Neuromorphic Computing Systems Market

Market Insights

Neuromorphic computing systems are a computing technique that works on the principle of human brain neurons having the capability to solve cognitive problems. This biologically inspired computer can understand and learn new directives similar to a human brain and, therefore, can be used to tackle challenging issues such as machine learning and artificial intelligence (AI). In addition, neuromorphic computers offer faster computing capabilities with relatively lower power consumption and compact hard drives compared to traditional computing methods. Currently, neuromorphic computing systems are being extensively used for applications such as image recognition and processing, signal recognition and processing, data processing, and object recognition, among others. Neuromorphic computing systems have been adopted by several end-use industries, such as consumer electronics, aerospace and defense, healthcare, automotive, and industrial automation, among others, for their efficient computing solutions.

IT giants, including International Business Machines (IBM) Corporation, Intel Corporation, Qualcomm, Inc., and Samsung Electronics Co., Ltd., among others, have been working towards developing neuromorphic computing systems. Numerous other companies have also been engaged in creating sophisticated computing systems for real-world and simulation applications. In order to develop new-age command and control systems, the aerospace and defense industries have begun to incorporate neuromorphic computing. In addition, the practice of neuromorphic computing for improving healthcare facilities and monitoring medical conditions has also resulted in significant growth in the overall market for neuromorphic computing systems.

In addition, the market report for neuromorphic computing systems further includes an in-depth analysis of current and future market traits, an attractive market backed by real-time statistical data, and market dynamics such as drivers, challenges, and their proportional impact on the overall market growth. The validation of market estimation is buttressed by two-year historical data and a comprehensive competitive analysis of leading neuromorphic system developers. Therefore, the report will provide an overall 360° outlook for the current market and future estimations for the period from 2018 to 2026.

The global market for neuromorphic computing systems is segmented, based on application, into the following categories:

• Image Recognition and Processing
• Signal Recognition and Processing
• Data Processing
• Object Recognition

In 2017, image recognition and processing dominated the overall market for neuromorphic computing systems in terms of market value. Neuromorphic computing has been widely used in image recognition and processing applications. Image recognition and processing are the most common and widely used applications for neuromorphic computing. Rising demand for digital cameras and image processing for various end-use verticals such as military and defense, machine vision, and healthcare has bolstered the demand for advanced image recognition and processing. In addition, the use of high-resolution cameras in mobile devices and image recognition coupled with advanced artificial intelligence has been encouraging the adoption of neuromorphic computing in consumer electronics. Thereby, along with significant growth in image acquisition hardware, the market for neuromorphic computing systems for image recognition and processing applications is also expected to exhibit considerable growth in the following years.

Other neuromorphic computing system applications, including signal recognition and processing, data processing, and object detection, have been contributing significantly to the overall neuromorphic computing systems market. The industrial end-use vertical has been incorporating object recognition for applications such as machine learning and robotics. Furthermore, signal recognition and processing have been critical in the aerospace and defense industries, as well as the information technology and telecommunications industries. Therefore, signal recognition and processing, data processing, and object recognition applications are expected to witness strong growth along with the growth in the aforementioned end-use verticals in the following years.

The global market for neuromorphic computing systems has been segmented, on the basis of geographical regions, into the following regions and countries:

• North America

• • U.S.
  • rest of North America
• Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
• Rest of the World (RoW)
  • The Middle East and Africa
  • Latin America

In 2017, North America accounted for the largest market value share in the global neuromorphic computing system in terms of market value. The region is mainly backed by the U.S., which has a strong presence of neuromorphic computing system companies. Owing to consistently flourishing industry verticals such as aerospace and defense, robotics technology, consumer electronics, and artificial intelligence (AI), the demand for advanced neuromorphic computing systems has been witnessing significant growth in the past few years. In addition, consumer acceptance of new technologies has further encouraged the development of neuromorphic computing systems in this region. Thereby, North America is expected to dominate the overall neuromorphic computing systems market throughout the forecast period.

Europe trailed North America in the overall neuromorphic computing systems market in terms of market value. Numerous European countries have recognized the importance of neuromorphic computing systems for a variety of industrial applications, including machine vision, Chabot, and artificial intelligence (AI). In addition, industry verticals such as consumer goods, automotive, and healthcare, among others, have started to incorporate neuromorphic computing systems in this region. The region is expected to offer a high demand for neuromorphic computing systems in the following years.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Neuromorphic Computing Systems Market Snapshot
2.2. Global Neuromorphic Computing Systems Market, By Application
2.3. Global Neuromorphic Computing Systems Market, By Industry Vertical
2.4. Global Neuromorphic Computing Systems Market, By Geography

3. Global Neuromorphic Computing Systems Market Analysis
3.1. Global Neuromorphic Computing Systems Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
4.1. Market Analysis
4.2. Image Recognition and Processing
4.3. Signal Recognition and Processing
4.4. Data Processing
4.5. Object Recognition

5. Global Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
5.1. Market Analysis
5.2. Consumer Electronics
5.3. Aerospace and defense
5.4. Healthcare
5.5. IT and Telecom
5.6. Automotive
5.7. Other industry verticals (Robotics, industrial Automation, etc.)

6. North America Neuromorphic Computing Systems Market Analysis, 2016 – 2026 (US$ Mn)
6.1. North America Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
6.1.1. Image Recognition and Processing
6.1.2. Signal Recognition and Processing
6.1.3. Data Processing
6.1.4. Object Recognition
6.2. North America Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
6.2.1. Consumer Electronics
6.2.2. Aerospace and defense
6.2.3. Healthcare
6.2.4. IT and Telecom
6.2.5. Automotive
6.2.6. Other industry verticals (Robotics, industrial Automation, etc.)
6.3. North America Neuromorphic Computing Systems Market Value, By Country, 2016 – 2026 (US$ Mn)
6.3.1. U.S.
6.3.2. Rest of North America

7. Europe Neuromorphic Computing Systems Market Analysis, 2016 – 2026 (US$ Mn)
7.1. Europe Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
7.1.1. Image Recognition and Processing
7.1.2. Signal Recognition and Processing
7.1.3. Data Processing
7.1.4. Object Recognition
7.2. Europe Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
7.2.1. Consumer Electronics
7.2.2. Aerospace and defense
7.2.3. Healthcare
7.2.4. IT and Telecom
7.2.5. Automotive
7.2.6. Other industry verticals (Robotics, industrial Automation, etc.)
7.3. Europe Neuromorphic Computing Systems Market Value, By Country, 2016 – 2026 (US$ Mn)
7.3.1. UK
7.3.2. Germany
7.3.3. France
7.3.4. Rest of Europe

8. Asia Pacific Neuromorphic Computing Systems Market Analysis, 2016 – 2026 (US$ Mn)
8.1. Asia Pacific Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
8.1.1. Image Recognition and Processing
8.1.2. Signal Recognition and Processing
8.1.3. Data Processing
8.1.4. Object Recognition
8.2. Asia Pacific Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
8.2.1. Consumer Electronics
8.2.2. Aerospace and defense
8.2.3. Healthcare
8.2.4. IT and Telecom
8.2.5. Automotive
8.2.6. Other industry verticals (Robotics, industrial Automation, etc.)
8.3. Asia Pacific Neuromorphic Computing Systems Market Value, By Country, 2016 – 2026 (US$ Mn)
8.3.1. Japan
8.3.2. China
8.3.3. India
8.3.4. Rest of Asia Pacific

9. Rest of World (RoW) Neuromorphic Computing Systems Market Analysis, 2016 – 2026 (US$ Mn)
9.1. RoW Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
9.1.1. Image Recognition and Processing
9.1.2. Signal Recognition and Processing
9.1.3. Data Processing
9.1.4. Object Recognition
9.2. RoW Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
9.2.1. Consumer Electronics
9.2.2. Aerospace and defense
9.2.3. Healthcare
9.2.4. IT and Telecom
9.2.5. Automotive
9.2.6. Other industry verticals (Robotics, industrial Automation, etc.)
9.3. RoW Neuromorphic Computing Systems Market Value, By Country, 2016 – 2026 (US$ Mn)
9.3.1. Latin America
9.3.2. Middle-East and Africa

10. Company Profiles
10.1. Applied Brain Research, Inc.
10.2. BrainChip, Inc.
10.3. Brain Corporation
10.4. General Vision, Inc.
10.5. HRL Laboratories, LLC
10.6. IBM Corporation
10.7. Intel Corporation
10.8. Knowm, Inc.
10.9. Numenta, Inc.
10.10. Qualcomm, Inc.
10.11. Samsung Electronics Ltd.
10.12. Vicarious FPC, Inc.

List of Figures

FIG. 1 Global Automotive Neuromorphic Computing Systems: Market Segmentation
FIG. 2 Global Neuromorphic Computing Systems Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Neuromorphic Computing Systems Market, By Application, 2017 (US$ Mn)
FIG. 5 Global Neuromorphic Computing Systems Market, By Industry Vertical, 2017 (US$ Mn)
FIG. 6 Global Neuromorphic Computing Systems Market, By Geography, 2017 (US$ Mn)
FIG. 7 Global Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Neuromorphic Computing Systems Market
FIG. 9 Market Positioning of Key Industry Participants, 2017
FIG. 10 Global Neuromorphic Computing Systems Market Value Contribution, By Application, 2017 & 2026 (Value %)
FIG. 11 Global Neuromorphic Computing Systems for Image Recognition and Processing Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 12 Global Neuromorphic Computing Systems for Data Recognition and Processing Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 13 Global Neuromorphic Computing Systems for Data Processing Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 14 Global Neuromorphic Computing Systems for Object Recognition Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 15 Global Neuromorphic Computing Systems Market Value Contribution, By Application, 2017 & 2026 (Value %)
FIG. 16 Global Consumer Electronics Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 17 Global Aerospace and defense Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 18 Global Healthcare Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 19 Global IT and Telecom Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 20 Global Automotive Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 21 Global Other Industry Verticals Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn)
FIG. 22 North America Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 23 Europe Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 24 Asia Pacific Neuromorphic Computing Systems Market Value and Growth, 2016 – 2026, (US$ Mn) (Y-o-Y %)
FIG. 25 RoW Neuromorphic Computing Systems Market Value and Growth, 2017– 2025, (US$ Mn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Neuromorphic Computing Systems Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 5 North America Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 6 North America Neuromorphic Computing Systems Market Value, By Country, 2016 – 2026 (US$ Mn)
TABLE 7 U.S. Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 8 U.S. Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 9 Rest of North America Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 10 Rest of North America Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 11 Europe Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 12 Europe Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 13 Europe Neuromorphic Computing Systems Market Value, By Country, 2016 – 2026 (US$ Mn)
TABLE 14 UK Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 15 UK Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 16 France Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 17 France Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 18 Germany Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 19 Germany Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 20 Rest of Europe Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 21 Rest of Europe Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 22 Asia Pacific Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 23 Asia Pacific Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 24 Asia Pacific Neuromorphic Computing Systems Market Value, By Country, 2016 – 2026 (US$ Mn)
TABLE 25 China Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 26 China Neuromorphic Computing Systems Market Value, By Industry Vertical, 2017- 2025 (US$ Mn)
TABLE 27 Japan Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 28 Japan Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 29 India Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 30 India Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 31 Rest of Asia Pacific Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 32 Rest of Asia Pacific Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 33 Rest of World Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 34 Rest of World Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 35 Rest of World Neuromorphic Computing Systems Market Value, By Region, 2016 – 2026 (US$ Mn)
TABLE 36 Latin America Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 37 Latin America Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 38 Middle-East and Africa Neuromorphic Computing Systems Market Value, By Application, 2016 – 2026 (US$ Mn)
TABLE 39 Middle-East and Africa Neuromorphic Computing Systems Market Value, By Industry Vertical, 2016 – 2026 (US$ Mn)
TABLE 40 Applied Brain Research, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 41 BrainChip, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 42 Brain Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 43 General Vision Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 44 HRL Laboratories, LLCt: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 45 IBM Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 46 Intel Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 47 Knowm, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 48 Numenta, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 49 Qualcomm Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 50 Samsung Electronics Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 51 Vicarious FPC, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)