The North America Neural Processor Market would witness market growth of 17.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Neural Processor Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $206,835.2 Thousands by 2031. The Canada market is expected to witness a CAGR of 19.7% during (2024 - 2031). Additionally, The Mexico market is expected to witness a CAGR of 18.6% during (2024 - 2031).
Artificial intelligence (AI) has experienced a significant paradigm shift in recent times, propelled by progress in machine learning algorithms and the exponential expansion of data. This transformation has spurred the emergence of neural processors, specialized hardware accelerators designed to execute AI tasks with unprecedented efficiency and performance. The neural processor market is experiencing rapid growth and innovation, fueled by the increasing demand for AI-driven solutions across various industries and applications.
In addition, the adoption of neural processors has been propelled by the proliferation of AI applications across diverse domains, including healthcare, finance, automotive, manufacturing, and consumer electronics. Organizations leverage AI to enhance decision-making, automate repetitive tasks, optimize processes, and unlock new business opportunities. Neural processors play a pivotal role in enabling the efficient execution of AI algorithms, accelerating tasks such as image recognition, natural language processing, recommendation systems, and autonomous navigation.
Mexico's relatively stable economic environment, coupled with steady GDP growth and low inflation rates, provides a conducive backdrop for the expansion of the BFSI sector. The country's growing middle class and increasing disposable income increase demand for banking and insurance services. Hence, the rising media and BFSI sectors in North America will boost the demand for neural processors in the region.
Free Valuable Insights: The Neural Processor Market is Predict to reach USD 798.2 Million by 2031, at a CAGR of 17.8%
Based on Application, the market is segmented into Hardware Diagnostics, Image Optimization, Fraud Detection, Financial Forecasting, and Others. Based on End User, the market is segmented into Retail, Defense Agencies, Media, BFSI, Healthcare, Logistics, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Applied Brain Research, Inc.
- BrainChip Holdings Ltd
- Intel Corporation
- Samsung Electronics Co., Ltd.
- Hewlett Packard Enterprise Company
- NVIDIA Corporation
- Bit&Brain Technologies S.L
- BrainCo, Inc.
- General Vision Inc.
- Aspinity, Inc.
North America Neural Processor Market Report Segmentation
By Application
- Hardware Diagnostics
- Image Optimization
- Fraud Detection
- Financial Forecasting
- Others
By End User
- Retail
- Defense Agencies
- Media
- BFSI
- Healthcare
- Logistics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. MarketScope & Methodology
1.1 MarketDefinition
1.2 Objectives
1.3 MarketScope
1.4 Segmentation
1.4.1 North America Neural Processor Market, by Application
1.4.2 North America Neural Processor Market, by End User
1.4.3 North America Neural Processor Market, by Country
1.5 Methodology for the research
Chapter 2. Marketat a Glance
2.1 Key Highlights
Chapter 3. MarketOverview
3.1 Introduction
3.1.1 Overview
3.1.1.1 MarketComposition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 MarketDrivers
3.2.2 MarketRestraints
3.2.3 MarketOpportunities
3.2.4 MarketChallenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Recent Strategies Deployed in Neural Processor Market
Chapter 5. North America Neural Processor Market by Application
5.1 North America Hardware Diagnostics Market by Country
5.2 North America Image Optimization Market by Country
5.3 North America Fraud Detection Market by Country
5.4 North America Financial Forecasting Market by Country
5.5 North America Others Market by Country
Chapter 6. North America Neural Processor Market by End User
6.1 North America Retail Market by Country
6.2 North America Defense Agencies Market by Country
6.3 North America Media Market by Country
6.4 North America BFSI Market by Country
6.5 North America Healthcare Market by Country
6.6 North America Logistics Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Neural Processor Market by Country
7.1 US Neural Processor Market
7.1.1 US Neural Processor Market by Application
7.1.2 US Neural Processor Market by End User
7.2 Canada Neural Processor Market
7.2.1 Canada Neural Processor Market by Application
7.2.2 Canada Neural Processor Market by End User
7.3 Mexico Neural Processor Market
7.3.1 Mexico Neural Processor Market by Application
7.3.2 Mexico Neural Processor Market by End User
7.4 Rest of North America Neural Processor Market
7.4.1 Rest of North America Neural Processor Market by Application
7.4.2 Rest of North America Neural Processor Market by End User
Chapter 8. Company Profiles
8.1 Applied Brain Research, Inc.
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 BrainChip Holdings Ltd
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Bit&Brain Technologies S.L
8.3.1 Company Overview
8.3.2 SWOT Analysis
8.4 BrainCo, Inc.
8.4.1 Company Overview
8.4.2 SWOT Analysis
8.5 General Vision Inc.
8.5.1 Company Overview
8.5.2 SWOT Analysis
8.6 Aspinity, Inc.
8.6.1 Company Overview
8.6.2 SWOT Analysis
8.7 Samsung Electronics Co., Ltd. (Samsung Group)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Product Launches and Product Expansions:
8.7.5 SWOT Analysis
8.8 Hewlett Packard Enterprise Company
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Acquisition and Mergers:
8.8.6 SWOT Analysis
8.9 Intel Corporation
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Product Launches and Product Expansions:
8.9.6 SWOT Analysis
8.10. NVIDIA Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Product Launches and Product Expansions:
8.10.5.3 Acquisition and Mergers:
TABLE 1 North America Neural Processor Market, 2020 - 2023, USD Thousands
TABLE 2 North America Neural Processor Market, 2024 - 2031, USD Thousands
TABLE 3 North America Neural Processor Market by Application, 2020 - 2023, USD Thousands
TABLE 4 North America Neural Processor Market by Application, 2024 - 2031, USD Thousands
TABLE 5 North America Hardware Diagnostics Market by Country, 2020 - 2023, USD Thousands
TABLE 6 North America Hardware Diagnostics Market by Country, 2024 - 2031, USD Thousands
TABLE 7 North America Image Optimization Market by Country, 2020 - 2023, USD Thousands
TABLE 8 North America Image Optimization Market by Country, 2024 - 2031, USD Thousands
TABLE 9 North America Fraud Detection Market by Country, 2020 - 2023, USD Thousands
TABLE 10 North America Fraud Detection Market by Country, 2024 - 2031, USD Thousands
TABLE 11 North America Financial Forecasting Market by Country, 2020 - 2023, USD Thousands
TABLE 12 North America Financial Forecasting Market by Country, 2024 - 2031, USD Thousands
TABLE 13 North America Others Market by Country, 2020 - 2023, USD Thousands
TABLE 14 North America Others Market by Country, 2024 - 2031, USD Thousands
TABLE 15 North America Neural Processor Market by End User, 2020 - 2023, USD Thousands
TABLE 16 North America Neural Processor Market by End User, 2024 - 2031, USD Thousands
TABLE 17 North America Retail Market by Country, 2020 - 2023, USD Thousands
TABLE 18 North America Retail Market by Country, 2024 - 2031, USD Thousands
TABLE 19 North America Defense Agencies Market by Country, 2020 - 2023, USD Thousands
TABLE 20 North America Defense Agencies Market by Country, 2024 - 2031, USD Thousands
TABLE 21 North America Media Market by Country, 2020 - 2023, USD Thousands
TABLE 22 North America Media Market by Country, 2024 - 2031, USD Thousands
TABLE 23 North America BFSI Market by Country, 2020 - 2023, USD Thousands
TABLE 24 North America BFSI Market by Country, 2024 - 2031, USD Thousands
TABLE 25 North America Healthcare Market by Country, 2020 - 2023, USD Thousands
TABLE 26 North America Healthcare Market by Country, 2024 - 2031, USD Thousands
TABLE 27 North America Logistics Market by Country, 2020 - 2023, USD Thousands
TABLE 28 North America Logistics Market by Country, 2024 - 2031, USD Thousands
TABLE 29 North America Others Market by Country, 2020 - 2023, USD Thousands
TABLE 30 North America Others Market by Country, 2024 - 2031, USD Thousands
TABLE 31 North America Neural Processor Market by Country, 2020 - 2023, USD Thousands
TABLE 32 North America Neural Processor Market by Country, 2024 - 2031, USD Thousands
TABLE 33 US Neural Processor Market, 2020 - 2023, USD Thousands
TABLE 34 US Neural Processor Market, 2024 - 2031, USD Thousands
TABLE 35 US Neural Processor Market by Application, 2020 - 2023, USD Thousands
TABLE 36 US Neural Processor Market by Application, 2024 - 2031, USD Thousands
TABLE 37 US Neural Processor Market by End User, 2020 - 2023, USD Thousands
TABLE 38 US Neural Processor Market by End User, 2024 - 2031, USD Thousands
TABLE 39 Canada Neural Processor Market, 2020 - 2023, USD Thousands
TABLE 40 Canada Neural Processor Market, 2024 - 2031, USD Thousands
TABLE 41 Canada Neural Processor Market by Application, 2020 - 2023, USD Thousands
TABLE 42 Canada Neural Processor Market by Application, 2024 - 2031, USD Thousands
TABLE 43 Canada Neural Processor Market by End User, 2020 - 2023, USD Thousands
TABLE 44 Canada Neural Processor Market by End User, 2024 - 2031, USD Thousands
TABLE 45 Mexico Neural Processor Market, 2020 - 2023, USD Thousands
TABLE 46 Mexico Neural Processor Market, 2024 - 2031, USD Thousands
TABLE 47 Mexico Neural Processor Market by Application, 2020 - 2023, USD Thousands
TABLE 48 Mexico Neural Processor Market by Application, 2024 - 2031, USD Thousands
TABLE 49 Mexico Neural Processor Market by End User, 2020 - 2023, USD Thousands
TABLE 50 Mexico Neural Processor Market by End User, 2024 - 2031, USD Thousands
TABLE 51 Rest of North America Neural Processor Market, 2020 - 2023, USD Thousands
TABLE 52 Rest of North America Neural Processor Market, 2024 - 2031, USD Thousands
TABLE 53 Rest of North America Neural Processor Market by Application, 2020 - 2023, USD Thousands
TABLE 54 Rest of North America Neural Processor Market by Application, 2024 - 2031, USD Thousands
TABLE 55 Rest of North America Neural Processor Market by End User, 2020 - 2023, USD Thousands
TABLE 56 Rest of North America Neural Processor Market by End User, 2024 - 2031, USD Thousands
TABLE 57 Key Information – Applied Brain Research, Inc.
TABLE 58 Key Information – BrainChip Holdings Ltd
TABLE 59 Key Information – Bit&Brain Technologies S.L
TABLE 60 Key Information – BrainCo, Inc.
TABLE 61 Key Information – General Vision Inc.
TABLE 62 Key Information – Aspinity, Inc.
TABLE 63 Key Information – Samsung Electronics Co., Ltd.
TABLE 64 Key Information – Hewlett Packard Enterprise Company
TABLE 65 Key Information – Intel Corporation
TABLE 66 Key Information – NVIDIA Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Neural Processor Market, 2020 - 2031, USD Thousands
FIG 3 Key Factors Impacting Neural Processor Market
FIG 4 Porter’s Five Forces Analysis - Neural Processor Market
FIG 5 North America Neural Processor Marketshare by Application, 2023
FIG 6 North America Neural Processor Marketshare by Application, 2031
FIG 7 North America Neural Processor Market by Application, 2020 - 2031, USD Thousands
FIG 8 North America Neural Processor Marketshare by End User, 2023
FIG 9 North America Neural Processor Marketshare by End User, 2031
FIG 10 North America Neural Processor Market by End User, 2020 - 2031, USD Thousands
FIG 11 North America Neural Processor Marketshare by Country, 2023
FIG 12 North America Neural Processor Marketshare by Country, 2031
FIG 13 North America Neural Processor Market by Country, 2020 - 2031, USD Thousands
FIG 14 SWOT Analysis: Applied Brain Research, Inc.
FIG 15 SWOT Analysis: BrainChip Holdings Ltd
FIG 16 SWOT Analysis: Bit&Brain Technologies S.L
FIG 17 SWOT Analysis: BrainCo, Inc.
FIG 18 SWOT Analysis: General Vision Inc.
FIG 19 SWOT Analysis: Aspinity, Inc.
FIG 20 Recent strategies and developments: Samsung Electronics, Co. Ltd.
FIG 21 SWOT Analysis: Samsung Electronics Co., Ltd
FIG 22 Recent strategies and developments: Hewlett Packard Enterprise Company
FIG 23 SWOT Analysis: Hewlett Packard Enterprise Company
FIG 24 SWOT Analysis: Intel corporation
FIG 25 Recent strategies and developments: NVIDIA Corporation
FIG 26 SWOT Analysis: NVIDIA Corporation