United States Human Augmentation Markets, 2022-2027 - Growing Implementation of Human Augmentation Technologies in Industrial Applications - ResearchAndMarkets.com

The US Human Augmentation Market is estimated to be USD 29.3 Bn in 2022 and is projected to reach USD 77.1 Bn by 2027, growing at a CAGR of 21.35%.

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Retrieved on: 
Thursday, July 21, 2022
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Technology, Health, Other Technology, Telemedicine, Virtual Medicine, Magic Leap, Product type, Investment, Fossil Group, Defense, COVID-19, Casio, Market development, Science and technology in Asia, Consumer, Industry, Commercial, Risk, USD, Ansoff Matrix, CAGR, Emotion, Competitive analysis, Impact, Ekso Bionics, Google, Growth, Real estate, Retail, Risk management, Function, Application, Industrial
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Summary
Key Points: 
  • The US Human Augmentation Market is estimated to be USD 29.3 Bn in 2022 and is projected to reach USD 77.1 Bn by 2027, growing at a CAGR of 21.35%.
  • Market dynamics are forces that impact the prices and behaviors of the US Human Augmentation Market stakeholders.
  • These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service.
  • The report presents a detailed Ansoff matrix analysis for the US Human Augmentation Market.


The "US Human Augmentation Market (2022-2027) by Product Type, Functionality, Application, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The US Human Augmentation Market is estimated to be USD 29.3 Bn in 2022 and is projected to reach USD 77.1 Bn by 2027, growing at a CAGR of 21.35%.

Market dynamics are forces that impact the prices and behaviors of the US Human Augmentation Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service.

Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Company Profiles

Some of the companies covered in this report are Atheer Inc, B-Temia Inc, Casio, Cyberglove Systems Llc, Ekso Bionics, Fossil Group, Gaemin Ltd, Google LLC, GOQII, Inbenta Holdings Inc, Lifesense Group, Magic Leap, etc.

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score.

The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Human Augmentation Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company.

The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Human Augmentation Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Market Dynamics

Drivers

  • High Demand For Wearable Augmentation Devices In Healthcare Sector
  • Recent Advent Of AI-Powered Wearable Devices For Restoring Vision And Hearing
  • Relaxing Brainwaves To Reduce Anxiety And Reviving Mixed Reality Increasing Manufacturing of Miniaturization of Sensors and Fast Processing Chipsets

Restraints

  • High Cost of Human Augmentation Devices
  • Health Concerns Related to AR and VR Technologies

Opportunities

  • Rising Use of Human Augmentation Technologies to Ensure Safety and Improve Strength of Military Personnel
  • Growing Implementation of Human Augmentation Technologies in Industrial Applications

Challenges

  • Risk of Data Breach and Identity Theft
  • Dearth of Skilled Personnel for Constant Modifications in Devices
  • Development of Human Augmentation Products at Larger Scale and Offering Them at Lower Prices

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Market SegmentationsThe US Human Augmentation Market is segmented based on Product Type, Functionality, and Application

  • By Product Type, the market is classified into Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Exoskeletons, and Intelligent Virtual Assistants.
  • By Functionality, the market is classified into Body-Worn Products and Non-Body-Worn Products.
  • By Application, the market is classified into Consumer, Commercial, Medical, Aerospace & Defense, and Industrial.

Companies Mentioned

  • Atheer Inc
  • B-Temia Inc
  • Casio
  • Cyberglove Systems Llc
  • Ekso Bionics
  • Fossil Group
  • Gaemin Ltd
  • Google LLC
  • GOQII
  • Inbenta Holdings Inc
  • Lifesense Group
  • Magic Leap
  • Merge Labs Inc
  • Mobvoi
  • Mycroft Ai Inc
  • Polar Electro
  • Raytheon Technologies
  • Rex Bionics Pty. Ltd
  • Samsung Electronics Co.,Ltd
  • Scope Ar
  • Second Sight Medical Products
  • Vuzix Corp

For more information about this report visit https://www.researchandmarkets.com/r/6gvqsv

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