Press Releases Details
The Wetware Computers Market was at USD 0.26 billion in 2023-e, and is projected to grow at a CAGR of 41.5% through 2030 to reach USD 3.0 billion. The desire to mimic or harness the capabilities of biological systems, such as the human brain, for more efficient and advanced computing functions. The exploration of cognitive computing, which involves the use of biological principles in machine learning and artificial intelligence, which is driving the integration of biological components into computing driving the market growth.
Cognitive computing is inspired by neural networks and the functions of the human brain. The development of biologically inspired algorithms intersects with the concept of “wet computing,” which simulates or improves biological processes in computing systems.
Advances in cognitive computing in natural language processing and human-like reasoning improve “wet computing” interfaces. This led to more intuitive and efficient interactions between biological systems (such as the human brain) and computing technology. Cognitive computing's ability to process large amounts of data and derive insights contributes to personalized experiences in "wet computing." This may involve tailoring IT systems to individual user preferences, behavior, or biometrics.
Academic institutions and research centers often spearhead innovative studies exploring the integration of biological principles with computing systems. These developments lay the groundwork for future technologies categorized within the realm of "wetware computers." Academia and research contribute significantly to advancements in neurotechnology, which encompasses the development of devices or systems interacting with the nervous system. Such studies contribute to understanding biological systems and potentially feed into the development of "wetware" technologies.
Government support for research and technology in countries across the Asia-Pacific facilitates advancements in biologically integrated computing. The Asia-Pacific region, being a hub for technological adoption and innovation, holds substantial potential for the adoption of wetware computing-related technologies. This is due to the region's significant advancements and competitive advantages. The market is consolidating and suppliers are spending more and more on R&D and collaboration activities to acquire technological capabilities and commercialize the market, making the market less competitive.
IBM has been a pioneer in this market and has developed projects such as the IBM TrueNorth neurosynaptic chip. Their research focuses on building computing systems inspired by the architecture and functioning of the human brain. In April 2022, SynSense announced a partnership with BMW to advance the integration of neural chips and smart cockpits. This is the first step towards integrating SynSense brain technology into smart cockpits. This neurotechnology collaboration with BMW will focus on SynSense's SoC-Speck dynamic vision intelligence, combining SynSense's low-power SNN vision processor with event-based sensing on a single chip.
Major players are CEA-Leti, General Vision, Google, HP, HRL Laboratories, IBM, Intel, Knowm, NVIDIA, Qualcomm Technologies, Samsung, Vicarious FPC, among others. Several smaller companies, such as BrainChip and aiCTX AG working on developing chips and systems that mimic the brain's neural structure to perform cognitive tasks efficiently.
TRENDING REPORTS