Neuromorphic Chip Market was valued US$22.8 Mn by 2017 and is estimated to reach US$6156.3 Mn by 2026 at a CAGR of about 86.2%. Neuromorphic Chip market is to have Very-Large-Scale-Integrated (VLSI) systems and software for computing Neuromorphic amalgamation. Neuromorphic chips are modeled on biological brains and constructed out of millions of neurons. A need of neuromorphic chip rises in an Internet of Things (IoT) and data analytics. Thus the main motive for neuromorphic chips is to build a platform for executing large-scale real-time simulations to benefit neuroscience research. 
Based on offering type, Hardware and Software are segregated. Due to consumer inclination toward smaller and cheaper products leads to miniaturization of integrated circuits.
Thus software Neuromorphic Chip has the largest share in the forecasting period. Emergency smart technologies, smart sensors are being used in many industries including consumer electronics, healthcare and automotive. Nowadays complexity of hardware designing increases by miniaturization devices. .
Based on application Neuromorphic Chip market is sectionized into Image Recognition, Signal Recognition, and Data Mining. Neuromorphic chips are used in plethora areas which found in many sectors such as aerospace, automotive, industrial applications, medicine, and defense. Signal Recognition, the largest share segment adopts neuromorphic chips for electronic devices, automated industry controls, machines, and a wide range of other applications. Based on Industry Neuromorphic Chip market is sectionized into Aerospace & Defense, IT & Telecom, Automotive, and Medical & Industrial. Processing powers and inclusion of applications class of industrial products have significant benefit. Aerospace & Defense and Medical are expected to contribute the largest share in the forecasting period. Also, the industrial sector remains one of the key takers of neuromorphic chips and will be one of the chief influences on the overall development of the market.
Huge Neuromorphic Chip application is there across the field of medicine, with drug delivery and personal sensing devices being the key candidates for the experimentation. In terms of geography, Neuromorphic Chip market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Neuromorphic Chips market of North America have the largest share in the forecasting period due to neuromorphic chips.
Major Companies like IBM, Qualcomm, and Intel located in the U.S. are the major manufacturers of neuromorphic chips.according to 2016; North America is second-largest market for neuromorphic chips, an i.e. market share of around 21%. Some of the key players involved in the Neuromorphic Chip market are IBM Research, Inc., Intel Corp., General Vision Inc., Qualcomm Technologies Inc., and Hewlett Packard Labs. , HRL Laboratories, LLC, Brainchip Holdings Ltd., Know Inc., Samsung Electronics, HP Corporation, Lockheed Martin Corporation, Vicarious FPC Inc.
Scope of the Neuromorphic Chip Market:
Neuromorphic Chip Market by Offering Type:
• Hardware • Software
Neuromorphic Chip Market by Application Type:
• Image Recognition • Signal Recognition • Data Mining
Neuromorphic Chip Market by Industry Type:
• Aerospace & Defense • IT & Telecom • Automotive • Medical & Industrial
Neuromorphic Chip Market by Region:
• Asia Pacific • Europe • North America • Middle East & Africa • Latin America
Key Players Analyzed in the Neuromorphic Chip Market:
1. IBM Research, Inc. 2. Intel Corp. 3. General Vision Inc. 4. Qualcomm Technologies Inc. 5. Hewlett Packard Labs. 6. HRL Laboratories, 7. LLC 8. Brainchip Holdings Ltd. 9. Know Inc. 10. Samsung Electronics 11. HP Corporation 12. Lockheed Martin Corporation 13. Vicarious FPC Inc.
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