The Neuromorphic Computing Market is expected to grow from US$0.17 billion in 2025 to US$1.04 billion in 2030, at a CAGR of 43.50%.
Neuromorphic computing refers to a computer engineering method modeled on the human brain and the nervous system. It has a wide range of applications in various industries like automotive, healthcare, and IT & Telecom among others. An increasing number of research projects coupled with innovation-driven collaborations among companies are projected to be the primary drivers in the market growth of neuromorphic computing. Additionally, the high energy efficiency attained while performing vast applicable operations of neuromorphic computing is also predicted to be a major contributor to the future market share increment.
Energy efficiency, research projects & funding, and collaborations
The increasing number of research projects along with the funding and investments in technologies like artificial intelligence neuromorphic computing is anticipated to drive market growth in the future. The Human Brain Project, majorly funded by the European Union, is one of the major brain projects involved in the artificial computing of the human brain. As per the Human Brain Project, Specific Grant Agreement 3 (HBP SGA3) released by the European Commission, the EU contribution to the HBP SGA3 amounted to EUR 150 million. Also, the SGA3, which is the last of 4 phases, is expected to be completed by September 2023. Also, as per June 2022, a blog by Ericsson, the company and The Massachusetts Institute of Technology (MIT) have collaborated to research and unlock neuromorphic possibilities mainly in computational memory using lithionic memristive devices.
| Report Metric | Details |
|---|---|
| Total Market Size in 2025 | USD 0.17 billion |
| Total Market Size in 2030 | USD 1.04 billion |
| Forecast Unit | Billion |
| Growth Rate | 43.50% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Segmentation | Application, Industry, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
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