Neuromorphic Chip Market, By Application (Image Recognition, Single Recognition, Data Mining, Other), By Vertical (Aerospace & Defense, Automotive, Consumer Electronics, Healthcare, Industrial, Other), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023

Code : CMI4757

Pages :170

Formats :

Excel and PDF

Industry : Information and Communication Technology

Neuromorphic Chip MarketSize and Trends

The global neuromorphic chip market is estimated to be valued at US$ 26.78 million in 2022 and is expected to exhibit a CAGR of 67.3% over the forecast period (2023-2030).

Report Coverage	Details
Base Year:	2022	Market Size in 2022:	US$ 26.78 Bn
Historical Data for:	2017 to 2021	Forecast Period:	2023 to 2030
Forecast Period 2023 to 2030 CAGR:	67.3%	2030 Value Projection:	US$ 1646.21 Bn

Global Neuromorphic Chip Market-Trends

Neuromorphic chips are being widely used for image recognition applications

Neuromorphic chips are being widely used for image recognition applications. In the recent past, several problems associated with image recognition processes such as low-contrast images, blurred images, noisy images, image conversion to digital form, storage of large-volume images and others, has led to the development of efficient image processing and recognition algorithms. Neuromorphic technology has resolved some issues related to digital image processing through its parallel architecture. Moreover, neuromorphic chips find application in pattern recognition, face recognition, texture analysis, color representation, and several other aspects of image processing.