Human Augmentation Market Size, Share, Growth Analysis and Forecast 2026


A new study entitled "Human Augmentation Market with COVID-19 Impact Analysis by Product Type (Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Exoskeletons, Intelligent Virtual Assistants), Functionality, Application, & Geography - Global Forecast to 2026" was released by MarketsandMarketsTM. It predicts that the market for human augmentation will grow from USD 131.7 billion in 2021 to USD 341.2 billion by 2026 at a CAGR of 21.0%.

The healthcare industry's growing need for wearable human enhancement devices, the recent introduction of wearable AI devices, and rapid technological advancements such as the availability of fast processing chipsets, the miniaturisation of sensors, the use of brain-computer interfaces, and the development of nanotechnology are some of the factors that are responsible for the market's explosive growth.

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During the forecasted time, wearable technology will dominate the market for human augmentation.

The market for human enhancement is anticipated to be dominated by wearable technology over 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. 

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.

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During the anticipated time, Asia Pacific will see the market for human augmentation to experience 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 at an accelerated rate due to the soaring demand for smart devices, rising disposable income, and the easy accessibility of cheap labour.

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.

News Covered:

https://www.prnewswire.com/news-releases/human-augmentation-market-worth-341-2-billion-by-2026--exclusive-report-by-marketsandmarkets-301457059.html 

About MarketsandMarkets™ 

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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

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