Neuromorphic Computing Market is poised to reach approximately USD 8,351 Million, registering a 21% CAGR by 2030- Report by Market Research Future (MRFR)

Market overview:

According to the most recent Market Research Future (MRFR) analysis, the neuromorphic computing market is expected to reach 8,351 million USD by 2030, growing at an astounding 21% CAGR. The industry has shown powerful development, which may be attributed to the rising need for AI-based artificial neural computing technologies.

The COVID-19 epidemic has caused markets and enterprises to experience enormous disruptions, but it has also compelled firms to think about a whole alternative kind of tomorrow. Organizations need to reset, not just owing to the epidemic but also due to new technology requiring it. The continuing epidemic has not stopped firms from making advancements in their research, and some businesses have anticipated that the widely accessible neuromorphic chip technologies would certainly take off in the next years. By 2025, conventional computers will have reached the electronic wall, necessitating a change to the newest concepts, such as artificial neural computation systems. Over the course of the projected timeframe, this is projected to have a favorable effect on industry development.

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Neuromorphic Computing Market Report Scope:

Silicon processors may restrict development and technological activities, which would impede expansion as they reach economic, performance, and sustainability constraints. They will be replaced by new technological innovations like neuromorphic programming, which creates machines that behave and think like people. When this technology reaches its maturity, it will be broadly accessible and more affordable for firms to begin testing it.

Over the course of the projection timeframe, demand for artificial intelligence and machine learning is anticipated to support industry expansion. Robotics, non-linear controllers, chatbots, translations, image processing, computer vision, and language processing are all fields in which artificial intelligence is used.

The rising implementation of efficient hardware and software resources across a variety of end-use industry sectors, such as automotive and industrial automation, healthcare, aerospace and defense, and digital goods, as well as the expanding sensor industry, the requirement for higher-performing ICs, the growing preference for artificial neural quantum systems and artificial neural computer science chips, and expanding implementations in technology available, machine vision, and other fields, are supplemental factors driving the artificial neural computer science industry dimensions.

In the next decades, industry participants may benefit greatly from the increased usage of software in applications like data modeling, predictive analysis, real-time data streaming, and ongoing web-based education. Over the course of the projected timeframe, a competitive limitation might be caused by the lack of awareness about neural network based.

Over the course of the projected timeframe, business participants may face significant difficulties as a result of limited neuromorphic computing market research and development due to the requirement of cutting-edge technology solutions, significant investment, and sophistication in industrial production and constructing artificial neural chips.

Neuromorphic Computing Market segmentation:

This market is segmented into four three major groups that are offering, application, and end-user.

By offering

• Software 
• Hardware

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By Application

• Object detection
• Data mining 
• Signal recognition
• Image recognition 
• Others

By End-User

• Industrial
• IT and Telecommunication
• Aerospace and Defense 
• Consumer Electronics 
• Automotive 
• Others

By Region

• North America 
• Asia Pacific (APAC)
• Europe
• Rest of the World (RoW)

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Regional classification:

This market is classified into four major regions that are North America, Europe, Asia-Pacific, and the rest of the world.

Key Players

• Invitation AG (Switzerland)
• aiCTX AG (Switzerland)
• Aspinity Inc (US)
• Numenta(US)
• Vicarious (US)
• General Vision(US)
• Qualcomm Incorporated (US)
• HRL Laboratories (US)
• Hewlett Packard Development LP (US)
• BrainChip Holdings Ltd (Australia)

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Contact Information:

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