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Neuromorphic Chips - Global Market Trajectory & Analytics

  • ID: 4805280
  • Report
  • July 2020
  • Region: Global
  • 118 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • BRAIN CORP.
  • GENERAL VISION
  • HRL LABORATORIES
  • IBM CORPORATION
  • INTEL CORPORATION
  • NEPES CORPORATI
  • MORE
Global Neuromorphic Chips Market to Reach US$10.4 Billion by the Year 2027

Amid the COVID-19 crisis, the global market for Neuromorphic Chips estimated at US$2.3 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2027, growing at a CAGR of 24.2% over the analysis period 2020-2027.Aerospace & Defense, one of the segments analyzed in the report, is projected to grow at a 27.7% CAGR to reach US$1.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Automotive & Transportation segment is readjusted to a revised 24.2% CAGR for the next 7-year period. This segment currently accounts for a 22.9% share of the global Neuromorphic Chips market.

The U. S. Accounts for Over 29.9% of Global Market Size in 2020, While China is Forecast to Grow at a 23.6% CAGR for the Period of 2020-2027

The Neuromorphic Chips market in the U. S. is estimated at US$682.1 Million in the year 2020. The country currently accounts for a 29.92% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$1.8 Billion in the year 2027 trailing a CAGR of 23.6% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.5% and 20.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 17% CAGR while Rest of European market (as defined in the study) will reach US$1.8 Billion by the year 2027.

Industrial Automation Segment Corners a 13.5% Share in 2020

In the global Industrial Automation segment, USA, Canada, Japan, China and Europe will drive the 25.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$246.1 Million in the year 2020 will reach a projected size of US$1.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2027.The publisher brings years of research experience to this 8th edition of our report. The 118-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others
  • Brain Corp.
  • General Vision
  • Hewlett Packard Enterprise Development LP (HPE)
  • Hrl Laboratories, LLC
  • IBM Corporation
  • Intel Corporation
  • Lockheed Martin Corporation
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Co., Ltd.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • BRAIN CORP.
  • GENERAL VISION
  • HRL LABORATORIES
  • IBM CORPORATION
  • INTEL CORPORATION
  • NEPES CORPORATI
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Neuromorphic Chip – A Prelude

Global Competitor Market Shares

Neuromorphic Chip Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

The End of Moore’s Law Paves Way for Adoption of Neuromorphic Computing: A Significant Growth Driver

Surge in Need for Better Performing ICs and Miniaturization of Devices Boosts Demand for Neuromorphic Chips

Neuromorphic Chips: Future of Artificial Intelligence and Machine Learning

Global Deep Learning Market: Revenues in US$ Billion for the Years 2018, 2020, 2022 and 2024

Increase in Demand for IoT-based Wearable Devices Fuels Market Growth

Global IoT Devices Market: Installed base in Billion Units for the Years 2019, 2021, 2023, 2025

Increasing Automation in Emerging Applications such as High-tech Robots and Autonomous Cars: Opportunity for Neuromorphic Chips Market

Increasing Importance of Neuromorphic Computing in Cyber Security Facilitates Market Growth

Challenges

Lack of R&D and Investments Slowing Down the Development of Real-World Applications

Complex Algorithms Increase the Complexity of Designing Hardware of Neuromorphic Chips

Innovations and Advancements

Product Overview

Neuromorphic Chip: Definition

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Neuromorphic Chips Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Neuromorphic Chips Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Aerospace & Defense (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 4: Aerospace & Defense (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 5: Automotive & Transportation (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
TABLE 6: Automotive & Transportation (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027
TABLE 7: Industrial Automation (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 8: Industrial Automation (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 9: Consumer Goods (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 10: Consumer Goods (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: Other End-Uses (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 12: Other End-Uses (End-Use) Distribution of Global Sales by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Neuromorphic Chip Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 13: United States Neuromorphic Chips Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027
TABLE 14: Neuromorphic Chips Market Share Breakdown in the United States by End-Use: 2020 VS 2027

CANADA

TABLE 15: Canadian Neuromorphic Chips Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 16: Canadian Neuromorphic Chips Market Share Analysis by End-Use: 2020 VS 2027

JAPAN

TABLE 17: Japanese Demand Estimates and Forecasts for Neuromorphic Chips in US$ Thousand by End-Use: 2020 to 2027
TABLE 18: Neuromorphic Chips Market Share Shift in Japan by End-Use: 2020 VS 2027

CHINA

TABLE 19: Chinese Demand for Neuromorphic Chips in US$ Thousand by End-Use: 2020 to 2027
TABLE 20: Chinese Neuromorphic Chips Market Share Breakdown by End-Use: 2020 VS 2027

EUROPE

Market Facts & Figures

European Neuromorphic Chip Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 21: European Neuromorphic Chips Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 22: European Neuromorphic Chips Market Share Shift by Region/Country: 2020 VS 2027
TABLE 23: European Neuromorphic Chips Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 24: European Neuromorphic Chips Market Share Analysis by End-Use: 2020 VS 2027

FRANCE

TABLE 25: Neuromorphic Chips Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027
TABLE 26: French Neuromorphic Chips Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027

GERMANY

TABLE 27: Neuromorphic Chips Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027
TABLE 28: Neuromorphic Chips Market Share Distribution in Germany by End-Use: 2020 VS 2027

ITALY

TABLE 29: Italian Demand for Neuromorphic Chips in US$ Thousand by End-Use: 2020 to 2027
TABLE 30: Italian Neuromorphic Chips Market Share Breakdown by End-Use: 2020 VS 2027

UNITED KINGDOM

TABLE 31: United Kingdom Demand Estimates and Forecasts for Neuromorphic Chips in US$ Thousand by End-Use: 2020 to 2027
TABLE 32: Neuromorphic Chips Market Share Shift in the United Kingdom by End-Use:2020 VS 2027

REST OF EUROPE

TABLE 33: Rest of Europe Neuromorphic Chips Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027
TABLE 34: Rest of Europe Neuromorphic Chips Market Share Analysis by End-Use: 2020 VS 2027

ASIA-PACIFIC

TABLE 35: Neuromorphic Chips Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027
TABLE 36: Asia-Pacific Neuromorphic Chips Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027

REST OF WORLD

TABLE 37: Rest of World Neuromorphic Chips Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027
TABLE 38: Rest of World Neuromorphic Chips Market Share Analysis by End-Use: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 46

Note: Product cover images may vary from those shown
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  • BRAIN CORP.
  • GENERAL VISION
  • HEWLETT-PACKARD ENTERPRISE
  • HRL LABORATORIES
  • IBM CORPORATION
  • INTEL CORPORATION
  • LOCKHEED MARTIN CORPORATION
  • QUALCOMM TECHNOLOGIES, INC.
  • SAMSUNG ELECTRONICS CO., LTD.
  • SK HYNIX, INC.
  • NEPES CORPORATI
Note: Product cover images may vary from those shown
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