DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Neuromorphic Computing Market - Global Forecast to 2022" report to their offering.
The neuromorphic computing market is expected to grow from USD 6.6 million in 2016 to reach USD 272.9 million by 2022, at a CAGR of 86.0% during the forecast period.
Increasing adoption of software, due to its applications such as continuous online learning, real-time data streaming, predictive analysis, and data modeling, in video monitoring, machine vision, and voice identification applications is expected to be a major driving factor for the growth of the market. Lack of R&D investments and lack of knowledge about neuromorphic computing among consumers are the major restraints of neuromorphic computing market.
Image recognition application holds the largest share of the neuromorphic computing market for the aerospace. Various approaches to allow neuromorphic computing to learn algorithms are based on the image recognition technology. Aerospace & defense is the largest application area for image recognition since it is used for surveillance and security, tracking, and targeting and in drones. Growth in the market for image recognition is expected to be driven by the increasing adoption of drones and UAVs. Video monitoring and machine vision are the major factors driving the growth of the market for image recognition.
Companies Mentioned:
- Applied Brain Research, Inc.
- Brainchip Holdings Ltd.
- General Vision Inc.
- HRL Laboratories, LLC
- Hewlett Packard Enterprise
- Intel Corp.
- International Business Machines Corporation
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Samsung Electronics Limited
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Neuromorphic Computing Market, By Offering
8 Neuromorphic Computing Market, By Application
9 Neuromorphic Computing Market, By Industry
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/jm3s3r/neuromorphic
