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
Recent Developments
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