Press Release
Press Release
The neuromorphic computing industry is being aided by the rising demand to handle all the computing powers and eliminate data transfers to servers while allowing on-demand activity. Neuromorphic computing uses mathematics, physics, computer science, neuroscience, biology, and electronic engineering fundamentals to mimic the functions of a mammal brain. The development of organic electrochemical transistors, which can have both long- and short-term memory and form a new connection like the human brain, is expected to boost the industry growth. Moreover, neuromorphic computing can also create artificial retinas and increase human productivity, consequently augmenting the market growth. Additionally, recent researches in the field of neuromorphic computing reveal its excellent usage in redefining and personalising the health care industry, which is expected to propel the market growth in the forecast years.
Intel Corporation (NASDAQ: INTC), one of the leading players, developed Intel’s Pohoiki Beach in 2019. It is an eight million neuron neuromorphic system comprising 64 Loihi research chips, which applies the principles found in biological brains to computer architecture. Moreover, it enables users to process information up to 1,000 times faster and 10,000 times more efficiently than the central processing units for specialised applications like graph search, sparse coding, and constraint satisfaction problems. In addition, it demonstrates the benefits of a specialised architecture for emerging applications, which increases the efficiency and speed for real-world applications ranging from autonomous vehicles to smart homes to cybersecurity. Additionally, Intel announced in July 2019 that the neuromorphic computing system is available to the broader research community. The system delivered breakthrough results in the research test; this will not only promote the development of the products but also further facilitate the overall market growth in the forecast period.
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The major players in the global market for neuromorphic computing are Intel Corporation, BrainChip Holdings Ltd, General Vision Inc., and IBM Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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