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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

Global Neuromorphic Chip Market: Snapshot

Neuromorphic chips, the electronic chips inspired from the human brain, which works with the help of signals sent and received through a network of millions of neurons, are witnessing a significant rise in applications and expected to bring massive changes in the way machines operate. Encouraging advancements seen in the field of miniaturized integrated circuits and the increased use of such miniature electronic chips across sectors such as medical devices and aerospace are the key factors to have fuelled research and development activities in the neuromorphic chips market.

In the next few years, as neuromorphic chip technologies become more refined and the processing power of these chips increase gradually, their demand across the globe will rise at a significant pace. Transparency Market Research estimates that the global neuromorphic chip market will exhibit an impressive 19% CAGR over the period between 2015 and 2023, rising to a valuation of US$1,801.9 mn by 2023.

Applications across Industrial Sectors to Lead to Most Promising Returns on Investment

The plethora of areas where neuromorphic chips can be found useful span across sectors such as automotive, aerospace, medicine, industrial applications, and defense. Of these, the industrial sector is presently the most suited to adopt neuromorphic chips across electronic devices, machines, automated industry controls, and a wide range of other applications.

Electronic devices such as smartphones, laptops, and tablet computers, which are gaining an increasingly important role in the field of consumer electronics, represent a class of industrial products that can significantly benefit, in terms of processing powers and inclusion of applications, from neuromorphic chips. As a result, the industrial sector will remain one of the key takers of neuromorphic chips and will be one of the chief influences on the overall development of the market. The market will be also be influenced due to rising set of applications across the field of medicine, with drug delivery and personal sensing devices being the key candidates for experimentation.

North America to Continue to Command Leading Position in Global Neuromorphic Chip Market

On the basis of geography, the global neuromorphic chips market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, the North America neuromorphic chip market occupied the dominant share in the global market in 2014 and is expected to remain the dominant regional market over the period between 2015 and 2023 as well. The rising applicability of neuromorphic chips in several application sectors in the region will be the key factor driving the regional market.

Additionally, the regional market will also be driven by the encouraging pace of technological advancements in terms of product innovations. Moreover, rising industry-wide applications of neuromorphic chips for enabling Internet of Things (IoT) will also aid market's growth in North America.

Over the report's forecast period (2015-2023), the demand for neuromorphic chips across several applications in the semiconductor and electronics industries will significantly increase. Being one of the leading manufacturers of semiconductors and electronics and having a huge base of consumers, Asia Pacific will strengthen its position in the global market for neuromorphic chips.

Global Neuromorphic Chip Market: Companies Profiled in the Report

Some of the key vendors operating in the global neuromorphic chip market are Qualcomm Inc., Brain Corporation, Intel Corp., Vicarious FPC Inc., International Business Machine Corporation, HRL Laboratories LLC, General Vision Inc., Hewlett Packard Corp., Lockheed Martin Corporation, and Samsung Electronics Co. Ltd.

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


 
 
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