Neuromorphic Computing Market Size

Neuromorphic Computing Market size was valued at USD 3.69 billion in 2024 and is set to reach USD 18.21 trillion by the end of 2037, expanding at around 91.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of neuromorphic computing is assessed at USD 6.4 billion.

Increasing demand for the automation of functions in various sectors using artificial intelligence and machine learning tools to improve the quality and efficiency of end products is estimated to boost market expansion. The growing need for integrated circuits with high performance is estimated to propel the market expansion. In 2021, globally more than 350 integrated circuit units are shipped with a growth rate of 20% from the year 2020.

The rising application of neuromorphic technology in the healthcare sector to develop medical devices, and medical imaging analytics to get a clear view of the diagnosed diseases is driving the market size. The rising automation of automobiles across the world to enhance profits and growing investment from automobile owners to achieve level 5 automation of vehicles is fueling the size of the neuromorphic computing market. It was observed that by the end of 2025, level 2 cars are expected to occupy 60% of car sales around the world. Also, the demand for cognitive technology in media, entertainment, food and beverages industry, and consumer devices is promoting market value.