The Global Brain Computer Interface Market size was estimated to be US$ 1.4 billion in 2019 and is expected to grow at a CAGR of 13% through 2030. A brain-computer interface (BCI) is a computer-based software package that obtains, examines, and transforms brain signals into commands transmitted to an output device to execute the preferred action. BCI is a unidirectional communication system that allows control of devices through brain signals. BCI acts as a communication network between the computer system and the human brain. BCI is used to convert the human brain intents into a control signal, used in several applications, comprising healthcare, entertainment, and robotics. For instance, a communication system with global brain-computer interface technology enables disabled people to communicate with outside environments and interact with other people without the necessity for muscular or peripheral neural action. Growing frequency of neurodegenerative diseases like Alzheimer’s, Parkinson’s and epilepsy are anticipated to propel the demand for BCI devices in the course of evaluation period. As stated by a World Health Organization statistic, around 82 Million people will be affected by dementia by 2030 and this would reach 152 Million by the year 2050. This specifies the prospective demand for BCI devices in the imminent years.
North America led the BCI market in 2019 with about 42.3 percent market share. The highest share is attributable to the growing occurrences of neurodegenerative diseases such as Huntington's disease, Alzheimer's, and Parkinson's coupled with the increasing popularity of virtual gaming. Furthermore, increasing research and development investments and a huge number of clinical trials being carried out on BCI devices are also boosting the market growth.
The APAC region is anticipated to record the uppermost growth rate in the course of the assessment timeframe. Considerable existing opportunities, rising healthcare expenses, and budding consciousness among patients are estimated to impel the demand for BCI gadgets. Furthermore, reasonable manufacturing locations and encouraging tax system programs in this region have lured foreign corporations to spend in this beneficial market.
Brain Computer Interface Market Share Analysis, by Geography (2021)
The report titled “Brain Computer Interface Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032” wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global brain computer interface market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global brain computer interface market is segmented depending on product, end-users, application and geography. By product, the BCI market consist of invasive, non-invasive, partially invasive, and others. The brain computer interface market on the basis of application is divided into Healthcare (Disabilities Restoration, Brain Function Repair), Smart Home Control, Communication and Control, Entertainment and Gaming. Based on geography, the global brain computer interface market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Indonesia, Australia, Taiwan, South Korea, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on brain computer interface. Further, market share of prominent companies in the global brain computer interface market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the major companies. The global brain computer interface market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the BCI business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global brain computer interface market.
Major players active in the global brain computer interface market consist of NeuroSky, MindMaze, EMOTIV Inc., OpenBCI, ANT Neuro, Artinis Medical Systems, Advanced Brain Monitoring, Inc., G.TEC MEDICAL ENGINEERING GMBH, Cadwell Industries, Inc., Natus Medical Incorporated, NIHON KOHDEN CORPORATION, and Mind Solutions Inc.
Segmentation:
By Product:
- Invasive
- Non-invasive
- Partially Invasive
- Others
By Application:
- Healthcare
- Disabilities Restoration
- Brain Function Repair
- Smart Home Control
- Communication and Control
- Entertainment and Gaming
By Geography:
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
1. Introduction 1.1. Research Objectives 1.2. Report Assumptions 1.3. Research Methodology 1.4. Abbreviations 2. Preface 2.1. Market Definition 2.2. Report Scope and Market Segmentation 2.3. Research Highlights 3. Market Synopsis: Global Brain Computer Interface Market 4. Global Brain Computer Interface Market Qualitative Analysis 4.1. Ecosystem Analysis 4.1.1. Role of participants 4.1.2. Integration scenario 4.2. Trends 4.2.1. Market trends 4.2.2. Technology Trends 4.3. PESTEL Analysis (For 5 prominent countries) 4.4. Market Influencers 4.4.1. Driving Forces 4.4.2. Hindering Forces 4.4.3. Opportunities 4.5. Rules & Regulations 5. Global Brain Computer Interface Market Analysis and Forecast, by Product 5.1. Overview and definitions 5.2. Key segment analysis 5.3. Global Brain Computer Interface Market Estimates (US$ Mn), by Product, 2018 – 2030 5.3.1. Invasive 5.3.2. Non-invasive 5.3.3. Partially invasive 5.3.4. Others 6. Global Brain Computer Interface Market Analysis and Forecast, by Application 6.1. Overview and definitions 6.2. Key segment analysis 6.3. Global Brain Computer Interface Market Estimates (US$ Mn), by Application, 2018 – 2030 6.3.1. Healthcare 6.3.2. Smart Home Control 6.3.3. Communication & Control 6.3.4. Entertainment & Gaming 7. Global Brain Computer Interface Market Analysis and Forecast, by End Use 7.1. Overview and definitions 7.2. Key segment analysis 7.3. Global Brain Computer Interface Market Estimates (US$ Mn), by End Use, 2018 – 2030 7.3.1. Medical 7.3.2. Military 7.3.3. Others 8. Global Brain Computer Interface Market Analysis and Forecast, by Region 8.1. Overview and definitions 8.2. Key segment analysis 8.3. Global Brain Computer Interface Market Estimates (US$ Mn), by Region, 2018 – 2030 8.3.1. North America 8.3.2. Europe 8.3.3. Asia Pacific 8.3.4. Middle East & Africa 8.3.5. South America 9. North America Brain Computer Interface Market Analysis and Forecast 9.1. Overview and definitions 9.2. Key segment analysis 9.3. North America Brain Computer Interface Market Estimates (US$ Mn), by Product, 2018 – 2030 9.3.1. Invasive 9.3.2. Non-invasive 9.3.3. Partially invasive 9.3.4. Others 9.4. North America Brain Computer Interface Market Estimates (US$ Mn), by Application, 2018 – 2030 9.4.1. Healthcare 9.4.2. Smart Home Control 9.4.3. Communication & Control 9.4.4. Entertainment & Gaming 9.5. North America Brain Computer Interface Market Estimates (US$ Mn), by End Use, 2018 – 2030 9.5.1. Medical 9.5.2. Military 9.5.3. Others 9.6. North America Brain Computer Interface Market Estimates (US$ Mn), Country, 2018 – 2030 9.6.1. The U.S. 9.6.2. Canada 9.6.3. Rest of North America 10. Europe Brain Computer Interface Market Analysis and Forecast 10.1. Overview and definitions 10.2. Key segment analysis 10.3. Europe Brain Computer Interface Market Estimates (US$ Mn), by Product, 2018 – 2030 10.3.1. Invasive 10.3.2. Non-invasive 10.3.3. Partially invasive 10.3.4. Others 10.4. Europe Brain Computer Interface Market Estimates (US$ Mn), by Application, 2018 – 2030 10.4.1. Healthcare 10.4.2. Smart Home Control 10.4.3. Communication & Control 10.4.4. Entertainment & Gaming 10.5. Europe Brain Computer Interface Market Estimates (US$ Mn), by End Use, 2018 – 2030 10.5.1. Medical 10.5.2. Military 10.5.3. Others 10.6. Europe Brain Computer Interface Market Estimates (US$ Mn), Country, 2018 – 2030 10.6.1. Germany 10.6.2. United Kingdom 10.6.3. Belgium 10.6.4. Spain 10.6.5. Rest of Europe 11. Asia Pacific Brain Computer Interface Market Analysis and Forecast 11.1. Overview and definitions 11.2. Key segment analysis 11.3. Asia Pacific Brain Computer Interface Market Estimates (US$ Mn), by Product, 2018 – 2030 11.3.1. Invasive 11.3.2. Non-invasive 11.3.3. Partially invasive 11.3.4. Others 11.4. Asia Pacific Brain Computer Interface Market Estimates (US$ Mn), by Application, 2018 – 2030 11.4.1. Healthcare 11.4.2. Smart Home Control 11.4.3. Communication & Control 11.4.4. Entertainment & Gaming 11.5. Asia Pacific Brain Computer Interface Market Estimates (US$ Mn), by End Use, 2018 – 2030 11.5.1. Medical 11.5.2. Military 11.5.3. Others 11.6. Asia Pacific Brain Computer Interface Market Estimates (US$ Mn), Country, 2018 – 2030 11.6.1. Japan 11.6.2. India 11.6.3. China 11.6.4. Australia 11.6.5. Rest of Asia Pacific 12. Middle East & Africa Brain Computer Interface Market Analysis and Forecast 12.1. Overview and definitions 12.2. Key segment analysis 12.3. Middle East & Africa Brain Computer Interface Market Estimates (US$ Mn), by Product, 2018 – 2030 12.3.1. Invasive 12.3.2. Non-invasive 12.3.3. Partially invasive 12.3.4. Others 12.4. Middle East & Africa Brain Computer Interface Market Estimates (US$ Mn), by Application, 2018 – 2030 12.4.1. Healthcare 12.4.2. Smart Home Control 12.4.3. Communication & Control 12.4.4. Entertainment & Gaming 12.5. Middle East & Africa Brain Computer Interface Market Estimates (US$ Mn), by End Use, 2018 – 2030 12.5.1. Medical 12.5.2. Military 12.5.3. Others 12.6. Middle East & Africa Brain Computer Interface Market Estimates (US$ Mn), Country, 2018 – 2030 12.6.1. Saudi Arabia 12.6.2. UAE 12.6.3. Rest of Middle East 13. South America Brain Computer Interface Market Analysis and Forecast 13.1. Overview and definitions 13.2. Key segment analysis 13.3. South America Brain Computer Interface Market Estimates (US$ Mn), by Product, 2018 – 2030 13.3.1. Invasive 13.3.2. Non-invasive 13.3.3. Partially invasive 13.3.4. Others 13.4. South America Brain Computer Interface Market Estimates (US$ Mn), by Application, 2018 – 2030 13.4.1. Healthcare 13.4.2. Smart Home Control 13.4.3. Communication & Control 13.4.4. Entertainment & Gaming 13.5. South America Brain Computer Interface Market Estimates (US$ Mn), by End Use, 2018 – 2030 13.5.1. Medical 13.5.2. Military 13.5.3. Others 13.6. South America Brain Computer Interface Market Estimates (US$ Mn), Country, 2018 – 2030 13.6.1. Brazil 13.6.2. Rest of South America 14. Competition Analysis – Brain Computer Interface Market 14.1. Market Composition 14.2. Market Share Analysis (%), by Supplier (2019) 14.3. Company Profiles 14.3.1. NeuroSky 14.3.1.1. Business overview 14.3.1.2. Management 14.3.1.3. Geographic presence 14.3.1.4. Product portfolio 14.3.1.5. Financial facts 14.3.1.6. Channel partners 14.3.1.7. Relevant news and strategic view 14.3.2. MindMaze 14.3.3. EMOTIV Inc. 14.3.4. OpenBCI 14.3.5. ANT Neuro 14.3.6. Artinis Medical Systems 14.3.7. Advanced Brain Monitoring, Inc. 14.3.8. G.TEC MEDICAL ENGINEERING GMBH 14.3.9. Cadwell Industries, Inc. 14.3.10. Natus Medical Incorporated 14.3.11. NIHON KOHDEN CORPORATION 14.3.12. Mind Solutions Inc. 15. Conclusion & Recommendations
