Neuromorphic Chip Market Forecasts to 2028 – Global Analysis By Offering (Hardware, Software), Application (Image Recognition, Visual Processing, Pattern Recognition, Signal Recognition, Data Mining) and By Geography
According to Stratistics MRC, the Global Neuromorphic Chip Market is accounted for $22.50 million in 2020 and is expected to reach $449.47 million by 2028 growing at a CAGR of 45.4% during the forecast period. Factors such as developments in artificial intelligence (AI) and machine learning (ML) and increasing digitalization are driving the growth of the market. However, lack of proper awareness regarding advanced technologies is hampering the growth of the market.
Neuromorphic chips are digitally processed analog chips with a series of networks which are similar to human brain networks. These chips contain millions of neurons and synapses to augment self intelligence and are capable of manipulating data received through sensors.
Based on the end user, the automotive segment is anticipated to expand at a rapid pace during the forecast period owing to the rising popularity of high-end technologies like autonomous driving. By geography, North America is going to have high growth during the forecast period which can be attributed to the increasing investments into research activities which are associated with artificial intelligence.
Some of the key players profiled in the Neuromorphic Chip Market include IBM Corporation, Hewlett Packard Enterprise Development LP (HPE), Lockheed Martin Corporation, Samsung Electronics Co. Ltd, Intel Corporation, Qualcomm Technologies, Inc, SynSense AG, BrainChip Holdings Ltd, Nepes Corporation, Vicarious FPC Inc, Gyrfalcon Technology Inc, General Vision, Hrl Laboratories, LLC, GrAI Matter Labs, and SK Hynix Inc.
• Biology-Based Learning Models
• Artificial Neural Networks
• Image Recognition
• Visual Processing
• Pattern Recognition
• Signal Recognition
• Data Mining
End Users Covered:
• Consumer Electronics
• Aerospace & Defense
• Information Technology (IT) & Telecom
• Financial Services and Cybersecurity
• Smart Infrastructure & Education
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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