What is Brain Computer Interface Technology?
A brain computer interface technology is a computer-based system that collects brain signals and monitors and translates the signals to produces the output commanded to form desired results. Any type of brain signals can be used un the brain computer interface technology, the systems consist of four components which include the signal acquisition, feature extraction, feature translation, device output. These components are controlled by operating protocol to define the onset and timing of the operation, the detailing of signal processing, device commands, etc. The function of brain computer interface technology is to replace or restore function to help disabled people move affected by neuromuscular disorders like amyotrophic lateral sclerosis, cerebral palsy, stroke, or spinal cord injury.
The market study is broken down by Type (Invasive BCI and Non Invasive BCI) and major geographies with country level break-up.
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
NeuroPace, Inc. (United States), Emotiv Inc (United States), NeuroSky, Inc. (United States), Blackrock Microsystems LLC (United States), Compumedics Limited (Australia), MindMaze SA (Switzerland), Advanced Brain Monitoring, Inc. (United States), Naxon Labs (Uruguay), Neuroelectrics (Spain), Brain Products GmbH (Germany), ANT Neuro (Netherlands) and Artinis Medical Systems (Netehrlands) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Brain Computer Interface Technology market by Type, Application and Region.
On the basis of geography, the market of Brain Computer Interface Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Signal Acquisition will boost the Brain Computer Interface Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Medical will boost the Brain Computer Interface Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Head-mounted Devices will boost the Brain Computer Interface Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 12th May 2020, Naxon Labs Launches Brain to Computer Interface Solution. The company launched Explorer: a cheap and useful tool and neurofeedback system for professionals in the fields of Engineering and Information Technology, Neuroscience, and Medicine. Using this technology, you can save time with automatic blink and artifact detection and display in real-time brain wave frequencies per channel or by average.
Market Trend
- Introduction of Brain Computer Interface Technology in Car for Avoiding Accidents
- Technological Innovation in the Brain Computer Interface Technology
Market Drivers
- Rising Number of Brain Disorders Like Amyotrophic Lateral Sclerosis, Cerebral Palsy etc
- Growing Number of Severe Accidents Worldwide Leading to Brain Injuries
Opportunities
- Growing Demand for Brain Computer Interface Technology from the Military for the Purpose Telepresence
Restraints
- Lack of Security in Brain Computer Interface Technology Enabled Devices of Systems
Challenges
- Stringent Regulatory Guidelines on Brain Computer Interface Technology
- High-cost Investment in the Preparation of Brain Computer Interface Technology
Key Target Audience
Brain Computer Interface Technology Providers, Brain Computer Interface Technology International Traders, Brain Computer Interface Technology Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.