Neurological Game Technology Market Is Booming Worldwide 2022-2030 | EMOTIV, Inc., Smart Eye AB., Qneuro Inc., Bit & Brain Technologies S.L., Ultraleap Ltd., EON Reality Inc., Magic Leap, Inc.

Neurological game technology Market size reached USD 6.29 billion in 2020 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to latest analysis by Emergen Research. Rising advancements in sensing technology are expected to support market revenue growth during the forecast period. Besides, rising demand for console-based therapy will boost market growth. Large volume real-time data in form of brain waves is captured using EEG (Electroencephalogram) sensors, which are further processed and analyzed using sophisticated algorithms. Similarly, the VR/AR technology has an Inertial Measurement Unit (IMU) which consists of three types of sensors, including an accelerometer, a gyroscope and a magnetometer, which is used to detect the relative location and motion of the user's head.

Besides, rising demand for console-based therapy which involves integrating console-based gaming for neurological rehabilitation, is another major factor driving growth of global neurological game technology market revenue.

Further rising demand for remotely operated devices has led to development of new and better solutions to control devices remotely and enhance user interaction. These are the key factors expected to drive the growth of the market revenue significantly.

However, high cost of investment in BCI technology, lack of skilled workforce, and a lack of proper governance framework are expected to hamper market revenue growth during the forecast period.

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Some Key Highlights from the Report

Software segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to rising demand for sophisticated algorithms that are used to convert brain signals into machine language.

Augmented Reality (AR) technology segment is expected to register a significantly robust revenue growth rate over the forecast period owing to increasing adoption of AR technologies by market players for improving user experience.

North America is expected to register a larger revenue growth rate in the neurological game technology market over the forecast period than other regional markets owing to robust presence of international and domestic technology solution providers which include BCI, AR technology, VR technology and haptic technology such as Neuralink Corporation, EMOTIV, Inc., EON Reality Inc., and Qneuro Inc. among others in the region.

Some major companies in the global market report include EMOTIV, Inc., Smart Eye AB., Qneuro Inc., Bit & Brain Technologies S.L., Ultraleap Ltd., EON Reality Inc., Magic Leap, Inc., Leap Motion, Inc., Niantic, Inc., and Neuralink Corporation.

In July 2021, EMOTIV, Inc., raised USD 50.0 million in a Series B funding round in order to make text marketing more conversational. The platform focuses on text marketing, which is similar to real-life conversation with a human being, rather than just another email. The new round of investment has allowed the company to continue development of the product in order to grow its headcount to more than 200 people and open offices in Atlanta and Boston..

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Emergen Research has segmented the global neurological game technology market on the basis of component, technology, end-use, and region:

Component Outlook (Revenue, USD Billion; 2021-2030)

Hardware

Software

Technology Outlook (Revenue, USD Billion; 2021-2030)

Brain-Computer Interface

Augmented Reality (AR) Technology

Virtual Reality (VR) Technology

Haptic Technology

End-use Outlook (Revenue, USD Billion; 2021-2030)

Healthcare

Education

Entertainment

Regional Outlook (Revenue, USD Billion; 2021-2030)

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Benelux

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of MEA

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Table of Content:

1 Scope of the Report

1.1 Market Introduction

1.2 Research Objectives

1.3 Years Considered

1.4 Market Research Methodology

1.5 Economic Indicators

1.6 Currency Considered

2 Executive Summary

3 Global Neurological Game Technology by Players

4 Neurological Game Technology by Regions

4.1 Neurological Game Technology Market Size by Regions

4.2 Americas Neurological Game Technology Market Size Growth

4.3 APAC Neurological Game Technology Market Size Growth

4.4 Europe Neurological Game Technology Market Size Growth

4.5 Middle East & Africa Neurological Game Technology Market Size Growth

5 Americas

6 APAC

7 Europe

8 Middle East & Africa

9 Market Drivers, Challenges and Trends

9.1 Market Drivers and Impact

9.1.1 Growing Demand from Key Regions

9.1.2 Growing Demand from Key Applications and Potential Industries

9.2 Market Challenges and Impact

9.3 Market Trends

10 Global Neurological Game Technology Market Forecast

11 Key Players Analysis

12 Research Findings and Conclusion

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Finally, all aspects of the Neurological Game Technology market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.

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