North America region to stretch the periphery of the global neuromorphic chip market

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 – 2026). The value of the global neuromorphic chip market crossed US$ 1,420 Mn in 2015 and is expected to touch an approximate value of US$ 10,810 Mn by the end of 2026. The market is likely to showcase an incremental dollar opportunity of more than US$ 9,170 Mn 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 US$ 400 Mn in 2015 and is expected to surpass the value of US$ 2,700 Mn 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 US$ 2,300 Mn 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 U.S., the government is taking initiatives to promote research and development of advanced technologies, which can replace or enhance existing non-efficient ones.

Moreover, the U.S. 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.

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

North America neuromorphic chip market: Segment wise performance report

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.

Neuromorphic Chip Market

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 US$ 80 Mn and it is expected to be valued close to US$ 530 Mn by the end of 2026, expanding at a CAGR of 18.4 % between 2016 and 2026.

Leading market players are planning to dominate the global and regional markets through new strategic tie-ups and innovations

  • IBM was awarded 7,355 patents in the US in 2015, putting it in the leading position for the 23rd consecutive year
  • Intel Corporation invested US$ 12.1 Bn on R&D in 2015. Such high R&D investments allow the company to develop leading proprietary technologies and attain a strong leadership position.
  • In September 2016, General Vision collaborated with Mando-Hella Electronics Corp. – a tier1 South Korean automotive systems manufacturer, to develop advanced driver assistance and monitoring systems integrated with NeuroMem technology, enabling advanced image recognition and multisensory pattern recognition
  • Hewlett Packard Labs focusses on transferring advanced technologies into innovative products in order to propel the company’s growth, maintain industry leadership and competitive advantage
  • HRL Laboratories focusses on widening its products portfolio reach into new application areas, which helps the company gain a competitive edge
Sudip Saha
Sudip Saha

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Global Neuromorphic Chip Market: Market Segmentation

By Application:

  • Image Recognition
  • Signal Recognition
  • Data Mining
  • Others

By Vertical:

  • Aerospace & Defence
  • Automotive
  • Consumer Electronics
  • Healthcare
  • Industrial
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excl. Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Frequently Asked Questions

What is the Demand Analysis for Neuromorphic Chip?

Demand for neuromorphic chip is likely to grow at a CAGR of 20% through 2032.

How much Sales of Neuromorphic Chip can be Anticipated by 2032?

Sales of neuromorphic chip is likely to exceed a valuation of US$ 32277 million by 2032.

What is the Adoption Potential of Neuromorphic Chip?

Adoption of neuromorphic chip is likely to reach a valuation of US$ 5213 million in 2022.

Which Region is the Key Neuromorphic Chip Market Contributor?

North America is the key neuromorphic chip market contributor.

Table of Content
1. Executive Summary
2. Assumptions & Acronyms Used
3. Research Methodology
4. Global Market Overview
    4.1. Introduction
        4.1.1. Market Definition
        4.1.2. Market Taxonomy
    4.2. Market Dynamics
        4.2.1. Drivers
        4.2.2. Restraints
        4.2.3. Opportunity
    4.3. Value Chain
    4.4. Global Market Forecast, 2016–2026
        4.4.1. Market Size (Value) Forecast
            4.4.1.1. Y-o-Y Growth Projections
            4.4.1.2. Absolute $ Opportunity
    4.5. Global Market Snapshot (2015)
        4.5.1. Market Share By Application
        4.5.2. Market Share By Vertical
        4.5.3. Market Share Region
5. Global Market Analysis, By Application
    5.1. Introduction
        5.1.1. Y-o-Y Growth Comparison, By Application
        5.1.2. Basis Point Share (BPS) Analysis, By Application
    5.2. Global Market Forecast By Application
        5.2.1. Image Recognition
            5.2.1.1. Absolute $ Opportunity
            5.2.1.2. Market Size Forecast, By Region
        5.2.2. Signal Recognition
            5.2.2.1. Absolute $ Opportunity
            5.2.2.2. Market Size Forecast, By Region
        5.2.3. Data Mining
            5.2.3.1. Absolute $ Opportunity
            5.2.3.2. Market Size Forecast, By Region
        5.2.4. Others
            5.2.4.1. Absolute $ Opportunity
            5.2.4.2. Market Size Forecast, By Region
6. Global Market Analysis, By Vertical
    6.1. Introduction
        6.1.1. Y-o-Y Growth Comparison, By Vertical
        6.1.2. Basis Point Share (BPS) Analysis, By Vertical
    6.2. Global Market Forecast By Vertical
        6.2.1. Aerospace & Defence
            6.2.1.1. Absolute $ Opportunity
            6.2.1.2. Market Size Forecast, By Region
        6.2.2. Automotive
            6.2.2.1. Absolute $ Opportunity
            6.2.2.2. Market Size Forecast, By Region
        6.2.3. Consumer Electronics
            6.2.3.1. Absolute $ Opportunity
            6.2.3.2. Market Size Forecast, By Region
        6.2.4. Healthcare
            6.2.4.1. Absolute $ Opportunity
            6.2.4.2. Market Size Forecast, By Region
        6.2.5. Industrial
            6.2.5.1. Absolute $ Opportunity
            6.2.5.2. Market Size Forecast, By Region
        6.2.6. Others
            6.2.6.1. Absolute $ Opportunity
            6.2.6.2. Market Size Forecast, By Region
    6.3. Global Market Attractiveness Analysis, By Vertical
    6.4. Prominent Trends
7. Global Market Analysis, By Region
    7.1. Introduction
        7.1.1. Y-o-Y Growth Projections, By Region
        7.1.2. Basis Point Share (BPS) Analysis, By Region
    7.2. Global Market Forecast By Region
        7.2.1. North America Market Size Forecast
        7.2.2. Latin America Market Size Forecast
        7.2.3. Asia Pacific Excl. Japan Market Size Forecast
        7.2.4. Japan Market Size Forecast
        7.2.5. Western Europe Market Size Forecast
        7.2.6. Eastern Europe Market Size Forecast
        7.2.7. Middle East & Africa Market Size Forecast
    7.3. Regional Attractiveness Analysis
    7.4. Drivers & Restraints: Impact Analysis
8. North America Market Analysis & Forecast
    8.1. Introduction
        8.1.1. Y-o-Y Growth Projections, By Country
        8.1.2. Basis Point Share (BPS) Analysis, By Country
    8.2. North America Market Forecast
        8.2.1. North America Market Size Forecast, By Country
            8.2.1.1. U.S. Absolute $ Opportunity
            8.2.1.2. Canada Absolute $ Opportunity
        8.2.2. North America Market Size Forecast, By Application
            8.2.2.1. Image Recognition
            8.2.2.2. Signal Recognition
            8.2.2.3. Data Mining
            8.2.2.4. Others
        8.2.3. North America Market Size Forecast, By Vertical
            8.2.3.1. Aerospace & Defence
            8.2.3.2. Automotive
            8.2.3.3. Consumer Electronics
            8.2.3.4. Healthcare
            8.2.3.5. Industrial
            8.2.3.6. Others
        8.2.4. North America Market Attractiveness Analysis
            8.2.4.1. By Country
            8.2.4.2. By Application
            8.2.4.3. By Vertical
        8.2.5. Key Trends
9. Latin America Market Analysis
    9.1. Introduction
        9.1.1. Y-o-Y Growth Projections, By Country
        9.1.2. Basis Point Share (BPS) Analysis, By Country
    9.2. Latin America Market Forecast
        9.2.1. Latin America Market Size Forecast, By Country
            9.2.1.1. Mexico Absolute $ Opportunity
            9.2.1.2. Brazil Absolute $ Opportunity
            9.2.1.3. Rest of LATAM Absolute $ Opportunity
        9.2.2. Latin America Market Size Forecast, By Application
            9.2.2.1. Image Recognition
            9.2.2.2. Signal Recognition
            9.2.2.3. Data Mining
            9.2.2.4. Others
        9.2.3. Latin America Market Size Forecast, By Vertical
            9.2.3.1. Aerospace & Defence
            9.2.3.2. Automotive
            9.2.3.3. Consumer Electronics
            9.2.3.4. Healthcare
            9.2.3.5. Industrial
            9.2.3.6. Others
        9.2.4. Latin America Market Attractiveness Analysis
            9.2.4.1. By Country
            9.2.4.2. By Application
            9.2.4.3. By Vertical
        9.2.5. Key Trends
10. Western Europe Neuromorphic Market Analysis & Forecast
    10.1. Introduction
        10.1.1. Y-o-Y Growth Projections, By Country
        10.1.2. Basis Point Share (BPS) Analysis, By Country
    10.2. Western Europe Market Forecast
        10.2.1. Western Europe Market Size Forecast, By Country
            10.2.1.1. Germany Absolute $ Opportunity
            10.2.1.2. France Absolute $ Opportunity
            10.2.1.3. U.K. Absolute $ Opportunity
            10.2.1.4. Switzerland Absolute $ Opportunity
            10.2.1.5. Nordic Absolute $ Opportunity
            10.2.1.6. Rest of Western Europe Absolute $ Opportunity
        10.2.2. Western Europe Market Size Forecast, By Application
            10.2.2.1. Image Recognition
            10.2.2.2. Signal Recognition
            10.2.2.3. Data Mining
            10.2.2.4. Others
        10.2.3. Western Europe Market Size Forecast, By Vertical
            10.2.3.1. Aerospace & Defence
            10.2.3.2. Automotive
            10.2.3.3. Consumer Electronics
            10.2.3.4. Healthcare
            10.2.3.5. Industrial
            10.2.3.6. Others
        10.2.4. Western Europe Market Attractiveness Analysis
            10.2.4.1. By Country
            10.2.4.2. By Application
            10.2.4.3. By Vertical
        10.2.5. Key Trends
11. Eastern Europe Neuromorphic Market Analysis & Forecast
    11.1. Introduction
        11.1.1. Y-o-Y Growth Projections, By Country
        11.1.2. Basis Point Share (BPS) Analysis, By Country
    11.2. Eastern Europe Market Forecast
        11.2.1. Eastern Europe Market Size Forecast, By Country
            11.2.1.1. Russia Absolute $ Opportunity
            11.2.1.2. Poland Absolute $ Opportunity
            11.2.1.3. Rest of Eastern Europe Absolute $ Opportunity
        11.2.2. Eastern Europe Market Size Forecast, By Application
            11.2.2.1. Image Recognition
            11.2.2.2. Signal Recognition
            11.2.2.3. Data Mining
            11.2.2.4. Others
        11.2.3. Eastern Europe Market Size Forecast, By Vertical
            11.2.3.1. Aerospace & Defence
            11.2.3.2. Automotive
            11.2.3.3. Consumer Electronics
            11.2.3.4. Healthcare
            11.2.3.5. Industrial
            11.2.3.6. Others
        11.2.4. Eastern Europe Market Attractiveness Analysis
            11.2.4.1. By Country
            11.2.4.2. By Application
            11.2.4.3. By Vertical
        11.2.5. Key Trends
12. APEJ Market Neuromorphic Market Analysis & Forecast
    12.1. Introduction
        12.1.1. Y-o-Y Growth Projections, By Country
        12.1.2. Basis Point Share (BPS) Analysis, By Country
    12.2. APEJ Market Forecast
        12.2.1. APEJ Market Size Forecast, By Country
            12.2.1.1. China Absolute $ Opportunity
            12.2.1.2. India Absolute $ Opportunity
            12.2.1.3. South Korea Absolute $ Opportunity
            12.2.1.4. ASEAN Absolute $ Opportunity
            12.2.1.5. ANZ Absolute $ Opportunity
            12.2.1.6. Rest of APEJ Absolute $ Opportunity
        12.2.2. APEJ Market Size Forecast, By Application
            12.2.2.1. Image Recognition
            12.2.2.2. Signal Recognition
            12.2.2.3. Data Mining
            12.2.2.4. Others
        12.2.3. APEJ Market Size Forecast, By Vertical
            12.2.3.1. Aerospace & Defence
            12.2.3.2. Automotive
            12.2.3.3. Consumer Electronics
            12.2.3.4. Healthcare
            12.2.3.5. Industrial
            12.2.3.6. Others
        12.2.4. APEJ Market Attractiveness Analysis
            12.2.4.1. By Country
            12.2.4.2. By Application
            12.2.4.3. By Vertical
        12.2.5. Key Trends
13. Japan Neuromorphic Market Analysis & Forecast
    13.1. Introduction
        13.1.1. Y-o-Y Growth Projections
    13.2. Japan Market Forecast
        13.2.1. Japan Market Size Forecast, By Application
            13.2.1.1. Image Recognition
            13.2.1.2. Signal Recognition
            13.2.1.3. Data Mining
            13.2.1.4. Others
        13.2.2. Japan Market Size Forecast, By Vertical
            13.2.2.1. Aerospace & Defence
            13.2.2.2. Automotive
            13.2.2.3. Consumer Electronics
            13.2.2.4. Healthcare
            13.2.2.5. Industrial
            13.2.2.6. Others
        13.2.3. Japan Market Attractiveness Analysis
            13.2.3.1. By Application
            13.2.3.2. By Vertical
        13.2.4. Key Trends
14. Middle East & Africa Neuromorphic Market Analysis & Forecast
    14.1. Introduction
        14.1.1. Y-o-Y Growth Projections, By Country
        14.1.2. Basis Point Share (BPS) Analysis, By Country
    14.2. Middle East & Africa Market Forecast
        14.2.1. MEA Market Size Forecast, By Country
            14.2.1.1. GCC Absolute $ Opportunity
            14.2.1.2. N. Africa Absolute $ Opportunity
            14.2.1.3. S. Africa Absolute $ Opportunity
            14.2.1.4. Rest of MEA Absolute $ Opportunity
        14.2.2. MEA Market Size Forecast, By Application
            14.2.2.1. Image Recognition
            14.2.2.2. Signal Recognition
            14.2.2.3. Data Mining
            14.2.2.4. Others
        14.2.3. MEA Market Size Forecast, By Vertical
            14.2.3.1. Aerospace & Defence
            14.2.3.2. Automotive
            14.2.3.3. Consumer Electronics
            14.2.3.4. Healthcare
            14.2.3.5. Industrial
            14.2.3.6. Others
        14.2.4. MEA Market Attractiveness Analysis
            14.2.4.1. By Country
            14.2.4.2. By Application
            14.2.4.3. By Vertical
        14.2.5. Key Trends
15. Competition Landscape
    15.1. Company Profiles
        15.1.1. IBM Research, Inc.
        15.1.2. Intel Corp.
        15.1.3. General Vision Inc.
        15.1.4. Qualcomm Technologies Inc.
        15.1.5. Hewlett Packard Labs.
        15.1.6. HRL Laboratories, LLC.
        15.1.7. BrainChip Holdings Ltd.
        15.1.8. Knowm Inc.

Explore Technology Insights

View Reports
Future Market Insights

Neuromorphic Chip Market

Schedule a Call