Neuromorphic Computing Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027

The report on the global neuromorphic computing market provides qualitative and quantitative analysis for the period from 2019 to 2027. The report predicts the global neuromorphic computing market was valued at around 1980 million in 2021 and is expected to reach 7500 million in 2027, growing with a CAGR of around 50% during the forecast period from 2021-2027. The study on neuromorphic computing market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.

The report on neuromorphic computing market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global neuromorphic computing market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global neuromorphic computing market over the period of 2019 to 2027. Further, IGR- Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• Need for better-performing ICs drives the market growth
• Increase in demand for artificial intelligence and machine learning boost the market growth

2) Restraints

• Lack of R&D and investments is slowing down development of real-world applications may restrain the market growth

3) Opportunities

• Adoption of neuromorphic computing for security purposes provides growth opportunities

Research Methodology

A) Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include

• 1. Key Opinion Leaders associated with Infinium Global Research
• 2. Internal and External subject matter experts
• 3. Professionals and participants from the industry

Our primary research respondents typically include

• 1. Executives working with leading companies in the market under review
• 2. Product/brand/marketing managers
• 3. CXO level executives
• 4. Regional/zonal/ country managers
• 5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

• 1. Company reports and publications
• 2. Government/institutional publications
• 3. Trade and associations journals
• 4. Databases such as WTO, OECD, World Bank, and among others.
• 5. Websites and publications by research agencies

Segment Covered

The global neuromorphic computing market is segmented on the basis of component, deployment, application, and end-user.

The Global Neuromorphic Computing Market by Component

• Hardware
• Software

The Global Neuromorphic Computing Market by Deployment

• Edge Computing
• Cloud Computing

The Global Neuromorphic Computing Market by Application

• Signal Processing
• Data Processing
• Image Processing
• Object Detection
• Others

The Global Neuromorphic Computing Market by End-user

• Consumer Electronics
• Automotive
• Healthcare
• Military & Defense
• Others

Company Profiles

The companies covered in the report include

• Intel Corp.
• IBM Corporation
• BrainChip Holdings Ltd.
• Qualcomm
• HP Enterprise
• Samsung Electronics Ltd.
• HRL Laboratories, LLC
• Bit Brain Technologies
• Nextmind SRL
• Ceryx Medical

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the neuromorphic computing market.

2. Complete coverage of all the segments in the neuromorphic computing market to analyze the trends, developments in the global market and forecast of market size up to 2027.

3. Comprehensive analysis of the companies operating in the global neuromorphic computing market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.