Product Code: 978-1-68038-459-8
Brain Computer Interface Market Growth & Trends:
The global brain computer interface market size is expected to reach USD 6.2 billion by 2030, expanding at a CAGR of 17.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. Brain Computer Interface (BCI) is a revolutionary technology that facilitates direct contact between peripheral electronic devices calibrating the movement and a functional brain in physically challenged people. This system records the brain signal from the sensors that are placed over the scalp or devices implanted in the brain. Compumedics, in its annual report 2021, stated that it is demonstrating strong signs of growth in the future and is returning to its normal business after the COVID-19 pandemic.
It also stated that with the post-COVID-19 trends, such as high demand for eHealth and home-based healthcare services, the company is set to share many positive announcements in 2022. Hence, the market players are now moving toward positive growth post the pandemic. The market growth is anticipated to be driven by continuous developments in medical sensors and computational biology. In addition, increasing R&D pertinent to the development of treatment options for chronic conditions, such as cerebrovascular diseases, sleep disorders, brain disorders, and fatal injuries, is further contributing to the market growth.
Furthermore, growing R&D investments and the presence of government projects, such as DECODER (European project that used BCI to detect consciousness in non-responsive patients), coupled with the rising focus of major market players on emerging economies, such as Japan and China, are expected to propel market growth over the forecast period. The ongoing technological advancements in the field of virtual reality and increasing applications of BCI in the communication, gaming, and entertainment industry are some of the key contributors to the market growth. The technology encompasses a wide array of applications designed to revolutionize the communication, automation, security, and entertainment experience.
Brain Computer Interface Market Report Highlights:
- In terms of revenue, The non-invasive BCI segment dominated the market with the largest revenue share of 85.94% in 2023. Technological advancement and increased usage in gaming and entertainment are acting as the key growth contributors for this segment
- On basis of application, healthcare was the largest revenue-generating segment in 2023. Wide application of BCI technology in the treatment of sleeping disorders, Alzheimer's, and Parkinson's is a vital factor contributing to the segment growth
- The military segment is expected to register the fastest CAGR over the forecast period owing to increased application of BCI in war zones
- Asia Pacific is expected to exhibit the fastest CAGR over the forecast period. An increase in disposable income and low-cost manufacturing sites will fuel the regional market growth in the coming years
- The BCI is an emerging technology that is currently at a nascent stage; however, the increasing interest among researchers in collaboration with the government is expected to fuel market growth
Table of Contents
Chapter 1. Research Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product outlook
- 1.1.2. Application
- 1.1.3. End Use
- 1.1.4. Regional scope
- 1.1.5. Estimates and forecast timeline.
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database.
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.4.1. Data analysis models
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.6.1. Commodity flow analysis (Model 1)
- 1.6.2. Approach 1: Commodity flow approach
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Indication
- 2.2.3. End Use
- 2.2.4. Distribution Channel
- 2.2.5. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Brain Computer Interface Market Variables, Trends & Scope
- 3.1. Market Dynamics
- 3.1.1. Market driver analysis
- 3.1.2. Market restraint analysis
- 3.1.3. Market Opportunities
- 3.2. Brain Computer Interface Market Analysis Tools
- 3.2.1. Industry Analysis - Porter's
- 3.2.1.1. Supplier power
- 3.2.1.2. Buyer power
- 3.2.1.3. Substitution threat
- 3.2.1.4. Threat of new entrant
- 3.2.1.5. Competitive rivalry
- 3.2.2. PESTEL Analysis
- 3.2.2.1. Political landscape
- 3.2.2.2. Economic landscape
- 3.2.2.3. Social landscape
- 3.2.2.4. Technological landscape
- 3.2.2.5. Environmental landscape
- 3.2.2.6. Legal landscape
- 3.2.3. COVID-19 Impact Analysis
Chapter 4. Brain Computer Interface Market: Product Estimates & Trend Analysis
- 4.1. Product Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Global Brain Computer Interface Market by Product Type Outlook
- 4.4. Invasive BCI
- 4.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.5. Partially Invasive BCI
- 4.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 4.6. Non Invasive BCI
- 4.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 5. Brain Computer Interface Market: Application Estimates & Trend Analysis
- 5.1. Indication Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Global Brain Computer Interface Market by Indication Outlook
- 5.4. Healthcare
- 5.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.5. Smart Home Control
- 5.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.6. Communication and control
- 5.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 5.7. Entertainment & Gaming
- 5.7.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 6. Brain Computer Interface Market: End Use Estimates & Trend Analysis
- 6.1. End Use Market Share, 2023 & 2030
- 6.2. Segment Dashboard
- 6.3. Global Brain Computer Interface Market by End Use Outlook
- 6.4. Medical
- 6.4.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 6.5. Military
- 6.5.1. Market estimates and forecast 2018 to 2030 (USD Million)
- 6.6. Others
- 6.6.1. Market estimates and forecast 2018 to 2030 (USD Million)
Chapter 7. Brain Computer Interface Market: Regional Estimates & Trend Analysis, By Product, By Application, By End Use
- 7.1. Regional Market Share Analysis, 2023 & 2030
- 7.2. Regional Market Dashboard
- 7.3. Global Regional Market Snapshot
- 7.4. Market Size & Forecasts Trend Analysis, 2018 to 2030:
- 7.5. North America
- 7.5.1. U.S.
- 7.5.1.1. Key country dynamics
- 7.5.1.2. Regulatory framework/ reimbursement structure
- 7.5.1.3. Competitive scenario
- 7.5.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Million)
- 7.5.2. Canada
- 7.5.2.1. Key country dynamics
- 7.5.2.2. Regulatory framework/ reimbursement structure
- 7.5.2.3. Competitive scenario
- 7.5.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Key country dynamics
- 7.5.3.2. Regulatory framework/ reimbursement structure
- 7.5.3.3. Competitive scenario
- 7.5.3.4. Canada market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6. Europe
- 7.6.1. UK
- 7.6.1.1. Key country dynamics
- 7.6.1.2. Regulatory framework/ reimbursement structure
- 7.6.1.3. Competitive scenario
- 7.6.1.4. UK market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.2. Germany
- 7.6.2.1. Key country dynamics
- 7.6.2.2. Regulatory framework/ reimbursement structure
- 7.6.2.3. Competitive scenario
- 7.6.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.3. France
- 7.6.3.1. Key country dynamics
- 7.6.3.2. Regulatory framework/ reimbursement structure
- 7.6.3.3. Competitive scenario
- 7.6.3.4. France market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.4. Italy
- 7.6.4.1. Key country dynamics
- 7.6.4.2. Regulatory framework/ reimbursement structure
- 7.6.4.3. Competitive scenario
- 7.6.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.5. Spain
- 7.6.5.1. Key country dynamics
- 7.6.5.2. Regulatory framework/ reimbursement structure
- 7.6.5.3. Competitive scenario
- 7.6.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.6. Norway
- 7.6.6.1. Key country dynamics
- 7.6.6.2. Regulatory framework/ reimbursement structure
- 7.6.6.3. Competitive scenario
- 7.6.6.4. Norway market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.7. Sweden
- 7.6.7.1. Key country dynamics
- 7.6.7.2. Regulatory framework/ reimbursement structure
- 7.6.7.3. Competitive scenario
- 7.6.7.4. Sweden market estimates and forecasts 2018 to 2030 (USD Million)
- 7.6.8. Denmark
- 7.6.8.1. Key country dynamics
- 7.6.8.2. Regulatory framework/ reimbursement structure
- 7.6.8.3. Competitive scenario
- 7.6.8.4. Denmark market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7. Asia Pacific
- 7.7.1. Japan
- 7.7.1.1. Key country dynamics
- 7.7.1.2. Regulatory framework/ reimbursement structure
- 7.7.1.3. Competitive scenario
- 7.7.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.2. China
- 7.7.2.1. Key country dynamics
- 7.7.2.2. Regulatory framework/ reimbursement structure
- 7.7.2.3. Competitive scenario
- 7.7.2.4. China market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.3. India
- 7.7.3.1. Key country dynamics
- 7.7.3.2. Regulatory framework/ reimbursement structure
- 7.7.3.3. Competitive scenario
- 7.7.3.4. India market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.4. Australia
- 7.7.4.1. Key country dynamics
- 7.7.4.2. Regulatory framework/ reimbursement structure
- 7.7.4.3. Competitive scenario
- 7.7.4.4. Australia market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.5. South Korea
- 7.7.5.1. Key country dynamics
- 7.7.5.2. Regulatory framework/ reimbursement structure
- 7.7.5.3. Competitive scenario
- 7.7.5.4. South Korea market estimates and forecasts 2018 to 2030 (USD Million)
- 7.7.6. Thailand
- 7.7.6.1. Key country dynamics
- 7.7.6.2. Regulatory framework/ reimbursement structure
- 7.7.6.3. Competitive scenario
- 7.7.6.4. Singapore market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8. Latin America
- 7.8.1. Brazil
- 7.8.1.1. Key country dynamics
- 7.8.1.2. Regulatory framework/ reimbursement structure
- 7.8.1.3. Competitive scenario
- 7.8.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Million)
- 7.8.2. Argentina
- 7.8.2.1. Key country dynamics
- 7.8.2.2. Regulatory framework/ reimbursement structure
- 7.8.2.3. Competitive scenario
- 7.8.2.4. Argentina market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9. MEA
- 7.9.1. South Africa
- 7.9.1.1. Key country dynamics
- 7.9.1.2. Regulatory framework/ reimbursement structure
- 7.9.1.3. Competitive scenario
- 7.9.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.2. Saudi Arabia
- 7.9.2.1. Key country dynamics
- 7.9.2.2. Regulatory framework/ reimbursement structure
- 7.9.2.3. Competitive scenario
- 7.9.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.3. UAE
- 7.9.3.1. Key country dynamics
- 7.9.3.2. Regulatory framework/ reimbursement structure
- 7.9.3.3. Competitive scenario
- 7.9.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Million)
- 7.9.4. Kuwait
- 7.9.4.1. Key country dynamics
- 7.9.4.2. Regulatory framework/ reimbursement structure
- 7.9.4.3. Competitive scenario
- 7.9.4.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company/Competition Categorization
- 8.3. Key company market share/position analysis, 2023
- 8.4. Company Profiles
- 8.4.1. Medtronic
- 8.4.1.1. Company overview
- 8.4.1.2. Financial performance
- 8.4.1.3. Technology Type benchmarking
- 8.4.1.4. Strategic initiatives
- 8.4.2. g.tec medical engineering GmbH
- 8.4.2.1. Company overview
- 8.4.2.2. Financial performance
- 8.4.2.3. Technology Type benchmarking
- 8.4.2.4. Strategic initiatives
- 8.4.3. Natus Medical Incorporated
- 8.4.3.1. Company overview
- 8.4.3.2. Financial performance
- 8.4.3.3. Technology Type benchmarking
- 8.4.3.4. Strategic initiatives
- 8.4.4. Compumedics Neuroscan
- 8.4.4.1. Company overview
- 8.4.4.2. Financial performance
- 8.4.4.3. Technology Type benchmarking
- 8.4.4.4. Strategic initiatives
- 8.4.5. Brain Products GmbH
- 8.4.5.1. Company overview
- 8.4.5.2. Financial performance
- 8.4.5.3. Technology Type benchmarking
- 8.4.5.4. Strategic initiatives
- 8.4.6. Integra LifeSciences Corporation
- 8.4.6.1. Company overview
- 8.4.6.2. Financial performance
- 8.4.6.3. Technology Type benchmarking
- 8.4.6.4. Strategic initiatives
- 8.4.7. Advanced Brain Monitoring, Inc.,
- 8.4.7.1. Company overview
- 8.4.7.2. Financial performance
- 8.4.7.3. Technology Type benchmarking
- 8.4.7.4. Strategic initiatives
- 8.4.8. EMOTIV
- 8.4.8.1. Company overview
- 8.4.8.2. Financial performance
- 8.4.8.3. Technology Type benchmarking
- 8.4.8.4. Strategic initiatives
- 8.4.9. NeuroSky
- 8.4.9.1. Company overview
- 8.4.9.2. Financial performance
- 8.4.9.3. Technology Type benchmarking
- 8.4.9.4. Strategic initiatives
- 8.4.10. ANT Neuro
- 8.4.10.1. Company overview
- 8.4.10.2. Financial performance
- 8.4.10.3. Technology Type benchmarking
- 8.4.10.4. Strategic initiatives
- 8.4.11. NIRx Medical Technologies, LLC
- 8.4.11.1. Company overview
- 8.4.11.2. Financial performance
- 8.4.11.3. Technology Type benchmarking
- 8.4.11.4. Strategic initiatives
- 8.4.12. Ripple Neuro
- 8.4.12.1. Company overview
- 8.4.12.2. Financial performance
- 8.4.12.3. Technology Type benchmarking
- 8.4.12.4. Strategic initiatives
- 8.4.13. Neuroelectrics
- 8.4.13.1. Company overview
- 8.4.13.2. Financial performance
- 8.4.13.3. Technology Type benchmarking
- 8.4.13.4. Strategic initiatives
- 8.4.14. OpenBCI
- 8.4.14.1. Company overview
- 8.4.14.2. Financial performance
- 8.4.14.3. Technology Type benchmarking
- 8.4.14.4. Strategic initiatives
- 8.4.15. COGNIONICS, INC. (CGX)
- 8.4.15.1. Company overview
- 8.4.15.2. Financial performance
- 8.4.15.3. Technology Type benchmarking
- 8.4.15.4. Strategic initiatives
- 8.4.16. Blackrock Neurotech
- 8.4.16.1. Company overview
- 8.4.16.2. Financial performance
- 8.4.16.3. Technology Type benchmarking
- 8.4.16.4. Strategic initiatives