Brain-Computer Interface Market 2018-2026| Size, Share, Opportunities and Forecast | Credence Research

Apr 2, 2019

The global brain computer interface market was valued at US$ 1,044.8 Mn in 2017 and expected to reach US$ 2,838.3 Mn by 2026, expanding at a CAGR of 11.6% from 2018 to 2026.

SANJOSE, United States - April 2, 2019 /MarketersMedia/ —

The latest market report published by Credence Research, Inc. "Brain-Computer Interface Market -Growth, Future Prospects, Competitive Analysis, 2018 -2026," the global brain-computer interface market was valued at US$1,044.8 million in 2017 and expected to reach US$2,838.3 million by 2026, expanding at a CAGR of 11.6% from 2018 to 2026.

By Signal Acquisition Type: Invasive Techniques, Noninvasive Techniques
By Application: Communication, Motor Restoration, Environmental Control, Locomotion, Entertainment, Others

Market Insights
A brain-computer interface includes hardware and software-based communication system that enables human interactions with spatial surroundings without the involvement of peripheral muscles and nerves. Therefore, a brain-computer interface allows the creation of new non-muscular technique to relay mental intentions to external devices such as assistive equipment, neural prostheses, speech synthesizers, and so on. This makes the brain-computer interface a vital tool for patients with severe motor disabilities, thus improving the quality of life while reducing the cost of intensive care. For a considerable period of time, brain-computer interface technology remained unattractive for serious scientific investigation. In the past, the concept of deciphering brain signals has been rejected as a remote idea. Therefore, the application of the brain-computer interface was limited to analyzing neurological conditions and exploring brain function.

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Due to its limited resolution and high variability, the design of the brain-computer interface was also considered very complex. These solutions also require real-time signal processing, so the required technology was not widely available and very expensive until recently. Off late, this consideration has undergone radical change in the past, flourishing to reach over 100 active research areas. Introduction of more sophisticated hardware and software has also enabled more sophisticated real-time and online analysis.

Correspondingly, the prospect of using brain-computer interface as an auxiliary technology that will serve severely disabled, advancing gaming programs, enhancing environmental control has gained significant social acceptance. Therefore interest in this technology has exceeded laboratories and clinics. Likewise, the chances of using BCIs as an auxiliary technology that could serve severely disabled people have increased social acceptance in this area and the need to accelerate its progress. Interest in this technology is now found outside the laboratory or clinic. Several companies have already developed solutions that are oriented toward the general public.

Despite these advances, most brain-computer interface applications are limited to healthcare and entertainment. Improvements in ease of use, reduced preparation time, and training will broaden the applicability of brain-computer interface, surpassing rehabilitation, computer science, psychology, and other technical disciplines. Therefore, the emergence of common brain-computer interface language will enhance the comparison of evidence, thus establishing a strong market foothold.

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ToC:
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation

Chapter 2. Executive Summary
...............
Chapter 3. Global Brain Computer Interface Market: Dynamics and Future Outlook
..............
Chapter 4. Global Brain Computer Interface Market, by Signal Acquisition Type, 2016 - 2026 (US$ Mn)
4.1. Overview
4.2. Invasive Techniques
4.2.1. Intracortical
4.2.2. Cortical Surface
4.3. Noninvasive Techniques
4.3.1. Magnetoencephalography (MEG)
4.3.2. Functional Magnetic Resonance Imaging (fMRI)
4.3.3. Functional Infrared Spectroscopy (fNIRS)
4.3.4. Electroencephalogram (EEG)

Chapter 5. Global Brain Computer Interface Market, by Application, 2016 - 2026 (US$ Mn)
5.1. Overview
5.2. Communication
5.3. Motor Restoration
5.4. Environmental Control
5.5. Locomotion
5.6. Entertainment
5.7. Others (neuromarketing, security, etc.)

Chapter 6. Global Brain Computer Interface Market, by Geography, 2016 – 2026 (US$ Mn)
...................
Chapter 7. Company Profiles
7.1. Advanced Brain Monitoring, Inc.
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. ANT Neuro
7.3. Brain Products GmbH
7.4. Cognionics, Inc.
7.5. Compumedics Ltd.
7.6. Integra LifeSciences Corporation
7.7. Neuroelectronics
7.8. InteraXon
7.9. Guger Technologies OG
7.10. Natus Medical
7.11. Quantum Applied Science and Research, Inc.
7.12. OpenBCI
7.13. Neurosky, Inc.
7.14. Mind Solutions Inc.
.............................toc continued

Browse the full report Brain Computer Interface Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.credenceresearch.com/report/brain-computer-interface-market

About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.

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Organization: Credence Research
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Website: https://www.credenceresearch.com

Source URL: https://marketersmedia.com/brain-computer-interface-market-2018-2026-size-share-opportunities-and-forecast-credence-research/497852

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Release ID: 497852

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