Neuromorphic Computing
The Neuromorphic Computing Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Neuromorphic Computing Market?
In recent times, the neuromorphic computing market has witnessed a significant expansion. The projections indicate an increase from $1.44 billion in 2024 to $1.81 billion in 2025, with a compound annual growth rate (CAGR) of 25.7%. Factors contributing to this growth during the historic period include advancements in artificial intelligence (AI), increased utilization of cognitive computing applications, partnerships within the neuromorphic computing sector, the need for real-time processing, and heightened investment and financial backing.
The market size for neuromorphic computing is anticipated to witness a significant surge in the coming years, with projections suggesting it will reach $4.12 billion by 2029, expanding at a compound annual growth rate (CAGR) of 22.8%. This predicted growth during the forecast period is due to the emergence of edge computing, use in self-driven vehicles, ongoing developments in neuromorphic hardware, persistent research programs and scholarly partnerships, and an increasing interest in brain-based computing. Prominent trends for the forecast duration include technological evolution and progress, breakthroughs in quantum computing technology, improvements in semiconductor technology, competition from existing technologies, and automated machine learning.
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What Are the Different Neuromorphic Computing Market Segments?
The neuromorphic computing market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Deployment: Edge Computing, Cloud Computing
3) By Application: Signal Processing, Image Processing, Data Processing, Object Detection, Other Applications
4) By End Use: Consumer Electronics, Automotive, Healthcare, Military And Defense, Other End Uses
Subsegments:
1) By Hardware: Neuromorphic Chips, Processors, Memory Units, Sensors, Interconnects
2) By Software: Neuromorphic Algorithms, Development Tools, Simulation Software, Frameworks For Machine Learning
3) By Services: Consulting Services, Integration Services, Maintenance And Support Services, Training And Development Services
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What Are the Primary Drivers Shaping the Neuromorphic Computing Market?
The increasing need for automated platforms in various industries is projected to stimulate the neuromorphic computing market’s expansion in the coming years. Automated systems encompass the exploitation of diverse techniques and control systems for carrying out and managing industrial processes, eliminating the need for human involvement. Neuromorphic computing can be utilized in independent systems, for example, in robotics, drones, automated vehicles, and artificial intelligence. Moreover, Neuromorphic computing can aid in enhancing automation and efficiency in large-scale processes, customization of products, and in factories. As per data from Eurostat, the statistical agency of the European Union located in Luxembourg, approximately 28% of sizable EU companies employed artificial intelligence technologies in December 2023, and 8% had incorporated these technologies in 2021. Further, roughly 53% of EU companies incorporated commercially available artificial intelligence software or systems in 2021. Consequently, the escalating need for automated platforms in industries is fueling the neuromorphic computing market’s growth.
Which Companies Are Leading in the Neuromorphic Computing Market?
Major companies operating in the neuromorphic computing market report are Intel Corporation, The International Business Machines Corporation (IBM), Samsung Electronics, Qualcomm Technologies Inc., GrAI Matter Labs S.A., SK Hynix Inc., Hewlett Packard Enterprise Ltd., NVIDIA Corporation, Halo Neuroscience Inc., HRL Laboratories LLC, Defense Advanced Research Projects Agency, Perplexity Lab. Inc., Brain Corporation, Cerebras Systems Inc., General Vision Inc., Innatera Nanosystems B.V., Vicarious FPC Inc., Cortical.io, BrainChip Holdings Ltd., aiCTX AG, Knowm Inc., Prophesee S.A., Numenta Inc., Applied Brain Research Co. Ltd., Flow Neuroscience AB
What Are the Major Trends Shaping the Neuromorphic Computing Market?
Key players in the neuromorphic computing sector are emphasising the development of breakthrough technologies like neuromorphic processors that replicate the human brain functions. These processors are engineered to simulate the operational structure of the human brain and nervous system. Illustratively, BrainChip, an AI company headquartered in Australia, unveiled Akida in January 2022. This neural network processor has been designed to facilitate power-efficient AI capabilities for edge devices. The Akida Neuromorphic ML Framework is a comprehensive machine learning platform to conveniently foster the development of neuromorphic applications. The Akida Neural Processor SoC (System on Chip) is an entirely digital, event-driven AI processor utilizing a Spiking Neural Network (SNN) model. This artificial neural network model replicates the method of neuronal communication in the brain. The SNNs employ information spikes or pulses for data representation and transmission, enhancing the competency of event-based processing.
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What Are the Top Revenue-Generating Geographies in the Neuromorphic Computing Market?
North America was the largest region in the neuromorphic computing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuromorphic computing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Neuromorphic Computing Market?
2. What is the CAGR expected in the Neuromorphic Computing Market?
3. What Are the Key Innovations Transforming the Neuromorphic Computing Industry?
4. Which Region Is Leading the Neuromorphic Computing Market?
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