About Neuromorphic Chip
The neuromorphic chip is a chip modeled out on millions of neurons on the biological brain and human eye. This was invented in early 1920 by Carver Mead and Lynn Conway. The chip was built to form a platform for executing large scale real-time simulation. This concept of design was to allow chips to interpret and respond accordingly in ways that are not specifically programmed. The size of these chip is small and can be comfortably placed inside the human body or electronic devices. The global neuromorphic chip market is expected to grow owing to the rising demand for Artificial Intelligence and increasing need for the Internet of Things and Data analytics.
Attributes | Details |
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Study Period | 2018-20 |
Base Year | 202 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Neuromorphic Chip market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Samsung Electronics Co., Ltd. (South Korea) and Vicarious FPC Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Neuromorphic Chip market by , Application (Image Recognition, Signal Processing, Data Processing and Others) and Region.
On the basis of geography, the market of Neuromorphic Chip has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End-Users, the sub-segment i.e. Aerospace and Defense Industry will boost the Neuromorphic Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. Hardware will boost the Neuromorphic Chip market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Development of Artificial Intelligence, Robotics, Nano Technology and 3D printing
Market Growth Drivers:
Increasing Demand For Artificial Intelligence Based Microchips and Machine Learning, Growing Demand For Smarter Sensor and Miniaturisation Of ICs
Challenges:
Low Return on Investment and Technology Design Challenges
Restraints:
Slow Pace in Development of Application Despite Heavy Investment in R&D and Complex Algorithms Increases The Complexity of Designing Hardware of Neuromorphic Chips
Opportunities:
Rise in Number of End User Industries Implementing Neuromorphic Chips, Bringing Artificial Intelligence to Edge Devices and Industry 4.0 Will Provide Potential Growth Opportunity for Chip
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.
Analyst View
Professor Markus Diesmann head of the computational and systems neuroscience department at the Jülich Research Center in Germany, said, “There is a huge gap between the energy consumption of the brain and today’s supercomputers. Neuromorphic (brain-inspired) computing allows us to investigate how close we can get to the energy efficiency of the brain using electronics.”
Key Target Audience
Research Laboratories In Universities, Government Institutions, Research Organizations, Forums, Alliances, And Associations and Industries Such As Aerospace & Defense, Automotive, IT & Telecom, Industrial, And Medical, Among Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.