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Press Release:

Global Neuromorphic Chip Market to Reach US$ 7.82 Billion by 2027, Propelled by Expanding Information Technology (IT) Industry

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Neuromorphic Chip Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global neuromorphic chip market reached a value of US$ 2.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.82 Billion by 2027, exhibiting at a CAGR of 20.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A neuromorphic chip is an application-specific integrated circuit (ASIC) microchip that is mainly designed to mimic the functions of the nervous system and human brain. It involves the utilization of software solutions and very-large-scale-integrated (VLSI) systems to imitate the human way of thinking and recognizing. Additionally, it is equipped with artificial synapses and neurons, which are manufactured using silicon that facilitates the system to process like a human brain. As a result, it finds extensive applications in robotics and neuroscience research. 

 

 
 

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Neuromorphic Chip Market Trends:

The global market is primarily driven by significant growth in the information technology (IT) industry. Along with this, continual technological advancements in the sector are creating a positive outlook for the market. For instance, the integration of artificial intelligence (AI), the Internet of Things (IoT) and advanced analytics with these microchips have positively contributed to the market growth across the globe. Moreover, the widespread adoption of neuromorphic chip-based computing systems to produce coronavirus disease (COVID-19) antibodies in a quick and accurate manner has contributed to the market growth on the global level.  Furthermore, the increasing utilization of artificial intelligence (AI)-powered neuromorphic chips in the production of premium cars to build level 5 vehicle models is also positively influencing the market growth. The global market is further driven by the miniaturization of neuromorphic chips and the rising need for data governance. Some of the other factors contributing to the market growth include rapid digitization across multiple sectors and extensive research and development (R&D) activities conducted by key players to introduce improved product variants with enhanced features.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global neuromorphic chip market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on offering, application and end use industry.

Breakup by Offering:

 

 
 

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  • Hardware
  • Software
     

Breakup by Application:

  • Image Recognition
  • Signal Recognition
  • Data Mining
     

Breakup by End Use Industry:

  • Aerospace and Defense
  • IT and Telecom
  • Automotive
  • Medical
  • Industrial
  • Consumer Electronics
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Applied Brain Research Inc., BrainChip Holdings Ltd., General Vision Inc., GrAI Matter Labs, Hewlett Packard Enterprise Development LP, HRL Laboratories LLC, Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Samsung Electronics Co. Ltd. and SK hynix Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Offering, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Applied Brain Research Inc., BrainChip Holdings Ltd., General Vision Inc., GrAI Matter Labs, Hewlett Packard Enterprise Development LP, HRL Laboratories LLC, Intel Corporation, International Business Machines Corporation, Qualcomm Technologies Inc., Samsung Electronics Co. Ltd. and SK hynix Inc.
Customization Scope 10% Free Customization
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Neuromorphic Chip Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Offering
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Application
    7.1    Image Recognition
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Signal Recognition
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Data Mining
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Aerospace and Defense
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    IT and Telecom
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Automotive
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Medical
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Industrial
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Consumer Electronics
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Applied Brain Research Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    BrainChip Holdings Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    General Vision Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    GrAI Matter Labs
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Hewlett Packard Enterprise Development LP
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    HRL Laboratories LLC
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Intel Corporation
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
           14.3.7.3 Financials
           14.3.7.4 SWOT Analysis
        14.3.8    International Business Machines Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Qualcomm Technologies Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
           14.3.9.4 SWOT Analysis
        14.3.10    Samsung Electronics Co. Ltd.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    SK hynix Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Neuromorphic Chip Market: Major Drivers and Challenges
Figure 2: Global: Neuromorphic Chip Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Neuromorphic Chip Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Neuromorphic Chip Market: Breakup by Offering (in %), 2021
Figure 5: Global: Neuromorphic Chip Market: Breakup by Application (in %), 2021
Figure 6: Global: Neuromorphic Chip Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Neuromorphic Chip Market: Breakup by Region (in %), 2021
Figure 8: Global: Neuromorphic Chip (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Neuromorphic Chip (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Neuromorphic Chip (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Neuromorphic Chip (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Neuromorphic Chip (Image Recognition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Neuromorphic Chip (Image Recognition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Neuromorphic Chip (Signal Recognition) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Neuromorphic Chip (Signal Recognition) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Neuromorphic Chip (Data Mining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Neuromorphic Chip (Data Mining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Neuromorphic Chip (Aerospace and Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Neuromorphic Chip (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Neuromorphic Chip (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Neuromorphic Chip (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Neuromorphic Chip (Automotive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Neuromorphic Chip (Automotive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Neuromorphic Chip (Medical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Neuromorphic Chip (Medical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Neuromorphic Chip (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Neuromorphic Chip (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Neuromorphic Chip (Consumer Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Neuromorphic Chip (Consumer Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Neuromorphic Chip (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Neuromorphic Chip (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Neuromorphic Chip Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Neuromorphic Chip Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Neuromorphic Chip Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Neuromorphic Chip Industry: SWOT Analysis
Figure 82: Global: Neuromorphic Chip Industry: Value Chain Analysis
Figure 83: Global: Neuromorphic Chip Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Neuromorphic Chip Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Neuromorphic Chip Market Forecast: Breakup by Offering (in Million US$), 2022-2027
Table 3: Global: Neuromorphic Chip Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Neuromorphic Chip Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Neuromorphic Chip Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Neuromorphic Chip Market: Competitive Structure
Table 7: Global: Neuromorphic Chip Market: Key Players

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Key Questions Answered in This Report

The global neuromorphic chip market was valued at US$ 2.1 Billion in 2021.

We expect the global neuromorphic chip market to exhibit a CAGR of 20.7% during 2022-2027.

The extensive application of neuromorphic chips in robotics and neuroscience research activities, to
mimic the functions of the nervous system and human brain, is primarily driving the global
neuromorphic chip market.

The sudden outbreak of the COVID-19 pandemic has led to the widespread adoption of neuromorphic
chip-based computing systems to produce antibodies in quick and accurate manner against the
coronavirus infection.

Based on the offering, the global neuromorphic chip market has been segmented into hardware and
software. Currently, hardware holds the majority of the total market share.

Based on the end use industry, the global neuromorphic chip market can be categorized into aerospace
and defense, IT and telecom, automotive, medical, industrial, consumer electronics, and others. Among
these, the consumer electronics industry currently exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global neuromorphic chip market include Applied Brain Research Inc.,
BrainChip Holdings Ltd., General Vision Inc., GrAI Matter Labs, Hewlett Packard Enterprise Development
LP, HRL Laboratories LLC, Intel Corporation, International Business Machines Corporation, Qualcomm
Technologies Inc., Samsung Electronics Co. Ltd., and SK hynix Inc.

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