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

Market Driver:

  • 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.

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Market Challenge:

  • 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.

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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.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018–2027

Base Year for Market Calculation

2019

Forecasted Period

2020–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Component, Application, End-users, and Region

Regional Coverage

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
  • SAMSUNG
  • BrainChip Holdings Ltd.
  • Clarifai, Inc.
  • Applied Brain Research
  • General Vision
  • HRL Laboratories, LLC
  • Other Key Companies

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Neuromorphic Computing MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Neuromorphic Computing Market, by Component

  • Hardware
  • Software

Neuromorphic Computing Market, by Application

  • Object Classification
  • Trading Pattern Detection
  • Price Prediction
  • Surveillance
  • Vision Guided Robotics
  • Others

Neuromorphic Computing Market, by End User

  • Aerospace
  • Automotive
  • Healthcare
  • Others

Neuromorphic Computing Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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Table of Content

1 Introduction

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

12 Appendix

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”.

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Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach