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Introduction to Human Augmentation Market Growth In the upcoming years, the global market for human augmentation is set to witness significant expansion. This growth is propelled by various factors that play a crucial role in shaping the industry landscape. Notable drivers include continuous advancements in modifying the human body, the widespread adoption of exoskeletons in military applications, and a growing market for wearable augmentation products.
However, alongside these positive developments, the industry faces certain challenges, including social and ethical issues associated with non-medical augmentation practices, as well as the considerable costs involved in medical implants and a shortage of skilled professionals. Advancements in Human Body Modification One of the primary factors fueling the growth of the global human augmentation market is the continuous progress in the field of human body modification. This involves the development and implementation of technologies and techniques aimed at enhancing various aspects of human capabilities.
From improving sensory perceptions to augmenting physical strength, these advancements contribute to a wide range of applications. As technology continues to evolve, so does the potential for further breakthroughs in human augmentation, driving the market forward. Increasing Use of Exoskeletons in Military Applications The utilization of exoskeletons in military applications represents another significant driver for the growth of the human augmentation market. Exoskeletons are wearable robotic devices designed to enhance the physical capabilities of individuals. In military settings, these devices play a crucial role in augmenting soldiers' strength, endurance, and overall performance. As the demand for advanced military technologies continues to rise, the adoption of exoskeletons is expected to increase, driving market growth in the human augmentation sector. Rising Demand for Wearable Augmentation Products The market is also witnessing a surge in demand for wearable augmentation products.
These products encompass a variety of devices that individuals can wear to enhance their cognitive or physical abilities. From smart glasses that provide augmented reality experiences to fitness trackers that monitor and optimize physical performance, wearable augmentation products have gained popularity in various sectors. The increasing awareness and acceptance of such devices contribute to the overall growth of the human augmentation market. Challenges in the Human Augmentation Landscape While the human augmentation market is poised for growth, it is not without its challenges. One prominent concern revolves around the social and ethical implications of non-medical augmentation. As technologies advance, the prospect of enhancing human capabilities for non-medical purposes raises ethical questions and societal debates. Striking a balance between technological progress and ethical considerations becomes crucial in navigating this aspect of the human augmentation landscape.
High Costs of Medical Implants Another obstacle hindering the seamless growth of the human augmentation market is the high cost associated with medical implants. Medical augmentation often involves the integration of advanced implants to enhance or replace biological functions. However, the expenses related to research, development, and production of these implants can be substantial. As a result, the accessibility of such medical augmentation procedures becomes limited, posing a challenge to the widespread adoption of these technologies. Shortage of Skilled Professionals In addition to cost-related challenges, the human augmentation market faces a shortage of skilled professionals.
The development and implementation of augmentation technologies require a workforce with specialized knowledge and expertise. The shortage of professionals proficient in this field hinders the pace at which innovations can be brought to market. Addressing this shortage becomes imperative to ensure the sustained growth and advancement of the human augmentation industry.
Covered Aspects:
| Report Attribute/Metric | Details |
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| Segment Outlook | Product, End-user, and Region |
Human Augmentation Market Highlights:
Human Augmentation Market Overview
Human Augmentation Market Size was valued at USD 117.23 billion in 2022. The human augmentation market industry is projected to grow from USD 21.52 billion in 2023 to USD 1108.7 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 21.7% during the forecast period (2023 - 2032). The increasing adoption of wearable devices in the fitness sector and the growing demand for human augmentation technologies are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Industry News for Human Augmentation Market
- Nov. 03, 2022, Kyocera Corporation announced the development of three new solution prototypes for human augmentation in Japan, including a walk sensing & coaching system, a physical avatar, and an auditory augmentation device. All three solutions are with advanced AI to enhance human abilities and are designed to enhance human perception, cognition, and motor skills, as well as improve human presence and interaction. Kyocera's technology is expected to benefit the healthcare, medical, entertainment, and manufacturing sectors.
- On Jan. 25, 2023, NTT DOCOMO, INC. and the Embodied Media Project announced the development of a technology called FEEL TECHTM that utilizes a human-augmentation platform for sharing haptic information between people.
- The FEEL TECH system comprises a device that detects a person's sensory state, a driving device that physically reproduces the same state in another person, and a human-augmentation platform that shares the information between devices connected to a network. The solution enables haptic information to be shared between people via a human-augmentation platform that DOCOMO unveiled in January 2022.
Human Augmentation Market Trends
Increasing Demand for Wearable Augmentation Devices in Healthcare is driving the market growth
Market CAGR for human augmentation is being driven by the rising adoption of human augmentation technologies. A number of individuals have been helped by human augmentation to overcome physical stress and regain their physical or psychological abilities. Technological advancements have facilitated cognitive and physical improvements in human health and quality of life in neuroscience, engineering, biotechnology, and computing. Consequently, the healthcare sector is rapidly progressing due to human anticipation of advanced technologies. The market has numerous growth opportunities due to major market players' product launches and other innovations. Samsung Electronics Co., Ltd. (South Korea) will introduce Galaxy Watch 4 Classic and Galaxy Watch 4 in 2021, equipped with Samsung BioActive Sensors, which allow real-time measurements of body composition metrics like hydration and fat percentage.
In the aerospace and defense industries, human augmentation technologies such as eye tracking and gesture control in-flight entertainment and connectivity systems (IFECs). With gesture technology, passengers can interact naturally with their in-flight entertainment, increasing the importance of human augmentation. Research and development have led to the development of human augmentation technologies that can be utilized for operating patients. Thus, this led to a rise in the market.
In the human augmentation market, one of the major trends in the development of new and advanced technologies that can be used to increase the functions of the human body without surgery or implants. Additionally, exoskeletons are used in gait training and rehabilitation to help the elderly and individuals with joint/limb disabilities. To examine the midsection of the gastrointestinal tract visually, a capsule camera has been developed, commonly known as a swallowing device. Hence, patients can monitor their health at home while performing their normal daily routines with the help of this device, which reduces the likelihood of unnecessary hospitalization. As the demand for human augmentation increases, major companies are researching and developing better augmentation technologies, procedures, systems, and devices. Near-infrared spectroscopy, for example, is an improved diagnostic tool for brain imaging and mapping, and it has gained immense popularity due to its cost-effectiveness, sophistication, and durability.
For instance, the development of exoskeletons increases body endurance and strength and improves the brain's function, such as neural interfaces between the brain and computer. In light of this, the market growth rate for human augmentation is expected to be driven by the development of new technologies. Thus, driving the human augmentation market revenue.
Human Augmentation Market Segment Insights
Human Augmentation Product Insights
The human augmentation market segmentation, based on product, includes wearable and in-built. The wearable segment dominated the market, accounting for 35% of market revenue. As wearable devices become more popular for monitoring health and fitness parameters, the market is expected to grow rapidly. As a result of the development of miniaturized multifunctional ICs and advanced sensor technologies, wearable devices are becoming more cost-effective for a wide range of consumer applications. Various consumer applications are becoming more cost-effective due to miniaturized multifunctional ICs and advanced sensor technologies.
Human Augmentation Distribution End-User Insights
The human augmentation market segmentation, based on end-user, includes IT, healthcare, manufacturing, and defense. The healthcare category generated the most income (67.6%). People have benefited from such human augmentations by overcoming physical stress or psychological limitations. Advances in neuroscience, engineering, biotechnology, and computing have improved human health and quality of life. Consequently, the healthcare industry is experiencing rapid changes due to technological advances. It is becoming more common for sophisticated and disruptive technology to be adopted in the health and fitness industries.
Figure 1: Human Augmentation Market, by End-User, 2022 & 2030 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Human Augmentation Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American human augmentation market will dominate this market, owing to advancements in gene editing technology and artificial intelligence technologies. In addition, Numerous important businesses contribute to the size of the market for human augmentation technology in the region. Number of significant companies, including BrainGate Company, B-Temia Inc., and Ekso Bionics Holdings, Inc influence the size of the human augmentation technology market. The United States is projected to grow rapidly in the human augmentation technology market in the coming years.
Further, the major countries studied in the human augmentation market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: HUMAN AUGMENTATION MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's human augmentation market accounts for the second-largest market share due to technological advancements, and the rise in demand for performance measurement platforms in many business verticals supports the development of the human augmentation market. Further, the German human augmentation market held the largest market share, and the UK human augmentation market was the fastest-growing market in the European region
The Asia-Pacific human augmentation market is expected to grow at the fastest CAGR from 2023 to 2030. This region has a better understanding of the therapeutic applications of medical wearable augmentation products and a greater number of innovative applications. As developing nations' economies and populations grow, the human augmentation industry in Asia is expected to grow. Moreover, China’s human augmentation market held the largest market share, and the Indian human augmentation market was the fastest-growing market in the Asia-Pacific region.
Growing investment in Research and Development (R&D) and awareness and development of exoskeleton technology. In late 2020, China announced that People's Liberation Army (PLA) border defense troops would use a new powered exoskeleton suit in supply delivery, patrol, and sentry duties. The suit is powered and can be used to carry ammunition as well.
Human Augmentation Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the human augmentation market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the human augmentation industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the human augmentation industry to benefit clients and increase the market sector. In recent years, the human augmentation industry has offered some of the most significant advantages to healthcare. Major players in the human augmentation market BrainGate Company, B-Temia, Ekso Bionics Holdings, Raytheon Company, Samsung Electronics Co Ltd, Cyberdyne, Bionik Laboratories Corporation, Panasonic Corporation, Toyota Motor Corporation, and Parker Hannifin.
Ekso Bionics Holdings Inc develops exoskeleton solutions that enhance endurance, strength, and mobility. Technology generated by the company can help paralyzed individuals stand up and walk, enhance human capabilities on job sites around the globe, or advance R&D projects intended to benefit U.S. defense capabilities. In August 2020, Ekso Bionics (US) introduced EVO, an upper-body exoskeleton that boosts endurance and eases repetitive work. This exoskeleton provides high protection based on the company's advanced EksoVest technology.
Samsung Electronics Co., Ltd. manufactures a variety of consumer and industrial electronic devices, such as semiconductors, personal computers, peripherals, monitors, televisions, and other appliances, such as microwaves and air conditioners. In addition to Internet access network systems, the company manufactures mobile phones and telecommunications equipment. In August 2021, Galaxy Watch4 and 4 Classic in the Galaxy Watch series were released by Samsung Electronics Co., Ltd. (South Korea). This product line includes the Samsung BioActive Sensor, which measures several body composition parameters in real-time, including fat percentage and water content.
Key Companies in the Human Augmentation Market Include
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BrainGate Company
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B-Temia
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Raytheon Company
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Cyberdyne
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Bionik Laboratories Corporation
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Panasonic Corporation
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Toyota Motor Corporation
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Parker Hannifin
Human Augmentation Industry Developments
November 2022: KYOCERA has announced the creation of three new human augmentation solution prototypes in Japan: a walk-sensing and coaching system, a physical avatar, and an auditory augmentation device. Based on the idea Mai developed by Kyocera's Future Design Laboratory, all three solutions have been developed. Advanced artificial intelligence (AI) and other technologies are used in human augmentation to enhance and augment human capacities, enabling new experiences and capabilities.
June 2022: DASA has begun an effort to investigate Generation-After-Next human enhancement technologies for use in security and defense. DASA is happy to announce the establishment of the Human Augmentation (HA) innovation focus area (IFA). It seeks an IFA proposal that introduces GAN technologies to address security and defense issues in the UK when human performance is the bottleneck for providing meaningful operational impact.
Human Augmentation Market Segmentation
Human Augmentation Product Outlook
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Wearable
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In-Built
Human Augmentation End-user Outlook
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IT
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Healthcare
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Manufacturing
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Defense
Human Augmentation Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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