Global Brain Computer Interface Market 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
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
- 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.
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 (000’ 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
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
- 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.
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.
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