Global Brain Computer Interface Market - Bridging Gaps Between Machines And Humans

22 Apr
2015

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Allied Market Research published a report titled “Global Brain Computer Interface (BCI) Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020”. As per the report, the global brain computer interface market would reach $1.46 billion by 2020 at 11.5 percent CAGR amid the forecast period.

Growth in the number of brain disorder cases paired with rising government funding to improvise the healthcare segment has contributed to the growth of the BCI segment. The brain computer interface segment accounted for approximately 85 percent of the total BCI proceeds in 2013. This indicated a rapid growth in future, eliminating the need to carry out complicated surgeries and embed BCI.

Demographically, North America would have a maximum stake in brain computer interface technology because of the growing demand for BCI application in the region. Apart from North America, the APAC region has also emerged as a key market player in the computer gaming segment.

European region in past few years has emerged as the world’s third greatest market in brain control interface industry. Besides, the EC (European Commission) is introducing some active measures to help people combat motor disabilities. By the end of 2012 the European Commission had accredited nearly EUR 2.3 million to support a project that would help the major population combating motor disabilities. Albeit, BCI technology has witnessed a rising demand in the healthcare segment, it is now influencing the global computer gaming market.

A rise in the number of game developers, adoption of brain computer technology to enhance the complete gaming experience is triggering the growth of BCI market. The BCI application in 2015 has also influenced the smart home control sector and is believed to grow rapidly during the forecast period of 2014 to 2020. The high living standards across U.S and Canada are held responsible for the demand of BCI in smart home control system industry.

Akhilesh Prabhugaonkar

Author's Bio- Akhilesh Prabhugaonkar holds a bachelor’s degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.

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