Human Augmentation Market Size, Share, Industry Analysis, Trends, Growth, 2032

Human Augmentation Industry Prospective:

The global human augmentation market size was evaluated at $170 billion in 2023 and is slated to hit $202 billion by the end of 2032 with a CAGR of nearly 21% between 2024 and 2032.

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Human Augmentation Market: Overview

Human augmentation is a terminology for technologies that assist in enhancing the capabilities of human beings. These technologies help in improving human health as well as quality of life. The most popular examples of human augmentation include robotic limbs and cochlear implants. It is a popular technology that can change the manner in which individuals can communicate with each other in real time.    

Key Insights

• As per the analysis shared by our research analyst, the global human augmentation market is projected to expand annually at the annual growth rate of around 21% over the forecast timespan (2024-2032) 
• In terms of revenue, the global human augmentation market size was evaluated at nearly $170 billion in 2023 and is expected to reach $202 billion by 2032. 
• The global human augmentation market is anticipated to grow rapidly over the forecast timeline owing to the humungous use of human augmentation in defense, power & utility, and healthcare sectors. 
• In terms of type, the wearable device segment is slated to register the highest CAGR over the forecast period. 
• Based on application, the healthcare segment is predicted to contribute majorly towards the global industry size in the upcoming years. 
• Region-wise, the European human augmentation industry is projected to register the fastest CAGR during the forecast timespan.

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Human Augmentation Market: Growth Factors

Huge application of human augmentation systems in a spectrum of end-use sectors to boost the global market expansion

Humungous use of human augmentation in defense, power & utility, and healthcare sectors will boost the growth of the human augmentation market globally. Escalating demand for wearable equipment in fitness activities has led to lucrative demand for human augmentation systems, thereby propping the growth of the market expansion across the globe. Rapid use of augmented reality & virtual reality devices along with escalating acceptance of exoskeleton technologies in various industries will prompt the global market surge. For the record, exoskeletons help workers in reducing the risk of occurrence of musculoskeletal disorders along with helping the construction and manufacturing sectors flourish. In addition to this, a growing integration of artificial intelligence tools with human augmentation systems is likely to pave the way for massive expansion of the market globally.  

Human Augmentation Market: Restraints

An increase in data violations can impact the demand for human augmentation systems globally

A surge in data breaches along with an increase in the requirement of huge capital investments can obstruct the growth of the global human augmentation industry in the years ahead. Additionally, a rise in the risk of cyber–attacks on RFID implants, deep brain simulations, and cardiac pacemakers can further restrict the expansion of the global industry.

Human Augmentation Market: Opportunities

Rising use of smart wearable devices to open new growth avenues for the global market

Breakthroughs in mobile systems, big data analytics, and networking have offered firms new channels of communications & real-time internet connectivity, thereby opening new vistas of growth for the global human augmentation market. The surging popularity of smart wearable equipment is likely to prop up the scope of the global market expansion by 2032.

Human Augmentation Market: Challenges

The necessity of consistent updating of new systems can challenge the expansion of the global industry by 2032

The need for constant up-gradations of new technologies with breakthroughs in AR, VR, IoT, and AI has produced new challenges for the global human augmentation industry surge. Shipping delays and raw material scarcity can further challenge the growth of the industry across the globe.  

Human Augmentation Market: Segmentation

The global human augmentation market is divided into technology, application, and region.                                           

In technology terms, the human augmentation market across the globe is bifurcated into augmented reality, intelligent virtual assistants, wearable devices, exoskeletons, and virtual reality segments. Additionally, the wearable device segment, which gathered nearly 72% of the global market earnings in 2023, is likely to record the fastest CAGR in the next eight years. The expansion of the segment can be credited to the large-scale use of wearable equipment in monitoring the health & fitness of individuals. Furthermore, key smart wearable equipment producers are trying to develop new products with additional user-friendly features, thereby augmenting segmental growth.  

Based on the application, the global human augmentation industry is divided into media & entertainment, healthcare, sports & utility, education, and aerospace & defense segments. Moreover, the healthcare segment, which gathered approximately 73% of the global industry share in 2023, is expected to make lucrative contributions towards the global industry earnings in the coming eight years. The segmental growth in the ensuing years can be attributed to technological breakthroughs along with the human augmentation systems playing a pivotal role in the healthcare sector with the former providing apt cancer diagnosis and virtual health assistance.    

Human Augmentation Market: Report Scope

Human Augmentation Market: Regional Insights

North America is expected to maintain its leadership status in the global market in the next couple of years

North America, which contributed approximately 55.5% of the global human augmentation market earnings in 2023, is expected to maintain dominance across the globe in the years to come. In addition to this, the regional market surge in the coming eight years can be subject to the use of AR & VR, intelligent virtual assistants, and wearable equipment in a slew of end-use sectors in countries such as Canada and the U.S. Moreover, a large-scale allocation of funds to research activities along with acceptance of new technologies will prop up the expansion of the market in the region.     

The European human augmentation industry is projected to record the fastest growth rate yearly in the analysis timespan. The swift progression of the industry in the continent can be attributed to a surge in the use of robots in healthcare research in countries such as France, the UK, and Germany. Apart from this, the presence of key players in the continent will embellish the growth of the industry in Europe.      

Key Developments

• In the first half of 2023, Vuzix Corporation, a key player in the AR & smart glass technology sector, joined hands with TeamOpenSmartGlasses to develop ChatGPT AI apps for their smart glasses. Such strategic moves will drive the growth of the human augmentation industry across the globe.  
• In the first 2023, ReWalk Robotics Limited, a healthcare technology service provider, declared that it received approval for its Exoskeleton technology from the U.S. FDA.

Human Augmentation Market: Competitive Space

The global human augmentation market profiles key players such as:

• Garmin Limited
• Samsung Electronics Co. Ltd.
• Cyberdyne Inc.
• Magic Leap
• Ekso Bionics Holdings Inc.
• Raytheon Company
• Casio Computer Co. Ltd.
• Google LLC
• Fossil Group Inc.
• Vuzix Corporation.

The global human augmentation market is segmented as follows:

By Technology

• Augmented Reality
• Intelligent Virtual Assistant
• Wearable Device
• Exoskeleton
• Virtual Reality

By Application

• Media & Entertainment
• Healthcare
• Sports & Utility
• Education
• Aerospace & Defense

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa