Global Neuromorphic Chip Market Size Study & Forecast, By Application By Vertical and Regional Analysis, 2023-2030

Description

List of Tables

Global Neuromorphic Chip Market is valued at approximately USD 26.78 million in 2022 and is anticipated to grow with a healthy growth rate of more than 67.3% over the forecast period 2023-2030. Neuromorphic chips are a type of microprocessor designed to mimic the structure and function of the human brain's neural networks. These chips are built with architectures that utilize massively parallel processing elements and specialized circuitry to perform tasks such as pattern recognition, sensory processing, and learning, similar to how neurons operate in the brain. The Neuromorphic Chip market is expanding because of factors such as the rising integration of artificial intelligence in the healthcare industry and the growing prevalence of brain nervous system cancer. Neuromorphic chips aim to achieve high efficiency and low power consumption, making them potentially suitable for applications like artificial intelligence, robotics, and sensor systems where real-time processing and low energy consumption are critical. As a result, the demand for Neuromorphic Chip has progressively increased in the global market during the forecast period 2023-2030.

Neuromorphic chips are inherently flexible and can be customized for specific healthcare applications. They can adapt and learn from new data, enabling continuous improvement and optimization of AI algorithms over time. This adaptability is particularly valuable in the dynamic and evolving field of healthcare, where new medical insights and technologies emerge regularly. According to Statista, in 2021, global artificial intelligence in the healthcare industry was estimated to be valued at approximately USD 11 billion. It was projected that the worldwide healthcare AI business would be worth almost USD 188 billion by 2030. Another important factor that drives the Neuromorphic Chip market is the increasing prevalence of brain nervous system cancer. Neuromorphic chips can also be utilized in the development of personalized treatment plans for cancer patients. By analyzing vast amounts of patient data, including genetic information, imaging results, and treatment responses, these chips can help oncologists tailor treatments to individual patients, leading to more effective outcomes and reduced side effects. In addition, according to the Global Cancer Observatory, the number of brain, and nervous system cancer cases across the world accounted for 308 thousand in 2020 and is projected to reach up to 372 thousand by the year 2030. Moreover, technological advancements associated with neuromorphic devices and the emerging trend of combining the concept of neuroplasticity with electronics are anticipated to create a lucrative growth opportunity for the market over the forecast period. However, challenges associated with complex algorithms and the high cost of neuromorphic technology are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Neuromorphic Chip Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increasing adoption of automation and robotics technology in the region. Automation and robotics systems require efficient processing of sensory data, real-time decision-making, and adaptation to changing environments. Neuromorphic chips, inspired by the human brain's architecture, offer parallel processing and low-power consumption, making them well-suited for these tasks. The region's dominant performance is anticipated to propel the overall demand for Neuromorphic Chip. Furthermore, Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as increasing demand for artificial intelligence systems in the region. Neuromorphic chips, inspired by the brain's energy-efficient design, consume significantly less power compared to conventional CPUs and GPUs. This characteristic is particularly valuable in AI applications deployed in resource-constrained environments or battery-powered devices, further driving their adoption in the AI market.

Major market players included in this report are:

Intel Corporation
SK Hynix Inc.
International Business Machine Corporation
Samsung Electronics Co. Ltd.
GrAI Matter Labs
Nepes Corporation
General Vision Inc.
Gyrfalcon Technology Inc.
BrainChip Holdings Ltd.
Vicarious FPC Inc.

Recent Developments in the Market:

In November 2022, SynSense, the premier commercial manufacturer of ultra-low-power neuromorphic hardware and application solutions, launched the Speck Demo Kit. This development module allows users to deploy and evaluate their event-based neuromorphic vision apps rapidly and easily. The kit includes SynSense's Speck dynamic vision module, an ultra-low-power Bluetooth controller chip, and peripherals. The Demo Kit is a reduced embedded hardware platform that allows users to test and verify neuromorphic application models while also creating prototypes.

Global Neuromorphic Chip Market Report Scope:

Historical Data - 2020 - 2021
Base Year for Estimation - 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Application, Vertical, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope - Free report customization (equivalent to up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters to detailed information about the crucial aspects such as driving factors & challenges that will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Application

Image Recognition
Single Recognition
Data Mining
Other

By Vertical

Aerospace & Defense
Automotive
Consumer Electronics
Healthcare
Industrial
Other

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1.Executive Summary

1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
- 1.2.1.Neuromorphic Chip Market, by Region, 2020-2030 (USD Million)
- 1.2.2.Neuromorphic Chip Market, by Application, 2020-2030 (USD Million)
- 1.2.3.Neuromorphic Chip Market, by Vertical, 2020-2030 (USD Million)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption

Chapter 2.Global Neuromorphic Chip Market Definition and Scope

2.1.Objective of the Study
2.2.Market Definition & Scope
- 2.2.1.Industry Evolution
- 2.2.2.Scope of the Study
2.3.Years Considered for the Study
2.4.Currency Conversion Rates

Chapter 3.Global Neuromorphic Chip Market Dynamics

3.1.Neuromorphic Chip Market Impact Analysis (2020-2030)
- 3.1.1.Market Drivers
  - 3.1.1.1.Rising Integration of Artificial Intelligence in Healthcare Industry
  - 3.1.1.2.Growing Prevalence of Brain and Nervous System Cancer
- 3.1.2.Market Challenges
  - 3.1.2.1.Challenges Associated with Complex Algorithms
  - 3.1.2.2.High Cost of Neuromorphic Technology
- 3.1.3.Market Opportunities
  - 3.1.3.1.Technological Advancements Associated with Neuromorphic Devices
  - 3.1.3.2.Integrating Concept of Neuroplasticity with Electronics

Chapter 4.Global Neuromorphic Chip Market Industry Analysis

4.1.Porter's 5 Force Model
- 4.1.1.Bargaining Power of Suppliers
- 4.1.2.Bargaining Power of Buyers
- 4.1.3.Threat of New Entrants
- 4.1.4.Threat of Substitutes
- 4.1.5.Competitive Rivalry
4.2.Porter's 5 Force Impact Analysis
4.3.PEST Analysis
- 4.3.1.Political
- 4.3.2.Economical
- 4.3.3.Social
- 4.3.4.Technological
- 4.3.5.Environmental
- 4.3.6.Legal
4.4.Top investment opportunity
4.5.Top winning strategies
4.6.COVID-19 Impact Analysis
4.7.Disruptive Trends
4.8.Industry Expert Perspective
4.9.Analyst Recommendation & Conclusion

Chapter 5.Global Neuromorphic Chip Market, by Application

5.1.Market Snapshot
5.2.Global Neuromorphic Chip Market by Application, Performance - Potential Analysis
5.3.Global Neuromorphic Chip Market Estimates & Forecasts by Application 2020-2030 (USD Million)
5.4.Neuromorphic Chip Market, Sub Segment Analysis
- 5.4.1.Image Recognition
- 5.4.2.Single Recognition
- 5.4.3.Data Mining
- 5.4.4.Other

Chapter 6.Global Neuromorphic Chip Market, by Vertical

6.1.Market Snapshot
6.2.Global Neuromorphic Chip Market by Vertical, Performance - Potential Analysis
6.3.Global Neuromorphic Chip Market Estimates & Forecasts by Vertical 2020-2030 (USD Million)
6.4.Neuromorphic Chip Market, Sub Segment Analysis
- 6.4.1.Aerospace & Defense
- 6.4.2.Automotive
- 6.4.3.Consumer Electronics
- 6.4.4.Healthcare
- 6.4.5.Industrial
- 6.4.6.Other

Chapter 7.Global Neuromorphic Chip Market, Regional Analysis

7.1.Top Leading Countries
7.2.Top Emerging Countries
7.3.Neuromorphic Chip Market, Regional Market Snapshot
7.4.North America Neuromorphic Chip Market
- 7.4.1.U.S. Neuromorphic Chip Market
  - 7.4.1.1.Application breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2.Vertical breakdown estimates & forecasts, 2020-2030
- 7.4.2.Canada Neuromorphic Chip Market
7.5.Europe Neuromorphic Chip Market Snapshot
- 7.5.1.U.K. Neuromorphic Chip Market
- 7.5.2.Germany Neuromorphic Chip Market
- 7.5.3.France Neuromorphic Chip Market
- 7.5.4.Spain Neuromorphic Chip Market
- 7.5.5.Italy Neuromorphic Chip Market
- 7.5.6.Rest of Europe Neuromorphic Chip Market
7.6.Asia-Pacific Neuromorphic Chip Market Snapshot
- 7.6.1.China Neuromorphic Chip Market
- 7.6.2.India Neuromorphic Chip Market
- 7.6.3.Japan Neuromorphic Chip Market
- 7.6.4.Australia Neuromorphic Chip Market
- 7.6.5.South Korea Neuromorphic Chip Market
- 7.6.6.Rest of Asia Pacific Neuromorphic Chip Market
7.7.Latin America Neuromorphic Chip Market Snapshot
- 7.7.1.Brazil Neuromorphic Chip Market
- 7.7.2.Mexico Neuromorphic Chip Market
7.8.Middle East & Africa Neuromorphic Chip Market
- 7.8.1.Saudi Arabia Neuromorphic Chip Market
- 7.8.2.South Africa Neuromorphic Chip Market
- 7.8.3.Rest of Middle East & Africa Neuromorphic Chip Market

Chapter 8.Competitive Intelligence

8.1.Key Company SWOT Analysis
8.2.Top Market Strategies
8.3.Company Profiles
- 8.3.1.Intel Corporation
  - 8.3.1.1.Key Information
  - 8.3.1.2.Overview
  - 8.3.1.3.Financial (Subject to Data Availability)
  - 8.3.1.4.Product Summary
  - 8.3.1.5.Recent Developments
- 8.3.2.SK Hynix Inc
- 8.3.3.International Business Machine Corporation
- 8.3.4.Samsung Electronics Co. Ltd
- 8.3.5.GrAI Matter Labs
- 8.3.6.Nepes Corporation
- 8.3.7.General Vision Inc.
- 8.3.8.Gyrfalcon Technology Inc.
- 8.3.9.BrainChip Holdings Ltd
- 8.3.10.Vicarious FPC Inc

Chapter 9.Research Process

9.1.Research Process
- 9.1.1.Data Mining
- 9.1.2.Analysis
- 9.1.3.Market Estimation
- 9.1.4.Validation
- 9.1.5.Publishing
9.2.Research Attributes
9.3.Research Assumption

LIST OF TABLES

TABLE 1.Global Neuromorphic Chip Market, report scope
TABLE 2.Global Neuromorphic Chip Market estimates & forecasts by Region 2020-2030 (USD Million)
TABLE 3.Global Neuromorphic Chip Market estimates & forecasts by Application 2020-2030 (USD Million)
TABLE 4.Global Neuromorphic Chip Market estimates & forecasts by Vertical 2020-2030 (USD Million)
TABLE 5.Global Neuromorphic Chip Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 6.Global Neuromorphic Chip Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 7.Global Neuromorphic Chip Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 8.Global Neuromorphic Chip Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 9.Global Neuromorphic Chip Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 10.Global Neuromorphic Chip Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 11.Global Neuromorphic Chip Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 12.Global Neuromorphic Chip Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 13.Global Neuromorphic Chip Market by segment, estimates & forecasts, 2020-2030 (USD Million)
TABLE 14.Global Neuromorphic Chip Market by region, estimates & forecasts, 2020-2030 (USD Million)
TABLE 15.U.S. Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 16.U.S. Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 17.U.S. Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 18.Canada Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 19.Canada Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 20.Canada Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 21.UK Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 22.UK Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 23.UK Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 24.Germany Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 25.Germany Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 26.Germany Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 27.France Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 28.France Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 29.France Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 30.Italy Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 31.Italy Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 32.Italy Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 33.Spain Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 34.Spain Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 35.Spain Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 36.RoE Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 37.RoE Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 38.RoE Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 39.China Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 40.China Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 41.China Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 42.India Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 43.India Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 44.India Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 45.Japan Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 46.Japan Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 47.Japan Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 48.South Korea Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 49.South Korea Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 50.South Korea Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 51.Australia Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 52.Australia Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 53.Australia Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 54.RoAPAC Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 55.RoAPAC Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 56.RoAPAC Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 57.Brazil Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 58.Brazil Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 59.Brazil Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 60.Mexico Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 61.Mexico Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 62.Mexico Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 63.RoLA Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 64.RoLA Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 65.RoLA Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 66.Saudi Arabia Neuromorphic Chip Market estimates & forecasts, 2020-2030 (USD Million)
TABLE 67.South Africa Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 68.RoMEA Neuromorphic Chip Market estimates & forecasts by segment 2020-2030 (USD Million)
TABLE 69.List of secondary sources, used in the study of global Neuromorphic Chip Market
TABLE 70.List of primary sources, used in the study of global Neuromorphic Chip Market
TABLE 71.Years considered for the study
TABLE 72.Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1.Global Neuromorphic Chip Market, research methodology
FIG 2.Global Neuromorphic Chip Market, Market estimation techniques
FIG 3.Global Market size estimates & forecast methods
FIG 4.Global Neuromorphic Chip Market, key trends 2022
FIG 5.Global Neuromorphic Chip Market, growth prospects 2023-2030
FIG 6.Global Neuromorphic Chip Market, porters 5 force model
FIG 7.Global Neuromorphic Chip Market, pest analysis
FIG 8.Global Neuromorphic Chip Market, value chain analysis
FIG 9.Global Neuromorphic Chip Market by segment, 2020 & 2030 (USD Million)
FIG 10.Global Neuromorphic Chip Market by segment, 2020 & 2030 (USD Million)
FIG 11.Global Neuromorphic Chip Market by segment, 2020 & 2030 (USD Million)
FIG 12.Global Neuromorphic Chip Market by segment, 2020 & 2030 (USD Million)
FIG 13.Global Neuromorphic Chip Market by segment, 2020 & 2030 (USD Million)
FIG 14.Global Neuromorphic Chip Market, regional snapshot 2020 & 2030
FIG 15.North America Neuromorphic Chip Market 2020 & 2030 (USD Million)
FIG 16.Europe Neuromorphic Chip Market 2020 & 2030 (USD Million)
FIG 17.Asia Pacific Neuromorphic Chip Market 2020 & 2030 (USD Million)
FIG 18.Latin America Neuromorphic Chip Market 2020 & 2030 (USD Million)
FIG 19.Middle East & Africa Neuromorphic Chip Market 2020 & 2030 (USD Million)