:
The primary output of this analysis is market data with full classification and revenue breakdown. Revenue from the neuromorphic chip market is segmented by service type, deployment style, sector, and region. Players, stakeholders, and other market participants will be able to position themselves strongly as this report will assist them in their marketing plans. Regarding revenue and forecast for 2022-2027, the market research focuses on revenue and forecast by region/country and by application. In-depth market share analysis with individual revenue, market share, and company ranking. A detailed competitive landscape, including identification of key players associated with each type of market.
The report also examines the current development of the market, its prospects and trends in the global Neuromorphic Chips market. Furthermore, it divides the neuromorphic chip market into segments according to service type, deployment method, industry, and region to allow in-depth analysis and disclosure of market characteristics and prospects.
Report Scope: Neuromorphic Chip Market
analysis | detail |
Report forecast period | 2022-2027 |
base year | 2021 |
CAGR value | 15.3% |
Forecast value for 2021 | billion US dollars |
Forecast value for 2027 | US$7.2 billion |
Target segment | Component type, deployment mode, organizational size, business function, and end users |
region | North America, Europe, Asia Pacific (APAC), Rest of World (Row) |
top player | 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. |
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Segmentation Analysis of Neuromorphic Chips Market:
The main segmentations are distributed as follows:
By offering
by application
- image recognition
- signal recognition
- data mining
Vertical direction
- Aerospace, Military, Defense
- car
- home appliance
- industrial
- medicine
- IT and communication
- Others (Smart Infrastructure & Education)
The Neuromorphic Chip Market Report provides answers to the following key questions:
- What are the trends and growth rates of the Neuromorphic Chips market? What analysis has been done on the price, sales, and volume of the top producers in the Neuromorphic Chips market?
- What are the key factors behind the global neuromorphic chip market? Which companies dominate the neuromorphic chip market?
- Which Companies Dominate the Neuromorphic Chip Market? Which Business Opportunities, Risks, and Tactics They Have Employed in the Market?
- What are the opportunities and dangers of the global Neuromorphic Chip industry suppliers in the Neuromorphic Chip market?
- What are the Regional Sales, Revenue and Price Analysis of the Neuromorphic Chips Industry? Who are the distributors, traders and resellers of the Neuromorphic Chips Market?
- What are the main geographic areas for the various trades that are expected to see tremendous growth in the neuromorphic chip market?
- Which are the main geographic regions of various industries expected to observe the tremendous expansion of the Neuromorphic Chips market?
- What are the key revenue-generating regions of the Neuromorphic Chips market and what are the regional growth trends?
- What will be the market size and growth rate by the end of the forecast period?
- What are the key trends in the neuromorphic chip market impacting the market expansion?
- Which Key Product Categories Dominate the Neuromorphic Chip Market? What are the Key Applications of Neuromorphic Chip Markets?
- Which neuromorphic chip market technology will dominate the market in the next few years?
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The post-neuromorphic chip market is estimated to reach a value of US$7.2 billion by 2027, registering a CAGR of 15.3%, led by top players Applied Brain Research, Inc., Brain Chip Holdings Ltd., General Vision , HRL Laboratories first appeared in MarketDigits. .
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