“Neuromorphic chips are the combination of transistors or memristors deployed over a silicon fabrication chip, which helps to reduce memory consumption as it executes the data sequentially which is faster and consumes less memory than parallel execution and also reduces the power consumption. Neuromorphic chips are designed in a manner in which the artificial neural network is made out of transistors and memristors, thereby replicating the human brain. The demand for neuromorphic chip arises with the growing demand for data analytics and Internet of Things.
The forecast of neuromorphic chip market is based on developments in the technology. For instance, Qualcomm Inc. (U.S.) is expected to commercialized its Snapdragon 820 that is equipped with neuromorphic capabilities that are developed by using its cognitive ‘Zeroth’ platform, furthermore, DARPA has invested USD 100 million in IBM Inc. (U.S.) and HRL Laboratories (U.S.) under SYNAPSE project to develop neuromorphic chips . The neuromorphic chip market is expected to grow at a CAGR of 26.31% between 2016 and 2022. The market is segmented on the basis of application segments into image recognition, speech recognition, and data mining. The image recognition segment is expected to be the largest contributor to the overall neuromorphic chip market, with a share of ~45.90% of the market in 2016. Geographically, Asia-Pacific is expected to have the largest market size, in terms of value, for the neuromorphic chip market. North America is expected to grow at the highest CAGR of 33.85% between 2016 and 2022.
The major driver for the neuromorphic chip is the miniaturization of integrated circuits which resulted into high transistor cost. Other drivers include adoption of neuromorphic chip include the growing demand for data analytics and the growing sensor market. Growth of artificial intelligence and machine learning also contributes to the growth of neuromorphic chip market.
This report describes the value chain of the neuromorphic chip market, taking into consideration all the major stakeholders in the market and their role analysis. The report also provides a detailed study based on the Porters’ Five Forces framework for the market. All the five major factors in this market have been quantified using the internal key parameters governing each of them. The report also includes the company profiles of the leading players in the neuromorphic chip industry along with their recent developments and other strategic business activities. The competitive landscape section of the report outlines the potential of the key companies in the neuromorphic chip market. Some of the key players in this market include Samsung Group (South Korea), IBM Corp. (U.S.), Intel Inc. (U.S.), Qualcomm Inc. (U.S.), Hewlett Packard Company (U.S.), and others.
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“TABLE OF CONTENTS
1 INTRODUCTION 12
1.1 OBJECTIVES OF STUDY 12
1.2 MARKET DEFINITION 12
1.3 STUDY SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEARS CONSIDERED FOR THE STUDY 13
1.3.3 CURRENCY 13
1.4 LIMITATIONS 14
1.5 STAKEHOLDERS 14
2 RESEARCH METHODOLOGY 15
2.1 INTRODUCTION 15
2.2 DEMAND SIDE ANALYSIS 16
2.2.1 OVERALL SENSOR REQUIREMENT IS EXPECTED TO RISE TO 1 TRILLION RISE BY 2022 17
2.2.2 GROWTH IN SMARTPHONE MARKET 17
2.2.3 RISE OF INTERNET OF THINGS CONCEPT 17
2.3 MARKET SIZE ESTIMATION 18
2.4 MARKET BREAKDOWN & DATA TRIANGULATION 20
2.5 MARKET SHARE ESTIMATION 20
2.5.1 KEY DATA POINTS TAKEN FROM SECONDARY SOURCES 20
2.5.2 KEY DATA POINTS FROM PRIMARY SOURCES 21
2.5.3 KEY INDUSTRY INSIGHTS 22
2.6 MARKET BREAKDOWN & DATA TRIANGULATION 23
2.6.1 ASSUMPTIONS 24
3 EXECUTIVE SUMMARY 25
4 COVER STORY 30
4.1 INTERVIEW WITH MR. PHILIPPE LAMBINET (CEO OF NEUROMEM INC.) 30
4.2 INTERVIEW WITH DR. MARCO BITETTO (INVENTOR OF THE NERVOTRON AND CTO
OF NERVOTRONICS CORPORATION) 33
5 PREMIUM INSIGHTS 34
5.1 GROWTH DRIVERS FOR NEUROMORPHIC CHIP MARKET 34
5.2 NEUROMORPHIC CHIP MARKET – COMPARISON OF GROWTH PATTERNS OF TOP 3 APPLICATION SEGMENTS 34
5.3 ASIA-PACIFIC NEUROMORPHIC CHIP MARKET 35
5.4 GEOGRAPHICAL SNAPSHOT OF THE NEUROMORPHIC CHIP MARKET 36
5.5 INDUSTRY SNAPSHOT FOR GLOBAL NEUROMORPHIC CHIP MARKET IN THE NEXT FIVE YEARS 37
5.6 IMAGE RECOGNITION & SIGNAL REOGNITION TO DRIVE THE NEUROMORPHIC CHIP MARKET BETWEEN 2016 AND 2022 37
6 MARKET OVERVIEW 38
6.1 INTRODUCTION 39
6.2 MARKET SEGMENTATION 41
6.2.1 BY APPLICATIOIN 41
6.2.2 BY END-USER INDUSTRY 41
6.3 MARKET DYNAMICS 42
6.3.1 DRIVERS 43
6.3.1.1 End of Moore’s law would lead to new ways of computation that are biologically inspired 43
6.3.1.2 Need for better performing ICs in terms of computation speed, power consumption, packaging density 44
6.3.1.3 Growth of artificial intelligence and machine learning 44
6.3.2 RESTRAINTS 45
6.3.2.1 Slow development of real world application due to lack of R&D and investment 45
6.3.2.2 Hardware complexity of designing neuromorphic chips based on complex algorithms 46
6.3.3 OPPORTUNITIES 47
6.3.3.1 Innovative applications in the area of automation 47
6.3.3.2 Help understand the operation of human brain 47
6.3.4 CHALLENGES 48
6.3.4.1 Software compatibility of neural hardware 48
7 INDUSTRY TERNDS 49
7.1 INTRODUCTION 49
7.2 VALUE CHAIN ANALYSIS 49
7.3 SUPPLY CHAIN ANALYSIS 50
8 GLOBAL NEUROMORPHIC CHIP MARKET, BY APPLICATION 52
8.1 INTRODUCTION 53
8.2 IMAGE RECOGNITION 54
8.3 SIGNAL RECOGNITION 57
8.4 DATA MINIING 59
9 GLOBAL NEUROMORPHIC CHIP MARKET, BY END-USER INDUSTRY 62
9.1 INTRODUCTION 63
9.2 AEROSPACE, MILITARY & DEFENSE SECTOR 66
9.3 AUTOMOTIVE INDUSTRY 69
9.4 MEDICAL INDUSTRY 71
9.5 CONSUMER SECTOR 74
9.6 INDUSTRIAL 77
9.7 OTHERS 79
10 GLOBAL NEUROMORPHIC CHIP MARKET, BY GEOGRAPHY 83
10.1 INTRODUCTION 84
10.2 NORTH AMERICA 87
10.3 EUROPE 89
10.4 ASIA-PACIFIC 90
10.5 ROW 93
11 COMPETITIVE LANDSCAPE 95
11.1 OVERVIEW 95
11.2 RANKING ANALYSIS, NEUROMORPHIC CHIP MARKET IN 2015 96
11.3 SIGNIFICANT DEVELOPMENTS IN THE NEUROMORPHIC CHIP MARKET 98
12 COMPANY PROFILES 99
(Overview, Products and Services, Financials, Strategy & Development)*
12.1 INTERNATIONAL BUSINESS MACHINE CORPORATION 99
12.2 HEWLETT PACKARD CORP. 102
12.3 SAMSUNG GROUP. 105
12.4 INTEL CORP. 108
12.5 QUALCOMM INC. 111
12.6 BRAIN CORPORATION 114
12.7 HRL LABORATORIES, LLC 115
12.8 GENERAL VISION INC. 117
*Details on Overview, Products and Services, Financials, Strategy & Development might not be Captured in case of Unlisted Companies
13 APPENDIX 118
13.2 DISCUSSION GUIDE 119
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 121
13.4 AVAILABLE CUSTOMIZATIONS 122
13.5 RELATED REPORTS 123
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“LIST OF TABLES
TABLE 1 DEMAND FOR HIGH PERFORMANCE INTEGRATED CIRCUITS AND PATTERN RECOGNITION ABILITIES ARE EXPECTED TO PROPEL THE GROWTH OF NEUROMORPHIC CHIPS 45
TABLE 2 FURTHER R&D INVESTMENT AND HARDWARE COMPLEXITY IN LEARNING COMPLEX ALGORITHMS WOULD RESTRICT DEVELOPMENT OF NEUROMORPHIC CHIPS 46
TABLE 3 POSSIBILITY OF INNOVATIVE APPLICATIONS AND QUEST TO REVERSE-ENGINEER THE HUMAN BRAIN ARE GENERATING NEW OPPORTUNITIES FOR NEUROMORPHIC CHIPS MARKET 47
TABLE 4 SOFTWARE COMAPRISON : CONVENTIONAL WITH NEUROMORPHIC CHIPS 48
TABLE 5 SOFTWARE COMPATIBILITY OF NEUROMORPHIC HARDWARE IS THE BIGGEST CHALLENGE FOR NEUROMORPHC CHIPS MARKET 48
TABLE 6 NEUROMORPHIC CHIP MARKET, BY APPLICATION, 2016–2022 (USD MILLION) 54
TABLE 7 IMAGE RECOGNITION MARKET, BY SUBAPPLICATION, 2016–2022 (USD MILLION) 55
TABLE 8 IMAGE RECOGNITION MARKET, BY END-USER INDUSTRY,
2016–2022 (USD MILLION) 56
TABLE 9 IMAGE RECOGNITION MARKET, BY GEOGRAPHY, 2016–2022 (USD MILLION) 56
TABLE 10 SIGNAL PROCESSING MARKET, BY SUBAPPLICATION, 2016–2022 (USD MILLION) 58
TABLE 11 SIGNAL PROCESSING MARKET, BY END-USER INDUSTRY,
2016–2022 (USD MILLION) 58
TABLE 12 SIGNAL PROCESSING MARKET, BY GEOGRAPHY, 2016–2022 (USD MILLION) 59
TABLE 13 DATA MINING MARKET, BY SUBAPPLICATION, 2016–2022 (USD MILLION) 60
TABLE 14 DATA MINING MARKET, BY END-USER INDUSTRY, 2016–2022 (USD MILLION) 61
TABLE 15 DATA MINING MARKET, BY GEOGRAPHY, 2016–2022 (USD MILLION) 61
TABLE 16 NEUROMORPHIC CHIP MARKET, BY END-USER INDUSTRY,
2016–2022 (USD MILLION) 65
TABLE 17 AEROSPACE , MILITARY & DEFENSE INDUSTRY: NEUROMORPHICHCIP MARKET SIZE, 2016–2022 (USD MILLION) 67
TABLE 18 AEROSPACE, MILITARY & DEFENSE SECTOR: NEUROMORPHIC CHIP MARKET SIZE, BY GEOGRAPHY, 2016–2022 (USD MILLION) 68
TABLE 19 AUTOMOTIVE INDUSTRY: NEUROMORPHIC CHIP MARKET SIZE,
2016–2022 (USD MILLION) 70
TABLE 20 AUTOMOTIVE INDUSTRY : NEUROMORPHIC CHIP MARKET SIZE, BY GEOGRAPHY, 2016–2022 (USD MILLION) 71
TABLE 21 MEDICAL INDUSTRY: NEUROMORPHIC CHIP MARKET SIZE,
2018–2022 (USD MILLION) 72
TABLE 22 MEDICAL INDUSTRY: NEUROMORPHIC CHIP MARKET SIZE, BY GEOGRAPHY,
2016–2022 (USD MILLION) 73
TABLE 23 CONSUMER INDUSTRY: NEUROMORPHIC CHIP MARKET SIZE,
2016–2022 (USD MILLION) 75
TABLE 24 CONSUMER INDUSTRY: NEUROMORPHIC CHIP MARKET SIZE, BY GEOGRAPHY, 2016–2022 (USD MILLION) 76
TABLE 25 INDUSTRIAL: NEUROMORPHIC CHIP MARKET SIZE, 2016-2022 (USD MILLION) 78
TABLE 26 INDUSTRIAL: NEUROMORPHIC CHIP MARKET SIZE, BY GEOGRAPHY,
2016–2022 (USD MILLION) 79
TABLE 27 OTHER INDUSTRIES: NEUROMORPHIC CHIP MARKET SIZE,
2016–2022 (USD MILLION) 80
TABLE 28 OTHER INDUSTRIES: NEUROMORPHIC CHIP MARKET SIZE, BY GEOGRAPHY,
2016-2022 (USD MILLION) 81
TABLE 29 GLOBAL NEUROMORPHIC CHIPMARKET, BY REGION, 2016–2022 (USD MILLION) 86
TABLE 30 NORTH AMERICA NEUROMORPHIC CHIP MARKET, BY END-USER INDUSTRY,
2016–2022 (USD MILLION) 88
TABLE 31 NORTH AMERICA NEUROMORPHIC CHIP MARKET, BY COUNTRY,
2016–2022 (USD MILLION) 88
TABLE 32 EUROPE NEUROMORPHIC CHIP MARKET, BY END-USER INDUSTRY,
2016–2022 (USD MILLION) 89
TABLE 33 EUROPE NEUROMORPHIC CHIP MARKET, BY COUNTRY,
2016–2022 (USD MILLION) 90
TABLE 34 ASIA-PACIFIC NEUROMORPHIC CHIPMARKET, BY END-USER INDUSTRY,
2016–2022 (USD MILLION) 92
TABLE 35 ASIA-PACIFIC NEUROMORPHIC CHIPMARKET, BY COUNTRY,
2016–2022 (USD MILLION) 93
TABLE 36 ROW NEUROMORPHIC CHIP MARKET, BY END-USER INDUSTRY,
2016–2022 (USD MILLION) 94
TABLE 37 ROW NEUROMORPHIC CHIPMARKET, BY COUNTRY, 2016–2022 (USD MILLION) 94
TABLE 38 QUALCOMM AND IBM ARE EXPECTED TO LEAD THE NEUROMORPHIC CHIP MARKET IN 2015 96
TABLE 39 SIGNIFICANT DEVELOPMENTS 98
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“LIST OF FIGURES
FIGURE 1 MARKETS COVERED 13
FIGURE 2 RESEARCH DESIGN 15
FIGURE 3 RESEARCH METHODOLOGY 18
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 19
FIGURE 5 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION,
& REGION 19
FIGURE 6 MARKET BREAKDOWN AND DATA TRIANGULATION 23
FIGURE 7 IMAGE RECOGNITION IS EXPECTED TO DOMINATE THE OVERALL MARKET DURING THE FORECAST PERIOD 26
FIGURE 8 CONSUMER INDUSTRY IS EXPECTED TO LEAD THE OVERALL NEUROMORPHIC CHIP MARKET 27
FIGURE 9 GLOBAL NEUROMORPHIC CHIPS MARKET, BY REGION, 2018 29
FIGURE 10 CONSUMER INDUSTRY IS EXPECTED TO DRIVE THE NEUROMROPHIC CHIP MARKET 34
FIGURE 11 IMAGE RECOGNITION TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD 34
FIGURE 12 CHINA IS EXPECTED TO HOLD THE LARGEST SHARE IN THE ASIA-PACIFIC NEUROMORPHIC CHIP MARKET IN 2018 35
FIGURE 13 NORTH AMERICAN NEUROMORPHIC CHIP MARKET TO GROW AT THE HIGHEST CAGR BETWEEN 2016 AND 2022 36
FIGURE 14 CONSUMER INDUSTRY ARE EXPECTED TO DOMINATE THE NEUROMORPHIC CHIP MARKET BETWEEN 2016 AND 2022 37
FIGURE 15 IMAGE RECOGNITION APPLICATION HAS A PROMISING FUTURE 37
FIGURE 16 ARCHITECTURAL DIFFERENCE: VON NEUMANN VS. NEURAL NETWORK 39
FIGURE 17 BIOLOGICAL INSPIRATION OF NEUROMORPHIC DESIGN BY CARVER MEAD IN 1990 40
FIGURE 18 SEGMENTATION: BY APPLICATION 41
FIGURE 19 SEGMENTATION: BY END-USER INDUSTRY 41
FIGURE 20 DRIVE FOR REDUCTION IN MANUFACTURING AND PROCESS COSTS WOULD LEAD TO NEW GROWTH OPPORTUNITIES 42
FIGURE 21 COST PER TRANSISTOR FOR A SINGLE IC CHIP IS RISING AFTER THE LAUNCH OF 28NM SEMICONDUCTOR DEVICE FABRICATION TECHNOLOGY 43
FIGURE 22 POTENTIAL VALUE CHAIN MAPPING (2016): MAJOR VALUE IS ADDED DURING THE PRODUCT DEFINITION AND DESIGN PHASES 49
FIGURE 23 POTENTIAL SUPPLY CHAIN OF NEUROMORPHIC CHIP MARKET 51
FIGURE 24 GROWING SENSOR MARKET AND INCREASING INTERNET OF THINGS 51
FIGURE 25 IMAGE RECOGNITION SUBAPPLICATION EXPECTED TO HOLD THE LARGEST MARKET SHARE BETWEEN 2016 AND 2022 53
FIGURE 26 THE VIDEO MONITORING SUBAPPLICATION OF IMAGE RECOGNITION APPLICATION EXPECTED TO HOLD THE HIGHEST SHARE BETWEEN 2016 AND 2022 55
FIGURE 27 THE VOICE IDENTIFICATION SEGMENT IN THE MARKET FOR SIGNAL RECOGNITION APPLICATION EXPECTED TO HOLD THE HIGHEST SHARE BETWEEN
2016 AND 2022 57
FIGURE 28 THE FINGERPRINT IDENTICATION SUB APPLICATION OF DATA MINING APPLICATION EXPECTED TO HOLD THE HIGHEST SHARE BETWEEN 2016 AND 2022 60
FIGURE 29 NEUROMORPHIC CHIP MARKET: BY END-USER INDUSTRY 63
FIGURE 30 NEUROMORPHIC CHIP MARKET: YEAR OF ADOPTION BY END-USER INDUSTRIES 64
FIGURE 31 THE MARKET FOR NEUROMORPHIC CHIP IN THE MEDICAL SECTOR EXPECTED
TO WITNESS THE HIGHEST GROWTH BETWEEN 2016–2022 65
FIGURE 32 THE MARKET FOR SIGNAL RECOGNITION APPLICATION OF NEUROMORPHIC CHIP TO WITNESS THE HIGHEST GROWTH IN AEROSPACE, MILITARY & DEFENSE SECTOR BETWEEN 2016–2022 (USD MILLION) 67
FIGURE 33 THE APAC MARKET FOR NEUROMORPHIC CHIPS USED IN AEROSPACE, MILITARY,
& DEFENSE SECTOR IS EXPECTED TO WITNESS THE HIGHEST GROWTH BETWEEN 2016-2022 68
FIGURE 34 THE MARKET FOR IMAGE RECOGNITION APPLICATION OF NEUROMORPHIC CHIP USED IN THE AUTOMOTIVE INDUSTRY IS EXPECTED TO REGISTER THE HIGHEST GROWTH IN THE AUTOMOTIVE INDUSTRY BETWEEN 2018–2022 69
FIGURE 35 THE ASIA-PACIFIC MARKET FOR NEUROMORPHIC CHIP USED IN AUTOMOTIVE SECTOR IS EXPECTED TO WITNESS HIGHEST GROWTH BETWEEN 2018–2022 (USD MILLION) 70
FIGURE 36 THE MARKET FOR IMAGE RECOGNITION APPLICATION OF NUEROMORPHIC CHIP
IS EXPECTED TO REGISTER THE HIGHEST GROWTH IN THE MEDICAL SECTOR BETWEEN 2018–2022 (USD MILLION) 72
FIGURE 37 THE ASIA-PACIFIC MARKET FOR NEUROMORPHIC CHIP USED IN MEDICAL SECTOR IS EXPECTED TO WITNESS THE HIGHEST GROWTH BETWEEN 2018–2022 73
FIGURE 38 THE MARKET FOR IMAGE RECOGNITION APPLICATION OF NEUROMORPHIC CHIP
IN THE CONSUMER SECTOR IS EXPECTED TO WITNESS THE HIGHEST GROWTH BETWEEN 2016-2022 (USD MILLION) 74
FIGURE 39 THE NORTH AMERICAN MARKET FOR NEUROMORPHIC CHIP USED IN CONSUMER SECTOR TO WITNESS THE HIGHEST GROWTH BETWEEN 2016-2022 75
FIGURE 40 THE MARKET FOR IMAGE RECOGNITION APPLICATION OF NEUROMORPHIC CHIP
IS EXPECTED TO WITNESS THE HIGHEST GROWTH IN THE INDUSTRIAL SECTOR BETWEEN 2018–2022 77
FIGURE 41 ASIA-PACIFIC TO WITNESS HIGHEST GROWTH IN INDUSTRIAL NEUROMORPHIC CHIP MARKET BETWEEN 2018-2022 78
FIGURE 42 THE MARKET FOR IMAGE RECOGNITION APPLICATION OF NEUROMORPHIC CHIP
IS EXPECTED TO REGISTER THE HIGHEST GROWTH IN THE OTHER INDUSTRY BETWEEN 2018–2022 80
FIGURE 43 NORTH AMERICA TO WITNESS THE HIGHEST GROWTH IN OTHER INDUSTRIES NEUROMORPHIC CHIP MARKET BETWEEN 2018–2022 81
FIGURE 44 BENEFITS OF NEUROMORPHIC CHIP 82
FIGURE 45 GEOGRAPHIC SNAPSHOT (2016–2022) – U.S., GERMANY AND SOUTH KOREA ARE EMERGING AS THE POTENTIAL MARKET FOR NUEROMORPHIC CHIPS 85
FIGURE 46 NORTH AMERICA AND APAC– AN ATTRACTIVE DESTINATION FOR ALL END-USER INDUSTRIES FOR NEUROMORPHIC CHIPS 85
FIGURE 47 NORTH AMERICA TO WITNESS THE HIGHEST GROWTH BETWEEN 2016 AND 2022 86
FIGURE 48 CONSUMER SECTOR IS EXPECTED TO DRIVE THE NORTH AMERICA MARKET BETWEEN 2016 AND 2022 87
FIGURE 49 CONSUMER SECTOR IS TO HOLD THE HIGHEST SHARE IN THE EUROPE MARKET BETWEEN 2016 AND 2022 89
FIGURE 50 APAC MARKET WITH RESPECT TO THE TOP APPLICATIONS AND END-USER INDUSTRIES 91
FIGURE 51 CONSUMER SECTOR TO HOLD THE HIGHEST SHARE IN THE ASIA-PACIFIC NEUROMORPHIC CHIP MARKET BETWEEN 2016 AND 2022 (USD MILLION) 92
FIGURE 52 CONSUMER SECTOR IS EXPECTED TO HOLD HIGHEST SHARE IN ROW MARKET BETWEEN 2016 AND 2022 93
FIGURE 53 KEY STRATEGIES ADOPTED BY THE MAJOR PLAYERS IN NEUROMORPHIC CHIP MARKET 95
FIGURE 54 INTERNATIONAL BUSINESS MACHINES. : COMPANY SNAPSHOT 99
FIGURE 55 IBM CORP:SWOT ANALYSIS 101
FIGURE 56 HEWLETT PACKARD: COMPANY SNAPSHOT 102
FIGURE 57 HP: SWOT ANALYSIS 104
FIGURE 58 SAMSUNG GROUP.: COMPANY SNAPSHOT 105
FIGURE 59 SAMSUNG GROUP:SWOT ANALYSIS 107
FIGURE 60 INTEL INC.: COMPANY SNAPSHOT 108
FIGURE 61 INTEL INC. SWOT ANALYSIS 110
FIGURE 62 QUALCOMM INC.: COMPANY SNAPSHOT 111
FIGURE 63 QUALCOMM INC: SWOT ANALYSIS 113
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