Europe Machine Learning Chip Market By Type (Neuromorphic Chip, Graphics Processing Unit Chip, Flash Based Chip, Field Programmable Gate Array Chip), Application (Robotics, Automotive, Consumer Electronics, Healthcare)
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Market Report Description
The Europe Machine Learning Chip Market Size would grow at a growth rate of 8.2% CAGR during the forecast period (2016 - 2022).
Machine learning chip is a kind of multiprocessor system which enables the machines to gain human-like intelligence without the need of explicit programming. With the human-like intelligence, the chips are endowed with features such as learning, reasoning, and self-correction. Additionally, machine learning algorithms also use the feedback data to identify the patterns in the new data and accordingly adjust program actions.
The machine learning chips facilitate continuous development of computing through exposure to new scenarios, testing, and adaptation. Machine learning chips can be incorporated into a highly insensitive data transmission platform. Nevertheless, insufficient skilled workforce would have an adverse impact on the performance. The implementation of a reliable and effective technology in the future would reduce complexity. Market leaders have developed low-cost, compact, affordable, and energy-efficient chips to significantly increase the efficiency and durability of the applications. Unprecedented growth in the demand for automated chips is an opportunity to explore for market players. Huge amount of complex data, growth in portable electronic market, and rapid growth in the adoption of Internet of Things (IoT) are the major factors that drive the Europe machine learning chip market.
The Europe machine learning chip market is segmented based on type, application, and country. Based on type, the market is segmented into GPU chip, neuromorphic chip, flash based chip, and FPGA chip. Based on the applications the market is segmented into consumer electronics, automotive, healthcare, robotics, and others. Based on country, Machine Learning Chip market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant country in the Europe Machine Learning Chip market in 2015. France and Russia would witness promising CAGR during the forecast period (2016-2022).
The report covers the analysis of key stake holders of the Machine Learning Chip market. Key companies profiled in the report include Wave Computing, Graphcore Ltd., Google Inc, Intel Corporation, IBM Corporation, Nvidia Corporation, Qualcomm Inc., and Taiwan Semiconductor Manufacturing Company Ltd.