Brain-like Computing Chip Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Brain-like Computing Chip Market

The global Brain-like Computing Chip market size is projected to reach US$ 1436 million by 2028, from US$ 13 million in 2021, at a CAGR of 94.7% during 2022-2028.

Key drivers of the brain-like computing chip market include the rising need for data mining applications. The increasing use in the healthcare industry will fuel the growth of the brain-like computing chip market. The huge scope in the automotive industry will drive the growth of the market during the forecast period.

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Report Scope
Data mining has gained significant traction in the last few years. Brain-like chips work in combination with voice and gesture commands to provide AI-like capability to smart vehicles. Neuromorphic chips copy the human brain structure as each neuron transmits the message to other neurons and the entire system learns by reinforcing connections. It is adept at tracking patterns in large volumes of noisy data which helps in speeding up the overall learning process. This will bolster the growth of the brain-like computing chip market during the forecast period. Mining understands the correct form of data and collects it from various sources for proper analysis. It resolves data issues like corruption, duplication, and stolen data. It makes informed decisions and helps detect several cases of fraud.

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Segment by Type
• Data Mining
• Image Identification and Signal Processing

Segment by Application
• Brain-Like Computer
• Other

By Companies
• Intel Corporation
• IBM Corporation
• Eta Compute
• nepes
• GrAI Matter Labs
• GyrFalcon
• aiCTX
• BrainChip Holdings
• SynSense

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This release was published on openPR.