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Neuromorphic Market Forecast
Technologically, neuromorphic devices could play a big role in the coming age of edge and endpoint AI. According to a report by Sheer Analytics & Insights, the worldwide market for neuromorphic computing will reach $780 million, with a compound annual growth rate (CAGR) of 50.3% by 2028.1 Mordor Intelligence, on the other hand, expects the market to reach $366 million by 2026, with a CAGR of 47.4%.2 Additional market research reports can be found online projecting similar numbers.
While the forecast numbers aren’t entirely consistent with each other, one thing is clear: The demand for neuromorphic devices is expected to drastically increase in the coming years. Market research companies expect various industries, such as industrial, automotive, mobile, and medical, to adopt neuromorphic devices for a range of applications.
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