Human Augmentation Market Size, Share,Industry, Forecast and outlook (2024-2031)

The increasing demand for assistive technology is intended to improve the independence and quality of life for those with age-related or disability-related limitations. To try to solve mobility issues, sensory impairments and other functional shortcomings, human augmentation technologies such as exoskeletons, prosthetic limbs, brain-computer interfaces and assistive robots are being created and used more often. Asia-Pacific is a dominating region in the market due to the early adoption of the technologies. IDC projects that by 2026, almost one-fifth of Asian industrial operations will incorporate AI and ML technologies into robotics and automation processes, vision-based systems and other processes. The date of this prediction is January 8, 2024. The integration aims to raise operational efficiency, decrease downtime and enhance worker safety within various industries.

By 2027, it is projected that approximately 60% of organizations in the Asia/Pacific region will enhance operational roles by integrating automation technology. The implementation aims to enhance employee engagement and unleash a 50% rise in worker efficiency. By the year 2028, a quarter of industrial organizations in Asia are expected to have implemented Private LTE or 5G networks across at least 30% of their operational sites. The adoption is aimed at decreasing initial expenses and enhancing data collection capabilities.

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Market Dynamics

Virtual reality (VR) and augmented reality (AR) technologies are employed on the battlefield to provide soldiers with a higher situational awareness. AR displays enhance decision-making and coordination during combat situations by superimposing tactical data and opponent positions in real time onto the soldier's field of vision. Soldiers can train in lifelike virtual settings that mimic combat scenarios, medical emergencies and other crucial events thanks to the use of human improvement technology in military training and simulation. VR-based courses improve decision-making, muscle memory and skill learning, which raises preparedness and effectiveness levels all around.

Growing investments by major key players for human augmentation help to boost market growth over the forecast period. For instance, on May 04, 2022, DASA initiated an Innovation Focus Area aimed at identifying Generation-After-Next (GAN) human augmentation technologies suitable for applications in defense and security.

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Segment Analysis

Based on the type, the human augmentation market is segmented into in-built and wearable. The development of more complex and adaptable wearable technology that can be smoothly integrated with the human body is the result of ongoing breakthroughs in this field. Wearable augmentation technologies are becoming more useful and user-friendly because of developments in component miniaturization, battery life, sensor capabilities and form factor comfort.

The growing product launches by the major key players helps to boost segment growth over the forecast period. For instance, on July 27,2020, Hilti launched EXO-O1 its first exoskeleton for construction. The EXO-O1 is the result of a collaboration between Hilti Group and Ottobock SE & Co. KGaA, a top supplier of orthotics, prosthetics and exoskeletons that help people improve and preserve their physical independence.

Competitive Landscape

The major global players in the market include SAMSUNG, Panasonic Corporation, Microsoft, TOYOTA MOTOR CORPORATION, General Motors, Google, FOSSIL GROUP, Raytheon Technologies Corporation, Life Sense Group and Garmin Ltd.

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