According to a new market research report published by sheer analytics and insights, The Global Neuromorphic Computing Market will grow at 50.3% CAGR from 2020 to 2028, as per the latest market research report titled Global Neuromorphic Computing Market (By Offerings - Hardware, and Software. By Application - Signal Processing, Data Processing, Image Processing, Object Detection, and Others. By End-User - Consumer Electronics, Automotive, Healthcare, Military & Defense, and Others. By Geography - North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa) – Global industry analysis, size, share, growth, trends, and forecast, 2020-2028.
Neuromorphic computing is referred to as the use of large incorporation of systems comprising numerous analog circuits enabling the duplication of neuro-biological performances existing in a human’s nervous system. The neuromorphic computing system comprised of two dynamic systems based on customized hardware architecture. Such systems are constructed to program neural microcircuits by applying brain-like thought processes in cognitive computing and the machine learning process. This procedure empowers a machine to learn, adapt, and function like a human brain rather than just working as a simple computer. The Neuromorphic Computing Market is majorly driven by increasing demand for artificial intelligence and brain chips used in cognitive and brain robots. These robots have the capability to respond like a human brain. Numerous advanced embedded system providers are developing these brain chips with the help of the advancement of artificial intelligence (AI) and machine learning (ML) that acts as thinks and responds as the human brain. This increased demand for Neuromorphic chips and software for signal, data, and image processing in automotive, electronics, and the robotics verticals is projected to further fuel the market. The need for better performing ICs and rising demand for neuromorphic computing in video monitoring, machine vision, and voice identification is also projected to further accelerate the market growth over the forecast period. However, the absence of R&D and significant Investments for the development of Neuromorphic technology is restricting market growth to some extent. Apart from this, emerging applications pertaining to automation across multiple industry verticals projected to offer a lucrative opportunity for market growth during the forecast period from 2020 to 2028.
Geographically, The Neuromorphic Computing Market is divided into global regions like Europe, North America, Asia- Pacific, Latin America, Middle East, and Africa.
The primary key players in the Neuromorphic Computing Market include Hewlett-Packard, Samsung Electronics Co. Ltd., Intel Corporation, HRL Laboratories, Vicarious FPC, Inc., Numenta, Inc., CEA-Leti, IBM Corporation, Qualcomm Technologies Inc., BrainChip Holdings Ltd, General Vision Inc., Knowm Inc., and Applied Brain Research Inc.
The Global Neuromorphic Computing Market Has Been Segmented Into:
Global Neuromorphic Computing Market: By Offerings
Global Neuromorphic Computing Market: By Application
Global Neuromorphic Computing Market: By End-User
Global Neuromorphic Computing Market: By Region
The global Market Research Industry over a period of time has evolved from being a value proposition driven to become client oriented and output driven.
Sheer Analytics and Insights as a firm has been created to balance the client’s requirements without compromising the core values of Market research in –terms of quality, factual correctness, market awareness, and analysis. Sheer Analytics and Insights goes back to the root of Market Research in terms of TAM (Total Available Market) and PAM (Potential Available Market) and assess the same quantifying all Push and Pull factors.
We in our process provide balance client requirements with value research and create multiple delivery options in terms of products where the client can choose from our varied basket of off the shelf and custom deliverables.
Our products include quick turnaround datasets, TAM/PAM Analysis to full-fledged deep dive research on top trending markets.
Our Key Products
Syndicate Reports: Deep Dive research reports with cross-sectional analysis
Executive Edition: Short Deliverable report focusing on the Top market analysis
Custom Enquiry: Customized Client Reports created in as per client requirements
Passport reports: Database reports
TAM/PAM Analysis: Datasets along with crisp market insights
Sheer Analytics and Insights cover majorly eight industry verticals, including chemicals, life science, communications, electronics, materials, consumer goods, defense, and BFSI sector.
Copyright © 2020 Sheer Analytics and Insights
All Rights Reserved. This document contains highly confidential information and is the sole property of the Company. No part of it may be circulated, copied, quoted, or otherwise reproduced without the approval of the company.