Neuromorphic Computing Market

The global neuromorphic computing market is expected to be valued at USD 28.5 million in 2024 and is projected to reach USD 1,325.2 million by 2030 and grow at a CAGR of 89.7% from 2024 to 2030.  Intel Corporation (US), IBM (US), Qualcomm Technologies, Inc. (US), Samsung Electronics Co., Ltd. (South Korea), and Sony Corporation (Japan) are the major players in the neuromorphic computing market. Market participants have become more varied with their offerings, expanding their global reach through strategic growth approaches like launching new products, collaborations, establishing alliances, and forging partnerships.

For instance, in April 2024, Intel Corporation launched Hala Point, the world's largest neuromorphic system, at Sandia National Laboratories. Utilizing Loihi 2 processors, it supports brain-inspired AI research and improves efficiency and sustainability, offering over 10 times more neuron capacity and up to 12 times higher performance than previous systems.

In February 2024, SynSense then acquired iniVation to form a leading provider of neuromorphic technology. The deal integrates the ultra-low-power processing from SynSense with the vision sensing using neuromorphism from iniVation under the SynSense Group, which will further focus on pushing the boundaries of intelligent vision systems in the aerospace, automotive, robotics, and consumer electronics sectors.

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Major Neuromorphic Computing companies include:

• Intel Corporation (US)
• IBM (US)
• Qualcomm Technologies, Inc. (US)
• Samsung Electronics Co., Ltd. (South Korea)
• Sony Corporation (Japan)
• BrainChip, Inc. (Australia)
• SynSense (China)
• MediaTek Inc. (Taiwan)
• NXP Semiconductors (Netherlands)
• Advanced Micro Devices, Inc. (US)
• Hewlett Packard Enterprise Development LP (US)
• OMNIVISION (US)

Intel Corporation:

Intel Corporation is an engineering company that designs, manufactures, and sells computing. networking, data storage and communication related products worldwide. Intel's work across artificial intelligence, cloud computing, edge computing, and IoT solutions. The company offers a wide portfolio of products and solutions, microprocessors, chipsets, and SoC solutions for application in IoT, edge computing, and other domains. Solutions such as Intel Developer Cloud for the Edge, Intel loT Market Ready Solutions (Intel IMRS), and Intel IoT RFP Ready Kits tap high- performance compute and connectivity options, flexible processor choices, and integrated AI optimizations to support near real-time insights with no/minimal latency. It offers a complete set of security solutions, including data security and encryption, database security, endpoint protection, network security, security management, server security, SIEM, and web security.

IBM:

Qualcomm Technologies, Inc. is one of the key players in the global semiconductor industry and is involved in designing and marketing wireless telecommunication products and services. The company has 3 reportable business segments-Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The company conducts business primarily through its QCT semiconductor business and QTL licensing business. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in mobile devices, wireless networks, broadband gateway equipment, consumer electronic devices, other devices used in IoT and automotive systems for telematics and infotainment. This segment is responsible for developing and supplying ICs and system software for various technologies, including advanced AI applications.

Related Reports:

Neuromorphic Computing Market by Offering (Processor, Sensor, Memory, Software), Deployment (Edge, Cloud), Application (Image & Video Processing, Natural Language Processing (NLP), Sensor Fusion, Reinforcement Learning) - Global Forecast to 2030

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