COVID19: Global Neuromorphic Computing Market is projected to reach a value of over USD 370 Million by 2027
NEUROMORPHIC COMPUTING MARKET: Summary
The Global Neuromorphic Computing Market is projected to reach a value of over USD 370 Million by 2027 at a CAGR of around 53.6%.
Neuromorphic computing is a class of artificial intelligence stimulated by the biological functioning of the human neuron which has spiking neural network. Using neuromorphic technology densely connected synthetic neurons and synapses are created which can be used in the chips to solve complicated machine learning problems. The neuromorphic computers can perform calculations more efficiently in terms of time and power consumption. This architecture has the ability to cater the demands of next-generation AI based devices.
NEUROMORPHIC COMPUTING MARKET: Drivers & CHALLENGES
- Flourishing Demand of Artificial Intelligence
Artificial Intelligence (AI) is getting equipped across various domains and the innovations related to AI are also gaining momentum resulting in advancement. The architecture based on neuromorphic structure is more suitable for the advancement in the field of AI. Today’s AI based devices such as Siri and Alexa, are dependent on cloud-based computing to perform complex tasks such as responding to voice of the user. Incorporating neuromorphic technology in such smart devices may produce more efficient output. Compared to conventional CPU chips, neuromorphic chips require lesser energy to operate and gives improved output.
Hence, flourishing demand of AI can be benefitting for the growth of the neuromorphic computing market, during the forecast period.
Request Free Sample of Global Neuromorphic Computing Market @
- Complexity of the Neuromorphic Technology
Owing to the complexity of the technology current adoption of neuromorphic computing is very limited. Significant challenge is faced during defining the algorithm in the neuromorphic computers, this algorithm contains structure and dynamics of the network. In addition, setbacks are faced in the researches related to neuromorphic technology as it is very difficult to mimic the human brain flexibility and the capability to respond to unregulated stimuli on a single chip.
Hence, complexity of the neuromorphic technology can be a limiting factor for the growth of the neuromorphic computing market, during the forecast period.
Neuromorphic Computing market: Key segments
- Segmentation based on component: Hardware and Software
- Segmentation based on application: Object Classification, Trading Pattern Detection, Price Prediction, Surveillance, Vision Guided Robotics, and Others
- Segmentation based on end-users: Aerospace, Automotive, Healthcare, and Others
- Segmentation based on region covers: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis.
Consult with Analyst of Global Neuromorphic Computing Market @
Neuromorphic Computing MARKET: Report SCOPE
The report on the neuromorphic computing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2020–2027 (2020 estimated year, forecasted up to 2027)
Value (USD Million)
Component, Application, End-users, and Region
North America, South America, Asia-Pacific, Europe, Middle East & Africa
KEY Companies Covered
- IBM (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Intel Corporation
- Hewlett Packard Enterprise Development LP
- BrainChip Holdings Ltd.
- Clarifai, Inc.
- Applied Brain Research
- General Vision
- HRL Laboratories, LLC
- Other Key Companies
Request for Methodology of Global Neuromorphic Computing Market @
Neuromorphic Computing MARKET: report segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Neuromorphic Computing Market, by Component
Neuromorphic Computing Market, by Application
- Object Classification
- Trading Pattern Detection
- Price Prediction
- Vision Guided Robotics
Neuromorphic Computing Market, by End User
Neuromorphic Computing Market, by Region
- North America
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Purchase Global Neuromorphic Computing Market Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/neuromorphic-computing-market-purchase-now/
Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 Global Neuromorphic Computing Market By Component, Market Size In Usd Million (2019–2027)
7 Global Neuromorphic Computing Market By Application, Market Size In Usd Million (2019–2027)
8 Global Neuromorphic Computing Market By End-User, Market Size In Usd Million (2019–2027)
9 Global Neuromorphic Computing Market By Region, Market Size In Usd Million (2019–2027)
10 Competitive Landscape
11 Company Profiles
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Phone: +1 (720) 306 9020
For more market research insights, please visit https://www.forencisresearch.com