Global Neuromorphic Computing Market 2024-2028

The neuromorphic computing market is forecasted to grow by USD 96.18 mn during 2023-2028, accelerating at a CAGR of 24.13% during the forecast period. The report on the neuromorphic computing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising demand for memory density and high-processing power devices, shift from edge computing to cloud computing, and increase in demand for artificial intelligence and machine learning in end-user industries.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	22%
CAGR	24.13%
Incremental Value	$96.18mn

Technavio's neuromorphic computing market is segmented as below:

By Component

Hardware
Software

By Type

Edge computing
Cloud computing

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the advent of Industry 4.0 in end-user industries as one of the prime reasons driving the neuromorphic computing market growth during the next few years. Also, new neuromorphic AI chips launches and increasing number of partnerships and acquisitions will lead to sizable demand in the market.

The report on the neuromorphic computing market covers the following areas:

Neuromorphic computing market sizing
Neuromorphic computing market forecast
Neuromorphic computing market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading neuromorphic computing market vendors that include Accenture Plc, BrainChip Holdings Ltd, CEA, General Vision Inc., GrAI Matter Labs Inc., Hewlett Packard Enterprise Co., Intel Corp., International Business Machines Corp., Knowm Inc., Numenta Inc., Samsung Electronics Co. Ltd., SK hynix Co. Ltd., and The Boeing Co.. Also, the neuromorphic computing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR76563

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global neuromorphic computing market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global neuromorphic computing market 2018 - 2022 ($ million)
4.2 Component Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Component Segment 2018 - 2022 ($ million)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Component

6.1 Market segments
Exhibit 30: Chart on Component - Market share 2023-2028 (%)
Exhibit 31: Data Table on Component - Market share 2023-2028 (%)
6.2 Comparison by Component
Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component
6.3 Hardware - Market size and forecast 2023-2028
Exhibit 34: Chart on Hardware - Market size and forecast 2023-2028 ($ million)
Exhibit 35: Data Table on Hardware - Market size and forecast 2023-2028 ($ million)
Exhibit 36: Chart on Hardware - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Hardware - Year-over-year growth 2023-2028 (%)
6.4 Software - Market size and forecast 2023-2028
Exhibit 38: Chart on Software - Market size and forecast 2023-2028 ($ million)
Exhibit 39: Data Table on Software - Market size and forecast 2023-2028 ($ million)
Exhibit 40: Chart on Software - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Software - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Component
Exhibit 42: Market opportunity by Component ($ million)
Exhibit 43: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 44: Chart on Type - Market share 2023-2028 (%)
Exhibit 45: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 46: Chart on Comparison by Type
Exhibit 47: Data Table on Comparison by Type
7.3 Edge computing - Market size and forecast 2023-2028
Exhibit 48: Chart on Edge computing - Market size and forecast 2023-2028 ($ million)
Exhibit 49: Data Table on Edge computing - Market size and forecast 2023-2028 ($ million)
Exhibit 50: Chart on Edge computing - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on Edge computing - Year-over-year growth 2023-2028 (%)
7.4 Cloud computing - Market size and forecast 2023-2028
Exhibit 52: Chart on Cloud computing - Market size and forecast 2023-2028 ($ million)
Exhibit 53: Data Table on Cloud computing - Market size and forecast 2023-2028 ($ million)
Exhibit 54: Chart on Cloud computing - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Cloud computing - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Type
Exhibit 56: Market opportunity by Type ($ million)
Exhibit 57: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 61: Chart on Geographic comparison
Exhibit 62: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 63: Chart on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 64: Data Table on North America - Market size and forecast 2023-2028 ($ million)
Exhibit 65: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 66: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 Asia - Market size and forecast 2023-2028
Exhibit 71: Chart on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 72: Data Table on Asia - Market size and forecast 2023-2028 ($ million)
Exhibit 73: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
Exhibit 75: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 76: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ million)
Exhibit 77: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 US - Market size and forecast 2023-2028
Exhibit 79: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibit 80: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibit 81: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on US - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 83: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibit 84: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibit 85: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Exhibit 87: Chart on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 88: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
Exhibit 89: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 91: Chart on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 92: Data Table on UK - Market size and forecast 2023-2028 ($ million)
Exhibit 93: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 France - Market size and forecast 2023-2028
Exhibit 95: Chart on France - Market size and forecast 2023-2028 ($ million)
Exhibit 96: Data Table on France - Market size and forecast 2023-2028 ($ million)
Exhibit 97: Chart on France - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on France - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
Exhibit 99: Market opportunity By Geographical Landscape ($ million)
Exhibit 100: Data Tables on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 101: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 103: Overview on factors of disruption
11.4 Industry risks
Exhibit 104: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 105: Vendors covered
12.2 Market positioning of vendors
Exhibit 106: Matrix on vendor position and classification
12.3 Accenture Plc
Exhibit 107: Accenture Plc - Overview
Exhibit 108: Accenture Plc - Business segments
Exhibit 109: Accenture Plc - Key news
Exhibit 110: Accenture Plc - Key offerings
Exhibit 111: Accenture Plc - Segment focus
12.4 BrainChip Holdings Ltd
Exhibit 112: BrainChip Holdings Ltd - Overview
Exhibit 113: BrainChip Holdings Ltd - Product / Service
Exhibit 114: BrainChip Holdings Ltd - Key offerings
12.5 CEA
Exhibit 115: CEA - Overview
Exhibit 116: CEA - Product / Service
Exhibit 117: CEA - Key offerings
12.6 General Vision Inc.
Exhibit 118: General Vision Inc. - Overview
Exhibit 119: General Vision Inc. - Product / Service
Exhibit 120: General Vision Inc. - Key offerings
12.7 GrAI Matter Labs Inc.
Exhibit 121: GrAI Matter Labs Inc. - Overview
Exhibit 122: GrAI Matter Labs Inc. - Product / Service
Exhibit 123: GrAI Matter Labs Inc. - Key offerings
12.8 Hewlett Packard Enterprise Co.
Exhibit 124: Hewlett Packard Enterprise Co. - Overview
Exhibit 125: Hewlett Packard Enterprise Co. - Business segments
Exhibit 126: Hewlett Packard Enterprise Co. - Key news
Exhibit 127: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 128: Hewlett Packard Enterprise Co. - Segment focus
12.9 Intel Corp.
Exhibit 129: Intel Corp. - Overview
Exhibit 130: Intel Corp. - Business segments
Exhibit 131: Intel Corp. - Key news
Exhibit 132: Intel Corp. - Key offerings
Exhibit 133: Intel Corp. - Segment focus
12.10 International Business Machines Corp.
Exhibit 134: International Business Machines Corp. - Overview
Exhibit 135: International Business Machines Corp. - Business segments
Exhibit 136: International Business Machines Corp. - Key news
Exhibit 137: International Business Machines Corp. - Key offerings
Exhibit 138: International Business Machines Corp. - Segment focus
12.11 Knowm Inc.
Exhibit 139: Knowm Inc. - Overview
Exhibit 140: Knowm Inc. - Product / Service
Exhibit 141: Knowm Inc. - Key offerings
12.12 Numenta Inc.
Exhibit 142: Numenta Inc. - Overview
Exhibit 143: Numenta Inc. - Product / Service
Exhibit 144: Numenta Inc. - Key offerings
12.13 Samsung Electronics Co. Ltd.
Exhibit 145: Samsung Electronics Co. Ltd. - Overview
Exhibit 146: Samsung Electronics Co. Ltd. - Business segments
Exhibit 147: Samsung Electronics Co. Ltd. - Key news
Exhibit 148: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 149: Samsung Electronics Co. Ltd. - Segment focus
12.14 SK hynix Co. Ltd.
Exhibit 150: SK hynix Co. Ltd. - Overview
Exhibit 151: SK hynix Co. Ltd. - Product / Service
Exhibit 152: SK hynix Co. Ltd. - Key offerings
12.15 The Boeing Co.
Exhibit 153: The Boeing Co. - Overview
Exhibit 154: The Boeing Co. - Business segments
Exhibit 155: The Boeing Co. - Key offerings
Exhibit 156: The Boeing Co. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 157: Inclusions checklist
Exhibit 158: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 159: Currency conversion rates for US$
13.4 Research methodology
Exhibit 160: Research methodology
Exhibit 161: Validation techniques employed for market sizing
Exhibit 162: Information sources
13.5 List of abbreviations
Exhibit 163: List of abbreviations