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PUBLISHER: BCC Research | PRODUCT CODE: 1578156
PUBLISHER: BCC Research | PRODUCT CODE: 1578156
Brain-Computer Interface: Global Markets
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PAGES: 129 Pages
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The global market for brain computer interface (BCI) was valued at $2.1 billion in 2023. The market is expected to grow from $2.3 billion in 2024 to $4.5 billion by 2029, at a compound annual growth rate (CAGR) of 14.2% from 2024 through 2029.
The non-invasive segment of global BCI market is expected to grow from $1.8 billion in 2024 to $3.6 billion by 2029, at a CAGR of 14.8% from 2024 through 2029.
The invasive segment of global BCI market is expected to grow from $354.8 million in 2024 to $649.0 million by 2029, at a CAGR of 12.8% from 2024 through 2029.
Report Scope
This report analyzes trends in the global brain-computer interface (BCI) market. Using 2023 as the base year, the report provides estimates of market value data for the forecast period from 2024 through 2029. Revenue forecasts for this period are segmented by component, technology, type, application and geographical region. The report covers the emerging technologies that are expected to shape the BCI market in the forecast period. It also analyzes the competitive landscape and the leading companies in the market.
Report Includes
- 25 data tables and 78 additional tables
- An analysis of the global markets for the brain-computer interface (BCI) technology ecosystem
- Analysis of global market trends, with market revenue data for 2023, estimates for 2024, forecast for 2025 and 2028, and projected CAGRs through 2029
- Estimates of the size and revenue prospects of the global BCI market, along with a market share analysis by component, technology, type of technique, application, and region
- Facts and figures pertaining to the market dynamics, technical advances, regulations, innovations, and the impact of various macroeconomic factors
- An evaluation of the market potential for BCIs, and a review of the regulatory framework, ethical issues, reimbursement scenario, and technology funding
- Patent activity and key patent grants/publications related to BCI technology
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, and the ESG scores and practices of leading companies
- Analysis of the industry structure, including companies' market shares, strategic alliances, M&A activity and a venture funding outlook
- Profiles of the market leaders, including g.tec Medical Engineering GmbH, Emotiv, Synchron, Neuralink, and Blackrock Neurotech
Product Code: IAS180B
Table of Contents
Chapter 1 Executive Summary
- Market Outlook
- Scope of the Report
- Market Summary
- Technological Advances and Applications
- Market Dynamics and Growth Factors
- Future Trends and Developments
- Segmental Analysis
- Regional Insights and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Brain-Computer Interface Technology
- Analysis of Porter's Five Forces
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat from Substitutes
- Potential for New Entrants
- Competition in the Industry
- Future of the BCI Industry
- PEST Analysis
- Political
- Economic
- Social
- Technology
- Environmental
- Patent Analysis
- Key Findings
- Conferences Focused on BCI Technology
Chapter 3 Market Dynamics
- Market Dynamics Snaphsot
- Market Drivers
- AI and BCI Product Development
- Prevalence of Neurodegenerative Disorders
- Increasing Support from Government Agencies and Associations
- Increase in Funding from Venture Capitalists and Private Entities
- Market Opportunities
- Entertainment and Gaming, Education
- AR and VR
- Market Challenges/Restraints
- Shortage of Neurosurgeons
- Shortage of Participants for Clinical Trials
- Ethical Issues
- Security Risk
Chapter 4 Emerging Technologies and Developments
- Quantum Sensors
- Wireless Interfaces
- Neurograin
- Graphene
- Flexible Electrodes
Chapter 5 Market Segmentation Analysis
- Segmentation Breakdown
- BCI Market, by Component
- Hardware
- Software
- BCI Market, by Technology
- Electroencephalography (EEG)
- Magnetoencephalography (MEG)
- Functional Magnetic Resonance Imaging (fMRI)
- Functional Near-Infrared Spectroscopy (fNIRS)
- Electrocorticography (ECoG)
- Intracortical Neuron Recording
- BCI Market, by Type
- Non-Invasive
- Partially Invasive (Minimally Invasive)
- Invasive
- BCI Market, by Application
- Healthcare and Medical
- Communication and Control
- Entertainment and Gaming
- Other Industries
- Geographic Breakdown
- Market Breakdown, by Region
- Americas
- Europe
- Asia-Pacific
- Middle East and Africa (MEA)
Chapter 6 Competitive Intelligence
- Leading Players in the BCI Market
- g.tec medical engineering GmbH
- Emotiv
- Cortech Solutions
- ANT Neuro
- Brain Products GmbH
- Synchron
- Neuralink
- Blackrock Neurotech
- Paradromics
- Precision Neuroscience
- Strategic Analysis
- Recent Developments
Chapter 7 Appendix
- Methodology
- References
- Abbreviations
- Company Profiles
- ADVANCED BRAIN MONITORING INC.
- ANT NEURO
- BITBRAIN TECHNOLOGIES
- BLACKROCK NEUROTECH
- BRAIN PRODUCTS GMBH
- CGX LLC.
- COMPUMEDICS LTD.
- CORTECH SOLUTIONS INC.
- EMOTIV
- G.TEC MEDICAL ENGINEERING GMBH AUSTRIA
- KERNEL
- MINDMAZE
- NEURALINK
- NEUROELECTRICS
- NEUROSKY
- NIRX MEDICAL TECHNOLOGIES LLC.
- PARADROMICS
- PRECISION NEUROSCIENCE CORP.
- RIPPLE NEURO
- SYNCHRON
- List of Other BCI Ecosystem Companies and Research Institutes
Product Code: IAS180B
List of Tables
- Summary Table : Global Market for BCI, by Type, Through 2029
- Table 1 : Porter's Five Forces Ratings
- Table 2 : Start-Ups in the BCI Industry
- Table 3 : Patents Filed, by Leading BCI Companies, 2023
- Table 4 : Key Patents Filed for BCI Technology, in 2024*
- Table 5 : Conferences Focused on BCI Technology
- Table 6 : Research Developments Focused on BCIs Integrated With AI
- Table 7 : Common Causes of Dementia and Associated Characteristics
- Table 8 : Global Market for BCI, by Component, Through 2029
- Table 9 : Leading BCI Hardware (Device) Companies and Their Products
- Table 10 : Leading BCI Software Companies and Their Products
- Table 11 : Signal Acquisition Methods, by Technology
- Table 12 : Global Market for BCI, by Technology, Through 2029
- Table 13 : Low-Cost Portable EEG Devices
- Table 14 : Global Market for BCI, by Type, Through 2029
- Table 15 : Comparison of Non-invasive BCI Techniques
- Table 16 : Global Market for BCI, by Application, Through 2029
- Table 17 : Global Market for BCI in Healthcare and Medical Applications, by Type, Through 2029
- Table 18 : Studies for BCI Communication and Control Applications
- Table 19 : Global Market for BCI, by Region, Through 2029
- Table 20 : DARPA's BCI R&D Investment Projects, 2002-Present
- Table 21 : BCI Research Groups and Institutions in Canada
- Table 22 : Americas Market for BCI, by Component, Through 2029
- Table 23 : Americas Market for BCI, by Type, Through 2029
- Table 24 : Americas Market for BCI, by Application, Through 2029
- Table 25 : Americas Market for BCI, by Sub-Region, Through 2029
- Table 26 : BCI Research Groups and Institutions in the U.K.
- Table 27 : BCI Research Groups and Institutions in Germany
- Table 28 : BCI Research Groups and Institutions in France
- Table 29 : BCI Research Groups and Institutions in the Netherlands
- Table 30 : BCI Research Groups and Institutions in the Rest of Europe
- Table 31 : European Market for BCI, by Component, Through 2029
- Table 32 : European Market for BCI, by Type, Through 2029
- Table 33 : European Market for BCI, by Application, Through 2029
- Table 34 : European Market for BCI, by Country, Through 2029
- Table 35 : BCI Research Groups and Institutions in China
- Table 36 : BCI Research Groups and Institutions in Japan
- Table 37 : BCI Research Groups and Institutions in South Korea
- Table 38 : Asia-Pacific Market for BCI, by Component, Through 2029
- Table 39 : Asia-Pacific Market for BCI, by Type, Through 2029
- Table 40 : Asia-Pacific Market for BCI, by Application, Through 2029
- Table 41 : Asia-Pacific Market for BCI, by Country, Through 2029
- Table 42 : MEA Market for BCI, by Component, Through 2029
- Table 43 : MEA Market for BCI, by Type, Through 2029
- Table 44 : MEA Market for BCI, by Application, Through 2029
- Table 45 : MEA Market for BCI, by Sub-Region, Through 2029
- Table 46 : Market Ranking of Global Non-Invasive BCI Companies, 2023
- Table 47 : Global Invasive and Partially Invasive BCI Companies Market Ranking, 2023
- Table 48 : Developments in the Global BCI Market, 2024
- Table 49 : Abbreviations Used in This Report
- Table 50 : Advanced Brain Monitoring Inc.: Company Snapshot
- Table 51 : Advanced Brain Monitoring Inc.: Product Portfolio
- Table 52 : ANT Neuro: Company Snapshot
- Table 53 : ANT Neuro: Product Portfolio
- Table 54 : ANT Neuro: News/Key Developments, 2022
- Table 55 : Bitbrain Technologies: Company Snapshot
- Table 56 : Bitbrain Technologies: Product Portfolio
- Table 57 : Blackrock Neurotech: Company Snapshot
- Table 58 : Blackrock Neurotech: Product Portfolio
- Table 59 : Blackrock Neurotech: News/Key Developments, 2022
- Table 60 : Brain Products GmbH: Company Snapshot
- Table 61 : Brain Products GmbH: Product Portfolio
- Table 62 : Brain Products GmbH: News/Key Developments, 2024
- Table 63 : CGX LLC.: Company Snapshot
- Table 64 : CGX LLC.: Product Portfolio
- Table 65 : Compumedics Ltd.: Company Snapshot
- Table 66 : Compumedics Ltd.: Financial Performance, FY 2022 and 2023
- Table 67 : Compumedics Ltd.: Product Portfolio
- Table 68 : Cortech Solutions Inc.: Company Snapshot
- Table 69 : Cortech Solutions Inc.: Product Portfolio
- Table 70 : Cortech Solutions Inc.: News/Key Developments, 2022 and 2023
- Table 71 : Emotiv: Company Snapshot
- Table 72 : Emotiv: Product Portfolio
- Table 73 : Emotiv: News/Key Developments, 2024
- Table 74 : G.tec Medical Engineering GmbH Austria: Company Snapshot
- Table 75 : G.tec Medical Engineering GmbH Austria: Product Portfolio
- Table 76 : Kernel: Company Snapshot
- Table 77 : Kernel: Product Portfolio
- Table 78 : Kernel: News/Key Developments, 2023 and 2024
- Table 79 : MindMaze: Company Snapshot
- Table 80 : MindMaze: Product Portfolio
- Table 81 : MindMaze: News/Key Developments, 2022 and 2023
- Table 82 : Neuralink: Company Snapshot
- Table 83 : Neuralink: Product Portfolio
- Table 84 : Neuralink: News/Key Developments, 2024
- Table 85 : Neuroelectrics: Company Snapshot
- Table 86 : Neuroelectrics: Product Portfolio
- Table 87 : NeuroSky: Company Snapshot
- Table 88 : NeuroSky: Product Portfolio
- Table 89 : NIRx Medical Technologies LLC.: Company Snapshot
- Table 90 : NIRx Medical Technologies LLC.: Product Portfolio
- Table 91 : Paradromics: Company Snapshot
- Table 92 : Paradromics: Product Portfolio
- Table 93 : Paradromics: News/Key Developments, 2023 and 2024
- Table 94 : Precision Neuroscience Corp.: Company Snapshot
- Table 95 : Precision Neuroscience Corp.: Product Portfolio
- Table 96 : Precision Neuroscience Corp.: News/Key Developments, 2023 and 2024
- Table 97 : Ripple Neuro: Company Snapshot
- Table 98 : Ripple Neuro: Product Portfolio
- Table 99 : Synchron: Company Snapshot
- Table 100 : Synchron: Product Portfolio
- Table 101 : Synchron: News/Key Developments, 2024
- Table 102 : List of Other BCI Ecosystem Companies and Research Institutes
List of Figures
- Summary Figure : Global Market Shares of BCI, by Type, 2023
- Figure 1 : Process Flow of a BCI
- Figure 2 : Porter's Five Forces for the BCI Market
- Figure 3 : Bargaining Power of Suppliers in the BCI Market
- Figure 4 : Bargaining Power of Buyers in the BCI Market
- Figure 5 : Threat from Substitutes in the BCI Market
- Figure 6 : Potential for New Entrants in the BCI Market
- Figure 7 : Competition in the Industry
- Figure 8 : Global BCI Patent Applications, 2020-2024*
- Figure 9 : Snapshot of the BCI Market Dynamics
- Figure 10 : BCI Market Drivers
- Figure 11 : Share of Global Prevalence of Major Neurodegenerative Diseases, 2023
- Figure 12 : BCI Publications and Citations, 2013 and 2022
- Figure 13 : Top Funded Companies in the BCI Ecosystem
- Figure 14 : Opportunities in the BCI Market
- Figure 15 : Challenges and Restraints in the BCI Market
- Figure 16 : Ethical Issues Related to BCI Technology
- Figure 17 : Share of Global Market for BCI, by Component, 2023
- Figure 18 : Share of Global Market for BCI, by Technology, 2023
- Figure 19 : Share of Global Market for BCI, by Type, 2023
- Figure 20 : Share of Global Market for BCI, by Application, 2023
- Figure 21 : Share of Global Market for BCI in Healthcare and Medical Applications, by Type, 2023
- Figure 22 : Share of Global Market for BCI, by Region, 2023
- Figure 23 : Share of Americas Market for BCI, by Component, 2023
- Figure 24 : Share of Americas Market for BCI, by Type, 2023
- Figure 25 : Share of Americas Market for BCI, by Application, 2023
- Figure 26 : Share of Americas Market for BCI, by Sub-Region, 2023
- Figure 27 : Share of European Market for BCI, by Component, 2023
- Figure 28 : Share of European Market for BCI, by Type, 2023
- Figure 29 : Share of European Market for BCI, by Application, 2023
- Figure 30 : Share of European Market for BCI, by Country, 2023
- Figure 31 : Share of Asia-Pacific Market for BCI, by Component, 2023
- Figure 32 : Share of Asia-Pacific Market for BCI, by Type, 2023
- Figure 33 : Share of Asia-Pacific Market for BCI, by Application, 2023
- Figure 34 : Share of Asia-Pacific Market for BCI, by Country, 2023
- Figure 35 : Share of MEA Market for BCI, by Component, 2023
- Figure 36 : Share of MEA Market for BCI, by Type, 2023
- Figure 37 : Share of MEA Market for BCI, by Application, 2023
- Figure 38 : Share of MEA Market for BCI, by Sub-Region, 2023
- Figure 39 : Funding Raised by Leading Invasive and Partially Invasive BCI Companies
- Figure 40 : Compumedics Ltd.: Revenue Share, by Business Segment, FY 2023
- Figure 41 : Compumedics Ltd.: Revenue Share, by Country/Region, FY 2023
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