The growth of the market is attributed to the requirement of better performing ICs and increase in demand for AI and machine learnin
The report further analyzes the factors and initiatives contributing to the growth of the market. The study suggests that the leading companies are capitalizing on the opportunities emerging in the market and are expected to benefit from the options. The shift in consumer preferences and growing demand will contribute to the growth of the market.
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 research focuses on the changes and progress in the business context due to the recent COVID-19 pandemic. According to the research study, the expected growth of the Global Neuromorphic Processing market is estimated to reach USD 11.29 Billion by 2027, from its valuation of USD 2.60 Billion in 2019, at a CAGR of 20.1 % through the forecast period.
Key market players included in the study are:
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.
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.
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The study further explores and provides an in-depth analysis of current market dynamics and recent trends, focusing on various key factors and potential growth opportunities and risks. The report focuses on leading regions and their major countries to anticipate market growth in the forecast years. The major geographical regions included in the study are North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.
The complete regional analysis covers:
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Neuromorphic Processing Market
Chapter 5. Segmentation & Impact Analysis
5.1. Neuromorphic Processing Market Material Segmentation Analysis
5.2. Industrial Outlook
5.2.1. Market indicators analysis
5.2.2. Market drivers analysis
5.2.2.1. Growing demand for high performance ICs
5.2.2.2. Shift in consumer patterns from traditional ICs to neuron architecture
5.2.3. Market restraints analysis
5.2.3.1. Complexity surrounding hardware and software
5.3. Technological Insights
5.4. Regulatory Framework
5.5. Porter’s Five Forces Analysis
5.6. Competitive Metric Space Analysis
5.7. Price trend Analysis
5.8. Covid-19 Impact Analysis
Chapter 6. Neuromorphic Processing Market By Application Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
6.1. Application Dynamics & Market Share, 2019 & 2027
6.1.1. Signal Processing
6.1.2. Image Processing
6.1.3. Data Processing
6.1.4. Object Detection
6.1.5. Others
Continue…!
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