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Published Date: 2016-05-03Number of Pages: 109

Brain Computer Interface Market (By Type - Invasive BCI, Partially Invasive BCI, and Noninvasive BCI; By Technology - Electroencephalography (EEG), Electrocorticography (ECOG), Near Infrared Spectroscopy (NIRS), Functional Magnetic Resonance Imaging (fMRI) and Magnetoencephalography (MEG); By Application - Health Care, Gaming and Entertainment, Communication and Others (Defense and Aerospace and Home Automation)) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

The increasing technological adoption of wearable medical devices is expected to positively support the market for brain computer interface (BCI) technology. The demand for BCI devices is expected to increase primarily in the health care and gaming and entertainment industries. Ageing induces brain-related disorders such as stroke, depression, and Parkinson’s disease. These disorders can be treated with the use of BCI devices. Therefore, the ageing population is one of the key drivers for the growth of the global BCI devices market. The revenue of the global BCI market stood at US$ 383.2 Mn in 2015; this is projected to expand at a CAGR of 14.9% during the forecast period (2016 to 2024) and reach a market size of US$ 1,232.6 Mn by 2024. 

As per the report, North America was the largest market in terms of revenue in 2015. Rising investment in the health care sector is expected to support R&D initiatives in the North American BCI market in the coming years. The U.S. is expected to be a significant contributor to the BCI market in North America. Europe is expected to contribute a healthy market share during the forecast period owing to the existence of high technological investments and comparatively quicker adoption of BCI devices. The Europe BCI market is expected to expand at a CAGR of 14.0% over the forecast period from 2016 to 2024. Innovations in the BCI market are primarily introduced in North America and then in Rest of the World.

Due to rapid population growth and rising disposable incomes, Asia Pacific is expected to remain a significant market for BCI devices in the coming years. Countries such as Japan, China, and South Korea are expected to witness the significant adoption of BCI devices. Rest of MEA and GCC countries are expected to be major contributors to the MEA BCI market during the coming years. The demand for electroencephalography (EEG) based devices is expected to remain significant in North America, Europe, and Asia Pacific. The health care and gaming and entertainment industries are expected make a major contribution to the growth of the BCI market in Latin America.
 
Noninvasive BCI devices would account for a significant market share among all other types throughout the forecast period. The application of BCI technology would be greater in the health care context, as a part of the treatment of brain-related disorders and diseases. The communication segment would account for the highest CAGR growth over forecast period until 2024 among all applications.    

brain-computer-interface-market

BCI manufacturers are creating new technologies continuously in order to focus on user ergonomics and offer products that are highly compatible with different applications. In 2015, some of the key manufacturers of BCI technology were Emotiv Systems, Inc., Cadwell Industries, Inc., Nerusky, Inc., OpenBCI, Advanced Brain Monitoring, Inc., Artinis Medical Systems B.V., ANT Neuro B.V., Nihon Kohden Corporation, Blackrock Microsystems LLC, Elekta AB, NeuroPace Inc., and Mindmaze SA.  

Table of Contents

Chapter 1 Preface
1.1 Report Scope
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Global Brain Computer Interface Market (BCI) Snapshot
2.2 Global Brain Computer Interface Market Revenue, 2014 – 2024 (US$ Mn) and Year-on-Year Growth (%)

Chapter 3 Global Brain Computer Interface Market Analysis, 2014 – 2024 (US$ Mn)
3.1 Definitions
3.2 Key Trends Analysis
3.3 Market Dynamics
     3.3.1 Drivers
     3.3.2 Restraints
     3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis
3.5 Global Brain Computer Interface Market Analysis, By Type, 2014 – 2024 (US$ Mn)
     3.5.1 Overview
     3.5.2 Invasive BCI
     3.5.3 Partially Invasive BCI
     3.5.4 Noninvasive BCI
3.6 Global Brain Computer Interface Market Analysis, By Technology, 2014 – 2024 (US$ Mn)
     3.6.1 Overview
     3.6.2 Electroencephalography (EEG)
     3.6.3 Electrocorticography (ECOG)
     3.6.4 Near Infrared Spectroscopy (NIRS)
     3.6.5 Functional Magnetic Resonance Imaging (fMRI)
     3.6.6 Magnetoencephalography (MEG)
3.7 Global Brain Computer Interface Market Analysis, By Application, 2014 – 2024 (Mn Units)
     3.7.1 Overview
     3.7.2 Healthcare
     3.7.3 Gaming and Entertainment
     3.7.4 Communication
     3.7.5 Others (Defense and Aerospace, Home Automation)
3.8 Competitive Landscape
     3.8.1 Market Positioning of Key Players, 2014
     3.8.2 Competitive Strategies Adopted by Leading Players

Chapter 4 North America Brain Computer Interface Market Analysis, 2014 – 2024 (US$ Mn)
4.1 Key Trends Analysis
4.2 North America Brain Computer Interface Market Analysis, By Type, 2014 – 2024 (US$ Mn)
     4.2.1 Overview
     4.2.2 Invasive BCI
     4.2.3 Partially Invasive BCI
     4.2.4 Noninvasive BCI
4.3 North America Brain Computer Interface Market Analysis, By Technology, 2014 – 2024 (US$ Mn)     
     4.3.1 Overview
     4.3.2 Electroencephalography (EEG)
     4.3.3 Electrocorticography (ECOG)
     4.3.4 Near Infrared Spectroscopy (NIRS)
     4.3.5 Functional Magnetic Resonance Imaging (fMRI)
     4.3.6 Magnetoencephalography (MEG)
4.4 North America Brain Computer Interface Market Analysis, By Application, 2014 – 2024 (Mn Units)
     4.4.1 Overview
     4.4.2 Healthcare
     4.4.3 Gaming and Entertainment
     4.4.4 Communication
     4.4.5 Others (Defense and Aerospace, Home Automation)
4.5 North America Brain Computer Interface Market Analysis, By Region, 2014 – 2024 (US$ Mn)
     4.5.1 Overview
     4.5.2 U.S.
     4.5.3 Rest of North America

Chapter 5 Europe Brain Computer Interface Market Analysis, 2014 – 2024 (US$ Mn)
5.1 Key Trends Analysis
5.2 Europe Brain Computer Interface Market Analysis, By Type, 2014 – 2024 (US$ Mn)
     5.2.1 Overview
     5.2.2 Invasive BCI
     5.2.3 Partially Invasive BCI
     5.2.4 Noninvasive BCI
5.3 Europe Brain Computer Interface Market Analysis, By Technology, 2014 – 2024 (US$ Mn)
     5.3.1 Overview
     5.3.2 Electroencephalography (EEG)
     5.3.3 Electrocorticography (ECOG)
     5.3.4 Near Infrared Spectroscopy (NIRS)
     5.3.5 Functional Magnetic Resonance Imaging (fMRI)
     5.3.6 Magnetoencephalography (MEG)
5.4 Europe Brain Computer Interface Market Analysis, By Application, 2014 – 2024 (Mn Units)
     5.4.1 Overview
     5.4.2 Healthcare
     5.4.3 Gaming and Entertainment
     5.4.4 Communication
     5.4.5 Others (Defense and Aerospace, Home Automation)
5.5 Europe Brain Computer Interface Market Analysis, By Region, 2014 – 2024 (US$ Mn)
     5.5.1 Overview
     5.5.2 EU7
     5.5.3 CIS
     5.5.4 Rest of Europe

Chapter 6 Asia Pacific Brain Computer Interface Market Analysis, 2014 – 2024 (US$ Mn)
6.1 Key Trends Analysis
6.2 Asia Pacific Brain Computer Interface Market Analysis, By Type, 2014 – 2024 (US$ Mn)
     6.2.1 Overview
     6.2.2 Invasive BCI
     6.2.3 Partially Invasive BCI
     6.2.4 Noninvasive BCI
6.3 Asia Pacific Brain Computer Interface Market Analysis, By Technology, 2014 – 2024 (US$ Mn)
     6.3.1 Overview
     6.3.2 Electroencephalography (EEG)
     6.3.3 Electrocorticography (ECOG)
     6.3.4 Near Infrared Spectroscopy (NIRS)
     6.3.5 Functional Magnetic Resonance Imaging (fMRI)
     6.3.6 Magnetoencephalography (MEG)
6.4 Asia Pacific Brain Computer Interface Market Analysis, By Application, 2014 – 2024 (Mn Units)
     6.4.1 Overview
     6.4.2 Healthcare
     6.4.3 Gaming and Entertainment
     6.4.4 Communication
     6.4.5 Others (Defense and Aerospace, Home Automation)
6.5 Asia Pacific Brain Computer Interface Market Analysis, By Region, 2014 – 2024 (US$ Mn)
     6.5.1 Overview
     6.5.2 Japan
     6.5.3 China
     6.5.4 South Asia
     6.5.5 Australasia
     6.5.6 Rest of APAC

Chapter 7 Middle East and Africa (MEA) Brain Computer Interface Market Analysis, 2014 – 2024 (US$ Mn)
7.1 Key Trends Analysis
7.2 MEA Brain Computer Interface Market Analysis, By Type, 2014 – 2024 (US$ Mn)
     7.2.1 Overview
     7.2.2 Invasive BCI
     7.2.3 Partially Invasive BCI
     7.2.4 Noninvasive BCI
7.3 MEA Brain Computer Interface Market Analysis, By Technology, 2014 – 2024 (US$ Mn)
     7.3.1 Overview
     7.3.2 Electroencephalography (EEG)
     7.3.3 Electrocorticography (ECOG)
     7.3.4 Near Infrared Spectroscopy (NIRS)
     7.3.5 Functional Magnetic Resonance Imaging (fMRI)
     7.3.6 Magnetoencephalography (MEG)
7.4 MEA Brain Computer Interface Market Analysis, By Application, 2014 – 2024 (Mn Units)
     7.4.1 Overview
     7.4.2 Healthcare
     7.4.3 Gaming and Entertainment
     7.4.4 Communication
     7.4.5 Others (Defense and Aerospace, Home Automation)
7.5 MEA Brain Computer Interface Market Analysis, By Region, 2014 – 2024 (US$ Mn)
     7.5.1 Overview
     7.5.2 GCC Countries
     7.5.3 South Africa
     7.5.4 Rest of MEA

Chapter 8 Latin America Brain Computer Interface Market Analysis, 2014 – 2024 (US$ Mn)
8.1 Key Trends Analysis
8.2 Latin America Brain Computer Interface Market Analysis, By Type, 2014 – 2024 (US$ Mn)
     8.2.1 Overview
     8.2.2 Invasive BCI
     8.2.3 Partially Invasive BCI
     8.2.4 Noninvasive BCI
8.3 Latin America Brain Computer Interface Market Analysis, By Technology, 2014 – 2024 (US$ Mn)
     8.3.1 Overview
     8.3.2 Electroencephalography (EEG)
     8.3.3 Electrocorticography (ECOG)
     8.3.4 Near Infrared Spectroscopy (NIRS)
     8.3.5 Functional Magnetic Resonance Imaging (fMRI)
     8.3.6 Magnetoencephalography (MEG)
8.4 Latin America Brain Computer Interface Market Analysis, By Application, 2014 – 2024 (Mn Units)
     8.4.1 Overview
     8.4.2 Healthcare
     8.4.3 Gaming and Entertainment
     8.4.4 Communication
     8.4.5 Others (Defense and Aerospace, Home Automation)
8.5 Latin America Brain Computer Interface Market Analysis, By Region, 2014 – 2024 (US$ Mn)
     8.5.1 Overview
     8.5.2 Brazil
     8.5.3 Rest of Latin America

Chapter 9 Company Profiles
9.1 Emotiv Systems, Inc.
9.2 Cadwell Indsutries, Inc.
9.3 Nerusky, Inc.
9.4 OpenBCI
9.5 Advanced Brain Monitoring, Inc.
9.6 Artinis Medical Systems B.V.
9.7 ANT Neuro B.V.
9.8 Nihon Kohden Corporation
9.9 Blackrock Microsystems LLC
9.10 Elekta AB
9.11 NeuroPace Inc.
9.12 Mindmaze SA

A brain computer interface (BCI) device provides collaboration between the brain and an external device by interpreting electrical signals received from the brain. The global BCI market is segmented on the basis of type, technology, application, and geography. The type segmentation comprises invasive, partially invasive, and noninvasive BCI devices. Invasive BCI devices have electrodes or plates that penetrate the skull and touch the gray matter of the brain. Partially invasive BCI devices penetrate the skull, but rest outside the gray matter of the brain. The revenue of each type segment is included in the technology segmentation covered in the report.

The technology segmentation covers electroencephalography (EEG), electrocorticography (ECOG), near-infrared spectroscopy (NIRS), functional magnetic resonance imaging (fMRI), and magnetoencephalography (MEG). This detailed segmentation provides upcoming trends in the market according to technological evolution in BCI. The demand for fMRI and MEG is expected to increase gradually in the coming years owing to the high cost of installation. However, the demand for EEG and NIRS is expected to increase due to rising demand for wearable BCI devices.

Based on geographical regions, the report segments the global BCI market into North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, which are analyzed in terms of revenue and volume generation. North America is further segmented into the U.S. and Rest of North America, while Europe is divided into EU7, Commonwealth of Independent States (CIS), and Rest of Europe. Asia Pacific is subdivided into Japan, China, South Asia, Australasia, and Rest of Asia Pacific. Also, MEA is further segmented into Gulf Cooperation Council (GCC) countries, South Africa, and Rest of MEA, while Latin America is subdivided into Brazil and Rest of Latin America.

The report also provides an analysis of the factors that drive and restrain the growth of the BCI market. The report also discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the brain computer device market. It also provides market estimates and forecasts for all the segments in terms of revenue. The report also include porter five model analysis of BCI market.  

Major business strategies adopted by key players, their market positioning, and various recent developments have also been identified in the research report. The prominent manufacturers who offer BCI devices include Emotiv Systems, Inc., Cadwell Industries, Inc., Nerusky, Inc., OpenBCI, Advanced Brain Monitoring, Inc., Artinis Medical Systems B.V., ANT Neuro B.V., Nihon Kohden Corporation, Blackrock Microsystems LLC, Elekta AB, NeuroPace Inc., and Mindmaze SA.

Brain Computer Interface (BCI) Market

By Type

  • Invasive BCI
  • Partially Invasive BCI
  • Non Invasive BCI

By Technology

  • Electroencephalography (EEG)
  • Electrocorticography (ECOG)
  • Near Infrared Spectroscopy (NIRS)
  • Functional Magnetic Resonance Imaging (fMRI)
  • Magnetoencephalography (MEG)

By Application

  • Healthcare
  • Gaming and Entertainment
  • Communication
  • Others (Defense and Aerospace and Home Automation)

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America