Neuromorphic Chip Market Its Growth For Forecast Period 2015 2023

Posted by Dinesh on April 14th, 2021

Neuromorphic Chip Market: Snapshot

Neuromorphic chips are electronic chips that find application in plethora of end-use industries. While the structure of these chips is based on that of human brain, these chips work using signals received and sent via a network of millions of neurons. The neuromorphic chip market is predicted to witness stupendous growth avenues from healthcare sector. This growth is attributed to increased use of neuromorphic chips in personal sensing and drug delivery devices.

Medicine, automotive, industrial applications, defense, and aerospace are some of the important end-use industries of neuromorphic chips. Among all these sectors, industrial applications is one of the prominent sectors showing remarkable development avenues for vendors from the global neuromorphic chip market. One of the key reasons supporting this prominence is increased use of neuromorphic chips in gamut of applications such as machines, electronic devices, and automated industry controls. This scenario shows that the global neuromorphic chip market will witness upward graph of revenues in the years to come.

Get More Press Release by TMR:

Global Neuromorphic Chip Market: Snapshot

Demand for industrial equipment to act similar to human has picked up massive pace in recent years. This momentum is powered by arrival of advanced robotics and innovative machines that can outperform number of humans. This exceptional capability to act like human limbs is provided by neuromorphic chip installed in the devices. Owing to the growing demand for robots in industries the demand for these chips is also increasing, which is propelling the growth of global neuromorphic chip market during the tenure of 2015 to 2023.

For More Details, Request A Sample Report

  • The global neuromorphic chip market is majorly driven by growing industrialization across the globe. Various manufacturers are using advanced robots that works according to the neurological commands given by human brain. This is the major factor that propels the growth of global neuromorphic chip market during the estimated time frame of 2015 to 2023.

Global Neuromorphic Chip Market: Snapshot

Neuromorphic chips, the electronic chips inspired from the human brain, which works with the help of signals sent and received through a network of millions of neurons, are witnessing a significant rise in applications and expected to bring massive changes in the way machines operate. Encouraging advancements seen in the field of miniaturized integrated circuits and the increased use of such miniature electronic chips across sectors such as medical devices and aerospace are the key factors to have fuelled research and development activities in the neuromorphic chips market.

Global Neuromorphic Chip Market: Companies Profiled in the Report

Some of the key vendors operating in the global neuromorphic chip market are Qualcomm Inc., Brain Corporation, Intel Corp., Vicarious FPC Inc., International Business Machine Corporation, HRL Laboratories LLC, General Vision Inc., Hewlett Packard Corp., Lockheed Martin Corporation, and Samsung Electronics Co. Ltd.


Like it? Share it!


About the Author

Joined: March 15th, 2021
Articles Posted: 134

More by this author