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What's driving the Neuromorphic Chip Market Share? | Key Players are Intel Corporation, Qualcomm, IBM, General Vision, Inc., HRL Laboratories, LLC, HP & Samsung Electronics
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Neuromorphic computing is an amalgamation of Very-Large-Scale-Integrated (VLSI) systems and software. These chips are named as neuromorphic chips because they are modeled on biological brains and constructed out of millions of neurons.
The requirement for neuromorphic chip surges with the rising need for Internet of Things (IoT) and data analytics. The encouragement behind designing neuromorphic chips is to build a platform for executing large scale real-time simulations to benefit neuroscience research.
Scientists are using organic nano carriers to deliver chemotherapy drugs for treating brain tumors. Companies like IBM and Google are spending millions of dollars on artificial intelligence (AI) research. In robotics, researchers are examining autonomous robotic surgery.
Pattern recognition capability of neuromorphic chips can be applied to reform several industries, including consumer electronics, automotive, aerospace, military and financial services. Neuromorphic chips are capable to perform pattern recognition at greater speed with low power consumption.
The North American market for neuromorphic chips is expected to register the fastest growth compared to other regions over the forecast period, as companies like Qualcomm, IBM and Intel located in the U.S. are the major manufacturers of neuromorphic chips
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Some of the major players in the global neuromorphic chip market include Intel Corp., Qualcomm Inc., International Business Machine Corporation, General Vision Inc, Brain Corporation, HRL Laboratories LLC, Vicarious FPC Inc., Lockheed Martin Corporation, Hewlett Packard Corp. and Samsung Electronics Co. Ltd. among others.
Global Neuromorphic Chip Market
• By Offering
o Hardware
o Software
• By Application
o Image Recognition
o Signal Recognition
o Data Mining
• By Industry
o Aerospace & Defense
o Consumer Electronics
o Medical
o Automotive
o Industrial
o Others
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