Human Augmentation Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

 Overview and Scope

Human augmentation refers to the enhancement or improvement of human capabilities through the integration of technological or biological components. It involves integrating technology with the human body, mind, or both to enhance physical, cognitive, or sensory abilities.

Sizing and Forecast
The human augmentation market size has grown exponentially in recent years. It will grow from $186.88 billion in 2023 to $230.56 billion in 2024 at a compound annual growth rate (CAGR) of 23.4%.  The growth in the historic period can be attributed to rising adoption of human augmentation, growing research and development, high cost of capital expenditure, increasing demand for human augmentation.

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Segmentation & Regional Insights
The human augmentation market covered in this report is segmented –
1) By Product Type: Wearable Devices, Augmented Reality Devices, Virtual Reality Devices, Exoskeletons, Biometric Systems, Intelligent Virtual Assistants
2) By Technology: AI Integration, Quantum Computing Augmentation, Biohacking and Bio-Augmentation
3) By End-User: Consumer, Commercial, Medical, Aerospace and Defense, Industrial, Other End-users

North America was the largest region in the human augmentation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the human augmentation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing adoption of smart wearable devices is expected to propel the growth of the human augmentation market. Smart wearable devices refer to electronic devices that are worn as accessories or embedded into clothing and accessories, typically equipped with sensors, connectivity features, and advanced computing capabilities. Human augmentation is used in smart wearable devices to provide individuals with new ways to monitor, enhance, and interact with physical and cognitive functions. For instance, in February 2023, according to a survey of 8,014 respondents by Digital Health Consumer Adoption Survey by Rock Health Inc., a US-based digital health solutions company, In 2022, 46% of respondents owned a wearable smart device, up 4 percent from 2020 (43%), and 45% in 2021. Therefore, the increasing adoption of smart wearable devices is expected to propel the growth of the human augmentation market.

Key Industry Players
Major companies operating in the human augmentation market report are Alphabet Inc., Toyota Motor Corporation, Samsung Electronics Co. Ltd., Microsoft Corporation, General Motors Company, Huawei Technologies Co. Ltd., Sony Corporation, Raytheon Technologies Corporation , Panasonic Holdings Corporation, NVIDIA Corporation, Parker Hannifin Corporation, Garmin International Inc., Facebook Reality Labs (FRL), Fossil Group Inc., Magic Leap Inc., Hocoma AG , Wandercraft SAS, Touch Bionics Inc., Cyberdyne Inc., Vuzix, Ekso Bionics Holdings Inc., ReWalk Robotics Inc., Atheer Inc., BrainGate Company, Bionik Laboratories Corporation, Rex Bionics Ltd., B-Temia Inc., Life Sense (Pty) Ltd., Wearable Robotics SRL, Ekso Bionics Holdings Inc.

The human augmentation market report table of contents includes:
1. Executive Summary

2. Human Augmentation Market Characteristics

3. Human Augmentation Market Trends And Strategies

4. Human Augmentation Market - Macro Economic Scenario

5. Global Human Augmentation Market Size and Growth
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32. Global Human Augmentation Market Competitive Benchmarking

33. Global Human Augmentation Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Human Augmentation Market

35. Human Augmentation Market Future Outlook and Potential Analysis

36. Appendix

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