Neuromorphic Computing Market by Component (Hardware, Software), by Application (Object Classification, Surveillance, Others), by End-User (Aerospace, Healthcare, Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) – Global Forecast (2019 to 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.  

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.

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

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

Key Questions answered by the report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Neuromorphic Computing Market Providers
  • Neuromorphic Computing Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Neuromorphic Computing Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE NEUROMORPHIC COMPUTING MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Flourishing Demand of Artificial Intelligence (AI)
    3. Opportunities
      1. Implementing Neuromorphic Computing in Self Driven Vehicles
    4. Challenges
      1. Complexity of the Neuromorphic Technology
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL NEUROMORPHIC COMPUTING MARKET BY COMPONENT, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hardware
    3. Software
  7. GLOBAL NEUROMORPHIC COMPUTING MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Object Classification
    3. Trading Pattern Detection
    4. Price Prediction
    5. Surveillance
    6. Vision Guided Robotics
    7. Others
  8. GLOBAL NEUROMORPHIC COMPUTING MARKET BY END-USER, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Aerospace
    3. Automotive
    4. Healthcare
    5. Others
  9. GLOBAL NEUROMORPHIC COMPUTING MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Singapore
      5. Australia
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  10. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  11. COMPANY PROFILES
    1. IBM  
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Intel Corporation
    3. Hewlett Packard Enterprise Development LP
    4. SAMSUNG
    5. BrainChip Holdings Ltd.
    6. Clarifai, Inc.
    7. Applied Brain Research
    8. General Vision
    9. HRL Laboratories, LLC
    10. Other Key Companies
  12. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

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