Neuromorphic Computing Market Share, Size, Trends, Industry Analysis Report, By End-use (Consumer Electronics, Automotive, Healthcare, Military & Defense, Others); By Component; By Application; By Deployment; By Region; Segment Forecast, 2023 - 2032

Neuromorphic Computing Market Share, Size, Trends, Industry Analysis Report, By End-use (Consumer Electronics, Automotive, Healthcare, Military & Defense, Others); By Component; By Application; By Deployment; By Region; Segment Forecast, 2023 - 2032

The global neuromorphic computing market size is expected treach USD 29.54 billion by 2032, according ta new study by Polaris Market Research. The report “Neuromorphic Computing Market Share, Size, Trends, Industry Analysis Report, By End-use (Consumer Electronics, Automotive, Healthcare, Military & Defense, Others); By Component; By Application; By Deployment; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight intcurrent market dynamics and provides analysis on future market growth.

Significant aspects influencing the market development include the rising need for Al technologies used in chatter-bots or translations, computer vision & image analysis, language comprehension, non-linear controls, & the robotics offered by the neuromorphic computing such as low energy consumption, increased speed, & optimal memory utilization.

Over the course of the forecast period, the use of neuromorphic computing for security purposes as well as the development and use of neuromorphic chips for brain-based robotics and cognitive robots will open attractive opportunities for market participants. In August 2022, Intel and Accenture are funding a project by Open university of Israel tdevelop a robotic arm thelp patients with the spinal injuries. The project will be supported by the Intel’s neuromorphic technology “Applied Brain Research.”

For space applications, mission success depends on quick and autonomous interpretation of a wide variety of incoming information from numerous sources. Neuromorphic systems have the potential tmake space activities both more autonomous and agile. While deep-learning algorithms and Neuromorphic computing are now used tgive satellites autonomous control capabilities, they may offer additional benefits including the ability for real-time learning. In March 2022, Western Sydney University & the U.S Air Force Academy received neuromorphic data from neuromorphic cameras installed on the International Space Station.

Neuromorphic processors in the automobile sector are gaining traction. Many automotive makers, and transportation and MaaS providers are facing complex AI hurdles. Trun high-fidelity AI simulation for autonomous with virtually infinite scenarios, neuromorphic technology is being used. In January 2023, Socionext, unveiled its automotive custom SoC technology having a wide range of application in ADAS sensors, in-cabin monitoring, and others. It has partnered with BrainChip tdevelop optimized, intelligent sensor data based on neuromorphic, event-based computation.

Neuromorphic Computing Market Report Highlights

Image processing segment is leading the global market for neuromorphic computing owing tthe advances in image sensors and other processing technologies.

Consumer electronics segment accounted for highest revenue share in the global market because of their increasing demand for several consumer electronics products such as laptops, tablets & PCs.

Cloud Computing segment is expected texhibit the highest market growth during the forecast period owing ttheir flexibility tscale resources up or down as necessary, and lower hardware and software startup costs

Europe region is estimated tgrow at a stable CAGR during the projected period on account of the various projects and groups working tfurther the creation.

The global players include IBM, Intel Corporation, BrainChip, Inc., Qualcomm Technologies, Samsung Electronics, General Vision, Applied Brain Research, and Hewlett Packard Enterprise.

Polaris Market Research has segmented the Neuromorphic Computing market report according tapplication, end-use, deployment, component, and region:

Neuromorphic Computing, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Signal Processing

Image Processing

Data Processing

Object Detection

Others

Neuromorphic Computing, End-use Outlook (Revenue - USD Billion, 2019 - 2032)

Consumer Electronics

Automotive

Healthcare

Military & Defense

Others

Neuromorphic Computing, Deployment Outlook (Revenue - USD Billion, 2019 - 2032)

Edge Computing

Cloud Computing

Neuromorphic Computing, Component Outlook (Revenue - USD Billion, 2019 -2032)

Hardware

Software

Neuromorphic Computing, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa