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Global Brain Computer Interface Market: By Type: Invasive, Non-Invasive, Partially Invasive; By Application: Healthcare, Communication and Control, Gaming and Entertainment, Smart Home Control; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Brain Computer Interface Market Outlook

The global brain computer interface market stood at a value of around USD 1.43 billion in 2020. The market is further expected to grow at a CAGR of 16% in the forecast period of 2023-2028 to attain a value of USD 3.39 billion by 2026.

 

Global Brain Computer Interface Market

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Non-Invasive Segment to Account for a Substantial Market Share of the Global Brain Computer Interface Industry

Based on type, the non-invasive segment is predicted to hold a significant market share in the brain computer interface industry, owing to its feasibility in usage, as non-invasive BCI does not require a person to undergo surgery. These can be used in headsets and gaming sticks, among others. Meanwhile, in terms of application, the medical segment is estimated to make a considerable contribution to the overall growth of the global brain computer interface industry due to its increased research and development in the implementation of BCI mechanisms in helping patients with severe disorders such as Parkinson's, epilepsy, and Alzheimer's, among others.

 

North America to Occupy a Significant Market Share in the Global Brain Computer Interface Industry

North America is estimated to hold a substantial share of the brain computer interface industry in the forecast period. This growth can be attributed to the increased investments in the research and development of the BCI technology and several clinical trials being conducted in the region. This is due to the rising number of cases of neurological disorders in the region and a growing geriatric population, as most cases of a neurological disorders can be attributed to old age. According to the World Population Report issued by the UN in 2019, population ageing is expected to increase exceedingly in all parts of the world. The ratio in North America is expected to rise from 30 persons aged above 65 per 100 people in 2019 to 49 people aged above 65 per 100 people in 2050. Another factor influencing the market growth is the increasing demand for virtual and immersive gaming experiences through devices such as VR headsets.

 

Brain Computer Interface: Market Segmentation

The brain computer interface (BCI) technology allows people to interact with digital devices through their brain activity. BCI analyses and measures brain activity, that is, the electrical signals in the brain from the electrodes present on the scalp, on the cortex or on the cortical surface, to derive inputs, which are then translated into commands and sent to the devices that carry out those commands. This is a beneficial mechanism for people with neuromuscular disabilities such as cerebral palsy and any spinal cord injury and also helps in rehabilitating patients who suffered a stroke. Multiple benefits associated with BCI include the ability to restore lost functions such as movement and the ability to enhance human functioning, like warning a sleepy driver to stay awake while driving. Some other uses of BCI include improving the gaming experience through VR (virtual reality) sets.

 

Global Brain Computer Interface Market by Segment

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By type, the market is categorised into:

  • Invasive
  • Non-Invasive
  • Partially Invasive

On the basis of application, the market can be segmented into:

  • Healthcare
  • Communication and Control
  • Gaming and Entertainment
  • Smart Home Control
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Brain Computer Interface Market by Region

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Heightened Technological Advancements and the Growing Incidents of Neurodegenerative Conditions to Drive the Global Brain Computer Interface Industry

The brain computer interface industry is estimated to witness a significant growth in the forecast period due to the considerable investments being made in the research and development of BCI technology in multiple industry verticals. In addition, the rising problems of neurological illnesses around the globe are expected to provide a thrust to the overall growth of the market, as BCI technology offers potentially promising mechanisms that are expected to efficiently help in the rehabilitation and improvement of patients suffering from neurological disorders.

According to the Neurological Disorders Report published by the WHO in 2006, a 12% increase contributed by neurological disorders in the DALYs (disability-adjusted life years) is predicted in the year 2030, globally. Out of which, 66% increase is projected by Alzheimer's and Dementia cases between 2005 to 2030. DALYs are used to calculate the overall burden of disease by counting the number of years a person lost due to a disability, an illness, or early death.

 

Key Industry Players in the Global Brain Computer Interface Market

The report gives a detailed analysis of the following key players in the global brain computer interface market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Advanced Brain Monitoring, Inc.
  • CorTec GmbH
  • EMOTIV, Inc.
  • Natus Medical Incorporated
  • g.tec medical engineering GmbH
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Invasive, Non-Invasive, Partially Invasive
Breakup by Application Healthcare, Communication and Control, Gaming and Entertainment, Smart Home Control, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Advanced Brain Monitoring, Inc., CorTec GmbH, EMOTIV, Inc., Natus Medical Incorporated, g.tec medical engineering GmbH, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Brain Computer Interface Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Brain Computer Interface Historical Market (2018-2022) 
    8.3    Global Brain Computer Interface Market Forecast (2023-2028)
    8.4    Global Brain Computer Interface Market by Type
        8.4.1    Invasive
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Non-Invasive
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Partially Invasive
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Brain Computer Interface Market by Application
        8.5.1    Healthcare
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Communication and Control
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Gaming and Entertainment
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Smart Home Control
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others
    8.6    Global Brain Computer Interface Market by Region       
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028) 
9    North America Brain Computer Interface Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Brain Computer Interface  Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Brain Computer Interface Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Brain Computer Interface Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Brain Computer Interface Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Advanced Brain Monitoring, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    CorTec GmbH
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    EMOTIV, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Natus Medical Incorporated
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    g.tec medical engineering GmbH
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Brain Computer Interface Market: Key Industry Highlights, 2018 and 2028
2.    Global Brain Computer Interface Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Brain Computer Interface Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Brain Computer Interface Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Brain Computer Interface Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Brain Computer Interface Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Brain Computer Interface Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Brain Computer Interface Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Brain Computer Interface Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global Brain Computer Interface Market Structure

Key Questions Answered in the Report

In 2020, the global brain computer interface market attained a value of nearly USD 1.43 billion.

The market is projected to grow at a CAGR of 16% between 2023 and 2028.

The major drivers of the industry, such as the increasing demand for immersive virtual reality devices in the gaming and entertainment sector, the growing geriatric population, and the rising cases of neurological disorders in the world, are expected to aid the market growth.

The key market trends guiding the industry growth include the increasing technological advancements and growing investments in research and development (R&D) of BCI technology.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The significant types of the product include invasive, non-invasive, and partially invasive.

The major applications of the product can be categorised into healthcare, communication and control, gaming and entertainment, and smart home control, among others.

The major players in the industry are Advanced Brain Monitoring, Inc., CorTec GmbH, EMOTIV Inc., Natus Medical Incorporated, g.tec medical engineering GmbH, among others.

Analyst Review

The global brain computer interface market attained a value of about USD 1.43 billion in 2020, driven by the heightened demand of brain computer interface technology in the healthcare sector. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 16%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the brain computer interface industry is divided into invasive, non-invasive, and partially invasive. On the basis of applications, the industry can be segmented into healthcare, communication and control, gaming and entertainment, and smart home control, among others. The major regional markets for brain computer interface are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Advanced Brain Monitoring, Inc., CorTec GmbH, EMOTIV Inc., Natus Medical Incorporated, and g.tec medical engineering GmbH, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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