BANGALORE, India, May 13, 2020
BANGALORE, India, May 13, 2020 /PRNewswire/ -- A brain computer interface is a computer-based program that acquires, analyzes, and converts brain signals into commands transmitted to an output device to perform the desired action. Any type of brain signal can, in principle, be used to monitor a BCI device.
The global brain computer interface (BCI) market size was estimated at USD 1.36 Billion in 2019 and is expected to reach USD3.85 Billion by 2027, rising at a 14.3% CAGR from 2020 to 2027.
Some of the major factors driving the BCI market are numerous technological advances in the field of human-machine sensing, application of BCI technology in entertainment, gaming and communication & control, increased use of BCI technology in the healthcare sector.
Based on global revenue, the report lists the major players in the regions and their market share, respectively. This study also analyses the effect of the COVID-19 (coronavirus) on the Brain Computer Interface (BCI) Market.
TENDS INFLUENCING THE BRAIN COMPUTER INTERFACE MARKET SIZE
BRAIN COMPUTER INTERFACE MARKET SHARE ANALYSIS:
KEY MARKET SEGMENTS
Brain Computer Interface Market By Type
Brain Computer Interface Market By Application
Brain Computer Interface Market By Region
Key Market Players
● Brain Computer Interface Devices Market Report
Based on the global Brain Computer Interface Devices Market, the study lists the major producers in the regions and their respective market share. It also outlines their strategic developments in recent years, investments in product innovation and leadership changes to remain ahead in the market. The major regions covered in the study are North America, Europe, China, the rest of Asia Pacific, Central & South America, Middle East & Africa, etc.
● Human Machine Interface Devices
A Human-Machine Interface (HMI) is a dashboard or user interface that connects a person to a computer, program, or device. While the term can be applied theoretically to any screen which allows a user to interact with a computer, HMI is most commonly used in an industrial process.
Developments in HMI programming tools to incorporate the ability to handle a multi-vendor environment are expected to drive the Human Machine Interface Devices market size during the forecast period.
The growing trend of protocol conversion for data sharing between all connected devices is anticipated to further catalyze the growth of the HMI devices market size. Additionally, technical developments such as open platform architecture or OPA, resulting in migration process improvement, is expected to fuel the market growth.
● Covid-19 Impact on Global Brain Computer Interface Technology Market
The COVID -19 pandemic has spread to nearly 100 countries across the globe since the outbreak in December 2019. The global impacts of the 2019 coronavirus disease (COVID-19) are already starting to be felt and will affect the Global Brain Computer Interface Technology Market.
The study covers the size of the market for the period 2015-2026. It also includes the market size and forecast in terms of revenue for the period 2015-2026 by each application segment.
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