Neuromorphic Processing Market Emerging Growth, Share, Analysis, Trends and Forecasts Report 2027

Neuromorphic Processing Market

The Global Neuromorphic Processing Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Neuromorphic Processing market and its key elements. The Global Neuromorphic Processing Market Research Report added by Emergen Research to its expanding repository is an all-inclusive document containing insightful data about the Neuromorphic Processing market and its key elements. The global Neuromorphic Processing Market is projected to reach USD 11.29 billion by 2027, according to a recent report by Emergen Research. The primary factors driving the growth of the market include expansion within the sensors market; increasing demand for AI and machine learning; faster adoption of software in applications like continuous online learning, predictive analysis, real-time data streaming and data modelling; requirement for efficient ICs; accelerating demand for neuromorphic processing in applications like machine vision, video monitoring and voice identification.

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The main advantage of neuromorphic chips is that they can process the knowledge faster than the regular processors, which helps the defense industry in processing battlefield data, including resource and weapon management. The growing requirement for testing and transmitting signals in this industry is mainly driving the expansion of the neuromorphic computing marketplace for the aerospace and defense industry. This is because with the help of neuromorphic computing, coding becomes secure, thereby reducing cyber threats when transmitting data from one end to another. This is another major driving factor across various industry applications.

Some of the key participants in this industry include: IBM Corp., HP Corp., Samsung Electronics Ltd., Intel Corp., HRL Laboratories, LLC, General Vision Inc., Applied Brain Research, BrainChip Holdings Ltd. and General Vision Inc. among others.

Some Key Highlights from the Report

  • In July 2019, an 8 million-neuron neuromorphic system named Pohoiki Beach was launched by Intel Corporation. It has 64 Loihi research chips developed for the research community. Pohoiki Beach allows the researchers to experiment with brain-inspired research chip, Loihi in order to rescale the neural-inspired algorithms that comprises of sparse coding, path planning and simultaneous localization and mapping (SLAM).
  • The signal recognition technology is being utilized across a wide range of applications, due to the rigorous advancements in computing power leading to the widespread adoption of mobile and cloud-based engineering, which makes it the fastest growing application for neuromorphic computing. Black lead which is expandable in nature is the most preferred flame agent. This is because any business considers this as an environmentally friendly answer to the matter.
  • The market is highly consolidated, with the presence of the major traditional players who are investing heavily in research and development of neuromorphic processing. Moreover, the market being in its nascent stage, neuromorphic processing includes various stakeholders that include neuromorphic hardware chip manufacturers, educational institutions, research labs, technical experts and system companies. The stakeholders are currently collaborating with one another to enhance the performance of neuromorphic computing systems.

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North America is certainly the largest and fastest growing marketplace for neuromorphic processing mainly because of the initiatives taken by major chip designing companies like IBM Corporation (U.S.), General Vision (U.S.)  and Intel (U.S.). These companies primarily develop the chips to embed them for large-scale applications like large data analytics, servers and data centers among others. Growing awareness regarding benefits of neuromorphic computing in various industries like aerospace and healthcare is fueling the growth of the market in North America at a better rate compared to other analyzed regions.

For the purpose of this report, Emergen Research has segmented into the global Neuromorphic Processing Market on the applications, end user and region:

Applications Outlook (Revenue, USD Billion; 2017-2027)

  • Signal Processing
  • Image Processing
  • Data Processing
  • Object Detection
  • Others

End User Outlook (Revenue, USD Billion; 2017-2027)

  • Consumer Electronics
  • Automotive
  • Healthcare
  • Military and Defense
  • Others

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Regional Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

  North America

  1. U.S.
  2. Canada
  3. Mexico

  Europe

  1. UK
  2. Germany
  3. France
  4. BENELUX
  5. Rest of Europe

  Asia Pacific

  1. China
  2. Japan
  3. South Korea
  4. Rest of APAC

  Latin America

  1. Brazil
  2. Rest of LATAM

  MEA

  1. Saudi Arabia
  2. UAE
  3. Rest of MEA

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Key Questions Answered by the Report:

Which region is expected to dominate the market in the coming years?

What are the recent technological and product advancements occurring in the market?

What are the key strategies adopted by the prominent players in the Neuromorphic Processing market?

What are the key product types and applications of the Neuromorphic Processing industry?

What is the outcome of SWOT analysis and Porter’s Five Forces analysis?

How is the competitive landscape of the Neuromorphic Processing market?

Who are the key players in the industry?

What is the growth rate of the industry over the coming years?

What will be the valuation of the Neuromorphic Processing Market by 2027?

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About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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