Global Human Augmentation Market Report and Forecast 2024-2032

Global Human Augmentation Market Outlook

The global human augmentation market attained USD 156.31 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 23% to reach USD 1,007.23 billion by 2032.

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North American Market to Be Aided by the Rising Necessity to Enhance Workplace Productivity

North America is expected to emerge as a significant market for human augmentation in the forecast period due to its various advantages, such as convenience, efficiency, and portability. The demand for the product is expected to increase in the region due to its ability to enhance workplace productivity and effectiveness. The human augmentation market in Europe is being driven by technological enhancements in the medical wearable devices. The improved economic conditions and the rising demand for the product are propelling the market in the Asia Pacific region. Moreover, the growing awareness about the benefits of medical wearable augmentation devices among the consumers is expected to generate growth opportunities in countries, such as China, India, and Japan.

Human Augmentation: Market Segmentation

Human augmentation refers to the technologies that enhance human productivity or capability, or somehow make the human body better. These technologies are a persistent and intuitive part of human experience on a day-to-day basis. Today, a large variety of implants and other human augmentations are available owing to technological advancements.

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The major types of human augmentation technologies are:

• Wearable
• Virtual Reality
• Augmented Reality
• Exoskeleton
• Intelligent Virtual Assistant
• Others

The market can be broadly categorised based on devices into:

• Body Worn
• Non-body Worn

By application, the market is classified into:

• Consumers
• Medical and Healthcare
• Industrial
• Aerospace and Defence
• Education
• Energy and Utility
• Others

The EMR report looks into the regional markets of human augmentation like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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Growing Demand for Medical Wearable Devices to Propel the Human Augmentation Industry

The global human augmentation market is being driven by rising awareness regarding the therapeutic applications of medical wearable devices. The rising demand for wearable devices and gadgets is generating tremendous growth opportunities for market growth. The growing research and development activities in the industry is bolstering the market growth. Increasing disposable incomes and improving lifestyle habits are also complementing the market growth. A rise in accidents related to work has led to an increase in the necessity for a healthy and safe work environment. This is fuelling the demand for wearables such as head-mounted displays, cameras, smart glasses, and smart gloves. Furthermore, the technological advancements in the sensor industry are expected to provide positive prospects for the market growth of human augmentation in the coming years.

Key Industry Players in the Global Human Augmentation Market

The report presents a detailed analysis of the following key players in the global human augmentation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Vuzix Corporation
• Google Inc.
• Samsung Electronics Co Ltd.
• Microsoft Corporation
• B-Temia Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report