Published by mark itwired
Posted on October 8, 2021
4 min readLast updated: January 30, 2026
The neuromorphic chip market is projected to grow to $10.8 billion by 2026, driven by AI advancements and increasing demand for smart technologies.
Technological advancements in the Open-ended Dominion of Artificial Intelligence (AI) are Demanding Advanced Neuromorphic Chips to Serve as Processors From Machine Learning and Automated Reasoning Operations
Future Market Insights’ report, titled “Neuromorphic Chips Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” projects that the global neuromorphic chips market, which is currently valued at an estimated US$ 1.6 billion, will rake in revenues worth US$ 10,814.9 million by 2026 end. According to the report, the size of global neuromorphic chips market will expand exponentially – at 20.7% CAGR. Technical hurdles such as developing complex algorithms, and a sluggish commercialization of neuromorphic chips inhibits the market’s growth to some extent. And, high costs associated with the pricing as well as production of neuromorphic chips remains a key challenge for the key players in global neuromorphic chips market.
According to a latest research by Future Market Insights, development of AI systems is fueling the growth of global demand for neuromorphic chips. Scientists and researchers developing diverse AI platforms are integrating neuromorphic chips to improve smart functioning and reasoning abilities of machines. Governments from several parts of the world are inducing surplus expenditure towards development of AI systems, which is incidentally catalyzing the demand for neuromorphic chips in the global tech industry.
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In 2015, about US$ 1.5 billion worth of revenues were attained through the global sales of neuromorphic chips. Increasing preference for neuromorphic engineering over conventional computing and a large-scale integration of analogue circuits for improving neurological & biological mimicking in smart machines continues to drive the demand in the global market for neuromorphic chips.
Preview Analysis on Global Neuromorphic Chip Market Segmentation by Application – Image Recognition, Signal Recognition, Data Mining and Others; By Vertical – Aerospace & Defence, Automotive, Consumer Electronics, Healthcare, Industrial and Others: http://www.futuremarketinsights.com/reports/neuromorphic-chip-market
Regional Forecast of Global Neuromorphic Chips Market
Key findings assessed while analysing the neuromorphic chips market across several regions in the world include,
Global Neuromorphic Chips Market: Competitive Backdrop
Industry leaders and tech giants such as IBM Research Inc. and Intel Corporation are participating in the growth of global neuromorphic chips market. Being a leading developer of advanced integrated platforms in digital technology has favoured Intel Corporation to engaging in designing, manufacturing & computing of neuromorphic chips. In 2016, IBM Research used phase-change materials to advance the data storing & processing capacities of neurons in analog chips. Besides these, companies such as Qualcomm Technologies, Inc., BrainChip Holdings Ltd., HRL Laboratories, LLC, General Vision Inc., Hewlett-Packard Labs, and Knowm Inc., are leading participants shaping up the competitive landscape of global neuromorphic chips market.
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Global Neuromorphic Chips Market: End-users & Applications
Advanced technologies are being used for development of alternative processing chips that recognize images or 3-dimensionally classify objects while capturing live environments. So, the demand for neuromorphic chips in image recognition is less likely to grow higher over the forecast period. About 37% of global neuromorphic chips market value is currently accounted by image recognition, but is projected to steep below 35% by 2026-end. Signal recognition & data mining applications, on the other hand, will witness a considerable rise in their global market share over the forecast period. With respect to the key end-user industries, aerospace & defence, consumer electronics and automotive are expected to collective account for nearly 60% of global neuromorphic chips revenues by the end of forecast period. Global neuromorphic chips sales accounted by aerospace & defence are expected to be more than US$ 2 billion by 2026-end. Healthcare industry, on the other hand, is projected to exhibit a US$ 1.3 billion incremental opportunity from 2016 to 2026.
The post Neuromorphic Chip Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2026 appeared first on Industry News Analsis.
The article discusses the growth and forecast of the global neuromorphic chip market from 2021 to 2026.
The market faces challenges such as high costs and technical hurdles in developing complex algorithms.
The Asia Pacific excluding Japan (APEJ) region is expected to grow at the fastest rate.
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