Efforts to Enhance Artificial Intelligence will Define Success of Global Neuromophic Chips Market

The idea of neuromorphic computing was first introduced by Carver Mead in the late 1980s. The idea was intended towards using the very-large-scale integration (VLSI) systems equipped with electronic analog circuits to mimic neuro-biological systems present in the human body. The development of this unique branch of engineering stemmed from Mead’s prediction that future computers would use ten million times more energy as compared to the human brain to deliver quick and efficient results. The effort to bridge this gap resulted in the birth of neuromorphic computing or neuromorphic engineering. In modern times, neuromorphic chips, which have been minimized in size to fit inside electronic devices or the human body, are used in a wide range of applications. A popularly seen application of neuromorphic chips is in the development of artificial intelligence.

Q.  How have neuromorphic chips enhanced artificial intelligence?

A. IBM, the technology giant, reported that it has been working on developing a computer chip that is expected to operate with the same intelligence as that of a rodent. The project, TrueNorth, started in 2008 with an aim to establish and enhance deep-learning in artificial intelligence. The announcement came in August 2015 that the company is working with Systems of Neuromorphic Adaptive Plastic Scalable Electronics, or SyNAPSE, to materialize this project. On a similar note, Qualcomm has also been working on integrating neuromorphic chips into silicon chips to process sensory data. The increasing investments to add value to the research and development of neuromorphic engineering promises to accelerate the progress in artificial intelligence, making machines act more humanlike.

Q. How will end users of neuromorphic chips benefit from these developments?

A. The application of neuromorphic chips is seen in the areas of defense and aerospace, medical, industrial, automotive, industrial, and others. These chips are used for data processing, signal processing, and image recognition, amongst other things. According to Qualcomm, the integration of neuromorphic chips in medical devices and sensors could help in tracking the vital signs of a patient and altering the medicine dosages or pointing out worrisome signs at an early stage.

Q. How will neuromorphic chips impact everyday lives?

A. The brain-inspired chips are blurring the boundary between biological mechanisms and technology. The powerful computing technology of neuromorphic chips is expected to boost the sectors such as aerospace and defense by allowing drones to process and react to visual cues in a far more intelligent manner. The data-crunching ability of these chips will also benefit the medical sector and revolutionize the experiment of self-driving cars by being as receptive as the human brain. The ability of neuromorphic chips to anticipate, learn, and react beyond the pre-programmed solutions is expected to impact everyday lives of users in the coming few years.

According to a research report published by Transparency Market Research, the global neuromorphic chips market was valued at US$396.1 mn in 2014. By the end of 2023, this market is expected to reach a valuation of US$1,801.9 mn, expanding at a CAGR of 19.1% between 2015 and 2023. Analysts predict that the growing demand for the miniaturization of integrated circuits will propel the overall market to reach the estimated figures. However, the transformations it brings about in the field of artificial intelligence will be an interesting event to observe closely as the world closes in on this decade. Overcoming complexities of designing hardware for neuromorphic chips will be the biggest challenge that this market will have to overcome to make the difference it aims to.

Green Coffee Bean Extract Market Driven by Increasing Demand for Dietary Supplements

Green coffee bean extract is obtained from coffee beans before they are roasted. The chemical composition of coffee beans changes drastically due to the roasting process; primarily, the roasting process gets rid of significant quantities of chlorogenic acid. The USP of green coffee bean extract is the retained chlorogenic acid, which is purportedly beneficial in weight loss. Chlorogenic acid is claimed to have an effect on the way the body metabolizes glucose and slow down the absorption of the same into the bloodstream following digestion.

Increasing Demand for Dietary Supplements Drives Green Coffee Bean Extract Market

The primary driver for the global green coffee bean extract market is the established presence of the dietary supplements industry in developed regions and the easy availability of distribution channels. Due to the increasingly hectic lifestyle of modern consumers, dietary supplements with purported health benefits are becoming increasingly popular. Dietary supplements can top up the nutritional profile of a consumer’s diet, making up for the absence of a well-balanced diet.

In developing regions, the increasing Westernization of the indigenous culture and the increasing spending power of consumers have driven the market for green coffee bean extract market. The increasing awareness about dietary supplements among consumers in countries such as India, South Korea, China, and Japan is another major driver for the green coffee bean extract market in Asia Pacific.

Lack of Scientific Evidence of Health Claims Restrains Green Coffee Bean Extract Market

Despite the increasing popularity of green coffee bean extract, the market is held back by the lack of scientific backing to the health claims promoted by vendors. The sale of green coffee bean extract for weight loss is highly regulated in North America, where the FDA has distanced itself from the green coffee bean extract market. Improved trials to demonstrate the efficacy of green coffee bean extract is the major opportunity for vendors operating in the global market for the same.

Global Solar Microinverter and Power Optimizers Market Driven by Increased Efficiency of Power Generation

Solar microinverters and power optimizers are an increasingly important segment of the global solar energy market. Similar to solar PV, microinverters and power optimizers allow users to boost the performance of solar power generation units by making them more efficient. Though the usage of inverters is common in solar power generation, string inverters have been the norm so far. The rising use of module-level power electronics in solar power generation units is expected to remain a marked feature of the global solar power market in the coming years.

Efficiency Boost Provided by Solar Microinverters and Power Optimizers Driving Global Market

Among the many factors propelling the global solar microinverters and power optimizers market, the increased efficiency of solar power generation with their use is the major one. Solar microinverters and power optimizers increase the power output of a solar power generation unit by as much 25%. The difference between the performances is more conspicuous when the unit is placed in a partially shadowed area, where microinverters and power optimizers are of particular use. Due to the lack of consistent sunlight in urban settings, solar microinverters and power optimizers are becoming increasingly popular in urban installations.

The dropping prices of energy storage systems to complement solar power generation systems are also beneficial for the global solar microinverters and power optimizers market. Since solar energy generation systems can’t work without sunshine, complementary energy storage systems are needed to make solar power feasible in residential and commercial areas. This has been helpful for the global solar microinverter and power optimizers market; the demand for efficient power generation and storage systems has thus grown in recent years. This method of utilization of solar power is set to become the defining trend in the global solar power market due to its high efficiency, which will indirectly drive the global solar microinverters and power optimizers market.

North America Leads Global Market, Auto Shut Down Feature to Become Ubiquitous

Due to the early recognition of the benefits of solar power and technological advances therein, North America was the leading regional player in the global solar microinverters and power optimizers market in 2015. The high demand for solar PV units is responsible for this. However, in the coming years, the adoption of microinverters and power optimizers is expected to grow steadily in Asian markets, particularly Japan.

New solar microinverters and power optimizers are also likely to contain a remote or automatic shut-down feature to enhance the safety of the solar power generation unit. The growing regulatory support to this advancement is expected to shape the global solar microinverters and power optimizers market’s trajectory in the coming years.

Entry of New Suppliers as Existing Technology Nears Fruition Threatens Existing Vendors

According to recent reports, Enphase’s microinverter technology is expected to reach price parity with central string inverters in the next two years. However, the steady march of established vendors such as Enphase and SolarEdge is under threat due to the increasing entry of smaller players in the global market.

Increasing their operation in emerging regions has thus emerged as the most promising opportunity for established players. To that end, SolarEdge recently started selling StorEdge, an all-in-one inverter solution, in South Africa. Sustained success in Africa and Asia Pacific is likely to be crucial if these major players are to retain their dominance in the global solar microinverter and power optimizers market.

Silica Flour Market Driven by Expanding Glass, Fiberglass Industries

Silica flour is a finely ground powder of silica particles. Silica flour has a diverse set of applications due to its small particle size, which increases the total surface area of a given volume of silica flour, and its high purity. The production of glass, cultured marble, and fiberglass is one of the most important applications of silica flour and is expected to exhibit increasing demand for silica flour in the coming years.

According to a report published recently by Transparency Market Research, the global silica flour market was valued at US$338.1 mn in 2014. Exhibiting a robust 7% CAGR from 2015 to 2023, the global silica flour market is expected to rise to a valuation of US$618 mn.

Increasing Fiberglass Production Drives Global Silica Flour Market

Fiberglass is the largest application segment of the global silica flour market and took up 25% of the globally produced silica flour in 2014. The share of the fiberglass production application segment in the silica flour is expected to remain dominant in the coming years, with a robust 6% CAGR projected for the segment in the 2015-2023 forecast period.

Fiberglass is one of the best insulating agents available at affordable rates and has thus become popular in the construction industry. The expansion of the construction industry in developing regions is thus likely to drive the silica flour market in the coming years. 

Expanding Glass Market to Propel Global Silica Flour Market

The demand for glass is also driven by the construction industry boom in Asia Pacific and the Middle East, as glass is crucial in any new construction. Like fiberglass, glass production is a major application segment of the global silica flour market. The increasing demand for consumer electronics such as television sets and smartphones and tablets has also been crucial in increasing the global demand for glass, thus indirectly driving the silica flour market.

The Asia Pacific market for silica flour is expected to remain dominant in the coming years due to the rapid expansion of the construction and consumer electronics markets in the region. The APAC silica flour market held a 40% share in the global market in 2014.

Metabolomics Market Driven by Increasing Investments in Life Sciences Research

Metabolomics is the study of the metabolome of a given biological sample. The metabolome of a sample is the complete set of metabolites found in it. Metabolites are formed as a result of the metabolic processes of cells and can be detected and analyzed using metabolomics procedures. The nature of the metabolome of the sample can reveal the nature of the cellular metabolism in it. Furthermore, metabolomic studies can also shed light on the genotypic factors responsible for a metabolic process. This is a crucial factor driving the global metabolomics market and is expected to remain highly influential for the trajectory of the market in light of ongoing advances in genetics.

Use of Metabolomics in Personalized Medicine Drives Global Metabolomics Market

Personalized medicine, which is becoming increasingly popular in developed regions, requires intensive information on the genetic makeup of an individual and how it affects the individual’s metabolic processes. Medicine given to the person can then be customized according to the way the medicine will express in their body and how their genetic makeup will affect the medicine.

Metabolomics is a crucial field in this endeavor, since the data gained from metabolomic studies is reliable as well as comprehensive. Metabolomic procedures are relatively quick to run and can be easily scaled up or down depending on the size of the biological sample. The sample in question can vary from a cell culture to an organism.

Growing Government Support to Life Sciences Research Drives Metabolomics Market

Life sciences research is often the cutting edge of biotechnology and leads to several advances in medicine, nutrition, and other fields related to human health. Due to the growing awareness about the benefits of life sciences research, many governments around the world are beginning to fund it liberally. This is another major driver for the global metabolomics market, as metabolomics is a crucial part of the future of life sciences. North America and Europe are expected to be the major regional markets for metabolomics in the coming years due to the steady government support to life sciences research and the easy incorporation of advanced solutions in healthcare infrastructure in these regions.

Growth of Global Wave and Tidal Energy Market Spurred by Demand for Power from Remote Locations

Bolstered by the recent advances, wave and tidal energy technologies are just beginning to reach their capability as potential commercial power sources. While only a few projects currently exist, the technology is fast exhibiting a huge potential for generating power in remote locations where drawing grid connections will neither be cost-effective nor viable. Wave and tidal energy comprises methods of harnessing power from ocean to generate energy. Owing to the abundance of ocean surface and substantial potential of generating energy across many nations, governments are impelled to pursue wind and tidal energy as an important part of the future renewable energy mix.

What factors are responsible for global wave and tidal energy market’s exponential growth?

A recent analysis by Transparency Market Research has revealed the global wave and tidal energy market to surge at 23.2% CAGR between 2016 and 2024. The report has pegged the market to reach US$11.3 bn by 2024 from a valuation of US$497.7 mn in 2014.

Around 200 companies worldwide are either partially or fully involved in the development of the renewable energy sector comprising wave and tidal energy. A majority of these companies are technology developers offering innovative energy converter devices. Since there is no dominant technology in the wave and tidal energy sector, both are considered to reap economies of scale thereby encouraging large-scale deployment of tidal stream power plants.

Currently, the cost of constructing wave and tidal energy power plants is exorbitant. However, vendors operating in the market are expecting major cost reductions in the future as the industry shifts its focus from prototype testing to a widespread deployment phase. Enterprises operating in the market are also expected to achieve economies of scale from the manufacture of energy converter devices and from the construction of on-shore grid connection infrastructure. Furthermore, the power plants will enjoy cost benefits from the sharing of fixed infrastructure. This will subsequently contribute towards the reduction of tariffs on electricity generation. These are the primary factors aiding the expansion of wave and tidal energy market.

What are the latest projects promising favorable prospects for global wave and tidal energy market?

Strong tidal currents have challenged sailors in the Pentland Firth, a strait that separates Northern Scotland from the Orkney Islands, for centuries. Some of this incredible marine energy is now being utilized through a project called MeyGen. In the summer of 2015, the Atlantic Group had begun the construction of submerged tidal turbines consisting of four three-bladed and seabed-mounted turbines. These turbines are expected to deliver 6 MW to grid by 2016 and power almost 3000 homes in Scotland. Furthermore, Atlantis intends to build 269 turbines capable of generating  over 398 MWs of electricity in the firth by the early 2020s, thus providing power to roughly 200,000 homes. 

Besides this, Oregon-based Northwest Energy Innovations has installed a wave energy conversion device off the coast of Hawaii in June 2015. The turbine has the capacity of extracting power from the horizontal and vertical motions of waves using high-pressure hydraulics. Furthermore, a 45-ton apparatus called Azura has been built in a test facility of the U.S. Navy located off the Kaneohe Bay on Oahu. This is a small experimental device exhibiting a capacity of only 50 KWs. Azura, however, is the first and the only grid-connected wave energy system in the U.S.

Globally, the construction of power plants to capture wind and tidal energy has been increasing at a robust pace. Such rapid proliferation of wave and tidal energy projects will prove lucrative for the market’s future.

Global Simulation and Analysis Software Market Driven by Increasing Demand from Booming Automotive Industry

Simulation and analysis software is a key part of the global product lifestyle management (PLM) market. The market for simulation and analysis software has been driven by the increasing incorporation of computer-aided design solutions in various manufacturing industries. Simulation and analysis software allows manufacturers to assess a product before it is produced, in order to assess its integrity and iron out any errors that may persist in its design. A digital model of the product to be manufactured is created through simulation and analysis software, which can be customized to fit the real-world parameters of the product. This is an incredibly powerful tool for the global manufacturing sector and has rightfully been embraced by several flourishing industries.

Global Automotive Industry Boom Drives Simulation and Analysis Software Market

Among the many factors responsible for the increasing demand for simulation and analysis software, the rapid expansion of the global automotive industry in recent years is a major one. The automotive industry in Europe and North America is at the cutting edge of technological innovation, with German giants such as BMW, Audi, and particularly Mercedes making a name for themselves thanks to their highly sophisticated and technologically products. The increasing prosperity of consumers in emerging economies such as China and India has given established automotive giants significant room to expand, which has resulted in a steady growth in the adoption of simulation and analysis software.

Other major end users of simulation and analysis software include the electrical and electronics industry, the aerospace and defense industry, and the industrial machinery industry. The increasing demand for smartphones and tablets in emerging regions is another major driver for the simulation and analysis software market, as are the military modernization efforts underway in developed giants such as the U.S.

Availability of Open-source Software Restrains Global Simulation and Analysis Software Market

While the global economic landscape appears highly favorable for the global simulation and analysis software market, the market is hamstrung by the easy availability of open-source design assistance software. This is a major restraint on the organized simulation and analysis software market, as emerging players are opting to use the cheaper open-source programs in the market.

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