Global Brain Computer Interface (BCI) market will reach 283.04 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/14

The growing adoption of BCI technology is attributable to its rising awareness in treating a wide range of brain disorders. The growing incidences of brain disorders, stroke, depression, and Parkinson’s disease among the elderly population are expected to boost market growth. The mounting use of BCI technology in the home control systems, military communication, and virtual gaming is expected to enhance the growth opportunities of the global brain computer interface market in the near future. Growing research and development activities by governments to improve brain computer interface technology and expand its end uses are expected to propel the market in the forthcoming years.

However, the high cost of investment in BCI technology will hamper the growth of the market over the forecast period.

As per the report, the global brain computer interface (BCI) market is estimated to reach US$283.04 mn by 2025 from US$125.21 mn in the year 2018. The market is expected to register a robust CAGR of 12.43% throughout the forecast period of 2019-2025.

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