Neuromorphic Chips Market
The market for Neuromorphic Chips was estimated at $7.4 billion in 2024; it is anticipated to increase to $25.0 billion by 2030, with projections indicating growth to around $69.0 billion by 2035.
Global Neuromorphic Chips Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Neuromorphic Chips industry revenue is expected to be around $9.1 billion in 2025 and expected to showcase growth with 22.5% CAGR between 2025 and 2034. The continuous growth in the Neuromorphic Chips industry is driven by factors like progress in neural networks and AI technology alongside their increasing integration into high performance and energy efficient computing systems. These chips mark an advancement in computing technology as they can replicate the structure of the human brain enabling new opportunities, across various sectors. The ongoing demand for computing devices that use less power has sparked interest and growth in the market. Additionally the shift towards computing and ML features, alongside advancements in neuromorphic engineering all play a role, in driving sustained interest and strong market growth.
Neuromorphic Chips are often hailed as a wonder due to their specialized silicon design incorporating both digital and analog circuits that mimic the structures found in the human nervous system. They are known for their versatility. Are utilized across various fields such as robotics, smart devices and IOT applications. These chips play a role, in advanced computing systems used in defense augmented reality, self driving vehicles and a wide array of ML tasks.
Market Key Insights
- The Neuromorphic Chips market is projected to grow from $7.4 billion in 2024 to $56.3 billion in 2034. This represents a CAGR of 22.5%, reflecting rising demand across Automation & Robotics, Consumer Electronics and Health Care & Biomedical.
- IBM, Intel Corporation, General Vision are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Neuromorphic Chips market and are expected to observe the growth CAGR of 21.6% to 31.5% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 16.9% to 23.4%.
- Transition like The AI Wave is expected to add $2 billion to the Neuromorphic Chips market growth by 2030.
- The Neuromorphic Chips market is set to add $48.9 billion between 2024 and 2034, with industry players targeting Automotive & Healthcare Application projected to gain a larger market share.
- With
accelerated adoption in advanced computing fields, and
increasing focus on power-efficient circuits, Neuromorphic Chips market to expand 661% between 2024 and 2034.