Neuromorphic Computing Market by Offering (Hardware, Software), Application (Image Recognition, Signal Recognition, Data Mining), Industry (Aerospace & Defense, IT & Telecom, Automotive, Medical & Industrial) and Geography - Global Forecast to 2022

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Date: 21-Sep-2016
No. of pages: 163
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“Increasing adoption of software for various applications expected to drive the growth of the neuromorphic computing market”

The neuromorphic computing market is expected to grow from USD 6.6 million in 2016 to reach USD 272.9 million by 2022, at a CAGR of 86.0% during the forecast period. Increasing adoption of software, due to its applications such as continuous online learning, real-time data streaming, predictive analysis, and data modeling, in video monitoring, machine vision, and voice identification applications is expected to be a major driving factor for the growth of the market. Lack of R&D investments and lack of knowledge about neuromorphic computing among consumers are the major restraints of neuromorphic computing market.

“Image recognition application holds the largest share of the neuromorphic computing market for the aerospace & defense industry”

Image recognition application holds the largest share of the neuromorphic computing market for the aerospace. Various approaches to allow neuromorphic computing to learn algorithms are based on the image recognition technology. Aerospace & defense is the largest application area for image recognition since it is used for surveillance and security, tracking, and targeting and in drones. Growth in the market for image recognition is expected to be driven by the increasing adoption of drones and UAVs. Video monitoring and machine vision are the major factors driving the growth of the market for image recognition.

“Neuromorphic computing market in North America to grow at the highest rate in the coming years”

High awareness pertaining to the benefits of neuromorphic computing in various industries such as aerospace, military,& defense and medical is a major driver for the growth of the neuromorphic computing market in North America. The U.S. being the leading country in the adoption of artificial intelligence for machine learning, natural language processing (NLP), image processing, and speech recognition across industries such as healthcare and automotive & transportation is driving the growth of the neuromorphic computing market in North America.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with people holding key positions across several regions. The breakup of the profile of primary participants is given below:


  • By Company Type: Tier 1 – 35%, Tier 2 – 40%, and Tier 3 – 25%

  • By Designation: C-Level Executives – 45%, Directors– 35%, and Managers– 20%

  • By Region: North America – 40%, Europe – 30%, APAC– 20%, and RoW – 10%


Major players operating in the neuromorphic computing market include IBM Corp.(U.S.), HP Corp. (U.S.), Samsung Electronics Ltd. (South Korea), Intel Corp. (U.S.), HRL Laboratories, LLC (U.S.), General Vision Inc. (U.S.), Applied Brain Research Inc. (U.S.), and BrainChip Holdings Ltd. (U.S.).  

Reasons to Buy the Report:

The report would help the market leaders/new entrants in this market in the following ways:


  • This report segments the neuromorphic computing market comprehensively and provides the closest approximations of the market sizes for the overall market and subsegments across the different applications, industries and regions.

  • The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

  • This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

Neuromorphic Computing Market by Offering (Hardware, Software), Application (Image Recognition, Signal Recognition, Data Mining), Industry (Aerospace & Defense, IT & Telecom, Automotive, Medical & Industrial) and Geography - Global Forecast to 2022

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for This Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Market Share Estimation
2.4.1 Key Industry Insights
2.5 Assumptions & Limitations
2.5.1 Assumptions
2.5.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Neuromorphic Computing Market
4.2 Neuromorphic Computing Market, By Offering
4.3 Neuromorphic Computing Market, By Application
4.4 Neuromorphic Computing Market, By Industry
4.5 Neuromorphic Computing Market, By Region

5 Market Overview
5.1 Introduction
5.2 Evolution
5.3 Market Segmentation
5.3.1 Neuromorphic Computing Market, By Offering
5.3.2 Neuromorphic Computing Market, By Application
5.3.3 Neuromorphic Computing Market, By Industry
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 New Ways of Computation Possible Due to the End of Moore’s Law
5.4.1.2 Need for Better Performing ICs
5.4.1.3 Increase in Demand for Artificial Intelligence and Machine Learning
5.4.2 Restraints
5.4.2.1 Lack of R&D and Investments Slowing Down the Development of Real-World Applications
5.4.2.2 Complex Algorithms Increase the Complexity of Designing Hardware of Neuromorphic Chips
5.4.2.3 Lack of Knowledge About Neuromorphic Computing
5.4.3 Opportunities
5.4.3.1 Emerging Applications Pertaining to Automation
5.4.3.2 Adoption of Neuromorphic Computing for Security Purposes
5.4.4 Challenges
5.4.4.1 Applications Dependent on Software Compatibility of Neural Hardware

6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.3 Porter’s Five Forces Analysis of the Neuromorphic Computing Market, 2015
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Power of Buyers
6.3.3 Threat of Substitutes
6.3.4 Threat of New Entrants
6.3.5 Degree of Competition
6.4 Key Trends

7 Neuromorphic Computing Market, By Offering
7.1 Introduction
7.2 Hardware
7.3 Software

8 Neuromorphic Computing Market, By Application
8.1 Introduction
8.2 Image Recognition
8.3 Signal Recognition
8.4 Data Mining

9 Neuromorphic Computing Market, By Industry
9.1 Introduction
9.2 Aerospace & Defense
9.3 IT & Telecom
9.4 Medical
9.5 Automotive
9.6 Industrial
9.7 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 U.K.
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 APAC
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Rest of APAC
10.5 RoW
10.5.1 Middle East & Africa
10.5.2 South America

11 Competitive Landscape
11.1 Overview
11.2 Key Players in the Neuromorphic Computing Market
11.3 Competitive Situations and Trends
11.3.1 New Product Launches
11.3.2 Mergers & Acquisitions

12 Company Profiles
(Overview, Products and Services, Financials, Strategy & Development)*
12.1 Introduction
12.2 International Business Machines Corporation
12.3 Hewlett Packard Enterprise
12.4 Samsung Electronics Limited
12.5 Intel Corp.
12.6 HRL Laboratories, LLC
12.7 General Vision Inc.
12.8 Applied Brain Research, Inc.
12.9 Brainchip Holdings Ltd.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customization
13.6 Related Reports

List of Tables

Table 1 Software Comparison: Conventional vs Neuromorphic Chips
Table 2 Technological Developments in Neuromorphic Computing Market
Table 3 Neuromorphic Computing Market, By Offering, 2016–2022 (USD Thousand)
Table 4 Neuromorphic Computing Hardware Market, By Application, 2016–2022 (USD Thousand)
Table 5 Neuromorphic Computing Hardware Market, By Region, 2016–2022 (USD Thousand)
Table 6 Neuromorphic Computing Software Market, By Application, 2016–2022 (USD Thousand)
Table 7 Neuromorphic Computing Software Market, By Region, 2016–2022 (USD Thousand)
Table 8 Neuromorphic Computing Market, By Application, 2016–2022 (USD Thousand)
Table 9 Neuromorphic Computing Market for Image Recognition Applications, By Type, 2016–2022 (USD Thousand)
Table 10 Neuromorphic Computing Market for Image Recognition Applications, By Offering, 2016–2022 (USD Thousand)
Table 11 Neuromorphic Computing Market for Image Recognition Applications, By Industry, 2016–2022 (USD Thousand)
Table 12 Neuromorphic Computing Market for Image Recognition Applications, By Geography, 2016–2022 (USD Thousand)
Table 13 Neuromorphic Computing Market for Signal Recognition Applications, By Type, 2016–2022 (USD Thousand)
Table 14 Neuromorphic Computing Market for Signal Recognition Applications, By Offering, 2016–2022 (USD Thousand)
Table 15 Neuromorphic Computing Market for Signal Recognition Applications, By Industry, 2016–2022 (USD Thousand)
Table 16 Neuromorphic Computing Market for Signal Recognition Applications, By Geography, 2016–2022 (USD Thousand)
Table 17 Neuromorphic Computing Market for Data Mining Applications, By Type, 2016–2022 (USD Thousand)
Table 18 Neuromorphic Computing Market for Data Mining Applications, By Offering, 2016–2022 (USD Thousand)
Table 19 Neuromorphic Computing Market for Data Mining Applications, By Industry, 2016–2022 (USD Thousand)
Table 20 Neuromorphic Computing Market for Data Mining Applications, By Geography, 2016–2022 (USD Thousand)
Table 21 Neuromorphic Computing Market, By Industry, 2016–2022 (USD Thousand)
Table 22 Neuromorphic Computing Market for the Aerospace & Defense Industry, By Application, 2016–2022 (USD Thousand)
Table 23 Neuromorphic Computing Market for the Aerospace & Defense Industry, By Region, 2016–2022 (USD Thousand)
Table 24 Neuromorphic Computing Market for the IT & Telecom Industry, By Application, 2016–2022 (USD Thousand)
Table 25 Neuromorphic Computing Market for the IT & Telecom Industry, By Geography, 2016–2022 (USD Thousand)
Table 26 Neuromorphic Computing Market for the Medical Industry, By Application, 2018–2022 (USD Thousand)
Table 27 Neuromorphic Computing Market for the Medical Industry, By Geography, 2018–2022 (USD Thousand)
Table 28 Neuromorphic Computing Market for the Automotive Industry, By Application, 2018–2022 (USD Thousand)
Table 29 Neuromorphic Computing Market for the Automotive Industry, By Geography, 2018–2022 (USD Thousand)
Table 30 Neuromorphic Computing Market for the Industrial Sector, By Application, 2018–2022 (USD Thousand)
Table 31 Neuromorphic Computing Market for the Industrial Sector, By Geography, 2018–2022 (USD Thousand)
Table 32 Neuromorphic Computing Market for the Other Industries, By Application, 2018–2022 (USD Thousand)
Table 33 Neuromorphic Computing Market for the Other Industries, By Geography, 2018–2022 (USD Thousand)
Table 34 Neuromorphic Computing Market, By Region, 2016–2022 (USD Thousand)
Table 35 Neuromorphic Computing Market in North America, By Country, 2016–2022 (USD Thousand)
Table 36 Neuromorphic Computing Market in North America, By Application, 2016–2022 (USD Thousand)
Table 37 Neuromorphic Computing Market in North America, By Industry, 2016–2022 (USD Thousand)
Table 38 Neuromorphic Computing Market in the U.S., By Industry, 2016–2022 (USD Thousand)
Table 39 Neuromorphic Computing Market in Canada, By Industry, 2016–2022 (USD Thousand)
Table 40 Neuromorphic Computing Market in Mexico, By Industry, 2016–2022 (USD Thousand)
Table 41 Neuromorphic Computing Market in Europe, By Country, 2016–2022 (USD Thousand)
Table 42 Neuromorphic Computing Market in Europe, By Application, 2016–2022 (USD Thousand)
Table 43 Neuromorphic Computing Market in Europe, By Industry, 2016–2022 (USD Thousand)
Table 44 Neuromorphic Computing Market in Germany, By Industry, 2016–2022 (USD Thousand)
Table 45 Neuromorphic Computing Market in the U.K., By Industry, 2016–2022 (USD Thousand)
Table 46 Neuromorphic Computing Market in France, By Industry, 2016–2022 (USD Thousand)
Table 47 Neuromorphic Computing Market in Italy, By Industry, 2016–2022 (USD Thousand)
Table 48 Neuromorphic Computing Market in Spain, By Industry, 2016–2022 (USD Thousand)
Table 49 Neuromorphic Computing Market in Rest of Europe, By Industry, 2016–2022 (USD Thousand)
Table 50 Neuromorphic Computing Market in APAC, By Country, 2016–2022 (USD Thousand)
Table 51 Neuromorphic Computing Market in APAC, By Application, 2016–2022 (USD Thousand)
Table 52 Neuromorphic Computing Market in APAC, By Industry, 2016–2022 (USD Thousand)
Table 53 Neuromorphic Computing Market in China, By Industry, 2016–2022 (USD Thousand)
Table 54 Neuromorphic Computing Market in Japan, By Industry, 2016–2022 (USD Thousand)
Table 55 Neuromorphic Computing Market in South Korea, By Industry, 2016–2022 (USD Thousand)
Table 56 Neuromorphic Computing Market in India, By Industry, 2016–2022 (USD Thousand)
Table 57 Neuromorphic Computing Market in Rest of APAC, By Industry, 2016–2022 (USD Thousand)
Table 58 Neuromorphic Computing Market in RoW, By Region, 2016–2022 (USD Thousand)
Table 59 Neuromorphic Computing Market in RoW, By Application, 2016–2022 (USD Thousand)
Table 60 Neuromorphic Computing Market in RoW, By Industry, 2016–2022 (USD Thousand)
Table 61 Neuromorphic Computing Market in the Middle East and Africa, By Industry, 2016–2022 (USD Thousand)
Table 62 Neuromorphic Computing Market in South America, By Industry, 2016–2022 (USD Thousand)
Table 63 Key Players’ Ranking, 2015
Table 64 New Product Launches, 2012–2016
Table 65 Mergers & Acquisitions, 2015–2016
Table 66 IBM Corporation: Financial Statement, 2013–2015
Table 67 Hewlett Packard Enterprise: Financial Statement, 2013–2015
Table 68 Samsung Electronics Limited: Financial Statement, 2012–2014
Table 69 Intel Corp.: Financial Statement, 2013–2015
Table 70 Brainchip Holdings Ltd.: Financial Statement, 2014–2015

List of Figures

Figure 1 Neuromorphic Computing Market
Figure 2 Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Breakdown of Primaries
Figure 6 Data Triangulation: Neuromorhic Computing Market
Figure 7 Flow of Report Writing
Figure 8 Neuromorphic Computing Market, By Offering, 2016–2022
Figure 9 Neuromorphic Computing Market, By Application, 2016 vs 2022
Figure 10 Neuromorphic Computing Market, By Industry, 2016 vs 2022
Figure 11 Neuromorphic Computing Market, By Region, 2016
Figure 12 Neuromorphic Computing Market Expected to Grow at A High Rate Between 2016 and 2022
Figure 13 Software Expected to Dominate the Neuromorphic Computing Market Between 2016 and 2022
Figure 14 Image Recognition Expected to Hold the Largest Share of the Neuromorphic Computing Market By 2022
Figure 15 Aerospace & Defense Expected to Hold the Largest Share of the Neuromorphic Computing Market By 2022
Figure 16 The U.S. Likely to Hold the Largest Share of the Neuromorphic Computing Market Between 2016 and 2022
Figure 17 Architectural Difference: Von Neumann vs Neural Network
Figure 18 Biological Inspiration of Neuromorphic Design By Carver Mead in 1990
Figure 19 Neuromorphic Computing: Market Dynamics
Figure 20 Cost Per Transistor for A Single IC Chip has Increased After the Launch of 28nm Semiconductor Device Fabrication Technology
Figure 21 Value Chain Analysis of the Neuromorphic Computing Market, 2015
Figure 22 Overview of the Porter’s Five Forces Analysis of the Neuromorphic Computing Market (2015)
Figure 23 Neuromorphic Computing Market: Porter’s Five Forces Analysis
Figure 24 Medium Impact of Bargaining Power of Suppliers on the Neuromorphic Computing Market
Figure 25 Low Impact of Bargaining Power of Buyers on the Neuromorphic Computing Market
Figure 26 Medium Impact of Threat of Substitutes on the Neuromorphic Computing Market
Figure 27 Low Impact of Threat of New Entrants on the Neuromorphic Computing Market
Figure 28 High Impact of Degree of Competition on the Neuromorphic Computing Market
Figure 29 Neuromorphic Computing Segmentation
Figure 30 Neuromorphic Computing Hardware Market to Grow at the Fastest Rate Between 2016 and 2022
Figure 31 Neuromorphic Computing Hardware Market for Signal Recognition Applications to Grow at the Highest Rate Between 2016 and 2022
Figure 32 North America Expected to Hold the Largest Share of the Neuromorphic Computing Software Market Between 2016 and 2022
Figure 33 Neuromorphic Computing Segmentation, By Application
Figure 34 Neuromorphic Computing Market for Signal Recognition Applications Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 35 Video Monitoring Expected to Hold the Largest Share of the Neuromorphic Computing Market for Image Recognition Applications Between 2016 and 2022
Figure 36 Voice Identification Expected to Hold the Largest Share of the Neuromorphic Computing Market for Signal Recognition Applications Between 2016 and 2022
Figure 37 Fingerprint Identification to Hold the Largest Share of the Neuromorphic Computing Market for Data Mining Applications Between 2016 and 2022
Figure 38 Neuromorphic Computing Market Segmentation, By Industry
Figure 39 Aerospace & Defense Industry Expected to Hold the Largest Size of the Neuromorphic Computing Market Between 2016 and 2022
Figure 40 Market for Signal Recognition Applications for the Aerospace & Defense Industry Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 41 North America Expected to Dominate the Neuromorphic Computing Market for the Aerospace & Defense Industry Between 2016 and 2022
Figure 42 Market for Image Recognition Applications for the IT & Telecom Industry Expected to Be Grow at the Highest Rate Between 2016 and 2022
Figure 43 North America Expected to Dominate the Neuromorphic Computing Market for the IT & Telecom Industry Between 2016 and 2022
Figure 44 Market for Image Recognition Applications for the Automotive Industry to Grow at the Highest Rate Between 2018 and 2022
Figure 45 Image Recognition Applications for the Industrial Sector Expected to Dominate the Neuromorphic Computing Market Between 2018 and 2022
Figure 46 Neuromorphic Computing Market Segmentation, By Region
Figure 47 U.S. Held the Largest Share of the Total Military Spending in 2014
Figure 48 Neuromorphic Computing Market in the U.S. Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 49 North America: Neuromorphic Computing Market Snapshot (2016-2022)
Figure 50 U.S. Expected to Be the Fastest Growing Market for Neuromorphic Computing in North America Between 2016 and 2022
Figure 51 Aerospace & Defense Expected to Be the Largest Industry for Neuromorphic Computing in the U.S. Between 2016 and 2022
Figure 52 Europe: Neuromorphic Computing Market Snapshot (2016-2022)
Figure 53 Neuromorphic Computing Market for the Medical Industry in Germany Expected to Grow at Highest Rate Between 2016 and 2022
Figure 54 Neuromorphic Computing Market for the Medical Industry in Spain Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 55 Asia-Pacific: Neuromorphic Computing Market Snapshot (2016-2022)
Figure 56 Aerospace & Defense Expected to Be the Largest Industry for Neuromorphic Computing in China Between 2016 and 2022
Figure 57 Neuromorphic Computing Market in the Middle East & Africa Expected to Grow at the Highest Rate Between 2016 and 2022
Figure 58 Companies Adopted New Product Development as the Key Growth Strategy in the Past Three Years (2012–2016)
Figure 59 Battle for Market Share: New Product Launches Was the Key Strategy Adopted By Companies Between 2012 and 2016
Figure 60 Geographic Revenue Mix
Figure 61 IBM Corporation: Company Snapshot
Figure 62 IBM Corporation: SWOT Analysis
Figure 63 Hewlett Packard Enterprise: Company Snapshot
Figure 64 Hewlett Packard Enterprise: SWOT Analysis
Figure 65 Samsung Electronics Limited: Company Snapshot
Figure 66 Samsung Electronics Limited: SWOT Analysis
Figure 67 Intel Corp.: Company Snapshot
Figure 68 Intel Corp.: SWOT Analysis

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