Press release
Human Augmentation Market Growth: Transforming Human Capabilities with Technology To Reach US$ 780.7Bn by 2031 | Most Leading Companies - SAMSUNG, Panasonic Corporation, Microsoft, TOYOTA MOTOR CORPORATION, General Motors, Google
Global Human Augmentation Market reached US$ 252.6 Billion in 2023 and is expected to reach US$ 780.7 Billion by 2031, growing with a CAGR of 15.6% during the forecast period 2024-2031.Human Augmentation Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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Human Augmentation refers to the use of technology to enhance human capabilities, whether physically, cognitively, or perceptually. This can include wearable devices, implants, exoskeletons, brain-computer interfaces, and other innovations designed to improve a person's performance, health, or sensory perception. Human augmentation technologies have applications in healthcare, military, sports, and various industries, aiming to extend human potential, enhance productivity, and enable individuals to overcome physical limitations.
List of the Key Players in the Human Augmentation Market:
SAMSUNG, Panasonic Corporation, Microsoft, TOYOTA MOTOR CORPORATION, General Motors, Google, FOSSIL GROUP, Raytheon Technologies Corporation, Life Sense Group and Garmin Ltd.
Industry Development:
On December 21, 2023, NTT DOCOMO, INC. unveiled the world's first technology that leverages a human-augmentation platform to share taste perceptions between individuals. This innovative solution combines DOCOMO's human augmentation platform with technology from Miyashita Laboratory and H2L to replicate taste experiences.
On November 9, 2023, Phantom Neuro introduced its groundbreaking solution to address outdated medical communication technologies by merging IoT Wi-Fi with implantable medical systems, marking a significant advancement in healthcare connectivity.
Growth Forecast Projected:
The Global Human Augmentation Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Human Augmentation Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Human Augmentation Market:
By Type: In-Built, Wearable
By Product: Body Worn, Non-body Worn
By Technology: Wearable, Virtual Reality, Augmented Reality, Exoskeleton, Intelligent Virtual Assistants, Others
By Application: Medical, HealthCare, Defense, Industrial, Other
By End-User: Pulp & Paper, Water Treatment, Food & Beverage, Agrochemical, Household & Cleaning, Chemical Processing, Others
Regional Analysis for Human Augmentation Market:
The regional analysis of the Human Augmentation Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Human Augmentation market?
➠ Who are the leading manufacturers in the global Human Augmentation industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Human Augmentation industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Human Augmentation market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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