Description of Neuromorphic Chip Market at:
The increase in applications of neuromorphic chips is primarily
driven due to the evolution in the field of miniaturization of
Integrated circuits. The neuromorphic chips are small enough to get
implemented in different end use products. In recent years, demand
for miniaturization of electronic devices in aerospace and medical
sectors has increased manifold. The neuromorphic chips need to be
small enough so that it can be placed inside electronic devices and
human body easily. Moreover, these chips are placed even in one
single micron of space which drives the need of miniaturization of
integrated circuits. Growing demand of artificial intelligence is
also one of the major drivers of the neuromorphic chip market. The
artificial intelligence can speed up data processing functions and
efficiency in terms of performance of neuromorphic chips. Artificial
intelligence is a machine learning technology that provides the
computers with the skill to learn with partial programming. This
involves the advancement of computer programs which are competent of
updating themselves when exposed to simultaneous real time data
sources.
Rising demand of sensors in different industry verticals such as
health care, logistics, military and defense, and automobiles has
indirectly expanded the scopes of application of neuromorphic chips.
In industrial sector, it is expected that demand for neuromorphic
chip based intelligent sensors will increase significantly during
forecast period.
Based on function, the market is segregated into signal processing,
data processing, image recognition and others. Increasing demand for
artificial intelligence and rising application wise penetration of
miniaturization of neuromorphic chips is expected to drive the signal
processing market during the forecast period
On the basis of application, the neuromorphic chips market is
bifurcated into defense and aerospace, automotive, medical,
industrial and others. The industrial segment had the highest revenue
share in 2014 and it is expected that this segment will remain
dominant application vertical in 2023. Demand for artificial
intelligence and real time processing of data is set to positively
impact growth in usage of neuromorphic chips in industrial sector.
Based on geography, the neuromorphic chips market can be segregated
into four regions: North America, Europe, Asia-Pacific and Rest of
the World. The North America neuromorphic chip market held the
largest market share in 2014 and during the forecast period, this
region is expected to retain its leadership position. Growing demand
for neuromorphic chips in different industry verticals such as
medical, industrial and aerospace & defense is primarily driving
the demand in North America. Moreover, technological advancements in
terms of product innovations are also positively impacting the growth
of North American neuromorphic chip market. Moreover, rising industry
level applications of neuromorphic chips for Internet of Things (IoT)
technology is also driving the growth of the market in this region.
In Asia Pacific, during the forecast period, it is expected that
applications of neuromorphic chips in semiconductor & electronics
industry will increase significantly. As of 2015, due to lack of
infrastructure availability and lack of availability of technological
resources, the market for neuromorphic chip is in nascent phase in
rest of the world (ROW).
Analysis Report of Neuromorphic Chips; http://bit.ly/21jiutC
Major industry participants include. Intel Corp. (U.S), Qualcomm
Inc.(U.S), International Business Machine Corporation (U.S), General
Vision Inc.(U.S), Brain Corporation (U.S), HRL Laboratories LLC
(U.S), Vicarious FPC Inc.(U.S), Lockheed Martin Corporation (U.S),
Hewlett Packard Corp.(U.S) and Samsung Electronics Co. Ltd. (South
Korea) among others
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