Neuromorphic Computing Market - Trends Forecast Till 2028

Market Overview

The global Neuromorphic Computing market is anticipated to reach USD 22,800 thousand in 2021 growing at a CAGR of 89.2% during the forecasting period, 2021-2028.

Neuromorphic computing popularly known as Neuromorphic engineering is a branch of engineering that deals with the integration of analog circuits to mimic the architecture of the nervous system. It is an interdisciplinary subject dealing with not just physics and mathematics but also biology and neuroscience as well. It was first developed and studied by Carver Mead. Neuromemristive system is a subcategory of the branch and deals with the abstract neural network model.

A recent partnership between different industries along with the surge in demand for AI and Machine learning are some of the factors that have supported long-term expansion for the Neuromorphic Computing industry.

Key Findings

The global Neuromorphic Computing market is segmented into Offering, Deployment, Application, Vertical, and geography.

The product segment is segmented into Image Recognition, Signal Recognition, and Data Mining

Application segment is segmented into Aerospace, Military, & Defense, Automotive, Medical

Geographically, the global Neuromorphic Computing market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa and South America, and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in the global Neuromorphic Computing market are Intel Corp. (US), IBM Corporation (US), BrainChip Holdings Ltd. (US), Qualcomm (US), HP Enterprise (US), Samsung Electronics Ltd. (South Korea), HRL Laboratories, LLC (US), General Vision Inc. (US), Applied Brain Research Inc. (US), and Vicarious (US), Numenta (US), Aspinity, Inc. (the US), BrainCo, Inc. (the US), Bit Brain Technologies (Spain), Halo Neuroscience (US), Kernel (US), Nextmind SRL (Italy), Cognixion (US), Neuropace (US), Mindmaze (US), Innatera Nanosystems (Netherlands), MemComputing (US), Natural Intelligence Systems (US), Ceryx Medical (UK), and Koniku (US) among others.

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Report Scope