Human Augmentation Market Revenue, Top Companies, Report 2033

The global human augmentation market revenue was valued at USD 330.38 billion in 2023 and is poised to grow from USD 376.67 billion in 2024 to USD 1,249.43 billion by 2033, at a CAGR of 14.25% during the forecast period 2024 - 2033. The rising advancements in technology, such as the availability of fast-processing sensors and chipsets being miniaturized, are expected to drive the growth of the human augmentation market.

Human Augmentation Market Statistics

Market Overview

The human augmentation market focuses on creating cognitive and physical improvements to increase human productivity and capability with optimized quality and health of life. Devices or implants play a crucial role in human productivity, such as limb and orthotics devices that have augmentation to improve muscle capability and enhance motion. The increasing usage of wearable devices to monitor health and fitness parameters and growing agreements, partnerships, acquisitions, product launches, and market expansion are expected to drive the growth of the market.

In addition, the growing demand for human augmentation from various end-user industries, increasing growth in virtual reality and augmented reality technologies, and increasing demand for enhanced performance are further attributed to the growth of the human augmented market during the forecast period.

  • The increasing growth in healthcare with applications ranging from exoskeletons and prosthetics to brain-computer interfaces fuel the market growth.
  • The increasing adoption of industrial settings to improve worker efficiency, safety, and productivity has contributed to driving market growth.
  • The rising remote work is further anticipated to drive the growth of the human augmentation industry.

Growing demand for human augmentation in the healthcare industry to fuel market growth

When the person gets older, the brain shrinks, and their ability to carry out millions of commands with their neurons decreases. Consumers' motor abilities and cognitive abilities are harmed by the reduction and deterioration of brain efficacy. The chance of acquiring a neurological disorder grows with age. People with neurodegenerative diseases and neurological illnesses will rise with the expanding senior population.

The number of people with disabilities is increasing with growing numbers of incidents of accidents. Human augmentation can help reduce their shortcomings and enable them to aim bodily integrity on grade with their human able-bodied individuals. The non-invasive nature of human augmentation with accelerated portability will spur the adoption of human augmentation to treat joint disabilities and limb and neurological conditions. The rising prevalence of limb disabilities and neurological diseases, among other diseases, has raised the demand for human augmentation by the healthcare industry, which is expected to drive the growth of the human augmentation market.

However, data security concerns and the high cost of capital expenditure may restrain the growth of the market. Concerns about data security and safety make the data unsafe for cyberattacks. In human augmentation, similar instances of data theft crimes and cyberattacks discourage customers from engaging in the market for human augmentation, thus creating challenges in market growth. In addition, the development of human augmentation requires a lot of money.

Human augmentation utilizes innovative technologies to increase its effectiveness, and nevertheless, such technologies are very costly, making human augmentation a costly venture. Due to their advanced nature and complicated procedures, human augmentation technologies are highly expensive. As a result, high human augmentation expenses may restrain the growth and demand for the human augmentation market.

Human Augmentation Marke Highlights

Report Attribute Key Statistics
Market Revenue in 2024 USD 376.67 Billion
Market Revenue by 2033 USD 1,249.43 Billion
Market CAGR 14.25% from 2024 to 2033
Quantitative Units Revenue in USD million/billion, Volume in units
Largest Market North America
Base Year 2023
Forecast Period 2024 to 2033
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Human Augmentation Market Top Companies

  • Microsoft Corporation
  • Sony Corporation
  • Facebook Reality Labs (Meta Platforms, Inc.)
  • Google LLC (Alphabet Inc.)
  • Samsung Electronics Co., Ltd.
  • Huawei Technologies Co., Ltd.
  • Hocoma AG (DIH Technologies)
  • Wearable Robotics SRL
  • Rex Bionics Ltd.
  • Wnadercraft
  • KYOCERA Corporation
  • Neuralink
  • B-Temia Inc.
  • Touch Bionics Inc.
  • Cyberdyne Inc.
  • ReWalk Robotics Ltd.
  • Ekso Bionoics Holdings, Inc.

Recent Innovation in Human Augmentation by KYOCERA Corporation

  • In October 2022, in Japan, Kyocera Corporation announced the launch of its three new solution prototypes for human augmentation, which are an Auditory Augmentation Device, a Physical Avatar, and a Walk Sensing. The aim behind this launch was to enable new skills and experiences by improving and complementing human abilities. Kyocera’s technology is expected to benefit various fields, from the medical and healthcare sectors to manufacturing and entertainment.

Recent Innovation in Human Augmentation by Neuralink

  • In January 2023, a brain-computer interface company of Elon Musk, Neuralink, launched its first successful human implantation with ensuring neuron sike detection. This new human implantation is used for initial users of telepathy who have lost their limb use.

Regional Insights

Asia Pacific is expected to grow fastest during the forecast period. The increasing significant investments in research and development activities, widespread technological uptake, and growing swift industrialization have contributed to the accelerating market growth in Asia Pacific. China, India, Japan, and South Korea are the major countries in this region due to the rising innovations in wearables, exoskeletons, and robust technologies.

The human augmentation of China experimentation is being conducted by the People’s Liberation Army Academy of Military Science. China is a major eastern nation and leads the way in emerging solutions and components for robotics related to human augmentation. In addition, emerging countries such as South Korea and Japan are exploring the development of innovative robotics and prosthetics, with a focus on improving the quality and mobility of life for the elderly. These are major factors expected to enhance the growth of the market in the Asia Pacific region.

North America dominated the human augmentation market in 2023. The rising demand for enhanced capabilities in various industries, increasing collaborations between healthcare providers and technology companies, increasing region’s focus on innovation in healthcare applications such as neuroprosthetic and prosthetic devices, and rising technological advancements are expected to accelerate the growth of the market in North America. The U.S. and Canada are the major countries and have the largest market share in human augmentation.

In the U.S., human augmentation technologies can offer employees advanced options to support their work in situations that need social distancing. The U.S. remains the major Western region, both technologically and politically, and it leads in the development of software solutions, usability, and safety for human augmentation. These are the advanced factors that contributed to accelerating the growth and demand for the human augmentation market in North America.

Market Potential and Growth Opportunity

Rising biomedical enhancements

Biomedical enhancements have made significant developments in recent years, leading to a potential improvement in the quality of life for many consumers. At the forefront of this field, there are various groundbreaking technologies, such as cochlear implants, advanced prosthetic limbs, and retinal prosthetics. Cochlear implants are electronic devices that bypass damage of the ear portion, quickly stimulate the auditory nerve, and offer a sense of sound to consumers with hearing loss. In addition, prosthetic limbs have developed from mechanical devices to experienced and electronically managed limbs that closely copy the operationality of natural limbs. These are the major opportunities expected to enhance the growth of the human augmentation market in the coming years.

Human Augmentation Market News

  • In May 2024, German Bionic launched its exoskeleton platform and comprehensive 360-degree human augmentation platform at Vivatech. The aim behind this launch was to deliver highly accessible human-centric technology solutions that are simple to design, empowering, and use to improve productivity and health.
  • In October 2023, the leader in the digital transformation of energy management and automation, Schneider Electric, launched a collaborative machine with the name Lexium Cobot. This new machine features advanced industrial robotics and next-generation automation technology. The Lexium Cobot was designed to work efficiently alongside humans, with diligent movements using dynamic torque, speed monitoring, and performing uniquely gently.

Market Segmentation

By Type

  • In-Built
  • Wearable

By Product

  • Body Worn
  • Non-body Worn

By Technology

  • Wearable
  • Virtual Reality
  • Augmented Reality
  • Exoskeleton
  • Intelligent Virtual Assistants

By End User

  • Consumer
  • Commercial
  • Medical
  • Defense
  • Industrial
  • Others

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