Global “Human Augmentation Market” Research Report 20192023 is a historical overview and in-depth study on the current and future market of the Human Augmentation industry. The report represents a basic overview of the market status, competitor segment with a basic introduction of key vendors, top regions, product types and end industries. This report gives a historical overview of the market trends, growth, revenue, capacity, cost structure, and key drivers analysis.
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The global human augmentation market has been witnessing a huge growth over the last few years. Human augmentation is a term generally used to refer to technologies that enhance human capability and increase work productivity of the human body.
The factors responsible for the growth of the global human augmentation market are, advancement in human body modification, growing awareness regarding the benefits of exoskeletons in military and defense sector, and increasing demand for wearable devices for augmentation. However, social and ethical issues pertaining non-medical augmentation, the high cost of medical implants, and lack of skilled professionals are hampering the growth of the market and is expected to impact the human augmentation market on a global scale.
The market has been divided into various segments based on product, end users, and region. On the basis of product, the market is sub-segmented into wearable augmentation and inbuilt augmentation. By end-user, the market is sub-segmented into healthcare, defense, manufacturing, IT, and others. By region, the market is sub-segmented into North America, Asia-Pacific, Europe, and the rest of the world.
Based on the product, the segment wearable augmentation led the market by generating the highest revenue of USD 576.46 million in 2017 and is expected to grow with 30.10% CAGR in the forecast period. Whereas, in-built augmentation is expected to be the leading market segment in the future, growing at 28.78% CAGR. The major components of in-built augmentation includes brain-computer interface (BCI), neurotechnology, and gene editing technology. In the end-user segment, healthcare is expected to witness high market growth in the coming years at a CAGR of 30.54%, which is estimated to generate a market value of USD 2.37 billion by 2023. The defense segment is following and is projected to grow at 28.92% CAGR. Defense industry is expected to register high growth in the coming years due to investment by government authorities to support the development of advanced exoskeletons and prosthetic arms.
The global human augmentation market is expected to reach approximately USD 2.84 billion by 2023, growing at a CAGR of 30.07% between 2017 and 2023.
Key Players
The key players of human augmentation market include B-Temia, Inc., BrainGate Company, Ekso Bionics Holdings, Inc., Cyber dyne, Inc., Raytheon Company, Samsung Electronics Co Ltd, Bionik Laboratories Corp., Toyota Motor Corporation, Panasonic Corporation, and Parker Hannifin among others.
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Global Human Augmentation Market Analysis and Forecast, from 2017 to 2023
Target Audience
Key Findings
The global human augmentation market is expected to reach USD 2.84 billion by 2023
By product, wearable augmentation is leading the market by generating the highest revenue of USD 576.46 million in 2017 and is expected to grow at 30.10% CAGR. Whereas, in-built augmentation is expected to be the leading market in the future, growing with 28.78% CAGR
By end-user, healthcare sector is expected to witness a high market growth in coming years. It is expected to grow with the highest CAGR of 30.54% and estimated to generate high market value of USD 2.37 billion by 2023
Geographically, North America region has been projected to hold the largest market share in the global human augmented market followed by Asia Pacific.
Regional and Country Analysis of Human Augmentation Market Estimation and Forecast
Geographically, North America is dominating the human augmentation market due to high investment by government in research and development to make advancement in human augmentation technology. The US is a prominent market with high technical expertise and tremendous investment in “Gene editing technology” which is expected to boost the market for human augmentation. Asia-Pacific is the fastest growing region, accounting for a 23% share of the overall market where major contribution is witnessed from countries like China and South Korea, providing a robotic solutions and electronic components globally.
The report on the global human augmentation market also covers the following country-level analysis:
North America
Europe
Asia-Pacific
Rest of the World
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Table of Contents:
1 Executive Summary2 Scope of the Report2.1 Market Definition2.2 Scope of the Study2.2.1 Research Objectives2.2.2 Assumptions2.2.3 Limitations2.3 Market Structure3 Research Methodology3.1 Research Process3.2 Primary Research3.3 Secondary Research3.4 Market Size Estimation3.5 Forecast Model4 Market Dynamics4.1 Introduction4.2 Drivers4.2.1 Drivers Advancement in Human Body Modifications4.2.2 Growing Usage of exoskeletons in military applications4.2.3 Increased human and machinery safety4.3 Challenges4.3.1 Social and Ethical issues pertaining non-medical augmentation4.3.2 High cost of medical implants and lack of skilled professionals4.4 Market Trends4.4.1 Growth Trends4.4.1.1 Exoskeletons4.4.1.2 Real Time Language Translation4.4.1.3 Augmented Vision5 Market Factor Analysis5.1 Porter’s Five Force Analysis5.1.1 Threat of New Entrants5.1.2 Threat of Rivalry5.1.3 Threat of Substitute5.1.4 Bargaining Power of Supplier5.1.5 Bargaining Power of Buyer6 Global Human Augmentation Market, By Product6.1 Introduction6.1.1 Wearable Augmentation6.1.2 In-Built Augmentation7 Global Human Augmentation Market: By End-User7.1 Introduction7.1.1 Healthcare7.1.2 Defense7.1.3 Manufacturing7.1.4 IT7.1.5 Others8 Global Human Augmentation Market, By Region8.1 Introduction8.2 North America8.2.1 U.S.8.2.2 Canada8.2.3 Mexico8.3 Europe8.3.1 The U.K8.3.2 Germany8.3.3 France8.3.4 Spain8.3.5 Italy8.3.6 Rest of Europe8.4 Asia Pacific 528.4.1 China8.4.2 Japan8.4.3 India8.4.4 Rest of Asia Pacific8.5 Rest of the World9 Company Profiles9.1 Market EvolutionGlobal Human Augmentation Market: Competitive Scenario9.2 B-Temia, Inc.9.2.1 Company Overview9.2.2 Financials9.2.3 Products9.2.4 Strategy9.2.5 Key Developments9.3 BrainGate Company9.3.1 Company Overview9.3.2 Financials9.3.3 Products9.3.4 Strategy9.3.5 Key Developments9.4 Ekso Bionics Holdings, Inc9.4.1 Company Overview9.4.2 Financials9.4.3 Products9.4.4 Strategy9.4.5 Key Developments9.5 Cyber dyne, Inc9.5.1 Company Overview9.5.2 Financials9.5.3 Products9.5.4 Strategy9.5.5 Key Developments9.6 Raytheon Company9.6.1 Company Overview9.6.2 Financials9.6.3 Products9.6.4 Strategy9.6.5 Key Developments9.7 Samsung Electronics Co Ltd9.7.1 Company Overview9.7.2 Financials9.7.3 Products9.7.4 Strategy9.7.5 Key Developments9.8 Bionik Laboratories Corp9.8.1 Company Overview9.8.2 Financials9.8.3 Products9.8.4 Strategy9.8.5 Key Developments9.9 Toyota Motor Corporation9.9.1 Company Overview9.9.2 Financials9.9.3 Products9.9.4 Strategy9.9.5 Key Developments9.10 Panasonic Corporation9.10.1 Company Overview9.10.2 Financials9.10.3 Products9.10.4 Strategy9.10.5 Key Developments9.11 Parker Hannifin9.11.1 Company Overview9.11.2 Financials9.11.3 Products9.11.4 Strategy9.11.5 Key Developments
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