GVR Report cover Neuromorphic Computing Market Size, Share & Trends Report

Neuromorphic Computing Market Size, Share & Trends Analysis Report By Application (Signal Processing, Image Processing, Data Processing, Object Detection) By End Use, By Region, And Segment Forecasts, 2018 - 2024

  • Published Date: Apr 2018
  • Report ID: GVR-1-68038-066-8
  • Number of Pages: 93
  • Format: Electronic (PDF)
  • Historical Data: 2016

Industry Insights

The global neuromorphic computing market size was valued at USD 1.49 billion in 2016, expanding at a CAGR of 20.2% over the forecast period. Increasing demand for artificial intelligence for language processing, translation and chatterbots, nonlinear controls and robotics, and computer vision and image processing, among others is expected to drive market growth.

U.S. neuromorphic computing market

Rise in the number of applications in the area of automation has presented the industry with several growth opportunities. However, lack of R&D and substantial investments in the industry are anticipated to challenge market growth. Furthermore, high complexity involved in designing these chips, owing to complex algorithms and software compatibility issues of neural processing units, is projected to challenge the industry. Steady replacement of the Von Neumann architecture by neuromorphic chips is acting as another driver propelling market growth. Besides, these chips offer benefits such as low power consumption, higher speed, and optimum memory usage. Growing demand for brain-like computing across various industrial verticals is also substantially energizing prospects for industry growth.

The emerging trend of combining neuroscience computation and embodied models has led to an upsurge in demand for design and development of neuromorphic chips for brain-based robots and cognitive robots. Rising need for machine learning tools has further contributed to industry expansion.

Application Insights

On the basis of application, the market can be segmented into signal processing, object detection, image processing, data processing, and others. The image processing application segment dominated the market and accounted for over 41.0% of the overall market revenue in 2016. The segment is anticipated to remain dominant throughout the forecast period and witness the fastest growth rate over the coming years. This growth can be attributed to rise in demand for digital cameras and other imaging systems.

The signal processing application segment accounted for more than 30.0% of the total revenue in 2016. The segment is predicted to grow considerably in the coming years, owing to growing demand for processing audio and acoustics signals.

End-use Insights

On the basis of end use, the neuromorphic computing market can be bifurcated into consumer electronics, automotive, healthcare, military and defense, and others. The consumer electronics end-use segment acquired the largest market share of over 60.0% in 2016 and is predicted to continue its dominance over the forecast period.

U.K. neuromorphic computing market

The automotive end-use segment is expected to witness high demand, due to increasing demand for autonomous cars and smart vehicles. The military and defense segment is also anticipated to gain considerable traction by 2024, owing to accelerating demand for neuromorphic chips in satellites for aerial imagery and surveillance.

Regional Insights

The North America market acquired more than 33.0% of the total market in 2016. This is primarily due to the presence of key neuromorphic chip manufacturers in the region. The global industry is expected to gain momentum in Asia Pacific and South America due to growing demand for automation in emerging nations such as China, India, and Brazil.

The European region is anticipated to offer significant opportunities for industry expansion as significant investments are being made in neuromorphic projects and related R&D activities. In addition, increasing efforts made by prominent universities, such as the University of Manchester and Heidelberg University, in research activities centered on neuromorphic computing are remarkably contributing to industry growth in Europe.

Neuromorphic Computing Market Share Insights

Key industry participants include IBM Corporation; Hewlett-Packard; Samsung Electronics Co. Ltd.; Intel Corporation; Qualcomm Inc.; Brain Corporation; General Vision Inc.; HRL Laboratories; Vicarious; CEA-Leti, Knowm Inc.; and Numenta.

Industry vendors are increasingly leveraging effective marketing strategies for commercialization of these chips, which will subsequently help companies penetrate newer markets and capture a significant share in the industry.

Report Scope



Base year for estimation


Actual estimates/Historical data


Forecast period

2016 - 2024

Market representation

Revenue in USD Million and CAGR from 2016 to 2024

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, Mexico, U.K., Germany, France, India, Japan, China, and Brazil

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2024. For the purpose of this study, Grand View Research has segmented the global neuromorphic computing market report based on application, end use, and region:

  • Application Outlook (Revenue, USD Million, 2016 - 2024)

    • Signal Processing

    • Image Processing

    • Data Processing

    • Object Detection

    • Others

  • End-use Outlook (Revenue, USD Million, 2016 - 2024)

    • Consumer Electronics

    • Automotive

    • Healthcare

    • Military & Defense

    • Others

  • Regional Outlook (Revenue, USD Million, 2016 - 2024)

    • North America

      • The U.S.

      • Canada

      • Mexico

    • Europe

      • The U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • South America

      • Brazil

    • MEA

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