Brain machine interface hardware revenues to reach $19 billion by 2027
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Brain machine interface hardware revenues to reach $19 billion by 2027

A new study from Juniper Research (www.juniperresearch.com) has found that global hardware sales revenue from BMI (brain machine interfaces) will reach $19 billion per annum by 2027, up from an estimated $2.4 billion in 2018. BMIs bridge the gap between technology and the brain, interpreting brain signals for the purpose of interpretation or control.

The research group found that medical uses will account for 78% of shipment revenues by 2027. This will be due to development of advanced medical uses, such as artificial vision and prosthetic control.

Juniper says the greatest impact of BMIs will be when used for concentration monitoring, where EEG (Electroencephalogram) technology can be leveraged to monitor fatigue. This is crucial for industrial businesses, which strive to improve safety and productivity. The research group says t heavy industry will use EEG to replace more expensive existing monitoring systems.

“EEG is more accurate than current wrist-based optical sensors for concentration monitoring, so adoption where concentration is crucial in high-risk environments is anticipated to be a big driver in the market,” says research author Nick Maynard.

 

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