Brain-Computer Interface Market
Global Brain-Computer Interface Market Size, Share & Trends Analysis Report by Components (Hardware, Software), By Type (Invasive (BCI), Partially Invasive (BCI), Non-Invasive (BCI)), By Application (Medical, Smart Home Control, Gaming & Virtual Reality and, Communication and Control), By Technology (Electro-Encephalography (EAG), Magneto- Encephalography (MEG), Electrocorticography (ECOG), Functional Magnetic Resonance Imaging (FMRI), and Others (Near Infrared Spectroscopy and Neuro Recording), By End-user (Healthcare, Educational & Research, Defence & Aerospace) Forecast, (2021-2027) Update Available - Forecast 2024-2030
The global brain computer interface market is anticipated to grow at a CAGR of around 14.3% during the forecast period. Brain-Computer Interface also known as the brain-machine interface, neural-control interface (NCI), mind-machine interface (MMI), is an interactive platform between the brain and the external device. A brain-computer interface system records brain signals from the cortex's surface using signalling devices implanted within the brain or sensors placed on the scalp. The factors driving the brain-computer interface market include the rising prevalence of neuroprosthetic conditions, advancements in technological developments assisting paralytic patients with communication and movement. Additionally, increasing applications of BCI technology in virtual gaming, military communications, and home control systems are also fueling the growth of the market. However, the ethical challenges associated with connecting brains to computers are the significant factors restraining the growth of the market.
Impact of COVID-19 on Brain-Computer Interface Market
COVID-19 will have a significant impact on the market in the short term due to the global supply chain has been disrupted and manufacturing facilities have been completely shut down. However, it has accelerated digitization and provided a much-needed boost to global technology adoption. The current COVID-19 outbreak has served as a stepping stone for the widespread adoption of brain-computer interface (BCI) technology in the treatment of many elderly patients with visual disabilities to improve patients' quality of life. These technologies are useful in a variety of industries, including education, healthcare, defense and aerospace, and others. BCI can be used as an assistive technology to regulate brain activity and transform specific signal features that reflect the elderly patient’s intent into commands, allowing them to improve their memory and sensory abilities during COVID-19, making it a promising tool for physical therapy. These factors may result in a positive impact on the market, fueling the growth of the brain-computer interface market during and after the COVID-19 pandemic.
Segmental Outlook
The global brain-computer interface market is segmented based on components, type, application, technology, and end-users. Based on components, the market is segregated into Hardware, and Software Based on type, the market is further segmented into invasive (BCI), partially invasive (BCI), non-invasive (BCI). Based on application, the market is segregated into medical, smart home control, gaming & virtual reality and, communication and control. Further, based on technology, the market is classified into electro-encephalography (EAG), magneto- encephalography (MEG), electrocorticography (ECOG) functional magnetic resonance imaging (FMRI), and others (Near Infrared Spectroscopy and Neuro Recording. On the basis of end-user segment, the market is categorized into healthcare, educational & research, defense & aerospace.
Brain-Computer Interface Market Share by Type, 2020 (%)
The Non-invasive (BCI) segment is estimated to have a significant share in the Global Brain-Computer Interface Market
Among types, Non-invasive (BCI) segment is projected to have a significant share during the forecast period. Non-invasive BCI systems are used as a tool for a variety of applications from communication to entertainment to rehabilitation, therefore this factor is fueling the segment's growth. Noninvasive BCIs collect data from sensors placed on or near the head. Implanting recording devices does not require surgery, and noninvasive BCIs do not employ any painful or hazardous methods. Other factors such as technological advancements and the growing popularity in entertainment and gaming are also important growth drivers for this segment. Several collaborations taking place to develop a non-invasive brain-computer interface also propelling the growth of the segment. For instance, in June 2019, a team of Carnegie Mellon University researchers, who worked in collaboration with the University of Minnesota, has made a milestone in the development of noninvasive robotic device control. The ability to control robotic devices noninvasively using only thoughts will be having broader implications, especially for paralyzed patients as well as those with movement disorders.
Regional Outlooks
The global brain-computer interface market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to have a significant share in the brain-computer interface market attributed to the driving factors that include increasing demand for advanced brain-computer interface technologies from end-user industries such as defense & aerospace, healthcare, and education & research. Furthermore, the region's large pool of technology companies and medical & non-medical device manufacturers drives the brain-computer interface market demand. The US has the largest market share among other North American countries due to the presence of major market players and investors in BCI technology, followed by Canada and Mexico.
Global Brain-Computer Interface Market Growth, by region 2021-2027
Asia-Pacific is projected to be the fastest-growing region in the global Brain-Computer Interface Market
Geographically, Asia-Pacific is estimated to be the fastest-growing region in the global brain-computer interface Market. The growth is mainly attributed to technological developments in the field of human sensing, computation, gaming, communications, and control is the major driver for the growth of the market in this region. The emerging economies such as India where healthcare infrastructure improves, along with technological advancements have significantly improved the lives of the disabled, therefore these factors are offering immense opportunities for the growth of the brain-computer interface market in the region. However, ethical issues associated with research where without obtaining informed consent using BCI to treat patients may act as a restraining factor for the growth of the market. Some of the prominent key players of the market include Nihon Kohden corps, Mind solutions Inc, Advance Monitoring Inc among others.
Market Players Outlook
The key players of the brain-computer interface market include Natus Medical Inc, Ltd., Advanced Brain Monitoring, Inc, Nihon Kohden Corps., EMOTIV, Inc, NeuroSky, Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and new product launches, to stay competitive in the market. For instance, in August 2020, Neurotechnology launched BrainAccess Development Kit. The kit includes electrodes, headwear, an electroencephalograph, EEG signal acquisition and processing software, and brain-computer interface (BCI) example algorithms for dry-contact electroencephalography (EEG). This launch will enable one to develop applications where the person can control a computer through activities such as visual focus, eye movements, relaxation state.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Brain-Computer Interface market
- Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying 'who-stands-where in the market.
1. Report Summary
1.1. Research Methods and Tools
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Brain Computer Interface Industry
• Recovery Scenario of Global Urinary Tract Infection Industry
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Regulations
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on key players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Brain Computer Interface Market by Components
5.1.1. Hardware
5.1.2. Software
5.2. Global Brain Computer Interface Market by Type
5.2.1. Invasive (BCI)
5.2.2. Partially Invasive (BCI)
5.2.3. Non-Invasive (BCI)
5.3. Global Brain Computer Interface Market by Application
5.3.1. Medical
5.3.2. Smart Home Control
5.3.3. Gaming & Virtual Reality
5.3.4. Communication And Control
5.4. Global Brain Computer Interface Market by Technology
5.4.1. Electro-Encephalography (EAG)
5.4.2. Magneto- Encephalography (MEG)
5.4.3. Electrocorticography (ECOG)
5.4.4. Functional Magnetic Resonance Imaging (FMRI)
5.4.5. Others (Near Infrared Spectroscopy and Neuro Recording)
5.5. Global Brain Computer Interface Market by End-User
5.5.1. Healthcare
5.5.2. Educational & Research
5.5.3. Defence & Aerospace
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Arimac Lanka (Private) Ltd.
7.2. Advanced Brain Monitoring, Inc.
7.3. ANT Neuro BV
7.4. Brain Products GmbH
7.5. Brain Co Inc
7.6. Cadwell Industries Inc.
7.7. Edwards Lifesciences Corp.
7.8. Compumedics Ltd.
7.9. EMOTIV, Inc.
7.10. g.tec medical engineering GmbH
7.11. Cortech Solutions, Inc.
7.12. Mindmaze SA
7.13. Medtronic PLC
7.14. Natus Medical Inc.
7.15. Neurable Inc.
7.16. Neurolutions Inc.
7.17. NeuroPace Inc.
7.18. NeuroSky, Inc.
7.19. Neurotechnology
7.20. Nihon Kohden Corp.
7.21. Soso H&C Co.
1. GLOBAL BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2020-2027 ($ MILLION)
2. GLOBAL BRAIN COMPUTER INTERFACE HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL BRAIN COMPUTER INTERFACE SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
5. GLOBAL INVASIVE BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
6. GLOBAL PARTIALLY INVASIVE BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL NON-INVASIVE BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
9. GLOBAL BRAIN COMPUTER INTERFACE FOR MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL BRAIN COMPUTER INTERFACE FOR SMART HOME CONTROL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL BRAIN COMPUTER INTERFACE FOR GAMING & VIRTUAL REALITY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL BRAIN COMPUTER INTERFACE FOR COMMUNICATION AND CONTROL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
14. GLOBAL ELECTRO-ENCEPHALOGRAPHY (EEG) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL MAGNETO- ENCEPHALOGRAPHY (MEG) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL ELECTROCORTICOGRAPHY (ECOG) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL FUNCTIONAL MAGNETIC RESONANCE IMAGING (FMRI) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
18. GLOBAL OTHERS (NEAR INFRARED SPECTROSCOPY AND NEURO RECORDING) MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
19. GLOBAL BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
20. GLOBAL HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
21. GLOBAL EDUCATIONAL & RESEARCH MARKET RESEARCH AND ANALYSIS BY REGION 2020-2027 ($ MILLION)
22. GLOBAL DEFENCE & AEROSPACE MARKET RESEARCH AND ANALYSIS BY REGION 2020-2027 ($ MILLION)
23. GLOBAL BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
24. NORTH AMERICAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. NORTH AMERICAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2020-2027 ($ MILLION)
26. NORTH AMERICAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
27. NORTH AMERICAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
28. NORTH AMERICAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
29. NORTH AMERICAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
30. EUROPEAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
31. EUROPEAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2020-2027 ($ MILLION)
32. EUROPEAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
33. EUROPEAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
34. EUROPEAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
35. EUROPEAN BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
36. ASIA-PACIFIC BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
37. ASIA-PACIFIC BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY COMPONENTS, 2020-2027 ($ MILLION)
38. ASIA-PACIFIC BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
39. 30. ASIA-PACIFIC BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
40. ASIA-PACIFIC BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
41. ASIA-PACIFIC BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
42. REST OF THE WORLD BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
43. REST OF THE WORLD BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY COMPONENTS 2020-2027 ($ MILLION)
44. REST OF THE WORLD BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TYPE, 2020-2027 ($ MILLION)
45. REST OF THE WORLD BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
46. REST OF THE WORLD BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
47. REST OF THE WORLD BRAIN COMPUTER INTERFACE MARKET RESEARCH AND ANALYSIS BY END-USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL URINARY TRACT INFECTION MARKET, 2020-2027 (% MILLION)
2. IMPACT OF COVID-19 ON GLOBAL BRAIN COMPUTER INTERFACE MARKET BY SEGMENT, 2020-2027 (% MILLION)
3. RECOVERY OF GLOBAL URINARY TRACT INFECTION MARKET, 2020-2027 (%)
4. GLOBAL BRAIN COMPUTER INTERFACE MARKET SHARE BY COMPONENTS, 2020 VS 2027 (%)
5. GLOBAL BRAIN COMPUTER INTERFACE MARKET SHARE BY TYPE, 2020 VS 2027 (%)
6. GLOBAL BRAIN COMPUTER INTERFACE MARKET SHARE BY APLICATION, 2020 VS 2027 (%)
7. GLOBAL BRAIN COMPUTER INTERFACE MARKET SHARE BY END-USER 2020 VS 2027 (%)
8. GLOBAL BRAIN COMPUTER INTERFACE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. US BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
10. CANADA BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
11. UK BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
12. FRANCE BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
13. GERMANY BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
14. ITALY BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
15. SPAIN BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
16. REST OF EUROPE BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
17. INDIA BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
18. CHINA BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
19. JAPAN BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
20. SOUTH KOREA BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
21. REST OF ASIA-PACIFIC BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
22. REST OF THE WORLD BRAIN COMPUTER INTERFACE MARKET SIZE, 2020-2027($ MILLION)
