From GlobeNewswire: 2024-11-20 08:46:00

The Neural Processor Market was valued at USD 231.8 million in 2023 and is projected to reach USD 1085.1 million by 2032, growing at a CAGR of 18.73%. The increasing demand for AI and ML technologies in various industries is driving this growth, with NPUs being integrated into smartphones, autonomous vehicles, data centers, and more.

Key players in the market include NVIDIA, Intel, Google, Qualcomm, IBM, Microsoft, AMD, Apple, and others, each offering neural processors tailored for different applications. NPUs are revolutionizing AI workloads in data centers, with Google’s TPUs optimizing functions in Google Search, Photos, and Translate, handling over 1 billion photos daily more effectively.

The neural processor market’s scope includes market size, segment analysis, competitive landscape, regional analysis, and forecast outlook. The key segments are by operation (training, inference) and application (smartphones, autonomous vehicles, healthcare, etc.). Key drivers include the demand for intelligent automation in robotics and the adoption of NPUs in data centers for efficient AI workload management.

In 2023, the inference segment led the market with a 66.7% share, driven by real-time AI decision-making needs. Smartphones and tablets held the largest market share in applications due to the integration of NPUs for tasks like facial recognition and photography. NPUs are instrumental in enhancing AI applications like augmented reality on consumer devices.

North America dominated the market in 2023, driven by advanced AI applications and investments in NPU research. Asia-Pacific is set to be the fastest-growing region from 2024 to 2032, fueled by consumer electronics and AI technology expansion in countries like China, Japan, and South Korea. Local manufacturers are embedding NPUs in various electronics, with Samsung and Huawei leading the market.

Recent developments in the market include Qualcomm’s new Snapdragon processor with enhanced NPU features, Apple’s M3 chip with an upgraded neural engine, and Intel and Nvidia’s chips for business computers focusing on AI capabilities. Future trends include increased AI integration, advancements in autonomous systems, AI edge computing, and energy-efficient processing with NPUs.

As AI becomes more prevalent in consumer electronics, automotive systems, and industrial automation, the demand for NPUs will continue to rise. These processors will be crucial in enabling smarter and more efficient AI-driven devices, autonomous systems, edge computing, and energy-efficient processing solutions. The Neural Processor Market Growth & Outlook Report for 2024-2032 provides insights into market dynamics, statistical trends, and competitive landscape. It includes adoption rates of emerging technologies, network infrastructure expansion by region, cybersecurity incidents, cloud services usage, and more. Access the full report for comprehensive analysis at https://www.snsinsider.com/reports/neural-processor-market-4677.

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