According to Intent Market Research, the Human Augmentation Market is expected to grow from USD 171.4 billion in 2023-e to touch USD 719.7 billion in 2030, growing at a CAGR of 22.8%

Technological transformation is reshaping the landscape of human augmentation, creating unprecedented opportunities and advancements. Through cutting-edge innovations and breakthroughs, technology is paving the way for a new era in human augmentation. Breakthroughs in robotics, automation, and 3D printing are revolutionizing prosthetics and exoskeletons. These technologies are enhancing mobility and restoring functionalities for individuals with limb differences or mobility impairments.

The integration of AR and VR technologies is creating immersive and interactive experiences. In fields like healthcare, education, and training, AR & VR are enhancing learning, visualization, and skill development, contributing to the augmentation of human capabilities. Wearable devices equipped with advanced sensors are transforming how we monitor and understand the human body. From smart watches to health-tracking wearable devices, these technologies enable continuous biometric monitoring, providing valuable data for personalized augmentation solutions.

Human augmentation solutions are available in two types of wearability viz. body-worn and non-body-worn. Body-worn human augmentation refers to technologies or devices that are worn on or attached to the body to enhance, augment, or support various aspects of human capabilities. These augmentation technologies are designed to be portable, wearable, and integrated into the user's daily life.

Exoskeletons, smart goggles, wearable health monitors, AR/VR glasses, biometric devices are some of the solutions available in the market. Considering the growing demand from healthcare and defense sector, body-worn segment is estimated to grow with the significant growth rate during the forecast period.

Human augmentation in the healthcare industry involves the application of advanced technologies to enhance and extend human capabilities in medical and clinical settings. These technologies aim to improve patient care, streamline healthcare processes, and empower healthcare professionals.

Robotic surgery, wearable health monitoring devices, AR/VR based medical training, prosthetics & exoskeletons, virtual health assistants, are some of the key solutions in the market. It holds the potential to transform patient care, increase efficiency, and enhance the patient experience. Considering the benefits, there is growing adoption of these solutions in the healthcare, thereby, driving the segmental growth. 

Source: Intent Market Research Analysis

North America is estimated to show significant growth of the global human augmentation market in coming years. Conducive environment for the development, adoption, and integration of augmentation technologies in North America to drive the growth of human augmentation in region. North America, particularly Silicon Valley in the US, is a global epicenter for technological innovation. The region is home to numerous tech companies, startups, and research institutions that actively contribute to the development of cutting-edge human augmentation technologies.

Key players operating in the global human augmentation market are ABB, Apple, Boston Dynamics, Cyberdyne, Ekso Bionics, Fanuc, Google, KUKA, Magic Leap, NEC, Samsung, among others. In addition, there are several start-ups working in research & development of human augmentation technologies. Some of the potential start-ups of the human augmentation market are Bionik Laboratories, Emotiv, Fillauer, Hocoma, Kernel, Kernel Labs, MindMaze, Myomo, Neuralink, NeuroSky, Nimble Robotics, OpenBCI, Rewalk Robotics, Rex Bionics, Roam Robotics, Soft Robotics, Synchron, Veo Robotics, Vuzix, among others.

These players are adopting several organic & inorganic growth strategies to improve their market share. Some of the recent market developments are listed below:

• In May 2023, Fanuc introduced two new cobots that are having higher payload carrying capacity. The CRX-25iA cobot has enhanced 30 Kg payload capacity and CR-35iB Cobot has 50 Kg payload capacity.
• In September 2023, Magic Leap announced that it’s Magic Leap 2 augmented reality device complies with certain procurement requirements of the Trade Agreements Act (TAA) for its U.S. Government end customers.