The global neuromorphic chip market is expected to witness a significant surge by the end of 2026. The market will record a CAGR of 20.7% within the forecast period (2016 to 2026). The value of the global neuromorphic chip market crossed USD 1,420 Million in 2015 and is expected to touch an approximate value of USD 10,810 Million by the end of 2026. The market is likely to showcase an incremental dollar opportunity of more than USD 9,170 Million during the period of forecast.
In terms of revenue the North America neuromorphic chip market is projected to be the most attractive region. The North America neuromorphic chip market was valued at more than USD 400 Million in 2015 and is expected to surpass the value of USD 2,700 Million by the end of 2026. The market will expand at a CAGR of 19.7% in terms of value over the forecast period. This booming regional market is expected to represent an incremental dollar opportunity of more than USD 2,300 Million during the period of assessment.
Recent trends in North America include convergence of new and advanced technologies with existing technologies to enhance operations in different verticals such as automobiles and aerospace & defence. Neuromorphic chips, built with hundreds of neurons, are being tested for application in unmanned drones.
A chip that works on a complex pattern matching algorithm is being developed to be able to identify and store the signal patterns emitted from the surroundings of any defined space. Using this information, the chip will enable the drone to recognise the space the next time it is at the same location.
For applications in the automotive industry, with the help of other technologies such as signal processing etc., the chip is expected to help drivers in taking better informed decisions by offering data and information about their immediate surroundings. In the USA, the government is taking initiatives to promote research and development of advanced technologies, which can replace or enhance existing non-efficient ones.
Moreover, the USA government is taking advantage of the presence of established players for conducting research and development studies for neuromorphic chips. Furthermore, companies are focussing on agreements and collaborations in order to develop neuromorphic chips with advanced features. In 2013, DARPA started a project with the objective to develop neuromorphic chips technology, which would be comparable to a mammal’s brain. DARPA signed on established players such as IBM Corporation and HRL Laboratories, LLC, for this project.
In terms of value, image recognition segment is estimated to be the most attractive in the North America neuromorphic chip market over the forecast period. In terms of revenue, image recognition segment is projected to be the most lucrative segment in the North America neuromorphic chip market during the forecast period.
However, signal recognition segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 21.2% during the forecast period.
In terms of value, the consumer electronics segment is expected to expand at a CAGR of 25.0% during the forecast period. The aerospace & defence segment is expected to be the most attractive segment in the neuromorphic chip market in North America.
In 2015 the automotive segment was valued at more than USD 80 Million and it is expected to be valued close to USD 530 Million by the end of 2026, expanding at a CAGR of 18.4 % between 2016 and 2026.
Table 01: Global Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Region, 2016–2026
Table 02: North America Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Country, 2016–2026
Table 03: North America Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Application, 2016– 2026
Table 04: North America Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Vertical, 2016–2026
Table 05: Latin America Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Country, 2016–2026
Table 06: Latin America Market Value (US$ Mn) Forecast, By Application, 2016–2026
Table 07: Latin America Market Value (US$ Mn) Forecast, By Vertical, 2016–2026
Table 08: Western Europe Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Country, 2016– 2026
Table 09: Western Europe Market Value (US$ Mn) Forecast, By Application, 2016–2026
Table 10: Western Europe Market Value (US$ Mn) Forecast, By Vertical, 2016–2026
Table 11: Eastern Europe Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Country, 2016– 2026
Table 12: Eastern Europe Market Value (US$ Mn) Forecast, By Application, 2016–2026
Table 13: Eastern Europe Market Value (US$ Mn) Forecast, By Vertical, 2016–2026
Table 14: APEJ Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Country, 2016–2026
Table 15: APEJ Market Value (US$ Mn) Forecast, By Application, 2016–2026
Table 16: APEJ Market Value (US$ Mn) Forecast, By Vertical, 2016–2026
Table 17: Japan Market Value (US$ Mn) Forecast, By Application, 2016–2026
Table 18: Japan Market Value (US$ Mn) Forecast, By Vertical, 2016–2026
Table 19: MEA Market Value and Absolute $ Opportunity (US$ Mn) Forecast, By Country, 2016–2026
Table 20: MEA Market Value (US$ Mn) Forecast, By Application, 2016–2026
Table 21: MEA Market Value (US$ Mn) Forecast, By Vertical, 2016–2026
Figure 01: Global Market Value (US$), 2016–2026
Figure 02: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, 2016–2026
Figure 03: Market Absolute $ Opportunity (US$ Mn), 2016–2026
Figure 04: Global Market Value Share (%) & BPS Analysis, By Application, 2015 & 2026
Figure 05: Global Market Y-o-Y Growth Comparison, By Application, 2016–2026
Figure 06: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Image Recognition Segment, 2016–2026
Figure 07: Global Market Absolute $ Opportunity (US$ Mn), Image Recognition Segment, 2016–2026
Figure 08: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Signal Recognition Segment, 2016–2026
Figure 09: Global Market Absolute $ Opportunity (US$ Mn), Signal Recognition Segment, 2016–2026
Figure 10: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Data Mining Segment, 2016–2026
Figure 11: Global Market Absolute $ Opportunity (US$ Mn), Data Mining Segment, 2016–2026
Figure 12: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Others Segment, 2016–2026
Figure 13: Global Market Absolute $ Opportunity (US$ Mn), Others Segment, 2016–2026
Figure 14: Global Market Attractiveness Index, By Application, 2016–2026
Figure 15: Global Market Value Share (%) & BPS Analysis, By Vertical, 2015 & 2026
Figure 16: Global Market Y-o-Y Growth Comparison, By Vertical, 2016–2026
Figure 17: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Aerospace & Defence Segment, 2016– 2026
Figure 18: Global Market Absolute $ Opportunity (US$ Mn), Aerospace & Defence Segment, 2016–2026
Figure 19: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Automotive Segment, 2016–2026
Figure 20: Global Market Absolute $ Opportunity (US$ Mn), Automotive Segment, 2016–2026
Figure 21: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Consumer Electronics Segment, 2016– 2026
Figure 22: Global Market Absolute $ Opportunity (US$ Mn), Consumer Electronics Segment, 2016–2026
Figure 23: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Healthcare Segment, 2016–2026
Figure 24: Global Market Absolute $ Opportunity (US$ Mn), Healthcare Segment, 2016–2026
Figure 25: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Industrial Segment, 2016–2026
Figure 26: Global Market Absolute $ Opportunity (US$ Mn), Industrial Segment, 2016–2026
Figure 27: Global Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Others Segment, 2016–2026
Figure 28: Global Market Absolute $ Opportunity (US$ Mn), Others Segment, 2016–2026
Figure 29: Global Market Attractiveness Index, By Application, 2016–2026
Figure 30: Global Market Value Share (%) & BPS Analysis, By Region, 2015 & 2026
Figure 31: Global Market Y-o-Y Growth Comparison, By Region 2016–2026
Figure 32: Global Market Attractiveness Index, By Application, 2016–2026
Figure 33: North America Market Value Share (%) & BPS Analysis, By Country, 2015 & 2026
Figure 34: North America Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 35: North America Market Value (US$ Mn) & Y-o-Y Growth Forecast, 2016–2026
Figure 36: North America Market Absolute $ Opportunity (US$ Mn), 2016–2026
Figure 37: North America Market Attractiveness Index, By Application, 2016–2026
Figure 38: North America Market Attractiveness Index, By Vertical, 2016–2026
Figure 39: Latin America Market Value Share (%) & BPS Analysis, By Country, 2015 & 2026
Figure 40: Latin America Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 41: Latin America Market Value (US$ Mn) & Y-o-Y Growth Forecast, 2016–2026
Figure 42: Latin America Market Absolute $ Opportunity (US$ Mn), 2016–2026
Figure 43: Latin America Market Attractiveness Index, By Application, 2016–2026
Figure 44: Latin America Market Attractiveness Index, By Vertical, 2016–2026
Figure 45: Western Europe Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 46: Western Europe Market Value (US$ Mn) & Y-o-Y Growth Forecast, 2016–2026
Figure 47: Western Europe Market Absolute $ Opportunity (US$ Mn), 2016–2026
Figure 48: Western Europe Market Attractiveness Index, By Application, 2016–2026
Figure 49: Western Europe Market Attractiveness Index, By Vertical, 2016–2026
Figure 50: Eastern Europe Market Value Share (%) & BPS Analysis, By Country, 2015 & 2026
Figure 51: Eastern Europe Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 52: Eastern Europe Market Value (US$ Mn) & Y-o-Y Growth Forecast, 2016–2026
Figure 53: Eastern Europe Market Absolute $ Opportunity (US$ Mn), 2016–2026
Figure 54: Eastern Europe Market Attractiveness Index, By Application, 2016–2026
Figure 55: Eastern Europe Market Attractiveness Index, By Vertical, 2016–2026
Figure 56: APEJ Market Value Share (%) & BPS Analysis, By Country, 2015 & 2026
Figure 57: APEJ Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 58: APEJ Market Value (US$ Mn) & Y-o-Y Growth Forecast, 2016–2026
Figure 59: APEJ Market Absolute $ Opportunity (US$ Mn), 2016–2026
Figure 60: APEJ Market Attractiveness Index, By Application, 2016–2026
Figure 61: APEJ Market Attractiveness Index, By Vertical, 2016–2026
Figure 62: Japan Market Value (US$ Mn) & Y-o-Y Growth Forecast, 2016–2026
Figure 63: Japan Market Absolute $ Opportunity (US$ Mn), 2016–2026
Figure 64: Japan Market Attractiveness Index, By Application, 2016–2026
Figure 65: APEJ Market Attractiveness Index, By Vertical, 2016–2026
Figure 66: MEA Market Value Share (%) & BPS Analysis, By Country, 2015 & 2026
Figure 67: MEA Market Y-o-Y Growth Comparison, By Country, 2016–2026
Figure 68: MEA Market Value (US$ Mn) & Y-o-Y Growth Forecast, 2016–2026
Figure 69: MEA Market Absolute $ Opportunity (US$ Mn), 2016–2026
Figure 70: MEA Market Attractiveness Index, By Application, 2016–2026
Figure 71: MEA Market Attractiveness Index, By Vertical, 2016–2026
Demand for neuromorphic chip is likely to grow at a CAGR of 20% through 2032.
Sales of neuromorphic chip is likely to exceed a valuation of USD 32277 million by 2032.
Adoption of neuromorphic chip is likely to reach a valuation of USD 5213 million in 2022.
North America is the key neuromorphic chip market contributor.
Explore Semiconductors Insights
Neuromorphic Chip Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
