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The global brain-computer interface market is expected to grow from USD 0.95 billion in 2019 to USD 3.34 billion by 2027, at a CAGR of 17.59% during the forecast period 2020-2027.
A direct communication pathway between a wired brain and an external device is known as a brain-computer interface. Brain-computer interface is used to calibrate the movement in physically challenged individuals. It acts as a channel between the human brain and computer system. Brain-computer interface transforms the human brain into a control signal, including healthcare, utilized in various applications, and entertainment and robotics. It also helps people with a special ability to communicate with other people. The Brain-Computer Interface is also referred to as direct neural interface (DNI), mind-machine interface (MMI), or brain-machine interface (BMI). Brain-computer interface intercepts the electrical signals that passed between the neurons and transmit them to an external device.
The factors influencing the growth of the market are human sensing, development in computation, communication, entertainment, gaming, control, increasing R&D for advancement in treatment options for conditions like brain disorders, fatal injuries, sleep disorders, and cerebrovascular diseases. The increasing use of brain-computer interface in military communication, virtual gaming, and home control system is also anticipated to show significant growth in the market. Factor restraining the market growth is the higher cost of investment in brain-computer interface technology.
This study delivers a comprehensive analysis of application, product, end-user, and region. The application segment includes smart home control, gaming and entertainment, healthcare, communication and control, and others. Healthcare segment is expected to show a significant growth in the market, owing to the rising demand for technology for treating sleeping disorders, paralytic patients, and neurological diseases. Smart home control segment is expected to show a significant growth, owing to the rapid development of improved lifestyles, security monitoring and operating entertainment systems and appliances. Based on the product, the market is segmented into invasive, non-invasive, and partially invasive. Non- invasive segment holds the largest share in the market, due to applicability in products like gaming sticks, amplifiers, and headsets. Invasive segment is anticipated to grow, due to the ability of brain-computer interface technology in providing functionality to paralyzed people. Partially invasive segment is also expected to grow, due to technological advancement and easy adaptability. The end-user segment includes military, gaming and communication, medicine, and manufacturing. Medical segment dominates the market growth, due to the important role of brain-computer interface technology in assisting disabled patients suffering from diseases like paralysis, parkinsonism, Alzheimer’s, and epilepsy. The military segment is anticipated to grow, due to increased use of brain-computer interface during war activities.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. With the increased R&D investments and a large number of clinical trials being conducted on brain devices, the market is dominated by North America. The Asia-Pacific is anticipated to dominate the market, owing to increasing healthcare expenditure, significant untapped opportunities, and growing awareness amongst patients. Developing countries like China and India shows tremendous growth in the brain-computer interface market, owing to the increasing use of sensor technologies and improving healthcare infrastructure.
Some of the notable players in the market are PLC, Mind Technologies Inc., Natus Medical Inc., Covidien, Compumedics Ltd., Integra Life Sciences Corporation, Advanced Brain Monitoring Inc., CAS Medical Corporation, and Nihon Kohden Corporation. In June 2019, Carnegie Mellon University collaborated with the University of Minnesota. It developed the first mind-controlled robotic arm using brain-computer interface technology which can track and follow computer cursor.
Global Brain Computer Interface Market, by Application
Global Brain Computer Interface Market, by Product
Global Brain Computer Interface Market, by End-user
Global Brain Computer Interface Market, by Region
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Application
4.3.2. Market Attractiveness Analysis By Product
4.3.3. Market Attractiveness Analysis By End-User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restraints
5.4. Opportunities
5.5. Challenges
6. Global Brain Computer Interface Market Analysis and Forecast, By Application
6.1. Segment Overview
6.2. Smart Home Control
6.3. Gaming and Entertainment
6.4. Healthcare
6.5. Communication and Control
6.6. Others
7. Global Brain Computer Interface Market Analysis and Forecast, By Product
7.1. Segment Overview
7.2. Invasive
7.3. Non-Invasive
7.4. Partially Invasive
8. Global Brain Computer Interface Market Analysis and Forecast, By End-User
8.1. Segment Overview
8.2. Military
8.3. Gaming and Communication
8.4. Medicine
8.5. Manufacturing
9. Global Brain Computer Interface Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Brain Computer Interface Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in Global Brain Computer Interface Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. PLC
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Mind Technologies Inc.
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Natus Medical Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Covidien
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Compumedics Ltd.
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Integra Life Sciences Corporation
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Advanced Brain Monitoring Inc.
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
List of Table
1. Global Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
2. Global Smart Home Control In Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
3. Global Gaming and Entertainment In Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
4. Global Healthcare In Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
5. Global Communication and Control In Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
6. Global Others In Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
7. Global Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
8. Global Invasive, Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
9. Global Non-Invasive, Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
10. Global Partially Invasive, Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
11. Global Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
12. Global Military, Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
13. Global Gaming and Communication, Brain Computer Interface Market, By Region, 2017–2027 (USD Billion)
14. Global Medicine, Brain Computer Interface Market, By Region, 2017–2027 (USD Billion)
15. Global Manufacturing, Brain Computer Interface Market, By Region, 2017–2027 (USD Billion)
16. Global Brain Computer Interface Market, By Region, 2017–2027(USD Billion)
17. Global Brain Computer Interface Market, By North America, 2017–2027(USD Billion)
18. North America Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
19. North America Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
20. North America Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
21. U.S. Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
22. U.S. Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
23. U.S. Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
24. Canada Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
25. Canada Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
26. Canada Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
27. Mexico Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
28. Mexico Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
29. Mexico Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
30. Europe Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
31. Europe Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
32. Europe Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
33. Germany Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
34. Germany Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
35. Germany Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
36. France Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
37. France Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
38. France Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
39. U.K. Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
40. U.K. Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
41. U.K. Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
42. Italy Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
43. Italy Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
44. Italy Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
45. Spain Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
46. Spain Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
47. Spain Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
48. Asia Pacific Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
49. Asia Pacific Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
50. Asia Pacific Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
51. Japan Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
52. Japan Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
53. Japan Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
54. China Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
55. China Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
56. China Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
57. India Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
58. India Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
59. India Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
60. South America Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
61. South America Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
62. South America Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
63. Brazil Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
64. Brazil Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
65. Brazil Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
66. Middle East and Africa Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
67. Middle East and Africa Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
68. Middle East Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
69. UAE Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
70. UAE Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
71. UAE Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
72. South Africa Brain Computer Interface Market, By Application, 2017–2027(USD Billion)
73. South Africa Brain Computer Interface Market, By Product, 2017–2027(USD Billion)
74. South Africa Brain Computer Interface Market, By End-User, 2017–2027(USD Billion)
List of Figures
1. Global Brain Computer Interface Market Segmentation
2. Brain Computer Interface Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Brain Computer Interface Market Attractiveness Analysis By Application
9. Global Brain Computer Interface Market Attractiveness Analysis By Product
10. Global Brain Computer Interface Market Attractiveness Analysis By End-User
11. Global Brain Computer Interface Market Attractiveness Analysis By Region
12. Global Brain Computer Interface Market: Dynamics
13. Global Brain Computer Interface Market Share By Application (2019 & 2027)
14. Global Brain Computer Interface Market Share By Product (2019 & 2027)
15. Global Brain Computer Interface Market Share By End-User (2019 & 2027)
16. Global Brain Computer Interface Market Share by Regions (2019 & 2027)
17. Global Brain Computer Interface Market Share by Company (2019)
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