The global human augmentation market is projected to grow at a modest CAGR of 20.1% during the forecast period. Growing demand for wearable human augmentation devices in the healthcare sector, the recent introduction of AI-powered wearable devices, and rapid technological advancements such as the availability of fast processing chipsets, miniaturization of sensors, use of brain-computer interfaces, and nanotechnology evolution are some of the major factors driving the market growth. Industry use of human augmentation technology such as exoskeletons, AR, and VR gadgets has increased as the necessity for high productivity and an increased emphasis on worker safety has grown. Exoskeletons are employed in a variety of industries, including shipbuilding, heavy machinery, and construction, since they may be modified for lifting huge objects, ensuring worker safety, and increasing production and worker efficiency. Similarly, technicians are increasingly using AR gadgets to boost productivity in their workplaces. Workers can utilize head-up displays and smart helmets to interpret designs and instructions since they provide real-time data.
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Regardless of its impact on the global economy, COVID-19 had no negative impact on the wearable device sector. Although certain market competitors reduced their output, demand for wearables remained steady. Many market companies began creating new and improved items in the second half of 2020 to fulfill rising demand and new needs. The rising necessity to track health issues as a result of the pandemic, as well as the growing use of such devices by health-conscious consumers, have fueled market growth.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Human Augmentation Market Report Segment
By Product Type
- Wearable Devices
- Virtual Reality Devices
- Augmented Reality Devices
- Exoskeletons
- Intelligent Virtual Assistants
By Application
- Consumer
- Commercial
- Medical
- Aerospace & Defense
- Industrial
- Others
Global Human Augmentation Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global human augmentation market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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