Product Code: IAS180B
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
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
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