Global Neuromorphic Chip Market to Expand at a Notable CAGR of 20.7% during the Forecast Period 2016-2026

To explore the global neuromorphic chip market, a new report has been added to the massive portfolio of Market Research Reports Search Engine (MRRSE). This report is titled “Neuromorphic Chip Market: Global Industry Analysis and Opportunity Assessment, 2016-2026” and provides details about the current market scenario, along with some of the expected changes in the market. It contains an all-inclusive analysis of the global neuromorphic chip market with a study of the regional markets and players.

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The global neuromorphic chip market is expected to witness an impressive CAGR of 20.7% within the forecast period (2016 – 2026). At this pace, the market is expected to reach a value of US$ 10,810 million by the end of 2026 from US$ 1,420 million in 2015. This report begins with an executive summary of the market, which provides a 360-degree view of the revenue forecast of the neuromorphic chip market. This is followed by the taxonomy section, where the global neuromorphic chip market is segmented on the basis of application, vertical and region. This report focusses on various developments that are likely to impact the global neuromorphic chip market. Moreover, it identifies various drivers, restraints and trends that are expected to shape the future of the global neuromorphic chip market.

The global neuromorphic chip market is segregated on key parameters for better analysis. On the basis of application, the market is divided into image recognition, signal recognition, data mining and others.  Based on verticals, the major market segments are aerospace & defence, automotive, consumer electronics, healthcare, industrial and others. Major geographic regions studied in the report are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East & Africa. Among these regions, North America neuromorphic chip market is projected to be the most attractive region in terms of revenue. The North American neuromorphic chip market was valued around US$ 400 million in 2015 and is likely to surpass US$ 2,700 million by 2026, expanding at a CAGR of 19.7% over the forecast period.

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The last section of the report gauges the investment policies and market strategies of some of the key shareholders operating in the global neuromorphic chip market. In this section, profiles of the major players are presented, along with a detailed analysis of their overall business performance and short-term and long-term strategies that are expected to influence the growth of the global neuromorphic chip market. Some of the key players are IBM Research, Inc., Intel Corp., General Vision Inc., Qualcomm Technologies Inc., Hewlett Packard Labs., HRL Laboratories, LLC., BrainChip Holdings Ltd. and Knowm Inc.

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This release was published on openPR.