Neuromorphic Chip Market Opportunity Analysis and Industry Forecast (2020- 2026)

Posted by Jordan Belford on January 20th, 2020

According to BlueWeave Consulting, the Global Neuromorphic Chip Market is expected to grow at a significant rate during the forecast period. The Global Neuromorphic Chip Market is projected to grow from the valuation of USD Million in the year 2019 to over USD 300 Million by the year 2026, by growing at a CAGR of 78.0% during the forecast period 2020- 2026. The market is growing due to several factors.

The expanding interest for the Internet of Things and Data Analytics is relied upon to drive the interest for neuromorphic chips over the globe. Increment in Artificial Intelligence innovation would likewise prompt more infiltration of the neuromorphic chip showcase. There lies an open door for this market to develop as it connects with wide end clients. With the developing force and venture on neuroscience inquire about by governments and scholarly establishments, its interest is going to increment.

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Global Neuromorphic Chip Market: Competitive Insight

The major players in the Global Neuromorphic Chip Market include prominent names like HRL Laboratories, LLC (U.S.), General Vision Inc. (U.S.), Applied Brain Research, Inc. (U.S.), and BrainChip Holdings Ltd. (U.S.). General Vision Inc., IBM Corp. (U.S.), HP Corp. (U.S.), Samsung Electronics Ltd. (South Korea), Intel Corp. (U.S.), among others. 

The automotive industry segment from the end-user section holds a major share in the Global Neuromorphic Chip Market during the forecast period  

The automotive industry is one of the quickest developing enterprises for neuromorphic chips. All the exceptional vehicle makers are contributing vigorously to accomplish L5 of self-ruling innovation; which, thus, is foreseen to produce gigantic interest for AI-controlled neuromorphic chips. Because of the multifaceted nature of roadway information joining, vehicles' mechanized frameworks need more AI than aircraft.

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The North American region holds a lion’s share in the Global Neuromorphic Chip Market during the forecast period

North America is the biggest market for Neuromorphic Chip in view of the nearness of effectively settled foundation. This is additionally in light of the fact that the guard and aviation parts making immense interest for these chips in this area. The most recent innovative leaps forward have aided the progression of new x-ray tubes, which can make the general procedure increasingly productive and essentially improve exactness in different applications. There has been a progression of new item dispatches, mergers, and acquisitions in North America to make the most of this chance. The significant driver behind the ventures has been the ceaseless advancement and use of new advances to open huge volumes that were recently considered non-business. With these arrangements of speculations, the North American area is probably going to hold a significant portion of the market over the forecast period.

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