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Artificial intelligence is a machine learning technology that
provides the skill to machines to learn with partial programming.
This involves the advancement of computer programs and machines which
are competent enough to update themselves when being exposed to real
time data. Moreover, an innovation in the field of miniaturization of
integrated circuits has increased the scope of applications for
neuromorphic chip. The neuromorphic chips are small and scalable
enough to get easily implemented in different end use products.
Rising demand of neuromorphic chip in the field of Internet of Things
(IoT) technology is driving the growth of the market. The chips are
likely being planted in large supercomputers to enhance the speed of
machine learning along with some other neural network-based
computations.
Implementation of neuromorphic chips in diverse end use products of
different industries including automotive, semiconductor &
electronics and healthcare can be identified as future growth
opportunity for the market. Neuromorphic chips have application level
opportunities in industrial and service robotics.
The global neuromorphic chip market, as mentioned, is of critical
future importance to the sectors of defense and automotive. The scope
of use of this product in these sectors is expected to increase even
further in the coming years, owing to the increasing demand for
artificial intelligence. A growing number of industries are showing a
large demand for these machines with learning capabilities through
partial programming. On paper, the global neuromorphic chip market is
capable of producing artificial intelligence that can update itself
once exposed to external sources of knowledge in real time. This
allows the AI to perform similar tasks in different methods, as per
the requirement, giving rise to a large scope of utility for
neuromorphic chips in the near future.
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In terms of applications, the global neuromorphic chip market was
dominated by the industrial segment in 2014, from the perspective of
revenue. Neuromorphic chips already have a significant scope of use
in industrial segments such as advanced machine vision. Other
application segments of the global neuromorphic chip market include
medical, automotive, defense and aerospace, and other minor segments.
In terms of function, 30.0% of the global neuromorphic chip market
was occupied by signal processing function, in 2014. This was the
leading share in the market, owing to the high amount of applications
in all its end-use industries.
Geographically speaking, the global neuromorphic chip market was led
by North America in terms of market size in 2014. The market is
expected to maintain its leading position in the global market in the
near future.
Global Neuromorphic Chip Market: By Function
> Signal Processing
> Data Processing
> Image Recognition
> Others
Global Neuromorphic Chip Market: By Application
> Defense and Aerospace
> Automotive
> Medical
> Industrial
> Others
Global Neuromorphic Chip Market: By Geography
> North America
> Europe
> Asia Pacific
> Rest of the World
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