Future of the Neuromorphic Chips Market: Strategic Analysis and Forecast to 2034

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts

Neuromorphic Chips Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for neuromorphic chips has seen swift expansion in recent years. The market value will increase from $0.68 billion in 2024 to $0.78 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 14.8%. Factors driving growth during the historic period include improvements in integrated circuits, the uptake of speech or biometric recognition technology, progress in artificial intelligence and machine learning, and optimisation of power consumption.

Neuromorphic Chips Market Size Forecast: What's the Projected Valuation by 2029?
The neuromorphic chips market is predicted to witness substantial expansion in the coming years, escalating to a worth of $1.24 billion in 2029, with a compound annual growth rate (CAGR) of 12.4%. This projected growth during the forecast period is attributable to the escalating demand for neuromorphic computing in the defense and aerospace industries, a surge in investments for research and development by corporations, the expanding adoption of IoT and M2M communication, the burgeoning demand for edge computing, and the utilization of neuromorphic hardware in the field of robotics. Key trends during the forecast period encompass new technical progress, advancements in Artificial Intelligence and machine learning, rising investments, as well as mergers and acquisitions.

View the full report here:
https://www.thebusinessresearchcompany.com/report/neuromorphic-chips-global-market-report

What Are the Drivers Transforming the Neuromorphic Chips Market?
The neuromorphic chips market's expansion is likely to be propelled by the increasing demand for robotics and automation. These terms refer to the employment of computers, information technology, and control systems in managing industrial machinery and processes. Robotics and automation harness neuromorphic chips to employ brain-inspired computing concepts, bolstering robots and automated systems' abilities. For example, the International Federation of Robotics, a non-profit organization based in Germany, records show that in 2023, industrial robot installations in Europe witnessed a 9% growth, hitting a record high of 92,393 units. The European Union accounted for 80% of these installations, equating to 73,534 units, marking a 2% rise from the previous year. Hence, the escalating demand for robotics and automation is fueling the expansion of the neuromorphic chips market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13886&type=smp

What Long-Term Trends Will Define the Future of the Neuromorphic Chips Market?
Key players in the neuromorphic chips market are prioritizing the creation of novel solutions such as neuromorphic development kits tailored for smart wearables and devices used in industrial monitoring. Neuromorphic development kits are essentially tools utilized in the construction and assessment of AI systems, closely resembling the brain's neural processing, and are used to allow efficient, low-power processing of sensory data in fields like robotics and the Internet of Things. A vivid example is SynSense AG, a Swiss company specializing in neuromorphic intelligence and application solutions. In September 2023, they introduced the Xylo IMU HDK, a neuromorphic development kit. This kit, featuring a specifically designed chip for ultra-low-power motion processing applications, supports human movement analysis, industry monitoring, and human-computer interactions. It comes with a 3-axis accelerometer, a configurable SNN processor, and a power-efficient design that can be adapted to a variety of wearables and monitoring devices.

Which Segments in the Neuromorphic Chips Market Offer the Most Profit Potential?
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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13886&type=smp

Which Firms Dominate the Neuromorphic Chips Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Neuromorphic Chips Market?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13886

"This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work."

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.