Press release
Emerging Trends to Drive Human Augmentation Market Growth at 19.4% CAGR Through 2029
Human Augmentation Market Size
Human Augmentation Market Size Growth Forecast: What to Expect by 2025?
The market size of human augmentation has witnessed an exponential growth in the past few years. It is projected to escalate from $230.56 billion in 2024 to $284.59 billion in 2025, indicating a compound annual growth rate (CAGR) of 23.4%. This growth during the historical period is attributable to the increasing adoption of human augmentation, the rise in research and development activities, substantial capital expenditure, and a growing demand for human augmentation.
How Will the Human Augmentation Market Size Evolve and Grow by 2029?
The market size for human augmentation is projected to experience swift expansion over the coming few years. By 2029, it is poised to reach a total value of $577.83 billion, progressing at a Compound Annual Growth Rate (CAGR) of 19.4%. The surge noted in the projected period could be owed to multiple factors including the growing acceptance in medical, defense, industrial sectors, escalating demand for wearable gadgets and virtual reality tech, rising fascination with augmented reality and exoskeleton tech, and widening avenues in the human augmentation industry. The forecast period also identifies major trends like growing usage of wearable gadgets and virtual reality technology, progress in AI-supported wearable devices, and advances in human augmentation device technology.
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What Drivers Are Propelling the Growth of Human Augmentation Market Forward?
The rise in the usage of smart wearable devices is anticipated to drive the human augmentation market's expansion. Smart wearable devices are electronic devices worn on the body as accessories or incorporated into clothing and accessories, often equipped with sensors, connectivity features, and superior computing capabilities. These devices employ human augmentation to offer individuals innovative ways to monitor, improve, and interact with their physical and cognitive functions. For example, the OxJournal, a UK-based non-profit organization, stated in August 2023 that the worldwide smart wearable device market reached 275 million units in 2021 and is expected to increase to 440 million units by the conclusion of 2024. Consequently, the accelerated adoption of smart wearable devices is predicted to boost the growth of the human augmentation market.
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Which Emerging Trends Are Transforming the Human Augmentation Market in 2025?
Leading firms in the human augmentation market are concentrating on novel product developments, such as walk-sensing and coaching systems, to boost their market profitability. Such systems employ technology designed to enhance walking techniques and posture by analyzing, diagnosing and coaching a user's gait. For example, in October 2022, Kyocera Corporation, an electronics company from Japan, debuted the Physical Avatar. This tool offers a tangible proxy for remote employees in the office, enabling interaction with teammates via a comprehensive 360-degree camera and microphone system. The firm also unveiled innovative human augmentation technology prototypes in Japan, utilizing advanced AI to amplify human capacities. Kyocera Corporation aims to invent technologies that enhance personal safety, convenience, and quality of life. One of the featured solutions is the Walk Sensing and Coaching System, which employs sensors to study walking patterns and provide guidance to better posture and minimize the danger of tripping.
What Are the Key Segments in the Human Augmentation Market?
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
Subsegments:
1) By Wearable Devices: Fitness Trackers, Smartwatches, Health Monitoring Devices, Smart Clothing
2) By Augmented Reality Devices: Smart Glasses, AR Headsets, AR-Enabled Smartphones And Tablets
3) By Virtual Reality Devices: VR Headsets, VR Gloves, VR Motion Controllers
4) By Exoskeletons: Full-Body Exoskeletons, Lower-Limb Exoskeletons, Upper-Limb Exoskeletons
5) By Biometric Systems: Fingerprint Recognition Systems, Iris Recognition Systems, Facial Recognition Systems, Voice Recognition Systems
6) By Intelligent Virtual Assistants: AI-Powered Personal Assistants, Chatbots For User Interaction, Virtual Health Assistants
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Who Are the Key Players Shaping the Human Augmentation Market's Competitive Landscape?
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.
What Geographic Markets Are Powering Growth in the Human Augmentation Market?
North America was the largest region in the human augmentation market in 2024. 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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