India Neuromorphic Computing Market Size & Outlook
The neuromorphic computing market in India is expected to reach a projected revenue of US$ 923.7 million by 2030. A compound annual growth rate of 25.1% is expected of India neuromorphic computing market from 2024 to 2030.
Revenue, 2023 (US$M)
$192.2
Forecast, 2030 (US$M)
$923.7
CAGR, 2024 - 2030
25.1%
Report Coverage
India
India neuromorphic computing market, 2018-2030 (US$M)
Related Markets
India neuromorphic computing market highlights
- The India neuromorphic computing market generated a revenue of USD 192.2 million in 2023 and is expected to reach USD 923.7 million by 2030.
- The India market is expected to grow at a CAGR of 25.1% from 2024 to 2030.
- In terms of segment, consumer electronics was the largest revenue generating end-use in 2023.
- Automotive is the most lucrative end-use segment registering the fastest growth during the forecast period.
Neuromorphic computing market data book summary
| Market revenue in 2023 | USD 192.2 million |
| Market revenue in 2030 | USD 923.7 million |
| Growth rate | 25.1% (CAGR from 2023 to 2030) |
| Largest segment | Consumer electronics |
| Fastest growing segment | Automotive |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Consumer Electronics, Automotive, Healthcare, Military & Defense |
| Key market players worldwide | BrainChip Holdings Ltd, Hewlett Packard Enterprise Co, Boeing Co, International Business Machines Corp, Intel Corp, Qualcomm Inc, Samsung Electronics Co Ltd, Vicarious Surgical Inc |
Other key industry trends
- In terms of revenue, India accounted for 3.6% of the global neuromorphic computing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China neuromorphic computing market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 923.7 million by 2030.
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Neuromorphic Computing Market Scope
Neuromorphic computing market segmentation & scope
Neuromorphic Computing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India 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 58.38% in 2023. Horizon Databook has segmented the India neuromorphic computing market based on consumer electronics, automotive, healthcare, military & defense covering the revenue growth of each sub-segment from 2018 to 2030.
- India Neuromorphic Computing End-Use Outlook (Revenue, USD Million, 2018-2030)
- Consumer Electronics
- Automotive
- Healthcare
- Military & Defense
- Others
- India Neuromorphic Computing Application Outlook (Revenue, USD Million, 2018-2030)
- Signal Processing
- Image Processing
- Data Processing
- Object Detection
- Others
- India Neuromorphic Computing Deployment Outlook (Revenue, USD Million, 2018-2030)
- Edge
- Cloud
- India Neuromorphic Computing Component Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
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Horizon Databook provides a detailed overview of country-level data and insights on the India neuromorphic computing market , including forecasts for subscribers. This country databook contains high-level insights into India neuromorphic computing market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India neuromorphic computing market size, by end-use, 2018-2030 (US$M)
India Neuromorphic Computing Market Outlook Share, 2023 & 2030 (US$M)
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