Brain-Computer Interface Market | Emerging research
The global brain-computer interface market size is expected to reach USD 5,070.7 million in 2030 and register a revenue CAGR of 12.3% over the forecast period, according to the latest analysis from Emergen Research. Rising R&D for innovations in treatment options for chronic problems such as sleep disorders, cerebrovascular diseases, brain disorders, and life-threatening injuries are factors that are expected to support the market revenue growth between 2022 and 2030.
Increase in government projects, such as DECODER, a European research that uses a brain-computer interface to identify sensitization in non-responsive patients, is expected to drive the market growth. Many prominent market players are also focusing their efforts on increasing their presence in emerging economies such as China and Japan, which would fuel the overall market growth throughout the forecast period.
The brain-computer interface (BCI) serves as a bridge between the brain and external equipment. Human sensory-motor functions are frequently studied, assisted, mapped, supplemented or repaired using brain-computer interface (BCI) technology. Simply put, the brain-computer interface (BCI) collects and analyzes brain signals. The information is then converted into commands, which are then linked to output devices that perform the necessary actions. The main goal of the brain-computer interface (BCI) is to help people with neuromuscular diseases restore essential functions.
The market for brain-computer interface technology is driven by the ongoing technological breakthroughs in the field of virtual reality, as well as the growing applications of BCI in the communications, gaming and entertainment sectors. BCI technology encompasses a wide range of applications that aim to revolutionize communication, automation, security and entertainment.
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One of the central elements of the report is the broad segmentation of the Brain-Computer Interface market which includes range of product types, spectrum of applications, end-user industry landscape, important geographical regions and the main market competitors. The report contains unbiased opinions of industry experts on the current market scenario, past performance of the market, production and consumption rates, supply and demand ratio and generation forecast. income over the estimated period. The financial positions of key players, along with their gross profit, sales volume, sales revenue, manufacturing cost, and other financial ratios, have been accurately assessed in the report.
Some major companies in the global market report include Mind Technologies, Inc., Medtronic, Nihon Kohden Corporation, CAS Medical Systems, Inc., Advanced Brain Monitoring, Inc., EMOTIV, NeuroSky, G.Tec Medical Engineering GmbH, Integra LifeSciences and CortechSolutions, Inc.
The hardware segment accounted for the largest share of revenue in 2021. This is due to the increased use of BCI-related hardware and sensors in the digital industry. Majority of healthcare organizations have started integrating this technology to align all healthcare procedures, such as patient examination and operation, which increases the overall productivity of medical staff. This aspect will drive the growth of the brain-computer interface market.
The non-invasive BCI segment is expected to register the fastest revenue CAGR during the forecast period, due to the wide applicability of this technology for products such as amplifiers, headsets and gamepads, as well as the growing number of neurological disorders that contribute to the massive revenue generation in this market. Non-invasive brain-computer interface systems are considered the most secure as they are less intrusive, which is fueling the revenue growth of this segment.
Healthcare segment revenue is expected to grow at the fastest rate during the forecast period, owing to the widespread use of brain-computer interface technology in the treatment of neurological diseases and sleep disorders . BCI technology is increasingly used in the treatment of paralyzed people as well as in neuroscience research.
The medical segment is expected to grow at a faster rate in terms of revenue share in the global brain-computer interface market over the forecast period owing to the important role BCI technology plays in treating patients disabled.
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The global brain-computer interface market is broadly segmented on the basis of different product types, range of applications, end-use industries, key regions, and fiercely competitive landscape. This section of the report is intended solely for readers seeking to strategically select the most suitable and lucrative segments of the Brain-Computer Interface industry. Sector analysis also helps companies interested in this sector to make optimal business decisions and achieve the desired goals.
Emergen Research has segmented the global brain-computer interface market on the basis of component type, product type, application, end-use, and region:
Component Type Outlook (Revenue, USD Million; 2019-2030)
Product Type Outlook (Revenue, USD Million; 2019-2030)
partially invasive BCI
Application Outlook (Revenue, USD Million; 2019-2030)
smart home control
Communications and control
Entertainment and games
End-Use Outlook (Revenue, USD Million; 2019-2030)
Education & Research
Regional Outlook (Revenue, USD Million; 2019-2030)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA
The report demonstrates the progress and advancements made by the global Brain-Computer Interface market, including historical analysis and progress in the forecast years. The report provides valuable information for stakeholders, investors, product managers, marketing executives and other industry professionals. The report provides an accurate estimate by applying SWOT analysis and Porter’s five forces analysis. The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of major companies involved in the market.
Table of Contents Highlights:
1. Report overview
1.1 Scope of research
1.2 Key Market Segments of Brain-Computer Interface
1.3 Main players
1.4 Market Analysis by Product
1.5 Market Analysis by Application
1.6 Chronology of the report
2. Global Growth Trends
2.1 Global Brain Computer Interface Market Size
2.2 Latest Brain-Computer Interface Market Trends
2.3 Key Growth Trends
3. Competitive Landscape
3.1 Global Brain Computer Interface Market Key Players
3.2 Global Brain Computer Interface Size by Manufacturers
3.3 Major Players Products
3.4 Barriers to Entry into the Brain-Computer Interface Market
3.5 Mergers, acquisitions, joint ventures and strategic alliances
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