Neuromorphic Chip Market to witness Massive Growth by 2025- aiCTX AG,  BrainChip Holdings Ltd.,  General Vision Inc

Qualitative Analysis Of Neuromorphic Chip Market Revenue & Industry Analysis By 2025

The Neuromorphic Chip Market was valued at USD 111.04 million in 2019and is expected to reach USD 366.14 million by 2025, at a CAGR of 22% over the forecast period 2020- 2025.

Neuromorphic Chip market research report adoption is becoming very essential for the businesses as it supports with the better decision making and revenue generation. The Neuromorphic Chip market prioritizing market goals and profitable market business. Today’s businesses call for the highly focused and detail-oriented information about the Neuromorphic Chip Market so that they get a clear idea about the market landscape and gives businesses clear idea of what is already available, what the Neuromorphic Chip market expects, and what can be done to outshine the Neuromorphic Chip market competitors.

MarketInsightsReports’ started selling "Neuromorphic Chip Market Report " from October 10 2021. It also describes Neuromorphic Chip market player/manufacturers strategy in the light of Porters, Value Chain & SWOT analysis and based on that recommendation on players is derived like aiCTX AG,  BrainChip Holdings Ltd.,  General Vision Inc.,  Hewlett Packard Enterprise Development LP,  IBM Corporation,  Intel Corporation,  Qualcomm Technologies Inc.,  Samsung Electronics Co. Ltd. (Samsung Advanced Institute of Technology) and among other domestic and global players. 

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Neuromorphic Chip Market Scenario:

Neuromorphic Chip Market - Growth, Trends, and Forecast (2020 - 2025) Neuromorphic Chip market is expected to gain market growth in the forecast period of 2021 to 2027. According to MarketInsightsReports Research’ The Neuromorphic Chip Market was valued at USD 111.04 million in 2019and is expected to reach USD 366.14 million by 2025, at a CAGR of 22% over the forecast period 2020- 2025. The Asia-Pacific region has approximately 66.40% of the major share in 2019.Growing demand of the Neuromorphic Chip for industrial applications, industry will accelerate huge market growth especially in Neuromorphic Chip industry in terms of (Revenue USD), Market Drivers, and Market Restraints. Market report research and development activities, product launches in the Market helps to identify opportunities in market place.

Industry News and Updates On Neuromorphic Chip Market-

Currently, neuromorphic vendors aim to design advanced system-on-chip (SoC) that provide an interface between sensors and algorithms; which eventually results in optimally converted data spikes and spiking neural networks (SNNs). A product like Akida NSoC from BrainChip Holdings Ltd. has 1.2 million neurons and 10 billion synapses.

- Big chip players including Intel Corporation, Qualcomm Incorporated, BrainChip Holdings Ltd., HRL Laboratories LLC, IBM Corporation and many others are developing neuromorphic chips to cut short processing speed through self decision making abilities by the chips.

Key Market Trends On Neuromorphic Chip Market-

Automotive is the Fastest Growing Industry to Adapt Neuromorphic Chip

- Automotive industry is one of the fastest-growing industry for neuromorphic chips. All premium car makers are investing heavily to achieve L5 level of autonomous technology; which in turn is anticipated to generate huge demand for AI-powered neuromorphic chips.

- Due to the complexity of roadway data integration, cars automated systems need more AI than aircrafts. According to Victoria Transport Policy Institute, by 2030, 20%-40% of the automated vehicles will be available in moderate to premium price category, which means more volume of integrated neuromorphic chips will be sold by the AI chip manufacturers.

- Advanced driver assisted system (ADAS) and autonomous vehicle (AV) applications are the two primary areas where neuromorphic chip manufacturers are eyeing to enhance their market reach. Recently, in October 2017, BrainChip Holdings Ltd. supplied neuromorphic chip to one of the top automobile company in Germany to test their ADAS capability.

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Competitive Landscape On Neuromorphic Chip Market-

March 2019: Qualcomm launched a new system on chip (SoC) integrated with AI to enhance smart audio and IoT applications. This AI enabled SoC will provide seamless voice assistance and other connectivity applications through power-optimized chip architecture. This new product innovation is anticipated to augment the market growth for the neuromorphic chip market in the coming years.

- September 2017: Intels new self-learning chip promises to accelerate Artificial Intelligence. Intel introduced first-of-its-kind self-learning chip, codenamed Loihi. The Loihi research test chip includes digital circuits that mimic the brains basic mechanics, making machine learning faster and more efficient while requiring lower computing power.

Market Segmentation-

Market Trends-

Technological Upgradations in Neuromorphic Chip market manufacturing techniques.

Customized or Personalized Neuromorphic Chip Report According to Changing Consumer Preferences.

Adoption of Overview in Neuromorphic Chip

Market Drivers:

High Durability and Flexibility

Increasing Domestic as well as International Trades

Higher Incomes

Challenges:

Restriction Imposed by Governments Regarding Use of Particular Neuromorphic Chip

Increase in Global Neuromorphic Chip

Low-Profit Margin

Opportunities:

Introduction to Neuromorphic Chip

Minimize undesirable Environmental Effects

Regional Analysis On Neuromorphic Chip Market-

North America Expected to Hold Major Share over the Forecast Period

- North America is currently one of the major market share holder for neuromorphic chips with presence of top vendors in the U.S. 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, North America are set to boom over the forecast period.

COVID-19 Impact Analysis:

In this report, the pre- and post-COVID impact on the market growth and development is well depicted for better understanding of the Market based on the financial and industrial analysis. The COVID-19 pandemic has affected a number of market and Global Neuromorphic Chip Market is no exception. However, the dominating players of the Global Neuromorphic Chip Market are adamant to adopt new strategies and look for new funding resources to overcome the rising obstacles in the market growth.

Thinking One Step Ahead-

“Market Research Methodology - Perfected through Years of Diligence”

In today’s competitive world you need to think one step ahead to pursue your competitors, our research offers reviews about key players, major collaborations, union & acquisitions along with trending innovation and business policies to present a better understanding to drive the business in the correct direction.

In conclusion, the Neuromorphic Chip Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and Porters Five analysis is also incorporated in the report. We even do customized Reports for our customers; we can add the list of Manufactures or application type or product type that you need in the report.

Conclusively, this report will give you a pronounced perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.

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