Human Augmentation Market Size, Share, Statistics and Industry Growth Analysis Report by Wearable (Wristwear, Bodywear, Footwear, Eyewear), AR (Head-mounted display), VR (Head-up display), Biometric (Fingerprint, Face, Iris), Exoskeleton (Powered, Passive), IVA (Chatbot), Functionality - Global Forecast to 2028
[294 Pages Report] The global Human Augmentation Market Size is expected to be valued at USD 253.6 Billion in 2023 and is projected to reach USD 545.1 Billion by 2028; it is expected to grow at a CAGR of 16.5% from 2023 to 2028.
Product launches, acquisitions, partnerships, collaborations, agreements, and expansions are the major growth strategies adopted by the human augmentation industry players. These strategies have enabled them to efficiently fulfill the growing demand for human augmentation from different end-user industries and expand their global footprint by offering their products in all the major regions.
Human Augmentation Market Forecast to 2028
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Human Augmentation Market Dynamics
Driver: Growth in Virtual Reality (VR) and Augmented Reality (AR) technologies
The Virtual Reality (VR) and Augmented Reality (AR) technologies is a significant driver for the human augmentation market growth, as these immersive technologies enhance training, simulation, and real-time data visualization, allowing users to interact with digital information and objects in ways that augment their skills and experiences, whether in fields like healthcare, education, or workplace training, thereby expanding the applications and adoption of human augmentation technologies.
Restraint: High cost of technology
One significant restraint in the human augmentation market is the high cost associated with developing and implementing these advanced technologies. The research, development, and manufacturing of human augmentation solutions involve cutting-edge materials, intricate engineering, and sophisticated software. These factors result in high initial capital investments, making the technology expensive for both developers and end-users. The cost of research and clinical trials to ensure safety and efficacy also adds to the overall expense.
Opportunity: Growing adoption of technologies in military and defense
The growing adoption of advanced technologies in the aerospace and defense sectors presents a significant opportunity for the human augmentation market. In these fields, technological advancements are often a matter of life and death, making the integration of human augmentation technologies crucial. Exoskeletons, wearable devices, augmented reality (AR), and cognitive enhancements are being employed to enhance the physical and cognitive capabilities of soldiers, pilots, and ground personnel. These technologies improve soldier performance, reduce the physical strain of lifting heavy equipment, and provide critical information through heads-up displays.
Challenge: Safety and liability issues
The human augmentation market presents a significant challenge in addressing safety and liability issues associated with the adoption of these technologies. As human augmentation technologies become more integrated into various aspects of life, including healthcare, the workplace, and everyday activities, ensuring the safety of users and establishing clear liability frameworks becomes crucial. There's a risk of unforeseen health complications, such as allergic reactions to implanted devices or cyberattacks targeting wearable technologies.
Human Augmentation Market Ecosystem
The human augmentation market is dominated by established and financially sound manufacturers with extensive experience in the industry. These companies have diversified product portfolios, cutting-edge technologies, and strong global sales and marketing networks. Leading players in the market include Samsung from South Korea, Alphabet Incorporation from US, Apple Inc. from US, Meta from US, Microsoft from US.
Based on product type, the biometric systems market for human augmentation to hold second highest market share during the forecast period
With increasing concerns about security in various sectors, such as finance, healthcare, and government, the demand for robust authentication and identification methods is growing. Biometric systems offer highly secure and reliable ways to verify and validate individual identities. Ongoing advancements in biometric technology, including facial recognition, fingerprint scanning, and iris recognition, have made these systems more accurate, accessible, and cost-effective, increasing their adoption in various industries.
Based on functionality, the non body-worn market for human augmentation to hold second highest market share during the forecast period
Non-body-worn devices, such as brain-computer interfaces (BCIs) and neural implants, offer the potential to enhance cognitive and physical performance without the need for external wearables. BCIs enable direct communication between the brain and external devices, allowing for improved control and interaction. Regulatory bodies in healthcare are increasingly approving and regulating the use of non-body-worn medical devices, providing a supportive environment for their development and adoption.
Based on end-user, the medical end-user market for human augmentation to hold second highest market share during the forecast period
The medical field is constantly innovating, and human augmentation technologies play a vital role in improving healthcare outcomes. Medical augmentations include wearable health devices, robotic surgery systems, and neural implants, which enhance patient care and treatment. Remote patient monitoring and telemedicine are on the rise. Wearable medical devices allow healthcare providers to monitor patients' vital signs and health conditions remotely, leading to better care and early interventions.
Human augmentation market in Asia Pacific to hold the second highest market share during the forecast period
The Asia Pacific region, including countries like China, Japan, and South Korea, is known for its rapid technological advancements. These nations invest heavily in research and development, fostering innovation in human augmentation technologies. Asia Pacific countries are experiencing an increased demand for healthcare services. This has led to the development of medical augmentations, wearable medical devices, and surgical robotics, all of which contribute to the growth of the human augmentation market.
Human Augmentation Market Statistics by Region
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Key Market Players
The human augmentation companies is dominated by players such Samsung (South Korea), Alphabet Incorporation (US), Apple Inc. (US), Meta (US), Microsoft (US), and others
Human Augmentation Market Report Scope
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Report Metric |
Details |
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Estimated Market Size in 2023 |
USD 253.6 Billion |
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Projected Market Size in 2028 |
USD 545.1 Billion |
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Growth Rate |
CAGR of 16.5% |
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Market size available for years |
2019—2028 |
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Base year |
2022 |
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Forecast period |
2023—2028 |
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Forecast Units |
USD Millions/USD Billions and Million Units |
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Segments Covered |
By Product Type, By Technology, By Functionality, and By End-User |
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Geographic regions covered |
North America, Europe, Asia Pacific, and RoW |
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Companies covered |
Samsung (South Korea), Alphabet Incorporation (US), Apple Inc. (US), Meta (US), Microsoft (US), Sony Group Corporation (Japan), Ekso Bionics (US), Vuzix (US), Garmin Ltd. (US), Fossil Group Inc. (US), B-Temia (Canada), Casio Computers Co., Ltd. (Japan), ReWalk Robotics (US), Cyberdyne Inc. (Japan). A total of 29 players are covered. |
Human Augmentation Market Highlights
The study categorizes the human augmentation market based on the following segments:
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Segment |
Subsegment |
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By Product Type |
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By Technology |
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By Functionality |
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By End-user |
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By Region |
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Recent Developments
- In September 2023, Apple Watch Series 9 also has a new 4-core Neural Engine that can process machine learning tasks up to twice as fast, when compared with Apple Watch Series 8. The power efficiency of the S9 SiP allows Apple Watch Series 9 to maintain all-day 18-hour battery life.
- In September 2023, Fitbit launched Charge 6 fitness tracker. It has most accurate heart rate on a fitness tracker and the ability to connect to compatible gym equipment.
- In July 2023, Garmin the launch of two powerful and feature-rich outdoor smartwatch series: the fenix 7 Pro and epix Pro Series. These next-generation smartwatches are designed to meet the demands of athletes, adventurers, and fitness enthusiasts, providing them with the ultimate performance and tracking capabilities.
- In June 2023, Samsung launched its next generation Galaxy Watch6 series. Galaxy Watch6 series now offers in-depth analysis of Sleep Score Factors — total sleep time, sleep cycle, awake time, plus physical and mental recovery to help users understand the quality of sleep received each night.
- In April 2023, Casio launched the smartwatch. The smartwatch has a built-in optical sensor which can be used to track your heart rate, and you can also track your blood oxygen levels with the gadget. An accelerometer tracks your steps though the wearables do not have GPS; linking the watch to your smartphone enables you to track your distance, and route travelled while walking or running.
- In February 2023, Sony launched the VR glasses. These are virtual reality glasses that were released in 2023. They have the highest pixel density display among commercial OLED panels. PlayStation VR2 can be used with the PlayStation 5 console.
- In October 2022, Fossil launched the Gen 6 Wellness edition smartwatch powered by Google’s updated Wear OS 3 platform. The Fossil Gen 6 Wellness edition features Snapdragon Wear 4100+, fast charging, and Bluetooth connectivity above 5.0.
- In August 2022, Vuzix introduced Blade 2 smart glasses, its third generation Blade model. Configured primarily for commercial use, Vuzix Blade 2 smart glasses pack a power efficient high performance Qualcomm processor that now runs Android 11 in support of a large variety of enterprise-focused apps.
Frequently Asked Questions:
What are the major driving factors and opportunities in the human augmentation market?
Some of the major driving factors for the growth of this market include Growth in virtual reality (VR) and augmented reality (AR) technologies, Advancements in medical technology, Increasing adoption of wearable devices, Growing adoption of advanced technologies in sports. Moreover, Growing adoption of technologies in military and defense, Adoption of remote work and telemedicine, Wide range of applications in gaming and entertainment industries are some of the key opportunities for the human augmentation market.
Which region is expected to hold the highest market share?
North America, particularly the United States, is a hub for technological innovation. Ongoing advancements in fields like robotics, artificial intelligence, biotechnology, and materials science are driving the development of advanced human augmentation technologies. The United States and Canada, as leading North American countries, have seen economic growth and significant investment in research and development of human augmentation technologies.
Who are the leading players in the global human augmentation market?
Companies such as as Samsung (South Korea), Alphabet Incorporation (US), Apple Inc. (US), Meta (US), Microsoft (US) are the leading players in the market. Moreover, these companies rely on strategies that include new product launches and developments, partnerships and collaborations, and acquisitions. Such advantages give these companies an edge over other companies in the market.
What are some of the technological advancements in the market?
Technological advancements in the human augmentation market are rapidly transforming the landscape. Breakthroughs in artificial intelligence, robotics, biotechnology, and materials science are enabling the development of highly sophisticated and integrated augmentation solutions. For instance, Brain-computer interfaces are becoming more precise, allowing for seamless communication between the brain and external devices. Wearable technologies are getting smarter, offering real-time health monitoring and augmented reality experiences. As these technologies continue to evolve, they hold the promise of improving human capabilities, enhancing healthcare, and revolutionizing various industries, from manufacturing to entertainment.
What is the impact of global recession on the market?
The Human Augmentation industry is expected to face challenges in 2023, primarily due to the economic recession and the rising tide of inflation. Its growth is intricately tied to the production and sale of various semiconductor components, including sensors, microelectronics, and batteries, which are the fundamental building blocks of human augmentation technologies. As inflation and interest rates climb while unemployment rates increase, the demand for human augmentation solutions from both consumers and enterprises is likely to diminish, thereby affecting production and global investments. The recession will result in reduced capital expenditures (CAPEX) across end-user industries such as consumer, medical, commercial, and industrial sectors that rely on human augmentation solutions.
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The study involved four major activities in estimating the current size of the human augmentation market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Secondary sources for this research study included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; certified publications; articles by recognized authors; directories; and databases. The secondary data was collected and analyzed to determine the overall market size, further validated through primary research.
List of major secondary sources
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SOURCE |
WEB LINK |
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Federal Communications Commission (FCC) |
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Food and Drug Administration (FDA) |
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Canadian Radio-television and Telecommunications Commission (CRTC) |
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Medicines and Healthcare Products Regulatory Agency (MHRA)) |
https://www.gov.uk/government/organisations/medicines-and-healthcare-products-regulatory-agency |
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National Medical Products Administration (NMPA) |
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Pharmaceuticals and Medical Devices Agency (PMDA) |
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European Medicines Agency (EMA) |
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the human augmentation market through secondary research. Several primary interviews were conducted with experts from both demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the human augmentation market and its various dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire procedure involved the study of annual and financial reports of top players and extensive interviews with industry leaders such as chief executive officers (CEOs), vice presidents (VPs), directors, and marketing executives. All percentage shares and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Bottom-Up Approach
The bottom-up approach was used to arrive at the overall size of the Human Augmentation market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.
- Identifying various applications using or expected to implement Human Augmentation
- Analyzing each end-user, along with the major related companies and Human Augmentation providers
- Estimating the Human Augmentation market for end-user
- Understanding the demand generated by companies operating across different end-user
- Tracking the ongoing and upcoming implementation of projects based on Human Augmentation technology by vertical and forecasting the market based on these developments and other critical parameters
- Carrying out multiple discussions with the key opinion leaders to understand the type of Human Augmentation products designed and developed vertically. This information would help analyze the breakdown of the scope of work carried out by each major company in the Human Augmentation market
- Arriving at the market estimates by analyzing Human Augmentation companies as per their countries, and subsequently combining this information to arrive at the market estimates by region
- Verifying and cross-checking the estimates at every level through discussions with the key opinion leaders, including CXOs, directors, and operations managers, and finally with domain experts at MarketsandMarkets
- Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.
To calculate the market size of specific segments, the most appropriate immediate parent market size has been used to implement the top-down approach. The top-down approach was implemented for the data extracted from the secondary research to validate the market size obtained.
The market share of each company was estimated to verify the revenue shares used earlier in the top-down approach. The overall parent market size and individual market sizes were determined and confirmed in this study by the data triangulation method and the validation of data through primaries. The data triangulation method used in this study is explained in the next section.
- Focusing on top-line investments and expenditures being made in the ecosystems of various verticals.
- Building and developing the information related to the market revenue generated by key Human Augmentation manufacturers
- Conducting multiple on-field discussions with the key opinion leaders involved in the development of Human Augmentation products in various applications
- Estimating geographic splits using secondary sources based on various factors, such as the number of players in a specific country and region, the offering of Human Augmentation, and the level of solutions offered in end-user industries
- Impact of the recession on the steps mentioned above has also been considered
Data Triangulation
After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation procedure has been employed wherever applicable. The data has been triangulated by studying various factors and trends from both demand and supply sides. Along with this, the market size has been validated using top-down and bottom-up approaches.
Market Definition
Human augmentation refers to the use of various technologies and techniques to enhance or augment the capabilities of the human body and mind. It involves the integration of artificial elements, such as devices or implants, with the human biological system to improve physical, cognitive, sensory, or other functional aspects of an individual.
Key Stakeholders
- Technology Developers
- Medical Device Manufacturers
- Healthcare Providers
- Consumers
- Regulatory Authorities
- Insurance Companies
- Investors and Venture Capitalists
- Ethics and Advocacy Groups
- Researchers and Academia
- Manufacturers of Components
- End-User Industries
- Government Agencies
Report Objectives
- To define, describe, and forecast the Human Augmentation market based on product type, technology, functionality, end-user, and region.
- To forecast the shipment data of Human Augmentation market.
- To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
- To strategically analyze micro-markets with respect to individual growth trends, prospects, and contributions to the total market
- To study the complete value chain and allied industry segments and perform a value chain analysis of the market
- To strategically profile the key players and comprehensively analyze their market shares and core competencies
- To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
- To analyze competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers & acquisitions, product developments, and research & development (R&D) in the market
- To analyze the impact of the recession on the Human Augmentation market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
- Detailed analysis and profiling of additional market players (up to 5)
- Additional country-level analysis of the human augmentation market
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the human augmentation market.
Generating Response ...
Growth opportunities and latent adjacency in Human Augmentation Market