Neuromorphic Computing Market: Accelerating AI Progress with Brain-Inspired Models By 2031 | Most Leading Companies - Brain Corporation, CEA-Leti, General Vision, inc, Hewlett Packard Company, HRL Laboratories LLC
The neuromorphic computing market has shown impressive growth, reaching USD 48.3 million in 2022. Projections suggest it could reach up to USD 6,801.9 million by 2030. The market is expected to grow at a CAGR of 91.5%, indicating significant potential for expansion. Neumorphic computing technology is gaining traction for its innovative capabilities in various industries. Overall, the market shows promising growth opportunities in the coming years.
Neuromorphic Computing Market
The Global Neuromorphic Computing Market reached USD 48.3 million in 2022 and is projected to witness lucrative growth by reaching up to USD 6,801.9 million by 2030. The global neuromorphic computing market is expected to exhibit a CAGR of 91.5% during the forecast period (2024-2031).
Neuromorphic Computing is an area of artificial intelligence (AI) that designs computational systems based on the structure and functioning of the human brain. This approach mimics neural processes through specialized hardware and algorithms, enabling machines to process information in a way that is more energy-efficient and adaptable compared to traditional computing models. Neuromorphic computing holds promise for revolutionizing applications in robotics, AI, and machine learning by enhancing learning, memory, and sensory processing capabilities in machines.
List of the Key Players
Brain Corporation, CEA-Leti, General Vision, inc, Hewlett Packard Company, HRL Laboratories, LLC, International Business Machines Corporation, Intel Corporation, Knowm Inc, Qualcomm Technologies, Inc, and Samsung Electronics Co., Ltd among others.
Growth Forecast Projected
The Global Plastic Recycling Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process
Both primary and secondary data sources have been used in the global Plastic Recycling Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Regional Analysis
The regional analysis of the Plastic Recycling Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands, and Rest of Europe)
Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
South America (Colombia, Brazil, Argentina, Rest of South America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report
- A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
- Top-down and bottom-up approach for regional analysis
- Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
- By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
People Also Ask
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- What opportunities and challenges do vendors in the global Plastic Recycling industry face?
- Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
- What are the key factors and limitations affecting the growth of the Plastic Recycling market?
- What are the various sales, marketing, and distribution channels in the global industry?