Brain Machine Interface Market
PUBLISHED: 2021 ID: SMRC20968
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Brain Machine Interface Market

Brain Machine Interface Market Forecasts to 2028 – Global Analysis By Application (Military and Defense, Healthcare, Gaming and Entertainment, Communication and Control, Smart Home Controls, Other Applications) and By Geography

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5.0 (27 reviews)
Published: 2021 ID: SMRC20968

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Brain Machine Interface Market is accounted for $1.27 billion in 2020 and is expected to reach $3.17 billion by 2028 growing at a CAGR of 12.1% during the forecast period. Factors such as the ongoing developments in the field of neuroscience, miniaturization of components, and increasing prevalence of brain disorders are driving the growth of the market. However, lack of skilled professionals is hampering the growth of the market.

Brain machine interface translates neuronal information into commands capable of controlling external software or hardware such as a computer or robotic arm. It is largely being used in the research studies to understand neuromuscular disorders and develop effective treatment for those conditions.

Based on the application, the healthcare segment is anticipated to expand at a rapid pace during the forecast period owing to the growing need to provide efficient solutions for the patients suffering from various neurological conditions. By geography, North America is going to have high growth during the forecast period which can be attributed to the growing popularity of virtual gaming and the presence of numerous brain machine interface providers in the region.

Some of the key players profiled in the Brain Machine Interface Market include Advanced Bionics, BrainCo, Bitbrain, Guger Technologies OG, Neuroelectrics, Mind Solutions Corp., Natus Medical, NeuroSky, Compumedics Ltd, Interactive Productline, IWinks, Emotiv Corp., InteraXon, Ripple, and ANT Neuro.

Types Covered:
• Non-Invasive
• Partially Invasive
• Invasive

Applications Covered:
• Military and Defense
• Healthcare
• Gaming and Entertainment
• Communication and Control
• Smart Home Controls
• Other Applications    

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary    
      
2 Preface     

 2.1 Abstract    
 2.2 Stake Holders   
 2.3 Research Scope   
 2.4 Research Methodology  
  2.4.1 Data Mining  
  2.4.2 Data Analysis  
  2.4.3 Data Validation  
  2.4.4 Research Approach  
 2.5 Research Sources   
  2.5.1 Primary Research Sources 
  2.5.2 Secondary Research Sources 
  2.5.3 Assumptions  
      
3 Market Trend Analysis   
 3.1 Introduction   
 3.2 Drivers    
 3.3 Restraints    
 3.4 Opportunities   
 3.5 Threats    
 3.6 Application Analysis   
 3.7 Emerging Markets   
 3.8 Impact of Covid-19   
      
4 Porters Five Force Analysis   
 4.1 Bargaining power of suppliers  
 4.2 Bargaining power of buyers  
 4.3 Threat of substitutes   
 4.4 Threat of new entrants  
 4.5 Competitive rivalry   
      
5 Global Brain Machine Interface Market, By Type 
 5.1 Introduction   
 5.2 Non-Invasive   
 5.3 Partially Invasive   
 5.4 Invasive    
      
6 Global Brain Machine Interface Market, By Application
 6.1 Introduction   
 6.2 Military and Defense   
 6.3 Healthcare   
 6.4 Gaming and Entertainment  
 6.5 Communication and Control  
 6.6 Smart Home Controls  
 6.7 Other Applications   
      
7 Global Brain Machine Interface Market, By Geography
 7.1 Introduction   
 7.2 North America   
  7.2.1 US   
  7.2.2 Canada   
  7.2.3 Mexico   
 7.3 Europe    
  7.3.1 Germany   
  7.3.2 UK   
  7.3.3 Italy   
  7.3.4 France   
  7.3.5 Spain   
  7.3.6 Rest of Europe  
 7.4 Asia Pacific   
  7.4.1 Japan   
  7.4.2 China   
  7.4.3 India   
  7.4.4 Australia   
  7.4.5 New Zealand  
  7.4.6 South Korea  
  7.4.7 Rest of Asia Pacific  
 7.5 South America   
  7.5.1 Argentina   
  7.5.2 Brazil   
  7.5.3 Chile   
  7.5.4 Rest of South America 
 7.6 Middle East & Africa   
  7.6.1 Saudi Arabia  
  7.6.2 UAE   
  7.6.3 Qatar   
  7.6.4 South Africa  
  7.6.5 Rest of Middle East & Africa 
      
8 Key Developments    
 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
 8.2 Acquisitions & Mergers  
 8.3 New Product Launch   
 8.4 Expansions   
 8.5 Other Key Strategies   
      
9 Company Profiling    
 9.1 Advanced Bionics   
 9.2 BrainCo    
 9.3 Bitbrain     
 9.4 Guger Technologies OG  
 9.5 Neuroelectrics   
 9.6 Mind Solutions Corp.   
 9.7 Natus Medical   
 9.8 NeuroSky    
 9.9 Compumedics Ltd   
 9.10 Interactive Productline  
 9.11 IWinks    
 9.12 Emotiv Corp.   
 9.13 InteraXon    
 9.14 Ripple    
 9.15 ANT Neuro   


List of Tables     
1 Global Brain Machine Interface Market Outlook, By Region (2019-2028) ($MN)
2 Global Brain Machine Interface Market Outlook, By Type (2019-2028) ($MN)
3 Global Brain Machine Interface Market Outlook, By Non-Invasive (2019-2028) ($MN)
4 Global Brain Machine Interface Market Outlook, By Partially Invasive (2019-2028) ($MN)
5 Global Brain Machine Interface Market Outlook, By Invasive (2019-2028) ($MN)
6 Global Brain Machine Interface Market Outlook, By Application (2019-2028) ($MN)
7 Global Brain Machine Interface Market Outlook, By Military and Defense (2019-2028) ($MN)
8 Global Brain Machine Interface Market Outlook, By Healthcare (2019-2028) ($MN)
9 Global Brain Machine Interface Market Outlook, By Gaming and Entertainment (2019-2028) ($MN)
10 Global Brain Machine Interface Market Outlook, By Communication and Control (2019-2028) ($MN)
11 Global Brain Machine Interface Market Outlook, By Smart Home Controls (2019-2028) ($MN)
12 Global Brain Machine Interface Market Outlook, By Other Applications (2019-2028) ($MN)
13 North America Brain Machine Interface Market Outlook, By Country (2019-2028) ($MN)
14 North America Brain Machine Interface Market Outlook, By Type (2019-2028) ($MN)
15 North America Brain Machine Interface Market Outlook, By Non-Invasive (2019-2028) ($MN)
16 North America Brain Machine Interface Market Outlook, By Partially Invasive (2019-2028) ($MN)
17 North America Brain Machine Interface Market Outlook, By Invasive (2019-2028) ($MN)
18 North America Brain Machine Interface Market Outlook, By Application (2019-2028) ($MN)
19 North America Brain Machine Interface Market Outlook, By Military and Defense (2019-2028) ($MN)
20 North America Brain Machine Interface Market Outlook, By Healthcare (2019-2028) ($MN)
21 North America Brain Machine Interface Market Outlook, By Gaming and Entertainment (2019-2028) ($MN)
22 North America Brain Machine Interface Market Outlook, By Communication and Control (2019-2028) ($MN)
23 North America Brain Machine Interface Market Outlook, By Smart Home Controls (2019-2028) ($MN)
24 North America Brain Machine Interface Market Outlook, By Other Applications (2019-2028) ($MN)
25 Europe Brain Machine Interface Market Outlook, By Country (2019-2028) ($MN)
26 Europe Brain Machine Interface Market Outlook, By Type (2019-2028) ($MN)
27 Europe Brain Machine Interface Market Outlook, By Non-Invasive (2019-2028) ($MN)
28 Europe Brain Machine Interface Market Outlook, By Partially Invasive (2019-2028) ($MN)
29 Europe Brain Machine Interface Market Outlook, By Invasive (2019-2028) ($MN)
30 Europe Brain Machine Interface Market Outlook, By Application (2019-2028) ($MN)
31 Europe Brain Machine Interface Market Outlook, By Military and Defense (2019-2028) ($MN)
32 Europe Brain Machine Interface Market Outlook, By Healthcare (2019-2028) ($MN)
33 Europe Brain Machine Interface Market Outlook, By Gaming and Entertainment (2019-2028) ($MN)
34 Europe Brain Machine Interface Market Outlook, By Communication and Control (2019-2028) ($MN)
35 Europe Brain Machine Interface Market Outlook, By Smart Home Controls (2019-2028) ($MN)
36 Europe Brain Machine Interface Market Outlook, By Other Applications (2019-2028) ($MN)
37 Asia Pacific Brain Machine Interface Market Outlook, By Country (2019-2028) ($MN)
38 Asia Pacific Brain Machine Interface Market Outlook, By Type (2019-2028) ($MN)
39 Asia Pacific Brain Machine Interface Market Outlook, By Non-Invasive (2019-2028) ($MN)
40 Asia Pacific Brain Machine Interface Market Outlook, By Partially Invasive (2019-2028) ($MN)
41 Asia Pacific Brain Machine Interface Market Outlook, By Invasive (2019-2028) ($MN)
42 Asia Pacific Brain Machine Interface Market Outlook, By Application (2019-2028) ($MN)
43 Asia Pacific Brain Machine Interface Market Outlook, By Military and Defense (2019-2028) ($MN)
44 Asia Pacific Brain Machine Interface Market Outlook, By Healthcare (2019-2028) ($MN)
45 Asia Pacific Brain Machine Interface Market Outlook, By Gaming and Entertainment (2019-2028) ($MN)
46 Asia Pacific Brain Machine Interface Market Outlook, By Communication and Control (2019-2028) ($MN)
47 Asia Pacific Brain Machine Interface Market Outlook, By Smart Home Controls (2019-2028) ($MN)
48 Asia Pacific Brain Machine Interface Market Outlook, By Other Applications (2019-2028) ($MN)
49 South America Brain Machine Interface Market Outlook, By Country (2019-2028) ($MN)
50 South America Brain Machine Interface Market Outlook, By Type (2019-2028) ($MN)
51 South America Brain Machine Interface Market Outlook, By Non-Invasive (2019-2028) ($MN)
52 South America Brain Machine Interface Market Outlook, By Partially Invasive (2019-2028) ($MN)
53 South America Brain Machine Interface Market Outlook, By Invasive (2019-2028) ($MN)
54 South America Brain Machine Interface Market Outlook, By Application (2019-2028) ($MN)
55 South America Brain Machine Interface Market Outlook, By Military and Defense (2019-2028) ($MN)
56 South America Brain Machine Interface Market Outlook, By Healthcare (2019-2028) ($MN)
57 South America Brain Machine Interface Market Outlook, By Gaming and Entertainment (2019-2028) ($MN)
58 South America Brain Machine Interface Market Outlook, By Communication and Control (2019-2028) ($MN)
59 South America Brain Machine Interface Market Outlook, By Smart Home Controls (2019-2028) ($MN)
60 South America Brain Machine Interface Market Outlook, By Other Applications (2019-2028) ($MN)
61 Middle East & Africa Brain Machine Interface Market Outlook, By Country (2019-2028) ($MN)
62 Middle East & Africa Brain Machine Interface Market Outlook, By Type (2019-2028) ($MN)
63 Middle East & Africa Brain Machine Interface Market Outlook, By Non-Invasive (2019-2028) ($MN)
64 Middle East & Africa Brain Machine Interface Market Outlook, By Partially Invasive (2019-2028) ($MN)
65 Middle East & Africa Brain Machine Interface Market Outlook, By Invasive (2019-2028) ($MN)
66 Middle East & Africa Brain Machine Interface Market Outlook, By Application (2019-2028) ($MN)
67 Middle East & Africa Brain Machine Interface Market Outlook, By Military and Defense (2019-2028) ($MN)
68 Middle East & Africa Brain Machine Interface Market Outlook, By Healthcare (2019-2028) ($MN)
69 Middle East & Africa Brain Machine Interface Market Outlook, By Gaming and Entertainment (2019-2028) ($MN)
70 Middle East & Africa Brain Machine Interface Market Outlook, By Communication and Control (2019-2028) ($MN)
71 Middle East & Africa Brain Machine Interface Market Outlook, By Smart Home Controls (2019-2028) ($MN)
72 Middle East & Africa Brain Machine Interface Market Outlook, By Other Applications (2019-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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