Global Brain Computer Interface Market – Industry Trends and Forecast to 2028

  • ICT
  • Upcoming Report
  • Apr 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Brain Computer Interface Market, By Component (Hardware, Software), Type (Non-Invasive, Invasive, Partially Invasive), Application (Medical, Communication & Control, Gaming & Virtual Reality, Smart Home Control), Technology (Electro-Encephalography (EEG), Magnetoencephalography (MEG), Electrocorticography (ECoG), Functional Magnetic Resonance Imaging (fMRI), Near-Infrared Spectroscopy (NIRS), Intracortical Neuro Recording), End-User (Healthcare, Education & Research, Defense & Aerospace), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Brain Computer Interface Market Market Analysis and Insights : Global Brain Computer Interface Market

The brain computer interface market will reach at an estimated value of 4453.33 million and grow at a CAGR of 14.80% in the forecast period of 2021 to 2028. Rise in the incidences of brain disorders affecting the movements of body is an essential factor driving the brain computer interface market.

Brain computer interface or BCI, is also known as mind-machine interface (MMI), neural-control interface (NCI), direct neural interface (DNI), or brain-machine interface (BMI). It is an interactive platform or direct communication pathway between an external device and brain. Brain imaging technologies which include functional Magnetic Resonance (fMRI), Magneto encephalography (MEG), Electrocorticography (ECOG) and Electroencephalography (EEG), are integrated with BCI systems to capture electrical signals sent by the human brain.

Rise in the number of gaming industries implementing BCI technologies is a crucial factor accelerating the market growth, also rise in the miniaturization of components, increase in the research on utilizing BCI for defense sector, increase in the presence of leading companies developing brain computer interface in North America and rise in the R&D efforts regarding BCI are the major factors among others boosting the brain computer interface market. Moreover, rise in the adoption of sensor technologies and rise in the demand from the emerging economies will further create new opportunities for brain computer interface market in the forecast period mentioned above.

However, lack of expertise in implementing the BCI systems and rise in the dthical issues arising due to the implementation of BCI technologies are the major factors among others restraining the market growth, and will further challenge the brain computer interface market in the forecast period mentioned above.

This brain computer interface market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the brain computer interface market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Brain Computer Interface Market Scope and Market Size

The brain computer interface market is segmented on the basis of component, type, application, technology and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of component, the brain computer interface market is segmented into hardware and software.
  • Based on type, the brain computer interface market is segmented into non-invasive, invasive and partially invasive.
  • Based on application, the brain computer interface market is segmented into medical, communication & control, gaming & virtual reality and smart home control.
  • Based on technology, the brain computer interface market is segmented into electro-encephalography (EEG), magnetoencephalography (MEG), electrocorticography (ECoG), functional magnetic resonance imaging (fMRI), near-infrared spectroscopy (NIRS) and intracortical neuro recording.
  • The brain computer interface market is also segmented on the basis of end-user into healthcare, education & research and defense & aerospace.

Brain Computer Interface Market Scope Country Level Analysis

The brain computer interface market is analysed and market size, volume information is provided by country, component, type, application, technology and end-user as referenced above.

The countries covered in the brain computer interface market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the brain computer interface market due to rise in the R&D investments, increase in the large number of clinical trials being conducted on brain devices, increase in the incidences of neurodegenerative conditions such as Parkinson's, Alzheimer's, and Huntington's disease and rise in the demand for immersive gaming in this region. Asia-Pacific is the expected region in terms of growth in brain computer interface market due to increasing healthcare expenditure, and rise in the growth in the awareness amongst patients in this region.

The country section of the brain computer interface market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Brain Computer Interface Market Share Analysis

The brain computer interface market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to brain computer interface market.

The major players covered in brain computer interface market report are Advanced Brain Monitoring, Inc., Cadwell Industries, Inc, OpenBCI, Cortech Solutions, Inc, NeuroSky, EMOTIV, g.tec medical engineering GmbH Austria, Natus Medical Incorporated, NIHON KOHDEN CORPORATION, Integra LifeSciences Corporation and CAS Medical Systems, Inc, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Brain Computer Interface Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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