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Neuromorphic Chip Market

Neuromorphic Chip Market Size, Share & Segment By Components (Software, Hardware) By Application (Signal Recognition, Image Recognition, Data Mining) By Vertical (Aerospace & Defense, Automotive, Industrial, IT & Telecom, Medical, Others), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/2354 | July 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Neuromorphic Chip Market Size was valued at USD 0.90 billion in 2021, and is expected to reach USD 1.95 billion by 2028, and grow at a CAGR of 11.8% over the forecast period 2022-2028.

The use of very-large-scale integration (VLSI) systems with electronic analogue circuits to simulate neuro-biological architectures found in the nervous system is referred to as neuromorphic engineering, also known as neuromorphic computing. This means that chips created with those technologies are intelligent and can simulate the human brain. The use of these chips not only increases the instrument's reliability but also its performance. These chips are responsible for the effectiveness of voice- and gesture-controlled devices. These chips' applications are not limited to one or two functions. This technology is expected to be used in high-tech robots, future car concepts, and other applications.

Neuromorphic Chip Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • It is usually focused on either fast computation or low power.

  • Better-performing integrated circuits, increased demand for artificial intelligence and machine learning, and an increase in the number of cross-industry alliances and collaborations.

RESTRAINTS:

  • lack of understanding about neuromorphic computing and sophisticated algorithms.

  • A major market issue could be matching a human's adaptability and ability to learn from unstructured stimulus data.

OPPORTUNITIES:

  • Adoption of speech or biometric recognitions.

CHALLENGES: 

  • This will be covered under the final version of the report.

IMPACT OF COVID-19: 

The COVID-19 epidemic has had an impact on the global neuromorphic computing market in a variety of verticals. Neuromorphic chips were first used in medical equipment in the year 2020. Watson, an analytical tool created by IBM Corp. (US), is designed to be linked with neuromorphic circuits and used for medical imaging analytics. Watson is a human-like analytical system. As a result, the medical industry's market is expected to grow. As a result of the pandemic, work from home (WFH) has become the new trend, increasing supply and demand for IT peripherals and propelling the neuromorphic computing market in the IT & telecommunications sector forward.

Based on Application, the neuromorphic chip market is segmented into Signal Recognition, Image Recognition and Data Mining. The chip is expected to help drivers make better decisions by providing data and information about their immediate surroundings using other technologies such as signal processing and so on. In the United States, the government is promoting research and development of advanced technologies that can replace or improve existing inefficient ones.

Based on Vertical, the neuromorphic chip market is segmented into Aerospace & Defense, Automotive, Industrial, IT & Telecom, Medical and Others.

COMPETITIVE LANDSCAPE:

The key players in the neuromorphic chip market are Hewlett Packard Enterprise, Intel Corp., Brain chip Holdings Ltd., IBM, Innatera, Koniku, Samsung Electronics Limited, General Vision Inc., Qualcomm, Nepes Corp. and Ceryx Medical.

MARKET SEGMENTS:

BY COMPONENTS

  • Software

  • Hardware

BY APPLICATION

  • Signal Recognition

  • Image Recognition

  • Data Mining

BY VERTICAL

  • Aerospace & Defense

  • Automotive

  • Industrial

  • It & Telecom

  • Medical

  • Others

Neuromorphic Chip Market Segment Pie Chart

REGIONAL ANALYSIS:

North America led the global market during the previous forecast period, and this trend is expected to continue during the forecast period. Over the forecast period, the Asia-Pacific region is expected to have the fastest growth in the Neuromorphic Chip Market. The adoption of neuromorphic computing for security purposes is expected to drive the growth of the Neuromorphic Chip Market in this region. North America is expected to hold the largest share of the global neuromorphic computing market, accounting for 44% of the total. The widespread understanding of the benefits of neuromorphic computing in industries such as aerospace, military & defence, and medical is a key driver of this region's dominance. The United States leads the industry in North America, having implemented artificial intelligence in industries such as medical and automotive for machine learning, natural language processing (NLP), image processing, and speech recognition. While APAC is expected to hold the second-largest share of 40% and grow at the fastest CAGR, China, Japan, and South Korea are the most likely APAC market contributors. China is the most important AI market in APAC, followed by Japan this makes China a promising market for neuromorphic computing in machine learning and natural language processing applications.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Neuromorphic Chip Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 894.4 Million
Market Size by 2028 US$ 1.9 Billion
CAGR CAGR of 11.8% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Components (Software, Hardware)
• By Application (Signal Recognition, Image Recognition, Data Mining)
• By Vertical (Aerospace & Defense, Automotive, Industrial, IT & Telecom, Medical, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Hewlett Packard Enterprise, Intel Corp., Brain chip Holdings Ltd., IBM, Innatera, Koniku, Samsung Electronics Limited, General Vision Inc., Qualcomm, Nepes Corp. and Ceryx Medical.
Key Drivers • It is usually focused on either fast computation or low power.
• Better-performing integrated circuits, increased demand for artificial intelligence and machine learning, and an increase in the number of cross-industry alliances and collaborations.
Restraints • lack of understanding about neuromorphic computing and sophisticated algorithms.
• A major market issue could be matching a human's adaptability and ability to learn from unstructured stimulus data.


Frequently Asked Questions (FAQ) :

The market value is expected to reach USD 1.9 billion by 2028.

The key players in the neuromorphic chip market are Hewlett Packard Enterprise, Intel Corp., Brain chip Holdings Ltd., IBM, Innatera, Koniku, Samsung Electronics Limited, General Vision Inc., Qualcomm, Nepes Corp. and Ceryx Medical.

Better-performing integrated circuits, increased demand for artificial intelligence and machine learning, and an increase in the number of cross-industry alliances and collaborations.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Neuromorphic Chip Market Segmentation, by components

8.1Introduction

8.2 Software

8.3 Hardware

 

9. Neuromorphic Chip Market Segmentation, by application

9.1Introduction

9.2 Signal Recognition

9.3 Image Recognition

9.4 Data Mining

 

10. Neuromorphic Chip Market Segmentation, by vertical

10.1 Introduction

10.2 Aerospace & Defense

10.3 Automotive

10.4 Industrial

10.5 It & Telecom

10.6 Medical

10.7 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12.Company Profiles

12.1 Brain chip Holdings Ltd.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Hewlett Packard Enterprise

12.3 Intel Corp.

12.4 IBM

12.5 Innatera

12.6 Koniku

12.7 Samsung Electronics Limited

12.8 General Vision Inc.

12.9 Qualcomm

12.10 Nepes Corp.

12.11 Ceryx Medical

 

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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