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Global Brain-Computer Interface Market, Size, Share, Analysis Report & Forecast to 2026

10-01-2021 01:11 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global brain computer interface market is anticipated to grow at a CAGR of around 14.3% during the forecast period. Brain-Computer Interface also known as the brain-machine interface, neural-control interface (NCI), mind-machine interface (MMI), is an interactive platform between the brain and the external device. A brain-computer interface system records brain signals from the cortex's surface using signalling devices implanted within the brain or sensors placed on the scalp. The factors driving the brain-computer interface market include the rising prevalence of neuroprosthetic conditions, advancements in technological developments assisting paralytic patients with communication and movement. Additionally, increasing applications of BCI technology in virtual gaming, military communications, and home control systems are also fueling the growth of the market. However, the ethical challenges associated with connecting brains to computers are the significant factors restraining the growth of the market.

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The global brain-computer interface market is segmented based on components, type, application, technology, and end-users. Based on components, the market is segregated into Hardware, and Software Based on type, the market is further segmented into invasive (BCI), partially invasive (BCI), non-invasive (BCI). Based on application, the market is segregated into medical, smart home control, gaming & virtual reality and, communication and control. Further, based on technology, the market is classified into electro-encephalography (EAG), magneto- encephalography (MEG), electrocorticography (ECOG) functional magnetic resonance imaging (FMRI), and others (Near Infrared Spectroscopy and Neuro Recording. On the basis of end-user segment, the market is categorized into healthcare, educational & research, defense & aerospace.

A Full Report of Global Brain-Computer Interface Market is Available at:
https://www.omrglobal.com/industry-reports/bci-brain-computer-interface-market

The global brain-computer interface market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is projected to have a significant share in the brain-computer interface market attributed to the driving factors that include increasing demand for advanced brain-computer interface technologies from end-user industries such as defense & aerospace, healthcare, and education & research. Furthermore, the region's large pool of technology companies and medical & non-medical device manufacturers drives the brain-computer interface market demand. The US has the largest market share among other North American countries due to the presence of major market players and investors in BCI technology, followed by Canada and Mexico.

Global Brain-Computer Interface Market – Segmentation
by Components
Hardware
Software
by Type
Invasive (BCI)
Partially Invasive (BCI)
Non-Invasive (BCI)
by Application
Medical
Smart Home Control
Gaming & Virtual Reality
Communication And Control
by Technology
Electro-Encephalography (EAG)
Magneto- Encephalography (MEG)
Electrocorticography (ECOG)
Functional Magnetic Resonance Imaging (FMRI)
Others (Near Infrared Spectroscopy and Neuro Recording)
by End-User
Healthcare
Educational & Research
Defence & Aerospace

Global Brain-Computer Interface Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Arimac Lanka (Private) Ltd.
Advanced Brain Monitoring, Inc.
ANT Neuro BV
Brain Products GmbH
Brain Co Inc
Cadwell Industries Inc.
Edwards Lifesciences Corp.
Compumedics Ltd.
EMOTIV, Inc.
g.tec medical engineering GmbH
Cortech Solutions, Inc.
Mindmaze SA
Medtronic PLC
Natus Medical Inc.
Neurable Inc.
Neurolutions Inc.
NeuroPace Inc.
NeuroSky, Inc.
Neurotechnology
Nihon Kohden Corp.
Soso H&C Co.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/bci-brain-computer-interface-market

Media Contact:

Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com 
Contact no: +91 780-304-0404

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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