Neuromorphic Computing Market Size Covers Global Industry Analysis, Size, Share, CAGR, Trends, Forecast and Business Opportunity.
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Global Neuromorphic Computing Market to reach USD 8.9 billion by 2025.
Global Neuromorphic Computing Market valued approximately USD 1.6 billion in 2016 is anticipated to grow with a healthy growth rate of more than 21% over the forecast period 2017-2025. The major factors driving the growth of the market include growth in the sensors market; rising demand for artificial intelligence and machine learning; increasing adoption of software in applications such as continuous online learning, real-time data streaming, predictive analysis, and data modelling; need for better performing ICs; growing demand for neuromorphic computing in applications such as video monitoring, machine vision, and voice identification; and the end of Moore™s law leading to new ways of computing. The emerging trend of combining neuroscience computation and embodied models has led to an upsurge in demand for design and development of neuromorphic chips for brain-based robots and cognitive robots. Rising need for machine learning tools has further contributed to industry expansion.
North America is the largest and rapidly growing market for neuromorphic computing due to the initiatives taken by major chip designing companies such as IBM Corporation (U.S.), Intel (U.S.), and General Vision (U.S.). The global industry is expected to gain momentum in Asia Pacific and South America due to growing demand for automation in emerging nations such as China, India, and Brazil.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By End Use:
oMilitary & Defence
oRest of the World
Furthermore, years considered for the study are as follows:
Historical year “ 2015, 2016
Base year “ 2017
Forecast period “ 2018 to 2025
The industry is seeming to be fairly competitive. Some of the leading market players include IBM Corporation, Hewlett Packard , Samsung Electronics co Ltd., Intel Corporation, Qualcomm Inc., Brain Corporation, General Vision Inc., HRL Laboratories, Vicarious, CEA-Leti and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Neuromorphic Computing Market in Market Study:
oKey Consulting Companies & Advisors
oLarge, medium-sized, and small enterprises
oValue-Added Resellers (VARs)
oThird-party knowledge providers
Key factors influencing market growth:
- New application developments and product designs.
- Falling prices of the Neuromorphic Computing.
- Strict government norms along with the administrative support and R&D subsidization.
- Geographic expansion by major market players as well as new entrants.
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To summarize, the Neuromorphic Computing market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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