Neuromorphic computing market to grow rapidly, reaching $1,325.2 million by 2030.

From GlobeNewswire: 2024-12-02 07:00:00

The neuromorphic computing market is expected to reach $1,325.2 million by 2030, with a CAGR of 89.7% from 2024. It is driven by AI applications, edge computing, brain-computer interfaces, and quantum computing convergence. Intel, IBM, Qualcomm, Samsung, and Sony are top companies in the market.

Neuromorphic computing is gaining momentum in healthcare, automotive, and edge computing. Neuromorphic chips improve diagnostic imaging, portable healthcare devices, ADAS capabilities, and autonomous vehicle operations. Spiking Neural Networks (SNNs) are revolutionizing the field with energy-efficient, brain-inspired designs for real-time data processing and low-energy consumption applications.

SNN core architecture enables advanced temporal data processing and adaptive learning for dynamic applications, like speech recognition and sensor data processing. SNNs support online learning paradigms, adapting progressively with new data, making them ideal for applications in autonomous vehicles and robotics. Consumer electronics lead in neuromorphic computing market with growing adoption in drones and embedded systems.

North America dominates the neuromorphic computing market due to AI investments and supportive policies like Canada’s AIDA. The government’s focus on advancing AI technology and the introduction of AIDA in 2023 aim to promote responsible and trustworthy AI innovation, encouraging the development and adoption of neuromorphic computing technologies.



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