Brain Computer Interface Market Worth $506 million | MarketsandMarkets

CHICAGO, May 15, 2024 /PRNewswire/ -- Brain Computer Interface Market in terms of revenue was estimated to be worth $262 million in 2024 and is poised to reach $506 million by 2029, growing at a CAGR of 14.1% from 2024 to 2029 according to a new report by MarketsandMarkets.

The growth in the brain computer interface market is driven by the growing incidence & prevalence of neurological disorders and increasing demand for non-invasive and wearable BCI devices. The adoption of BCI technology is also expected to increase with the growing applications of BCI technology. However, the data security and privacy concerns may pose a challenge to the brain computer interface market during the forecast period.

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Browse in-depth TOC on "Brain Computer Interface Market"

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300 - Pages

Brain Computer Interface Market Scope:

Report Coverage	Details
Market Revenue in 2024	$262 million
Estimated Value by 2029	$506 million
Growth Rate	Poised to grow at a CAGR of 14.1%
Market Size Available for	2022–2029
Forecast Period	2024–2029
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Component, Product Type, Technology, Application, End User, and Region