Product Code: PM3061
The global neuromorphic computing market size is expected to reach USD 29.54 billion by 2032, according to a 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 into current 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 to develop a robotic arm to help 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 to make space activities both more autonomous and agile. While deep-learning algorithms and Neuromorphic computing are now used to give 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. To run 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 to develop 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 to the 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 to exhibit the highest market growth during the forecast period owing to their flexibility to scale resources up or down as necessary, and lower hardware and software startup costs
Europe region is estimated to grow at a stable CAGR during the projected period on account of the various projects and groups working to further 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 to application, 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
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Neuromorphic Computing Market Insights
- 4.1. Neuromorphic Computing - Industry Snapshot
- 4.2. Neuromorphic Computing Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing demand for artificial intelligence (AI) based services
- 4.2.1.2. Increasing demand for high-performance ICs
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Complex hardware and software
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Neuromorphic Computing Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Neuromorphic Computing Market, by Component
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 5.3. Hardware
- 5.3.1. Global Neuromorphic Computing Market, by Hardware, by Region, 2019-2032 (USD Billion)
- 5.4. Software
- 5.4.1. Global Neuromorphic Computing Market, by Software, by Region, 2019-2032 (USD Billion)
- 5.5. Services
- 5.5.1. Global Neuromorphic Computing Market, by Services, by Region, 2019-2032 (USD Billion)
6. Global Neuromorphic Computing Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 6.3. Signal Processing
- 6.3.1. Global Neuromorphic Computing Market, by Signal Processing, by Region, 2019-2032 (USD Billion)
- 6.4. Image Processing
- 6.4.1. Global Neuromorphic Computing Market, by Image Processing, by Region, 2019-2032 (USD Billion)
- 6.5. Data Processing
- 6.5.1. Global Neuromorphic Computing Market, by Data Processing, by Region, 2019-2032 (USD Billion)
- 6.6. Object Detection
- 6.6.1. Global Neuromorphic Computing Market, by Object Detection, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Neuromorphic Computing Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Neuromorphic Computing Market, by End-use
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 7.3. Consumer Electronics
- 7.3.1. Global Neuromorphic Computing Market, by Consumer Electronics, by Region, 2019-2032 (USD Billion)
- 7.4. Automotive
- 7.4.1. Global Neuromorphic Computing Market, by Automotive, by Region, 2019-2032 (USD Billion)
- 7.5. Healthcare
- 7.5.1. Global Neuromorphic Computing Market, by Healthcare, by Region, 2019-2032 (USD Billion)
- 7.6. Military & Defense
- 7.6.1. Global Neuromorphic Computing Market, by Military & Defense, by Region, 2019-2032 (USD Billion)
- 7.7. Others
- 7.7.1. Global Neuromorphic Computing Market, by Others, by Region, 2019-2032 (USD Billion)
8. Global Neuromorphic Computing Market, by Deployment
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. Global Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 8.3. Edge
- 8.3.1. Global Neuromorphic Computing Market, by Edge, by Region, 2019-2032 (USD Billion)
- 8.4. Cloud
- 8.4.1. Global Neuromorphic Computing Market, by Cloud, by Region, 2019-2032 (USD Billion)
9. Global Neuromorphic Computing Market, by Geography
- 9.1. Key findings
- 9.2. Introduction
- 9.2.1. Neuromorphic Computing Market Assessment, By Geography, 2019-2032 (USD Billion)
- 9.3. Neuromorphic Computing Market - North America
- 9.3.1. North America: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.3.2. North America: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.3.3. North America: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.3.4. North America: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.3.5. Neuromorphic Computing Market - U.S.
- 9.3.5.1. U.S.: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.3.5.2. U.S.: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.3.5.3. U.S.: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.3.5.4. U.S.: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.3.6. Neuromorphic Computing Market - Canada
- 9.3.6.1. Canada: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.3.6.2. Canada: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.3.6.3. Canada: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.3.6.4. Canada: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.4. Neuromorphic Computing Market - Europe
- 9.4.1. Europe: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.4.2. Europe: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.4.3. Europe: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.4.4. Europe: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.4.5. Neuromorphic Computing Market - UK
- 9.4.5.1. UK: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.4.5.2. UK: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.4.5.3. UK: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.4.5.4. UK: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.4.6. Neuromorphic Computing Market - France
- 9.4.6.1. France: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.4.6.2. France: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.4.6.3. France: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.4.6.4. France: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.4.7. Neuromorphic Computing Market - Germany
- 9.4.7.1. Germany: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.4.7.2. Germany: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.4.7.3. Germany: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.4.7.4. Germany: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.4.8. Neuromorphic Computing Market - Italy
- 9.4.8.1. Italy: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.4.8.2. Italy: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.4.8.3. Italy: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.4.8.4. Italy: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.4.9. Neuromorphic Computing Market - Spain
- 9.4.9.1. Spain: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.4.9.2. Spain: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.4.9.3. Spain: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.4.9.4. Spain: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.4.10. Neuromorphic Computing Market - Netherlands
- 9.4.10.1. Netherlands: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.4.10.2. Netherlands: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.4.10.3. Netherlands: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.4.10.4. Netherlands: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.4.11. Neuromorphic Computing Market - Russia
- 9.4.11.1. Russia: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.4.11.2. Russia.: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.4.11.3. Russia: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.4.11.4. Russia: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.5. Neuromorphic Computing Market - Asia Pacific
- 9.5.1. Asia Pacific: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.5.2. Asia Pacific: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.5.3. Asia Pacific: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.5.4. Asia Pacific: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.5.5. Neuromorphic Computing Market - China
- 9.5.5.1. China: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.5.5.2. China.: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.5.5.3. China: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.5.5.4. China: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.5.6. Neuromorphic Computing Market - India
- 9.5.6.1. India: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.5.6.2. India.: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.5.6.3. India: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.5.6.4. India: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.5.7. Neuromorphic Computing Market - Japan
- 9.5.7.1. Japan: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.5.7.2. Japan.: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.5.7.3. Japan: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.5.7.4. Japan: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.5.8. Neuromorphic Computing Market - Malaysia
- 9.5.8.1. Malaysia: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.5.8.2. Malaysia.: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.5.8.3. Malaysia: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.5.8.4. Malaysia: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.5.9. Neuromorphic Computing Market - Indonesia
- 9.5.9.1. Indonesia: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.5.9.2. Indonesia.: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.5.9.3. Indonesia: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.5.9.4. Indonesia: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.5.10. Neuromorphic Computing Market - South Korea
- 9.5.10.1. South Korea: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.5.10.2. South Korea.: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.5.10.3. South Korea: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.5.10.4. South Korea: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.6. Neuromorphic Computing Market - Middle East & Africa
- 9.6.1. Middle East & Africa: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.6.2. Middle East & Africa: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.6.3. Middle East & Africa: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.6.4. Middle East & Africa: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.6.5. Neuromorphic Computing Market - Saudi Arabia
- 9.6.5.1. Saudi Arabia: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.6.5.2. Saudi Arabia: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.6.5.3. Saudi Arabia: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.6.5.4. Saudi Arabia: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.6.6. Neuromorphic Computing Market - South Africa
- 9.6.6.1. South Africa: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.6.6.2. South Africa: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.6.6.3. South Africa: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.6.6.4. South Africa: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.6.7. Neuromorphic Computing Market - Israel
- 9.6.7.1. Israel: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.6.7.2. Israel: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.6.7.3. Israel: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.6.7.4. Israel: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.6.8. Neuromorphic Computing Market - UAE
- 9.6.8.1. UAE: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.6.8.2. UAE: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.6.8.3. UAE: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.6.8.4. UAE: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.7. Neuromorphic Computing Market - Latin America
- 9.7.1. Latin America: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.7.2. Latin America: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.7.3. Latin America: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.7.4. Latin America: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.7.5. Neuromorphic Computing Market - Mexico
- 9.7.5.1. Mexico: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.7.5.2. Mexico: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.7.5.3. Mexico: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.7.5.4. Mexico: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.7.6. Neuromorphic Computing Market - Brazil
- 9.7.6.1. Brazil: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.7.6.2. Brazil: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.7.6.3. Brazil: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.7.6.4. Brazil: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
- 9.7.7. Neuromorphic Computing Market - Argentina
- 9.7.7.1. Argentina: Neuromorphic Computing Market, by Component, 2019-2032 (USD Billion)
- 9.7.7.2. Argentina: Neuromorphic Computing Market, by Deployment, 2019-2032 (USD Billion)
- 9.7.7.3. Argentina: Neuromorphic Computing Market, by Application, 2019-2032 (USD Billion)
- 9.7.7.4. Argentina: Neuromorphic Computing Market, by End-use, 2019-2032 (USD Billion)
10. Competitive Landscape
- 10.1. Expansion and Acquisition Analysis
- 10.1.1. Expansion
- 10.1.2. Acquisitions
- 10.2. Partnerships/Collaborations/Agreements/Exhibitions
11. Company Profiles
- 11.1. Business Machines Corporation (IBM)
- 11.1.1. Company Overview
- 11.1.2. Financial PerEnd-useance
- 11.1.3. Deployment Benchmarking
- 11.1.4. Recent Development
- 11.2. Intel Corporation
- 11.2.1. Company Overview
- 11.2.2. Financial PerEnd-useance
- 11.2.3. Deployment Benchmarking
- 11.2.4. Recent Development
- 11.3. BrainChip
- 11.3.1. Company Overview
- 11.3.2. Financial PerEnd-useance
- 11.3.3. Deployment Benchmarking
- 11.3.4. Recent Development
- 11.4. Qualcomm Technologies
- 11.4.1. Company Overview
- 11.4.2. Financial PerEnd-useance
- 11.4.3. Deployment Benchmarking
- 11.4.4. Recent Development
- 11.5. Samsung Electronics
- 11.5.1. Company Overview
- 11.5.2. Financial PerEnd-useance
- 11.5.3. Deployment Benchmarking
- 11.5.4. Recent Development
- 11.6. General Vision
- 11.6.1. Company Overview
- 11.6.2. Financial PerEnd-useance
- 11.6.3. Deployment Benchmarking
- 11.6.4. Recent Development
- 11.7. Applied Brain Research
- 11.7.1. Company Overview
- 11.7.2. Financial PerEnd-useance
- 11.7.3. Deployment Benchmarking
- 11.7.4. Recent Development
- 11.8. Hewlett Packard Enterprise
- 11.8.1. Company Overview
- 11.8.2. Financial PerEnd-useance
- 11.8.3. Deployment Benchmarking
- 11.8.4. Recent Development
- 11.9. HRL Laboratories, LLC
- 11.9.1. Company Overview
- 11.9.2. Financial PerEnd-useance
- 11.9.3. Deployment Benchmarking
- 11.9.4. Recent Development
- 11.10. Brain Corporation
- 11.10.1. Company Overview
- 11.10.2. Financial PerEnd-useance
- 11.10.3. Deployment Benchmarking
- 11.10.4. Recent Development
- 11.11. Halo Neuroscience
- 11.11.1. Company Overview
- 11.11.2. Financial PerEnd-useance
- 11.11.3. Deployment Benchmarking
- 11.11.4. Recent Development