Neuromorphic Computing Market Share

North American Market Forecast

The North American neuromorphic computing market is estimated to garner significant revenue by the end of 2035. 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.

Frequently Asked Questions (FAQ)

Rising application of AI and ML, and the increasing use of cognitive and brain robotics are the major factors driving the market growth.

The market size of neuromorphic computing is anticipated to attain a CAGR of ~92% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are IBM Corporation, Intel Corporation, Brainchip Holdings Limited, Qualcomm Technologies, HP Enterprise, HRL Laboratories LLC, Flow Neuroscience AB, Innatera Nanosystems B.V., Aspinity, Inc., Samsung Electronics Limited, and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by offering, deployment, application, end users, and by region.

The hardware segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

An increase in the complexity of algorithms and backend operations, and a lack of knowledge of neuromorphic technology are estimated to be the growth-hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Neuromorphic Computing Market Share