Neuromorphic Computing Industry – Next Generation AI and Machine Learning

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The growth of the market is attributed to the requirement for higher performance integrated circuits and the increase in demand for AI and machine learning

VANCOUVER, BC, CANADA, April 13, 2022 / — The global computational neuroscience market is expected to reach $11.29 billion by 2027, according to a recent report from Emergen Research. Key market growth drivers include expansion in the sensor market; growing demand for AI and machine learning; faster adoption of software in applications such as continuous e-learning, predictive analytics, real-time data streaming, and data modeling; requirement for efficient integrated circuits; accelerating the demand for computational neuroscience in applications such as computer vision, video surveillance and voice identification.

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The main advantage of neuromorphic chips is that they can process knowledge faster than ordinary processors, which helps the defense industry to process battlefield data, including resource and weapon management. The growing need for testing and transmitting signals in this industry is mainly driving the expansion of the neuromorphic computing market for the aerospace and defense industry. Indeed, with the help of neuromorphic computing, the coding becomes secure, thus reducing the cyber threats while transmitting data from one end to the other. This is another determining factor in various industrial applications.

Competitive outlook:
The global computational neuroscience market is highly consolidated owing to the presence of a large number of companies in this industry. These companies are known to invest heavily in research and development projects. Moreover, they control a considerable portion of the overall market share, thus limiting the entry of new players into the industry. The global Computational Neuroscience market report studies the cautious tactics undertaken by major market players, such as partnerships and collaborations, mergers and acquisitions, new product launches, and joint ventures.

Some of the major players in this industry 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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Some highlights of 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 researchers to experiment with a brain-inspired research chip, Loihi, to scale neural-inspired algorithms that include sparse coding, path planning, and simultaneous localization and mapping (SLAM).
Signal recognition technology is used in a wide range of applications, due to rigorous advancements in computing power leading to the widespread adoption of mobile and cloud-based engineering, making it the application fastest growing for neuromorphic computing.
Black lead which is expandable in nature is the most preferred flame agent. Indeed, any business sees this as an eco-friendly answer to the question.
North America is certainly the largest and fastest growing market for computational neuroscience, mainly due to initiatives taken by large chip design companies like IBM Corporation (USA), General Vision (US) and Intel (US). These companies mainly develop the chips to integrate them into large-scale applications such as big data analytics, servers, and data centers, among others. The growing awareness about the benefits of neuromorphic computing in various industries such as aerospace and healthcare is fueling the growth of the North America market at a better rate compared to other regions analyzed.

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The report offers an accurate insight into the supply-demand ratio and production and consumption volume of each segment.
Application Outlook (Revenue, USD Billion; 2017-2027)
Signal processing
Image processing
Data processing
Object detection

End User Outlook (Revenue, USD Billion; 2017-2027)
Consumer electronics
Health care
Military and Defense

The Regional Landscape section of the Neuroscience Report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import / export and the presence of major players in each region.

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The different regions analyzed in the report include:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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