Global Neuromorphic Computing Market Size & Outlook
Global neuromorphic computing market, 2018-2030 (US$M)
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Global neuromorphic computing market highlights
- The global neuromorphic computing market generated a revenue of USD 5,277.2 million in 2023 and is expected to reach USD 20,272.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 21.2% by 2030.
- In terms of segment, consumer electronics accounted for a revenue of USD 3,055.0 million in 2023.
- Automotive is the most lucrative end-use segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,277.2 million |
| Market revenue in 2030 | USD 20,272.3 million |
| Growth rate | 21.2% (CAGR from 2023 to 2030) |
| Largest segment | Consumer electronics |
| Fastest growing segment | Automotive |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer Electronics, Automotive, Healthcare, Military & Defense |
Other key industry trends
- In terms of revenue, the North America accounted for 37.2% of the global neuromorphic computing market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 388.7 million by 2030.
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Neuromorphic Computing Market Scope
Neuromorphic Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global neuromorphic computing market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to neuromorphic computing market will help companies and investors design strategic landscapes.
consumer electronics was the largest segment with a revenue share of 57.89% in 2023. Horizon Databook has segmented the Global neuromorphic computing market based on consumer electronics, automotive, healthcare, military & defense covering the revenue growth of each sub-segment from 2018 to 2030.
Moore's Law states that the total count of transistors on a computer chip doubles every two years, and computer speed and capability will increase every two years, but at a lower cost. An IC's size cannot be reduced while the transistor count is doubled, resulting in issues such as current leakage and overheating.
Thus, the need to find a new way to boost chip computational power has fueled the development of neuromorphic chips. AI and Neuromorphic Computing researchers are continuously working on improving algorithms for various aspects.
Conventional algorithms have drawbacks regarding efficiency and accuracy. Several developments have been carried out to enhance Neuromorphic Computing algorithms. For instance, in August 2019, Chinese scientists introduced the Tianjic chip, a platform that supports neuromorphic spiking neural networks and traditional artificial neural networks for different categories of problems.
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Our clientele includes a mix of neuromorphic computing market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global neuromorphic computing market , including forecasts for subscribers. This global databook contains high-level insights into Global neuromorphic computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global neuromorphic computing market statistics, by region, 2018-2030 (US$M)
Top 10 countries by Neuromorphic Computing Market revenue, 2023 (USD Million)
Top 10 countries by Neuromorphic Computing Market revenue, 2023 (USD Million)
Global neuromorphic computing market, by region, 2023 (US$M)
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