Funding landscape of invasive BCI players (US$). Source: IDTechEx
(IN BRIEF) The brain-computer interface (BCI) market is expanding rapidly, with companies developing both invasive and non-invasive solutions for communication, mobility, and device control. While Elon Musk’s Neuralink has garnered significant attention, it faces competition from several established players like Blackrock Neurotech, Synchron, and Onward Medical. These companies are pursuing different technical approaches, including using stentrodes, ECoG sensors, or the Utah array, to address the challenges of neural interfacing. Although invasive BCIs are hyped, non-invasive technologies, such as EEG caps, remain crucial and may see consumer applications in the near future. The overall BCI market is expected to grow to over $1.6 billion by 2045, with non-invasive solutions likely leading commercialization efforts initially. However, invasive BCIs could dominate the assistive technology market in the long run.
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