From GlobeNewswire: 2024-11-18 11:25:00

Current deep-learning algorithms face obstacles like Moore’s Law economics, hindering startup competition in AI. Data abundance limits existing memory tech, while computational power growth creates a heat wall for applications. Market demands for real-time voice recognition, translation, video comprehension, robot, and automobile perception. Neuromorphic devices offer energy-efficient AI algorithms.

Paradigm shift allows startups to differentiate with new memory tech, enhancing efficiency. Neuromorphic approach saves energy by processing only when necessary, leading AI technology. Market dynamics show increasing demand for AI microchips, with CPUs and AI accelerators dominating. Europe and North America lead the growth due to government initiatives and vendor investments.

Neuromorphic chip market valued at USD 65.43 million in 2023, expected to reach USD 2,175.47 million by 2032. Consumer electronics lead end-user industry segment, growing at a CAGR of 45.7%. Key players include Hynix, IBM, Intel, Samsung, and more. Recent developments by Intel highlight innovative initiatives and investments driving ecosystem innovation.

Regional insights show North America leads the market, followed by Europe and Asia-Pacific. Government initiatives, investments, and research spending drive growth in the neuromorphic chip market. Canada and China’s focus on AI technology provide opportunities for development. Europe’s long-term research projects and partnerships drive advancements, while Asia-Pacific benefits from government support and innovation activities.



Read more at GlobeNewswire: Neuromorphic Chip Market Size is Projected to Reach USD