Human augmentation can be defined as the technology that boosts human productivity or capability through natural or artificial method. For example, it is being used in active control systems to create limb prosthetics with characteristics that can exceed the highest natural human performance.
The major factors driving the growth of the human augmentation market is the adoption of technologically advanced equipment in the healthcare industry, rising awareness about therapeutic applications in medical wearable products, safe and strong defense system. Additionally, technological advancements witnessed in sensor technologies is further boosting the growth of the global human augmentation market. However, high cost equipment and lack of skilled personnel may hinder the growth of the market.
By product segment of human augmentation market, the wearable augmentation is expected to have a higher market size as compared to the in-built augmentation owing to demand for wearable gadgets and large market size.
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Major Key Players:
- B-Temia Inc. (U.S.)
- BrainGate Company (U.S.)
- Ekso Bionics Holdings, Inc. (U.S.)
- Google Inc. (U.S.)
- Raytheon Company (U.S.)
- Samsung Electronics Co. Ltd (South Korea)
- Vuzix Corporation (U.S.)
The global Human Augmentation Market is expected to grow at a CAGR of approximately 44% during the forecast period 2017-2023.
Human Augmentation Market Segmentation:
The global human augmentation market is segmented by product and end-user. Based on the product segment, the market is segmented into two types, in-built augmentation and wearable augmentation. The wearable augmentation type has been further segmented into wrist-wear, eye-wear, foot-wear, neck- wear, body-wear, and others. And the end-user market is bifurcated into healthcare, IT & telecommunication, defense, industrial others.
Market Research Analysis:
North America is estimated to account for the largest share of the market, whereas Asia Pacific market is projected to grow at the fastest rate during the forecast period.
The North American market is witnessing rapid growth due to technological advancements and increasing demand for application performance management platforms across different industry verticals in this region. U.S. holds majority of the market share both in terms of revenue as well as adoption of advance solutions.
The global human augmentation market is segmented by product and end-user. Based on the product segment, the market is segmented into two types, in-built augmentation and wearable augmentation. The wearable augmentation type has been further segmented into wrist-wear, eye-wear, foot-wear, neck-wear, body-wear, and others. And the end-user market is bifurcated into healthcare, IT & telecommunication, defense, industrial others.
The global human augmentation market is studied for Asia Pacific, North America, Europe, and Rest of the World. It has been observed that North America region accounts for the largest share in the human augmentation market.
This is due to the developed economy and increasing demand for augmentation products in the region. In addition, technological advancements in medical wearable products have also boosted the growth of the market in North America. The U.S. represents the largest market for human augmentation in North America, followed by Canada. In Europe, Germany, France, and the U.K. account for major shares of the human augmentation market, whereas, the human augmentation market in Asia is also expected to witness high growth rates in the coming years.
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- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- IT Service Providers
- Original Equipment Manufacturers
- Healthcare Institution
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
List of Tables
Table 1 Global Human Augmentation Market: By Region, 2017-2023
Table 2 North America Human Augmentation Market: By Country, 2017-2023
List of Figures
Figure 1global Human Augmentation Market Segmentation
Figure 2 Forecast Methodology
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