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Published Date: 2016-02-26Number of Pages: 92

Neuromorphic Chip Market (By Function - Signal Processing, Data Processing, Image Recognition and Others, By Application - Defense and Aerospace, Automotive, Medical, Industrial and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

Neuromorphic chips are the electronic chips inspired from human brains that are made out of million of neurons. The system is amalgamation of numerous artificial neural network chips which is known as neuromorphic architecture. The neuromorphic computing is executed on hardware with the help of transistors, a threshold switches and oxide based memristors. Neuromorphic chips are the amalgamation of memristors and transistors deployed over a silicon fabrication chip, which assists to lessen memory consumption as it implements the data successively.

The increase in applications of neuromorphic chips is primarily driven due to the evolution in the field of miniaturization of Integrated circuits. The neuromorphic chips are small enough to get implemented in different end use products. In recent years, demand for miniaturization of electronic devices in aerospace and medical sectors has increased manifold. The neuromorphic chips need to be small enough so that it can be placed inside electronic devices and human body easily. Moreover, these chips are placed even in one single micron of space which drives the need of miniaturization of integrated circuits. Growing demand of artificial intelligence is also one of the major drivers of the neuromorphic chip market. The artificial intelligence can speed up data processing functions and efficiency in terms of performance of neuromorphic chips. Artificial intelligence is a machine learning technology that provides the computers with the skill to learn with partial programming. This involves the advancement of computer programs which are competent of updating themselves when exposed to simultaneous real time data sources.

Rising demand of sensors in different industry verticals such as health care, logistics, military and defense, and automobiles has indirectly expanded the scopes of application of neuromorphic chips. In industrial sector, it is expected that demand for neuromorphic chip based intelligent sensors will increase significantly during forecast period.

Based on function, the market is segregated into signal processing, data processing, image recognition and others. Increasing demand for artificial intelligence and rising application wise penetration of miniaturization of neuromorphic chips is expected to drive the signal processing market during the forecast period 

On the basis of application, the neuromorphic chips market is bifurcated into defense and aerospace, automotive, medical, industrial and others. The industrial segment had the highest revenue share in 2014 and it is expected that this segment will remain dominant application vertical in 2023. Demand for artificial intelligence and real time processing of data is set to positively impact growth in usage of neuromorphic chips in industrial sector.

Based on geography, the neuromorphic chips market can be segregated into four regions: North America, Europe, Asia-Pacific and Rest of the World. The North America neuromorphic chip market held the largest market share in 2014 and during the forecast period, this region is expected to retain its leadership position. Growing demand for neuromorphic chips in different industry verticals such as medical, industrial and aerospace & defense is primarily driving the demand in North America. Moreover, technological advancements in terms of product innovations are also positively impacting the growth of North American neuromorphic chip market. Moreover, rising industry level applications of neuromorphic chips for Internet of Things (IoT) technology is also driving the growth of the market in this region. In Asia Pacific, during the forecast period, it is expected that applications of neuromorphic chips in semiconductor & electronics industry will increase significantly. As of 2015, due to lack of infrastructure availability and lack of availability of technological resources, the market for neuromorphic chip is in nascent phase in rest of the world (ROW).

Major industry participants include. Intel Corp. (U.S), Qualcomm Inc.(U.S), International Business Machine Corporation (U.S), General Vision Inc.(U.S), Brain Corporation (U.S), HRL Laboratories LLC (U.S), Vicarious FPC Inc.(U.S), Lockheed Martin Corporation (U.S), Hewlett Packard Corp.(U.S) and Samsung Electronics Co. Ltd. (South Korea) among others.

 

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Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Key take away
1.4 Research Methodology

Chapter 2 Executive Summary

Chapter 3 Market Overview
3.1 Introduction
3.3 Neuromorphic Chip Market: Competitive landscape
3.4 Competitive Strategies Adopted by Major Players
3.5 Value Chain Analysis
3.6 Patent Analysis
3.7 Market Attractiveness Analysis

Chapter 4 Global Neuromorphic Chip Market Analysis, by Function
4.1 Overview
     4.1.1 By Function: Revenue Share, 2014 Vs 2023
     4.1.2 Market Drivers
     4.1.3 Market Restarints
     4.1.4 Market Opportunities
4.2 Signal Processing Neuromorphic Chip Market, Revenue Forecast (USD million), 2014 – 2023
4.3 Data Processing Neuromorphic Chip Market,Revenue Forecast (USD million), 2014 – 2023
4.4 Image Reconition Neuromorphic Chip Market,Revenue Forecast (USD million), 2014 – 2023  
4.5 Others Neuromorphic Chip  market, Revenue Forecast (USD million), 2014 – 2023 

Chapter 5 Global Neuromorphic Chip  Market: By Applications
5.1 Overview
     5.1.1 By Application: Revenue Share,2014 Vs 2023
     5.1.2 Market Drivers
     5.1.3 Market Restarints
     5.1.4 Market Opportunities
5.2 Defense and AerospaceSegment, 2014 – 2023, (USD million) 
5.3 Automotive Segment, 2014 – 2023, (USD million) 
5.4 Medical Segment, 2014 – 2023, (USD million) 
5.5 Industrial  Segment, 2014 – 2023, (USD million) 
5.6 Others, 2014 – 2023, (USD million)

Chapter 6 Global Neuromorphic Chip Market –By Region
6.1 Overview
     6.1.1 By Region: Revenue share, 2014 – 2023
6.2 North America Neuromorphic Chip Market, 2014 – 2023, (USD million) 
     6.2.1  North America Neuromorphic Chip Market, Revenue Forecast, By Function, 2014 – 2023, (USD million) 
     6.2.2 North America Neuromorphic Chip Market, Revenue Forecast, By Application, 2014 – 2023, (USD million) 
6.3 Europe Neuromorphic Chip Market, 2014 – 2023, (USD million)
     6.3.1 Europe Neuromorphic Chip Market, Revenue Forecast, By Function, 2014 – 2023, (USD million) 
     6.3.2 Europe Neuromorphic Chip Market, Revenue Forecast, By Application, 2014 – 2023, (USD million) 
6.4 Asia Pacific (APAC) Neuromorphic Chip Market,2014-2023, (USD million) 
     6.4.1 Asia Pacific Samrt Textile Market, Revenue Forecast, By Function, 2014 – 2023, (USD million) 
     6.4.2 Asia Pacific Neuromorphic Chip market, Revenue Forecast, By application, 2014 – 2023, (USD million) 
6.5 Rest of the World (RoW) Neuromorphic Chip Market, 2014-2023, (USD million) 
     6.5.1 Rest of the World Neuromorphic Chip Market, Revenue Forecast, By function, 2014 – 2023, (USD million) 
     6.5.2 Rest of the World Neuromorphic Chip Market, Revenue Forecast, By application, 2014 – 2023, (USD million) 

Chapter 7 Company Profiles
7.1 Intel Corp.
7.2 Qualcomm Inc.
7.3 International Business Machine Corporation
7.4 General Vision Inc. 
7.5 Brain Corporation 
7.6 HRL Laboratories LLC 
7.7 Vicarious FPC Inc.
7.8 Lockheed Martin Corporation
7.9 Hewlett Packard Corp.
7.10 Samsung Electronics Co. Ltd. 

List of Figures

FIG.1 Market Segmentation of Neuromorphic Chip
FIG.2 Market Share of Key Players 2014(%)
FIG.3 Global Neuromorphic Chip Market Revenue Share, Value Chain Analysis, 2014 Vs 2023
FIG.4 Patent Analysis
FIG.5 Market Attractiveness Analysis, by Application, 2014
FIG.6 By Function:Overview
FIG.7 By Function:Revenue Share
FIG.8 Global Signal Processing Market, 2014 – 2023, (USD million) 
FIG.9 Global Data Processing Market, 2014 – 2023, (USD million) 
FIG.10 Global Image Recognition Market, 2014 – 2023, (USD million) 
FIG.11 Global Others Market, 2014 – 2023, (USD million) 
FIG.12 By Application:Overview
FIG 13 By Application: Revenue Share
FIG.14 Global Defense and Aerospace Market, 2014 – 2023, (USD million) 
FIG 15 Global Automotive Market, 2014 – 2023, (USD million)
FIG 16 Global Medical Market, 2014 – 2023, (USD million)
FIG.17 Global Industrial Market, 2014 – 2023, (USD million) 
FIG.18 Global Others Market, 2014 – 2023, (USD million) 
FIG.19 By Region:Overview
FIG.20 By Region:Revenue Share
FIG.21 North America Neuromorphic Chip Market, 2014 – 2023, (USD million) 
FIG.22 Europe Neuromorphic Chip Market, 2014 – 2023, (USD million) 
FIG.23 Asia Pacific Neuromorphic Chip Market, 2014 – 2023, (USD million) 
FIG.24 Rest of the World Neuromorphic Chip Market, 2014 – 2023, (USD million) 
FIG.25 Intel Corp. Annual Revenue, 2012 – 2014 (USD billion) 
FIG.26 Qualcomm Inc. Annual Revenue 2013 – 2015, (USD billion) 
FIG.27 International Business Machine Corporation Annual Revenue 2012– 2014, (USD million) 
FIG.28 Lockheed Martin Corporation Annual Revenue 2012– 2014, (USD billion) .
FIG.29 Hewlett Packard Corp. Annual Revenue 2012– 2014, (USD billion) 
FIG.30 Samsung Electronics Co. Ltd. Annual Revenue 2012– 2014, (USD billion) 

List of Tables

TABLE 1 Snapshot: Global Neuromorphic Chip Market
TABLE 2 North America Neuromorphic Chip Market, Revnue Forecast, By Function,2014-2023
TABLE 3 North America Neuromorphic Chip Market, Revnue Forecast, By Application, 2014-2023 
TABLE 10 Europe Neuromorphic Chip Market, Revnue Forecast, By Function, 2014-2023
TABLE 11 Europe Neuromorphic Chip Market, Revnue Forecast, By Application, 2014-2023
TABLE 24 Asia Pacific Neuromorphic Chip Market, Revnue Forecast, By Function, 2014-2023
TABLE 25 Asia Pacific Neuromorphic Chip Market, Revnue Forecast, By Application, 2014-2023
TABLE 34 RoW Neuromorphic Chip Market, Revnue Forecast, By Function, 2014-2023
TABLE 35 RoW Neuromorphic Chip Market, Revnue Forecast, By Application, 2014-2023

The neuromorphic computing is executed on hardware by threshold switches, transistors and oxide based memristors. Neuromorphic chips are the amalgamation of memristors and transistors deployed over a silicon fabrication chip, which assists to lessen memory consumption in real time manner. Moreover, neuromorphic chips are the digital and analog very large scale integration (VLSI) system which performs as neural systems models. Implementation of neuromorphic chip is likely to increase scalability, performance and sensitivity of machines. 

The neuromorphic chip market is driven primarily due to the increasing demand of artificial intelligence. Artificial intelligence is a machine learning technology that provides the skill to machines to learn with partial programming. This involves the advancement of computer programs and machines which are competent enough to update themselves when being exposed to real time data. Moreover, an innovation in the field of miniaturization of integrated circuits has increased the scope of applications for neuromorphic chip. The neuromorphic chips are small and scalable enough to get easily implemented in different end use products. Rising demand of neuromorphic chip in the field of Internet of Things (IoT) technology is driving the growth of the market. The chips are likely being planted in large supercomputers to enhance the speed of machine learning along with some other neural network-based computations. 

Growth of neuromorphic chip market is hindered due to high cost associated in manufacturing of such chips. Manufacturer faces different tribulations in integrating biological synapses in to a minute hardware which requires just a single micron of space. Complexities in hardware designing are also major restraining factors in this market. The complicated neuromorphic synapses are difficult to implement in hardware. As of 2015, in developing countries, developments in the field of neuromorphic computing have negatively affected due to lack of availability of technological resources and lack of availability of competent infrastructure. 

Implementation of neuromorphic chips in diverse end use products of different industries including automotive, semiconductor & electronics and healthcare can be identified as future growth opportunity for the market. Neuromorphic chips have application level opportunities in industrial and service robotics. 

Based on function, the market is segregated into signal processing, data processing, image recognition and others. On the basis of application, the neuromorphic chips market is segmented into defense and aerospace, automotive, medical, industrial and others. On the basis of geography, the market report is segregated into North America, Europe, Asia Pacific and Rest of the World (RoW). The scope of the report offers an insight into neuromorphic chips market in these regions based on revenue (USD million). 

The competitive profiling of the key players in the global neuromorphic chips market across four broad geographic regions is included in the study. These include different business strategies adopted by the leading players and their recent developments as in the field of neuromorphic chips. The market attractive analysis of the major application areas has been provided in the report, in order to offer a deep insight of global neuromorphic chips market. 

A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the purview of the report. Market dynamics are the distinctive factors which impact the market growth, thereby helping to understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2015 to 2023, along with offering an inclusive study of the neuromorphic chips market. 

Major market players in this market are Intel Corp. (U.S), Qualcomm Inc.(U.S), International Business Machine Corporation (U.S), General Vision Inc.(U.S), Brain Corporation (U.S), HRL Laboratories LLC (U.S), Vicarious FPC Inc.(U.S), Lockheed Martin Corporation (U.S), Hewlett Packard Corp.(U.S) and Samsung Electronics Co. Ltd. (South Korea) among others. 

The Neuromorphic Chip market has been segmented as: 

Global Neuromorphic Chip Market: By Function

  • Signal processing
  • Data processing
  • Image recognition
  • Others

Global Neuromorphic Chip Market: By Application

  • Defense and Aerospace
  • Automotive
  • Medical
  • Industrial
  • Others

Global Neuromorphic Chip Market, by Geography:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World