Press release
Brain Computer Interface Market is projected to grow at a CAGR of 18.32% during the forecast period of 2023-2030.
Brain Computer Interface Market is projected to grow at a CAGR of 18.32% during the forecast period of 2023-2030.
A brain-computer interface (BCI) allows a person to use brain impulses to operate an external device. Among other things, BCIs could help persons with disabilities and increase national defense capacities. BCI's primary goal is to replace or restore effective function to those who have been incapacitated by neuromuscular illnesses such as amyotrophic lateral sclerosis, cerebral palsy, stroke, or spinal cord injury.
Market Summary
As per our study, North America accounted for the largest revenue share in the brain-computer interface market. Further, the global brain computer interface market size was valued at USD 2.31 billion in 2022 and is projected to reach USD 6.73 billion, growing at a compound annual growth rate (CAGR) of 18.32% during the forecast period.
To know more Brain Computer Interface Market statistics click here: https://www.cognitivemarketresearch.com/brain-computer-interface-market-report
Market Dynamics
The rising usage of electro-encephalography in the diagnosis of sleep disorders, and the increasing prevalence of neuroprosthetic conditions are the major driving factors for the Brain-Computer Interface Market. Additionally, increasing innovations in sensor and computational technology, and research and development activities will likely create immense opportunities for the growth of the brain-computer interface market. However, increasing ethical issues can hamper the growth of the market.
Global Brain Computer Interface Market Segmentation:
By Component
• Hardware
• Software
By Type
• Non-Invasive
• Invasive
• Partially Invasive
By Application
• Medical
• Communication & Control
• Gaming & Virtual Reality
• Smart Home Control
By Technology
• Electro-Encephalography (EEG)
• Magnetoencephalography (MEG)
• Electrocorticography (ECoG)
• Functional Magnetic Resonance Imaging (fMRI)
• Near-Infrared Spectroscopy (NIRS)
• Intracortical Neuro Recording
By End-User
• Healthcare
• Education & Research
• Defense & Aerospace
News
• Neurable introduced brain-computer interface headphones (April 2021)
The neurotechnology company Neurable has revealed plans for brain-computer interface (BCI) headphones, similar to previous products designed to learn from human movement and predict intent
Competitive Analysis for Brain Computer Interface Market: https://www.cognitivemarketresearch.com/brain-computer-interface-market-report
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Brain Computer Interface Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
- 1.5.1 Segmentation
- 1.5.1 Regional Fragmentation
- 1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Brain Computer Interface Market Size 2018 - 2030, (USD Million)
• 3.2 Global Brain Computer Interface Market: Snapshot
Chapter 4 Global Brain Computer Interface Market Overview
• 4.1 Introduction
• 4.2 Global Brain Computer Interface Market Statistics by Regions (2018-2030)
- 4.2.1 North America Brain Computer Interface Status and Prospect (2018-2030)
- 4.2.2 Europe Brain Computer Interface Status and Prospect (2018-2030)
- 4.2.3 Asia Pacific Brain Computer Interface Status and Prospect (2018-2030)
- 4.2.4 Latin America Brain Computer Interface Status and Prospect (2018-2030)
- 4.2.5 Middle East and Africa Brain Computer Interface Status and Prospect (2018-2030)
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Brain Computer Interface Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Brain Computer Interface Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Brain Computer Interface Market Regional Analysis
Chapter 11 North America Brain Computer Interface Market Outlook (2018 - 2030)
Chapter 12 Europe Brain Computer Interface Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Brain Computer Interface Market Outlook (2018 - 2030)
Chapter 14 Latin America Brain Computer Interface Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Brain Computer Interface Market Outlook (2018 - 2030)
Chapter 16 Research Findings
Get Access of latest published Brain Computer Interface Market Report: https://www.cognitivemarketresearch.com/brain-computer-interface-market-report#table_of_contents
Regional Analysis of Brain Computer Interface Market:
• North America is accounted for the largest revenue share in the brain-computer interface market, this is due to the increasing R&D investments and a large number of clinical trials being conducted on brain devices in this region. In addition, the presence of the major market players in this region is also propelling the growth of the market. Further, Asia Pacific is expected to grow with the fastest CAGR in the forecast period, owing to the increasing incidences of neurodegenerative conditions, and increasing healthcare expenditure.
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• Human Machine Interface Market - https://www.cognitivemarketresearch.com/human-machine-interface-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research:
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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