During the forecast period, rising demand for artificial intelligence systems is anticipated to fuel market expansion for neuromorphic chips. Neuromorphic chips are being used by many businesses and researchers to improve a variety of artificial intelligence processes, such as speech recognition, machine learning, picture recognition, data mining, automated reasoning, etc. Neuromorphic chips are increasingly being used in artificial intelligence, and end users from all over the world have responded well. This is often because to the tremendous advancements it has brought about in areas like autonomous automobiles, robots automating tasks, and mobile phone voice recognition. Another aspect that is anticipated to fuel expansion in the worldwide neuromorphic chip market during the projected period is its capacity to solve problems by using a sophisticated pattern-matching procedure comparable to the human brain.
The market for Neuromorphic Chips is anticipated to reach a value of US$ 26.78 million in 2022 and grow at a CAGR of 41.7% from 2023 to 2030.
Top Companies in the Neuromorphic Chip Industry:
1. Cadence Design Systems, Inc: Created in 1988. United States headquarters. Electronic design automation software, intellectual property, and system design and analysis solutions are all offered by Cadence Design Systems. Chip design is automated using EDA software, which also increases complexity, productivity, and accuracy in a full-flow end-to-end solution. In addition to system design and analysis products, Cadence also provides a portfolio of design intellectual property (IP), which enables system-level analysis and verification solutions. Open Eye Scientific's acquisition by Cadence is complete.
2. Altium LLC: An Australian business called Altium Ltd creates and sells computer software used in the creation of electronic devices. Its offerings include software licences for Altium Designer, subscriptions for Altium Designer, licences for TASKING, maintenance for TASKING, service income, service advertising, and other items. Native 3D PCB computer-aided design is available in Altium Designer. Board and Systems, the company's main source of revenue, Microcontrollers and Embedded Systems, Electronic Parts, Search and Discovery Business, and Corporate make up its segments. Built in 1985. United States headquarters. Launch of an Industry-First Integrated PCB "Design WITH Manufacturing" Application by Altium and MacroFab
3. WestDev Ltd.: The status of WESTDEV LTD (Company No. 02739668) is reported as Active on the Companies House website. This business was established on August 14, 1992, and it has been doing business ever since. The company has a registered office at 20 MILLER COURT SEVERN DRIVE TEWKESBURY BUSINESS PARK TEWKESBURY GLOUCESTERSHIRE GL20 8DN and is registered as a private limited company.
4. Zuken Inc: An organisation with its headquarters in Japan called ZUKEN, Inc. specialises in software and consulting services for electrical and electronic engineering. In addition to marketing the software solutions with consulting services, it is involved in research and development of a variety of software solutions that enable the optimisation of product design and engineering processes for manufacturing industries. It has a market presence in North America, Europe, Asia, and Japan. Electronic design, automotive design, electrical and control cable design, design data management, and product lifecycle management are among the many items it offers. Built in 1976. Headwear in Japan. Zuken completes the purchase of Vitech Corporation
5. AutoDesk Inc: Autodesk is a maker of application software that provides services to the media and entertainment, product design and manufacturing, architecture, engineering, and construction industries. Autodesk was founded in 1982. These industries' needs for design, modelling, and rendering are met by Autodesk software. In 180 nations, the company has more than 4 million paying customers. United States headquarters. The Wild (Mar 2022), Prodsmart (Feb 2022), and Moxion (Jan 2022) are the most recent purchases.
6. Ansys, Inc: Autodesk is a maker of application software that provides services to the media and entertainment, product design and manufacturing, architecture, engineering, and construction industries. Autodesk was founded in 1982. These industries' needs for design, modelling, and rendering are met by Autodesk software. In 180 nations, the company has more than 4 million paying customers. United States headquarters. The Wild (Mar 2022), Prodsmart (Feb 2022), and Moxion (Jan 2022) are the most recent purchases.
7. Synopsys, Inc: Software for electronic design automation, intellectual property management, and software integrity are all offered by Synopsys. Chip design is automated using EDA software, which also increases complexity, productivity, and accuracy in a full-flow end-to-end solution. Customers may regularly maintain and test the code base for security and quality thanks to the company's expanding SI business. The broad portfolio of Synopsys is gaining from the mutual convergence of systems firms moving down the stack towards in-house chip design and semiconductor companies rising up the stack towards systems-like organisations. Started in 1986. Headquarters in the U.S. Synopsys to Acquire Some of INVECAS' Intellectual Property
*Definition: Neuromorphic chips are digital and analog integrated circuits that implement neural networking technology. Neuromorphic computing is executed on hardware by threshold switches, transistors, and oxide-based memristors.
