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Neuromorphic Sensors Market Share

Report ID: GMI10765
Published Date: Aug 2024
Report Format: PDF

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Neuromorphic Sensors Market Share

Key players in the neuromorphic sensors industry are investing in R&D to enhance sensor technologies and energy efficiency. They are forming strategic partnerships with academic institutions and tech firms to drive innovation and accelerate commercialization. Companies are expanding product portfolios to serve healthcare, automotive, consumer electronics, and industrial sectors. Efforts to streamline manufacturing and reduce costs are enabling competitive pricing and wider adoption. Additionally, they are actively participating in industry standards development to ensure interoperability and integration of neuromorphic sensors.

Neuromorphic Sensors Market Companies

Major players operating in the neuromorphic sensors industry are:

Intel Corporation
IBM Corporation
Qualcomm Incorporated
BrainChip Holdings Ltd.
SynSense

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

Market size for neuromorphic sensors was USD 550 million in 2023 and is expected to register over 28% CAGR from 2024-2032 owing to their ability to enhance the efficiency and effectiveness of AI systems.

Neuromorphic sensors industry from the CMOS technology segment is expected to reach over USD 1.6 billion by 2032 due to leveraging the advantages of low power consumption, high integration density, and cost-effective manufacturing.

North America industry held over 35% share in 2023 and is expected to register a commendable CAGR from 2024-2032 due to substantial investments in R&D, a sophisticated technological infrastructure, and the presence of major industry players in the region.

Intel Corporation, IBM Corporation, Qualcomm Incorporated, BrainChip Holdings Ltd., and SynSense, are some of the major neuromorphic sensors companies worldwide.