The Brain Computer Interface market is set to grow at a 13.9% CAGR, reaching $5.46 billion by 2030, driven by healthcare and gaming applications.
The increasing prevalence of brain disorders, brain tumors, and disabilities due to stroke is expected to drive growth of the global brain computer interface market over the forecast period.
Developments in BCI technology and rising number of gaming industries implementing BCI technologies drive the growth of the global brain computer interface market. Based on application, the healthcare segment held the major share in 2020. By region, on the other hand, the market across Asia-Pacific would cite the fastest CAGR by 2030.
The global brain-computer interface market was estimated at $1.48 billion in 2020 and is expected to hit $5.46 billion by 2030, registering a CAGR of 13.9% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
The global brain computer interface market is analyzed across component, type, application, and region. Based on application, the healthcare segment held the highest share in 2020, garnering more than half of the global market. The smart home control segment, on the other hand, would manifest the fastest CAGR of 19.0% from 2021 to 2030.
Based on type, the non-invasive segment accounted for more than three-fourths of the total market revenue in 2020, and is expected to retain its dominance by 2030. The invasive segment, however, would register the fastest CAGR of 18.1% throughout the forecast period.
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Profiling Key Players: 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 to 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 cite the fastest CAGR of 16.1% during the forecast period. The other provinces studied in the report include Europe and LAMEA.
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The article discusses the growth of the Brain Computer Interface market, projected to reach $5.46 billion by 2030.
Growth is driven by advancements in BCI technology and its applications in healthcare and gaming industries.
The Asia-Pacific region is expected to experience the fastest growth in the BCI market by 2030.
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