Valley Cottage, NY -- (SBWIRE) -- 06/30/2020 -- Growing interest on controlling devices from human brain signal is the key factor contributes growth of global brain computer interface (BCI) market. Brain-Computer Interface (BCI) is a unidirectional communication system, which allow control of devices through brain signal. Brain Computer Interface (BCI) acts as a communication channel between human brain and the computer system. Brain-computer interface (BCI) is used to transform the human brain intentions into a control signal, utilized in various applications, including healthcare, entertainment and robotics. For example, communication system with global brain computer interface (BCI) technology, allows disabled people to interact with the external environments and communicate with other people without the need for muscular or peripheral neural activity.
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Brain Computer Interface: Market Dynamics
Increasing focus on integrating brain computer interface (BCI) technology into various healthcare application, continuous focus on developing communication technology for disabled and geriatric population, and growing interest on integrating brain computer interface (BCI) technology with various military applications, are the key factors drives the growth of global brain computer interface (BCI) market.
Rising focus on utilizing brain computer interface to control internet of things (IoT) devices, smart home applications and various virtual reality applications, accelerates the growth of the growth of global brain computer interface (BCI) market.
Additionally, continues technological advancement in bio-sensing, nanotechnology, bio-signal processing and neuro-imaging techniques, and increasing R&D investments for integrating brain computer interface (BCI) technology with real-life applications, are the factors expected to fuel the growth of global brain computer interface (BCI) market.
However, lack of awareness, poor information transfer rate of brain computer interface (BCI), and technological challenges related to integration of brain computer interface (BCI) technology with other devices, are the key factors identified as the restraints likely to deter the progression of global brain computer interface (BCI) market.
Brain Computer Interface: Regional Outlook
North America brain computer interface (BCI) market is expected to dominate the market, due increasing investment for developing advanced healthcare solution, and increasing R & D initiatives from educational sector, and expanding research laboratories focused on brain computer interface (BCI) development. Asia pacific brain computer interface (BCI) market is identified as the fastest growing market, due to continuous focus on sensor based technologies and continuous adaptation to advanced healthcare solution.
Brain Computer Interface: Competition Landscape
Some of the prominent vendors in the global brain computer interface (BCI) market are, Mind Solutions Inc, EMOTIV Inc., NIHON KOHDEN CORPORATION, ANT Neuro, Advanced Brain Monitoring, Inc., Cadwell Industries, Inc., NeuroSky, G.TEC MEDICAL ENGINEERING GMBH, Natus Medical Incorporated, Artinis Medical Systems, OpenBCI, and MindMaze
The report covers exhaustive analysis on:
Global Brain Computer Interface (BCI) Market Segments
Global Brain Computer Interface (BCI) Market Dynamics
Historical Actual Market Size, 2013 - 2015
Global Brain Computer Interface (BCI) Market Size & Forecast 2017 to 2027
Supply & Demand Value Chain
Global Brain Computer Interface (BCI) Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Global Brain Computer Interface (BCI) Market Drivers and Restraints
Regional analysis for Global Bare Metal Cloud Market includes
North America
US & Canada
Latin America
Brazil, Mexico, Others
Western Europe
EU5
Nordics
Benelux
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific (excluding Japan)
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of component, the global brain computer interface (BCI) market can be segmented intoHardware
SoftwareOn the basis of type, the global brain computer interface (BCI) market can be segmented intoInvasive BCI
Non-invasive BCI
Partially Invasive BCIOn the basis of technology, the global brain computer interface (BCI) market can be segmented intoElectroencephalography (EEG)
Magneto encephalography (MEG)
Electrocorticography (ECoG)
Intracortical Neuron Recording
Functional Magnetic Resonance Imaging (fMRI)
Near Infrared Spectroscopy (NIRS)On the basis of applications, the global brain computer interface (BCI) market can be segmented intoMedical & Healthcare applications
Entertainment
Education & Research
Defence & Aerospace
Home Automation
Other (Robotics…etc.)Regionally, the global brain computer interface (BCI) market is segmented intoNorth America
Latin America
Western Europe
Eastern Europe
Middle East & Africa (MEA)
Asia Pacific excluding Japan (APEJ)
Japan