Neuromorphic Computing Industry- Regional Synopsis
North American Market Forecast
The North American neuromorphic computing market is estimated to garner significant revenue by the end of 2037. The growing demand for artificial-based voice speech recognition technology, along with rising government investments and efforts to enhance the use of neuromorphic technology is fueling market gain. The increasing demand for the integration of neuromorphic computing in the region in various end-user sectors such as physical science, nanotechnology, electrical engineering, computer engineering, and neuroscience is propelling the market size expansion in the countries such as the United States. The increasing need for energy-efficient, portable technology with endurance and mobility enhancement for soldiers in the military is anticipated to drive the market share.
APAC Market Analysis
The Asia Pacific neuromorphic computing market is anticipated to achieve notable progress during the coming years. The growing use of artificial intelligence, data analytics, the Internet of Things (IoT), and other technologies is driving the market share. The increasing efforts by people to apply neuromorphic technology in electronic devices, and the use of neuromorphic chips in the computing architecture to resemble the structure of neural networks are set to influence the neuromorphic computing market in the Asia Pacific region. is hiking the market size.
