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.
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.
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The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Neuromorphic Processing Market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
Key participants 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.
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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Regional Outlook of Neuromorphic Processing Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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Valuable Market Insights:
The report highlights the latest trends observed in the consumption pattern of each regional segment.
Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Neuromorphic Processing market.
The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.
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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