Brain Computer Interface Market 2020 - Growth Factors, Applications, Regional Analysis and Key Players | Emotiv, Inc., Advanced Brain Monitoring Inc. and Nihon Kohden Corporation

Rising incidences of brain disorders affecting the movements of body, Government funding triggering the use of BCI technologies, miniaturization of components adding to the growth of BCI technology market, and increasing number of gaming industries implementing BCI technologies fuel the growth of the global brain computer interface market. On the other hand, lack of expertise in implementing the BCI systems, security issues associated with BCI systems, and ethical issues related to BCI technologies restrain the growth to some extent. However, developing economies and swift use of sensor technologies are expected to create lucrative opportunities for the key players in the industry.

The key players of BCI market analyzed in the report include Advanced Brain Monitoring Inc., Nihon Kohden, and Corporation Emotiv, Inc. These players have incorporated different strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to heighten their stand in the market.

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Based on geography, the North-America region held the highest share in 2014, contributing to more than one-third of the total market. Simultaneously, the LAMEA region is predicted to showcase the fastest CAGR of 14.9% throughout the study period.

Based on application, the healthcare segment accounted for one-third of the total market share in 2014 and is predicted to rule the roost during 2014-2020. At the same time, the smart homes segment would register the fastest CAGR of 12.5% till 2020.

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Based on type, the non-invasive segment contributed to 85% of the total market revenue in 2014 and is expected to dominate throughout the forecast period. The invasive segment, on the other hand, is projected to grow at the fastest CAGR of 15.3% by 2020.

The global brain computer interface market was estimated at $762 million in 2014, and is expected to reach $1.46 billion by 2020, growing at a CAGR of 11.5% from 2014 to 2020. The report offers an in-depth analysis of the drivers & opportunities, top investment pockets, top winning strategies, market size & estimations, competitive scenario, and changing market trends.

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CHAPTER 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segmentation
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Executive summary
2.2 CXO perspective
2.3 Market beyond: what to expect by 2025

2.3.1 Base case scenario
2.3.2 Optimistic scenario
2.3.3 Critical scenario

CHAPTER 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Brain-computer interface system
3.3 Various brain-scanning technologies used for BCI

3.3.1 EEG (Electro-encephalography)
3.3.2 fMRI (Functional Magnetic Resonance Imaging)
3.3.3 NIRS (Near Infrared Spectroscopy)
3.3.4 MEG (Magnetoencephalography)
3.3.5 ECOG (Electrocorticography)

3.4 Deep Brain Stimulation (DBS)
3.5 Wearable computers and BCI technology
3.6 Key findings

3.6.1 Top factors impacting the market

3.6.1.1 Rising incidences of brain disorders
3.6.1.2 Government funding
3.6.1.3 Miniaturization of components
3.6.1.4 Gaming industries
3.6.1.5 Lack of expertise
3.6.1.6 Cyber security threats
3.6.1.7 Ethical issues

3.6.2 Top investment pockets
3.6.3 Top winning strategies

3.7 Porters five force analysis

3.7.1 The bargaining power of supplier is low as the design and development of BCI systems is majorly an in-house activity
3.7.2 Low bargaining power of buyers due to their demand for niche products that effectively cater to their disorders
3.7.3 Low threat of substitute
3.7.4 Low threat of new entrants due to stringent intellectual property laws implemented to curb replication of technologies
3.7.5 Intense rivalry among the players of BCI market

3.8 Value chain analysis
3.9 Case studies
3.10 Market dynamics

3.10.1 Drivers

3.10.1.1 Rising incidences of brain disorders affecting the movements of body
3.10.1.2 Government fundings trigger the use of BCI technologies
3.10.1.3 Miniaturization of components further add to the growth of BCI technology market
3.10.1.4 Increasing number of gaming industries implementing BCI technologies

3.10.2 Restraint

3.10.2.1 Lack of expertise in implementing the BCI systems
3.10.2.2 Security issues associated with BCI systems
3.10.2.3 Ethical issues associated with BCI technologies

3.10.3 Opportunities

3.10.3.1 Developing economies
3.10.3.2 Swift use of sensor technologies

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