尽管海外企业（如Neuralink、Synchron）占据先发优势，但国内企业正在侵入式细分领域如柔性电极、语 言的实时解码等技术领域进行国产化加速替代。产业链上游持续突破，中游形成"设备+算法+临床"闭环， 下游应用从神经科和康复科向儿科、精神科等领域延伸拓展。产学研转化加速，上海、北京等地有望形成 产业集群。 点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客 户，用作新媒体形势下研究信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿 订阅、接收或使用本订阅号中的任何信息。本订阅号难以设置访问权限，若给您造成不便， 敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相关人员为光大 证券的客户。 报告摘要 政策与技术双轮驱动，百亿级蓝海市场加速开启 1973年，美国神经科学家雅克·维达尔首次提出了"脑机接口"概念，脑机接口开启了五十余年的发展历程。 脑机接口作为生命科学与信息技术融合的前沿领域，现在已到了从实验室走向产业化临界点。在政策端， 全球主要国家陆续发布了脑机接口相关计划，如美国2013年发布"脑计划"，由美 ...

场景是连接技术和产业的桥梁。一段时间以来，脑机接口技术产业化落地加速，应用场景持续拓 展。 操控智能轮椅在小区遛弯、指挥机器狗取回外卖……因颈髓损伤而高位截瘫的患者，植入脑机接口 系统后，凭借"意念"完成一系列操作。 这是中国科学院脑科学与智能技术卓越创新中心和有关方面合作开展的第二例侵入式脑机接口临床 试验最新成果，技术上实现了从二维的屏幕光标控制，到三维的物理世界交互的重大转变。 脑机接口，相当于在大脑与外部设备之间建立一条"信息高速公路"，通过采集大脑活动信号，并将 其解码成具体指令，再通知外部设备去执行。 2025年，被业界看作是"中国脑机接口发展的元年"。尤其是工业和信息化部等七部门联合印发《关 于推动脑机接口产业创新发展的实施意见》，绘就了产业发展的路线图。 "今年我国脑机接口产业发展成效显著。"中国信息通信研究院知识产权与创新发展中心主任李文宇 说，特别在核心技术突破、多场景应用落地及产业生态构建等方面均实现重要进展，为行业规模化发展 与高质量升级奠定坚实基础。 技术突破是产业发展的重要助推力，对于脑机接口等未来产业而言，更是如此。 12月初，在上海举行的2025脑机接口大会上，上海阶梯医疗科技 ...

操控智能轮椅在小区遛弯、指挥机器狗取回外卖……因颈髓损伤而高位截瘫的患者，植入脑机接口系统 后，凭借"意念"完成一系列操作。 记者了解到，目前，侵入式脑机接口以医疗场景为核心，临床案例已达数十例，广泛应用于脊髓损伤、 脑卒中等患者的运动功能重建等，在盲人复明、成瘾治疗等新领域的初期探索正有序推进。 这是中国科学院脑科学与智能技术卓越创新中心和有关方面合作开展的第二例侵入式脑机接口临床试验 最新成果，技术上实现了从二维的屏幕光标控制，到三维的物理世界交互的重大转变。 脑机接口，相当于在大脑与外部设备之间建立一条"信息高速公路"，通过采集大脑活动信号，并将其解 码成具体指令，再通知外部设备去执行。 2025年，被业界看作是"中国脑机接口发展的元年"。尤其是工业和信息化部等七部门联合印发《关于推 动脑机接口产业创新发展的实施意见》，绘就了产业发展的路线图。 "今年我国脑机接口产业发展成效显著。"中国信息通信研究院知识产权与创新发展中心主任李文宇说， 特别在核心技术突破、多场景应用落地及产业生态构建等方面均实现重要进展，为行业规模化发展与高 质量升级奠定坚实基础。 技术突破是产业发展的重要助推力，对于脑机接口等未来产 ...

新华社北京12月23日电 题：加速"接入"现实！脑机接口迈入产业化快车道 新华社记者周圆 操控智能轮椅在小区遛弯、指挥机器狗取回外卖……因颈髓损伤而高位截瘫的患者，植入脑机接口 系统后，凭借"意念"完成一系列操作。 这是中国科学院脑科学与智能技术卓越创新中心和有关方面合作开展的第二例侵入式脑机接口临床 试验最新成果，技术上实现了从二维的屏幕光标控制，到三维的物理世界交互的重大转变。 脑机接口，相当于在大脑与外部设备之间建立一条"信息高速公路"，通过采集大脑活动信号，并将 其解码成具体指令，再通知外部设备去执行。 2025年，被业界看作是"中国脑机接口发展的元年"。尤其是工业和信息化部等七部门联合印发《关 于推动脑机接口产业创新发展的实施意见》，绘就了产业发展的路线图。 "今年我国脑机接口产业发展成效显著。"中国信息通信研究院知识产权与创新发展中心主任李文宇 说，特别在核心技术突破、多场景应用落地及产业生态构建等方面均实现重要进展，为行业规模化发展 与高质量升级奠定坚实基础。 技术突破是产业发展的重要助推力，对于脑机接口等未来产业而言，更是如此。 12月初，在上海举行的2025脑机接口大会上，上海阶梯医疗科技有 ...

中新网北京12月13日电 (记者刘育英)12月13日，在"2026中国信通院深度观察报告会"上，中国信息通信 研究院知识产权与创新发展中心主任李文宇表示，2025年我国脑机接口产业发展成效显著，在核心技术 突破、多场景应用落地及产业生态构建等方面均实现重要进展，为行业规模化发展与高质量升级奠定坚 实基础。 李文宇表示，在核心器件方面，我国自主研发的多款脑机接口芯片、植入式电极等器件的通道数持续增 加，稳定性逐步提升。整机系统的集成水平和综合性能同步优化，无线、无源、小型化整机系统频出， 部分技术指标已接近或达到国际先进水平，为后续临床转化与商业化应用筑牢根基。 在解码算法方面，人工智能技术的快速应用极大提升了解码精度，成功实现对被试者精细运动意图的解 码，让手写解码、语音解码等高难度解码场景成为可能。 非侵入式脑机接口则重点布局生活消费与工业领域，多款非侵入式整机设备已实现量产，在疲劳监测、 情绪识别、脑控外设、智能驾驶等场景开展试点应用，逐步构建起多场景应用生态，加速从技术验证向 规模化落地的跨越，为未来大规模商用铺平道路。 在分析2025年我国脑机接口产业生态的新特征时，李文宇指出，产业已形成"政策-科研 ...

Core Viewpoint - The article discusses the implementation opinions issued by seven Chinese government departments aimed at promoting the innovation and development of the brain-computer interface (BCI) industry, with specific targets set for 2027 and 2030 regarding technological breakthroughs, industry scale, and the establishment of a competitive ecosystem [1][3]. Summary by Sections Key Tasks - The implementation opinions outline five key tasks: strengthening basic hardware and software research, creating high-performance products, promoting the application of technological achievements, expanding innovation entities, and enhancing industrial support capabilities [1][3]. Key Projects - Three major projects are highlighted: core hardware and software foundational projects, high-quality complete machine projects, and application expansion projects [1]. Hardware and Software Development - The focus is on innovating brain signal sensing components, developing implantable electrodes for various brain regions, and enhancing the stability and reliability of materials used [2]. High-Performance Product Development - There is an emphasis on accelerating the development of implantable devices and promoting the mass production of non-implantable devices, with innovations in product forms such as adhesive, ear, and head-mounted devices [2]. Application of Technological Achievements - The implementation opinions stress the importance of promoting industrial innovation results, enhancing testing and pilot capabilities, and accelerating applications in medical health, particularly for neurodegenerative and mental disorders [3]. Market Potential - The global market for BCI medical applications is projected to reach $40 billion by 2030 and $145 billion by 2040, indicating significant growth potential [3]. In China, the BCI market is expected to grow from 3.2 billion yuan in 2024 to 5.58 billion yuan by 2027, with a growth rate of 20% [4]. Policy Initiatives - Since 2025, various regions in China have released policies to seize opportunities in the BCI sector, including plans to establish demonstration zones for BCI industry development by 2030 [4].

Core Viewpoint - The implementation opinions issued by seven departments aim to promote the innovation and development of the brain-computer interface (BCI) industry, targeting significant technological breakthroughs by 2027 and establishing a competitive global industry ecosystem by 2030 [1][3]. Summary by Relevant Sections Key Tasks - The implementation opinions outline five key tasks: strengthening foundational hardware and software, creating high-performance products, promoting the application of technological achievements, expanding innovative entities, and enhancing industrial support capabilities [1][2]. Key Projects - Three major projects are highlighted: core hardware and software foundational projects, high-quality complete machine projects, and application expansion projects [1][2]. Technological Development - Emphasis is placed on innovating brain signal sensing components, developing various types of implantable electrodes, and enhancing the stability and reliability of materials [2]. - The development of high-performance products includes accelerating breakthroughs in implantable devices and promoting the mass production of non-implantable devices with innovative forms such as adhesive, ear, and head-mounted interfaces [2]. Application Expansion - The implementation opinions stress the importance of promoting industrial innovation results and enhancing testing and pilot capabilities, particularly in medical health applications targeting neurodegenerative and mental disorders [3]. - The BCI technology aims to establish an information channel between the brain and machines, facilitating the integration of biological and machine intelligence [3]. Market Potential - The global market for BCI medical applications is projected to reach $40 billion by 2030 and $145 billion by 2040, indicating significant growth potential [3]. - In China, the BCI market is expected to grow from 3.2 billion yuan in 2024 to 5.58 billion yuan by 2027, with a growth rate of 20% [4]. Policy Support - Since 2025, various regions have released policies to seize global BCI development opportunities, including plans to establish demonstration zones for BCI industry development by 2030 [4].

Core Viewpoint - The implementation opinions released by various Chinese government departments aim to promote the innovation and development of the brain-computer interface (BCI) industry, establishing a robust technological and industrial framework by 2030 [6][7]. Group 1: Industry Development Goals - By 2027, breakthroughs in key BCI technologies are expected, establishing an advanced technological, industrial, and standard system, with products achieving international advanced levels in performance [2][7]. - The BCI industry is projected to grow significantly, creating 2 to 3 industrial development clusters and exploring new application scenarios, models, and business formats [2][8]. Group 2: Key Technological Innovations - The focus will be on developing high-performance brain signal acquisition chips, enhancing capabilities in analog-to-digital conversion, channel management, and noise suppression [3][9]. - There will be an emphasis on creating high-precision surgical robots for implanting BCIs, achieving sub-micron precision control and dynamic adjustment capabilities [4][11]. Group 3: Product Development - The initiative includes accelerating the development of implantable devices that integrate high-density neural recording sensors and ultra-low power chips, improving control precision and response speed [11]. - Non-invasive devices will be innovated in various forms, such as headsets and glasses, to promote lightweight, high-speed, and low-power applications [11]. Group 4: Application and Market Expansion - The plan includes promoting the application of BCI technologies through organized events and industry matchmaking activities to facilitate the scaling of innovative results [12]. - Enhancements in testing and pilot capabilities will be supported to improve product quality and interoperability [12]. Group 5: Innovation Ecosystem - The strategy aims to cultivate leading enterprises in the BCI field and support the formation of innovation consortia to undertake major national technology projects [13][14]. - The establishment of innovation centers and laboratories will be encouraged to enhance the supply of key common technologies [14]. Group 6: Standards and Safety - A comprehensive standard system for BCI technology will be established, promoting the development of technical, product, and testing standards [15]. - Ethical research and data governance frameworks will be developed to ensure user information security and promote the coordinated development of technology and ethics [15]. Group 7: Support Measures - The plan emphasizes coordinated efforts among various government departments to advance technology, industry development, and safety governance [16]. - Increased policy support will be provided for major projects and the integration of technology and finance to accelerate the commercialization of BCI products [16].