Neuromorphic Computing Market to Witness Comprehensive Growth by 2030

Neuromorphic Computing Market Expected to Reach $8,583.98 Million By 2030

WILMINGTON, DE, UNITED STATES, March 14, 2025 /EINPresswire.com/ -- The neuromorphic computing market share is expected to witness the highest growth rate during the forecast period, owing to a rise in demand for artificial intelligence and machine learning technology and high usage of software in neuromorphic computing. In addition, various product launches and advancements in technologies in the neuromorphic computing market are anticipated to have a huge growth during the forecast period. Allied Market Research, titled, “Neuromorphic Computing Market By Offering, Deployment, Application, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030”, the global neuromorphic computing market size was valued at $26.32 million in 2020, and projected to reach $8,583.98 million by 2030, registering a CAGR of 79.0%. North America is expected to be the leading contributor to the global market during the forecast period, followed by Asia-Pacific and Europe.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://www.alliedmarketresearch.com/request-sample/A13743

Neuromorphic computing aims at processing information in a way similar to the human brain. Instead of a conventional von Neumann computer, a neuromorphic system generally relies on a neural network, where memory and processing elements are intimately co-located within the same hardware. Neuromorphic computing takes advantage of computational memories, which can both store and process data via physical laws within the device and the circuit. This summarizes the history and main concepts of neuromorphic computing, including both deep neural networks (DNNs) which are adopted for extensive artificial intelligence tasks, such as driverless cars, and spiking neural networks (SNNs), which aim at a more realistic brain-inspired computation.

Neuromorphic computing gets its inspiration from the human brain’s architecture and dynamics to create energy-efficient hardware for information processing, making it capable of highly sophisticated tasks. Neuromorphic computing includes the production and use of neural networks. It takes its inspiration from the human brain to design computer chips that can merge memory and processing.

Recently, Intel Corporation delivered 50 million artificial neurons to Sandia National Laboratories, which is equivalent to the brain of a small mammal. The shipment is the first in a three-year series, by the end of which they are expecting the number of experimental neurons in the final model to reach 1 billion or more. This collaboration aims to boost neuromorphic computing solutions to newer heights while prototyping the software, algorithms, and architectures.

𝐆𝐞𝐭 𝐚 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/request-for-customization/A13743

Prominent factors that impact the neuromorphic computing market growth include a rise in demand for artificial intelligence and machine learning technology, high usage of software in neuromorphic computing, and a rise in demand for better-performing integrated circuits (ICs). However, the rise in the complexity of algorithms and backend operations restricts market growth. On the contrary, an increase in the adoption of neuromorphic chips in the automotive industry is expected to create lucrative opportunities for the market. Therefore, these factors are expected to affect the global neuromorphic computing industry during the forecast period.

Region-wise, the neuromorphic computing market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Taiwan, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is dominating the market due to rising awareness about the benefits of neuromorphic computing in industries such as aerospace, military & defense, and healthcare. The overall neuromorphic computing market analysis is determined to understand the profitable trends to gain a stronger foothold.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- In 2020, the hardware segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 77.00% during the forecast period.
- The image recognition segment accounted for more than 40% of the global neuromorphic computing market share in 2020.
- The consumer electronics segment witnessed the highest growth rate during the forecast period.
- The UK was the major shareholder in the European neuromorphic computing market revenue, accounting for approximately 26% share in 2020.

The key players profiled in the report include IBM Corporation (US), Intel Corporation (US), BrainChip Holdings Ltd. (US), Qualcomm Incorporated (US), Hewlett Packard Development LP (US), Samsung Electronics Ltd. (South Korea), General Vision Inc. (US), L Applied Brain Research Inc. (US), Numenta (US), and Huawei Technologies (China). These players have adopted various strategies, such as partnership, agreement, collaboration, and product launch, to expand their foothold in the neuromorphic computing industry.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A13743

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

David Correa
Allied Market Research
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