Human Augmentation Market worth $721.44 billion by 2030, growing at a CAGR of 15.89% - Exclusive Report by 360iResearch

The "Human Augmentation Market by Type (Augmented Reality Device, Biometric System, Exoskeletons), Functionality (Body Worn, Non-Body Worn), End-use - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global Human Augmentation Market to grow from USD 221.72 billion in 2022 to USD 721.44 billion by 2030, at a CAGR of 15.89%.

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Human augmentation includes using technology and various means to improve the capabilities and attributes of the human body and mind. It involves integrating external components, such as technological devices, implants, and prosthetics, to enhance human functions, extending beyond natural human capabilities. Human augmentation technologies encompass various applications, including physical enhancements, cognitive improvements, sensory augmentations, and biohacking. Growing awareness and acceptance of cognitive and physical enhancement applications serve as catalysts for market growth. Expanding the application of human augmentation technologies in the military to enhance soldiers' physical and cognitive capabilities is driving market growth. The lack of universal standards and guidelines regarding using and applying human augmentation technologies hampers market growth. Additionally, high costs associated with research, development, and the eventual application of human augmentation technologies impede market growth. Rapid developments in fields such as robotics, artificial intelligence, and biotechnology by market vendors enable the creation of more advanced and effective human augmentation devices and solutions. They are expected to create opportunities for market growth.

The human augmentation market in the Americas represents a highly developing landscape due to the presence of native market players focusing on continuous advancements in robotics, artificial intelligence, and augmented reality. North America, particularly the United States, has been a key contributor, with increasing investments in exoskeletons, neural control interfaces, and prosthetic technologies. The region's focus on enhancing human capabilities in healthcare, military, and industrial sectors has spurred market expansion. The APAC human augmentation market has witnessed notable growth due to the region's expanding healthcare and manufacturing sectors. Countries such as Japan and South Korea have been at the forefront of developing robotic exoskeletons and wearable devices for healthcare and elderly care applications. APAC region's market is characterized by diverse applications, including medical devices and industrial exoskeletons, reflecting the wide adoption of human augmentation technologies. Ongoing research in bionic eye installations and considerable funding support from the European Commission underlined the growing interest in human augmentation, creating a platform for market growth in Europe. The Middle East and Africa regions human augmentation market is growing with investments in bionic limbs and assistive technologies for healthcare and rehabilitation. The diverse range of applications, coupled with the region's commitment to research and development, has contributed to expanding the human augmentation market throughout EMEA.

Market Segmentation & Coverage:

This research report categorizes the Human Augmentation Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Augmented Reality Device, Biometric System, Exoskeletons, Intelligent Virtual Assistants, Virtual Reality Device, and Wearable Device. The Wearable Device commanded largest market share of 21.15% in 2022, followed by Augmented Reality Device.

Based on Functionality, market is studied across Body Worn and Non-Body Worn. The Body Worn commanded largest market share of 85.47% in 2022, followed by Non-Body Worn.

Based on End-use, market is studied across Aerospace & Defense, Healthcare, Manufacturing, and Media & Entertainment. The Healthcare commanded largest market share of 36.18% in 2022, followed by Media & Entertainment.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.72% in 2022, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Human Augmentation Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Human Augmentation Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Human Augmentation Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Amazon.com, Inc., Apple Inc., AppliedVR, Inc., Aptima, Inc., Atheer, Inc., B-Temia Inc., Charles River Analytics, Inc., Cionic, Inc., Cognitive Mill by AIHunters, Continental AG, CYBERDYNE Inc., Ekso Bionics Holdings, Inc., Esper Bionics Inc., Fujitsu Limited, Garmin Limited, General Motors Company, Google LLC by Alphabet, Inc., HID Global Corporation by Assa Abloy AB, Hocoma AG by DIH International Limited, HTC Corporation, Hyundai Motor Company, IDEMIA Group, S.A.S., Kyocera Corporation, Lifesense Group, Magic Leap Inc., Meta Platforms, Inc., Microsoft Corporation, NEC Corporation, Nvidia Corporation, Ottobock SE & Co. KGaA, Panasonic Corporation, Parker Hannifin Corporation, Rewalk Robotics Inc., Rex Bionics Ltd, Robert Bosch GmbH, RTX Corporation, Saab AB, Samsung Electronics Co., Ltd., Soar Technology, Inc., Sony Group Corporation, Thales Group, Unity Software Inc., and Vuzix Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Human Augmentation Market, by Type
7. Human Augmentation Market, by Functionality
8. Human Augmentation Market, by End-use
9. Americas Human Augmentation Market
10. Asia-Pacific Human Augmentation Market
11. Europe, Middle East & Africa Human Augmentation Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Human Augmentation Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Human Augmentation Market?
3. What is the competitive strategic window for opportunities in the Human Augmentation Market?
4. What are the technology trends and regulatory frameworks in the Human Augmentation Market?
5. What is the market share of the leading vendors in the Human Augmentation Market?
6. What modes and strategic moves are considered suitable for entering the Human Augmentation Market?

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