Future Outlook of Neuromorphic Chip Market Poised to Achieve CAGR of 27.16% by 2023 –Intel, HP, Qualcomm Technologies, IBM, Samsung, HRL Lab, General Vision, Lockheed Martin

Marketprognosis.com Publish a New Market Research Report On “Global Neuromorphic Chip Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Neuromorphic Chip Market:

The Global Neuromorphic Chip Market was estimated at USD 1.426 Billion in 2017. This market is expected to reach USD 6.03 Billion by the end of 2023, recording a CAGR of 27.16% during the forecast period (2018 - 2023).

Data analytics, internet of things, and smart sensors, are considered the parent markets for the Neuromorphic Chip Market, as these chips are embedded into hardware used for image recognition, data mining, etc. Yet, the growth of this market is not majorly impacted by the dynamics of its respective parent markets. The Global Neuromorphic Chip Market is experiencing high growth, due to the increasing demand for artificial intelligence (AI).

Get a Sample Copy of this Report @ https://www.marketprognosis.com/sample-request/16201 .

Consumer preference toward small-sized products has led to the demand for miniaturization of ICs, which has been driving the growth of the Global Neuromorphic Chip Market. With the advent of smart technologies, smart sensors are being used in many end-user industries, like automotive, electronics, and medical, thus lucratively increasing the demand for smarter technologies.

With Internet of Things’ and intelligent hardware systems developing at a rapid pace, intelligent devices are highly in demand in today's society, making consumer lives easier by adopting to those choices. The main potential application being brain computer interfaces, its other applications include intelligent hardware systems and robotics. The high demand for image recognition and data processing has resulted in the use of artificial intelligence and neural network-inspired chips (Neuromorphic chip) for faster processing than the existing traditional algorithms and GPUs. The industry, however, is running into an I/O bottleneck with the current systems for many intelligent-like applications. So for these apps, the industry hopes to develop a new class of neuromorphic systems and chips.

Purchase this report online with 136 Pages, Top Key Players Analysis and List of Tables & Figure @ https://www.marketprognosis.com/buyReport/16201 .

Regionally, North America is currently the second-largest market for Neuromorphic Chips, and held a market share of 20.55% in 2016. Latest technological breakthroughs have assisted the advancement of new X-ray tubes that can make the overall process more efficient and can significantly improve accuracy in various applications. There have been a series of new product launches, mergers, and acquisitions in North America to take the advantage of this opportunity. The major driver behind the investments has been the continuous evolution and application of new technologies to unlock enormous volumes that were previously considered non-commercial. With these series of investments, automotive, industrial, healthcare, and consumer electronics applications in North America are set to boom over the forecast period.

Major Key Players:

1 Intel Corporation

2 Qualcomm Technologies Inc.

3 IBM Corporatioon

4 Samsung Electronics Co. Ltd.

5 HRL Laboratories LLC

6 Hewlett Packard Enterprise Co.

7 General Vision Inc.

8 Lockheed Martin Corporation and More…………………

Any Query? Ask to our Expert @ https://www.marketprognosis.com/enquiry/16201 .

What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Neuromorphic Chip Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Market Insights

4 Market Dynamics

5 Global Neuromorphic Chip Market - Segmentation by Application

6 Global Neuromorphic Chip Market - Segmentation by End Users

7 Global Neuromorphic Chip Market - Segmentation by Geography

8 Competitive Intelligence - Company Profiles

9 Investment Analysis

10 Future of the Neuromorphic Chip Market

About us:

We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:

ProgMark Pvt. Ltd.
Thane – 421501
India.

sales@marketprognosis.com
+1 973 241 5193
https://www.marketprognosis.com

This release was published on openPR.