Global Human Augmentation Market: Trends, Drivers and Opportunities
According to a new report published by Reports Monitor titled, “Global Human Augmentation Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Human Augmentation market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Human augmentation also termed as human enhancement technology is the combination of nanotechnology, biotechnology, information technology and cognitive science. This technology was primarily meant to improve the human productivity through natural or artificial means. Advent in the field of Information technology has facilitated various means of transplantation thus helped in overcoming the human limitation. The primary area where human augmentation is applied includes: bionics and prosthetics, brain computer interface, and neurotechnology.
Increased adoption of wearable technology in the healthcare sector forms the significant factor in the propelling the market growth. High investment in the research and development sector has led to the development in healthcare sector thereby contributing in the growth of human augmentation market. Advancement in the field of sensor technologies has also contributed in boosting the human enhancement market. However, lack of skilled personnel and high cost of equipment is mainly hampering the growth of market.
This report provides a detailed analysis of Human Augmentation market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The technological segmentation of Human Augmentation is based on the Type, by component, and by vertical and by end use. On the basis of type the market is segmented into: standalone and integrated DPI. Based on the components used the market is bifurcated as: Intrusion detection system and Intrusion prevention system, network performance management and data loss prevention and management. On the basis of vertical industry the market is divided into: IT and telecom, banking and financial sectors, healthcare and government and defense. On the basis of end-use the market is segmented as: Internet service providers and cloud service providers.
Based on the geographical regions covered the market is analyzed across: North America, Europe, Asia Pacific and Latin America, Middle East and Africa (LAMEA). Technological advancement and rapid adoption of wearable technology is mainly driving the growth of North America, while increased concern towards the healthcare and presence of electronic manufacturing hubs playing a considerable role in the technology enhancement is influencing growth of Asia Pacific in a positive manner.
The major players in the human augmentation market are: B-Temia Inc. , Braingate Company , Ekso Bionics Holdings, Inc. , Google Inc. , Magic Leap Inc. , Raytheon Company , Rewalk Robotics Ltd. , Samsung Electronics Co. Ltd. , Second Sight Medical Products, Inc. , Vuzix Corporation.
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