Analyzing the Future Landscape: Neuromorphic Computing Market By 2030, With a Striking CAGR of 81.1% – MarkNtel Advisors

Global Neuromorphic Computing Market

Global Neuromorphic Computing Market Size, Share, Trends, Analysis Future and forecast 2024-30

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Let’s Run Through the Neuromorphic Computing Market Insights to Have a Clear View

The Global Neuromorphic Computing Market is estimated to grow at a CAGR of around 81.1% during the forecast period, i.e., 2024-30.

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Examining the Top Competitors of the Neuromorphic Computing Market Size:

In this section, we will explore the Neuromorphic Computing Market from a competitive perspective, providing information on company profiles, financials, resources, key initiatives, R&D investments, strengths, weaknesses, and more. Leading companies in the market often form partnerships & collaborations to engage in joint venture programs, facilitating efficient resource sharing & goal achievement. Now, let’s delve into the details & acquaint ourselves with these market players.

  • International Business Machines Corporation
  • Brain Corporation
  • Prophesee S.A.
  • General Vision, inc
  • Hewlett Packard Company
  • Intel Corporation
  • Knowm Inc
  • Qualcomm Technologies, Inc
  • Samsung Electronics Co., Ltd
  • Silicon Storage Technology Inc.
  • Applied Materials, Inc.
  • Micron Technology
  • SK Hynix Inc.
  • Other

A Comprehensive Overview of Geographical Diversity:

the Global Neuromorphic Computing Market expands across:

  • North America
  • South America
  • Europe
  • The Middle East & Africa
  • Asia-Pacific

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Market Driver: Rising Demand for High-performance Integrated Circuits (ICs)

The limitations of reducing the size & number of transistors on integrated circuits (ICs) have been creating the demand for new-generation and highly effective neuromorphic chips across the globe. End-user industries like consumer electronics, automotive, etc., have been observed to prefer neuromorphic chips as they offer a substantial boost in processing power, enabling more complex computations & data handling in comparison to traditional chips.

Further, the IT industry, in recent years, has started looking for computing technologies that enable self-learning capacity & require minimum manual input. This has further led market players to introduce computing chips to better processing features to the IT industry. For instance:

  • In 2023, BrainChip Holdings Ltd teamed up with VVDN Technologies, a prominent electronics engineering and manufacturing firm, to introduce the industry’s inaugural Edge box based on neuromorphic technology. This Edge box harnesses BrainChip’s Akida™ processors, which mimic the human brain’s structure & functionality.

Therefore, with the increasing requirement for high-performance ICs, especially across the IT & Telecom sectors, neuromorphic chips are projected to witness improved demand in coming years as well.

Neuromorphic Computing Market Segmentation Outline:

  • By Component (Hardware, Software, Services)
  • By Deployment (Cloud Computing, Edge Computing)
  • By Application (Image Recognition, Signal Recognition, Data Mining, Others)
  • By End User (Consumer Electronics, IT & Telecommunication, Aerospace & Defense, Healthcare, Industrial Manufacturing, Automotive, Others)

Key Questions Addressed in the Neuromorphic Computing Market Research Report:

  • What is the estimated size, share, & CAGR of the Neuromorphic Computing Marketin the forecast period?
  • What are the key trends projected to impact the Neuromorphic Computing Marketduring 2024-30?
  • What are the different segments & sub-segments considered in the Neuromorphic Computing Marketresearch study?
  • Who are the key stakeholders and players participating in the Neuromorphic ComputingMarket?
  • What would be the demand for different types of products/services in the Neuromorphic Computing Market through 2030?

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Note: The Neuromorphic Computing Market can further be customized with multi-dimensional, deep-level, & high-quality insights as per the specific requirements of clients to help them garner the industry’s prospects, effortlessly encounter market challenges, adequately formulate different strategies, and make sound decisions to remain competitive in the market.

About MarkNtel Advisors

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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