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Brain Computer Interface Market Trends, Industry & Size 2031

Global Brain Computer Interface Market

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Segments - by Types (Invasive Brain Computer Interface, Non-invasive Brain Computer Interface, Partially Invasive Brain Computer Interface, and Others), Applications (Communication & Control, Entertainment & Gaming, Healthcare [Brain Function Repair and Disabilities Restoration], and Smart Home Control), End-users (Communication, Gaming, Manufacturing, Medicine, Military, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

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Author :

Raksha Sharma

Fact-checked by :

Amulya Agarwal

Editor :

Shruti Bhat

Report Description

The global brain computer interface market is projected to register a robust CAGR during the forecast period, between 2021 and 2028. A brain-computer interface (BCI), also known as mind-machine interface (MMI) or brain-machine interface (BMI), is an interactive platform or direct communication conduit between the brain and an external device. The brain-computer interface system records brain signals from the cortex's surface using signaling devices inserted within the brain or sensors placed on the scalp. These signals are subsequently sent to the linked peripheral device, allowing the operator to accomplish a variety of tasks. Magnetoencephalography (MEG), electrocorticography (ECOG), functional Magnetic Resonance (fMRI), and electroencephalography (EEG) are brain imaging technologies that are connected with brain machines interface systems to collect electrical signals sent by the human brain.

Market Trends, Drivers, Restraints, and Opportunities:

Rising prevalence of neurodegenerative illnesses such as Parkinson's and Alzheimer's disease as well as epilepsy, is projected to fuel demand for brain-computer interfaces.
Growing geriatric population and increasing government R&D activities to improve brain-computer interface technologies are driving the market growth.
Technological advances, sensor, and computing technology advancements in software are major factors that drive market expansion during the projected period.
Issues concerning to ethical difficulties, uncertainty in outcomes, and procedure risk of using the technology are major restraining factors, all are likely to hinder the market growth in the coming years.
High cost of devices as well as a lack of experience in deploying the system are hampering market expansion.
Virtual gaming has created a slew of new opportunities for mind-controlled gadgets and headsets, propelling the development of brain-controlled interface technology even further.

Scope of the report:

The report on the global brain computer interface market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Brain Computer Interface Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018 & 2019
Forecast Period	2021–2028
Segmentation	Types (Invasive Brain Computer Interface, Non-invasive Brain Computer Interface, Partially Invasive Brain Computer Interface, and Others), Applications (Communication & Control, Entertainment & Gaming, Healthcare [Brain Function Repair and Disabilities Restoration], and Smart Home Control), End-users (Communication, Gaming, Manufacturing, Medicine, Military, and Others)
Regional Scope	Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
Report Coverage	Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
Key Players Covered	Bitbrain Technologies; Nihon Kohden Corporation; Paradromics; Natus Medical, Inc.; EMOTIV; Integra Life Sciences Corporation; NEURALINK; Compumedics, Ltd.; NeuroSky; and Advanced Brain Monitoring Inc.

Brain Computer Interface Market Segment Insights:

Non-invasive brain computer interface segment to hold significant market share

Based on types, the brain computer interface market is segregated into invasive brain computer interface, non-invasive brain computer interface, partially invasive brain computer interface, and others. The non-invasive brain computer interface segment is projected to hold significant market share due to the wide range of applications for this technology in goods such as amplifiers, headphones, and gaming sticks. Furthermore, multiple research projects are being carried out in this field. An increase in the use of non-invasive brain computer interface systems in the healthcare industry as these systems are used to control robotic arms, which are advantageous to paralyzed individuals. Non-invasive brain-computer interface systems are seen to be the safest since they are less obtrusive, which is boosting segment expansion.

Healthcare segment is anticipated to account for a substantial share

On the basis of applications, the market is segmented into communication & control, entertainment & gaming, healthcare, and smart home control. The healthcare segment is further bifurcated into brain function repair and disabilities restoration. The healthcare segment is anticipated to account for a substantial share of the market owing to the wide range of applications for brain-computer interface technology in the treatment of neurological conditions and sleep disorders. Furthermore, the BCI technology is rapidly being used in the treatment of paralyzed patients as well as in the investigation of neuroscience.

Medicine segment to register a healthy growth rate during the forecast period

In terms of end-users, the brain computer interface market is divided into communication, gaming, manufacturing, medicine, military, and others. The medicine segment is expected to register a healthy growth rate during the forecast period owing to the important role that BCI technology plays in supporting impaired patients. BCI enables people suffering from disorders such as epilepsy, Parkinsonism, paralysis, and Alzheimer's disease to perform the activities such as operating prosthetics and wheelchairs on their own.

North America is expected to dominate the market

In terms of regions, the market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the substantial R&D investments and a huge number of clinical trials on neural devices in the region. Furthermore, increased rates of neurological diseases such as Alzheimer's, Parkinson's and Huntington's disease are key drivers of the regional market expansion. Moreover, rising demand for immersive gaming is projected to drive the development of new technologies such as augmented brain computer interface, which is anticipated to accelerate the region's adoption of BCI technology.

Segments

Segments Covered in the Report:

By Types

Invasive Brain Computer Interface
Non-invasive Brain Computer Interface
Partially Invasive Brain Computer Interface
Others

By Applications

Communication & Control
Entertainment & Gaming
Healthcare
- Brain Function Repair
- Disabilities Restoration
Smart Home Control

By End-users

Communication
Gaming
Manufacturing
Medicine
Military
Others

By Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

By Key Players

Bitbrain Technologies
Nihon Kohden Corporation
Paradromics
Natus Medical, Inc.
EMOTIV
Integra Life Sciences Corporation
NEURALINK
Compumedics, Ltd.
NeuroSky
Advanced Brain Monitoring Inc.

Competitive Landscape

Key players in the global brain computer interface market are Bitbrain Technologies; Nihon Kohden Corporation; Paradromics; Natus Medical, Inc.; EMOTIV; Integra Life Sciences Corporation; NEURALINK; Compumedics, Ltd.; NeuroSky; and Advanced Brain Monitoring Inc. These players have actively engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Brain Computer Interface Market by key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Brain Computer Interface Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Brain Computer Interface Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Brain Computer Interface Market - Supply Chain
  4.5. Global Brain Computer Interface Market Forecast
     4.5.1. Brain Computer Interface Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Brain Computer Interface Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Brain Computer Interface Market Absolute $ Opportunity
5. Global Brain Computer Interface Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Brain Computer Interface Market Size and Volume Forecast by End Users
     5.3.1. Communication
     5.3.2. Gaming
     5.3.3. Manufacturing
     5.3.4. Medicine
     5.3.5. Military
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Brain Computer Interface Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Brain Computer Interface Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Brain Computer Interface Demand Share Forecast, 2019-2026
7. North America Brain Computer Interface Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Brain Computer Interface Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Brain Computer Interface Market Size and Volume Forecast by End Users
     7.4.1. Communication
     7.4.2. Gaming
     7.4.3. Manufacturing
     7.4.4. Medicine
     7.4.5. Military
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Brain Computer Interface Demand Share Forecast, 2019-2026
8. Latin America Brain Computer Interface Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Brain Computer Interface Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Brain Computer Interface Market Size and Volume Forecast by End Users
     8.4.1. Communication
     8.4.2. Gaming
     8.4.3. Manufacturing
     8.4.4. Medicine
     8.4.5. Military
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Brain Computer Interface Demand Share Forecast, 2019-2026
9. Europe Brain Computer Interface Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Brain Computer Interface Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Brain Computer Interface Market Size and Volume Forecast by End Users
     9.4.1. Communication
     9.4.2. Gaming
     9.4.3. Manufacturing
     9.4.4. Medicine
     9.4.5. Military
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Brain Computer Interface Demand Share Forecast, 2019-2026
10. Asia Pacific Brain Computer Interface Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Brain Computer Interface Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Brain Computer Interface Market Size and Volume Forecast by End Users
     10.4.1. Communication
     10.4.2. Gaming
     10.4.3. Manufacturing
     10.4.4. Medicine
     10.4.5. Military
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Brain Computer Interface Demand Share Forecast, 2019-2026
11. Middle East & Africa Brain Computer Interface Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Brain Computer Interface Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Brain Computer Interface Market Size and Volume Forecast by End Users
     11.4.1. Communication
     11.4.2. Gaming
     11.4.3. Manufacturing
     11.4.4. Medicine
     11.4.5. Military
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Brain Computer Interface Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Brain Computer Interface Market: Market Share Analysis
  12.2. Brain Computer Interface Distributors and Customers
  12.3. Brain Computer Interface Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Bitbrain Technologies
     12.4.2. Nihon Kohden Corporation
     12.4.3. Paradromics
     12.4.4. Natus Medical, Inc.
     12.4.5. EMOTIV
     12.4.6. Integra Life Sciences Corporation
     12.4.7. NEURALINK
     12.4.8. Comp

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