Neuromorphic Chip Market By Application (Single Processing, Image Recognition, Data Processing, and Others), By End- User (Aerospace & Defense, Healthcare, and Others), and By Region - Trends, Analysis and Forecast till 2030

Report Code: PMI397920 | Publish Date: May 2024 | No. of Pages: 167

Global Neuromorphic Chip Market By Overview

A neuromorphic chip is an analogue data processor inspired by the biological brain. Neuromorphic chip is the design of an artificial synapse that can precisely control the strength of an electric current flowing across it, similar to the way ions flow between neurons in the brain.

Global Neuromorphic Chip Market By Drivers & Restraints

The increasing demand for artificial intelligence-based on microchips by using a neuromorphic chip which is the major propelling factor for the growth of the global market. For instance, Intel released the new neuromorphic prototype that simulates a total of 130,000 neurons and 130 million synapses, all capable of communicating with each other. Additionally, it also provides security and uses in the investigation of the crime which is another fueling factor for the growth of the global market. However, the need for a high level of precision and complexity in hardware design which is the main restraining factor for the growth of the target market. Moreover, to improve neuromorphic chip there is need for significant initial investment which is another hampering factor for the growth of the global market.

Global Neuromorphic Chip Market By Segmentations & Regional Insights

Neuromorphic chip market is segmented based on application, end-user, and region.

Based on application, the global market is classified into single processing, image recognition, data processing, and others. Others are the dominating segment it includes automotive, consumer electronics due to increase use of automotive and electronics. Based on end-user, the target market is bifurcated into aerospace & defence, healthcare, and others.

Based on the region the neuromorphic chip market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia- Pacific is the dominating region in the target market due to increasing security concern and increasing adoption of the aerospace technology. Europe region is expected to dominate the global market over the forecast period due to increasing healthcare concern and for the defence purpose.

Neuromorphic Chip Market, By Application:

  • Single Processing
  • Image Recognition
  • Data Processing
  • Others

Neuromorphic Chip Market, By End- User:

  • Aerospace & Defense
  • Healthcare
  • Others

Neuromorphic Chip Market, By Region:

  • North America
    • North America Neuromorphic Chip Market, By Application
    • North America Neuromorphic Chip Market, By End- User
    • North America Neuromorphic Chip Market, By Country
      • U.S.
      • Canada
    • Europe
      • Europe Neuromorphic Chip Market, By Application
      • Europe Neuromorphic Chip Market, By End- User
      • Europe Neuromorphic Chip Market, By Country
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Asia Pacific Neuromorphic Chip Market, By Application
      • Asia Pacific Neuromorphic Chip Market, By End- User
      • Asia Pacific Neuromorphic Chip Market, By Country
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Latin America Neuromorphic Chip Market, By Application
      • Latin America Neuromorphic Chip Market, By End- User
      • Latin America Neuromorphic Chip Market, By Country
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Middle East & Africa Neuromorphic Chip Market, By Application
      • Middle East & Africa Neuromorphic Chip Market, By End- User
      • Middle East & Africa Neuromorphic Chip Market, By Country
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

Global Neuromorphic Chip Market By Competitive Landscape & Key Players

The key players operating the neuromorphic chip market involves Hewlett Packard Enterprise Co., Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., IBM Corporation, Brain Corporation, and General Vision Inc. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, in 2017, the labs of Hewlett Packard have been in collaboration with the government (US Office of Science and Technology) and the industry becomes partners which are interested in neuromorphic chip computing to develop the technology.

Global Neuromorphic Chip Market By Company Profile

FAQs

Neuromorphic chip market accounted for US $1.952Bn in 2020 and is projected to register a moderate CAGR of 24.60%

The market report has been segmented based on application, end-user, and region.

The Neuromorphic Chip Market is driven by factors such as the increasing demand for artificial intelligence (AI) applications, advancements in neuromorphic computing technologies, and the need for energy-efficient and high-performance computing solutions.

the complexity of neuromorphic chip design, challenges in achieving mass production at cost-effective prices, and the need for standardization in neuromorphic computing architectures.

The report covers regions globally, with a focus on areas experiencing significant developments in AI and semiconductor industries. It's essential to refer to the latest reports for updated information on the dominant region in the Neuromorphic Chip Market.

The prominent player operating in the neuromorphic chip market includes Hewlett Packard Enterprise Co., Samsung Electronics Co. Ltd., Intel Corporation, Qualcomm Technologies Inc., IBM Corporation, Brain Corporation, and General Vision Inc.