Neuromorphic Computing Market Outlook 2027 By Offering, Size, Share, Trends, Growth, Technology
According to TechSci Research, Global neuromorphic computing market is expected to grow at a significant rate for the forecast period. Increase in demand for artificial intelligence and machine learning to improve the efficiency and performance of the devices as the combination of these two is expected to revolutionize the business environment by providing needful insights to make smart decisions. These devices are in high demand as they have several benefits over conventional devices such as image recognition, fraud detection, speech recognition, among others. Artificial intelligence technology finds application in various diverse industries comprising of defense, medical, entertainment, telecom, utility, telecom, food & beverages, among others. Neuromorphic chips are able large volume of data in parallel and the information can be stored in the neuromorphic chip itself in comparison to the central processing unit which constantly have to move the information from the memory store thereby leading to excessive power consumption by the device and slows down the optimum speed of processor. Capability of processing and storing information in a single device lowers the requirement of data sharing and movement from one space to another resulting in more efficient computing by the device. High-end investments by market players for research and development activities to produce better performing integrated chips is expected to accelerate the neuromorphic computing market growth.
Global neuromorphic computing market is segmented into offering, deployment, application, vertical, regional distribution, and company. On the basis of regional analysis, North America is expected to hold major market share for the forecast period, 2023-2027. Technological advancement and presence of major market players in the region is driving the market growth. Rise in awareness regarding the benefits of neuromorphic computing in prominent end-user industries such as military & defense, aerospace, and medical is expected to boost the market demand for the next five years.
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The major players operating in the global neuromorphic computing market are IBM Corporation, The Hewlett-Packard Company, Samsung Electronics Co. Ltd, Intel Corporation, Qualcomm Inc., Brain Corporation, General Vision Inc., HRL Laboratories, Vicarious Systems Inc., Knowm Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
- To analyze the historical growth of the market size of global neuromorphic computing market from 2017 to 2020.
- To estimate and forecast the market size of global neuromorphic computing market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global neuromorphic computing market based on offering, deployment, application, vertical, regional distribution, and company.
- To identify dominant region or segment in the global neuromorphic computing market.
- To identify drivers and challenges for global neuromorphic computing market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global neuromorphic computing market.
- To identify and analyze the profile of leading players operating in global neuromorphic computing market.
- To identify key sustainable strategies adopted by market players in global neuromorphic computing market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global neuromorphic computing market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Neuromorphic computing service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to neuromorphic computing market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Offering · Deployment · Application · Vertical |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia; Brazil, Argentina, Colombia; |
Key companies profiled | IBM Corporation, The Hewlett-Packard Company, Samsung Electronics Co. Ltd, Intel Corporation, Qualcomm Inc., Brain Corporation, General Vision Inc., HRL Laboratories, Vicarious Systems Inc., Knowm Inc.. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global neuromorphic computing market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
· Global Neuromorphic Computing Market, By Offering:
- Hardware
- Software
- Global Neuromorphic Computing Market, By Deployment:
- Edge Computing
- Deploy Computing
- Global Neuromorphic Computing Market, By Application:
- Image Recognition
- Signal Recognition
- Data Mining
- Global Neuromorphic Computing Market, By Vertical:
- Aerospace
- Military
- Defense
- Automotive
- Consumer Electronics
- Industrial
- Medical
- IT & Telecommunication
- Other
- Global Neuromorphic Computing Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
§ South Korea
- Japan
- Australia
o Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
§ Brazil
§ Argentina
§ Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global neuromorphic computing market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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