Neural Processor Market Growth: Segmentation, Regional Breakdown, and Key Players Forecast | Google Inc., Intel corporation, Qualcomm Technologies, Inc

The Neural Processor Market study by DataM Intelligence offer an in-depth analysis of the market, presenting insightful observations, statistics, historical data, and industry-validated market insights. The report delves into the competitive positioning of key companies, examining factors such as product offerings, pricing strategies, financial health, product portfolios, growth initiatives, and geographical reach.

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What is the projected growth rate (CAGR) of the Global Neural Processor market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Neural Processor Market reached US$ 224.3 Million in 2023 and is expected to reach US$ 882.7 Million by 2031, growing with a CAGR of 18.8% during the forecast period 2024-2031.

A Neural Processor is a specialized microprocessor designed to handle artificial intelligence (AI) and machine learning (ML) tasks by simulating the functioning of neural networks. Unlike traditional CPUs and GPUs, neural processors are optimized for parallel processing and high-speed computation, making them highly efficient at performing tasks like image recognition, natural language processing, and pattern detection. These processors are commonly used in smartphones, autonomous vehicles, and data centers to accelerate AI applications, delivering faster and more energy-efficient processing for complex AI algorithms.

Key Developments:

On December 16, 2023, Intel launched its Core Ultra processors, the first consumer processors with dedicated Neural Processing Units (NPUs) for AI PCs, allowing on-device generative AI capabilities. In October 2023, Neurxcore introduced a new neural processor leveraging NVIDIA's research, offering substantial improvements in energy efficiency, performance, and features over the original NVIDIA model. In April 2022, Synopsys released the high-performance DesignWare ARC NPX6 NPU IP, featuring up to 96K MACs, enhanced sparsity functions, and scalable interconnects, achieving industry-leading 30 TOPS/Watt efficiency.

List of the Key Players in the Neural Processor Market:

Google Inc., Intel corporation, Qualcomm Technologies, Inc, BrainChip, Inc., NVIDIA Corporation, Graphcore, Hewlett Packard Enterprise Development LP, HRL Laboratories, LLC and Ceva, Inc.

Research Process:

Both primary and secondary data sources have been used in the global Neural Processor Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Segment Covered in the Neural Processor Market:

By Application: Fraud Detection, Hardware Diagnostics, Financial Forecasting, Image Optimization, Other

By End-User: BFSI, Healthcare, Retail, Defense Agencies, Logistics, Other

Regional Breakout:

The global Neural Processor Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

✫ North America (U.S., Canada, Mexico)

✫ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

✫ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

✫ South America (Colombia, Brazil, Argentina, Rest of South America)

✫ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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This Report Unveils:

✔ Go to Market Strategy- A roadmap to successfully product launch or service in the target market.

✔ Gain a clear picture of the market's health and growth trajectory through neutral analysis.

✔ Deep Market Insights delve into development trends, competitor landscape, supply and demand dynamics, brand share & pricing analysis year-over-year growth patterns, and key players' performance.

✔ Upon request, we can provide customized reports focusing on specific regions or countries, offering a granular view of their markets.

✔ Identify high-potential niche segments and regions poised for significant expansion.

✔ Analysis of Market Size (historical and forecast) Total Addressable Market (TAM), Serviceable Available Market (SAM), and Serviceable Obtainable Market (SOM) to understand the market's overall size and your achievable market share.

✔ Gain a comprehensive understanding of the competitive landscape, including market share distribution, key players (innovators, startups, laggards, and pioneers), and their respective strengths and weaknesses.

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

Chapter Outline:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc.), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: key insights, key emerging trends, etc.

Chapter 3: Manufacturers competitive analysis, detailed analysis of Neural Processor manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.

Chapter 5 & 6: Revenue of Neural Processor in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.

Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the Neural Processor market in different market segments.

Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the Neural Processor market in different downstream markets.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: The main points and conclusions of the report.

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Frequently Asked Questions

☞ What is the expected growth rate of the global Neural Processor market for the forecast period?

☞ What are the key driving factors that are responsible to shape the fate of the Neural Processor market during the forecast period?

☞ What will be the overall size of the market during the analysis period?

☞ What are the prominent market trends which influence the development of the Neural Processor market across various regions?

☞ Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?

☞ What are the challenges and threats that are likely to act as a barrier to the growth of the Neural Processor market?

☞ What are the major opportunities that the companies can get to attain success in the world?

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