:NEUROMORPHIC CHIP MARKET - GROWTH, TRENDS, AND FORECAST (2019 -...

:NEUROMORPHIC CHIP MARKET - GROWTH, TRENDS, AND FORECAST (2019 - 2024)The Neuromorphic Chip Market is segmented by Application (Image Recognition, Signal Processing, and Data Processing), End Users (Aerospace & Defense, Automotive, Industrial Automation, and Healthcare), and Geography.
OverviewKeeping the pace of advancement of disruptive technologies such as Artificial Intelligence (AI) and Machine Learning (ML), various embedded system providers are keen to develop brain chips, where not only the chips will be processed fast, but will have also responses like human brains for those systems to think and act in a human way. Data analytics, internet of things, and smart sensors are considered as major applications for the neuromorphic chip market, as these chips are embedded into hardware used for image recognition, data mining, etc.Currently, neuromorphic vendors aim to design advanced system-on-chip (SoC) that provide an interface between sensors and algorithms; which eventually results in optimally converted data spikes and spiking neural networks (SNNs). A product like ‘Akida NSoC’ from BrainChip Holdings Ltd. has 1.2 million neurons and 10 billion synapses.Big chip players including Intel Corporation, Qualcomm Incorporated, BrainChip Holdings Ltd., HRL Laboratories LLC, IBM Corporation and many others are developing neuromorphic chips to cut short processing speed through self decision making abilities by the chips.

(Mordor Intelligence)