脑机接口技术（BIC）：大脑与外部世界的直接对话时代

Investment Rating - The report indicates a positive investment outlook for the Brain-Computer Interface (BCI) industry, highlighting its potential for growth and innovation in various applications [1][2]. Core Insights - The BCI technology has evolved through three stages: scientific fantasy, scientific validation, and technological explosion, leading to its current market applications in medical rehabilitation and human-computer interaction [1]. - The Chinese government has actively supported BCI development through various policies, recognizing it as a key technology and integrating it into national strategic plans [2][4]. - The global BCI market is projected to grow from $2.35 billion in 2023 to $10.89 billion by 2033, with a compound annual growth rate (CAGR) of 17.2% from 2024 to 2033 [5]. - In China, the BCI market is expected to exceed 120 billion yuan by 2040, with a CAGR of approximately 26%, and the direct market size for devices may surpass 50 billion yuan, achieving a CAGR of 21% [6]. Policy Support - The BCI technology is included in the "13th Five-Year National Science and Technology Innovation Plan," promoting interdisciplinary collaboration in neuroscience and information science [2]. - The "14th Five-Year Plan" emphasizes the strategic importance of brain science and BCI technology, encouraging increased investment in research and application [4]. - The "New Industry Standardization Navigation Project" outlines a roadmap for BCI standardization, indicating a structured approach to industry development [2]. Market Potential - The BCI market is characterized by significant growth potential, with medical health identified as the largest application area, closely approaching commercialization [6]. - The report highlights the importance of developing user-friendly and safe BCI products, particularly in sectors like medical rehabilitation, autonomous driving, and virtual reality [4].