NEUROMORPHIC CHIP MARKET ANALYSIS
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.
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