Artificial Neural Network Market Size & Analysis - Forecasts To 2025 By Type (FeedForward, Feedback), By Application (Aerospace & Defense, Automotive & Transportation, Electronics & Telecommunication, Financials, Industrial, Medical, Others), By Region (North America, Europe, Asia-Pacific, Central & South America, Middle East & Africa), End-Use Landscape, Vendor Landscape, Market Share Analysis & Competitive Landscape - Global Market Estimates
Artificial Neural Network: Market Insights
The artificial neural network market is projected to experience a double digit growth over the coming years on account of rapid develop in artificial intelligence and deep learning. Growing rate of technological adoption in the aerospace & defence industry is expected to foster market growth.
The artificial neural network has a wide range of applications from machine vision, robotics, smart motion, medical & satellite imaging, speech & voice recognition, drug discovery, and data mining among others.
Artificial Neural Network Market: Type Insights
On the basis of type, the artificial neural network market is segmented into FeedForward and Feedback. FeedForward is used to feed information to various units; however no inputs are received back. FeedBack ANN allows feedback loops to gain the best possible analysis.
Artificial Neural Network Market: Application Insights
On the basis of application, the artificial neural network is segmented into aerospace & defense, automotive & transportation, electronics & telecommunication, financials, industrial, medical, and others. In the aerospace and defense sector ANN is used to detect aircraft faults, weapon orientation, target tracking, facial recognition, image identification, and to autopilot aircrafts among others.
Large investments in the healthcare sector are expected to induce demand for ANN. ANN is used in cancer cell analysis, ECG & EEG analysis, transplant time optimization and prosthetic design among others. Large demand for faster and smarter electronics is also expected to propel demand for ANN.
Artificial Neural Network Market: Regional Insights
The demand for artificial neural network market is expected to gain the highest traction in the North American market. The U.S. is expected to invest heavily in the artificial intelligence sector. Rapid adoption of technologies in the aerospace & defense sector is also projected to augment market demand over the coming years.
The Asia Pacific region is expected to grow at a high CAGR over the coming years on account of technological developments and research activities undertaken in the military, BFSI, automotive & transportation, and electronics & telecommunication industry. The region is one of the largest producers and developers of electronics, automotives, and telecommunications equipment.
Artificial Neural Network Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Artificial Neural Network Market: End-Use Landscape
The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others. Some of the companies who are likely to use artificial neural network include Boeing, General Atomics, and Northrop Grumman among others.
Artificial Neural Network: Market Share & Competitor Analysis
Some of the prominent companies engaged in artificial neural network market include Google Inc., Intel Corporation, Hu:toma Artificial Intelligence, Atomwise, Artificial Intelligence Techniques, Ltd., Neurala, Inc., DeePhi Tech, and TheWhollySee Company Ltd. among others. The rapid adoption of artificial intelligence in various applications is projected to positively influence demand over the coming years.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Artificial Neural Network Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Artificial Neural Network Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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