Press release
Brain Computer Interface (BCI) Market Landscape Assessment By Type, Opportunities and Higher Mortality Rates by 2027
The objectives of this study are as follows:
• To define, describe, and forecast the "Brain Computer Interface (BCI)" market by type, application, component, delivery model, end user, and region
• To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
• To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
• To strategically profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
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Growing interest on controlling devices from human brain signal is the key factor contributes growth of global brain computer interface (BCI) market. Brain-Computer Interface (BCI) is a unidirectional communication system, which allow control of devices through brain signal. Brain Computer Interface (BCI) acts as a communication channel between human brain and the computer system. Brain-computer interface (BCI) is used to transform the human brain intentions into a control signal, utilized in various applications, including healthcare, entertainment and robotics. For example, communication system with global brain computer interface (BCI) technology, allows disabled people to interact with the external environments and communicate with other people without the need for muscular or peripheral neural activity.
Brain Computer Interface: Market Dynamics
Increasing focus on integrating brain computer interface (BCI) technology into various healthcare application, continuous focus on developing communication technology for disabled and geriatric population, and growing interest on integrating brain computer interface (BCI) technology with various military applications, are the key factors drives the growth of global brain computer interface (BCI) market.
Rising focus on utilizing brain computer interface to control internet of things (IoT) devices, smart home applications and various virtual reality applications, accelerates the growth of the growth of global brain computer interface (BCI) market.
Additionally, continues technological advancement in bio-sensing, nanotechnology, bio-signal processing and neuro-imaging techniques, and increasing R&D investments for integrating brain computer interface (BCI) technology with real-life applications, are the factors expected to fuel the growth of global brain computer interface (BCI) market.
However, lack of awareness, poor information transfer rate of brain computer interface (BCI), and technological challenges related to integration of brain computer interface (BCI) technology with other devices, are the key factors identified as the restraints likely to deter the progression of global brain computer interface (BCI) market.
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Brain Computer Interface: Segmentation
The global brain computer interface (BCI) market can be segmented on the basis of component, type, technology, application and by region
On the basis of component, the global brain computer interface (BCI) market can be segmented into
• Hardware
• Software
On the basis of type, the global brain computer interface (BCI) market can be segmented into
• Invasive BCI
• Non-invasive BCI
• Partially Invasive BCI
On the basis of technology, the global brain computer interface (BCI) market can be segmented into
• Electroencephalography (EEG)
• Magneto encephalography (MEG)
• Electrocorticography (ECoG)
• Intracortical Neuron Recording
• Functional Magnetic Resonance Imaging (fMRI)
• Near Infrared Spectroscopy (NIRS)
On the basis of applications, the global brain computer interface (BCI) market can be segmented into
• Medical & Healthcare applications
• Entertainment
• Education & Research
• Defence & Aerospace
• Home Automation
• Other (Robotics…etc.)
Regionally, the global brain computer interface (BCI) market is segmented into
• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa (MEA)
• Asia Pacific excluding Japan (APEJ)
• Japan
Brain Computer Interface: Regional Outlook
North America brain computer interface (BCI) market is expected to dominate the market, due increasing investment for developing advanced healthcare solution, and increasing R & D initiatives from educational sector, and expanding research laboratories focused on brain computer interface (BCI) development. Asia pacific brain computer interface (BCI) market is identified as the fastest growing market, due to continuous focus on sensor based technologies and continuous adaptation to advanced healthcare solution.
Brain Computer Interface: Competition Landscape
Some of the prominent vendors in the global brain computer interface (BCI) market are, Mind Solutions Inc, EMOTIV Inc., NIHON KOHDEN CORPORATION, ANT Neuro, Advanced Brain Monitoring, Inc., Cadwell Industries, Inc., NeuroSky, G.TEC MEDICAL ENGINEERING GMBH, Natus Medical Incorporated, Artinis Medical Systems, OpenBCI, and MindMaze
The report covers exhaustive analysis on:
• Global Brain Computer Interface (BCI) Market Segments
• Global Brain Computer Interface (BCI) Market Dynamics
• Historical Actual Market Size, 2013 - 2015
• Global Brain Computer Interface (BCI) Market Size & Forecast 2017 to 2027
• Supply & Demand Value Chain
• Global Brain Computer Interface (BCI) Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Global Brain Computer Interface (BCI) Market Drivers and Restraints
Regional analysis for Global Bare Metal Cloud Market includes
• North America
• US & Canada
• Latin America
• Brazil, Argentina & Others
• Western Europe
• EU5
• Nordics
• Benelux
• Eastern Europe
• Russia
• Poland
• Rest of Eastern Europe
• Asia Pacific
• Australia and New Zealand (ANZ)
• Greater China
• India
• ASEAN
• Rest of Asia Pacific
• Japan
• Middle East and Africa
• GCC Countries
• Other Middle East
• North Africa
• South Africa
• Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights:
• Detailed overview of parent market
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and product offerings
• Potential and niche segments/regions exhibiting promising growth
• A neutral perspective towards market performance
• Must-have information for market players to sustain and enhance their market footprint
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