Global Neuromorphic Computing Market is valued USD 1.6 billion in 2016 is anticipated to grow USD 8.9 billion with the compounded annual growth of 21 % over the forecast period 2018-2025.
New York 14 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Neuromorphic Computing Market industry is poised to raise USD 8.9 billion by 2025. Modern day technologies such as artificial intelligence, industrial automation and machine learning techniques for robots have up surged the demand for enhanced computing capacities. Neuromorphic computing system is one of the most prominent techniques adopted across various industry verticals in order to carry out critical computing. Neuromorphic computing is a technique for mimicking methodology behavior of human brain neurons in the form of computer chips possessing capability of learning and solving cognitive problems. These computer systems have high computing capacities and prove relatively economical in terms of power consumption when compared to other computing techniques.
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Global Neuromorphic Computing Market Size study, by Application (Signal Processing, Image Processing, Data Processing, Object Detection), by End Use (Consumer Electronics, Automotive, Healthcare, Military & Defence) and by Regional Forecasts 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players IBM Corporation, Hewlett Packard, Samsung Electronics co Ltd., Intel Corporation, Qualcomm Inc., Brain Corporation, General Vision Inc., HRL Laboratories, Vicarious, CEA-Leti and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- North America is the largest and rapidly growing market for neuromorphic computing.
- The European region is anticipated to offer significant opportunities for industry expansion as significant investments are being made in neuromorphic projects and related R&D activities
Bizwit Research & Consulting LLP has considered following segments for the study:
- Signal Processing
- Image Processing
- Data Processing
- Object Detection
By End Use:
- Consumer Electronics
- Military & Defence
- North America
- Asia Pacific
- Latin America
- Rest of the World