According to the report, Development of Artificial Intelligence, Robotics, Nano Technology and 3D printing is one of the primary growth factors for the market. Increasing Demand For Artificial Intelligence Based Microchips and Machine Learning
is also expected to contribute significantly to the Neuromorphic Chip market growth. Overall, Image Recognition
applications of Neuromorphic Chip, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The End-Users, such as Aerospace and Defense Industry, is boosting the Neuromorphic Chip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Offering, such as Hardware, is boosting the Neuromorphic Chip market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Neuromorphic Chip market identified that the demand is rising in many different parts of the world as "Rise in Number of End User Industries Implementing Neuromorphic Chips
". Furthermore, some recent industry insights like "In December 2018, Applied Brain Research Inc., a neuromorphic computing software released a benchmark showing ABR Nengo DL deep network on the Intel Loihi research Chip which is 38X more efficient than GPU for real-time data deep learning." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Neuromorphic Chip market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Neuromorphic Chip market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Neuromorphic Chip market size is calculated using market estimation process, the Neuromorphic Chip market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Neuromorphic Chip market size has been validated using both top-down and bottom-up approaches.