Neuromorphic Computing Market is expected to reach US$ 11.67 Bn. by 2029, at a CAGR of 24.1% during the forecast period.
Market Overview:
This study’s purpose is to give an overview of the Neuromorphic Computing market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Neuromorphic Computing companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Neuromorphic Computing market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Neuromorphic Computing Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Neuromorphic Computing Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Market Scope:
The report also focuses on the leading industry players in the Neuromorphic Computing market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
Segmentation:
By application, the image processing segment dominated the market in 2022 and is expected to maintain its dominance at CAGR of xx% during the forecast period. Increasing adoption of neuromorphic computing technology in digital cameras and in other imaging devices is attributed to the growth of the market. The growing adoption of neuromorphic imaging technology by researchers to manufacture smart vision sensors and the rising adoption of these sensors by various electronics product manufacturing companies in mobile phones and tablets is driving the growth of the market.
Growing competition between two leading companies such as Sony and Samsung for neuromorphic image sensors is propelling the growth of the market. For instance, in Nov 2019, Samsung Electronics has filed a trademark application for its Dynamic Vision Sensor technology intended for tablet and mobile applications. On the other hand, in Dec 2019, Sony Corporation has silently acquired Insightness Company which is based in Zurich, whose neuromorphic vision sensor enables motion detection within a few milliseconds and the company also made partnership with Paris-based Prophesee to grow the market for neuromorphic image sensors.
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Neuromorphic Computing market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Neuromorphic Computing industry.
• IBM Corporation
• Intel Corporation
• Applied Brain Research
• SAMSUNG
• Sony
• BrainChip Holdings Ltd
• Hewlett Packard Development LP
• HRL Laboratories
• Qualcomm Incorporated
• General Vision
• Vicarious
• Numenta
• Aspinity Inc
• aiCTX AG
• Invitation AG
• CEA-Leti
• Knowm Inc.
• Halo Neuroscience
• Kernel
• Nextmind SRL
• Cognixion
• Neuropace
• Mindmaze
Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Neuromorphic Computing market in these regions.
COVID-19 Impact Analysis on Neuromorphic Computing Market:
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Neuromorphic Computing market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Neuromorphic Computing Market Report are:
What will be the CAGR of the Neuromorphic Computing market during the forecast period?
Which segment emerged as the leading segment in the Neuromorphic Computing market?
Which are the prominent players in the Neuromorphic Computing market?
What will be the Neuromorphic Computing market size by 2027?
Which company held the largest share in the Neuromorphic Computing market?
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