Brain Computer Interface Market Prospect And Growth Assessment 2027

The global brain computer interface market size is expected to reach USD 3.7 billion by 2027, according to a new report by Grand View Research, Inc., registering a CAGR of 15.5% over the forecast period. Brain computer interface (BCI) is a revolutionary technology that facilitates direct contact between peripheral electronic devices calibrating the movement and a functional brain in physically challenged people. A BCI records the brain signal from the sensors that are placed on the scalp or devices implanted in the brain.

Further key findings from the report suggest:

• The non-invasive segment dominated the BCI market in 2019. Technological advancements and increasing popularity of gaming and entertainment act as key growth contributors for this segment
• On the basis of application, healthcare was the largest revenue generating segment in 2019. Increasing application of BCI technology for the treatment of sleeping disorders, Alzheimer’s disease, and Parkinson’s disease is a key factor contributing to the growth of the segment
• The military segment is expected to show lucrative growth over the forecast period owing to the increased application of BCI technology in war zones
• Asia Pacific is expected to exhibit the highest growth rate over the forecast period. Increasing disposable income and low-cost manufacturing sites are expected to drive the market growth in the coming years
• Some of the key companies present in the brain computer interface market are Neurosky, Compudemics, Natus Medical, Mind Solutions, and Advanced Brain Monitoring.

To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/brain-computer-interfaces-market