Neuromorphic Chip Market To Witness Astonishing Growth – 2027 | Key Players: Intel Corporation, SK Hynix, IBM Corporation, Samsung Electronics Co. Ltd.

The Neuromorphic Chip Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Neuromorphic Chip market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Neuromorphic Chip market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Neuromorphic Chip market.

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.

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Top Leading Companies of Neuromorphic Chip Market are - 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 and others.

Industry News and Updates:

- July 2020: A team of researchers at the National University of Singapore (NUS) developed an electronic skin system that could give robots and prosthetic devices a sense of touch in the future. Dubbed Asynchronous Coded Electronic Skin (Aces), the "e-skin" system comprises an artificial nervous system that analyses data transmitted from a network of independent sensors using the Intel Loihi neuromorphic chip. According to NUS, Acres can differentiate physical contact between different sensors in less than 60 nanoseconds the fastest ever achieved for an electronic skin technology even with large numbers of sensors.

- July 2019: Intel launched Pohoiki Beach, an eight million-neuron neuromorphic system comprising 64 Loihi chips. Intel designed Pohoiki Beach to facilitate research being performed by its researchers and those in partners such as IBM and HP and academic researchers at MIT, Purdue, Stanford, and elsewhere.

- July 2019: Intel launched an eight million-neuron neuromorphic system, comprising 64 Loihi research chips called Pohoiki Beach. This system has the potential benefits of a specialized architecture for emerging applications, like the internet of things (IoT) and autonomous devices, to support the computational problems. This development has opened opportunities required for Intel Labs to scale the architecture to 100 million neurons.

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

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.

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.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Neuromorphic Chip Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Neuromorphic Chip Market (%),2016 - 2026
- Neuromorphic Chip Market Share, By Brand
- Neuromorphic Chip Market Share, By Company
- Neuromorphic Chip Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Neuromorphic Chip Market Value Analysis & Forecast
- Promising Neuromorphic Chip Development by Major Companies
- Detailed Neuromorphic Chip Portfolio of the Major Companies
- Major Deals in the Neuromorphic Chip Market
- Major Companies Analysis

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