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Neuromorphic Chip Market: U.S. Neuromorphic Chip Market Projected to Register High Y-o-Y Growth During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

Neuromorphic Chip Market: U.S. Neuromorphic Chip Market Projected to Register High Y-o-Y Growth During the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

North America region to stretch the periphery of the global neuromorphic chip market

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 incremental dollar opportunity of more than US$ 9,170 Mn during the period of forecast. In terms of revenue the North America neuromorphic chip market is projected to be the most attractive region. The North America neuromorphic chip market was valued at more than US$ 400 Mn in 2015 and is expected to surpass the value of US$ 2,700 Mn by the end of 2026. The market will expand at a CAGR of 19.7% in terms of value over the forecast period. This booming regional market is expected to represent an incremental dollar opportunity of more than US$ 2,300 Mn during the period of assessment.

Recent trends in North America include convergence of new and advanced technologies with existing technologies to enhance operations in different verticals such as automobiles and aerospace & defence. Neuromorphic chips, built with hundreds of neurons, are being tested for application in unmanned drones. A chip that works on a complex pattern matching algorithm is being developed to be able to identify and store the signal patterns emitted from the surroundings of any defined space. Using this information, the chip will enable the drone to recognise the space the next time it is at the same location.

For applications in the automotive industry, with the help of other technologies such as signal processing etc., the chip is expected to help drivers in taking better informed decisions by offering data and information about their immediate surroundings. In the U.S., the government is taking initiatives to promote research and development of advanced technologies, which can replace or enhance existing non-efficient ones. Moreover, the U.S. government is taking advantage of the presence of established players for conducting research and development studies for neuromorphic chips. Furthermore, companies are focussing on agreements and collaborations in order to develop neuromorphic chips with advanced features. In 2013, DARPA started a project with the objective to develop neuromorphic chips technology, which would be comparable to a mammal’s brain. DARPA signed on established players such as IBM Corporation and HRL Laboratories, LLC, for this project.

North America neuromorphic chip market: Segment wise performance report

In terms of value, image recognition segment is estimated to be the most attractive in the North America neuromorphic chip market over the forecast period. In terms of revenue, image recognition segment is projected to be the most lucrative segment in the North America neuromorphic chip market during the forecast period. However, signal recognition segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is expected to expand at a CAGR of 21.2% during the forecast period.

In terms of value, the consumer electronics segment is expected to expand at a CAGR of 25.0% during the forecast period. The aerospace & defence segment is expected to be the most attractive segment in the neuromorphic chip market in North America. In 2015 the automotive segment was valued at more than US$ 80 Mn and it is expected to be valued close to US$ 530 Mn by the end of 2026, expanding at a CAGR of 18.4 % between 2016 and 2026.

Leading market players are planning to dominate the global and regional markets through new strategic tie-ups and innovations

IBM was awarded 7,355 patents in the US in 2015, putting it in the leading position for the 23rd consecutive year

Intel Corporation invested US$ 12.1 Bn on R&D in 2015. Such high R&D investments allow the company to develop leading proprietary technologies and attain a strong leadership position.

In September 2016, General Vision collaborated with Mando-Hella Electronics Corp. – a tier1 South Korean automotive systems manufacturer, to develop advanced driver assistance and monitoring systems integrated with NeuroMem technology, enabling advanced image recognition and multisensory pattern recognition

Hewlett Packard Labs focusses on transferring advanced technologies into innovative products in order to propel the company’s growth, maintain industry leadership and competitive advantage

HRL Laboratories focusses on widening its products portfolio reach into new application areas, which helps the company gain a competitive edge


1. Executive Summary
2. Assumptions & Acronyms Used
3. ResearchMethodology
4. Global Neuromorphic Chip Market Overview
4.1. Introduction
4.1.1. Market Definition
4.1.2. Market Taxonomy
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunity
4.3 Value Chain
4.4. Global Neuromorphic Chip Market Forecast, 2016–2026
4.4.1. Market Size (Value) Forecast
4.4.1.1. Y-o-Y Growth Projections
4.4.1.2. Absolute $ Opportunity
4.5. Global Neuromorphic Chip Market Snapshot (2015)
4.5.1. Market Share By Application
4.5.2. Market Share By Vertical
4.5.3. Market Share Region
5. Global Neuromorphic Chip Market Analysis, By Application
5.1. Introduction
5.1.1. Y-o-Y Growth Comparison, By Application
5.1.2. Basis Point Share (BPS) Analysis, By Application
5.2. Global Neuromorphic Chip Market Forecast By Application
5.2.1. Image Recognition
5.2.1.1. Absolute $ Opportunity
5.2.1.2. Market Size Forecast, By Region
5.2.2. Signal Recognition
5.2.2.1. Absolute $ Opportunity
5.2.2.2. Market Size Forecast, By Region
5.2.3. Data Mining
5.2.3.1. Absolute $ Opportunity
5.2.3.2. Market Size Forecast, By Region
5.2.4. Others
5.2.4.1. Absolute $ Opportunity
5.2.4.2. Market Size Forecast, By Region
6. Global Neuromorphic Chip Market Analysis, By Vertical
6.1. Introduction
6.1.1. Y-o-Y Growth Comparison, By Vertical
6.1.2. Basis Point Share (BPS) Analysis, By Vertical
6.2. Global Neuromorphic Chip Market Forecast By Vertical
6.2.1. Aerospace & Defence
6.2.1.1. Absolute $ Opportunity
6.2.1.2. Market Size Forecast, By Region
6.2.2. Automotive
6.2.2.1. Absolute $ Opportunity
6.2.2.2. Market Size Forecast, By Region
6.2.3. Consumer Electronics
6.2.3.1. Absolute $ Opportunity
6.2.3.2. Market Size Forecast, By Region
6.2.4. Healthcare
6.2.4.1. Absolute $ Opportunity
6.2.4.2. Market Size Forecast, By Region
6.2.5. Industrial
6.2.5.1. Absolute $ Opportunity
6.2.5.2. Market Size Forecast, By Region
6.2.6. Others
6.2.6.1. Absolute $ Opportunity
6.2.6.2. Market Size Forecast, By Region
6.3. Global Neuromorphic Chip Market Attractiveness Analysis, By Vertical
6.4. Prominent Trends
7. Global Neuromorphic Chip Market Analysis, By Region
7.1. Introduction
7.1.1. Y-o-Y Growth Projections, By Region
7.1.2. Basis Point Share (BPS) Analysis, By Region
7.2. Global Neuromorphic Chip Market Forecast By Region
7.2.1. North America Market Size Forecast
7.2.2. Latin America Market Size Forecast
7.2.3. Asia Pacific Excl. Japan Market Size Forecast
7.2.4. Japan Market Size Forecast
7.2.5. Western Europe Market Size Forecast
7.2.6. Eastern Europe Market Size Forecast
7.2.7. Middle East & Africa Market Size Forecast
7.3. Regional Attractiveness Analysis
7.4. Drivers & Restraints: Impact Analysis
8. North America Neuromorphic Chip Market Analysis & Forecast
8.1. Introduction
8.1.1. Y-o-Y Growth Projections, By Country
8.1.2. Basis Point Share (BPS) Analysis, By Country
8.2. North America Market Forecast
8.2.1. North America Neuromorphic Chip Market Size Forecast, By Country
8.2.1.1. U.S. Absolute $ Opportunity
8.2.1.2. Canada Absolute $ Opportunity
8.2.2. North America Neuromorphic Chip Market Size Forecast, By Application
8.2.2.1. Image Recognition
8.2.2.2. Signal Recognition
8.2.2.3. Data Mining
8.2.2.4. Others
8.2.3. North America Neuromorphic Chip Market Size Forecast, By Vertical
8.2.3.1. Aerospace & Defence
8.2.3.2. Automotive
8.2.3.3. Consumer Electronics
8.2.3.4. Healthcare
8.2.3.5. Industrial
8.2.3.6. Others
8.2.4. North America Neuromorphic Chip Market Attractiveness Analysis
8.2.4.1. By Country
8.2.4.2. By Application
8.2.4.3. By Vertical
8.2.5. Key Trends
9. Latin America Market Analysis
9.1. Introduction
9.1.1. Y-o-Y Growth Projections, By Country
9.1.2. Basis Point Share (BPS) Analysis, By Country
9.2. Latin America Market Forecast
9.2.1. Latin America Neuromorphic Chip Market Size Forecast, By Country
9.2.1.1. Mexico Absolute $ Opportunity
9.2.1.2. Brazil Absolute $ Opportunity
9.2.1.3. Rest of LATAM Absolute $ Opportunity
9.2.2. Latin America Neuromorphic Chip Market Size Forecast, By Application
9.2.2.1. Image Recognition
9.2.2.2. Signal Recognition
9.2.2.3. Data Mining
9.2.2.4. Others
9.2.3. Latin America Neuromorphic Chip Market Size Forecast, By Vertical
9.2.3.1. Aerospace & Defence
9.2.3.2. Automotive
9.2.3.3. Consumer Electronics
9.2.3.4. Healthcare
9.2.3.5. Industrial
9.2.3.6. Others
9.2.4. Latin America Neuromorphic Chip Market Attractiveness Analysis
9.2.4.1. By Country
9.2.4.2. By Application
9.2.4.3. By Vertical
9.2.5. Key Trends
10. Western Europe Neuromorphic Market Analysis & Forecast
10.1. Introduction
10.1.1. Y-o-Y Growth Projections, By Country
10.1.2. Basis Point Share (BPS) Analysis, By Country
10.2. Western Europe Market Forecast
10.2.1. Western Europe Neuromorphic Chip Market Size Forecast, By Country
10.2.1.1. Germany Absolute $ Opportunity
10.2.1.2. France Absolute $ Opportunity
10.2.1.3. U.K. Absolute $ Opportunity
10.2.1.4. Switzerland Absolute $ Opportunity
10.2.1.5. Nordic Absolute $ Opportunity
10.2.1.6. Rest of Western Europe Absolute $ Opportunity
10.2.2. Western Europe Neuromorphic Chip Market Size Forecast, By Application
10.2.2.1. Image Recognition
10.2.2.2. Signal Recognition
10.2.2.3. Data Mining
10.2.2.4. Others
10.2.3. Western Europe Neuromorphic Chip Market Size Forecast, By Vertical
10.2.3.1 Aerospace & Defence
10.2.3.2. Automotive
10.2.3.2. Consumer Electronics
10.2.3.3. Healthcare
10.2.3.4. Industrial
10.2.3.5. Others
10.2.4. Western Europe Neuromorphic Chip Market Attractiveness Analysis
10.2.4.1. By Country
10.2.4.2. By Application
10.2.4.3. By Vertical
10.2.5. Key Trends
11. Eastern Europe Neuromorphic Market Analysis & Forecast
11.1. Introduction
11.1.1. Y-o-Y Growth Projections, By Country
11.1.2. Basis Point Share (BPS) Analysis, By Country
11.2. Eastern Europe Market Forecast
11.2.1. Eastern Europe Neuromorphic Chip Market Size Forecast, By Country
11.2.1.1. Russia Absolute $ Opportunity
11.2.1.2. Poland Absolute $ Opportunity
11.2.1.3. Rest of Eastern Europe Absolute $ Opportunity
11.2.2. Eastern Europe Neuromorphic Chip Market Size Forecast, By Application
11.2.2.1. Image Recognition
11.2.2.2. Signal Recognition
11.2.2.3. Data Mining
11.2.2.4. Others
11.2.3. Eastern Europe Neuromorphic Chip Market Size Forecast, By Vertical
11.2.3.1. Aerospace & Defence
11.2.3.2. Automotive
11.2.3.3. Consumer Electronics
11.2.3.4. Healthcare
11.2.3.5. Industrial
11.2.3.6. Others
11.2.4. Eastern Europe Neuromorphic Chip Market Attractiveness Analysis
11.2.4.1. By Country
11.2.4.2. By Application
11.2.4.3. By Vertical
11.2.5. Key Trends
12. APEJ Market Neuromorphic Market Analysis & Forecast
12.1. Introduction
12.1.1. Y-o-Y Growth Projections, By Country
12.1.2. Basis Point Share (BPS) Analysis, By Country
12.2. APEJ Market Forecast
12.2.1. APEJ Neuromorphic Chip Market Size Forecast, By Country
12.2.1.1. China Absolute $ Opportunity
12.2.1.2. India Absolute $ Opportunity
12.2.1.3. South Korea Absolute $ Opportunity
12.2.1.4. ASEAN Absolute $ Opportunity
12.2.1.5. ANZ Absolute $ Opportunity
12.2.1.6. Rest of APEJ Absolute $ Opportunity
12.2.2. APEJ Neuromorphic Chip Market Size Forecast, By Application
12.2.2.1. Image Recognition
12.2.2.2. Signal Recognition
12.2.2.3. Data Mining
12.2.2.4. Others
12.2.3. APEJ Neuromorphic Chip Market Size Forecast, By Vertical
12.2.3.1. Aerospace & Defence
12.2.3.2. Automotive
12.2.3.2. Consumer Electronics
12.2.3.3. Healthcare
12.2.3.4. Industrial
12.2.3.5. Others
12.2.4. APEJ Neuromorphic Chip Market Attractiveness Analysis
12.2.4.1. By Country
12.2.4.2. By Application
12.2.4.3. By Vertical
12.2.5. Key Trends
13. Japan Neuromorphic Market Analysis & Forecast
13.1. Introduction
13.1.1. Y-o-Y Growth Projections
13.2. Japan Market Forecast
13.2.1. Japan Neuromorphic Chip Market Size Forecast, By Application
13.2.1.1. Image Recognition
13.2.1.2. Signal Recognition
13.2.1.3. Data Mining
13.2.1.4. Others
13.2.2. Japan Neuromorphic Chip Market Size Forecast, By Vertical
13.2.2.1. Aerospace & Defence
13.2.2.2. Automotive
13.2.2.3. Consumer Electronics
13.2.2.4. Healthcare
13.2.2.5. Industrial
13.2.2.6. Others
13.2.3. Japan Neuromorphic Chip Market Attractiveness Analysis
13.2.3.1. By Application
13.2.3.2. By Vertical
13.2.4. Key Trends
14. Middle East & Africa Neuromorphic Market Analysis & Forecast
14.1. Introduction
14.1.1. Y-o-Y Growth Projections, By Country
14.1.2. Basis Point Share (BPS) Analysis, By Country
14.2. Middle East & Africa Market Forecast
14.2.1. MEA Neuromorphic Chip Market Size Forecast, By Country
14.2.1.1. GCC Absolute $ Opportunity
14.2.1.2. N. Africa Absolute $ Opportunity
14.2.1.3. S. Africa Absolute $ Opportunity
14.2.1.4. Rest of MEA Absolute $ Opportunity
14.2.2. MEA Neuromorphic Chip Market Size Forecast, By Application
14.2.2.1. Image Recognition
14.2.2.2. Signal Recognition
14.2.2.3. Data Mining
14.2.2.4. Others
14.2.3. MEA Neuromorphic Chip Market Size Forecast, By Vertical
14.2.3.1. Aerospace & Defence
14.2.3.2. Automotive
14.2.3.3. Consumer Electronics
14.2.3.4. Healthcare
14.2.3.5. Industrial
14.2.3.6. Others
14.2.4. MEA Neuromorphic Chip Market Attractiveness Analysis
14.2.4.1. By Country
14.2.4.2. By Application
14.2.4.3. By Vertical
14.2.5. Key Trends
15. Competition Landscape

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