Brain computer interface (BCI) which is also known as neural-control interface (NCI), direct neural interface (DNI), mind-machine interface (MMI) or brain-machine interface (BMI). The brain computer interface is a direct communication pathway or an interactive platform between an external device and the brain. The technologies that are integrated with BCI system for capturing electrical signals which are sent by the human brain is called as Brain imaging technologies. Electroencephalography (EEG), Magneto encephalography (MEG), Electrocorticography (ECOG) and functional Magnetic Resonance (fMRI) are some of the technologies that integrated with BCI systems.
Electroencephalography (EEG) device’s traditional use as a diagnostic tool is now advanced to a range of applications that are used for monitoring stress and fatigue, as a means of communication for patient using BCI. The brain computer interface is more technology driven so it is widely used in mobile and virtual gaming industries by integrating BCI within virtual reality (VR) headsets. BCI is also used for controlling of smart home applications with high accuracy and reliability.
Brain Computer Interface Market: Key Players
The research study includes profiles of leading companies operating in the global brain computer interface market. Key players profiled in the report include: OpenBCI, Advanced Brain Monitoring, Inc., NIHON KOHDEN CORPORATION, Natus Medical Incorporated, Cadwell Industries, Inc., Integra LifeSciences, NeuroSky, G.tec medical engineering GmbH, Cortech Solutions, Inc. and Emotiv.
Drivers for the Global Brain Computer Interface Market:
Several technological developments in the field of entertainment, gaming and communication & control by using interactive BCI technological application is one of the major factor that is driving the growth of the global brain computer interface market. Along with this, continuous innovations in computational and sensor technology and to develop the treatments for brain disorders, sleep disorders and cerebrovascular diseases are some another factors that are also enhancing the growth of the global brain computer interface market. Additionally, research institutes and governments have invested in the BCI system development which have encouraged research activities to boost the market growth.
Opportunities for the Global Brain Computer Interface Market:
Rise in the use of BCI in the virtual gaming for mind-controlled headsets and gadgets which have provides new opportunities that drives the growth of the global brain computer interface market during the forecast period. Along with this, integration of Artificial Intelligence with BCI is another major factor that will boost the growth of the global brain computer interface market in the forecast period. Additionally, increasing incidence of neurodegenerative disorders like Alzheimer’s and Parkinson’s disease is another factor that expected to drive the demand for brain computer interface market over the forecast period.
Restrains for the Global Brain Computer Interface Market:
Due to the shortage of skilled technicians that need to handle the complex devices that are in BCI is considered as one of the major factor that is hampering the growth of the global brain computer interface market. Along with this, ethical problems that are faced during research and cyber security threats is another factor that is restricting the growth of the global brain computer interface market.
Region Wise, Global Brain Computer Interface Market Analysis:
On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America held the largest share in the market because of rising incidences of brain disorders and cerebrovascular diseases, development of technologically advanced BCI systems, competition among the key market players for developing innovative products. The European countries are also having maximum share in the global brain computer interface market followed by the Asia Pacific region.
Global Brain Computer Interface Market: Product analysis
- Invasive BCI
- Non-invasive BCI
- Partially Invasive BCI
Global Brain Computer Interface Market: Application analysis
- Communication & Control
- Smart Home Control
- Entertainment & Gaming
Global Brain Computer Interface Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East