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Human Augmentation Market by Type (Augmented Reality Device, Biometric System, Exoskeletons), Functionality (Body Worn, Non-Body Worn), End-use - Global Forecast 2024-2030

Publisher 360iResearch
Published Jun 05, 2024
Length 180 Pages
SKU # IRE18855979

Description

Human Augmentation Market by Type (Augmented Reality Device, Biometric System, Exoskeletons), Functionality (Body Worn, Non-Body Worn), End-use - Global Forecast 2024-2030


The Human Augmentation Market size was estimated at USD 255.84 billion in 2023 and expected to reach USD 296.24 billion in 2024, at a CAGR 15.96% to reach USD 721.44 billion by 2030.

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.

Regional Insights

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 Insights
  • Market Dynamics

    The market dynamics represent an ever-changing landscape of the Human Augmentation Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
    • Market Drivers
      • Growing awareness and acceptance of cognitive and physical enhancement applications
      • Rising need for human augmentation for medical wearable devices
      • Increasing demand from aerospace & defense for gesture-tracking purposes
      • Market Restraints
        • High cost of development of human augmentation technologies
        • Market Opportunities
          • Continuous introduction of technologically advanced human augmentation
          • Government support and private investments for advancing human augmentation technologies
          • Market Challenges
            • Risk of data and identity breach with the usage of human augmentation technologies
            • Market Segmentation Analysis
              • Type: Expanding usage of augmented reality devices to provide hands-free data access and navigation guidance
              • Functionality: Increasing usage of body-worn human augmentation to enhance mobility and endurance
              • End-user: Increasing application of human augmentation technologies in the manufacturing sector to improve worker productivity and efficiency
              • Market Disruption Analysis
              • Porter’s Five Forces Analysis
              • Value Chain & Critical Path Analysis
              • Pricing Analysis
              • Technology Analysis
              • Patent Analysis
              • Trade Analysis
              • Regulatory Framework Analysis
              FPNV Positioning Matrix

              The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Human Augmentation Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

              Market Share Analysis

              The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Human Augmentation Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

              Recent Developments
              • Google and Qualcomm Partner to Make RISC-V Chip for Wearable Devices

                Qualcomm and Google partnered to leverage RISC-V technology to produce consumer wearables, challenging the dominance of proprietary technologies. This collaboration has the potential to offer Android users customized, power-efficient, and high-performance processors for their wearable devices.

                Vuzix Enters into a Partnership Agreement with Quanta Computer

                Vuzix Corporation and Quanta Computer formed a partnership agreement to manufacture next-generation smart glasses for the broader markets. This collaboration enables the production of innovative smart glasses solutions accessible to a wide range of interested market participants.

                Humane Officially Launches the AI Pin, its OpenAI-powered Wearable

                Humane Inc. launched its first device, the AI Pin. It consists of two parts - a square device and a magnetically attachable battery pack. The AI Pin is powered by a Snapdragon processor and can be controlled through voice commands, camera gestures, and a built-in projector.
              Strategy Analysis & Recommendation

              The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Human Augmentation Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

              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.

              Market Segmentation & Coverage

              This research report categorizes the Human Augmentation Market to forecast the revenues and analyze trends in each of the following sub-markets:
              • Type
                • Augmented Reality Device
                • Biometric System
                • Exoskeletons
                • Intelligent Virtual Assistants
                • Virtual Reality Device
                • Wearable Device
                • Functionality
                  • Body Worn
                  • Non-Body Worn
                  • End-use
                    • Aerospace & Defense
                    • Healthcare
                    • Manufacturing
                    • Media & Entertainment
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom


                              Please Note: PDF & Excel + Online Access - 1 Year

Table of Contents

180 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Growing awareness and acceptance of cognitive and physical enhancement applications
5.1.1.2. Rising need for human augmentation for medical wearable devices
5.1.1.3. Increasing demand from aerospace & defense for gesture-tracking purposes
5.1.2. Restraints
5.1.2.1. High cost of development of human augmentation technologies
5.1.3. Opportunities
5.1.3.1. Continuous introduction of technologically advanced human augmentation
5.1.3.2. Government support and private investments for advancing human augmentation technologies
5.1.4. Challenges
5.1.4.1. Risk of data and identity breach with the usage of human augmentation technologies
5.2. Market Segmentation Analysis
5.2.1. Type: Expanding usage of augmented reality devices to provide hands-free data access and navigation guidance
5.2.2. Functionality: Increasing usage of body-worn human augmentation to enhance mobility and endurance
5.2.3. End-user: Increasing application of human augmentation technologies in the manufacturing sector to improve worker productivity and efficiency
5.3. Market Trend Analysis
5.3.1. Increasing deployment of human augmentation products across military and defense of the Americas
5.3.2. Emphasis on R&D for development of breakthrough human augmentation technologies in the APAC region
5.3.3. Substantial investments to develop innovative human augmentation technologies and expanding applications in aerospace & defense sector in the EMEA region
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis
6. Human Augmentation Market, by Type
6.1. Introduction
6.2. Augmented Reality Device
6.3. Biometric System
6.4. Exoskeletons
6.5. Intelligent Virtual Assistants
6.6. Virtual Reality Device
6.7. Wearable Device
7. Human Augmentation Market, by Functionality
7.1. Introduction
7.2. Body Worn
7.3. Non-Body Worn
8. Human Augmentation Market, by End-use
8.1. Introduction
8.2. Aerospace & Defense
8.3. Healthcare
8.4. Manufacturing
8.5. Media & Entertainment
9. Americas Human Augmentation Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Human Augmentation Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Human Augmentation Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.3.1. Google and Qualcomm Partner to Make RISC-V Chip for Wearable Devices
12.3.2. Vuzix Enters into a Partnership Agreement with Quanta Computer
12.3.3. Humane Officially Launches the AI Pin, its OpenAI-powered Wearable
12.3.4. Enabling Human Connectivity: Phantom Neuro Merges Human Augmentation and IoT
12.3.5. XoMotion Created by SFU Researchers to be World’s most Advanced Exoskeleton for Mobility Challenged
12.3.6. DuPont Collaborates with STMicroelectronics (ST) to Develop New Smart Wearable Device Concept for Monitoring Biosignals
12.3.7. Wearable Company Oura Acquires Digital Identification Startup Proxy
12.3.8. EUR 2 Million Funding for Novel Human Augmentation Innovations to Enhance Human Capability in Defense
12.3.9. ARIA Research Receives USD 1.4 Million in Grant Funding to Build Human Augmentation Laboratory in Sydney
12.3.10. Ekso Bionics Announces Acquisition of Human Motion and Control Business Unit Including Indego Product Line from Parker Hannifin Corporation
12.3.11. KYOCERA Introduces New Human Augmentation Technology Prototypes in Japan with Advanced AI to Enhance Human Abilities
12.3.12. Dasa Launches New Innovation Focus Area: Human Augmentation (HA)
12.3.13. A Parisian Startup just Raised USD 45 Million to Build Human Exoskeletons
13. Competitive Portfolio
13.1. Key Company Profiles
13.2. Key Product Portfolio

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