DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/g9l49j/neuromorphic_chip) has announced the addition of the "Neuromorphic Chip Market by Application, End-User Industry and Geography - Global Forecast & Analysis to 2016-2022" report to their offering.
The global neuromorphic chip market is expected to grow at a CAGR of 26.31% to reach USD 4,798.96 Million by 2022
The key application segments of the neuromorphic chip market included in the report are image recognition, speech recognition, and data mining. Of the application segments, the image recognition segment is expected to be the largest contributor to the overall neuromorphic chip market, accounting for a share of 45.90% of the market in 2016. This report segments the neuromorphic chip market on the basis of application, end user industry, and geography.
The application segments are image recognition, signal processing, and data processing. Image recognition is expected to hold the highest market share and grow at the highest CAGR of 31.73% between 2016 and 2022. The growth in image recognition is attributable to its extensive use across multiple industries. The initial prototypes demonstrated imply that the image recognition applications would be driven by video monitoring and medical imaging subapplications.
As a result its market size in terms of volume is expected to increase during the forecast period. Signal recognition is expected to hold the second-highest market share and grow at a CAGR of 23.65% between 2016 and 2022.
The key players in this industry include Samsung Group (South Korea), IBM Corp. (U.S.), Intel Inc. (U.S.), Qualcomm Inc. (U.S.), Hewlett Packard Company (U.S.), General Vision Inc. (U.S.) and others.
Full List of Companies Mentioned
- Brain Corporation
- General Vision
- HRL Laboratories, LLC
- Hewlett Packard Corp.
- Intel Corp.
- International Business Machine Corporation
- Qualcomm Inc.
- Samsung Group.
For more information visit http://www.researchandmarkets.com/research/g9l49j/neuromorphic_chip