Neuromorphic Chip Market 2021 – 2027: Latest Trends, Demand and Advancement by Top Key Players- Intel Corporation, SK Hynix, IBM Corporation, Samsung Electronics Co. Ltd.

Neuromorphic Chip Market - Growth. Trends And Forecasts (2020-2025)

The report presents an in-depth assessment of the Neuromorphic Chip including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Neuromorphic Chip investments from 2020 till 2025.

The Neuromorphic Chip Market is valued at USD 1.952 Billion in 2020, and is expecetd to reach USD 7.388 Billion in 2026, registering a CAGR of 24.51% over the forecast period 2021 - 2026.

The Neuromorphic Chip market is highly competitive and consists of a number of major players: Intel Corporation, SK Hynix, IBM Corporation, Samsung Electronics Co. Ltd. (Samsung Advanced Institute of Technology), GrAI Matter Labs, Nepes Corporation, General Vision Inc., Gyrfalcon Technology Inc., BrainChip Holdings Ltd, Vicarious FPC Inc., aiCTX AG

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Scope of the Report                       

The neuromorphic vendors currently aim to design an advanced system-on-chips (SoC) that provide an interface between sensors and algorithms, which would eventually result in optimally converted data spikes and spiking neural networks (SNNs). Like 'Akida NSoC' from BrainChip Holdings Ltd, the Product consists of 1.2 million neurons and 10 billion synapses.

Key Market Trends

Automotive is the Fastest Growing Industry to Adapt Neuromorphic Chip

- The automotive industry is one of the fastest-growing industries for neuromorphic chips. All the premium car manufacturers are investing heavily to achieve L5 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 aircraft. According to the Victoria Transport Policy Institute, by 2030, 20-40% of the automated vehicles will be available in the moderate-to-premium price category, which indicates that more volume of integrated neuromorphic chips is likely to be sold by the AI chip manufacturers.
- The neuromorphic chip manufacturers are focusing on advanced driver assisted system (ADAS) and autonomous vehicle (AV) applications to enhance their market reach. Recently, in October 2017, BrainChip Holdings Ltd supplied neuromorphic chip to one of the top automobile companies in Germany, to test its ADAS capability.
- Intel's Loihi neuromorphic chip has 128 cores and 130,000 neurons. It's capable of crunching AI algorithms up to 1,000 faster and 10,000 times more efficiently than regular CPUs for use with autonomous driving, electronic robot skin, prosthetic limbs and more.

North American is Expected to Hold Major Share over the Forecast Period

- North America is currently one of the major market shareholders for neuromorphic chips with the presence of top vendors in the United States. The latest technological breakthroughs have assisted in the advancement of new x-ray tubes, which can make the overall process more efficient and significantly improve accuracy in various applications.
- There have been a series of new product launches, mergers, and acquisitions in North America to take 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, the North American region is likely to hold the major share of the market over the forecast period.
- The United States Air Force Research Lab (AFRL) in Rome, N.Y. is working to develop neuromorphic computing for possible fielding on a drone in the next five years. AFRL is looking to use artificial intelligence (AI) and machine learning (ML) to boost processing power and give military operators analytical results, not raw data, to speed wartime decision making..
- On July 19, 2020, AFRL and IBM officially unveiled Blue Raven, which was called "the world's largest neuromorphic digital synaptic supercomputer" by AFRL. In the present scenario, challenges exist in the mobile and autonomous realms due to the limiting factors of power, weight, and size of computing devices commonly referred to as SWaP. The experimental Blue Raven, with its end-to-end IBM TrueNorth ecosystem, is expected to aim to improve on the state-of-the-art by delivering the equivalent of 64 million neurons and 16 billion synapses of processing power while only consuming 40 watts equivalent to a household light bulb.
- February 2019, MIT researchers of the neuromorphic computing field designed a neuromorphic chip that works like the human brain. It consisting of artificial synapses made from silicon germanium, each synapse measuring about 25 nanometers across. In July 2019, the University of Michigan researchers configured memristors on a chip to enhance performance and lower energy consumption.

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What are the market factors that are explained in the report?

–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: Neuromorphic Chip Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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