Global Neuromorphic Chip Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Robotics, Smart Devices, Machine Learning, and Computer Vision.

By Application;

Image Recognition, Signal Recognition, Data Mining, and Others.

By Vertical;

Aerospace & Defence, Automotive, Consumer Electronics, Healthcare , Industrial and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn750402778 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Neuromorphic Chip Market (USD Million), 2021 - 2031

In the year 2024, the Global Neuromorphic Chip Market was valued at USD 116.21 million. The size of this market is expected to increase to USD 1,773.58 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 47.6%.

The global neuromorphic chip market is experiencing rapid growth, driven by advancements in artificial intelligence and machine learning technologies. Neuromorphic chips are designed to mimic the functioning of biological neural networks, offering significant advantages in terms of efficiency and performance over traditional processors. These chips are particularly suited for tasks requiring low power consumption and high computational power, making them ideal for applications in sectors such as robotics, healthcare diagnostics, and autonomous vehicles.

One of the key drivers of market growth is the increasing demand for AI-enabled devices that can perform complex computations in real time. Neuromorphic chips excel in handling parallel processing tasks, which is essential for AI applications like natural language processing and computer vision. As companies across various industries seek to integrate AI into their products and services, the demand for neuromorphic chips is expected to surge.

Moreover, advancements in semiconductor manufacturing techniques have facilitated the development of more efficient and powerful neuromorphic chips. These chips are capable of learning from data and adapting their behavior, making them suitable for edge computing applications where real-time processing and decision-making are critical. The ability to process large amounts of data locally, without relying on cloud-based services, further enhances their appeal in industries that prioritize data security and latency.

Government initiatives and investments in AI research and development are playing a crucial role in the expansion of the neuromorphic chip market. Countries like the United States, China, and European nations are actively funding projects aimed at advancing AI technologies, including the development of neuromorphic computing. These investments are expected to accelerate innovation in chip design and foster collaborations between academic institutions, research organizations, and industry players.

The global neuromorphic chip market is poised for substantial growth as AI applications continue to proliferate across various industries. With their ability to deliver high performance at low power consumption levels, neuromorphic chips are set to play a pivotal role in the next generation of computing technologies, driving innovation and efficiency in AI-driven solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Vertical
    4. Market Snapshot, By Region
  4. Global Neuromorphic Chip Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. AI and machine learning adoption
        2. Demand for energy-efficient solutions
        3. Growth in IoT applications
        4. Advancements in neuromorphic computing
        5. Increasing complexity of algorithms
      2. Restraints
        1. High development costs
        2. Limited commercialization
        3. Integration challenges
        4. Performance scalability concerns
        5. Regulatory uncertainties
      3. Opportunities
        1. Research and development investments
        2. Expansion in healthcare applications
        3. Potential in autonomous systems
        4. Emergence of neuromorphic cloud computing
        5. Industrial automation advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Neuromorphic Chip Market, By Type, 2023 - 2033 (USD Million)
      1. Robotics
      2. Smart Devices
      3. Machine Learning
      4. Computer Vision.
    2. Global Neuromorphic Chip Market, By Application, 2023 - 2033 (USD Million)
      1. Image Recognition
      2. Signal Recognition
      3. Data Mining
      4. Others
    3. Global Neuromorphic Chip Market, By Vertical, 2023 - 2033 (USD Million)
      1. Aerospace & Defence
      2. Automotive
      3. Consumer Electronics
      4. Healthcare
      5. Industrial
      6. Others
    4. Global Neuromorphic Chip Market, By Geography, 2023 - 2033 (USD Million)
      1. North America
        1. Canada
        2. United States
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. IBM Research, Inc
      2. Intel Corp
      3. General Vision Inc.
      4. Qualcomm Technologies Inc
      5. Hewlett Packard Labs.
      6. HRL Laboratories, LLC.
      7. BrainChip Holdings Ltd.
      8. Knowm Inc
  7. Analyst Views
  8. Future Outlook of the Market