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.

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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.

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

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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)

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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.

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