This includes coverage across non-invasive and invasive technologies, comparisons across key technical benchmarks, and market forecasts from 2025 to 2045. This research includes 20 company profiles, including coverage of Neuralink and Blackrock Neurotech. The report leverages IDTechEx’s decades of experience researching healthcare and consumer electronics markets. There is an analysis of the opportunities within assistive technology markets, as well as the broader wearable technology markets, specifically the augmented and virtual reality headset market. This report reveals an evolving opportunity for both non-invasive and invasive technologies across the next twenty years, with the overall brain computer interface market forecast to grow to over US$1.6bn by 2045.
Brain computer interfaces can decode neural signals for the control of electronic devices. Electrodes or sensors can be placed either on the surface of the head, within the skull, or even within the brain itself to record brain activity. When connected with data acquisition systems and the right software, brain computer interfaces can offer an alternative form of human machine interfacing. This technology has the potential to revolutionize the quality of life for people living with spinal cord injury, quadriplegia, and other motor and speech function impairments.
Non-invasive technology approaches include electroencephalography (EEG), functional near infrared spectroscopy (fNIRS) and now even wearable magnetoencephalography (MEG). Whilst non-invasive devices have an established market for brain monitoring, their potential for brain computer interfacing is yet to be realized. However, as the technology continues to improve, so does data processing techniques. This is complimented by an increased consumer acceptance of head-worn wearables such hearables and AR/VR headsets. This report analyses the corresponding scale of market opportunity this could bring, alongside the challenges and emerging competitor technologies including electromyography (EMG), eye tracking and hand tracking.
Hype around invasive brain computer interfaces remains high. High profile companies such as Neuralink and Blackrock Neurotech have gained more public attention as trials in human patients begin, and funding levels dramatically increase. Yet there are more players seeking to enter this market than many realize, competing on levels of invasiveness, biocompatibility, system complexity and time to market. This report outlines the distinct approaches of each, alongside detailed company profiles.
Overall, this report not only details the major technology approaches for brain computer interfacing, but also critically compares the applications, competition, remaining challenges and corresponding market outlook for each. This is alongside coverage of supply chain innovations impacting this market, including coverage of wearables sensors such as dry-electrodes, photo-detectors and magnetic field sensors including quantum sensors.
Source: idtechex.com