Neuromorphic Processing Market Size Worth USD 11.29 Billion By 2027

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Neuromorphic Processing Market Size Worth USD
11.29 Billion By 2027
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The growth of the market is attributed to the
requirement of better performing ICs and increase
in demand for AI and machine learning
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Our Model
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
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Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Market Summary
The global Neuromorphic Processing Market is
projected to reach USD 11.29 billion by 2027,
according to a recent report by Emergen Research.
The primary factors driving the growth of the
market include expansion within the sensors
market increasing demand for AI and machine
learning faster adoption of software in
applications like continuous online learning,
predictive analysis, real-time data streaming and
data modelling requirement for efficient ICs
accelerating demand for neuromorphic processing
in applications like machine vision, video
monitoring and voice identification. The main
advantage of neuromorphic chips is that they can
process the knowledge faster than the regular
processors, which helps the defense industry in
processing battlefield data, including resource
and weapon management. The growing requirement
for testing and transmitting signals in this
industry is mainly driving the expansion of the
neuromorphic computing marketplace for the
aerospace and defense industry.
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Market Summary

• Some Key Highlights From the Report
• In July 2019, an 8 million-neuron neuromorphic
  system named Pohoiki Beach was launched by Intel
  Corporation. It has 64 Loihi research chips
  developed for the research community. Pohoiki
  Beach allows the researchers to experiment with
  brain-inspired research chip, Loihi in order to
  rescale the neural-inspired algorithms that
  comprises of sparse coding, path planning and
  simultaneous localization and mapping (SLAM).
• The signal recognition technology is being
  utilized across a wide range of applications, due
  to the rigorous advancements in computing power
  leading to the widespread adoption of mobile and
  cloud-based engineering, which makes it the
  fastest growing application for neuromorphic
  computing. Black lead which is expandable in
  nature is the most preferred flame agent. This is
  because any business considers this as an
  environmentally friendly answer to the matter.
• The market is highly consolidated, with the
  presence of the major traditional players who are
  investing heavily in research and development of
  neuromorphic processing. Moreover, the market
  being in its nascent stage, neuromorphic
  processing includes various stakeholders that
  include neuromorphic hardware chip manufacturers,
  educational institutions, research labs,
  technical experts and system companies. The
  stakeholders are currently collaborating with one
  another to enhance the performance of
  neuromorphic computing systems.
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Market Summary
For the purpose of this report, Emergen Research
has segmented into the global Neuromorphic
Processing Market on the applications, end user
and region Applications Outlook (Revenue, USD
Billion 2017-2027) Signal Processing Image
Processing Data Processing Object
Detection Others End User Outlook (Revenue, USD
Billion 2017-2027) Consumer Electronics Automotiv
e Healthcare Military and Defense Others Read
More_at_https //www.emergenresearch.com/industry-rep
ort/neuromorphic-processing-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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