Market Highlights
Neuromorphic engineering is an emerging interdisciplinary field that involves designing sophisticated devices based on complex neural circuits of the brain. It uses principles of the nervous system for engineering applications to achieve a better understanding of computations occurring in actual biological circuits and utilize their unique properties of to design and implement efficient engineering products.
The main factors, which has driven research and development of neuromorphic chips, are tremendous demand for data and data analytics, miniaturization of sensors, ingress of Artificial Intelligence into software of almost all intelligent machines and high cost of further miniaturization of integrated circuits.
One of the key areas where such systems would need break-through research would be in design of algorithms since biological systems autonomously process information through deep learning whereas any human designed chip or system would be limited by human designed algorithms. The applications areas currently comprise sensors in military as well as medical fields.
Key Players:
Some of the key players in the market are IBM Corp. (U.S.), Hewlett Packard Enterprise (U.S.), Samsung Group (South Korea), Intel Corp. (U.S.), HRL Laboratories, LLC (U.S.), General Vision Inc. (U.S.), Applied Brain Research Inc. (U.S.), and BrainChip Holdings Ltd. (U.S.) among others
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Industry Segments
The segmentation of the neuromorphic computing market is carried out on the basis of offering, application, end-user and region. On the basis of the offerings, the segment comprises of hardware and software. The wide range of applications of the neuromorphic computing market includes object detection, signal recognition, image recognition, data mining and many more. The regions included in the market are Asia Pacific, Europe, North America and rest of the world. The end-user segment of the market comprises of segments such as consumer electronics, automotive, defense, automotive, and healthcare.
Detailed Regional Analysis:
The region wise segmentation of the market observes that the North America region is controlling the neuromorphic computing market globally. The nations such as the U.S., and Canada have a major share in the neuromorphic computing market globally. The key market in the North American region which contributes to the global market growth is the image recognition industry. The mounting demand for automation in nations such as China, South Korea, Brazil, and India is prompting the market growth in the Asia Pacific region. The European market is also achieving momentum due to the upsurge of opportunities for neuromorphic projects.
Access Report More Details @ https://www.marketwatch.com/press-release/neuromorphic-computing-market-2018-global-trends-emerging-technologies-competitive-landscape-size-industry-growth-and-segments-by-forecast-to-2023-2018-08-30
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