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Neuromorphic Chips Market Share Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Neuromorphic Chips Market Share
The neuromorphic chips Market Share is set to experience significant growth, propelled by the rising demand for robotics and automation. Neuromorphic chips, which utilize brain-inspired computing concepts, are employed in robotics and automation for managing industrial processes and machinery through computer systems, control mechanisms, and digital technology. As an example, the International Federation of Robotics, a non-profit organization based in Germany, reported in September 2024 that industrial robot installations in Europe surged by 9% in 2023, reaching a record high of 92,393 units. These included the European Union, where 80% of the installations took place, representing a total of 73,534 units, a 2% rise from the previous year. This growing inclination towards robotics and automation subsequently contributes to the expansion of the neuromorphic chips Market Share.
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How will the growth rate of the neuromorphic chips Market Share shape industry trends by 2034?
There has been a substantial rise in the Market Share size of neuromorphic chips in the past few years. The Market Share is projected to increase from $0.68 billion in 2024 to $0.78 billion in 2025 with a compound annual growth rate (CAGR) of 14.8%. Factors contributing to this growth during the historical period include improved integrated circuits, the implementation of speech or biometric recognition technology, advancements in AI and machine learning, and better power efficiency.
The Market Share size of neuromorphic chips is projected to witness a significant surge in the upcoming years, reaching a valuation of $1.24 billion by 2029, expanding at a compound annual growth rate (CAGR) of 12.4%. The anticipated growth during the forecasted period is linked to the rising demand for neuromorphic computing within the defense and aerospace sectors, elevated research and development investment by various businesses, growing IoT and M2M communication adoption, increased requirements for edge computing, and the usage of neuromorphic hardware in robotics. Key trends during this forecast period involve technological breakthroughs, AI and machine learning advancements, escalating investments, and mergers and acquisitions.
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What trends are poised to drive the future success of the neuromorphic chips Market Share?
Key players in the neuromorphic chips Market Share are concentrating their efforts on the creation of innovative solutions such as neuromorphic development kits for use in smart wearable technology and industrial monitoring instruments. These kits are tools used to construct and examine artificially intelligent systems which replicate the neural processes of the brain, for the purpose of achieving efficient, low-powered processing of sensory data in areas such as robotics and the Internet of Things. For example, in September 2023, Switzerland-based neuromorphic intelligence specialists SynSense AG, introduced their neuromorphic development kit, the Xylo IMU HDK, to the Market Share. This special kit, which includes a unique chip designed specifically for ultra-low-power motion processing applications, enables the analysis of human movement, industrial monitoring, and the facilitation of human-computer interaction. It is equipped with a 3-axis accelerometer, and comes with configurable Spiking Neural Network (SNN) processing and a designed flexibility making it capable of sustaining power efficiency, thus making it suitable for a range of wearable and monitoring devices.
Which primary segments of the neuromorphic chips Market Share are driving growth and industry transformations?
The neuromorphic chips Market Share 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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Which geographical regions are pioneering growth in the neuromorphic chips Market Share?
North America was the largest region in the neuromorphic chips Market Share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuromorphic chips Market Share report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the neuromorphic chips Market Share landscape?
Major companies operating in the neuromorphic chips Market Share 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.
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What Is Covered In The Neuromorphic Chips Global Market Share Report?
•Market Share Size Forecast: Examine the neuromorphic chips Market Share size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the neuromorphic chips Market Share for a structured understanding.
•Key Players Overview: Analyze major players in the neuromorphic chips Market Share, including their Market Share value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the neuromorphic chips Market Share.
•Segment Contributions: Evaluate how different segments drive overall growth in the neuromorphic chips Market Share.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the neuromorphic chips Market Share.
•Industry Challenges: Identify potential risks and obstacles affecting the neuromorphic chips Market Share.
•Competitive Landscape: Review strategic developments in the neuromorphic chips Market Share, including expansions, agreements, and new product launches.
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