The global neuromorphic computing market size/share was valued at USD 4.34 billion in 2022 and is expected to reach USD 29.54 Billion by 2032, growing at a CAGR of 21.1% during the forecast period. Neuromorphic computing is a technique of computer engineering in which components of a computer are shaped after structures in the human brain and nervous systems. The rapidly rising demand for the neuromorphic computing market can be attributed to the fact that they will be utilized to operate AI algorithms at the periphery rather than the cloud due to their compact size and lesser power intake. The growing usage of neuromorphic technology in deep learning implementation, accelerators, transistors, next-gen semiconductors, and sovereign systems such as drones, robotics, artificial intelligence, and self-driving cars pushes the market growth.
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