Brainchip Holdings ¿associated neuromorphic AI IP associated with CVEDIA, an AI-based video analytics solution provider to improve the state-of-the-art in neuromorphic computing and Edge AI. The partnership provided the ability to develop and create video analytics for security, surveillance, ITS, transportation, and retail services without depending on cloud connectivity or extreme energy consumption.
Intel Corporation collaborated with the Italian Institute of Technology and Technical University of Munich to develop a new approach with research on neural network-based object learning. The research helped to enhance the interactive, and continual learning capabilities of robotic assistants and manufacturing robots using neuromorphic computing. The new advancement helped the robots to learn and update about a new object and to recognize and feedback about the known object.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 5017
Published Date: Jun 14, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising application of AI and ML, and the increasing use of cognitive and brain robotics are the major factors driving the market growth.
The market size of neuromorphic computing is anticipated to attain a CAGR of ~92% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are IBM Corporation, Intel Corporation, Brainchip Holdings Limited, Qualcomm Technologies, HP Enterprise, HRL Laboratories LLC, Flow Neuroscience AB, Innatera Nanosystems B.V., Aspinity, Inc., Samsung Electronics Limited, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by offering, deployment, application, end users, and by region.
The hardware segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
An increase in the complexity of algorithms and backend operations, and a lack of knowledge of neuromorphic technology are estimated to be the growth-hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.