脑机接口行业报告：产业发展迎来黄金期，蓝海市场广阔

Investment Rating - The report maintains a positive investment rating for the brain-computer interface (BCI) industry, highlighting significant investment opportunities expected in 2026 [2]. Core Insights - The brain-computer interface industry is entering a golden period of development, with a broad blue ocean market. Global strategic layouts are being actively pursued by the US, EU, Japan, and other regions, leading to a growing number of companies and active investment activities [1]. - The BCI technology is at a critical stage of transitioning from technological breakthroughs to practical applications, with the market expected to grow significantly over the next decade. The global BCI market is projected to reach approximately $2.94 billion by 2025 and grow to about $12.4 billion by 2034, with a compound annual growth rate (CAGR) of 17.35% from 2025 to 2034 [6][20]. - The report emphasizes the importance of policy support and technological advancements in driving the growth of the BCI industry, with significant investments and initiatives from various governments [20][30]. Industry Overview - The BCI technology has evolved through three stages: the initial stage (1.0), the development stage (2.0), and the current intelligent and integrated stage (3.0) [20]. - The BCI market is characterized by diverse applications, with at least 30 identified use cases across medical, consumer, and industrial sectors. Medical applications currently dominate, accounting for 56% of the industry, while non-medical applications are rapidly expanding [18][19]. Market Size and Growth - The BCI market is expected to experience accelerated growth in the next decade, driven by the increasing adoption of BCI technologies across various sectors. The report forecasts a significant rise in market size, with a focus on the rapid development of non-invasive BCI technologies [6][20]. - The report highlights that the US and China are leading the global BCI technology and industry development, with major companies like Neuralink and Qiang Brain Technology making significant advancements [6][20]. Investment Recommendations - The report recommends focusing on companies involved in BCI technology, particularly those with strong market positions such as Dao Technology (which has a stake in Qiang Brain Technology) and other related firms in the flexible sensor sector [6][20]. - It also suggests monitoring developments in the medical device sector related to BCI technologies, emphasizing the importance of medical-grade BCI products [6][20].