Neuromorphic sensing and computing to generate US$28 million revenue in 2024
Date: 24/04/2024
Yole reported that the combined neuromorphic sensing and computing markets are anticipated to generate from US$28 million in 2024 to US$8.4 billion in revenue by the year 2034.
Yole's further analysis of this market:
Since 2023, the neuromorphic ecosystem has seen heightened activity from key players like IBM, Intel, Sony, and Samsung, alongside diverse approaches from startups.
The primary assets of neuromorphic technology include low latency, power efficiency, and online learning capabilities. Overall, neuromorphic technologies hold potential for enabling sustainable and efficient AI processing at the edge.
By 2029, the neuromorphic sensing market is forecasted to hit US$410 million, escalating to US$2.9 billion by 2034. Similarly, the neuromorphic computing market is projected to rise to US$412 million by 2029 and US$5.4 billion by 2034.
In terms of neuromorphic sensing, mobile applications are anticipated to dominate in 2034, trailed by entertainment, smart city, automotive, and home applications. Conversely, for neuromorphic computing, data center applications are predicted to be the primary revenue drivers in 2034, followed by automotive, entertainment, smart city, and mobile applications.
The growth of the embedded emerging NVM market for near- and in-memory computing is expected to remain constrained until at least 2029.
Near-memory computing methodologies, predominantly utilizing MRAM, are set to spearhead short-term growth, while analog IMC and other RRAM/PCM-based IMC approaches will gain momentum in the subsequent years, post-2027.
Source: Yole
