Report Code: TIPRE00007679 | No. of Pages: 150 | Category: Electronics and Semiconductor | Status: Prebook
Human augmentation is the technology that integrates electronics, biotechnology, and machines; it is used for boosting human efficiency and ability through various artificial methods. The increasing use of human augmentation devices in various sectors, including the use of exoskeletons in the healthcare and military sectors, is encouraging developers to launch technologically advanced human augmentation devices, which is boosting the growth of the human augmentation market during the forecast period.
|Market Size Value in||US$ 116.88 Billion in 2021|
|Market Size Value by||US$ 498.70 Billion by 2028|
|Growth rate||CAGR of 23.0% from 2022 to 2028|
|No. of Pages||150|
|Historical data available||Yes|
|Segments covered||Product Type, Functionality, Application, and Geography|
|Regional scope||North America; Europe; Asia Pacific; Latin America; MEA|
|Country scope||US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
North America led the human augmentation market in 2020, with the highest revenue share. A few major factors driving the growth of the North America human augmentation market are the rising demand for technologically advanced products, the region's improving economy, and technical improvements in medical wearable products. Further, Asia Pacific is expected to grow at the highest CAGR during the forecast period. The rising population, huge mobile user base, increasing disposable income, surging demand for smart devices, and availability of inexpensive labor are the major factors contributing to the growth of the market in developing APAC countries.
The below figure showcases the revenue growth trend in the North America human augmentation market:
The report analyzes factors affecting factors, such as drivers, restraints, opportunities, and future trends. It also provides exhaustive PEST analysis of the factors affecting the human augmentation market.
The COVID-19 pandemic led to disruptions in the supply chain, which adversely impacted the shipments of exoskeletons; AR and VR devices, including projectors and display walls, head-mounted displays, and gesture-tracking devices; and reflected a decrease in demand for human augmentation devices for the first two quarters of 2020 globally. Hence, the human augmentation device manufacturers witnessed a significantly lower volume of orders. A demand-supply imbalance of the human augmentation devices led to the manufacturing of inefficient products. Further, from the second half of 2020, many market players started developing technologically advanced products to meet the increasing demand from end users. Moreover, the growing use of health tracking devices by health-conscious people, including the rising demand for smart wearables capable of monitoring SpO2 levels and heart rate, has significantly contributed to the human augmentation market growth.
The report also includes the profiles of key human augmentation companies, along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, and key development in the past five years.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
The List of Companies
1. Google Inc.
2. Samsung Electronics Co. Ltd.
3. Ekso Bionics Holdings, Inc.
4. Vuzix Corporation
6. Fossil Group, Inc.
7. B-Temia Inc.
9. Magic Leap Inc.
10. Rewalk Robotics Ltd.