The global brain-computer interface market is expected to grow from USD 2,130 million in 2022 to USD 9,445.1 million by 2032, at a 16.7% CAGR. Key drivers include rising neurodegenerative disorders and increased adoption in the gaming industry.
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The brain-computer interface (BCI) market focuses on developing systems that translate brain signals into commands for external devices, like robotic arms or computer cursors. Initially aimed at assisting paralyzed individuals, BCI applications now extend to fields like healthcare, gaming, and cognitive training.
Growth drivers include advancements in neuroscience, increased funding, and the potential to improve lives for those with disabilities. Challenges include technological complexity, ethical concerns, and regulatory hurdles.
Key applications, highlighted by the EU’s Horizon 2020 project, include enhancing motor recovery, enriching gaming experiences, controlling neuroprosthetics, enabling augmented reality, and advancing brain research. BCIs are poised to revolutionize industries and transform human-machine interactions.
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