Human Augmentation Market Share, Industry Trends, Size, Revenue, Demand, Growth Analysis forecast by 2026

Market Analysis: Global Human Augmentation Market

Human augmentation market

Market Definition: Global Human Augmentation Market

Human augmentations are introduced to enhance human productivity as well as capability with improved health and quality of life. These technologies bring physical improvements in the integral part of the human body. This advanced technology is based on artificial intelligence used in advanced sensory devices and implants to make better use of it for human body. The devices or implants plays major role in human productivity such as limb devices and orthotics having augmentation improves muscle capability and enhances the motion.

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Market Drivers:

Increasing demand of human augmentation in wearable device and gadgets drives the market growth

Technological development in the sensors is augmenting the growth of market

Increasing R&D activity in the field of human augmentation is another factor boosting this market growth

Prevailing awareness about the therapeutic applications of medical wearable augmentation products also uplifts the market growth in the forecast period


Market Restraints:

Lack of skilled person in handling the process also impedes the market growth in the forecast period

Higher cost of the equipment is another factor hampering the market growth

Growing concern towards social, legal and ethical aspects will hinder the market growth


Segmentation: Global Human Augmentation Market

By Wearable Augmentation

Wrist-Wear

Wrist Wearable Watch

Wrist Wearable Band


Eye-Wear

Google Glass

Smart Contact Lenses, HMD, and Hud


Foot-Wear

Neck-Wear

Ornament, Precious Metals & Jewellery

Ties & Collars


Body-Wear

Clothing & Inner-Wear

ARM & Leg-Wear


Others (Smart Ring, Smart Socks, Smart Headsets)


By Application

Medical

HealthCare

Defence

Industrial

Others


By Geography

North America

US

Canada

Mexico


South America

Brazil

Argentina

Rest of South America


Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Rest of Europe


Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Malaysia

Indonesia

Thailand

Philippines

Rest of Asia-Pacific


Middle East and Africa

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East and Africa



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Key Developments in the Market:

In July 2019, Elon Musk, founder of Tesla launched new start up to build implants based on the artificial intelligence to technology for human augmentation. The human brains are intervening with computer through artificial intelligence. A flexible electrode thread is implanted into the human brain through neurosurgical robot. These threads will detect and record the electrical signals in the brain and transmitting this information outside the brain. This will create a BMI (Brain-machine interface system) which will help to understand the different forms of brain and spine-related disorders. Through this new start-up of Neuralink the company will enter into new market and will bring innovative product

In May, 2017, UNSILO, a software solution provider launched new product for business managers, content specialists, and content strategists. The first version of UNSILO Classify is based on the human augmentation technology which helps to classify content automatically. Through this new product the company is targeting the content owners and publishers’ market to increase the customer base by entering into new segment


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Competitive Analysis

Global human augmentation market

Major Market Competitors/Players

Few of the major competitors currently working in the global human augmentation market are UNSILO, SAMSUNG, ReWalk Robotics, Ekso Bionics, Second Sight, Raytheon Company., Magic Leap, Inc., VUZIX, B-Temia Inc., NEURALINK, TOYOTA MOTOR CORPORATION, Panasonic Corporation, PARKER HANNIFIN CORP, Rex Bionics Ltd, General Motors, Microsoft among others.

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