The global brain computer interface (BCI) market is growing at a significant CAGR during the forecast period. BCI also known as the neural control interface is a system that allows a user to control devices with the help of brain signals. It is a revolutionary technology which provides a direct communication network between the electronic device and the human brain. BCI system collects the signals from the cortex of the brain by utilizing implanted signaling devices within the brain.

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Factors driving the global BCI market
• Increasing the adoption rate
• The rise in accidents and casualties
• High investments in research and development
• High economic growth

One of the major factors driving the global brain computer interface market is the rise in neurodegenerative disorders. These disorders primarily affect the neurons in the human brain. Some of the most common neurodegenerative disorders include Alzheimer’s disease, Parkinson’s disease, Epilepsy, Prion disease, and Motor neuron diseases. Additionally, the high adoption rate across the globe on accounts of the increasing accidents and casualties is propelling the market growth. Increasing geriatric population in developing as well as developed economies are further assisting in the growth of the BCI market. Moreover, huge investments and a rise in funds in research and development in BCI are expected to fuel the market during the forecast period.

In recent years, various technological advancements have been carried out in the fields such as human sensing and computation field. Moreover, the rise in the application of BCI such as entertainment, gaming, and communications are some of the major factors assisting in the growth of the global BCI market. Further, mobile and console gaming industry are trying to implement BCI technology in upcoming VR systems and games. Increase in a number of VR embedded console and mobile games are fueling the gaming industry which ultimately leads to the rise in the growth of the market. However, lack of skilled professionals, misuse of essential data and ethical issues are expected to hamper the market growth.

Global Brain Control Interface (BCI) Market- Segmentation

By Component
• Hardware
• Software

By Type
• Invasive BCI
• Partially Invasive BCI
• Non-Invasive BCI

By Application
• Medical
• Smart Home Control
• Gaming & Virtual Reality
• Communication and Control

By Technology
• Electro-Encephalography (EEG)
• Magnetoencephalography (MEG)
• Electrocorticography (ECOG)
• Functional Magnetic Resonance Imaging (FMRI)
• Near-Infrared Spectroscopy
• Intracortical Neuro Recording

By End-User
• Healthcare
• Educational & Research
• Defense & Aerospace

Global Brain Control Interface (BCI) Market - Region

North America
• US
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Middle East & Africa
• Latin America

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