Human Augmentation Market Size, Share & Trends Growth [2032]
Human Augmentation Market Size, Share & Trends Growth [2032]
Segments - Human Augmentation Market by Technology (Wearable, Virtual Reality, Augmented Reality, Exoskeleton, and Intelligent Virtual Assistant), Device (Body Worn and Non-Body Worn), Application (Medical, Aerospace & Defense, Sports & Utility, Media & Entertainment, Education, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2024 – 2032
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| Report ID :HC-6611
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Report Description
The global human augmentation market size was USD 227.5 Billion in 2023 and is likely to reach USD 1236.9 Billion by 2032, expanding at a CAGR of 20.7% during 2024–2032. The market growth is attributed to the increasing adoption of augmented reality and increasing awareness of wearable devices.
Human augmentation is the advanced technology that is used to enhance and improve the human capabilities. The human augmentation is able to create physical and cognitive improvements to increase the human productivity. The orthotics and limb devices are one of the most common human augmentations which is used to enhance motion and improving muscle capabilities.
The human enhancements to overcome the physical stress and regaining the capability to do certain day-to-day activities such as walking, or holding things, is provided by these human augmentations. The technological advancements in biotechnology, neurology, and biomedical engineering are expected to grow the research fields and develop new opportunities in the market.
Impact of Artificial Intelligence (AI) in Human Augmentation Market
Increasing applications of human augmentation in healthcare to develop in the development of prosthetics and exoskeletons is expected to propel the market. The increasing demand for the AI-powered prosthetics adapt to user movements in real-time is expected to boost the market during the projection period. Furthermore, the increasing preference of cognitive augmentations such as neural interfaces and mental health support is fueling the market.
Human Augmentation Market Dynamics
Major Drivers
Increasing adoption of augmented reality and virtual reality is driving the demand of human augmentation market. The growing industries and developing businesses are recognizing the importance of human augmentation. Moreover, the increasing awareness of wearable devices for various health conditions is driving the market.
Existing Restraints
Increasing data security concerns is expected to restrain the global market during the forecast period. Furthermore, the high capital expenditure is hindering the market. The development is human augmentation utilizes a large amount of money due to its complicated procedure and advanced technique.
Emerging Opportunities
Rising adoption of nanotechnology is expected to present a great opportunity in the global market. Additionally, the application of brain-computer interface in human augmentation is offering a high demand for research and development in the market. The growing research and developmental activities for better augmentation technologies is driving the market. For instance,
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In 2022, Japanese researchers developed 'sixth finger' robotic for human augmentation. A robotic "sixth finger" that can be worn on the hand next to the pinky has been made by specialists which is concentrating on how brains respond to new and free body parts. Four sensors attached to the lower arm first assess electrical signals from muscles.
Scope of the Human Augmentation Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Human Augmentation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2023 |
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Historic Data |
2017–2022 |
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Forecast Period |
2024–2032 |
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Segmentation |
Technology (Wearable, Virtual Reality, Augmented Reality, Exoskeleton, and Intelligent Virtual Assistant), Device (Body Worn and Non-Body Worn), Application (Medical, Aerospace & Defense, Sports & Utility, Media & Entertainment, Education, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
FOSSIL GROUP; Garmin Ltd; General Motors; Google; Life Sense Group; Microsoft; Panasonic Corporation; Raytheon Technologies Corporation; SAMSUNG; and TOYOTA MOTOR CORPORATION |
Market Segment Insights
Regional Analysis
In terms of region, the global human augmentation market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America dominates the global market in 2023 owing to the advanced technology and innovations. Moreover, the strong healthcare infrastructure is expected to fuel the regional market during the forecast period. High investments and funding are providing a substantial venture capital to boost the regional market. For instance,
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In 2021, Aetna announced that it is expanding its cover of gender-affirming processes to include breast augmentation for transgendered people. In November, the insurer Manulife Financial Corp. stated that its transgender workers in Canada and the United States would be qualified for certain operations and treatments, including breast augmentation, under certain conditions.
The market in Europe is projected to grow at a significant pace in the years to come owing to strong research and development. The government of Europe and European Union provides a significant funding and support for research and development in healthcare for human augmentation. Additionally, the high adoption of advanced technologies is expected to drive the regional market during the forecast period.
Segment Analysis
Technology Segment Analysis
Based on technology, the human augmentation market is divided into wearable, virtual reality, augmented reality, exoskeleton, and intelligent virtual assistant. The wearable technology segment held the largest share in the global market in 2023 owing to the wide range of applications. The wearable human augmentation is used in the consumer electronics, healthcare, and educational system. Furthermore, the increasing market penetration and adoption of wearable technology is expected to drive the segment during the forecast period.
The exoskeletons segment is anticipated to grow at a substantial CAGR during the forecast period due toe the medical and rehabilitation applications. Exoskeletons are vital for individuals with mobility impairments, providing support for the walking and movement. Additionally, the increasing adoption of exoskeletons in industrial and military is expected to boost the segment during the projection period.
Device Segment Analysis
On the basis of device, the global market is segregated into body worn and non-body worn. The body worn segment is anticipated to register a considerable CAGR in over the predicted period owing to the its wide range of applications. The high adoption rates of body worn augmentation devices and increasing technological advancements is fueling the segment. Furthermore, the body worn devices are highly used in the healthcare, consumer electronics, and industrial settings.
The non-body worn segment is projected to register a robust growth rate during the assessment years due to the its critical applications in the industrial automation and healthcare. The non-body worn devices are crucial for specific tasks and environments. The adoption of these devices is more niche as compared to the broad and personal nature of body-worn devices.
Application Segment Analysis
On the basis of application, the human augmentation market is segmented into medical, aerospace & defense, sports & utility, media & entertainment, education, and others. The medical segment registers a robust growth rate in 2023 due to the increasing preferences of wearable healthcare devices. Devices such as smartwatches, fitness trackers, and continuous glucose monitoring devices (CGMs) are used for monitoring vital signs, managing chronic conditions, and improving overall health outcomes.
The aerospace & defense segment is expected to expand at a significant growth rate over the projection period due to the enhanced solider capabilities. Augmented reality for training simulation, mission planning, and real time operational support improves the situational awareness and decision-making in critical scenarios.
Segments
The human augmentation market has been segmented on the basis of
Technology
- Wearable
- Virtual Reality
- Augmented Reality
- Exoskeleton
- Intelligent Virtual Assistant
Device
- Body Worn
- Non-Body Worn
Application
- Medical
- Aerospace & Defense
- Sports & Utility
- Media & Entertainment
- Education
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- FOSSIL GROUP
- Garmin Ltd
- General Motors
- Life Sense Group
- Microsoft
- Panasonic Corporation
- Raytheon Technologies Corporation
- SAMSUNG
- TOYOTA MOTOR CORPORATION
Competitive Landscape
Key players competing in the global human augmentation market are FOSSIL GROUP; Garmin Ltd; General Motors; Google; Life Sense Group; Microsoft; Panasonic Corporation; Raytheon Technologies Corporation; SAMSUNG; and TOYOTA MOTOR CORPORATION
These players utilize several development strategies, such as product launches and acquisitions, to boost their global presence. For instance,
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In 2022, Wandercraft, a Paris-based business,raised USD 45 million to increase the commercialization of self-balancing exoskeleton. This achieves self-balancing by using algorithms that keep the machine in appropriate equilibrium while the person moves. The new model, which is used in hospitals, costs around €150k to €200k, and 14 institutions in Europe now own it.
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In 2022, DASA launched a new innovation to explore Generation-After-Next human augmentation technologies for use in security and defense. DASA is pleased to launch an innovation Focus Area (IFA) named Human Augmentation (HA). It is looking for an IFA proposal that launches GAN solutions to UK security and defense challenges, where human performance is the limiting factor for offering operational impact.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Human Augmentation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Human Augmentation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Human Augmentation Market - Supply Chain
4.5. Global Human Augmentation Market Forecast
4.5.1. Human Augmentation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Human Augmentation Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Human Augmentation Market Absolute $ Opportunity
5. Global Human Augmentation Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Human Augmentation Market Size and Volume Forecast by Applications
5.3.1. Medical
5.3.2. Aerospace & Defense
5.3.3. Sports & Utility
5.3.4. Media & Entertainment
5.3.5. Education
5.3.6. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Human Augmentation Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Human Augmentation Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Human Augmentation Demand Share Forecast, 2019-2026
7. North America Human Augmentation Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Human Augmentation Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Human Augmentation Market Size and Volume Forecast by Applications
7.4.1. Medical
7.4.2. Aerospace & Defense
7.4.3. Sports & Utility
7.4.4. Media & Entertainment
7.4.5. Education
7.4.6. Others
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Human Augmentation Demand Share Forecast, 2019-2026
8. Latin America Human Augmentation Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Human Augmentation Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Human Augmentation Market Size and Volume Forecast by Applications
8.4.1. Medical
8.4.2. Aerospace & Defense
8.4.3. Sports & Utility
8.4.4. Media & Entertainment
8.4.5. Education
8.4.6. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Human Augmentation Demand Share Forecast, 2019-2026
9. Europe Human Augmentation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Human Augmentation Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Human Augmentation Market Size and Volume Forecast by Applications
9.4.1. Medical
9.4.2. Aerospace & Defense
9.4.3. Sports & Utility
9.4.4. Media & Entertainment
9.4.5. Education
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Human Augmentation Demand Share Forecast, 2019-2026
10. Asia Pacific Human Augmentation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Human Augmentation Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Human Augmentation Market Size and Volume Forecast by Applications
10.4.1. Medical
10.4.2. Aerospace & Defense
10.4.3. Sports & Utility
10.4.4. Media & Entertainment
10.4.5. Education
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Human Augmentation Demand Share Forecast, 2019-2026
11. Middle East & Africa Human Augmentation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Human Augmentation Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Human Augmentation Market Size and Volume Forecast by Applications
11.4.1. Medical
11.4.2. Aerospace & Defense
11.4.3. Sports & Utility
11.4.4. Media & Entertainment
11.4.5. Education
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Human Augmentation Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Human Augmentation Market: Market Share Analysis
12.2. Human Augmentation Distributors and Customers
12.3. Human Augmentation Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. FOSSIL GROUP
12.4.2. Garmin Ltd
12.4.3. General Motors
12.4.4. Google
12.4.5. Life Sense Group
12.4.6. Microsoft
12.4.7. Panasonic Corporation
12.4.8. Raytheon Technologies Corporation
12.4.9. SAMSUNG
12.4.10. TOYOTA MOTOR CORPORATION
Methodology
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