Human Augmentation Market
Global Human Augmentation Market Size, Share & Trends Analysis Report by Product Type (Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Exoskeletons, and Intelligent Virtual Assistants), and by Application (Consumer, Commercial, Medical, Aerospace & Defense, Industrial, and Others) Forecast Period (2022-2028)
The global human augmentation market is projected to grow at a modest CAGR of 20.1% during the forecast period. Growing demand for wearable human augmentation devices in the healthcare sector, the recent introduction of AI-powered wearable devices, and rapid technological advancements such as the availability of fast processing chipsets, miniaturization of sensors, use of brain-computer interfaces, and nanotechnology evolution are some of the major factors driving the market growth. Industry use of human augmentation technology such as exoskeletons, AR, and VR gadgets has increased as the necessity for high productivity and an increased emphasis on worker safety has grown. Exoskeletons are employed in a variety of industries, including shipbuilding, heavy machinery, and construction, since they may be modified for lifting huge objects, ensuring worker safety, and increasing production and worker efficiency. Similarly, technicians are increasingly using AR gadgets to boost productivity in their workplaces. Workers can utilize head-up displays and smart helmets to interpret designs and instructions since they provide real-time data.
Impact of COVID-19 Pandemic on Global Human Augmentation market
The COVID-19 pandemic has caused global health disasters and multiple deaths. Lockdowns were implemented in various places, causing supply chain disruptions. The advent of the pandemic had a significant impact on key human augmentation product producers during the first two quarters of 2020. Due to the imposition of lockdowns in several places, an imbalance in demand and supply was seen, resulting in enterprises not operating at full capacity. Exoskeletons, AR and VR technologies such as head-mounted displays, projectors & display walls, and gesture-tracking gadgets have all been affected by the pandemic's supply chain interruptions. For the first three quarters of 2020, the market saw a decrease in shipments. However, due to rising demand from developing applications, particularly in the healthcare, aerospace & defense, and industrial sectors, the market is likely to pick up steam in the fourth quarter of 2020.
Regardless of its impact on the global economy, COVID-19 had no negative impact on the wearable device sector. Although certain market competitors reduced their output, demand for wearables remained steady. Many market companies began creating new and improved items in the second half of 2020 to fulfill rising demand and new needs. The rising necessity to track health issues as a result of the pandemic, as well as the growing use of such devices by health-conscious consumers, have fueled market growth.
Segmental Outlook
The global human augmentation market is segmented based on product type and application. Based on product type, the market is segmented into wearable devices, virtual reality devices, augmented reality devices, exoskeletons, and intelligent virtual assistants. Based on application, the market is segmented into consumer, commercial, medical, aerospace & defense, industrial, and others.
Global Human Augmentation Market Share by Application, 2021 (%)
Consumers Segment to Hold a Prominent Share in the Global Human Augmentation market
Among the application, the consumer segment is expected to have a prominent share in the market during the forecast period. Some of the primary drivers driving the market growth for consumer applications include the increased acceptance of wearable devices for fitness tracking and health monitoring, as well as the growing demand for AR and VR HMDs for gaming and entertainment applications. Smart speakers have been increasingly popular in recent years as a result of their convenience. These devices can be connected to a smartphone via mobile apps and used to operate connected household gadgets and appliances including lights, refrigerators, and air conditioners. Early users of various human augmentation technologies include the entertainment, fitness, and gaming industries, which have provided growth prospects to numerous industry companies across the value chain.
Regional Outlook
Geographically, the global human augmentation market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. However, the regions including Europe and North America are expected to cater a prominent share in the global human augmentation market, owing to the strong presence of major market players coupled with developed economies.
Global Human Augmentation Market Growth, by region 2022-2028
North America is Projected to Have a Prominent Share in the Global Human Augmentation market
North America is anticipated to exhibit the highest growth in the global Human Augmentation market. This is owing to the region's improving economy and rising demand for enhancement products. Furthermore, technical improvements in medical wearable products have fueled market expansion in North America. In North America, the US has the greatest market for human enhancement, followed by Canada. This is due to the region's growing knowledge of therapeutic applications of medical wearable augmentation devices and increasing inventive applications of augmentation products.
Market Players Outlook
The prominent players functioning in the global human augmentation market include Samsung Electronics Co., Ltd., Google LLC, Ekso Bionics, Vuzix Corp., and Garmin Ltd. among others. These key manufacturers are adopting various strategies such as new product launches and approvals, mergers and acquisitions, partnerships, collaborations, and many others to thrive in a competitive environment. For an instance, in August 2021Samsung Electronics Co., Ltd. introduced the Galaxy Watch4 and Galaxy Watch 4 Classic. These devices include the new Samsung BioActive Sensor, which allows for real-time measurement of many-body composition metrics such as fat % and hydration levels.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global human augmentation market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Human Augmentation Industry
• Recovery Scenario of Global Human Augmentation Industry
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Conclusion
2.3. Porter’s Analysis
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Human Augmentation Market by Product Type
4.1.1. Wearable Devices
4.1.2. Virtual Reality Devices
4.1.3. Augmented Reality Devices
4.1.4. Exoskeletons
4.1.5. Intelligent Virtual Assistants
4.2. Global Human Augmentation Market by Application
4.2.1. Consumer
4.2.2. Commercial
4.2.3. Medical
4.2.4. Aerospace & Defense
4.2.5. Industrial
4.2.6. Others
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. B-Temia Inc.
6.2. Casio
6.3. CYBERDYNE INC.
6.4. Ekso Bionics
6.5. Fossil Group, Inc.
6.6. Garmin Ltd.
6.7. Google LLC
6.8. Magic Leap
6.9. ReWalk Robotics
6.10. Samsung Electronics Co., Ltd.
6.11. Vuzix Corp.
1. GLOBAL HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
2. GLOBAL WEARABLE DEVICES FOR HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL VIRTUAL REALITY DEVICES FOR HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL AUGMENTED REALITY DEVICES FOR HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL EXOSKELETONS FOR HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL INTELLIGENT VIRTUAL ASSISTANTS FOR HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
8. GLOBAL HUMAN AUGMENTATION FOR CONSUMER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL HUMAN AUGMENTATION FOR COMMERCIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL HUMAN AUGMENTATION FOR MEDICAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL HUMAN AUGMENTATION FOR AEROSPACE & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL HUMAN AUGMENTATION FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL HUMAN AUGMENTATION FOR OTHER APPLICATIONS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. NORTH AMERICAN HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. EUROPEAN HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
20. EUROPEAN HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. ASIA-PACIFIC HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
24. REST OF THE WORLD HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2021-2028 ($ MILLION)
25. REST OF THE WORLD HUMAN AUGMENTATION MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL HUMAN AUGMENTATION MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL HUMAN AUGMENTATION MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL HUMA AUGMENTATION MARKET, 2022-2028 (%)
4. GLOBAL HUMAN AUGMENTATION MARKET SHARE BY PRODUCT TYPE, 2021 VS 2028 (%)
5. GLOBAL WEARABLE DEVICES FOR HUMAN AUGMENTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
6. GLOBAL VIRTUAL REALITY DEVICES FOR HUMAN AUGMENTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
7. GLOBAL AUGMENTED REALITY DEVICES FOR HUMAN AUGMENTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
8. GLOBAL EXOSKELETONS FOR HUMAN AUGMENTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
9. GLOBAL INTELLIGENT VIRTUAL ASSISTANTS FOR HUMAN AUGMENTATION MARKET SHARE BY REGION, 2021 VS 2028 (%)
10. GLOBAL HUMAN AUGMENTATION MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
11. GLOBAL HUMAN AUGMENTATION FOR CONSUMER MARKET SHARE BY REGION, 2021 VS 2028 (%)
12. GLOBAL HUMAN AUGMENTATION FOR COMMERCIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
13. GLOBAL HUMAN AUGMENTATION FOR MEDICAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
14. GLOBAL HUMAN AUGMENTATION FOR AEROSPACE & DEFENSE MARKET SHARE BY REGION, 2021 VS 2028 (%)
15. GLOBAL HUMAN AUGMENTATION FOR INDUSTRIAL MARKET SHARE BY REGION, 2021 VS 2028 (%)
16. GLOBAL HUMAN AUGMENTATION FOR OTHERS MARKET SHARE BY REGION, 2021 VS 2028 (%)
17. GLOBAL HUMAN AUGMENTATION MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. US HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
19. CANADA HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
20. UK HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
21. FRANCE HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
22. GERMANY HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
23. ITALY HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
24. SPAIN HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
25. ROE HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
26. INDIA HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
27. CHINA HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
28. JAPAN HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
29. ASEAN HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD HUMAN AUGMENTATION MARKET SIZE, 2021-2028 ($ MILLION)
