Vancouver, BC -- (SBWIRE) -- 03/19/2021 -- 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. This is because with the help of neuromorphic computing, coding becomes secure, thereby reducing cyber threats when transmitting data from one end to another. This is another major driving factor across various industry applications.

Based on the types, the Neuromorphic Processing market has been further classified based on geography, application and consumption capability. On the basis of the product application, the industry is bifurcated taking into consideration those in demand and are an outcome of technology advancement. Region-wise, the performance of the industry along with the prominent vendors operating in the geography also illuminates stakeholders, business owners, and field marketing, executives. The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.

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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.
Key participants include IBM Corp., HP Corp., Samsung Electronics Ltd., Intel Corp., HRL Laboratories, LLC, General Vision Inc., Applied Brain Research, BrainChip Holdings Ltd. and General Vision Inc. among others.

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All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Neuromorphic Processing market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Neuromorphic Processing market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

Regional scope: - North America; Europe; Asia Pacific; Central & South America; MEA

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
Automotive
Healthcare
Military and Defense
Others

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Important the study on the Neuromorphic Processing market takes a closer look at the top market performers and monitors the strategies that have enabled them to occupy a strong foothold in the market. Performance of the product and services across different segments and geography are thoroughly assessed during the research. Apart from this, the research brings to light real-time data about opportunities that will completely transform the trajectory of the business environment in the coming years.

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Table of Content
Chapter 1. Neuromorphic Processing Market Methodology & Sources
1.1. Neuromorphic Processing Market Definition
1.2. Neuromorphic Processing Market Research Scope
1.3. Neuromorphic Processing Market Methodology
1.4. Neuromorphic Processing Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Neuromorphic Processing Market Key Insights
Chapter 4. Neuromorphic Processing Market Segmentation & Impact Analysis
Chapter 5. Neuromorphic Processing Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Neuromorphic Processing Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Neuromorphic Processing Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Neuromorphic Processing Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Neuromorphic Processing Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…