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Neuromorphic Computing Market Analysis By Application (Signal Processing, Image Processing, Data Processing, Object Detection, and Others) By End-use (Consumer Electronics, Automotive, Healthcare, Military & Defense, and Others), Expected To Reach USD 6,4

Neuromorphic Computing Market Analysis By Application (Signal Processing, Image Processing, Data Processing, Object Detection, and Others) By End-use (Consumer Electronics, Automotive, Healthcare, Military & Defense, and Others), Expected To Reach USD 6,480.1 Million By 2024

The neuromorphic computing market size is expected to reach USD 6,480.1 million by 2024 according to a new study by Grand View Research, Inc.

The global neuromorphic computing market is expected to gain traction, owing to the rising demand for artificial intelligence. The prominent industry vendors are focusing on the development of neural processing units that can be incorporated into the processor chip for the reverse-engineering of the human brain.

The rising demand for cognitive and brain robots is projected to impel growth in the industry. Neuromorphic chips facilitate users with several benefits such as high-performance speed, cognitive computing, optimum usage of memory, and low power consumption. The escalated demand in diverse industrial verticals, including consumer electronics, automotive, and robotics is instrumental in keeping the industry prospects upbeat.

The rise in the demand for aerial surveillance and satellite imagery is impelling growth in the industry. The growth in the audio and signal processing application segments is further presumed to positively impact the industry.

The growing demand in end-use segments, such as the automotive and military & defense sectors, is creating new avenues for industry expansion. However, the vendors need to make substantial investments in the research and development activities of neuroscience and computing before foraying into the industry. Replicating the neural patterns on chips requires the use of complex algorithms, which makes the design process more intricate.

Further key findings from the study suggest:

The consumer electronics end-use segment dominated the global neuromorphic computing industry, accounting for over 62% of the market share in 2016. The emerging trend of using brain computers and smart consumer wearable devices is favorably impacting the industry growth.

The North American regional market accounted for 34% of the global revenue share in 2016. The strong presence of neuromorphic chip vendors in this region is expected to contribute to the industry growth in the region.

The signal processing application segment accounted for 30% of the global revenue share in 2016. The increasing demand for processing acoustic and audio signals is strengthening the demand for this segment.

The key industry participants include Brain Corporation (U.S.), CEA Leti (France), General Vision, Inc. (U.S.), Hewlett Packard (U.S.), HRL Laboratories LLC (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Knowm Inc. (U.S.), Numenta, Inc. (U.S.), Qualcomm Inc. (U.S.), and Vicarious FPC, Inc. (U.S.). Industry vendors are emphasizing on product development for new applications and forming technology alliances to gain a competitive edge in the industry.


Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Neuromorphic Computing - Industry snapshot & key buying criteria, 2016 - 2024
Chapter 3. Neuromorphic Computing Industry Outlook
3.1. Market segmentation
3.2. Market size and growth prospects
3.3. Neuromorphic computing value chain analysis
3.3.1. Vendor landscape
3.4. Neuromorphic computing market dynamics
3.4.1. Market driver analysis
3.4.1.1. Increasing demand for high-performance ICs
3.4.1.2. Growing demand for Artificial Intelligence (AI) based services
3.4.1.3. Radical shift from traditional ICs towards the neuron architecture
3.4.2. Market restraint analysis
3.4.2.1. Complex hardware and software
3.5. Key opportunities prioritized
3.6. Industry analysis - Porter's
3.7. Neuromorphic computing - Key competitor analysis, 2016
3.8. Neuromorphic computing market PESTEL analysis, 2016
Chapter 4. Neuromorphic Computing Application Outlook
4.1. Signal Processing
4.1.1. Global market estimates and forecasts, 2016 - 2024
4.2. Image Processing
4.2.1. Global market estimates and forecasts, 2016 - 2024
4.3. Data Processing
4.3.1. Global market estimates and forecasts, 2016 - 2024
4.4. Object Detection
4.4.1. Global market estimates and forecasts, 2016 - 2024
4.5. Others
4.5.1. Global market estimates and forecasts, 2016 - 2024
Chapter 5. Neuromorphic Computing End-use Outlook
5.1. Consumer Electronics
5.1.1. Global market estimates and forecasts, 2016 - 2024
5.2. Automotive
5.2.1. Global market estimates and forecasts, 2016 - 2024
5.3. Healthcare
5.3.1. Global market estimates and forecasts, 2016 - 2024
5.4. Military & Defense
5.4.1. Global market estimates and forecasts, 2016 - 2024
5.5. Others
5.5.1. Global market estimates and forecasts, 2016 - 2024
Chapter 6. Neuromorphic Computing Regional Outlook
6.1. North America
6.1.1. Neuromorphic computing market by application, 2016 - 2024
6.1.2. Neuromorphic computing market by end-use, 2016 - 2024
6.1.3. U.S.
6.1.3.1. Neuromorphic computing market by application, 2016 - 2024
6.1.3.2. Neuromorphic computing market by end-use, 2016 - 2024
6.1.4. Canada
6.1.4.1. Neuromorphic computing market by application, 2016 - 2024
6.1.4.2. Neuromorphic computing market by end-use, 2016 - 2024
6.1.5. Mexico
6.1.5.1. Neuromorphic computing market by application, 2016 - 2024
6.1.5.2. Neuromorphic computing market by end-use, 2016 - 2024
6.2. Europe
6.2.1. Neuromorphic computing market by application, 2016 - 2024
6.2.2. Neuromorphic computing market by end-use, 2016 - 2024
6.2.3. Germany
6.2.3.1. Neuromorphic computing market by application, 2016 - 2024
6.2.3.2. Neuromorphic computing market by end-use, 2016 - 2024
6.2.4. UK
6.2.4.1. Neuromorphic computing market by application, 2016 - 2024
6.2.4.2. Neuromorphic computing market by end-use, 2016 - 2024
6.2.5. France
6.2.5.1. Neuromorphic computing market by application, 2016 - 2024
6.2.5.2. Neuromorphic computing market by end-use, 2016 - 2024
6.3. Asia Pacific
6.3.1. Neuromorphic computing market by application, 2016 - 2024
6.3.2. Neuromorphic computing market by end-use, 2016 - 2024
6.3.3. China
6.3.3.1. Neuromorphic computing market by application, 2016 - 2024
6.3.3.2. Neuromorphic computing market by end-use, 2016 - 2024
6.3.4. Japan
6.3.4.1. Neuromorphic computing market by application, 2016 - 2024
6.3.4.2. Neuromorphic computing market by end-use, 2016 - 2024
6.3.5. India
6.3.5.1. Neuromorphic computing market by application, 2016 - 2024
6.3.5.2. Neuromorphic computing market by end-use, 2016 - 2024
6.4. South America
6.4.1. Neuromorphic computing market by application, 2016 - 2024
6.4.2. Neuromorphic computing market by end-use, 2016 - 2024
6.4.3. Brazil
6.4.3.1. Neuromorphic computing market by application, 2016 - 2024
6.4.3.2. Neuromorphic computing market by end-use, 2016 - 2024
6.5. Middle East and Africa
6.5.1. Neuromorphic computing market by application, 2016 - 2024
6.5.2. Neuromorphic computing market by end-use, 2016 - 2024
Chapter 7. Competitive Landscape
7.1. IBM Corporation (U.S.)
7.1.1. Revenue Analysis
7.1.2. Technology Benchmarking
7.1.3. Strategic Development
7.2. Hewlett Packard (U.S.)
7.2.1. Revenue Analysis
7.2.2. Technology Benchmarking
7.2.3. Strategic Development
7.3. Samsung Electronics Co. Ltd. (South Korea)
7.3.1. Revenue Analysis
7.3.2. Technology Benchmarking
7.3.3. Strategic Development
7.4. Intel Corporation (U.S.)
7.4.1. Revenue Analysis
7.4.2. Technology Benchmarking
7.4.3. Strategic Development
7.5. Qualcomm Inc. (U.S.)
7.5.1. Revenue Analysis
7.5.2. Technology Benchmarking
7.5.3. Strategic Development
7.6. Brain Corporation (U.S.)
7.6.1. Revenue Analysis
7.6.2. Technology Benchmarking
7.6.3. Strategic Development
7.7. General Vision Inc (U.S.)
7.7.1. Revenue Analysis
7.7.2. Technology Benchmarking
7.7.3. Strategic Development
7.8. HRL Laboratories (U.S.)
7.8.1. Revenue Analysis
7.8.2. Technology Benchmarking
7.8.3. Strategic Development
7.9. Vicarious (U.S.)
7.9.1. Revenue Analysis
7.9.2. Technology Benchmarking
7.9.3. Strategic Development
7.10. CEA-Leti (France)
7.10.1. Revenue Analysis
7.10.2. Technology Benchmarking
7.10.3. Strategic Development
7.11. Knowm Inc. (U.S.)
7.11.1. Revenue Analysis
7.11.2. Technology Benchmarking
7.11.3. Strategic Development
7.12. Numenta (U.S.)
7.12.1. Revenue Analysis
7.12.2. Technology Benchmarking
7.12.3. Strategic Development
List of Tables
1 Neuromorphic computing - Industry snapshot & key buying criteria, 2016 - 2024
2 Global neuromorphic computing market, 2016 - 2024 (USD Million)
3 Global market estimates and forecasts by region, 2016 - 2024 (USD Million)
4 Global market estimates and forecasts by application, 2016 - 2024 (USD Million)
5 Global market estimates and forecasts by end-use, 2016 - 2024 (USD Million)
7 Neuromorphic computing - Key market driver impact
8 Neuromorphic computing - Key market restraint impact
9 Key neuromorphic computing competitor market share analysis, 2016
List of Figures
FIG. 1 Neuromorphic computing market segmentation
FIG. 2 Neuromorphic computing market, 2016 - 2024 (USD Million)
FIG. 3 Neuromorphic computing value chain analysis
FIG. 4 Neuromorphic computing market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Neuromorphic computing - Porter’s analysis
FIG. 7 Neuromorphic computing - PESTEL analysis
FIG. 8 Neuromorphic computing market share by application, 2016 & 2024
FIG. 9 Neuromorphic computing market share by end-use, 2016 & 2024
FIG. 10 Neuromorphic computing market volume share by region, 2016 & 2024

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