Global Brain Computer Interface Market Research Report: Forecast to 2024

Global Brain Computer Interface Market Research Report: Forecast to 2024

Global Brain Computer Interface Market Research Report: by Component (Hardware and Software), By Type (Non-invasive, Invasive and Partially Invasive), By Application (Medical, Communication & Control, Gaming & Virtual Reality and Smart Home Control), By Technology (Electro-Encephalography (EEG), Magnetoencephalography (MEG), Electrocorticography (ECoG), Functional Magnetic Resonance Imaging (fMRI), Near-Infrared Spectroscopy (NIRS) and Intracortical Neuro Recording), by End-User (Healthcare, Education & Research and Defense & Aerospace) and by Region (North America, Asia-Pacific, Europe and Rest of the World) - Forecast till 2024

Market analysis
Generally, as analyzed in the year 2018, the market was guided by Asia-Pacific supported by Americas and Europe, separately. Brain-computer interface (BCI), which is also known as brain-machine-interface, acts as a direct interaction interface between the human brain and any external device. The process takes place with the help of electrodes that detect the signals in the human brain. This is achieved through three types of brain computer interfaces - invasive type, somewhat invasive type, and non-invasive type, BCIs are useful at augmenting, assisting, or repairing sensory-motor or human cognitive capabilities. Research on BCIs has been going since the 1970s; however, 1998 marked a significant development in the field of brain mapping as researchers implanted the first brain computer interface in a human being. BCIs, along with imaging technology such as magnetic character imaging and electroencephalography, are widely used in various medical applications to monitor brain signals in order to diagnose and cure various disorders such as vision damage, hearing impairment, Alzheimer's, paralysis, dementia, and cerebral palsy.

Market segmentation
The Global Brain Computer Interface Market is segmented based on type, application and region respectively. Based on the component, the global brain computer interface market has been segmented into hardware and software. BCI hardware devices are of sub-segmented into three types—invasive type, in which the device/electrodes are entrenched into the grey matter of the brain; partially invasive type, in which the devices are implanted inside the skull but outside the brain matter; and non-invasive type, in which the devices are placed outside the skull on the scalp. The devices consist of various sensors and electrodes for detecting electronic signals in the brain and are programmed to interpret and carry out directions such as legalizing or moving a physical object. BCI devices are used in medical, gaming and device control, and commercial applications. The Global Brain Computer Interface Market generated a revenue of USD 1,129.9 million in 2018 and is expected to reach a market value of USD 2,564 Million by 2024, growing at a CAGR of 15.1%. An increasing prevalence of brain disorders across the globe and the use of EEG in the diagnosis of sleep disorders are the primary factors guiding the growth of the global brain computer interface market. Also, most of the software tools available are closed source and not available to the public, as they are mainly used for prototyping and in-house testing. On the other hand, some proposals are also released under open source licenses, which allows the user to review, modify, and reorganize the source code. Some of the frameworks available are cross-platform and can be deployed on several different operating systems, whereas others are limited to a specific operational system or require commercial software. BCI2000, OpenViBE, TOBI Common Implementation Platform (CIP), BCILAB, BCI++, xBCI, and BF++ are some of the platforms available for developing BCI systems.


Regional analysis
Geographically the Global Brain Computer Interface Market is split in regions like North & South America, Europe, Asia-Pacific, Middle east and Africa and Rest of the world. The market in Asia-Pacific is expected to register the highest CAGR of 17.3%. The growing adoption of brain computer interfaces among the small- and medium-sized enterprises in North America is expected to drive the growth of the brain computer interfaces market during the forecast period. Among the North American countries, the US accounts for the larger market share owing to the presence of key market players and key investors in the brain computing interface technology, followed by Canada and Mexico. North America dropped for the major market share of 51.8% in 2017, with a market value of USD 525.3 million; the market is expected to disclose a CAGR of 14.3% during the forecast period. Europe was the second-largest market in 2017, valued at USD 265.4 million; the market is projected to exhibit a CAGR of 15.6%. Among the European countries, currently, Germany is dominating the market with a share of 26%, followed by the UK with a 22% market share. The UK is projected to register the record CAGR of 18.20% during the forecast period in the brain computer interface market due to the increasing adoption of brain computer interface devices among hospitals, universities, and research institutes. Further, the growing adoption of BCIs in countries such as France, Russia, Italy, Spain, Bulgaria, Sweden, and the Netherlands is also expected to boost market growth in Europe.

Major players
The proposed spectators in the Global brain computer interface market are manufacturers, Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global brain computer interface market are concentrating on firming their global ways by entering untouched markets. The projected onlookers in the Global brain computer interface market are companies like Natus Medical Incorporated, NeuroSky, Inc, NIHON KOHDEN CORPORATION, Compumedics Limited, g.tec, Brain Products GmbH, Advanced Brain Monitoring, Inc, BrainCo, Inc., MindMaze, Neuroelectrics and EMOTIV.


1 Executive Summary
1.1 Market Attractiveness Analysis
1.1.1 Global Brain Computer Interface Market, By Component
1.1.2 Global Brain Computer Interface Market, By Type
1.1.3 Global Brain Computer Interface Market, By Application
1.1.4 Global Brain Computer Interface Market, By End-user
1.2 Global Brain Computer Interface Market, By Region
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List Of Assumptions
4 Market Insights
5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Use Of Electro-encephalography In The Diagnosis Of Sleep Disorders
5.2.2 Increasing Number Of Brain Disorder Patients Across The Globe
5.2.3 Increasing Applications Of Sensors In Healthcare Sector
5.2.4 Increasing Use Of Brain Control Interface In Controlling Iot Devices
5.2.5 Drivers Impact Analysis
5.3 Restraints
5.3.1 Technical Shortcomings Of Bci Technology
5.3.2 Restraints Impact Analysis
5.4 Opportunities
5.4.1 High-performance Communication For People With Paralysis
5.4.2 Providing Better Smart Home Control System
5.4.3 Emerging Use Of Bci In Gaming Enterprises
5.5 Regulations
5.5.1 United States
5.5.2 European Union
5.5.3 China
5.5.4 India
6 Market Factor Analysis
6.1 Porter’s Five Forces Model
6.1.1 Threat Of New Entrants
6.1.2 Bargaining Power Of Suppliers
6.1.3 Bargaining Power Of Buyers
6.1.4 Threat Of Substitutes
6.1.5 Intensity Of Rivalry
7 Global Brain Computer Interface Market, By Component
7.1 Overview
7.2 Hardware
7.3 Software
8 Global Brain Computer Interface Market, By Type
8.1 Overview
8.2 Non-invasive
8.3 Invasive
8.4 Partially Invasive
9 Global Brain Computer Interface Market, By Application
9.1 Overview
9.2 Medical
9.3 Communication & Control
9.4 Gaming & Virtual Reality
9.5 Smart Home Control
10 Global Brain Computer Interface Market, By Technology
10.1 Overview
10.2 Electro-encephalography (Eeg)
10.3 Magnetoencephalography (Meg)
10.4 Electrocorticography (Ecog)
10.5 Functional Magnetic Resonance Imaging (Fmri)
10.6 Near-infrared Spectroscopy (Nirs)
10.7 Intracortical Neuro Recording
11 Global Brain Computer Interface Market, By End-user
11.1 Overview
11.2 Healthcare
11.3 Education & Research
11.4 Defense & Aerospace
12 Global Brain Computer Interface Market, By Region
12.1 Overview
12.2 North America
12.2.1 U.S.
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 Uk
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 Rest Of Europe
12.4 Asia-pacific
12.4.1 China
12.4.2 Japan
12.4.3 Rest Of Asia-pacific
12.4.4 India
12.5 Rest Of The World
12.5.1 Middle East & Africa
12.5.2 South America
13 Competitive Landscape
13.1 Overview
13.2 Key Players Market Share, 2018 (%), Global Brain Computer Interface Market
14 Company Profile
14.1 Natus Medical Incorporated
14.1.1 Company Overview
14.1.2 Financial Overview
14.1.3 Products/Services/Solutions Offered
14.1.4 Key Developments
14.1.5 Swot Analysis
14.1.6 Key Strategies
14.2 Emotiv
14.2.1 Company Overview
14.2.2 Products/Services/Solutions Offered
14.2.3 Key Developments
14.2.4 Swot Analysis
14.2.5 Key Strategies
14.3 Neurosky, Inc.
14.3.1 Company Overview
14.3.2 Products/Services/Solutions Offered
14.3.3 Key Developments
14.3.4 Swot Analysis
14.3.5 Key Strategies
14.4 Nihon Kohden Corporation.
14.4.1 Company Overview
14.4.2 Financial Overview
14.4.3 Products/Services/Solutions Offered
14.4.4 Key Developments
14.4.5 Swot Analysis
14.4.6 Key Strategies
14.5 Compumedics Limited
14.5.1 Company Overview
14.5.2 Financial Overview
14.5.3 Products/Services/Solutions Offered
14.5.4 Key Developments
14.5.5 Swot Analysis
14.5.6 Key Strategies
14.6 G.Tec
14.6.1 Company Overview
14.6.2 Products/Services/Solutions Offered
14.6.3 Key Developments
14.6.4 Swot Analysis
14.6.5 Key Strategies
14.7 Brain Products Gmbh.
14.7.1 Company Overview
14.7.2 Products/Services/Solutions Offered
14.7.3 Key Developments
14.7.4 Swot Analysis
14.7.5 Key Strategies
14.8 Advanced Brain Monitoring, Inc.
14.8.1 Company Overview
14.8.2 Products/Services/Solutions Offered
14.8.3 Key Developments
14.8.4 Key Strategies
14.9 Brainco, Inc.
14.9.1 Company Overview
14.9.2 Products/Services/Solutions Offered
14.9.3 Key Developments
14.9.4 Swot Analysis
14.9.5 Key Strategies
14.10 Mindmaze
14.10.1 Company Overview
14.10.2 Products/Services/Solutions Offered
14.10.3 Key Developments
14.10.4 Swot Analysis
14.10.5 Key Strategies
14.11 Neuroelectrics
14.11.1 Company Overview
14.11.2 Products/Services/Solutions Offered
14.11.3 Key Developments
14.11.4 Swot Analysis
14.11.5 Key Strategies
15 Analyst Insights & Current Market Trends
15.1 Key Findings
15.2 Recommendations
15.3 Conclusion
16 Appendix
16.1 List Of Abbreviations 125
List Of Tables:
Table 1 List Of Assumptions
Table 2 Global Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 3 Global Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 4 Global Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 5 Global Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 6 Global Brain Computer Interface Market, By Region, 2017–2024 (Usd Million)
Table 7 North America: Brain Computer Interface Market, By Country, 2017–2024 (Usd Million)
Table 8 North America: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 9 North America: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 10 North America: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 11 North America: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 12 Us: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 13 Us: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 14 Us: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 15 Us: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 16 Canada: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 17 Canada: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 18 Canada: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 19 Canada: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 20 Mexico: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 21 Mexico: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 22 Mexico: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 23 Mexico: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 24 Europe: Brain Computer Interface Market, By Country, 2017–2024 (Usd Million)
Table 25 Europe: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 26 Europe: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 27 Europe: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 28 Europe: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 29 Germany: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 30 Germany: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 31 Germany: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 32 Germany: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 33 Uk: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 34 Uk: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 35 Uk: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 36 Uk: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 37 France: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 38 France: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 39 France: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 40 France: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 41 Italy: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 42 Italy: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 43 Italy: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 44 Italy: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 45 Spain: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 46 Spain: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 47 Spain: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 48 Spain: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 49 Rest Of Europe: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 50 Rest Of Europe: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 51 Rest Of Europe: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 52 Rest Of Europe: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 53 Asia-pacific: Brain Computer Interface Market, By Country, 2017–2024 (Usd Million)
Table 54 Asia-pacific: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 55 Asia-pacific: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 56 Asia-pacific: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 57 Asia-pacific: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 58 China: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 59 China: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 60 China: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 61 China: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 62 Japan: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 63 Japan: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 64 Japan: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 65 Japan: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 66 Rest Of Asia-pacific: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 67 Rest Of Asia-pacific: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 68 Rest Of Asia-pacific: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 69 Rest Of Asia-pacific: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 70 India: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 71 India: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 72 India: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 73 India: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 74 Rest Of The World: Brain Computer Interface Market, By Country, 2017–2024 (Usd Million)
Table 75 Rest Of The World: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 76 Rest Of The World: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 77 Rest Of The World: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 78 Rest Of The World: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 79 Middle East And Africa: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 80 Middle East And Africa: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 81 Middle East And Africa: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 82 Middle East And Africa: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
Table 83 South America: Brain Computer Interface Market, By Component, 2017–2024 (Usd Million)
Table 84 South America: Brain Computer Interface Market, By Type, 2017–2024 (Usd Million)
Table 85 South America: Brain Computer Interface Market, By Application, 2017–2024 (Usd Million)
Table 86 South America: Brain Computer Interface Market, By End-user, 2017–2024 (Usd Million)
List Of Figures:
Figure 1 Market Synopsis
Figure 2 Market Attractiveness Analysis: Global Brain Computer Interface Market
Figure 3 Global Brain Computer Interface Market Analysis By Component, 2017 (%)
Figure 4 Global Brain Computer Interface Market Analysis By Type, 2017 (%)
Figure 5 Global Brain Computer Interface Market Analysis By Application, 2017 (%)
Figure 6 Global Brain Computer Interface Market Analysis By End-user, 2017 (%)
Figure 7 Global Brain Computer Interface Market Analysis By Region, 2018 (%)
Figure 8 Global Brain Computer Interface Market: Market Structure
Figure 9 Research Process Of Mrfr
Figure 10 Top Down & Bottom Up Approach
Figure 11 North America Market Size & Market Share By Country (2017 Vs 2024)
Figure 12 Europe Market Size & Market Share By Country (2017 Vs 2024)
Figure 13 Asia-pacific & Market Share By Country (2017 Vs 2024)
Figure 14 Rest Of The World & Market Share By Country (2017 Vs 2024)
Figure 15 Droc Analysis Of Global Brain Computer Interface Market
Figure 16 Drivers Impact Analysis: Brain Computer Interface Market
Figure 17 Restraints Impact Analysis: Brain Computer Interface Market
Figure 19 Global Brain Computer Interface Market, By Component , 2017 – 2024 (Usd Million)
Figure 20 Global Brain Computer Interface Market, By Type, 2017 – 2024 (Usd Million)
Figure 21 Global Brain Computer Interface Market, By Application, 2017 – 2024 (Usd Million)
Figure 22 Global Brain Computer Interface Market, By End-user, 2017 – 2024 (Usd Million)
Figure 23 Global Brain Computer Interface Market, By Region, 2017–2024 (Usd Million)
Figure 24 North America: Brain Computer Interface Market Share, By Country, 2017 – 2024 (Usd Million)
Figure 25 North America: Brain Computer Interface Market Share, By Component, 2017 – 2024 (Usd Million)
Figure 26 North America: Brain Computer Interface Market Share, By Type, 2017 – 2024 (Usd Million)
Figure 27 North America: Brain Computer Interface Market, By Application, 2017 – 2024 (Usd Million)
Figure 28 North America: Brain Computer Interface Market, By End-user, 2017 – 2024 (Usd Million)
Figure 29 Europe: Brain Computer Interface Market Share, By Country, 2017 – 2024 (Usd Million)
Figure 30 Europe: Brain Computer Interface Market Share, By Component, 2017 – 2024 (Usd Million)
Figure 31 Europe: Brain Computer Interface Market Share, By Type, 2017 – 2024 (Usd Million)
Figure 32 Europe: Brain Computer Interface Market, By Application, 2017 – 2024 (Usd Million)
Figure 33 Europe: Brain Computer Interface Market, By End-user, 2017 – 2024 (Usd Million)
Figure 34 Asia-pacific: Brain Computer Interface Market Share, By Country, 2017 – 2024 (Usd Million)
Figure 35 Asia-pacific: Brain Computer Interface Market Share, By Component, 2017 – 2024 (Usd Million)
Figure 36 Asia-pacific: Brain Computer Interface Market Share, By Type, 2017 – 2024 (Usd Million)
Figure 37 Asia-pacific: Brain Computer Interface Market, By Application, 2017 – 2024 (Usd Million)
Figure 38 Asia-pacific: Brain Computer Interface Market, By End-user, 2017 – 2024 (Usd Million)
Figure 39 Rest Of The World: Brain Computer Interface Market Share, By Country, 2017 – 2024 (Usd Million)
Figure 40 Rest Of The World: Brain Computer Interface Market Share, By Component, 2017 – 2024 (Usd Million)
Figure 41 Rest Of The World: Brain Computer Interface Market Share, By Type, 2017 – 2024 (Usd Million)
Figure 42 Rest Of The World: Brain Computer Interface Market, By Application, 2017 – 2024 (Usd Million)
Figure 43 Rest Of The World: Brain Computer Interface Market, By End-user, 2017 – 2024 (Usd Million)
Figure 44 Key Players Market Share, 2018 (%), Global Brain Computer Interface Market 98

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