Global Brain Computer Interface market overview 2024, Forecast To 2033

The brain computer interface market has witnessed rapid growth, increasing from $1.76 billion in 2023 to $2.04 billion in 2024 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period is attributed to increased demand for assistive technologies for individuals with disabilities, the growth in applications of BCIs in healthcare and rehabilitation, increased interest in gaming and entertainment using BCIs, government funding and support for BCI research and development, and improved signal processing and machine learning algorithms. Looking ahead to 2028, the market is projected to reach $3.56 billion at a CAGR of 15.0%. The anticipated growth is attributed to increasing investment in BCI startups and innovation, adoption of BCIs in education and skill enhancement, enhancing data privacy and security measures for BCIs, regulatory developments to facilitate BCI market growth, and growing interest in brain-computer interfaces for human augmentation and augmentation of AI. Major trends in the forecast period include BCIs and artificial intelligence, miniaturization and wearable BCIs, brain-to-cloud connectivity, neuroethics and data privacy, and brain-computer interface in education.