At a CAGR of 21.0% from 2021 to 2026, the Human Augmentation Market is predicted to grow from USD 131.7 billion in 2021 to USD 341.2 billion in 2026.
The market for wearable human augmentation devices is expanding quickly due to a number of factors, including the healthcare industry's increasing demand for such devices, the recent introduction of wearable AI devices, and quick technological developments like the availability of fast processing chipsets, the miniaturisation of sensors, the use of brain-computer interfaces, and the development of nanotechnology.
Over the projection period, wearable technology will dominate the market for human augmentation.
The Human Augmentation Market is expected to be dominated by wearable technology during the forecast period. The increasing usage of wearable technology to track fitness and health metrics is one of the main drivers of market expansion. The development of affordable wearable gadgets for diverse consumer applications has been helped by the availability of tiny multifunctional ICs and cutting-edge sensor technologies. For continuous health monitoring, several tiny sensor types can be included into wearable gadgets like clothing, hats, bracelets, socks, shoes, glasses, and wristwatches.
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In the years 2021 to 2026, non-body-worn human augmentation products are expected to expand at the fastest rate.
The largest increase throughout the projected period is anticipated for non-body-worn human enhancement items such intelligent virtual assistants, VR projectors and display walls, and AR and VR software. It is anticipated that the market for non-body-worn goods would expand as a result of the rising demand for immersive content for AR and VR devices used in gaming and entertainment applications.
During the anticipated time, Asia Pacific will experience the market for human augmentation with the largest growth.
Compared to the other regions, the Asia Pacific market is anticipated to grow more rapidly. Human augmentation technologies have a lot of room to grow because nations like China and Japan have technologically sophisticated manufacturing sectors. The main drivers of the market growth in Asia Pacific are the enormous population and the region's large mobile user base. In several emerging nations in this region, including India, the market for human augmentation is expanding quickly because to the surge in demand for smart devices, rising disposable income, and the accessibility of cheap labour.
Key Players
Samsung Electronics Co., Ltd. (South Korea), Google LLC (US), Ekso Bionics (US), Vuzix Corporation (US), Garmin Ltd. (US), Fossil Group, Inc. (US), B-Temia Inc. (Canada), Casio (Japan), Magic Leap (US), ReWalk Robotics (US), and CYBERDYNE INC. (Japan) are just a few of the prominent companies profiled in the report.
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