COVID Update: Human Augmentation Market is projected to reach a value of over USD 376.3 Billion by 2027 at a CAGR of around 24%.
Human Augmentation Market: Summary
The Global Human Augmentation Market is projected to reach a value of over USD 376.3 Billion by 2027 at a CAGR of around 24%.
Human augmentation is referring to a technology which helps to enhance the physical improvements in the integral parts of human body, it is also called as Human 2.0 and Human Performance Enhancement (HPE). It is used to increase human efficiency as well as through artificial method. Whereas, it is latest advanced technology which aims to augments the physical and mental ability of the human body with the benefit of natural technology and artificial scientific.
Hence, the human augmentation will lead to create a major advancement in the healthcare as well as in military, which will enhance the growth of human argumentation market in the forecast period.
Human Augmentation Market: Drivers & Challenges
- Increasing Demand of Augmented Technologies
With the increasing demand of augmented technologies is witness to boost the growth of the human augmentation market. Whereas, it helps in augmented intelligence to perform various tasks without replacing the human as well as improve the wearable augmentation products. Also, it used to boost the healthcare sector, advance human genetic engineering, 3D bio-printing, Internet of things (IoT), Smart devices, and neurotechnology which create a positive impact to the growth of market.
Hence, the augmented reality also enhances with the latest innovation in mobile technology and big data analytics to advance the information rich communication channel for the business growth. Moreover, it helps to advance speed and reduce the time for the products which will lead to fuel the growth of the market in the projected period.
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- Lack of Security
One of the major key concern of the human augmentation market is the lack of security as well as shortage of skilled professional which may hamper the market growth. Whereas, there is a shortage of cyber security professional which has create many complication of the market growth. Also, with the growth advancement in new technologies and frequently changing in the services and solution of the market, lead to create a gap between the skill set required for the modern technologies work. Hence, social and ethical issues as well as the high cost for the implantation medical, and lack of skilled workers are some of the factors challenging market growth in the projected period.
Human Augmentation Market: Key Segments
- Segmentation based on Device: Body Worn and Non-Body Worn.
- Segmentation based on Technology: Augmented Reality, Augmented Intelligence, Exoskeleton, Wearable, Virtual Reality and Intelligent Virtual Assistants.
- Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.
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Human Augmentation Market: Report Scope
The report on the Human Augmentation Market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2020Forecasted Period2021–2027 (2021 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million)Segments IncludedDevice, Technology, and RegionRegional CoverageNorth America, Asia-Pacific, Europe, Middle East & Africa, South America
Key Companies Covered
- Vuzix Corporation. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Google Inc.
- Garmin Ltd.
- FOSSIL GROUP, INC
- B-Temia Inc
- CASIO COMPUTER CO., LTD.
- Magic Leap, Inc.
- ReWalk Robotics
- Polar Electro
- Other Key Companies
- ATOUN Inc.
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Human Augmentation Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Human Augmentation Market, by Device
- Body Worn
- Non-Body Worn
Human Augmentation Market, by Technology
- Augmented Reality
- Augmented Intelligence
- Virtual Reality
- Intelligent Virtual Assistants
Human Augmentation Market, by Region
- North America
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
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Table of Content
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL HUMAN AUGMENTATION MARKET BY DEVICE, Market Size in USD Million (2019–2027)
7 GLOBAL HUMAN AUGMENTATION MARKET BY TECHNOLOGY, Market Size in USD Million (2019–2027)
8 GLOBAL HUMAN AUGMENTATION MARKET BY REGION, Market Size in USD Million (2019–2027)
9 Competitive Landscape
10 Company Profiles
About Forencis Research
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