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Neuromorphic Sensors Market Trends

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

Neuromorphic Sensors Market Trends

Significant advancements characterize the neuromorphic sensors industry, fueled by the convergence of artificial intelligence (AI) and the demand for more efficient computational systems. A notable trend is the rising integration of neuromorphic sensors within AI and machine learning applications. Mimicking the human brain's neural architecture, these sensors process complex data swiftly and efficiently, enabling real-time decision-making and adaptive learning. This trend is especially pronounced in advanced driver-assistance systems (ADAS) and autonomous vehicles, where neuromorphic sensors bolster situational awareness and enhance safety features. For instance, in April 2024, Intel introduced the largest-ever AI 'neuromorphic computer' that mimics the human brain. Intel's Hala Point neuromorphic computer, with over 1,000 AI chips, performs AI tasks 50 times faster and uses 100 times less energy than conventional systems. It will be deployed at Sandia National Laboratories for research in device physics and computing architecture. With AI's growing adoption across diverse industries, the demand for neuromorphic sensors is set to surge, propelling market growth.

 

Neuromorphic sensors aim to achieve high efficiency, low power consumption, and real-time data processing capabilities by leveraging the parallel and distributed processing mechanisms of the brain. They are used in various applications, including robotics, autonomous systems, and advanced computing, to enable more intelligent and adaptive behavior by sensing and processing environmental stimuli in a manner such as biological organisms. Energy-efficient computing is another focal point in the neuromorphic computing and sensors market. Traditional computing systems grapple with high power consumption and heat generation, hindering performance and scalability. Neuromorphic sensors counter these issues, offering efficient data processing with minimal energy consumption. This efficiency is paramount for portable and wearable devices. The consumer electronics sector is particularly keen on neuromorphic technology, utilizing it to craft smarter devices such as smartphones, smartwatches, and smart home automation systems.

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.

Neuromorphic Sensors Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 19
  • Tables & Figures: 728
  • Countries covered: 20
  • Pages: 272
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