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Brain Computer Interface Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview 2022-2027:

The global brain computer interface market size reached US$ 1.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2027, exhibiting a growth rate (CAGR) of 14.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A brain computer interface (BCI) is a system used for acquiring, analyzing, and translating brain signals into commands using an artificial output device. This device assists in replacing, restoring, enhancing, supplementing, and improving the functions of the central nervous system (CNS). BCI replaces or restores the useful function of individuals suffering from neuromuscular disorders, such as cerebral palsy, amyotrophic lateral sclerosis, or spinal cord injury. It is also useful for rehabilitation after stroke or other disorders. As it finds extensive application in communicating and controlling patients with severe paralysis or in the locked-in syndrome (LIS), its demand is escalating around the world.

 

 
 

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Brain Computer Interface Market Trends:

The rising geriatric population, coupled with the increasing prevalence of neurodegenerative disorders such as epilepsy and Alzheimer’s and Parkinson’s diseases, represents one of the key factors strengthening the growth of the market. Additionally, there is a rise in the integration of BCI technologies with several healthcare applications. This, in confluence with the increasing focus on using BCI technologies to control internet of things (IoT) devices and virtual reality (VR) applications, is propelling the market growth. Moreover, on account of its high accuracy and reliability and improved security monitoring, BCI technology finds application in controlling smart home applications and activities, such as opening and closing doors and windows and operating the television or music system. Furthermore, technological advancements in bio-sensing, nanotechnology, bio-signal processing, and neuro-imaging techniques, along with increasing investments in research and development (R&D) activities, are offering a positive outlook to the market. Besides this, the increasing adoption of BCI in the defense and military sector is anticipated to stimulate the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global brain computer interface market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.

Breakup by Product:

 

 
 

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  • Invasive BCI
  • Partially Invasive BCI
  • Non-invasive BCI
     

Breakup by Application:

  • Healthcare
  • Smart Home Control
  • Communication and Control
  • Entertainment and Gaming
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Advanced Brain Monitoring Inc., ANT Neuro, Compumedics Limited, EMOTIV, Medtronic plc, Natus Medical Incorporated, NeuroSky Inc., Nihon Kohden Corporation and NIRx Medical Technologies LLC.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Advanced Brain Monitoring Inc., ANT Neuro, Compumedics Limited, EMOTIV, Medtronic plc, Natus Medical Incorporated, NeuroSky Inc., Nihon Kohden Corporation and NIRx Medical Technologies LLC
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Brain Computer Interface Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product
    6.1    Invasive BCI
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Partially Invasive BCI
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Non-invasive BCI
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Application
    7.1    Healthcare
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Smart Home Control
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Communication and Control
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Entertainment and Gaming
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia-Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Price Analysis
13  Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Advanced Brain Monitoring Inc.
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
        13.3.2    ANT Neuro
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Compumedics Limited
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
           13.3.3.3 Financials
        13.3.4    EMOTIV
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Medtronic plc
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
           13.3.5.3 Financials
           13.3.5.4 SWOT Analysis
        13.3.6    Natus Medical Incorporated
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    NeuroSky Inc.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Nihon Kohden Corporation
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio
           13.3.8.3 Financials
           13.3.8.4 SWOT Analysis
        13.3.9    NIRx Medical Technologies LLC
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio

List of Figures

Figure 1: Global: Brain Computer Interface Market: Major Drivers and Challenges
Figure 2: Global: Brain Computer Interface Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Brain Computer Interface Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Brain Computer Interface Market: Breakup by Product (in %), 2021
Figure 5: Global: Brain Computer Interface Market: Breakup by Application (in %), 2021
Figure 6: Global: Brain Computer Interface Market: Breakup by Region (in %), 2021
Figure 7: Global: Brain Computer Interface (Invasive BCI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Brain Computer Interface (Invasive BCI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Brain Computer Interface (Partially Invasive BCI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Brain Computer Interface (Partially Invasive BCI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Brain Computer Interface (Non-invasive BCI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Brain Computer Interface (Non-invasive BCI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Brain Computer Interface (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Brain Computer Interface (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Brain Computer Interface (Smart Home Control) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Brain Computer Interface (Smart Home Control) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Brain Computer Interface (Communication and Control) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Brain Computer Interface (Communication and Control) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Brain Computer Interface (Entertainment and Gaming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Brain Computer Interface (Entertainment and Gaming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: North America: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: North America: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: United States: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: United States: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Canada: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Canada: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Asia-Pacific: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Asia-Pacific: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: China: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: China: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Japan: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Japan: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: South Korea: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: South Korea: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Australia: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Australia: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Indonesia: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Indonesia: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Others: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Others: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Europe: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Europe: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Germany: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Germany: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: France: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: France: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: United Kingdom: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: United Kingdom: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Italy: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Italy: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Spain: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Spain: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Russia: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Russia: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Others: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Others: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Latin America: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Latin America: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Brazil: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Brazil: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Mexico: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Mexico: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Middle East and Africa: Brain Computer Interface Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Middle East and Africa: Brain Computer Interface Market: Breakup by Country (in %), 2021
Figure 69: Middle East and Africa: Brain Computer Interface Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Global: Brain Computer Interface Industry: SWOT Analysis
Figure 71: Global: Brain Computer Interface Industry: Value Chain Analysis
Figure 72: Global: Brain Computer Interface Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Brain Computer Interface Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Brain Computer Interface Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 3: Global: Brain Computer Interface Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Brain Computer Interface Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Brain Computer Interface Market: Competitive Structure
Table 6: Global: Brain Computer Interface Market: Key Players


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Key Questions Answered in This Report

The global brain computer interface market was valued at US$ 1.5 Billion in 2021.

We expect the global brain computer interface market to exhibit a CAGR of 14.2% during 2022-2027.

The high prevalence of neurodegenerative disorders, along with the rising applications of BCI system in communicating and controlling patients with severe paralysis or in the locked-in syndrome, are primarily driving the global brain computer interface market.

The sudden outbreak of the COVID-19 pandemic had led to the postponement of elective treatment for neurodegenerative disorders to reduce the risk of the coronavirus infection upon hospital visits and interaction with medical equipment, thereby limiting the demand for brain computer interface system.

Based on the product, the global brain computer interface market has been segmented into invasive BCI, partially invasive BCI, and non-invasive BCI. Currently, non-invasive BCI holds the majority of the total market share.

Based on the application, the global brain computer interface market can be divided into healthcare, smart home control, communication and control, and entertainment and gaming. Among these, the healthcare sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global brain computer interface market include Advanced Brain Monitoring Inc., ANT Neuro, Compumedics Limited, EMOTIV, Medtronic plc, Natus Medical Incorporated, NeuroSky Inc., Nihon Kohden Corporation, and NIRx Medical Technologies LLC.

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