Neurological Game Technology Market Types, Applications, Products, Share, Growth, Insights and Forecasts Report 2030
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Neurological Game Technology market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Neurological Game Technology market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
Neurological game technology 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 latest analysis by Emergen Research. Rising advancements in sensing technology are expected to support market revenue growth during the forecast period. Besides, rising demand for console-based therapy will boost market growth. Large volume real-time data in form of brain waves is captured using EEG (Electroencephalogram) sensors, which are further processed and analyzed using sophisticated algorithms.
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Further key findings from the report suggest
- Software segment revenue is expected to expand at a substantially rapid CAGR during the forecast period due to rising demand for sophisticated algorithms that are used to convert brain signals into machine language.
- Augmented Reality (AR) technology segment is expected to register a significantly robust revenue growth rate over the forecast period owing to increasing adoption of AR technologies by market players for improving user experience.
- North America is expected to register a larger revenue growth rate in the neurological game technology market over the forecast period than other regional markets owing to robust presence of international and domestic technology solution providers which include 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.
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The report offers a complete analysis of the global Neurological Game Technology market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. EMOTIV, Inc., Smart Eye AB., Qneuro Inc., Bit & Brain Technologies S.L., Ultraleap Ltd., EON Reality Inc., Magic Leap, Inc., Leap Motion, Inc., Niantic, Inc., and Neuralink Corporation. and others are some of the top companies profiled in the report.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
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Emergen Research has segmented the global neurological game 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 Technology
- End-use Outlook (Revenue, USD Billion; 2021–2030)
Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report addresses the following key points:
- The report provides a forecast of market drivers, restraints, and future opportunities for the Neurological Game Technology market
- The report further analyses the changing market dynamics
- Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
- Extensive competitive landscape mapping with profiles of the key competitors
- In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
- Revenue forecast, country scope, application insights, and product insights
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