openPR Logo
Press release

Neuromorphic Chip Market Set to Soar: $1.81 Billion by 2024 with 64.7% CAGR Growth

06-10-2025 01:20 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Emergen Research

Neuromorphic Chip Market

Neuromorphic Chip Market

The global neuromorphic chip market was valued at USD 1.1 billion in 2023 and is projected to reach USD 1.81 billion by the end of 2024, registering an astounding CAGR of 64.7% during the forecast period. This surge is driven by increasing demand for intelligent hardware systems capable of emulating brain-like cognitive functions for advanced artificial intelligence (AI) and machine learning (ML) applications.

An Emergen Research report of 250 pages features 194 tables, 189 charts, and graphics. Our new study is ideal for anyone who wants to learn about the global Neuromorphic Chip market commercially and deeply, as well as to analyze the market segments in depth. With the help of our recent study, you can analyze the entire regional and global market for Neuromorphic Chip. To increase market share, you must obtain financial analysis of the entire market and its segments. Our research suggests there are significant opportunities in this rapidly expanding market for energy storage technology. Look at how you might take advantage of these revenue-generating opportunities. Additionally, the research will help you develop growth strategies, strengthen competitor analysis, and improve business productivity by enabling you to make better strategic decisions.

Get Free Sample Report and Related Graphs & Charts @https://www.emergenresearch.com/request-sample/2971

Technology Overview

Neuromorphic chips are a new generation of semiconductor devices engineered to replicate brain-like processing, using artificial neurons and synapses to interpret and respond to data through spike-based signaling, mimicking the way biological neurons exchange information. Unlike traditional computing systems that rely on sequential processing, neuromorphic chips utilize parallel processing and event-driven architectures, resulting in significantly enhanced data handling capabilities, adaptability, and real-time learning potential. These chips combine memory and processing units within each neuron-like element, allowing highly efficient and low-latency computation.

Market Drivers

A key factor driving demand is the disruptive impact neuromorphic computing is expected to have on AI and ML. Neuromorphic chips offer unmatched capabilities in pattern recognition, real-time decision-making, and anomaly detection-critical for applications in natural language processing, image and speech recognition, and cybersecurity. Their event-driven processing architecture makes them particularly well-suited for detecting deviations in streaming data, empowering industries such as finance (for fraud detection), healthcare (for diagnostics and patient monitoring), and industrial monitoring (for fault detection).

Request Customization Of The Report @https://www.emergenresearch.com/request-for-customization/2971

Moreover, neuromorphic chips show high energy efficiency compared to traditional CPUs and GPUs. This characteristic is critical for mobile, IoT, and edge devices, as well as for sustainable operations in data centers. The ability to rapidly learn from real-time data, adapt to changing environments, and withstand noisy inputs further reinforces their role in autonomous vehicles, robotics, and intelligent IoT systems.

In healthcare, neuromorphic chips are being used for medical imaging, patient monitoring, and early diagnostics based on sensor data. In the finance sector, they are applied for risk assessment and market analysis, while in the automotive sector, they are enabling real-time decisions in autonomous navigation systems. Environmental monitoring and smart city applications also benefit from the chips' ability to analyze complex and continuous data flows in real time.

With our new report, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Emergen Research study is for everybody needing commercial analyses for the Neuromorphic Chip Market, 2022 to 2030, market-leading companies. You will find data, trends and predictions.

Major Players/Manufacturers profiled in the report are:

Intel Corporation

IBM Corporation

Qualcomm Incorporated

BrainChip Holdings Ltd.

Samsung Electronics Co., Ltd.

NVIDIA Corporation

General Vision Inc.

STMicroelectronics N.V.

Infinera Corporation

Huawei Technologies Co., Ltd.

Request A Discount On The Report @https://www.emergenresearch.com/request-discount/2971

Global Neuromorphic Chip Market Report - Segmental Analysis:

Component Outlook (Revenue, USD Billion; 2020-2033)

Hardware

Software

Services

Application Outlook (Revenue, USD Billion; 2020-2033)

Robotics and Automation

Consumer Electronics

Automotive (Autonomous Driving)

Healthcare (Brain-Machine Interfaces)

End-Use Outlook (Revenue, USD Billion; 2020-2033)

Research & Academia

Commercial (Enterprise)

Government

Defense & Aerospace

Energy and Utilities

Industry Outlook (Revenue, USD Billion; 2020-2033)

Industrial

Automotive

Healthcare

Consumer Electronics

Aerospace & Defense

Key Geographies Profiled in the Report:

North America(the U.S., Mexico, and Canada)

Asia Pacific(China, Japan, India, and Rest of Asia Pacific)

Europe(the U.K., France, Germany, and Rest of Europe)

Latin America(Brazil and Rest of Latin America)

Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

Key Benefits For Stakeholders:

The report provides an extensive analysis of the current and future trends in the global minimally invasive surgical systems market to elucidate the imminent investment pockets.

A detailed analysis of the factors that drive and restrict the growth of the minimally invasive surgical systems market is provided.

Extensive analysis of key segments demonstrates the types of energy devices, access equipment, and visualization & documentation systems used in minimally invasive surgeries.

A comprehensive analysis of the geographical landscape provides detailed information about various regions across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report offers a competitive landscape of the minimally invasive surgical systems market to assist players to gain insights into the competition scenario. Key companies operating in the market are profiled to provide valuable insights.

Click here to Buy Now @https://www.emergenresearch.com/select-license/2971

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs. Emergen Research also offers a country-wise customized report as per clients' needs.

Market Restraints

Despite their promise, neuromorphic chips face substantial challenges. First, their accuracy remains unproven compared to conventional ML and deep learning systems, particularly in large-scale, high-precision applications. Moreover, development of supporting software and algorithms lags significantly behind hardware advancements, limiting their commercial viability and general usability. These limitations hinder widespread adoption across industries where reliability and integration into existing systems are crucial.

Another concern is the cost and complexity of developing and deploying neuromorphic systems, making them inaccessible to smaller businesses and consumers. Additionally, ethical and privacy concerns arise from the use of highly autonomous systems that could operate independently and make decisions without direct human oversight.

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Neuromorphic Chip Market Set to Soar: $1.81 Billion by 2024 with 64.7% CAGR Growth here

News-ID: 4059481 • Views:

More Releases from Emergen Research

Silicon Photonics Market Types, Applications, Products, Share, Growth, Insights and Forecasts
Silicon Photonics Market Types, Applications, Products, Share, Growth, Insights …
The global Silicon Photonics Market, valued at USD 980 million in 2019, is projected to grow at a 22.7% CAGR, reaching USD 4.62 billion by 2027, according to recent market research. The surge in cloud computing, rising internet usage, and the global rollout of 5G technology are key factors fueling this growth. Key Market Drivers Cloud Computing Demand: With 40% of companies planning to adopt cloud-based services and over half accelerating cloud
Car rental Market Growing at a Rapid Pace by 2033 | Trends and Future Forecasting
Car rental Market Growing at a Rapid Pace by 2033 | Trends and Future Forecastin …
Car rental market reached a size of USD 122.30 billion in 2022 and is projected to grow at a steady compound annual growth rate (CAGR) of 7.4% over the forecast period, according to a new report by Emergen Research. Key factors contributing to this growth include the rising demand for flexible transportation, rapid urban development, traffic congestion, and the expanding tourism sector. Parking issues in densely populated cities are pushing people
Plastic to Fuel Technology Market Size, Report: 2033 Key Data
Plastic to Fuel Technology Market Size, Report: 2033 Key Data
The global plastic to fuel technology market size was USD 321.4 Million in 2022 and is expected to register a revenue CAGR of 28.3% during the forecast period. The global plastic-to-fuel (PTF) technology market is experiencing significant growth as industries and governments seek sustainable alternatives to manage plastic waste while addressing energy needs. With 400 million metric tons of plastic produced annually, innovative conversion technologies are transforming this waste into
Sleep Apnea Devices Market Poised for Steady Growth, Reaching USD 7 Billion in 2021 with a 6.9% CAGR
Sleep Apnea Devices Market Poised for Steady Growth, Reaching USD 7 Billion in 2 …
Increasing prevalence of undiagnosed sleep apnea and demand for advanced portable devices drive market expansion. The global sleep apnea devices market was valued at USD 7.00 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 6.9% in the coming years, according to recent market research. Key factors fueling this growth include the rising number of undiagnosed sleep apnea cases, increasing awareness of sleep disorders,

All 5 Releases


More Releases for Neuromorphic

Neuromorphic Computing Market- The Neuromorphic Computing Market Are Improving T …
Neuromorphic computing or neuromorphic engineering has been described as the use of large integration systems containing numerous analog circuits allowing the replication of neuro-biological behaviors existing in a human’s nervous system. The neuromorphic computing platform consists of two vital systems based on the custom hardware architecture. Such systems are designed to program neural microcircuits by applying brain-like thought process in cognitive computing and machine learning process. This procedure enables a
Neuromorphic Chip Market - Increasing Adoption of Automation to Expand Growth Op …
The global neuromorphic chip market is fragmented in nature due to the presence of a large number of players existing in the market. The prominent players are investing heavily investing mergers and acquisitions and collaboration to expand their geographical reach and get a firm hold in the market. These players are also using effective marketing strategies that help in the commercialization of these chips that in turn will open new
Neuromorphic Chip Market: U.S. Neuromorphic Chip Market Projected to Register Hi …
The global neuromorphic chip market is expected to witness a significant surge by the end of 2026. The market will record a CAGR of 20.7% within the forecast period (2016 – 2026). The value of the global neuromorphic chip market crossed US$ 1,420 Mn in 2015 and is expected to touch an approximate value of US$ 10,810 Mn by the end of 2026. The market is likely to showcase an
Data Processing Neuromorphic Chip Market - Increasing Demand for Data Processing …
Neuromorphic technology is primarily based on the working principal of neurons and neural circuits located in the human brain. A neuromorphic chip is VLSI (Very Large Scale Integration) systems that consist of electronic analog circuits in order to mimic the function of various neuro-biological architectures located in the nervous system of a human body. The connections, emulated neuron and wires present in a neuromorphic chip perform the functions of synapses,
Data Processing Neuromorphic Chip Market - Increasing Demand For Data Processing …
Neuromorphic technology is primarily based on the working principal of neurons and neural circuits located in the human brain. A neuromorphic chip is VLSI (Very Large Scale Integration) systems that consist of electronic analog circuits in order to mimic the function of various neuro-biological architectures located in the nervous system of a human body. The connections, emulated neuron and wires present in a neuromorphic chip perform the functions of synapses,
Neuromorphic Chip Market : Evolution in Artificial Intelligence to Spur Growth o …
Some of the key vendors in the global neuromorphic chip market are Brain Corporation, Qualcomm Inc., Intel Corp., International Business Machine Corporation, Vicarious FPC Inc., HRL Laboratories LLC., Hewlett Packard Corp., General Vision Inc., Samsung Electronics Co. Ltd., and Lockheed Martin Corporation. The global market for neuromorphic chips is highly fragmented. The prominent companies in the market are taking strategic decisions such as mergers and acquisitions to enhance their market