How big is the Neuromorphic Chip Market?

The Neuromorphic Chip Market size is expected to reach USD 0.16 billion in 2024 and grow at a CAGR of 104.70% to reach USD 5.83 billion by 2029. Read More

What is the current Neuromorphic Chip Market size?

In 2024, the Neuromorphic Chip Market size is expected to reach USD 0.16 billion. Read More

Who are the key players in Neuromorphic Chip Market?

Intel Corporation, SK Hynix Inc., IBM Corporation, Samsung Electronics Co. Ltd and GrAI Matter Labs are the major companies operating in the Neuromorphic Chip Market. Read More

Which is the fastest growing region in Neuromorphic Chip Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Neuromorphic Chip Market?

In 2024, the North America accounts for the largest market share in Neuromorphic Chip Market. Read More

What years does this Neuromorphic Chip Market cover, and what was the market size in 2023?

In 2023, the Neuromorphic Chip Market size was estimated at USD -0.01 billion. The report covers the Neuromorphic Chip Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Neuromorphic Chip Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Neuromorphic Chip Market Share

Statistics for the 2023 & 2024 Neuromorphic Chip market share, created by Mordor Intelligence™ Industry Reports. Neuromorphic Chip share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Neuromorphic Chip Industry

The neuromorphic chip market has large-scale semiconductor vendors that command significant revenue generation capabilities, architecture-development start-ups, and universities. The market is consolidated, and vendors are increasingly spending on R&D and collaboration activities to gain technological capabilities and commercialize the market, making the market less competitive.

Despite neuromorphic chips being at an early stage of development, the patent filing activity by players in the market is gaining interest across key semiconductor companies, R&D centers, and universities, and competitive rivalry is poised to increase in the future.

• In June 2023, BrainChip Holdings Ltd and Lorser Industries Inc. announced that they would use BrainChip’s Akida technology to deliver neuromorphic computing solutions for software-defined radio (SDR) devices. The partnership will leverage Lorser’s expertise in SDR design and manufacturing and BrainChip’s cutting-edge neuromorphic technology to create innovative, intelligent solutions that enhance SDR devices' adaptability, reliability, and scale.

• In April 2024, Chip maker Intel announced that to facilitate more sustainable artificial intelligence (AI), it has constructed the largest neuromorphic system in the world, known as ”Hala Point.” This massive neuromorphic system, which was first implemented at Sandia National Laboratories, makes use of Intel’s “Loihi 2” CPU, supports research into future brain-inspired artificial intelligence, and addresses issues with the effectiveness and sustainability of current AI.