Asia Pacific to Lead Growth of Human Augmentation Market by 2026
According to MarketsandMarkets, the Human Augmentation Market is expected to grow at a compound annual growth rate (CAGR) of 21.0% from USD 131.7 billion in 2021 to USD 341.2 billion by 2026. The increasing adoption of wearable devices, virtual reality devices, augmented reality devices, exoskeletons, and intelligent virtual assistants in various applications such as medical, military, and industrial, among others, is driving market growth. The report also considers the market impact of the COVID-19 pandemic and provides an analysis of market trends, drivers, and challenges. Overall, the report indicates that the human augmentation market will grow significantly over the next five years.
Several factors are driving the global human augmentation market's rapid growth. The growing demand for wearable human augmentation devices in the healthcare sector is one of the key drivers. These devices are used to improve patient outcomes, track chronic conditions, and monitor patients remotely. Another significant factor is the recent introduction of AI-powered wearable devices capable of collecting and analysing massive amounts of data to provide personalised health insights. Technological advancements such as the availability of fast processing chipsets, sensor miniaturisation, the use of brain-computer interfaces, and the evolution of nanotechnology are also helping to drive market growth. These advancements enable the creation of more sophisticated and effective human augmentation devices, which are finding use in a variety of industries, including healthcare, military, and industrial. Overall, these factors are propelling the global human augmentation market, which is expected to expand rapidly in the coming years.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177215310
The report profiles key players such as 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).
Wearable devices to account for the largest share of the human augmentation market during the forecast period
Wearable devices are expected to have the largest share of the human augmentation market during the forecast period, according to market research. The increasing use of wearable devices to monitor health and fitness parameters is attributed to this growth. The availability of miniaturised multifunctional ICs and advanced sensor technologies has enabled the development of low-cost wearable devices for a variety of consumer applications. Wearable devices can incorporate various types of compact sensors, such as those for monitoring vital signs, activity levels, and sleep patterns, and can be integrated into a wide range of clothing and accessories, including wristbands, watches, and glasses. Wearable devices are expected to remain an important part of the human augmentation market as advanced sensor technologies advance, with increasing applications in healthcare, sports, and entertainment, among others.
Non-body-worn human augmentation products to register the highest growth during the period from 2021 to 2026
According to market research, non-body-worn human augmentation products such as intelligent virtual assistants, virtual reality projectors and display walls, and AR and VR software are expected to grow the most between 2021 and 2026. The growing demand for immersive content for AR and VR devices for gaming and entertainment applications is a major factor driving AR and VR software market growth. This expansion is expected to drive the market for non-body-worn products. Intelligent virtual assistants that provide personalised assistance in a variety of fields are also expected to aid in the growth of non-body-worn human augmentation products. These products are increasingly being used in a variety of industries, including healthcare, military, and industrial. Overall, the combination of these factors is propelling the non-body-worn human augmentation market, which is expected to expand rapidly in the coming years.
Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/human-augmentation-market-177215310.html
Asia Pacific to register the highest growth in the human augmentation market during the forecast period
According to market research, the Asia Pacific region is expected to have the highest growth in the human augmentation market during the forecast period. Human augmentation technologies will benefit greatly from the presence of technologically advanced manufacturing industries in countries such as Japan and China. Furthermore, the region has a large mobile user base and a large population, both of which are major factors driving market growth. The rising demand for smart devices, rising disposable income, and the easy availability of cheap labour are also key factors driving the accelerated growth of the human augmentation market in many developing countries in the region, including India. The Asia Pacific region is expected to continue its rapid growth in the human augmentation market due to the increasing adoption of advanced technologies in various industries.
News Covered:
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com
Comments
Post a Comment