Exploring the Global Landscape of Human Augmentation
The Global Human Augmentation Market is rapidly evolving, integrating cutting-edge technologies such as AI, robotics, and biotechnology to enhance human capabilities.
This market encompasses a broad range of applications, from medical prosthetics to cognitive enhancements, driving innovation and improving quality of life across various industries worldwide.
Global Human Augmentation Market Growth and Forecast
In 2023, the Global Human Augmentation market was valued at $330.38 billion. The market is expected to increase and reach approximately $847.22 billion by 2030.
During the forecast period, the market will be growing at an approximate CAGR of 14.25%.
The growth is fueled by heightened investments in technological advancements, especially in healthcare sectors such as prosthetics and neuroprosthetic devices.
Global Human Augmentation Market Developments
In 2023, ReWalk Robotics, Ltd. achieved a milestone by integrating advanced sensing technologies and artificial intelligence in a next-generation exoskeleton prototype. This development showcased the potential for smart exoskeletons with autonomous decision-making capabilities.
In 2023, Vuzix Corporation partnered with TeamOpenSmartGlasses to develop ChatGPT AI applications for Vuzix smart glasses, enhancing conversations and meetings for various professionals. The collaboration contributed to advancing conversation enhancement tools on wearable smart glasses, improving user understanding and productivity across industries.
In 2023, Xiaomi unveiled the Xiaomi Wireless AR Glass Discovery Edition, showcasing a breakthrough in AR technology. The glasses featured distributed computing, a retina-level adaptive display, and advanced hand tracking, enhancing connectivity and inter-device compatibility. This development contributed to advancements in the Global Human Augmentation Market.
In 2021, Samsung Electronics introduced the Galaxy Watch4 series, featuring the new Wear OS™ Powered by Samsung and One UI Watch. These smartwatches offered advanced health and wellness features, including the BioActive Sensor for monitoring blood pressure, AFib irregular heartbeat detection, blood oxygen levels, and body composition.
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Data Sources: Precedence Research, SutherlandGlobal, Science Direcct, Prnewswire, and others
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