Photonic Neuromorphic Chips are the devices designed to mimic the human brain for processing and storage of information. Photonic Neuromorphic Chips belongs to a family of analog photonic devices which offers superior speed and re-configurability as compared to that of digital electronic devices which works on one-size-fits-all algorithms. This offers an excellent opportunity for the photonic neuromorphic chip manufactures to cater the requirements from the high performance computing applications. Though, due to the absence of a robust photonic integration industry and complex applications, the analogue photonic have not been fully explored for a long period, the advancements and achievements in economies of scale for mass production is expected to propel the adoption of photonic based devices in near future.

Market Dynamics: Global Photonic Neuromorphic Chip Market 

The photonic neuromorphic chip market is primarily driven by the increased demand for high speed computational devices with miniature physical footprint in major application industries which mainly includes IT and Telecommunication, Automotive and Healthcare. The adoption of Artificial Intelligence and Machine Learning technologies is escalating rapidly, which is accessed to be a prime factor supporting the growth of photonic neuromorphic chip market. Moreover, the as the photonic neuromorphic chip employs optical and neural technologies, it offers technical advantages over the digital electronic counterparts. Owing to these factors, expansion of photonic neuromorphic chip market is anticipated to boost-up during the forecast period.

Market Segmentation: Global Photonic Neuromorphic Chip Market 

The global photonic neuromorphic chip market has been segmented based on component, application, end use industry, and region. Based on component, the global photonic neuromorphic chip market can be classified into hardware components and software components. Based on applications, the photonic neuromorphic chip market can be segmented into digital signal processing, image processing, data processing, and others. Based on end use industry, the photonic neuromorphic chip market can be segmented into IT and telecommunication, automotive, aerospace and defense, consumer electronics, healthcare, and others. In terms of region, the global photonic neuromorphic chip market can be segregated into North America (the U.S., Canada and Rest of North America), Europe (the U.K., Germany, France, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Taiwan, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East and Africa), and South America (Brazil, and Rest of South America).

Preliminary Analysis 

North America is anticipated to contribute a significant share to the global photonic neuromorphic chip market due to the presence of leading photonic neuromorphic chip manufacturers, for instance International Business Machines Corporation, Intel Corporation, and  Hewlett Packard Enterprise in this region. The market in Asia Pacific is anticipated to expand at a rapid pace owing to increasing investments on photonic neuromorphic semiconductor products along with the expansion of application industry verticals such as consumer electronics, automotive, and IT and Telecommunication, in emerging economies such as India and China, in this region. Moreover, amongst the applications of photonic neuromorphic chip, the IT and Telecommunication segment is anticipated to dominate the market in terms of market size owing to increasing adoption of advanced silicon based analogue photonic architecture fueled by rising demand for high computing speed for data analytics and data management applications. Moreover, automotive applications are anticipated to witness significant growth owing to increasing deployment in autonomous vehicles.

Prominent Market Players 

Key players operating in the global photonic neuromorphic chip market include Advanced Semiconductor Engineering, Inc., Applied Brain Research, Inc., Brainchip Holdings Ltd., General Vision Inc., Hewlett Packard Enterprise, HRL Laboratories, LLC, Intel Corporation, International Business Machines Corporation, Qualcomm Inc., SAMSUNG Electronics and other similar players. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The report provides an in-depth analysis about the strategic business activities along with the market dynamics shaping the global photonic neuromorphic chip market over the period of study.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Photonic Neuromorphic Chip Market

Pre Book