Human Augmentation Market Global Industry Perspective, Comprehensive Analysis and Forecast 2030
Human Augmentation Market
The human augmentation market is projected to reach USD 34.37 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.12% during the forecast period (2023 - 2030). The increasing adoption of human augmentation technologies in burgeoning end-use industries such as IT, healthcare, manufacturing, and defense, is positively impacting the market growth.
The human augmentation market is segmented by product type, end-user, and region. By product type, the market is segmented into bionic limbs, exoskeletons, wearable devices, and implants. The bionic limbs segment is expected to dominate the market during the forecast period. The increasing demand for bionic limbs from the military and healthcare sectors is driving the growth of this segment.
By end-user, the market is segmented into defense, healthcare, IT, and manufacturing. The defense segment is expected to dominate the market during the forecast period. The increasing use of human augmentation technologies in military applications, such as exoskeletons and wearable devices, is driving the growth of this segment.
By region, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America is expected to dominate the market during the forecast period. The increasing investment by government in developing the exoskeleton and artificial limbs technology is driving the growth of the market in North America.
The major players in the human augmentation market are B-Temia, BrainGate Company, Ekso Bionics Holdings, Cyberdyne, Raytheon Company, Samsung Electronics Co Ltd, Bionik Laboratories Corporation, Toyota Motor Corporation, Panasonic Corporation, and Parker Hannifin. These players are focusing on developing innovative products and expanding their geographic reach to gain a competitive edge in the market.
The human augmentation market is facing some challenges, such as social and ethical issues pertaining non-medical augmentation, and the high cost of medical implants as well as lack of skilled professionals. However, the market is expected to grow at a significant pace during the forecast period due to the increasing adoption of human augmentation technologies in various end-use industries.
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Market Segmentation
By Product Type
- Bionic limbs
- Exoskeletons
- Wearable devices
- Implants
By End-User
- Defense
- Healthcare
- IT
- Manufacturing
Competitive Landscape
The human augmentation market is highly competitive and fragmented. The major players in the market are B-Temia, BrainGate Company, Ekso Bionics Holdings, Cyberdyne, Raytheon Company, Samsung Electronics Co Ltd, Bionik Laboratories Corporation, Toyota Motor Corporation, Panasonic Corporation, and Parker Hannifin. These players are focusing on developing innovative products and expanding their geographic reach to gain a competitive edge in the market.
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