Global Brain Computer Interface (BCI) Market 2022-2028

Global Brain Computer Interface (BCI) Market 2022-2028

A brain-computer interface (BCI) is a computer-based system that acquires brain signals, analyzes them, and translates them into commands that are relayed to an output device to carry out a desired action. Implementations of BCIs range from non-invasive (EEG, MEG, EOG, MRI) and partially invasive (ECoG and endovascular) to invasive (microelectrode array), based on how close electrodes get to brain tissue. The main goal of BCI is to replace or restore useful function to people disabled by neuromuscular disorders such as amyotrophic lateral sclerosis, cerebral palsy, stroke, or spinal cord injury. From initial demonstrations of electroencephalography-based spelling and single-neuron-based device control, researchers have gone on to use electroencephalographic, intracortical, electrocorticographic, and other brain signals for increasingly complex control of cursors, robotic arms, prostheses, wheelchairs, and other devices. The global brain computer interface market was estimated at USD 1,771 million in 2021 and is expected to hit USD 3,608 million by 2028, registering a CAGR of 10.7% from 2022 to 2028 as per the latest report by Gen Consulting Company.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global brain computer interface market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the brain computer interface industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, component, application, and region. The global market for brain computer interface can be segmented by product: invasive brain–computer interface,, partially invasive brain–computer interface, non-invasive brain–computer interface. The non-invasive brain–computer interface segment held the largest share of the global brain computer interface market in 2021 and is anticipated to hold its share during the forecast period. Brain computer interface market is further segmented by component: hardware, software. Based on application, the brain computer interface market is segmented into: medical and healthcare, communication and control, entertainment and gaming, smart home control. The medical and healthcare segment was the largest contributor to the global brain computer interface market in 2021. On the basis of region, the brain computer interface market also can be divided into: North America, Asia Pacific, Europe, Rest of the World (ROW).

By product:

• invasive brain–computer interface,
• partially invasive brain–computer interface
• non-invasive brain–computer interface

By component:

• hardware
• software

By application:

• medical and healthcare
• communication and control
• entertainment and gaming
• smart home control

By region:

• North America
• Asia Pacific
• Europe
• Rest of the World (ROW)

The report also provides a detailed analysis of several leading brain computer interface market vendors that include Advanced Brain Monitoring, Inc., ANT Neuro b.v., Brain Products GmbH, Cerora, Inc., Compumedics Limited, Cortech Solutions, Inc., Emotiv, Inc., g.tec medical engineering GmbH, INTEGRA LIFESCIENCES HOLDINGS CORP., Neuroelectrics Barcelona, SLU, NeuroSky, Inc., Nihon Kohden Corporation, OpenBCI, Ripple Neuro, among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global brain computer interface market.
• To classify and forecast the global brain computer interface market based on product, component, application, region.
• To identify drivers and challenges for the global brain computer interface market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global brain computer interface market.
• To identify and analyze the profile of leading players operating in the global brain computer interface market.

Why Choose This Report

• Gain a reliable outlook of the global brain computer interface market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.