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Report Highlights
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.
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
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 Synopsis
| Report Metrics | Details | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||||||||||||
| Forecast period considered | 2024 to 2029 | ||||||||||||||||||||
| Base year market size | $2.1 Billion | ||||||||||||||||||||
| Market size forecast | $4.5 Billion | ||||||||||||||||||||
| Growth rate | CAGR of 14.2% during 2024-2029 | ||||||||||||||||||||
| Units considered | $ Millions | ||||||||||||||||||||
| Segments covered | By Component, Technology, Type of Technique, Application, and Region | ||||||||||||||||||||
| Regions covered | Americas, Europe, Asia-Pacific, and the Middle East and Africa (MEA) | ||||||||||||||||||||
| Countries covered | The U.S., Canada, Germany, United Kingdom, France, Netherlands, China, Japan, South Korea, and India | ||||||||||||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- By Component.
- By Technology.
- By Type.
- By Application.
- By Region.
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BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
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Report Highlights
The global market for brain-computer interface (BCI) is estimated to grow from $1.9 billion in 2021 to $3.3 billion by 2026, at a compound annual growth rate (CAGR) of 11.5% during the forecast period of 2021-2026.
Report Includes
- 26 data tables and 72 additional tables
- An overview of the global market for brain-computer interface (BCI) technology ecosystem
- Analyses of the global market trends, with data from 2020, estimates for 2021, 2022 and 2024, and projections of compound annual growth rates (CAGRs) through 2026
- Estimation of the market size and market forecast for brain-computer interfaces by component, type, application, technology, and geographic region
- Assessment of the key market dynamics (DROs), R&D activities on BCIs with AI, and impact of COVID-19 on the BCI market
- Highlights of current and future market potential for BCIs, and review of regulatory framework, reimbursement scenario, and funding within the technology space
- Information on new silicon-based chips technologies, technology adoption, ethical issues, and number of publications related to BCI technology
- Regional market share analysis of BCIs covering key geographies and applications across major verticals
- Company profiles of major BCI industry participants, including Advanced Brain Monitoring Inc., ANT Neuro, CGX A Cognionics Co., Emotiv Inc., g.tec medical engineering GmbH, Natus Medical Inc., and NIRx Medical Technologies LLC
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