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Report
Brain Computer Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-02 I 149 Pages I IMARC Group
The global brain computer interface market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.8% during 2022-2028.
A brain computer interface (BCI) is a system used for acquiring, analyzing, and translating brain signals into commands using an artificial output device. This device assists in replacing, restoring, enhancing, supplementing, and improving the functions of the central nervous system (CNS). BCI replaces or restores the useful function of individuals suffering from neuromuscular disorders, such as cerebral palsy, amyotrophic lateral sclerosis, or spinal cord injury. It is also useful for rehabilitation after stroke or other disorders. As it finds extensive application in communicating and controlling patients with severe paralysis or in the locked-in syndrome (LIS), its demand is escalating around the world.
Brain Computer Interface Market Trends:
The rising geriatric population, coupled with the increasing prevalence of neurodegenerative disorders such as epilepsy and Alzheimer's and Parkinson's diseases, represents one of the key factors strengthening the growth of the market. Additionally, there is a rise in the integration of BCI technologies with several healthcare applications. This, in confluence with the increasing focus on using BCI technologies to control internet of things (IoT) devices and virtual reality (VR) applications, is propelling the market growth. Moreover, on account of its high accuracy and reliability and improved security monitoring, BCI technology finds application in controlling smart home applications and activities, such as opening and closing doors and windows and operating the television or music system. Furthermore, technological advancements in bio-sensing, nanotechnology, bio-signal processing, and neuro-imaging techniques, along with increasing investments in research and development (R&D) activities, are offering a positive outlook to the market. Besides this, the increasing adoption of BCI in the defense and military sector is anticipated to stimulate the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global brain computer interface market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product and application.
Breakup by Product:
Invasive BCI
Partially Invasive BCI
Non-invasive BCI
Breakup by Application:
Healthcare
Smart Home Control
Communication and Control
Entertainment and Gaming
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Brain Monitoring Inc., ANT Neuro, Compumedics Limited, EMOTIV, Medtronic plc, Natus Medical Incorporated, NeuroSky Inc., Nihon Kohden Corporation and NIRx Medical Technologies LLC.
Key Questions Answered in This Report
1. What was the size of the global brain computer interface market in 2022?
2. What is the expected growth rate of the global brain computer interface market during 2023-2028?
3. What are the key factors driving the global brain computer interface market?
4. What has been the impact of COVID-19 on the global brain computer interface market?
5. What is the breakup of the global brain computer interface market based on the product?
6. What is the breakup of the global brain computer interface market based on the application?
7. What are the key regions in the global brain computer interface market?
8. Who are the key players/companies in the global brain computer interface market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Brain Computer Interface Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Product
6.1Invasive BCI
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Partially Invasive BCI
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Non-invasive BCI
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Application
7.1Healthcare
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Smart Home Control
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Communication and Control
7.3.1 Market Trends
7.3.2 Market Forecast
7.4Entertainment and Gaming
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Region
8.1North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
13.3.1Advanced Brain Monitoring Inc.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2ANT Neuro
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3Compumedics Limited
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4EMOTIV
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5Medtronic plc
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6Natus Medical Incorporated
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7NeuroSky Inc.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8Nihon Kohden Corporation
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.8.3 Financials
13.3.8.4 SWOT Analysis
13.3.9NIRx Medical Technologies LLC
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
Figure 1: Global: Brain Computer Interface Market: Major Drivers and Challenges
Figure 2: Global: Brain Computer Interface Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Brain Computer Interface Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Brain Computer Interface Market: Breakup by Product (in %), 2022
Figure 5: Global: Brain Computer Interface Market: Breakup by Application (in %), 2022
Figure 6: Global: Brain Computer Interface Market: Breakup by Region (in %), 2022
Figure 7: Global: Brain Computer Interface (Invasive BCI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Brain Computer Interface (Invasive BCI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Brain Computer Interface (Partially Invasive BCI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Brain Computer Interface (Partially Invasive BCI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Brain Computer Interface (Non-invasive BCI) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Brain Computer Interface (Non-invasive BCI) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Brain Computer Interface (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Brain Computer Interface (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Brain Computer Interface (Smart Home Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Brain Computer Interface (Smart Home Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Brain Computer Interface (Communication and Control) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Brain Computer Interface (Communication and Control) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Brain Computer Interface (Entertainment and Gaming) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Brain Computer Interface (Entertainment and Gaming) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: North America: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: North America: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: United States: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: United States: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Canada: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Canada: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Asia-Pacific: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Asia-Pacific: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: China: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: China: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Japan: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Japan: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: India: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: India: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: South Korea: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: South Korea: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Australia: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Australia: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Indonesia: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Indonesia: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Others: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Others: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Europe: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Europe: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Germany: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Germany: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: France: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: France: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United Kingdom: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United Kingdom: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Italy: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Italy: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Spain: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Spain: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Russia: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Russia: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Others: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Others: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Latin America: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Latin America: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Brazil: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Brazil: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Mexico: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Mexico: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Middle East and Africa: Brain Computer Interface Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Middle East and Africa: Brain Computer Interface Market: Breakup by Country (in %), 2022
Figure 69: Middle East and Africa: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Global: Brain Computer Interface Industry: SWOT Analysis
Figure 71: Global: Brain Computer Interface Industry: Value Chain Analysis
Figure 72: Global: Brain Computer Interface Industry: Porter's Five Forces Analysis
Table 1: Global: Brain Computer Interface Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Brain Computer Interface Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Brain Computer Interface Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Brain Computer Interface Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Brain Computer Interface Market: Competitive Structure
Table 6: Global: Brain Computer Interface Market: Key Players
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