Neural Processor Market Report: Trends, Forecast and Competitive Analysis to 2030

Neural Processor Trends and Forecast

The future of the global neural processor market looks promising with opportunities in the bfsi, healthcare, retail, defense agencies, media, and logistic markets. The global neural processor market is expected to reach an estimated $0.7 billion by 2030 with a CAGR of 18.9% from 2024 to 2030. The major drivers for this market are quick adoption of AI to lower operating costs and enhance customer services, growing industry acceptance of the machine learning technique, and rapid transition in the information industry.

A more than 150-page report is developed to help in your business decisions.

Neural Processor by Segment

The study includes a forecast for the global neural processor by application, end use industry, and region.

Neural Processor Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Fraud Detection
• Hardware Diagnostics
• Financial Forecasting
• Image Optimization
• Other Applications

Neural Processor Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• BFSI
• Healthcare
• Retail
• Defense Agencies
• Media
• Logistics
• Others

Neural Processor Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Neural Processor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies neural processor companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the neural processor companies profiled in this report include-

• Samsung Electronics
• HRL Laboratories
• Applied Brain Research
• Aspinity
• Bitbrain Technologies
• Halo Neuroscience
• General Vision
• BrainChip
• BrainCo
• Hewlett Packard Enterprise Development

Neural Processor Market Insights

Lucintel forecasts that fraud detection will remain the largest segment over the forecast period.

Within this market, BFSI will remain the largest segment.

APAC is expected to witness highest growth over the forecast period due to extensive use of neural processors in a wide range of industries, such as agriculture, aviation, entertainment, and others, as well as, deep learning is becoming increasingly popular in many industries, and infrastructure development for machine learning and artificial intelligence is being invested in by all industries.

Features of the Global Neural Processor Market

Market Size Estimates: Neural processor market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Neural processor market size by application, end use industry, and region in terms of value ($B).

Regional Analysis: Neural processor market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different application, end use industry, and regions for the neural processor market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the neural processor market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the neural processor market size?

Answer: The global neural processor market is expected to reach an estimated $0.7 billion by 2030.

Q2. What is the growth forecast for neural processor market?

Answer: The global neural processor market is expected to grow with a CAGR of 18.9% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the neural processor market?

Answer: The major drivers for this market are quick adoption of AI to lower operating costs and enhance customer services, growing industry acceptance of the machine learning technique and rapid transition in the information industry.

Q4. What are the major segments for neural processor market?

Answer: The future of the neural processor market looks promising with opportunities in the bfsi, healthcare, retail, defense agencies, media, and logistic markets.

Q5. Who are the key neural processor market companies?

Answer: Some of the key neural processor companies are as follows:

• Samsung Electronics
• HRL Laboratories
• Applied Brain Research
• Aspinity
• Bitbrain Technologies
• Halo Neuroscience
• General Vision
• BrainChip
• BrainCo
• Hewlett Packard Enterprise Development

Q6. Which neural processor market segment will be the largest in future?

Answer: Lucintel forecasts that fraud detection will remain the largest segment over the forecast period.

Q7. In neural processor market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to extensive use of neural processors in a wide range of industries, such as agriculture, aviation, entertainment, and others, as well as, deep learning is becoming increasingly popular in many industries, and infrastructure development for machine learning and artificial intelligence is being invested in by all industries.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the neural processor market by application (fraud detection , hardware diagnostics , financial forecasting, image optimization , and other applications ), end use industry (bfsi , healthcare , retail , defense agencies , media , logistics , and others ), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?