A brain computer interface (BCI) is a revolutionary system that facilitates a direct communication pathway between a functional brain and peripheral electronic devices that are used to calibrate the movement in physically challenged individuals. A brain computer interface system records the brain signal from the surface of the cortex, through signaling devices implanted within the brain or from the sensors placed over the scalp.
These signals are then transmitted to the connected peripheral device that enables the operator to perform numerous tasks. With the help of a brain computer interface system, the paralyzed and handicapped individuals can overcome their physical challenges and perform various day-to-day tasks. The primary function of a brain computer interface device is to intercept the electrical signals that pass between the neurons and transmit them to an external device. Brain computer interface (BCI) is also referred to as a brain machine interface (BMI), direct neural interface (DNI), or mind machine interface (MMI).

Numerous technological developments in the field of computation, human sensing, along with the application of brain computer interface technology for entertainment, gaming, communication, and control, are some of the major factors that drive the growth of the brain computer interface market size. Intensive research carried out to develop a cure for paralyzing brain disorders and injuries is likely to boost the brain computer interface market. However, the ethical problem faced during the research, i.e. use of brain computer interface on patients whose informed consent cannot be obtained, can act as a restraint for the brain computer interface industry.

Market Analysis and Insights: Global Brain Computer Interface Market
The global Brain Computer Interface market size is projected to reach US$ 203 million by 2026, from US$ 179 million in 2020, at a CAGR of 12.4%% during 2021-2026.

Global Brain Computer Interface Scope and Market Size
Brain Computer Interface market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Brain Computer Interface market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The key players covered in this study

Nihon Kohden Corporation
Mind Solutions
Advanced Brain Monitoring
Quantum Applied Science and Research
Cadwell Laboratories
OpenBCI
Cortech Solutions
NeuroSky
Emotiv
Guger Technologies OEG

Market segment by Type, the product can be split into

Invasive
Non-invasive
Partially invasive

Market segment by Application, split into

Healthcare
Communication and control
Entertainment and gaming
Smart home control
Others

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India
Central & South America