Neuromorphic Chip Market Projected to Reach $7.1 Billion, Globally, By 2032 at 55.8% CAGR: Allied Market Research
WILMINGTON, Del., Nov. 9, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Neuromorphic Chip Market By End User: Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global neuromorphic chip industry generated $87.9 million in 2022, and is projected to reach $7.1 billion by 2032, registering a CAGR of 55.8% from 2023 to 2032.
- Moreover, there are future opportunities for neuromorphic chip manufacturers to develop energy-efficient chips with advanced power management systems, reducing standby power usage, and eco-friendly production techniques.
- These factors collectively create a strong demand for neuromorphic chips in the neuromorphic chip market.
- In July 2023, SynSense launched its Xylo Audio 3 ultra-low-power audio processing platform built on a neuromorphic AI inference core.
- Xylo Audio 3 is built on TSMC's 40nm CMOS low power logic process for real-time neuromorphic AI audio signal processing capabilities with lower die cost.