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Human Augmentation Market

Human Augmentation Market Size, Share & Segment By Product (Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Exoskeletons, Intelligent Virtual Assistants) By Functionality (Non-Body-Worn, Body-Worn) By Application (Consumer, Medical, Industrial, Commercial, Aerospace & Defense And Others), By Regions And Global Forecast 2023-2030

Report Id: SNS/SEMI/1865 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Human Augmentation Market Size was valued at USD 160.91 billion in 2022, and is expected to reach USD 789.73 billion by 2030, and grow at a CAGR of 22% over the forecast period 2023-2030.

Human augmentation is a technology used to increase human efficiency or ability in a practical way. A combination of electronics, biotechnology, and equipment used to develop existing or needed human skills through artificial or natural methods. Human development has made great strides in its use, especially in health care, military, and defense, and productive organizations are also financing the development of exaggeration technology in the form of exoskeletons. The growing demand for human augmentation in various sectors is encouraging developers to make significant progress in human augmentation, which will boost market growth during forecasting.

Human Augmentation Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Rising adoption of wearable devices.

  • Huge demand for wearable augmentation devices in the healthcare sector.

RESTRAINTS: 

  • AR and VR technology have raised health concerns.

  • Human augmentation devices are expensive.

OPPORTUNITIES: 

  • Human augmentation technologies are increasingly being used to protect the safety and strength of military personnel.

  • Human augmentation technologies are becoming more widely used in industrial applications.

CHALLENGES: 

  • Menace of data breach and identity theft.

  • Devices must be modified on a regular basis.

IMPACT OF COVID-19: 

The COVID-19 epidemic has had a profound effect on human augmentation, which has led many device production companies to reduce their production capacity and to close for extended periods of time. In response to the disruption caused by the epidemic, many partners of major channels and technology companies were forced to cut costs and productivity in other sectors. The resulting industrial and technological changes brought new challenges to the manufacturing industry. As a result, industry partners are beginning to work on defensive and effective mitigation solutions. However, the growth of the human augmentation market is slowly returning to normal, and as a result, incomes are also growing slowly. A growing number of nations are using software-enabled applications to provide more accessible gadgets to enhance the significant benefits of human augmentation technology.

By Product, the Human augmented market is subdivided into Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Exoskeletons and Intelligent Virtual Assistants. The wearable devices are expected to respond to the largest share of the human augmented market during forecasting. The growing use of wearable equipment to monitor health and fitness parameters is a major factor contributing to market growth. In addition, the development of low-performance low-frequency ICs and advanced sensor technology have enabled the development of inexpensive wearable devices for a variety of consumer applications. Different types of compact sensors can be combined into wearable devices such garments, hats, wrist straps, socks, shoes, glasses, and wrist watches to monitor ongoing health.

By Functionality, the Human augmented market is subdivided into Non-Body-worn and Body-worn. Non-body-worn human products are expected to record the highest growth during the forecast period. The growing demand for immersed content for AR and VR devices for sports and entertainment applications is expected to further the growth of the AR and VR software market, thereby boosting the market growth of non-body-worn products.

By Application, the Human augmented market is subdivided into Consumer, Medical, Industrial, Commercial, Aerospace & Defense and Others. The human augmented market for consumer application is expected to respond with the largest market share at the time of forecasting. The growing demand for AR and VR HMD for sports and entertainment applications, as well as the growing acceptance of wearable devices for health and monitoring, are some of the primary drivers driving the growth of the human augmented market. In recent years, there has been an increase in the demand for intelligent speakers due to the convenience offered by them. These devices can be connected to a smartphone through mobile apps and can be used to control connected home appliances and appliances such as lights, refrigerators, and air conditioners. The entertainment, fitness, and sports sectors have become the first recipients of various human development technologies and have provided growth opportunities for various market players across the value chain.

COMPETITIVE LANDSCAPE:

The key players in the Human Augmentation market are Samsung Electronics, Google LLC, Ekso Bionics, Vuzix Corporation, Garmin Ltd, Fossil Group, Inc., B-Temia Inc, Casio, Magic Leap, ReWalk Robotics, Cyberdyne Inc and Other.

MARKET SEGMENTATION:

BY PRODUCT

  • Wearable Devices

  • Virtual Reality Devices

  • Augmented Reality Devices

  • Exoskeletons

  • Intelligent Virtual Assistants

BY FUNCTIONALITY

  • Non-body-worn

  • Body-worn

BY APPLICATION

  • Consumer

  • Medical

  • Industrial

  • Commercial

  • Aerospace & Defense

  • Others

Human Augmentation Market Segment Pie Chart

REGIONAL ANALYSIS:

The human augmented market is divided into four regions: the United States, South America, Europe, Asia Pacific, and the rest of the world. North America has the largest market share, followed by Europe and the Asia Pacific region, in terms of value. North America plays a vital role in the global market for human enhancement. The rapid development of artificial intelligence technology, as well as the development of artificial intelligence technology, is driving the growth of the human augmentation industry. Europe is the second largest market for human augment in the world, behind the United States. In due course, the area is expected to develop at the highest rate in the world. Technological advances and the growing need for platforms to measure system performance across all specific business segments in the area are factors that support the growing demand for human augmentation market.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Human Augmentation Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 160.91 Million
Market Size by 2030 US$ 789.73 Million
CAGR CAGR of 22% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product (Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Exoskeletons, Intelligent Virtual Assistants)
• By Functionality (Non-Body-Worn, Body-Worn)
• By Application (Consumer, Medical, Industrial, Commercial, Aerospace & Defense And Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Samsung Electronics, Google LLC, Ekso Bionics, Vuzix Corporation, Garmin Ltd, Fossil Group, Inc., B-Temia Inc, Casio, Magic Leap, ReWalk Robotics, Cyberdyne Inc and Other.
Key Drivers • Rising adoption of wearable devices.
• Huge demand for wearable augmentation devices in healthcare sector.
Restraints • AR and VR technology have raised health concerns.
• Human augmentation devices are expensive.


Frequently Asked Questions (FAQ) :

The market value will be expected to reach USD 530.5 billion by 2028, and grow at a CAGR of 22% over the forecast period 2022-2028.

The market has been segmented with respect to product, functionality and application.

The key players in the Human Augmentation market are Samsung Electronics, Google LLC, Ekso Bionics, Vuzix Corporation, Garmin Ltd, Fossil Group, Inc., B-Temia Inc, Casio, Magic Leap, ReWalk Robotics, Cyberdyne Inc and Other.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Human Augmentation Market Segmentation, by Product

8.1Introduction

8.2 Wearable Devices

8.3 Virtual Reality Devices

8.4 Augmented Reality Devices

8.5 Exoskeletons

8.6 Intelligent Virtual Assistants

 

9. Human Augmentation Market Segmentation, by Functionality

9.1 Introduction

9.2 non-body-worn

9.3 Body-worn

 

10. Human Augmentation Market Segmentation, by Application

10.1 Introduction

10.2 Consumer

10.3 Medical

10.4 Industrial

10.5 Commercial

10.6 Aerospace & Defense

10.7 Others

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12 Company Profiles

12.1 ReWalk Robotics.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Samsung Electronics

12.3 Google LLC

12.4 Ekso Bionics

12.5 Vuzix Corporation

12.6 Garmin Ltd

12.7 Fossil Group, Inc.

12.8 B-Temia Inc

12.9 Casio

12.10 Magic Leap

12.11 Cyberdyne Inc

12.12 Other

 

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14 Conclusion

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Secondary Research

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