NEUROMORPHIC CHIP MARKET ANALYSIS

Leading Companies

North America shows significant growth in the neuromorphic chip market during the forecast period, because of the key players in the region who are adopting to automation and robotics technology with the help of growing investments on research and development. Development of miniature ICs in the region is leading to growing demand for artificial intelligence and rising trend for small sized devices that are compact. This factor helps in driving the market.

Few more thing driving the market in the North America region are rapid speed in technological advancements, in terms of  innovations in products, and rising industry wide applications of neuromorphic chips, which has Internet of Things (IoT) inbuilt in them. The market accelerates because of more people are adopting machine learning, Natural Language Processing (NLP), image processing, and recognition of speech in healthcare, automotive, and consumer electronics. Many key players are making progress in new innovative products in the market to achieve the edge in the competition. For instance, in January 2022, BrainChip, is a Artificial intelligence company, has announced the commercialization of its Akida Neural Networking Processor, which is used for Internet of Things (IoT) and various edges. That is a neuromorphic AI Chip, which can give ultra-low power and performance benefits over conventional approaches.

Global Neuromorphic Chip Market: Key Developments

1. For instance, in March 2020, Intel Corp. launched Pohoiki Springs, a powerful self-contained neuromorphic system.
2. On May 24 2023, BrainChip Holdings Ltd , the world’s first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, and CVEDIA, a leading provider of AI-based video analytics solutions, have entered into a partnership to advance the state-of-the-art in Edge AI and neuromorphic computing.

 Global Neuromorphic Chip Market: Key Companies Insights

Global Neuromorphic Chip Market is highly competitive, owing tocontinuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies, in order to expand their presence on regional as well as global basis.

Some of the key players in the Global Neuromorphic Chip Market are Cadence Design Systems, Inc., Altium LLC, WestDev Ltd., Zuken Inc., AutoDesk Inc. Ansys, Inc., and Synopsys, Inc.