Human augmentation is nothing but a study which aims to improve human capabilities with the help of the technology or medicine. Human augmentation study has been executed by using chemical substances which can enhance a specific ability or through installation of implants that needs medical operations. However, these augmentation methods could be invasive. In addition to this, human augmentation abilities can also be achieved with several external tools including binoculars, eyeglasses, highly sensitive microphones, as well as microscopes. Thus, multimodal interaction technologies and augmented reality have enabled huge number of non-invasive ways to human augmentation. Furthermore, human augmentation technology is basically used to refer other technologies which can improve human capability as well as productivity. Likewise, innovative advancements in the number of IT technologies have led to a higher number of implants and other advanced technologies which can be called as human augmentation.
At a compound annual growth rate of 17.35%, the size of the worldwide Human Augmentation market is projected to reach $591.77 Billion in 2030.
In addition, human augmentation expands huge number of technical Fields as well as methodological approaches such as human computer communication, experimental psychology, artificial intelligence, and psychophysiology. In addition to this, augmentation may involve number of different strategies for controlling and optimizing cognitive stages that require a deep understanding of dynamic cognitive processes, biological plasticity, as well as several types of adaptive systems. Likewise, human augmentation is an integration of electronics, mechanics, and biotechnology which are used to improve the existed or lacking abilities in a human, with the help of Artificial or natural procedures. In addition to this, human augmentation technology has seen a substantial developments towards its huge number of applications especially in healthcare. On the other hand, now manufacturing and tactical military and defense industry are also hugely investing in adopting human augmentation services. Human augmentation offers great ability to transcend the genes by achieving great s. It helps to improve health and make body more functional as well as productive. Additionally, this terminology is proficient enough offering great prospects of improving existing human capabilities. There are varied types human augmentation which can be used with IT resources offering productivity solutions. Human augmentation brings numerous benefits however it's up to user how they make positive applications out of it.
Human Augmentation Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||$591.77 Billion|
|Growth Rate||CAGR of 17.35 % during 2022-2030|
|Segment Covered||by Product Type, by Functionality, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Samsung Electronics Co. Ltd., Google LLC, Ekso Bionics Holdings Inc., Garmin Ltd., Cyberdyne Inc., Magic Leap, Casio Computer Co. Ltd., Vuzix Corporation, Raytheon Company, Fossil Group Inc.|
• Virtual Reality
• Augmented Reality
• Intelligent Virtual Assistants
• Body Worn
• Non-body Worn
Regional Overview, 2018-2028 (USD Billion)
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America
Key players operating in the human augmentation market are Google Inc. (US), Samsung Electronics Co. Ltd. (South Korea), Ekso Bionics Holdings Inc. (US), Vuzix Corporation (US), Garmin (US), Fossil Group Inc. (US), B-Temia Inc. (Canada), Casio (Japan), Magic Leap Inc. (US), Rewalk Robotics Inc. (Israel), Polar Electro (Finland), P&S Mechanics. (South Korea), Jawbone Inc. (US), Life Sense Group B.V (Netherlands), Atoun (Japan), Mobvoi (China), Rex Bionics (New Zealand), Goqii (US), Guangdong BBK Electronics Co. Ltd. (China), and Atheer, Inc, (US).
Key Market Dynamics
The growing demand for perfection across the healthcare industry, increasing awareness regarding therapeutic applications about medical wearable products as well as increasing demand for strong and secure defense and developments in sensors are some of the major factors driving the growth of the human augmentation market across the globe. On the other hand, severe administrative policies, the growing cost of the equipment as well as lack of knowledgeable experts are some of the other factors that are expected to hinder the growth of the global human augmentation market over the forecast period. In addition, different devices used in the human augmentation technology can be either wearable devices or it may be body suits including walking assistance devices, exoskeleton, in-built devices, and prosthetics. The comprehensive development and research activities are being scheduled at the huge number of institutions in the field of medical devices, robotics, as well as biotechnology. Human augmentation is an emerging field of research which eventually targets at boosting human abilities with the support of technology or medicine.
The global human augmentation market is anticipated to increase substantially during the prediction period. In addition to this, some significant drivers hugely supporting the development of the global human augmentation market are huge development in human body modifications, growing demand for wearable augmented products as well as increasing usage of exoskeleton across military applications. On the other hand, ethical and social issues regarding the non-medical augmentation, lack of expertise and huge medical costs are some factors hampering the growth of the global human augmentation market.
Global Human Augmentation Market Segmentation
The global human augmentation market segmentation can be done with the help of several factors such as end-user, product, as well as geographical expansion. On considering the product, the market is fragmented into in-built augmentation and wearable augmentation products. Out of these the wearables augmentation products segment accounted for one of the highest human augmentation market share in the year 2017. In addition, the in-built Augmentation segment is expected to be fastest growing segment over the forecast period. In terms of end-user segment, the global human augmentation market is segregated into, manufacturing, healthcare, information technology, defense, and many others. According to the geographical landscape, the global human augmentation market is segregated into Europe, North America, Asia Pacific, Latin American, and the Middle East and Africa. Out of these, the North American market for the human augmentation market is accounted for the highest share in the year 2017. Owing to the emerging artificial intelligence technology, huge investment in gene editing technologies, as well as the existence of huge number of leading players such as Esko Bionics Holdings, Inc., BrainGate Company, and B-Temia are some of the crucial reasons for the growth of the North American market across the world.
In addition to this, the United States is one of the leading human augmentation market and it is likely to witness huge growth rate over the forecast period. Furthermore, Asia Pacific region is also considered to be one of the fastest growing market owing to the growing investment across research and development as well as rising awareness and advancements in exoskeleton technology. On the other hand, Asia Pacific region is expected to witness the largest human augmentation market share over the prediction period. However, Japan has a robust base in technological advanced manufacturing industries which offers a huge number of lucrative opportunities for the human augmentation market across the region. In addition to this, huge mobile user as well as high population growth scale across the region are some of the significant factors driving the growth of the human augmentation market across the Asia Pacific region. Likewise, in India, increasing disposable income and increasing economy are some of the major factors contributing to the development of the human augmentation market in the region.
Competitive Landscape of the global human augmentation market
The global human augmentation market is considered as the highly competitive as the large number of leading players across the world. In addition, these players are implementing the number strategies such as merger, acquisition, research and development, partnership, technological advancements to gain their market footprint. Some of the leading services providers operating in the global human augmentation market are Ekso Bionics Holdings, Samsung Electronic Co Ltd., B-Temia, Cyberdyne, Bionik Laboratories Corporation, Panasonic Corporation, Toyota Motor Corporation, and Parker Hannifin.
Key Market Movements
The growing advancements in technologies is one of the major factors driving the growth of the global human augmentation market.
Rising demand for perfection applications across healthcare industry is also significant factor contributing to the growing demand for human augmentation market.
Increasing demand for augmented wearable devices also one of the crucial factors responsible for the growth of the global human augmentation market.
Increasing number of skilled professional across some of the major players also contributing to the growing demand for the human augmentation market.
Key Market Deliverables
A complete evaluation of the number of opportunities as well as risks in the global human augmentation market is offered in this report.
The report also offers a recent innovations and the growth aspects of the global human augmentation market.
The report provides in-depth research of business strategies for development of the human augmentation market across the globe.
This report is also offers a comprehensive analysis of the leading Market players operating in the global human augmentation market.
This report contains conclusive study regarding the development of the human augmentation market for the coming future.
The report also includes a detailed understanding of the global human augmentation market, market drivers, leading micro markets, market constraints’, and market segmentation.
This report contains qualitative and quantitative analysis of the significant growth factors along with major market share, competitive landscape of the global human augmentation market.