"Smart Strategies, Giving Speed to your Growth Trajectory"
The global human augmentation market size was valued at USD 143.05 billion in 2022. The market is projected to grow from USD 169.07 billion in 2023 to USD 645.93 billion by 2030, exhibiting a CAGR of 21.1% during the forecast period.
Human augmentation, also known as Human 2.0, refers to the advanced technologies adopted to enhance and improvise human capabilities. It is majorly used to uplift human performance, health, and quality of life. Human augmentation is mainly trifurcated into three categories, replicating, supplementing, and exceeding human ability. The replicating category includes voice synthesizers for the silent, prosthetic limbs for disabled people, and hearing aids for deaf people. The supplementing includes devices that artificially increase our intelligence, increase human strength, or improve our eyesight beyond a usual boundary. And exceeding includes breathing underwater, the ability to fly, see UV/infrared light, and smell chemicals not in human senses.
The market is mainly driven by rising AR/VR device adoption and a growing customer count of exoskeleton technologies in the human augmentation industry. Exoskeletons increase output by lowering body stress, causing less fatigue and pain due to reduced load on joints and muscles. This increased comfort and reduced stress while working, enabling users to recover their health and reduce sickness. In various industries, diverse categories of wearable devices are used to reduce strain and fatigue.
COVID-19 Pandemic Forced Advanced Technologies to Stretch to their Limits
The COVID-19 pandemic urged pharmaceutical and healthcare institutions to rapidly pace and boost to develop and adopt the latest technologies such as Artificial Intelligence (AI), ML, AR, VR, smart wearables, exoskeleton devices, intelligent virtual assistants, and others. For instance, the Sheba Medical Center in Israel constructed a dedicated COVID-19 ICU center in an underground structure with one unit with a physical visual connection through the window between the control room and the contaminated zone. In contrast, another had only a virtual connection with digital technologies.
Supply chain systems and distribution channels were interrupted, which caused various manufacturing facilities to decline their productivity due to facilities being shut down for longer. However, it is estimated that the market will return to normality from the impact of the pandemic in the coming years. Moreover, with the growing demand for AR/VR devices, AI-enabled applications offering accessible gadgets that enhance the vital benefits of human augmentation technology are expected to drive market growth.
Request a Free sample to learn more about this report.
Rising Demand for AR/VR Technology and Wearable Devices to be the Trendsetters for the Market
Technologies, such as Augmented Reality (AR) and Virtual Reality (VR), have continued to develop in the past decade. However, their adoption in wearable devices is still developing, and in the coming years, it is expected to get linked with other devices as well. The adoption is rising rapidly as more and more industries and businesses recognize the potential benefits of these advanced technologies. AR/VR technologies have tremendous potential to revolutionize market growth in various aspects of human life and industry sectors such as healthcare, military, education, entertainment, and others.
The crucial factor for market development is consistent innovations, financial investments in R&D by key players, flawless connectivity, and advanced computing platforms. Further, development in sensor technologies and Artificial Intelligence (AI) helps humans to detect and manage chronic health issues and other severe illnesses on wearable devices.
Increased Adoption of Smart Wearable Devices is Likely to Drive the Human Augmentation Market
Smart wearable device innovation is developing quickly and is driven by advancements in sensors, semiconductors, and AI at present and in the coming years. Some industry market sizing data suggests almost 39% of the population owned smartwatches recently, of which 59% population use them for counting steps, 42% population uses them for workout purposes, 37% uses them for heart rate monitoring, 35% uses them for sleep tracking, 32% for calories burnt count, and 17% for tracking stress level. According to the PwC’s report, smart wearable technologies deliver better nutrition, improved access to medical data, exercise control, better patient involvement and individuals in the clinical decision phase, and more accurate diagnosis of disease or health problems.
Data Security Concerns and High Capital Expenditure May Hinder Market
Advanced technologies require a lot of vulnerable personal data, which concerns safety and security. There has been an increase in data breaches recently. Increasing cyberattacks and data phishing crimes may leak sensitive data, hampering the human augmentation market share to a certain extent. For instance,
Furthermore, the latest generation of cybercrime focuses on attacking human ICT implants connected to the central nervous system such as cochlear implants, cardiac pacemakers, RFID implants, bionic limbs, deep brain stimulation, and others. These cyberattacks on human ICT implants can seriously cause significant harm to the human body. Moreover, it involves various technologies with high capital expenditure required for research and development, innovation purposes, several investments and collaborations, product development, testing procedures, and others. This is one of the crucial reasons that may hamper the global human augmentation market growth.
Integration of Wearable Devices with Smartphones Enhances Usability and Convenience
Based on technology, the market is divided into wearable, virtual reality, augmented reality, exoskeleton, and intelligent virtual assistant. The population's significant adoption of wearable devices to monitor health and fitness criteria is one of the essential elements responsible for the overall market growth. Moreover, the leading smart wearable manufacturers and technology providers are focused on patenting their technologies, funding various start-ups, and participating in technology-based mergers and acquisitions. The following are the fastest-growing companies that have the most patents:
Moreover, in June 2022, Softheon, Inc., U.S. based SaaS provider, acquired NextHealth Technologies, an Al-powered, healthcare-based Software-as-a-Service (SaaS) analytics service provider. This platform is designed to ease the burden on healthcare professionals by allowing customers to track their daily health system. Hence, the continuously increasing demand for wearable augmentation creates a growth opportunity for the market.
The augmented reality segment held the second-most major market share in 2022. AR enhances the perception of reality by blending digital content with the physical world and opening up new possibilities to various applications.
To know how our report can help streamline your business, Speak to Analyst
Body Worn Human Augmentation Products Enhance Physical Abilities and Individual’s Performance
Based on device, the market is bifurcated into body worn and non-body worn. Body worn segment is anticipated to record a higher growth rate in the coming years. The consistent growth of immersive content for AR/VR devices from the entertainment and gaming industry results in overall market growth. Furthermore, the adoption of body-worn devices, such as smartwatches, fitness trackers, smart jewelry, head-mounted displays, smart clothing, AR/VR headsets, implantable, and others, is constantly growing.
Technological Advancements in Healthcare Drives Demand for Medical Applications Segment
Based on application, the market is segmented into medical, aerospace & defense, sports & utility, media & entertainment, education, and others. The medical segment dominates as the healthcare industry accelerates quickly due to technological advances, offering new opportunities to improve patient care. Human augmentation plays a vital role in the medical sector as it provides virtual health assistance, accurate cancer diagnosis, early diagnosis of fatal blood diseases, help in treating rare diseases, robot-assisted surgeries, managing medical records, reducing dosage errors, automated redundant healthcare tasks, fraud detection, automatic image diagnosis, developing new medicines, improvised healthcare access and others.
The aerospace & defense segment is expected to reflect the highest CAGR over the forecast period. The advancements in this segment are spontaneous, with improved efficiency, situational awareness, cost reduction, and enhanced defense capabilities.
North America Human Augmentation Market Size, 2022 (USD Billion)
To get more information on the regional analysis of this market, Request a Free sample
The global market is studied across North America, South America, Europe, Middle East & Africa, and Asia Pacific, and each region is further studied across countries.
North America is the most promising region, holding 43.7% of the global market share. The region holds the highest market share as North America is technologically advanced and is an early adopter of various technologies such as AR/VR, different wearable devices, intelligent virtual assistants, robotic exoskeletons, and others. Moreover, heavy investments in research & development activities and the adoption of technologies are expected to maintain the demand for human augmentation in the region. Amid the pandemic, human augmentation technologies have gained tremendous popularity due to their bright future and advantages over traditional technologies.
Europe is expected to show significant market growth during the forecast period due to increased usage of robots that have aided medical research and healthcare equipment innovation in developed countries, such as the U.K., Germany, France, and others, resulting in the surging adoption of human augmentation technologies.
Asia Pacific is expected to show a higher growth trajectory. Growing digitization and adopting advanced technologies, such as cloud deployment, Big Data, and artificial intelligence, will likely surge the demand across various industries such as healthcare & life sciences, media & entertainment, and aerospace & defense.
As the world is revolutionizing to Industry 4.0, governments and various businesses in the Middle East & Africa have started to realize the paradigm shift toward AI and human augmentation technologies. Hence, the MEA region is anticipated to accrue 18% of the CAGR as AI positively impacts society and the economy.
To know how our report can help streamline your business, Speak to Analyst
During the COVID-19 pandemic, South America faced significant changes in terms of market growth. The level of growth and the intensity of its technological component increased substantially. The region’s countries focus on the importance of studying the role of innovation, technology diffusion, and other research & development activities in terms of the economic growth of South American countries.
Market Players Engage in Partnerships and Mergers to Strengthen Market Standings
Key players in the market are engaging in various mergers and partnerships to develop and deliver the latest and most advanced solutions aligned with customers’ requirements and market needs. Moreover, a few focus on integrating their existing product portfolio with advanced technologies to deliver flexible solutions with unique features. Further, government initiatives empower SMEs to bring their business online, further fueling market growth.
An Infographic Representation of Human Augmentation Market
To get information on various segments, share your queries with us
The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product/service types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.
CAGR of 21.1% from 2023 to 2030
Value (USD Billion)
By Technology, Device, Application, and Region
The market is projected to reach USD 645.93 billion by 2030.
In 2022, the market was valued at USD 143.05 billion.
The market is projected to grow at a CAGR of 21.1% during the forecast period.
The wearable segment is expected to lead the market.
Smart wearable devices are getting smarter and are likely to drive the market.
Google LLC (Alphabet, Inc.), Magic Leap, Inc., CYBERDYNE, ReWalk Robotics, SAMSUNG, B-Temia, Panasonic Holdings Corporation, NVIDIA Corporation, Microsoft, Ekso Bionics, and Vuzix are the top players in the market.
North America is expected to hold the highest market share.
By application, the aerospace & defense segment is expected to reflect the highest CAGR over the forecast period.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry