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The growth of the market is attributed to the requirement of better performing ICs and increase in demand for AI and machine learning<br>
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Neuromorphic Processing Market Size Worth USD 11.29 Billion By 2027 www.emergenresearch.com The growth of the market is attributed to the requirement of better performing ICs and increase in demand for AI and machine learning
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Market Summary The global Neuromorphic Processing Market is projected to reach USD 11.29 billion by 2027, according to a recent report by Emergen Research. The primary factors driving the growth of the market include expansion within the sensors market; increasing demand for AI and machine learning; faster adoption of software in applications like continuous online learning, predictive analysis, real-time data streaming and data modelling; requirement for efficient ICs; accelerating demand for neuromorphic processing in applications like machine vision, video monitoring and voice identification. The main advantage of neuromorphic chips is that they can process the knowledge faster than the regular processors, which helps the defense industry in processing battlefield data, including resource and weapon management. The growing requirement for testing and transmitting signals in this industry is mainly driving the expansion of the neuromorphic computing marketplace for the aerospace and defense industry. www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • In July 2019, an 8 million-neuron neuromorphic system named Pohoiki Beach was launched by Intel Corporation. It has 64 Loihi research chips developed for the research community. Pohoiki Beach allows the researchers to experiment with brain-inspired research chip, Loihi in order to rescale the neural-inspired algorithms that comprises of sparse coding, path planning and simultaneous localization and mapping (SLAM). • The signal recognition technology is being utilized across a wide range of applications, due to the rigorous advancements in computing power leading to the widespread adoption of mobile and cloud-based engineering, which makes it the fastest growing application for neuromorphic computing. Black lead which is expandable in nature is the most preferred flame agent. This is because any business considers this as an environmentally friendly answer to the matter. • The market is highly consolidated, with the presence of the major traditional players who are investing heavily in research and development of neuromorphic processing. Moreover, the market being in its nascent stage, neuromorphic processing includes various stakeholders that include neuromorphic hardware chip manufacturers, educational institutions, research labs, technical experts and system companies. The stakeholders are currently collaborating with one another to enhance the performance of neuromorphic computing systems. • Request Free Sample Copy@ https://www.emergenresearch.com/request-sample/149 www.emergenresearch.com
Market Summary • For the purpose of this report, Emergen Research has segmented into the global Neuromorphic Processing Market on the applications, end user and region: • Applications Outlook (Revenue, USD Billion; 2017-2027) • Signal Processing • Image Processing • Data Processing • Object Detection • Others • End User Outlook (Revenue, USD Billion; 2017-2027) • Consumer Electronics • Automotive • Healthcare • Military and Defense • Others • Read More@https: //www.emergenresearch.com/industry-report/neuromorphic-processing-market
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