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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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.
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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 US$ 32277 million by 2032.
Adoption of neuromorphic chip is likely to reach a valuation of US$ 5213 million in 2022.
North America is the key neuromorphic chip market contributor.
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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Neuromorphic Chip Market
