Neuromorphic Computing Market Insights:
Neuromorphic Computing Market size was valued at USD 47.12 Million in 2021, registering a CAGR of 79.1 % during the forecast period (2022-2030), and the market is projected to be worth USD 8.93 Billion by 2030.
Neuromorphic Computing is the most recent technical advancement in the field of Artificial Intelligence, with an emphasis on expanding Artificial Intelligence into areas that resemble human cognition, such as autonomous adaptations and interpretations. This is a big technical advancement over Artificial Intelligence, which is made of neural networks and algorithms, and whose outputs have been mostly based on the trend that a certain data observed in the past, with no human context to the issue statement.
Neuromorphic Computing Market Research Report” was just released by Market Research Community. It is divided into several categories, including Offering (Hardware and Software), Deployment (Edge Computing and Cloud Computing), application (Image Recognition, Signal Recognition, Data Mining, Others), Industry Vertical (Consumer electronics, Automotive, IT & Telecom, Aerospace & Defense, Industrial, Healthcare, Others) and companies (Electronics Ltd, Samsung Electronics Ltd., General Vision Inc., Applied Brain Research Inc., Numenta, Vicarious, IBM Corporation, Intel Corporation, BrainChip Holdings Ltd., Qualcomm Incorporated, Samsung), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 79.1 %, over the forecast period of 2022–2030
The increased adoption of Neuromorphic Computing in the Next Generation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Neuromorphic Computing also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Neuromorphic Computing in many sectors also boosts the market growth during the forecast period.
Neuromorphic Computing Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||8.93 Billion|
|CAGR (2022-2030)||79.1 %|
|By offering||Hardware and Software|
|By Application||Image Recognition, Signal Recognition, Data Mining, Others|
|By Deployment||Edge Computing and Cloud Computing|
|By Industry Vertical||Consumer electronics, Automotive, IT & Telecom, Aerospace & Defense, Industrial, Healthcare, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Electronics Ltd, Samsung Electronics Ltd., General Vision Inc., Applied Brain Research Inc., Numenta, Vicarious, IBM Corporation, Intel Corporation, BrainChip Holdings Ltd., Qualcomm Incorporated, Samsung|
Neuromorphic Computing Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Neuromorphic Computing market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Electronics Ltd, Samsung Electronics Ltd., General Vision Inc., Applied Brain Research Inc., Numenta, Vicarious, IBM Corporation, Intel Corporation, BrainChip Holdings Ltd., Qualcomm Incorporated, Samsung
Neuromorphic Computing Market Segment Analysis:
- Image Recognition
- Signal Recognition
- Data Mining
By industry vertical
- Consumer electronics
- IT & Telecom
- Aerospace & Defense
- Edge Computing
- Cloud Computing
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Neuromorphic Computing industries in the region.
Key Neuromorphic Computing Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Neuromorphic Computing Market segments.
– Largest Market Share Held by Industry to Industry for Neuromorphic Computing
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Neuromorphic Computing Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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