Global Neural Control Interface Market Growth (Status and Outlook) 2023-2029

Global Neural Control Interface Market Growth (Status and Outlook) 2023-2029

Neuro-controlled BRAIN-machine interfaces are the direct connections created between the human or animal brain (or culture of brain cells) and external devices.
In the case of a one-way BRAIN-computer interface, the computer either receives commands from the brain or sends signals to the brain (such as video reconstruction), but not both.
Bidirectional BRAIN-computer interfaces allow two-way information exchange between the brain and external devices.
LPI (LP Information)' newest research report, the “Neural Control Interface Industry Forecast” looks at past sales and reviews total world Neural Control Interface sales in 2022, providing a comprehensive analysis by region and market sector of projected Neural Control Interface sales for 2023 through 2029. With Neural Control Interface sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Neural Control Interface industry.
This Insight Report provides a comprehensive analysis of the global Neural Control Interface landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Neural Control Interface portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Neural Control Interface market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Neural Control Interface and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Neural Control Interface.
The global Neural Control Interface market size is projected to grow from US$ 342.6 million in 2022 to US$ 885.2 million in 2029; it is expected to grow at a CAGR of 14.5% from 2023 to 2029.
The first category, mainly non-invasive BRAIN-computer interfaces, has a relatively large share of the global market, accounting for about 87.04% in 2019.
The other major category is invasive BRAIN-computer interfaces, which are attractive to many companies because they can implement more complex functions in the future.The leading players in the BCI market are NeuroPace Inc., Mindmaze SA, Ctrl-Labs (Facebook), BrainCo, Brain Products GmbH, G.MAZE, Emotiv Inc, Blackrock Microsystems LLC, InteraXon, NeuroSky, Inc.
These top companies now account for more than 57 per cent of the total market share and are expected to maintain their dominance over the forecast period.
But it is also more technically difficult.
Invasive BCI technology will account for 12.24% of the market by 2020.
From the regional perspective, the North American market share in 2019 is large, accounting for 62.10% of the market, which will maintain steady growth in the next few years.
Europe and China, with market shares of 28.12% and 2.94% respectively, will continue to play an important role that cannot be ignored.
This report presents a comprehensive overview, market shares, and growth opportunities of Neural Control Interface market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Invasive
Noninvasive
Segmentation by application
Health Care
Games and Entertainment
Communication
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
NeuroPace Inc
Mindmaze SA
CTRL-Labs (Facebook)
BrainCo
Brain Products GmbH
G.TEC
Emotiv Inc
Blackrock Microsystems LLC
InteraXon
NeuroSky, Inc.
Compumedics Limited
Neurable
Advanced Brain Monitoring
ANT Neuro B.V
Neuroelectrics
Artinis Medical Systems BV

Please note: The report will take approximately 2 business days to prepare and deliver.