Global Neuromorphic Chip Market size was valued at US$ 22.50 Mn. in 2020 and the total revenue is expected to grow at 47.42% through 2021 to 2027, reaching nearly US$ 340.47 Mn.
Global Neuromorphic Chip Market Overview:
This report examines the market growth drivers and hurdles for the manufacturer, as well as the market's firm strategies, procedures, and financially sound and develop strategy. Customization and an intensive information of marketplace opportunities can meet the desires of person customers. The global Neuromorphic Chip Market study investigates the competition landscape and major players in the industry. In light of current industry conditions, this global Neuromorphic Chip market report can help with structure planning.
A neuromorphic chip is a microchip that is designed to work similarly to the nervous system and the brain. It entails employing software and VLSI (very-large-scale-integrated) systems to simulate human thinking and recognition. It also has silicon-based artificial synapses and neurons, which allow the system to replicate human brain activity. As a result, it has numerous applications in robotics and neurology.
The market is forecasted from 2021 to 2027 using 2020 as a base year. The market size for 2020 is based on actual figures and outputs from key companies and big players around the world. When projecting the market until 2027, previous five-year patterns are taken into account.
Market Scope:
According to the forecast period 2021-2027, the global Neuromorphic Chip market is estimated to grow at the highest CAGR between 2021 and 2027. This research examines the global Neuromorphic Chip market, including expectations and valuations. This study and analysis of market drivers, restraints, and opportunities affecting the growth of the Global Neuromorphic Chip Market is included in this report. The global market is divided into four segments: type, source, end-user, and geography (country-wise). The objective of this report is to give a strategic analysis of the global Neuromorphic Chip market in terms of individual growth trends, future prospects, and important sub-market participants' contributions. Estimates for North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America are included in the market study, as well as country-by-country segmentation. The strategic orientations, market positioning, and core competence assessments of major industry actors are profiled. The major firms in the Global Neuromorphic Chip Market are profiled as well, with details on their most recent competitive breakthroughs, investments, strategic initiatives, and competitive landscape.
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Segmentation:
Hardware and Software are two sub-segments of the Neuromorphic Chip market. In 2020, the Software segment had the biggest market share of xx%. Consumer demand for smaller, less expensive items drives the miniaturisation of integrated circuits. Smart sensors and emergency smart technologies are used in a variety of industries, including smart phones, healthcare, and automotive. Miniaturization methods have increased the complexity of hardware design in recent years.
The Neuromorphic Chip market is divided into five segments: aerospace and defence, information technology and telecommunications, automotive, medical, industrial, and others. In 2020, the automotive industry had the greatest market share of percent. All high-end manufacturers are significantly investing in Level 5 self-driving cars, resulting in a surge in demand for artificial intelligence neuromorphic devices. To meet the high throughput and low power consumption requirements of the autonomous driving business, AI algorithms must be constantly improved. Classification algorithms work well with neuromorphic circuits, and they may be used in a variety of autonomous driving scenarios. They're also more efficient in noisy environments, such as self-driving cars, than static deep learning systems.
Key Players:
• IBM Corp.
• Intel Corp.
• General Vision Inc.
• Qualcomm Technologies Inc.
• Hewlett Packard Labs.
• HRL Laboratories
• LLC
• Brainchip Holdings Ltd.
• Know Inc.
• Samsung Electronics
• HP Corporation
• Lockheed Martin Corporation
• Vicarious FPC Inc.
• Applied Brain Research, Inc.
• aiCTX AG
• Applied Brain Research
• Eta Compute
• GyrFalcon
• GrAI Matter Labs,
• Nepes Corp.
• Brain Corp
Regional Analysis:
Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America are the five regions that make up the global Neuromorphic Chip market. Selected market aspects that influence present and future market trends, as well as changes in market rules at the country level, are covered in the report's countries section. Some of the primary components used to forecast each country's market situation include consumption, production location and amount, import/export analysis, pricing analysis, raw material prices, and upstream and downstream value chain analysis.
COVID-19 Impact Analysis on Neuromorphic Chip Market:
The recovery procedure for the COVID-19 pandemic has come to an end all around the globe. Maximize Market Research's Global Neuromorphic Chip Market Status, Trends, and COVID-19 Impact Report 2021 examines the global Neuromorphic Chip market in light of current economic conditions. MMR regularly assesses the impact of the COVID-19 pandemic on different sectors and industries in all areas. The same information can be found in the Maximize Market Research (MMR) report. It can be used to find out how COVID-19 has affected the decline and growth of the industry. In addition, MMR reports help identify market supply and demand gaps. The MMR report contains analysis, government policy updates, and a variety of other important data.
Key Questions answered in the Neuromorphic Chip Market Report are:
- Which product segment grabbed the largest share in the Neuromorphic Chip market?
- How is the competitive scenario of the Neuromorphic Chip market?
- Which are the key factors aiding the Neuromorphic Chip market growth?
- Which region holds the maximum share in the Neuromorphic Chip market?
- What will be the CAGR of the Neuromorphic Chip market during the forecast period?
- Which application segment emerged as the leading segment in the Neuromorphic Chip market?
- Which are the prominent players in the Neuromorphic Chip market?
- What key trends are likely to emerge in the Neuromorphic Chip market in the coming years?
- What will be the Neuromorphic Chip market size by 2027?
- Which company held the largest share in the Neuromorphic Chip market?
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