Neuromorphic Chip Market, By Application (Image Recognition, Single Recognition, Data Mining, Other), By Vertical (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial, Other), By Region (North America, Latin America, Europe, Asia

Neuromorphic Chip Market, By Application (Image Recognition, Single Recognition, Data Mining, Other), By Vertical (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial, Other), By Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The neuromorphic chip is a new, miniaturized microchip that takes inspiration from the actual human mind to recreate its complex thought processing algorithms and information processing systems. The human mind processes information rapidly and stores it in memory with more than 100 billion synaptic neurons constantly communicating with each other through over 100 gigabytes of synapses, which constitute the connecting pathways. When information is retrieved by the brain, it only requires about 10ms to retrieve the data, a speedy process compared to the evolution of the Human Brain (which was found to be much slower than the previously believed, thinking machines, which had a much larger number of neurons). A neuromorphic chip made out of Nano photonics will allow scientists to control and manipulate matter at a molecular level. Scientists believe that they may be able to create computers that are as small as a single atom. In addition, this type of chip may also be used to control tissue in a non-invasive manner.
Market Drivers
Increasing demand for machine learning and artificial intelligence is expected to drive growth of the global neuromorphic chip market during the forecast period. Machine learning and artificial intelligence has been used in diverse range of end-use sectors and applications including automobile, healthcare, consumer service, disease mapping, social media monitoring, and etc. Neuromorphic computing is designed to emulate human brain capabilities, which in turn, has increased the importance of machine learning and artificial intelligence.
Moreover, cross-industry partnerships and collaborations is expected to accelerate growth of the global neuromorphic chip market growth over the forecast period.

Key features of the study:
This report provides in-depth analysis of the neuromorphic chip market, and provides market size (US$ Million and compound annual growth rate (22.3%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global neuromorphic chip market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include IBM Research, Inc., Knowm Inc., Intel Corp., BrainChip Holdings Ltd., General Vision Inc., HRL Laboratories, LLC, Qualcomm Technologies Inc., and Hewlett Packard Labs.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global neuromorphic chip market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global neuromorphic chip market
Detailed Segmentation:
Global Neuromorphic Chip Market, By Application
Image Recognition
Single Recognition
Data Mining
Other

Global Neuromorphic Chip Market, By Vertical
Aerospace & Defense
Automotive
Consumer Electronics
Healthcare
Industrial
Other
Global Neuromorphic Chip Market, By Region:
North America
By Application
Image Recognition
Single Recognition
Data Mining
Other
By Vertical
Aerospace & Defense
Automotive
Consumer Electronics
Healthcare
Industrial
Other
By Country
U.S
Canada
Asia Pacific
By Application
Image Recognition
Single Recognition
Data Mining
Other
By Vertical
Aerospace & Defense
Automotive
Consumer Electronics
Healthcare
Industrial
Other
By Country
China
India
Japan
Australia & New Zealand
South Korea
Rest of Asia Pacific
Europe
By Application
Image Recognition
Single Recognition
Data Mining
Other
By Vertical
Aerospace & Defense
Automotive
Consumer Electronics
Healthcare
Industrial
Other
By Country
Germany
Italy
U.K.
France
Spain
Russia
Rest of Europe
Latin America
By Application
Image Recognition
Single Recognition
Data Mining
Other
By Vertical
Aerospace & Defense
Automotive
Consumer Electronics
Healthcare
Industrial
Other
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Middle East & Africa
By Application
Image Recognition
Single Recognition
Data Mining
Other
By Vertical
Aerospace & Defense
Automotive
Consumer Electronics
Healthcare
Industrial
Other
By Country
GCC Countries
South Africa
Rest of Middle East and Africa
Company Profiles
IBM Research, Inc. *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Knowm Inc.
Intel Corp.
BrainChip Holdings Ltd.
General Vision Inc.
HRL Laboratories, LLC
Qualcomm Technologies Inc.
Hewlett Packard Labs.