Global Neuromorphic Chips Market Size is estimated to expand rapidly in coming years, at a CAGR of 18.5 % from 2018 to 2025. In 2017, the global market valuation was USD 4.25 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. neuromorphic engineering, also known as neuromorphic computing was developed using the technology of very large scale integration (VLSI) and can represent neuro-biological architecture present in the human nervous system. This means these chips are made using the technology to represent the human brain. Neuromorphic chips make voice- and gesture-controlled devices work effectively. Data analytics, internet of things, and smart sensors are major applications of the neuromorphic chip market, as these chips are embedded into hardware used for image recognition, data mining, etc. According to the research, North America is expected to be the highest growing region in the market of neuromorphic chips. Neuromorphic chips allow users to avail numerous advantages such as high speed, low power consumption, intellectual computing, and flawless usage of memory.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global neuromorphic chips market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global neuromorphic chips market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Offering Type Insights: On the basis of offering type, global neuromorphic chips market has been segmented into software and hardware. Amongst which software segment is expected to be the highest growing segment in the global market due to wide range of offerings such as data security, accurate data, data protection, image recognition and data mining. There has been wide demand of software based neuromorphic chips for aerial surveillance, satellite imaging, and audio and video signal processing.

By Application Insights: On the basis application, global neuromorphic chips market has been segmented into image recognition, signal recognition, and data mining. Among these use of neuromorphic chips in image recognition is expected to witness high growth in meantime.

By End User Insights: On the basis end user, global neuromorphic chips market has been segmented into aerospace & defense, IT & telecom, automotive, medical & industrial, and others. According to the research, aerospace and defense segment is expected to impact the market. Militaries today are coping up with an exponential increase in the amount of data from a wide variety of sensors. This data needs to be processed before the further transmission. This will lead the market in military and defense sector.

Regional Analysis

The neuromorphic chips market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region North America is expected to witness high growth in upcoming time span majorly attributed to presence of key neuromorphic chip vendors in the region. Technical advancements and high demand from military and defense sector is also one of the reason behind market uplifting. Asia Pacific region is expected to witness high growth in the market in forecast period. Increasing number of key vendor, continuous evolution and application of new technology are key points for boosting the market in Asia Pacific region. Europe is anticipated to dominate the global neuromorphic chips market over the projected period majorly owing to high demand from IT and telecom industry, better technological connectivity and ease of raw material and highly cost-effective business strategies.

Global Neuromorphic Chips Market Size, Share Analysis by Region 2017

Global Neuromorphic Chips Market Study Objective

1. To forecast the market size of neuromorphic chips market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of neuromorphic chips market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of neuromorphic chips market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of neuromorphic chips market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the neuromorphic chips market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

BrainChip Holdings Ltd., General Vision., HRL Laboratories, LLC., HP Development Company, L.P., IBM Corporation., Intel Corporation., Lockheed Martin Corporation., Qualcomm Technologies, and Inc.,Samsung Electronics Co., Ltd. are some of the key players in the market of neuromorphic chips.

Global Neuromorphic Chips Market Study Report Offer You!

The global neuromorphic chips market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.