Table of Content

1 INTRODUCTION 27
1.1 STUDY OBJECTIVES 27
1.2 MARKET DEFINITION 27
1.2.1 INCLUSIONS AND EXCLUSIONS 28
1.3 STUDY SCOPE 28
1.3.1 MARKETS COVERED 28
FIGURE 1 NEUROMORPHIC COMPUTING MARKET 28
1.3.2 GEOGRAPHIC SCOPE 29
1.3.3 YEARS CONSIDERED 29
1.4 CURRENCY 29
1.5 VOLUME UNIT 30
1.6 LIMITATIONS 30
1.7 STAKEHOLDERS 30
1.8 SUMMARY OF CHANGES 30
2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 NEUROMORPHIC COMPUTING MARKET: RESEARCH DESIGN 32
2.1.1 SECONDARY DATA 33
2.1.1.1 Major secondary sources 33
2.1.1.2 Key data from secondary sources 33
2.1.2 PRIMARY DATA 34
2.1.2.1 Primary interviews with experts 34
2.1.2.2 Key data from primary sources 35
2.1.2.3 Key industry insights 36
2.1.2.4 Breakdown of primaries 36
2.1.3 SECONDARY AND PRIMARY RESEARCH 37
2.2 MARKET SIZE ESTIMATION 38
FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION 38
2.2.1 BOTTOM-UP APPROACH 39
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM SALES OF NEUROMORPHIC COMPUTING PRODUCTS AND SOLUTIONS 39
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 39
2.2.2 TOP-DOWN APPROACH 40
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 40
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 41
FIGURE 7 DATA TRIANGULATION 41
2.4 RESEARCH ASSUMPTIONS 42
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2.5 RISK ASSESSMENT 43
TABLE 1 RISK FACTOR ANALYSIS 43
2.6 FORECASTING ASSUMPTIONS 43
2.7 COMPETITIVE LEADERSHIP MAPPING METHODOLOGY 44
TABLE 2 EVALUATION CRITERIA 44
2.7.1 VENDOR INCLUSION CRITERIA 44
2.8 LIMITATIONS OF THE STUDY 45
3 EXECUTIVE SUMMARY 46
FIGURE 8 HARDWARE OFFERING SEGMENT TO LEAD NEUROMORPHIC COMPUTING MARKET DURING 2021–2026 47
FIGURE 9 IMAGE RECOGNITION APPLICATION IS EXPECTED TO HOLD LARGEST SHARE OF NEUROMORPHIC COMPUTING MARKET DURING 2021–2026 47
FIGURE 10 AEROSPACE, MILITARY & DEFENSE VERTICAL TO HOLD LARGEST OF NEUROMORPHIC COMPUTING MARKET DURING FORECAST PERIOD 48
FIGURE 11 EDGE COMPUTING TO LEAD NEUROMORPHIC COMPUTING MARKET,
BY DEPLOYMENT, DURING FORECAST PERIOD 49
FIGURE 12 NEUROMORPHIC COMPUTING MARKET IN ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 49
3.1 IMPACT ANALYSIS OF COVID-19 ON NEUROMORPHIC COMPUTING MARKET 50
FIGURE 13 NEUROMORPHIC COMPUTING MARKET SIZE IN OPTIMISTIC, PESSIMISTIC, AND REALISTIC SCENARIOS 51
TABLE 3 NEUROMORPHIC MARKET, BY SCENARIO, 2018–2026 (USD THOUSAND) 51
3.1.1 OPTIMISTIC SCENARIO 51
3.1.2 REALISTIC SCENARIO 51
3.1.3 PESSIMISTIC SCENARIO 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES IN NEUROMORPHIC COMPUTING MARKET 53
FIGURE 14 NEUROMORPHIC COMPUTING MARKET TO WITNESS SIGNIFICANT GROWTH BETWEEN 2021 AND 2026 53
4.2 NEUROMORPHIC COMPUTING MARKET, BY OFFERING 54
FIGURE 15 HARDWARE IS EXPECTED TO DOMINATE NEUROMORPHIC COMPUTING MARKET BETWEEN 2021 AND 2026 54
4.3 NEUROMORPHIC COMPUTING MARKET, BY APPLICATION 54
FIGURE 16 IMAGE RECOGNITION EXPECTED TO HOLD LARGEST SHARE OF NEUROMORPHIC COMPUTING MARKET BY 2026 54
4.4 NEUROMORPHIC COMPUTING MARKET, BY INDUSTRY 55
FIGURE 17 AEROSPACE, MILITARY & DEFENSE TO HOLD LARGEST SHARE OF NEUROMORPHIC COMPUTING MARKET BY 2026 55
4.5 NEUROMORPHIC COMPUTING MARKET, BY REGION (2021) 55
FIGURE 18 NORTH AMERICA IS LIKELY TO HOLD LARGEST SHARE OF NEUROMORPHIC COMPUTING MARKET BETWEEN 2021 AND 2026 55
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5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 EVOLUTION 56
FIGURE 19 ARCHITECTURAL DIFFERENCE: VON NEUMANN VS. NEURAL NETWORK 56
FIGURE 20 BIOLOGICAL INSPIRATION OF NEUROMORPHIC DESIGN BY CARVER MEAD IN 1990 57
5.3 MARKET DYNAMICS 58
FIGURE 21 NEUROMORPHIC COMPUTING: MARKET DYNAMICS 58
5.3.1 DRIVERS 58
5.3.1.1 New ways of computation possible due to end of Moore’s Law 59
FIGURE 22 COST PER TRANSISTOR FOR A SINGLE IC CHIP HAS INCREASED AFTER LAUNCH OF 28NM SEMICONDUCTOR DEVICE FABRICATION TECHNOLOGY 59
5.3.1.2 Need for better-performing ICs 59
5.3.1.3 Increase in demand for artificial intelligence and machine learning 60
FIGURE 23 MACHINE-TO-MACHINE CONNECTIONS MARKET, 2014–2026 60
FIGURE 24 ARTIFICIAL INTELLIGENCE MARKET, 2014–2026 (USD MILLION) 60
5.3.1.4 Cross-industry partnerships and collaborations 61
5.3.2 RESTRAINTS 61
5.3.2.1 Lack of R&D and investments is slowing down development of real-world applications 61
5.3.2.2 Complex algorithms increase complexity of designing hardware of neuromorphic chips 62
5.3.2.3 Lack of knowledge about neuromorphic computing 62
5.3.3 OPPORTUNITIES 62
5.3.3.1 Emerging applications pertaining to automation 63
FIGURE 25 MACHINE LEARNING MARKET, 2014–2026 (USD MILLION) 63
5.3.3.2 Adoption of neuromorphic computing for security purposes 63
5.3.3.3 Growing potential of AI and neuromorphic computing in medical science and medical imaging 63
5.3.4 CHALLENGES 64
5.3.4.1 Applications dependent on software compatibility of neural hardware 64
TABLE 4 SOFTWARE COMPARISON: CONVENTIONAL VS NEUROMORPHIC CHIPS 64
5.3.4.2 Matching a human’s flexibility and ability to learn from unstructured stimuli data 65
5.4 VALUE CHAIN ANALYSIS 65
FIGURE 26 DESIGN AND FABRICATION, TESTING, AND PACKAGING PHASES CONTRIBUTE MAJOR VALUE TO NEUROMORPHIC COMPUTING MARKET 65
5.4.1 CORE INDUSTRY SEGMENTS 66
5.4.1.1 Research and product development 66
5.4.1.2 Design 66
5.4.1.3 Fabrication, packaging, and testing 66
5.4.1.4 Manufacturing and assembly 66
5.4.1.5 Marketing and sales 66
5.4.1.6 End users 66
5.5 PORTER’S FIVE FORCES ANALYSIS OF NEUROMORPHIC COMPUTING MARKET, 2021 67
FIGURE 27 OVERVIEW OF PORTER’S FIVE FORCES ANALYSIS FOR NEUROMORPHIC COMPUTING MARKET (2021) 67
FIGURE 28 NEUROMORPHIC COMPUTING MARKET: PORTER’S FIVE FORCES ANALYSIS 68
TABLE 5 IMPACT OF PORTER’S FIVE FORCE ON NEUROMORPHIC COMPUTING MARKET 68
5.5.1 BARGAINING POWER OF SUPPLIERS 69
FIGURE 29 MEDIUM IMPACT OF BARGAINING POWER OF SUPPLIERS ON NEUROMORPHIC COMPUTING MARKET 69
5.5.2 BARGAINING POWER OF BUYERS 70
FIGURE 30 LOW IMPACT OF BARGAINING POWER OF BUYERS ON NEUROMORPHIC COMPUTING MARKET 70
5.5.3 THREAT OF SUBSTITUTES 71
FIGURE 31 MEDIUM IMPACT OF THREAT OF SUBSTITUTES ON NEUROMORPHIC COMPUTING MARKET 71
5.5.4 THREAT OF NEW ENTRANTS 72
FIGURE 32 LOW IMPACT OF THREAT OF NEW ENTRANTS ON NEUROMORPHIC COMPUTING MARKET 72
5.5.5 DEGREE OF COMPETITION 73
FIGURE 33 HIGH IMPACT OF DEGREE OF COMPETITION ON NEUROMORPHIC COMPUTING MARKET 73
5.6 MARKET ECOSYSTEM 73
TABLE 6 NEUROMORPHIC COMPUTING MARKET ECOSYSTEM 73
FIGURE 34 NEUROMORPHIC COMPUTING MARKET ECOSYSTEM 75
5.7 USE CASE ANALYSIS 76
5.7.1 INTEL’S POHOIKI’S SPRINGS SYSTEM SHOWED HOW A NEUROMORPHIC CHIP CAN PICK OUT SMELLS WITH A SMALL TRAINING SAMPLE 76
5.7.2 IBM LAUNCHED TRUENORTH SYNAPSE NEUROMORPHIC INTEGRATED CHIP HAVING 256 PROGRAMMABLE NEURONS 76
5.7.3 BRAINCHIP INC DEVELOPED A HARDWARE VERSION OF BIOLOGICAL NEURON 76
5.7.4 APPLIED BRAIN RESEARCH STUDIED ENERGY-EFFICIENCY OF NENGO DEEP LEARNING TOOLKIT 76
5.7.5 NEUROMORPHIC TECHNOLOGY USED TO MAKE EFFICIENT ARTIFICIAL INTELLIGENCE ONBOARD FOR SELF-DRIVING AND SELF-PARKING IN AUTOMOBILES 77
5.8 INDUSTRY TRENDS 77
FIGURE 35 EMERGING TRENDS IN NEUROMORPHIC COMPUTING MARKET 77
5.9 PRICING ANALYSIS 78
FIGURE 36 AVERAGE SELLING PRICE OF NEUROMORPHIC CHIPS 78
5.10 PATENTS ANALYSIS 78
TABLE 7 IMPORTANT PATENTS RELATED TO NEUROMORPHIC COMPUTING SOLUTIONS 78
5.11 TRADE ANALYSIS 81
TABLE 8 EXPORTS DATA, BY COUNTRY, 2015–2019 (USD MILLION) 81
FIGURE 37 EXPORTS DATA FOR HS CODE 854231 FOR TOP FIVE COUNTRIES IN NEUROMORPHIC COMPUTING MARKET, 2015–2019 (THOUSAND UNITS) 81
TABLE 9 IMPORTS DATA, BY COUNTRY, 2015–2019 (USD MILLION) 82
FIGURE 38 IMPORTS DATA FOR HS CODE 854231 FOR TOP FIVE COUNTRIES IN NEUROMORPHIC COMPUTING MARKET, 2015–2019 (THOUSAND UNITS) 82
6 NEUROMORPHIC COMPUTING MARKET, BY OFFERING 83
6.1 INTRODUCTION 84
FIGURE 39 NEUROMORPHIC COMPUTING MARKET, BY OFFERING 84
FIGURE 40 NEUROMORPHIC COMPUTING HARDWARE MARKET TO GROW AT A HIGHER RATE BETWEEN 2021 AND 2026 84
TABLE 10 NEUROMORPHIC COMPUTING MARKET, BY OFFERING,
2018–2020 (USD THOUSAND) 85
TABLE 11 NEUROMORPHIC COMPUTING MARKET, BY OFFERING,
2021–2026 (USD THOUSAND) 85
6.2 HARDWARE 85
6.2.1 HIGH PARALLEL PROCESSING CAPABILITIES AND IMPROVED COMPUTING POWER HAVE RESULTED IN ADOPTION OF PROCESSORS 85
FIGURE 41 NEUROMORPHIC COMPUTING HARDWARE CHIP MARKET,
2018–2026 (THOUSAND UNITS) 86
TABLE 12 NEUROMORPHIC COMPUTING HARDWARE CHIP MARKET,
2018–2020 (THOUSAND UNITS) 86
TABLE 13 NEUROMORPHIC COMPUTING HARDWARE CHIP MARKET,
2021–2026 (THOUSAND UNITS) 86
6.3 SOFTWARE 87
6.3.1 SOFTWARE ARE TIME-BASED LEARNING ALGORITHMS THAT COMPLEMENT NEUROMORPHIC CHIPS BY STORING AND RECALLING SPATIAL AND TEMPORAL PATTERNS. 87
7 NEUROMORPHIC COMPUTING MARKET, BY DEPLOYMENT 88
7.1 INTRODUCTION 89
FIGURE 42 NEUROMORPHIC COMPUTING MARKET, BY DEPLOYMENT 89
FIGURE 43 EDGE COMPUTING SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE
BY 2026 89
TABLE 14 NEUROMORPHIC COMPUTING MARKET, BY DEPLOYMENT,
2018–2020 (USD THOUSAND) 89
TABLE 15 NEUROMORPHIC COMPUTING MARKET, BY DEPLOYMENT,
2021–2026 (USD THOUSAND) 90
7.2 EDGE COMPUTING 90
7.2.1 NEUROMORPHIC DEPLOYMENT AT EDGE IS BEST SUITED FOR LOW-POWER AND LOW-LATENCY APPLICATIONS, AND ON-DEVICE ADAPTATION 90
7.3 CLOUD COMPUTING 91
7.3.1 CLOUD COMPUTING INVOLVES DECENTRALIZED APPLICATIONS RUNNING IN DATA CENTERS 91
8 NEUROMORPHIC COMPUTING MARKET, BY APPLICATION 92
8.1 INTRODUCTION 93
FIGURE 44 NEUROMORPHIC COMPUTING MARKET, BY APPLICATION 93
FIGURE 45 NEUROMORPHIC COMPUTING MARKET FOR DATA MINING APPLICATION TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026 93
TABLE 16 NEUROMORPHIC COMPUTING MARKET, BY APPLICATION,
2018–2020 (USD THOUSAND) 94
TABLE 17 NEUROMORPHIC COMPUTING MARKET, BY APPLICATION,
2021–2026 (USD THOUSAND) 94
8.2 IMAGE RECOGNITION 94
TABLE 18 NEUROMORPHIC COMPUTING MARKET FOR IMAGE RECOGNITION,
BY APPLICATION TYPE, 2018–2020 (USD THOUSAND) 95
TABLE 19 NEUROMORPHIC COMPUTING MARKET FOR IMAGE RECOGNITION,
BY APPLICATION TYPE, 2021–2026 (USD THOUSAND) 95
TABLE 20 NEUROMORPHIC COMPUTING MARKET FOR IMAGE RECOGNITION,
BY OFFERING, 2018–2020 (USD THOUSAND) 95
TABLE 21 NEUROMORPHIC COMPUTING MARKET FOR IMAGE RECOGNITION,
BY OFFERING, 2021–2026 (USD THOUSAND) 96
TABLE 22 NEUROMORPHIC COMPUTING MARKET FOR IMAGE RECOGNITION,
BY INDUSTRY, 2018–2020 (USD THOUSAND) 96
TABLE 23 NEUROMORPHIC COMPUTING MARKET FOR IMAGE RECOGNITION,
BY INDUSTRY, 2021–2026 (USD THOUSAND) 97
8.3 SIGNAL RECOGNITION 97
TABLE 24 NEUROMORPHIC COMPUTING MARKET FOR SIGNAL RECOGNITION,
BY APPLICATION TYPE, 2018–2020 (USD THOUSAND) 98
TABLE 25 NEUROMORPHIC COMPUTING MARKET FOR SIGNAL RECOGNITION,
BY APPLICATION TYPE, 2021–2026 (USD THOUSAND) 98
TABLE 26 NEUROMORPHIC COMPUTING MARKET FOR SIGNAL RECOGNITION,
BY OFFERING, 2018–2020 (USD THOUSAND) 99
TABLE 27 NEUROMORPHIC COMPUTING MARKET FOR SIGNAL RECOGNITION,
BY OFFERING, 2021–2026 (USD THOUSAND) 99
TABLE 28 NEUROMORPHIC COMPUTING MARKET FOR SIGNAL RECOGNITION,
BY INDUSTRY, 2018–2020 (USD THOUSAND) 99
TABLE 29 NEUROMORPHIC COMPUTING MARKET FOR SIGNAL RECOGNITION ,
BY INDUSTRY, 2021–2026 (USD THOUSAND) 100
8.4 DATA MINING 100
TABLE 30 NEUROMORPHIC COMPUTING MARKET FOR DATA MINING, BY APPLICATION TYPE, 2018–2020 (USD THOUSAND) 101
TABLE 31 NEUROMORPHIC COMPUTING MARKET FOR DATA MINING, BY APPLICATION TYPE, 2021–2026 (USD THOUSAND) 101
TABLE 32 NEUROMORPHIC COMPUTING MARKET FOR DATA MINING, BY OFFERING, 2018–2020 (USD THOUSAND) 101
TABLE 33 NEUROMORPHIC COMPUTING MARKET FOR DATA MINING, BY OFFERING, 2021–2026 (USD THOUSAND) 102
TABLE 34 NEUROMORPHIC COMPUTING MARKET FOR DATA MINING, BY INDUSTRY, 2018–2020 (USD THOUSAND) 102
TABLE 35 NEUROMORPHIC COMPUTING MARKET FOR DATA MINING, BY INDUSTRY, 2021–2026 (USD THOUSAND) 103
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9 NEUROMORPHIC COMPUTING MARKET, BY VERTICAL 104
9.1 INTRODUCTION 105
FIGURE 46 NEUROMORPHIC COMPUTING MARKET, BY VERTICAL 105
FIGURE 47 AEROSPACE, MILITARY & DEFENSE VERTICAL TO HOLD LARGEST SHARE OF NEUROMORPHIC COMPUTING MARKET BETWEEN 2021 AND 2026 106
TABLE 36 NEUROMORPHIC COMPUTING MARKET, BY VERTICAL,
2018–2020 (USD THOUSAND) 106
TABLE 37 NEUROMORPHIC COMPUTING MARKET, BY VERTICAL,
2021–2026 (USD THOUSAND) 107
9.2 AEROSPACE, MILITARY & DEFENSE 107
9.2.1 GROWING USE OF NEUROMORPHIC CHIPS IN PROCESSING OF BATTLEFIELD DATA TO DRIVE GROWTH OF MARKET 107
TABLE 38 NEUROMORPHIC COMPUTING MARKET FOR AEROSPACE MILITARY & DEFENSE VERTICAL, BY APPLICATION, 2018–2020 (USD THOUSAND) 108
TABLE 39 NEUROMORPHIC COMPUTING MARKET FOR AEROSPACE, MILITARY & DEFENSE VERTICAL, BY APPLICATION, 2021–2026 (USD THOUSAND) 108
TABLE 40 NEUROMORPHIC COMPUTING MARKET FOR AEROSPACE, MILITARY & DEFENSE VERTICAL, BY REGION, 2018–2020 (USD THOUSAND) 108
TABLE 41 NEUROMORPHIC COMPUTING MARKET FOR AEROSPACE, MILITARY & DEFENSE VERTICAL, BY REGION, 2021–2026 (USD THOUSAND) 109
9.3 AUTOMOTIVE 109
9.3.1 AUTOMATED DRIVING USING AI IS TRENDING IN AUTOMOTIVE VERTICAL 109
9.3.1.1 Advanced driver assistance system (ADAS) 109
9.3.1.2 Autonomous vehicle 109
TABLE 42 NEUROMORPHIC COMPUTING MARKET FOR AUTOMOTIVE VERTICAL,
BY APPLICATION, 2018–2020 (USD THOUSAND) 110
TABLE 43 NEUROMORPHIC COMPUTING MARKET FOR AUTOMOTIVE VERTICAL,
BY APPLICATION, 2021–2026 (USD THOUSAND) 110
TABLE 44 NEUROMORPHIC COMPUTING MARKET FOR AUTOMOTIVE VERTICAL,
BY REGION, 2018–2020 (USD THOUSAND) 111
TABLE 45 NEUROMORPHIC COMPUTING MARKET FOR AUTOMOTIVE VERTICAL,
BY REGION, 2021–2026 (USD THOUSAND) 111
9.4 CONSUMER ELECTRONICS 111
9.4.1 REAL-TIME APPLICATIONS IN CONSUMER DRONES AND SMART HOMES ARE DRIVING GROWTH OF NEUROMORPHIC COMPUTING MARKET FOR CONSUMER ELECTRONICS VERTICAL 111
9.4.1.1 Consumer drones and smart homes 111
TABLE 46 NEUROMORPHIC COMPUTING MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY APPLICATION, 2018–2020 (USD THOUSAND) 112
TABLE 47 NEUROMORPHIC COMPUTING MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY APPLICATION, 2021–2026 (USD THOUSAND) 112
TABLE 48 NEUROMORPHIC COMPUTING MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2018–2020 (USD THOUSAND) 112
TABLE 49 NEUROMORPHIC COMPUTING MARKET FOR CONSUMER ELECTRONICS VERTICAL, BY REGION, 2021–2026 (USD THOUSAND) 113
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9.5 INDUSTRIAL 113
9.5.1 BENEFITS ASSOCIATED WITH NEUROMORPHIC COMPUTING IN DESIGNING AND PLANNING STAGES OF MANUFACTURING PROCESSES TO BOOST MARKET GROWTH 113
9.5.1.1 Machine vision 113
9.5.1.2 Manufacturing 113
TABLE 50 NEUROMORPHIC COMPUTING MARKET FOR INDUSTRIAL VERTICAL,
BY APPLICATION, 2018–2020 (USD THOUSAND) 114
TABLE 51 NEUROMORPHIC COMPUTING MARKET FOR INDUSTRIAL VERTICAL,
BY APPLICATION, 2021–2026 (USD THOUSAND) 114
TABLE 52 NEUROMORPHIC COMPUTING MARKET FOR INDUSTRIAL VERTICAL,
BY REGION, 2018–2020 (USD THOUSAND) 114
TABLE 53 NEUROMORPHIC COMPUTING MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2021–2026 (USD THOUSAND) 115
9.6 MEDICAL 115
9.6.1 INCREASING PATIENT DATA IS FUELING ADOPTION RATE OF NEUROMORPHIC COMPUTING IN MEDICAL VERTICAL 115
9.6.1.1 Diagnostic imaging 115
9.6.1.2 Physical simulation and computation biology 116
TABLE 54 NEUROMORPHIC COMPUTING MARKET FOR MEDICAL VERTICAL,
BY APPLICATION, 2018–2020 (USD THOUSAND) 116
TABLE 55 NEUROMORPHIC COMPUTING MARKET FOR MEDICAL VERTICAL,
BY APPLICATION, 2021–2026 (USD THOUSAND) 116
TABLE 56 NEUROMORPHIC COMPUTING MARKET FOR MEDICAL VERTICAL, BY REGION, 2018–2020 (USD THOUSAND) 117
TABLE 57 NEUROMORPHIC COMPUTING MARKET FOR MEDICAL VERTICAL, BY REGION, 2021–2026 (USD THOUSAND) 117
9.7 IT & TELECOMMUNICATION 117
9.7.1 GROWING USE OF NEUROMORPHIC COMPUTING IN APPLICATIONS SUCH AS IMAGE RECOGNITION, DATA MINING, AND DATA ANALYTICS TO DRIVE GROWTH OF IT & TELECOMMUNICATION VERTICAL 117
9.7.1.1 Enterprise content management 117
9.7.1.2 Intelligent character recognition 118
TABLE 58 NEUROMORPHIC COMPUTING MARKET FOR IT & TELECOMMUNICATION VERTICAL, BY APPLICATION, 2018–2020 (USD THOUSAND) 118
TABLE 59 NEUROMORPHIC COMPUTING MARKET FOR IT & TELECOMMUNICATION VERTICAL, BY APPLICATION, 2021–2026 (USD THOUSAND) 118
TABLE 60 NEUROMORPHIC COMPUTING MARKET FOR IT & TELECOMMUNICATION VERTICAL, BY REGION, 2018–2020 (USD THOUSAND) 119
TABLE 61 NEUROMORPHIC COMPUTING MARKET FOR IT & TELECOMMUNICATION VERTICAL, BY REGION, 2021–2026 (USD THOUSAND) 119
9.8 OTHERS 119
TABLE 62 NEUROMORPHIC COMPUTING MARKET FOR OTHERS VERTICAL,
BY APPLICATION, 2018–2020 (USD THOUSAND) 119
TABLE 63 NEUROMORPHIC COMPUTING MARKET FOR OTHERS VERTICAL,
BY APPLICATION, 2021–2026 (USD THOUSAND) 120
TABLE 64 NEUROMORPHIC COMPUTING MARKET FOR OTHERS VERTICAL, BY REGION, 2018–2020 (USD THOUSAND) 120
TABLE 65 NEUROMORPHIC COMPUTING MARKET FOR OTHERS VERTICAL,
BY REGION, 2021–2026 (USD THOUSAND) 120
10 GEOGRAPHIC ANALYSIS 121
10.1 INTRODUCTION 122
FIGURE 48 GEOGRAPHIC SNAPSHOT: INDIA, CHINA, CANADA, MEXICO, AND FRANCE TO WITNESS HIGHEST GROWTH FROM 2021 TO 2026 122
FIGURE 49 NEUROMORPHIC COMPUTING MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2026 123
TABLE 66 NEUROMORPHIC COMPUTING MARKET, BY REGION,
2018–2020 (USD THOUSAND) 123
TABLE 67 NEUROMORPHIC COMPUTING MARKET, BY REGION,
2021–2026 (USD THOUSAND) 123
10.2 NORTH AMERICA 124
FIGURE 50 SNAPSHOT OF NEUROMORPHIC COMPUTING MARKET IN NORTH AMERICA 125
TABLE 68 NEUROMORPHIC COMPUTING MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD THOUSAND) 125
TABLE 69 NEUROMORPHIC COMPUTING MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD THOUSAND) 126
TABLE 70 NEUROMORPHIC COMPUTING MARKET IN NORTH AMERICA, BY VERTICAL, 2018–2020 (USD THOUSAND) 126
TABLE 71 NEUROMORPHIC COMPUTING MARKET IN NORTH AMERICA, BY VERTICAL, 2021–2026 (USD THOUSAND) 127
10.2.1 US 127
10.2.1.1 US leads in terms of adoption of neuromorphic computing in various end-user industries 127
TABLE 72 NEUROMORPHIC COMPUTING MARKET IN US, BY VERTICAL,
2018–2020 (USD THOUSAND) 128
TABLE 73 NEUROMORPHIC COMPUTING MARKET IN US, BY VERTICAL,
2021–2026 (USD THOUSAND) 128
10.2.2 CANADA 129
10.2.2.1 Government funding and extensive startup activities, especially in AI, are supporting growth of AI in Canada 129
TABLE 74 NEUROMORPHIC COMPUTING MARKET IN CANADA, BY VERTICAL,
2018–2020 (USD THOUSAND) 129
TABLE 75 NEUROMORPHIC COMPUTING MARKET IN CANADA, BY VERTICAL,
2021–2026 (USD THOUSAND) 130
10.2.3 MEXICO 130
10.2.3.1 Increase in productivity and reduction in cost are leading to adoption of neuromorphic computing in various end-use industries in Mexico 130
TABLE 76 NEUROMORPHIC COMPUTING MARKET IN MEXICO, BY VERTICAL,
2018–2020 (USD THOUSAND) 131
TABLE 77 NEUROMORPHIC COMPUTING MARKET IN MEXICO, BY VERTICAL,
2021–2026 (USD THOUSAND) 131
10.3 EUROPE 132
FIGURE 51 SNAPSHOT OF NEUROMORPHIC COMPUTING MARKET IN EUROPE 133
TABLE 78 NEUROMORPHIC COMPUTING MARKET IN EUROPE, BY COUNTRY,
2018–2020 (USD THOUSAND) 134
TABLE 79 NEUROMORPHIC COMPUTING MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD THOUSAND) 134
TABLE 80 NEUROMORPHIC COMPUTING MARKET IN EUROPE, BY VERTICAL,
2018–2020 (USD THOUSAND) 135
TABLE 81 NEUROMORPHIC COMPUTING MARKET IN EUROPE, BY VERTICAL,
2021–2026 (USD THOUSAND) 135
10.3.1 GERMANY 136
10.3.1.1 Medical and automotive industries are attractive markets for neuromorphic computing in Germany 136
TABLE 82 NEUROMORPHIC COMPUTING MARKET IN GERMANY, BY VERTICAL,
2018–2020 (USD THOUSAND) 136
TABLE 83 EUROMORPHIC COMPUTING MARKET IN GERMANY, BY VERTICAL,
2021–2026 (USD THOUSAND) 137
10.3.2 UK 137
10.3.2.1 Aerospace, military & defense, IT & telecom, and automotive are major verticals for neuromorphic computing in UK 137
TABLE 84 NEUROMORPHIC COMPUTING MARKET IN UK, BY VERTICAL,
2018–2020 (USD THOUSAND) 138
TABLE 85 NEUROMORPHIC COMPUTING MARKET IN UK, BY VERTICAL,
2021–2026 (USD THOUSAND) 138
10.3.3 FRANCE 139
10.3.3.1 Increasing funding and rising number of AI startups are expected to boost penetration of AI in France 139
TABLE 86 NEUROMORPHIC COMPUTING MARKET IN FRANCE, BY VERTICAL,
2018–2020 (USD THOUSAND) 139
TABLE 87 NEUROMORPHIC COMPUTING MARKET IN FRANCE, BY VERTICAL,
2021–2026 (USD THOUSAND) 139
10.3.4 ITALY 140
10.3.4.1 Automotive vertical is driving adoption of AI in Italy 140
TABLE 88 NEUROMORPHIC COMPUTING MARKET IN ITALY, BY VERTICAL,
2018–2020 (USD THOUSAND) 140
TABLE 89 NEUROMORPHIC COMPUTING MARKET IN ITALY, BY VERTICAL,
2021–2026 (USD THOUSAND) 141
10.3.5 SPAIN 141
10.3.5.1 Automotive vertical is expected to contribute significantly to neuromorphic computing market in Spain 141
TABLE 90 NEUROMORPHIC COMPUTING MARKET IN SPAIN, BY VERTICAL,
2018–2020 (USD THOUSAND) 141
TABLE 91 NEUROMORPHIC COMPUTING MARKET IN SPAIN, BY VERTICAL,
2021–2026 (USD THOUSAND) 142
10.3.6 REST OF EUROPE 142
TABLE 92 NEUROMORPHIC COMPUTING MARKET IN REST OF EUROPE, BY VERTICAL, 2018–2020 (USD THOUSAND) 143
TABLE 93 NEUROMORPHIC COMPUTING MARKET IN REST OF EUROPE, BY VERTICAL, 2021–2026 (USD THOUSAND) 143
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10.4 APAC 144
FIGURE 52 SNAPSHOT OF NEUROMORPHIC COMPUTING MARKET IN ASIA PACIFIC 145
TABLE 94 NEUROMORPHIC COMPUTING MARKET IN APAC, BY COUNTRY,
2018–2020 (USD THOUSAND) 145
TABLE 95 NEUROMORPHIC COMPUTING MARKET IN APAC, BY COUNTRY,
2021–2026 (USD THOUSAND) 146
TABLE 96 NEUROMORPHIC COMPUTING MARKET IN APAC, BY VERTICAL,
2018–2020 (USD THOUSAND) 146
TABLE 97 NEUROMORPHIC COMPUTING MARKET IN APAC, BY VERTICAL,
2021–2026 (USD THOUSAND) 147
10.4.1 CHINA 147
10.4.1.1 China is largest market globally for image recognition and signal recognition applications 147
TABLE 98 NEUROMORPHIC COMPUTING MARKET IN CHINA, BY VERTICAL,
2018–2020 (USD THOUSAND) 148
TABLE 99 NEUROMORPHIC COMPUTING MARKET IN CHINA, BY VERTICAL,
2021–2026 (USD THOUSAND) 148
10.4.2 JAPAN 148
10.4.2.1 Aerospace, military & defense and IT & telecom are key industries in Japan for neuromorphic computing market 148
TABLE 100 NEUROMORPHIC COMPUTING MARKET IN JAPAN, BY VERTICAL,
2018–2020 (USD THOUSAND) 149
TABLE 101 NEUROMORPHIC COMPUTING MARKET IN JAPAN, BY VERTICAL,
2021–2026 (USD THOUSAND) 149
10.4.3 SOUTH KOREA 150
10.4.3.1 South Korean economy is majorly driven by consumer electronics and automotive industries 150
TABLE 102 NEUROMORPHIC COMPUTING MARKET IN SOUTH KOREA, BY VERTICAL, 2018–2020 (USD THOUSAND) 150
TABLE 103 NEUROMORPHIC COMPUTING MARKET IN SOUTH KOREA, BY VERTICAL, 2021–2026 (USD THOUSAND) 150
10.4.4 INDIA 151
10.4.4.1 Potential market for neuromorphic computing with rapid progression toward becoming a manufacturing hub 151
TABLE 104 NEUROMORPHIC COMPUTING MARKET IN INDIA, BY VERTICAL,
2018–2020 (USD THOUSAND) 151
TABLE 105 NEUROMORPHIC COMPUTING MARKET IN INDIA, BY VERTICAL,
2021–2026 (USD THOUSAND) 151
10.4.5 REST OF APAC 152
TABLE 106 NEUROMORPHIC COMPUTING MARKET IN REST OF APAC, BY VERTICAL, 2018–2020 (USD THOUSAND) 152
TABLE 107 NEUROMORPHIC COMPUTING MARKET IN REST OF APAC, BY VERTICAL, 2021–2026 (USD THOUSAND) 153
10.5 ROW 153
TABLE 108 NEUROMORPHIC COMPUTING MARKET IN ROW, BY REGION,
2018–2020 (USD THOUSAND) 153
TABLE 109 NEUROMORPHIC COMPUTING MARKET IN ROW, BY REGION,
2021–2026 (USD THOUSAND) 153
TABLE 110 NEUROMORPHIC COMPUTING MARKET IN ROW, BY VERTICAL,
2018–2020 (USD THOUSAND) 154
TABLE 111 NEUROMORPHIC COMPUTING MARKET IN ROW, BY VERTICAL,
2021–2026 (USD THOUSAND) 154
10.5.1 MIDDLE EAST & AFRICA 155
10.5.1.1 Countries such as South Africa and UAE are contributing to growth of neuromorphic computing market in MEA 155
TABLE 112 NEUROMORPHIC COMPUTING MARKET IN MIDDLE EAST & AFRICA,
BY VERTICAL, 2018–2020 (USD THOUSAND) 155
TABLE 113 NEUROMORPHIC COMPUTING MARKET IN MIDDLE EAST & AFRICA,
BY VERTICAL, 2021–2026 (USD THOUSAND) 156
10.5.2 SOUTH AMERICA 156
10.5.2.1 Increasing adoption of image and signal recognition applications for security and surveillance purposes is driving market growth in South America 156
TABLE 114 NEUROMORPHIC COMPUTING MARKET IN IN SOUTH AMERICA, BY VERTICAL, 2018–2020 (USD THOUSAND) 156
TABLE 115 NEUROMORPHIC COMPUTING MARKET IN IN SOUTH AMERICA, BY VERTICAL, 2021–2026 (USD THOUSAND) 157
11 COMPETITIVE LANDSCAPE 158
11.1 OVERVIEW 158
11.2 REVENUE ANALYSIS FOR NEUROMORPHIC COMPUTING MARKET, 2020 158
TABLE 116 TOP FIVE PLAYERS IN NEUROMORPHIC COMPUTING MARKET,
2016–2020 (USD BILLION) 158
11.3 MARKET SHARE ANALYSIS, 2020 159
FIGURE 53 SHARE OF MAJOR PLAYERS IN NEUROMORPHIC COMPUTING MARKET, 2020 159
TABLE 117 NEUROMORPHIC COMPUTING MARKET: MARKET SHARE ANALYSIS (2020) 159
11.4 RANKING OF KEY PLAYERS IN NEUROMORPHIC COMPUTING MARKET 160
FIGURE 54 NEUROMORPHIC COMPUTING MARKET: RANKING OF KEY PLAYERS, 2020 160
11.5 COMPANY EVALUATION QUADRANT 162
11.5.1 STAR 162
11.5.2 PERVASIVE 162
11.5.3 EMERGING LEADER 162
11.5.4 PARTICIPANT 162
FIGURE 55 NEUROMORPHIC COMPUTING MARKET: COMPANY EVALUATION QUADRANT, 2020 163
11.6 STARTUP/SME EVALUATION QUADRANT 164
11.6.1 PROGRESSIVE COMPANY 164
11.6.2 RESPONSIVE COMPANY 164
11.6.3 DYNAMIC COMPANY 164
11.6.4 STARTING BLOCK 164
FIGURE 56 NEUROMORPHIC COMPUTING MARKET: STARTUP/SME EVALUATION QUADRANT, 2020 165
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11.7 NEUROMORPHIC COMPUTING MARKET: COMPANY FOOTPRINT 166
TABLE 118 FOOTPRINT OF COMPANIES 166
TABLE 119 APPLICATION FOOTPRINT OF COMPANIES 167
TABLE 120 PRODUCT FOOTPRINT OF COMPANIES 168
TABLE 121 REGIONAL FOOTPRINT OF COMPANIES 169
11.8 COMPETITIVE SCENARIO 170
FIGURE 57 MARKET EVALUATION FRAMEWORK: PRODUCT LAUNCHES/DEVELOPMENTS, COLLABORATIONS, AND ACQUISITIONS WERE MAJORLY ADOPTED
BY MARKET PLAYERS FROM 2017 TO 2021 170
11.9 COMPETITIVE SITUATIONS AND TRENDS 171
11.9.1 PRODUCT LAUNCHES 171
TABLE 122 NEUROMORPHIC COMPUTING MARKET: PRODUCT LAUNCHES, 2017–2021 171
11.9.2 DEALS 174
TABLE 123 NEUROMORPHIC COMPUTING MARKET: DEALS, 2017–2021 174
12 COMPANY PROFILES 176
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS 176
12.1.1 INTEL CORPORATION 176
TABLE 124 INTEL CORPORATION: BUSINESS OVERVIEW 176
FIGURE 58 INTEL CORPORATION: COMPANY SNAPSHOT 177
12.1.2 IBM CORPORATION 180
TABLE 125 IBM CORPORATION: BUSINESS OVERVIEW 180
FIGURE 59 IBM CORPORATION: COMPANY SNAPSHOT 181
12.1.3 BRAINCHIP HOLDINGS LTD. 184
TABLE 126 BRAINCHIP HOLDINGS LTD: BUSINESS OVERVIEW 184
FIGURE 60 BRAINCHIP HOLDINGS LTD: COMPANY SNAPSHOT 185
12.1.4 QUALCOMM 188
TABLE 127 QUALCOMM: BUSINESS OVERVIEW 188
FIGURE 61 QUALCOMM: COMPANY SNAPSHOT 188
12.1.5 HEWLETT PACKARD ENTERPRISE 191
TABLE 128 HEWLETT PACKARD ENTERPRISE: BUSINESS OVERVIEW 191
FIGURE 62 HEWLETT PACKARD ENTERPRISE: COMPANY SNAPSHOT 192
12.1.6 SAMSUNG ELECTRONICS LIMITED 195
TABLE 129 SAMSUNG ELECTRONICS LIMITED: BUSINESS OVERVIEW 195
FIGURE 63 SAMSUNG ELECTRONICS LIMITED: COMPANY SNAPSHOT 196
12.1.7 HRL LABORATORIES, LLC 198
12.1.8 GENERAL VISION INC. 200
12.1.9 APPLIED BRAIN RESEARCH, INC. 201
12.1.10 VICARIOUS 203
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12.2 OTHER COMPANIES 204<