Brain Computer Interface Market Scope and Analysis by 2031
Brain Computer Interface Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ 2.29 Billion |
Market Size by 2031 | US$ 7.23 Billion |
Global CAGR (2025 - 2031) | 16.70% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Brain Computer Interface Market News and Recent Developments
The Brain Computer Interface market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the Brain Computer Interface Market are listed below:
- Neuralink announced that it has received approval from an independent review board (IRB) to recruit consensual participants for the first human trial of its brain implant designed for patients with paralysis. Individuals with paralysis resulting from cervical spinal cord injuries or amyotrophic lateral sclerosis (ALS) may qualify for participation in this study. During the study, a brain computer interface device is expected to be surgically implanted by a robot in the target region of the brain. The Elon Musk-owned company’s initial objective is to enable patients to control a computer keyboard or cursor solely through their thoughts. (Source: Neuralink, Press Release, September 2023)
Brain Computer Interface Market Report Coverage & Deliverables
The Brain Computer Interface market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Brain Computer Interface Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Brain Computer Interface Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Brain Computer Interface Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Brain Computer Interface Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the Brain Computer Interface Market
- Detailed company profiles.