Neurological Gaming Technology Market Size, Key Drivers, Leading Players, Growth Strategies, Trends, Forecast to 2030

Technology of neurological games Market size reached USD 6.29 billion in 2020 and is expected to register a revenue CAGR of 12.2% during the forecast period, according to the latest analysis from Emergen Research. Growing advancements in sensing technology are expected to support market revenue growth over the forecast period. Also, the growing demand for console based therapies will drive the growth of the market. A large volume of real-time data in the form of brain waves is captured using EEG (electroencephalogram) sensors, which are then processed and analyzed using sophisticated algorithms. Similarly, VR/AR technology has an Inertial Measurement Unit (IMU) which consists of three types of sensors including an accelerometer, gyroscope and magnetometer, which is used to detect relative location and motion. from the user’s head.

In addition, the growing demand for console therapy, which involves the integration of console games for neurological rehabilitation, is another major driver of revenue growth in the global neurological gaming technology market.

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Key Companies Featured in the Report:

EMOTIV, Inc., Smart Eye AB., Qneuro Inc., Bit & Brain Technologies SL, Ultraleap Ltd., EON Reality Inc., Magic Leap, Inc., Leap Motion, Inc., Niantic, Inc. and Neuralink Corporation.

The growing demand for remote control devices has led to the development of new and better solutions to control devices remotely and improve user interaction. These are the key factors expected to drive the market revenue growth significantly.

However, high investment cost in BCI technology, lack of skilled manpower and lack of proper governance framework are expected to hamper the market revenue growth over the forecast period.

Market dynamics:

The report offers insightful insights into market dynamics of the Neuro Gaming Technology Market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Neurological Gaming Technology market, competitive landscape, factors affecting it, and to predict the growth of the industry. . It also offers the impact of various market factors along with the effects of regulatory framework on the growth of the Neuro Gaming Technology market.

Radical Highlights of the Neurological Gaming Technology Market Report:

  • Comprehensive overview of the Neuro Gaming Technology market along with an analysis of changing market dynamics
  • Assessing the growth of various market segments throughout the forecast period
  • Regional and global analysis of market players including their market share and global position
  • Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
  • Impact of Technological Developments and R&D Advancements on the Neuro Gaming Technology Market
  • Information on money-making strategies and development strategies of major companies and manufacturers
  • Relevant information for new entrants wishing to enter the market
  • Details and information on business expansion strategies, product launches and other collaborations
  • The report incorporates advanced analytical tools such as SWOT analysis, Porter’s five forces analysis, feasibility analysis and investment return analysis

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Some highlights of the report

  • Software segment revenue is expected to grow at a significantly rapid CAGR during the forecast period owing to the growing demand for sophisticated algorithms used to convert brain signals into machine language.
  • The augmented reality (AR) technology segment is expected to witness a significantly robust revenue growth rate over the forecast period owing to the growing adoption of AR technologies by market players to enhance user experience.
  • North America is expected to witness a higher revenue growth rate in the neuro gaming technology market during the forecast period than in other regional markets owing to the strong presence of international technology solution providers and national companies including BCI, AR technology, VR technology and haptic technology such as Neuralink Corporation, EMOTIV, Inc., EON Reality Inc. and Qneuro Inc. among others in the region.
  • In July 2021, EMOTIV, Inc., raised $50.0 million in a Series B funding round to make text marketing more conversational. The platform focuses on text marketing, which is similar to an actual conversation with a human being, rather than just an email. The new round of investment allowed the company to continue product development to grow its workforce to more than 200 people and open offices in Atlanta and Boston.

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Emergen Research has segmented the global neurogaming technology market on the basis of component, technology, end-use, and region:

  • Component Outlook (Revenue, USD Billion; 2021-2030)
  • Technology Outlook (Revenue, USD Billion; 2021-2030)
    • Brain-computer interface
    • augmented reality (AR) Technology
    • virtual reality (VR) Technology
    • haptic
  • End-Use Outlook (Revenue, USD Billion; 2021-2030)
    • Health
    • Education
    • Entertainment
  • Regional Outlook (Revenue, USD Billion; 2021-2030)
    • North America
      1. United
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. France
      3. United
      4. Italy
      5. Spain
      6. Benelux
      7. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East and Africa
      1. Saudi Arabia
      2. United Arab Emirates
      3. South Africa
      4. Turkey
      5. Rest of MEA

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About Emergen Research

At Emergen Research, we believe in technological progress. We are a growing market strategy consulting and research firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.

Contact us:

Eric Lee

Business Sales Specialist

Emerging Research | Website: www.emergenresearch.com

Direct Line: +1 (604) 757-9756

E-mail : [email protected]

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