Global Human Augmentation Market Size By Product (In-Built Augmentation, Wearable Augmentation), By Application (Medical, Defense), By Geographic Scope And Forecast

Human Augmentation Market Size And Forecast

Human Augmentation Market size was valued at USD 127.75 Billion in 2021 and is projected to reach USD 708.79 Billion by 2030, growing at a CAGR of 20.97% from 2022 to 2030.

The Global Human Augmentation Market has witnessed strong growth owing to the increasing demand for human augmentation across the healthcare industry around the world. Furthermore, the growth of the market is fueled due to the growing demand for AI-powered devices for healthcare services. Also, factors such as technological advancements, growing adoption across the fitness industry, and lucrative applications across defense and industrial use, amongst others, are fueling the growth of the Global Human Augmentation Market during the forecasted period. The Global Human Augmentation Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Human Augmentation Market Definition

Human augmentation refers to the advanced technologies used to enhance human productivity or improve human capability for better results. The application of human augmentation helps in enhancing the cognitive as well as physical human experiences as it can improve and restore the human body and mental capabilities of humans. Human augmentation implements modern technologies such as wearables, virtual reality, augmented reality, exoskeleton, and intelligent virtual assistants, amongst others. The devices used to apply the human augmentation can be body-worn or wearable as well as non-body worn or in-built. Thus, bionics and prosthetics or artificial limbs, brain-computer interfaces, brain implants, nootropics or mind drugs, and gene editing, are the major human augmentation types.

Human augmentation offers various lucrative benefits to the end-use industries and the users; thus, the demand is growing during the forecasted period. Human augmentation enhances bodily integrity by ensuring human well-being. It is human enhancement technology that impacts human life with the improvement of human physical and mental health. Human augmentation uses augmented reality that is functionally useful for military and defense to develop MRO through superimposing advanced data to form real views. Therefore, human augmentation is the advanced technology also known as Human 2.0.

Global Human Augmentation Market Overview

The demand for human augmentation across the healthcare industry is growing during the forecasted period, as it helps in transforming health. Human augmentation is used potentially in prosthetics and bionics to replicate or enhance pre-existing human functions. Such functions which are lost or the people never those functions can be replicated by creating medical aids to help those people to regain such functions back. Prosthetic limbs are the best example of human augmentation in healthcare; it helps to enhance the physical capabilities of humans suffering from mobility difficulties. Thus, the application of human augmentation can regain mobility with minimal invasiveness.

Furthermore, bionic eyes, bionic lenses, and mechanical eye implants are other human augmentation devices that enhance human eye-sight within pre-existing eye structures. Augmented exoskeleton or powered exoskeleton helps to provide support to the human body in case of mobility difficulties. Thus, the demand for human augmentation across the healthcare industry around the world is growing as it offers lucrative benefits to users. Furthermore, human augmentation applies augmented reality, virtual reality, machine learning, and rest of other innovative technologies; thus, the demand for the human augmentation across different industry applications such as medical, defense, aerospace, defense, education, and industrial, amongst others, is growing.

Furthermore, the Internet of Things (IoT) can create new opportunities for the market as IoT is characterized by machine learning and smart communication. Thus, IoT can make human augmentation operations smooth and efficient. The technological advancements in the development of human augmentation are going to trigger the demand and might increase the productivity of the operations across the end-use applications. Thus, the Internet of Things (IoT) might create robust opportunities for the Global Human Augmentation Market with its flexibility, convenience, and smartness with the provision of huge automation across human augmentation applications. Also, the potential adoption of AI and Machine Learning in human augmentation might provide the potential opportunity to meet the highest requirements.

The introduction of human augmentation, wearable devices, virtual reality devices, and augmented reality devices with AI & Machine Learning for high performance and greater efficiency in operations will offer lucrative opportunities for the Global Human Augmentation Market to grow over the forecasted period. However, virtual reality and augmented reality have negative impacts on human health. Extensive use of AR, VR, and other technologies can cause cybersickness including nausea, dizziness, sweating, and pallor. In the worst case, it can cause damage to the users’ vision, disorientation, and even seizures. Therefore, the negative impacts of AR, and VR on human health, and the rest of others, might strangle the growth of the Global Human Augmentation Market during the forecasted period.

Global Human Augmentation MarketSegmentation Analysis

The Global Human Augmentation Market is segmented on the basis of Product, Application, And Geography.

Human Augmentation Market, By Product

• In-Built Augmentation• Wearable Augmentation

Based on Product, The market is segmented into In-Built Augmentation and Wearable Augmentation. During the forecasted period, the Wearable Augmentation segment is growing with a higher CAGR as the demand for wearable augmentation devices is growing across application industries. Technology-driven wearable augmentation devices offer various benefits such as these can be implemented easily and effectively for intelligent and efficient applications with robust outputs. Wearable Augmentation devices are hands-free and can increase the productivity of the users. Wearable augmented devices are minimally invasive devices; thus, can be easily applied to the human body. Therefore, the demand for wearable augmentation is growing during the forecasted period.

Human Augmentation Market, By Application

• Medical• Defense• Industrial• Other

Based on Application, The market is segmented into Medical, Defense, Industrial, and Others. In 2021, the Medical segment has dominated the market accounting for the largest market share. The demand for human augmentation is growing in the Medical industry around the world due to the potential applications of human augmented devices and solutions. Human augmentation is used potentially in prosthetics and bionics to replicate or enhance pre-existing human functions. However, the Defense segment is growing with a higher CAGR during the forecasted period as the adoption of human augmentation across defense and military operations are growing.

Human Augmentation Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, The Global Human Augmentation Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. This region is an early adopter of technological advancement that facilitates market penetration. The industry bounces back with the industrial economy. A potentially strong presence of the large technology-based companies and digitalization is another factor that accelerates the market. North America is the most developed geographic region with a technologically advanced, in the world in almost all industries including communication, automotive, healthcare, life sciences, infrastructure, manufacturing, and technology, amongst others.

Key Players

The “Global Human Augmentation Market” study report will provide valuable insight with an emphasis on the global market. The major players such as B-Temia, BrainGate, Ekso Bionics, Google, Magic Leap, Raytheon, Rewalk Robotics, Samsung Electronics, Second Sight Medical, Vuzix Corporation. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In May 2022, Magic Leap announced a strategic partnership with Globant to scale enterprise AR adoption and to develop and deploy tailored software solutions for enterprise customers.

• In September 2021, B-Temia Inc. announced the launch of a brand-new version of its flagship product, Keeogo. Commercialized under the name Keeogo+, the new smart-powered orthosis is designed to improve the experience of both users and clinicians – and to be an even greater game-changer.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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