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Neuromorphic Chip Market Share

  • Report ID: GMI10664
  • Published Date: Aug 2024
  • Report Format: PDF

Neuromorphic Chip Market Share

Intel Corporation & IBM Corporation hold a significant share in the neuromorphic chip industry. Intel Corporation holds a significant share in the market due to its pioneering efforts in developing cutting-edge neuromorphic computing technologies. Intel's introduction of the Loihi chip, a specialized neuromorphic processor, has positioned the company as a leader in this emerging field. Loihi is designed to mimic the brain's neural networks, offering highly efficient and low-power processing capabilities ideal for applications requiring real-time data processing and learning, such as robotics, artificial intelligence, and edge computing. Intel's extensive research and development resources, coupled with its strong market presence and partnerships with leading research institutions and universities, enable it to drive innovation and accelerate the adoption of neuromorphic technology. Additionally, Intel's ability to integrate neuromorphic chips with its existing hardware and software ecosystems provides a seamless pathway for customers to implement advanced neuromorphic solutions, further solidifying its significant market share.
 

IBM Corporation holds a significant share in the global market due to its long-standing commitment to advancing cognitive computing and artificial intelligence. IBM's TrueNorth chip is a notable example of its innovative approach to neuromorphic computing. TrueNorth is designed to emulate the human brain's neural architecture, offering unprecedented efficiency and scalability for complex data processing tasks. IBM's extensive research capabilities, particularly through its IBM Research division, have enabled it to develop sophisticated neuromorphic technologies that address the needs of various industries, from healthcare to finance. Furthermore, IBM's expertise in AI and machine learning, combined with its robust portfolio of cognitive computing solutions, positions it as a key player in the market. The company's collaborations with academic and industry partners, along with its focus on creating practical, scalable neuromorphic applications, contribute to its significant market share and influence in this rapidly evolving field.
 

Neuromorphic Chip Market Companies

Major players operating in the neuromorphic chip industry are:

  • Intel Corporation
  • IBM Corporation
  • Samsung Electronics Co. Ltd
  • BrainChip, Inc.
  • SK HYNIX INC. 
  • SynSense AG
  • Prophesee.ai
Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global neuromorphic chip industry was valued at USD 138.2 million in 2023 and is anticipated to register a 55% CAGR between 2024 and 2032, due to innovations in AI and ML technologies.

The automotive segment of neuromorphic chips industry will exhibit a CAGR of over 55% through 2032, because of their ability to enhance driver assistance systems and autonomous vehicle technologies.

North America market accounted for 35% revenue share in 2023, driven by its advanced technological infrastructure and substantial investments in R&D.

Intel Corporation, IBM Corporation, Samsung Electronics Co. Ltd, BrainChip, Inc., SK HYNIX INC., SynSense AG, and Prophesee.ai.

Neuromorphic Chip Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 210
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