Valuation of the brain-computer interface market to be worth USD 5.46 billion by 2030, at a CAGR of 13.9% – Report by Allied Market Research

brain-computer interface market

The global brain-computer interface market is analyzed by component, type, application, and region.

PORTLAND, OR, USA, September 21, 2022 /EINPresswire.com/ — The report provides an in-depth analysis of major investment pockets, top winning strategies, drivers and opportunities, market size and estimates, competitive scenario and hesitant market trends.

The Global BCI market was estimated at USD 1.48 billion in 2020 and is projected to reach USD 5.46 billion by 2030, registering a CAGR of 13.9% from 2021 to 2030.

The growing adoption of sensor technologies and emerging opportunities in the healthcare sector are expected to create lucrative opportunities in the industry. Developments in BCI technology and the growing number of gaming industries implementing BCI technologies are driving the growth of the global brain-computer interface market.

Major industry players such as – Nihon Kohden Corporation, Cadwell Laboratories Inc., Integra LifeSciences, OpenBCI, Advanced Brain Monitoring, Inc., Cortech Solutions, Inc., NeuroSky, Inc., Emotiv, Inc. and Guger Technologies Natus Medical Incorporated.

Based on region, North America contributed nearly two-fifths of the total market share in 2020 and is expected to dominate by 2030. The marker across Asia-Pacific, on the other hand, would quote the fastest CAGR of 16.1% over the forecast period. Other provinces studied in the report include Europe and LAMEA.

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Based on type, the non-invasive segment accounted for more than three quarters of the total market revenue in 2020 and is expected to maintain its dominance by 2030. The invasive segment, however, would register the fastest CAGR of 18.1% while throughout the forecast period.

Based on applications, the healthcare segment held the highest share in 2020, grabbing more than half of the global market. The smart home control segment, on the other hand, would show the fastest CAGR of 19.0% from 2021 to 2030.

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COVID-19 scenario-

• During the COVID-19 pandemic, organizations that had already deployed a brain-computer interface earlier were able to quickly adapt to the new variant of the virus. The slightest contact between humans and machines has helped them achieve their business goals regardless of the unprecedented circumstances.
• In addition, people have started investing more money and time in personal technologies such as smart wearable devices, which has boosted the global brain-computer interface market.

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Segmental analysis of the market is provided in qualitative and quantitative aspects. This helps clients identify the most lucrative segment to pursue their investments, based on a comprehensive backend analysis regarding the segmental overview, coupled with a brief salutation of operating organizations and their significant development activities.

The latest industry news and developments in terms of market expansion, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansion, and more. are included in the report.

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Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unrivaled quality of “market research reports” and “Business Intelligence solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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Allied Analytics LLP
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