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Global Neuromorphic Computing Market by Offering, Deployment, Application, End User Industry Region: A Report by Absolute Markets Insights

Published On 25 Oct 2022 03:23 AM


The technological advancement seen by this world is seen and majority of credit for this goes to computers.  Everything related to the computer has changed. Right from its size to performing capacity. The computer is undoubtedly most used electronic device as it has emerged successful in resolving numerous issues faced by the mankind. The introduction of artificial intelligence has boosted taken the performance of a normal computer, turning it into a super computer. Neuromorphic computing is basically a method of computer engineering where the elements of a computer are designed after systems in the human brain and nervous system. The term neuromorphic computing basically refers to the design of two computing elements, which are hardware and software. People working on this type of computing are known as neuromorphic engineers. These people draw from different types of disciplines that are inclusive of computer science, electronic engineering, biology, mathematics and physics in order to create artificial neural systems that are mainly inspired from the biological structures. Neuromorphic computing has two objectives, number one is making a device capable of learning, storing information and then making deductions exactly like the human brain, number two is collecting new information. The global neuromorphic computing market is aggressively growing due to various factors.

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The growth of the global neuromorphic computing market was restricted due to the coronavirus pandemic. This was majorly because, several research activities across the globe were called off temporarily along with trade restrictions in place.

One of the major factors that has been driving the growth of the global neuromorphic computing market is growing need of computing that makes logical decisions just like the human brain in most complex situations. The cost of this type of computing will play a big restraining factor for the growth of the global neuromorphic computing market. On the other hand, the global neuromorphic computing market is forecasted to witness tremendous growth over the period of next several years due to massive advancement in the field of artificial intelligence and virtual reality.

By Offering, Software segment will witness growth at fastest rate for The Global Neuromorphic Computing Market in 2022

Recurring type of revenue generated by the software segment as it requires timely maintenance, and updates is the reason why this segment has edge.

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Asia Pacific Region to witness fastest growth for this market Over the Forecast Period (2022 – 2030) in the Global Neuromorphic Computing Market   

The IT sector in the country of India is rapidly growing. Meanwhile, the spending capacity of militaries in countries like India and China is increasing each passing year, which helps this market grow rapidly.

Some of the major players operating in the global neuromorphic computing market are listed below:

  • Applied Brain Research
  • BrainChip, Inc.
  • General Vision Inc
  • IBM
  • Intel Corporation
  • Numenta
  • Qualcomm Technologies, Inc.
  • Samsung Electronics Ltd
  • Other Market Participants

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Global Neuromorphic Computing Market Segmentation

Global Neuromorphic Computing Market has been segmented by offering, deployment, application, end user industry and regions which are further classified into respective countries:

 Global Neuromorphic Computing Market Offering Type Outlook (Revenue, USD Million, 2020 - 2030)

  • Hardware
  • Software 

 Global Neuromorphic Computing Market Deployment Outlook (Revenue, USD Million, 2020 - 2030)

  • Edge
  • Cloud

Global Neuromorphic Computing Market Application Outlook (Revenue, USD Million, 2020 - 2030)

  • Image Recognition and Retrieval
  • Signal Recognition
  • Data Mining
  • Others

 Global Neuromorphic Computing Market End User Industry Type Outlook (Revenue, USD Million, 2020 - 2030)

  • Automotive
  • Military and Defense
  • Healthcare
  • IT & Telecommunication
  • Aerospace
  • Others

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Global Neuromorphic Computing Market Regional Outlook (Revenue, USD Million, 2020 - 2030)

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America)  

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