The article cited AMA's Global Neuromorphic Chip Market Study explored substantial growth with CAGR of %. According the report, Development of Artificial Intelligence, Robotics, Nano Technology and 3D printing is one of the primary growth factors for the market. Increasing Demand For Artificial Intelligence Based Microchips and Machine Learning
is also expected to contribute significantly to the Neuromorphic Chip market. Overall, Image Recognition
applications of Neuromorphic Chip, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Applied Brain Research, Inc. (Canada), BrainChip Holdings Ltd. (Austalia), General Vision Inc. (United States), HRL Laboratories, LLC. (United States), IBM Corporation (United States), Intel Corporation (United States), Hewlett Packard Enterprise Co. (United States), Lockheed Martin Corporation (United States) and Qualcomm Technologies, Inc. (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The End-Users, such as Aerospace and Defense Industry, is boosting the Neuromorphic Chip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Offering, such as Hardware, is boosting the Neuromorphic Chip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Neuromorphic Chip market identified that the demand is rising in many different parts of the world as "Rise in Number of End User Industries Implementing Neuromorphic Chips
". Furthermore, some recent industry insights like "In December 2018, Applied Brain Research Inc., a neuromorphic computing software released a benchmark showing ABR Nengo DL deep network on the Intel Loihi research Chip which is 38X more efficient than GPU for real-time data deep learning." is constantly making the industry dynamic. One of the challenges that industry facing is "Low Return on Investment and Technology Design Challenges"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Neuromorphic Chip market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Neuromorphic Chip market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Neuromorphic Chip market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Neuromorphic Chip market and other related sub-markets covered in the study.
o Key & emerging players in the Neuromorphic Chip market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Neuromorphic Chip market size is calculated using market estimation process, the Neuromorphic Chip market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Neuromorphic Chip market size has been validated using both top-down and bottom-up approaches.