Regulatory Landscape Impacting Human Augmentation Market 2024: Compliance and Standards

The Human Augmentation Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Human Augmentation Global Market Report 2024, The human augmentation market size is expected to see exponential growth in the next few years. It will grow to $488.89 billion in 2028 at a compound annual growth rate (CAGR) of 20.7%.  The growth in the forecast period can be attributed to rising adoption of medical, defense, industrial, increasing demand for wearable devices and virtual reality technology, growing interest in augmented reality and exoskeleton technology, expanding opportunities within the human augmentation industry. Major trends in the forecast period include increasing adoption of wearable devices and virtual reality technology, advancements in ai-powered wearable devices, technological advancements in human augmentation devices.

The increasing adoption of smart wearable devices is expected to propel the growth of the human augmentation market. Smart wearable devices refer to electronic devices that are worn as accessories or embedded into clothing and accessories, typically equipped with sensors, connectivity features, and advanced computing capabilities. Human augmentation is used in smart wearable devices to provide individuals with new ways to monitor, enhance, and interact with physical and cognitive functions. For instance, in February 2023, according to a survey of 8,014 respondents by Digital Health Consumer Adoption Survey by Rock Health Inc., a US-based digital health solutions company, In 2022, 46% of respondents owned a wearable smart device, up 4 percent from 2020 (43%), and 45% in 2021. Therefore, the increasing adoption of smart wearable devices is expected to propel the growth of the human augmentation market.

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The human augmentation market covered in this report is segmented –

1) By Product Type: Wearable Devices, Augmented Reality Devices, Virtual Reality Devices, Exoskeletons, Biometric Systems, Intelligent Virtual Assistants
2) By Technology: AI Integration, Quantum Computing Augmentation, Biohacking and Bio-Augmentation
3) By End-User: Consumer, Commercial, Medical, Aerospace and Defense, Industrial, Other End-users

Major companies operating in the human augmentation market are focusing on product innovations, such as walk-sensing and coaching systems, to increase their profitability in the market. Walk-sensing and coaching systems are a type of technology that aims to improve posture and walking technique by sensing, diagnosing, and coaching the user’s walk. For instance, in October 2022, Kyocera Corporation, a Japan-based electronics company, launched Physical Avatar, which provides a physical representation for remote workers in the office and allows them to interact with colleagues through a 360-degree camera and microphone array. It also introduced new human augmentation technology prototypes in Japan with advanced AI to enhance human abilities. The company aims to develop technologies that contribute to personal safety, convenience, and a higher quality of life. One of the solutions described is the Walk Sensing and Coaching System, which uses sensors to analyze walking patterns and provide coaching to improve posture and reduce the risk of falls.

The human augmentation market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

Major Players:

• Alphabet Inc.
• Toyota Motor Corporation
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• General Motors Company

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