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How are market drivers shaping the future growth trajectory of the neuromorphic chips industry?
The growing demand for robotics and automation is expected to propel the growth of the neuromorphic chips market going forward. Robotics and automation refer to the use of computers, control systems, and information technology to handle industrial processes and machinery. Robotics and automation use neuromorphic chips to utilize brain-inspired computing concepts to increase the capabilities of automated systems and robots. For instance, in September 2024, according to International Federation of Robotics, a Germany-based non-profit organization, in 2023, industrial robot installations in Europe grew by 9%, reaching a new peak of 92,393 units. Of these, 80% were installed in the European Union, totaling 73,534 units—a 2% increase from the previous year. Therefore, the growing demand for robotics and automation is driving the growth of the neuromorphic chips market.
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What is the estimated market size of the neuromorphic chips sector by 2029, based on current forecasts?
The neuromorphic chips market size has grown rapidly in recent years. It will grow from $0.68 billion in 2024 to $0.78 billion in 2025 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to better-performing integrated circuits, adoption of speech recognition or biometric recognition, advancements in al and machine learning, and efficient power consumption.
The neuromorphic chips market size is expected to see rapid growth in the next few years. It will grow to $1.24 billion in 2029 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to growing demand for neuromorphic computing in defense and aerospace, increasing investment in research and development by companies, increasing adoption of IoT and M2M communication, rising demand for edge computing, and neuromorphic hardware in robotics. Major trends in the forecast period include new technological advancement, advancements in al and machine learning, increasing investments, and mergers and acquisition.
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Who are the top players in the neuromorphic chips market?
Major companies operating in the neuromorphic chips market report are Samsung Electronics Limited, Lockheed Martin Corporation, Intel Corp., International Business Machine Corporation, IBM Corporation, SK Hynix Inc., Qualcomm, Hewlett Packard Enterprise, Cadence Design Systems Inc., Nepes Corp., Nepes Corporation, CEA Leti, HRL Laboratories LLC, Altium LLC, SynSense AG, Innatera, Brain Corporation, Vicarious FPC Inc., GrAI Matter Labs, Gyrfalcon Technology Inc, Ceryx Medical, Brain chip Holdings Ltd., Numenta, Inc., Koniku, Applied Brain Research, Inc., General Vision Inc., Knowm Inc.
What are the major trends in the neuromorphic chips market?
Major companies operating in the neuromorphic chips market are focused on developing innovative solutions, such as neuromorphic development kits, for smart wearables and industrial monitoring devices. A neuromorphic development kit is a tool designed for building and testing AI systems that mimic the brain’s neural processing, enabling efficient, low-power sensory data processing in applications like robotics and IoT. For instance, in September 2023, SynSense AG, a Switzerland-based company that specializes in neuromorphic intelligence and application solutions, launched the Xylo IMU HDK, a neuromorphic development kit. The Xylo IMU HDK is a neuromorphic development kit featuring a specialized chip designed for ultra-low-power motion processing applications, enabling human movement analysis, industrial monitoring, and human-computer interaction. It includes a 3-axis accelerometer, configurable SNN processing, and a flexible power-efficient design suitable for various wearables and monitoring devices.
Which geography holds the highest neuromorphic chips market share?
North America was the largest region in the neuromorphic chips market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuromorphic chips market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the neuromorphic chips market?
The neuromorphic chips market covered in this report is segmented –
1) By Components: Software, Hardware
2) By Function: Signal Processing, Data Processing, Image Recognition, Process optimization
3) By End Use Industry: Aerospace And Defense, Automotive, Healthcare, Industrial, Consumer Electronics, Other End User Industries
Subsegments:
1) By Software: Neuromorphic Programming Environments, Simulation And Modeling Tools, Machine Learning Algorithms For Neuromorphic Systems, Data Processing And Analytics Software, Development And Debugging Tools
2) By Hardware: Neuromorphic Processors, Neuromorphic Sensors, Specialized Integrated Circuits (Ics), Field-Programmable Gate Arrays (Fpgas) For Neuromorphic Applications, Neuromorphic Chip Systems And Platforms
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What defines the structure and scope of the neuromorphic chips market?
Neuromorphic chips are computer hardware designed to mimic the structure and function of the human brain. They use artificial neurons and synapses to process information, allowing them to solve problems, recognize patterns, and make decisions more quickly and efficiently than traditional computers. These chips are characterized by collocated processing and memory and massively parallel processing, enabling them to perform multiple functions simultaneously.
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