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Global Human Enhancement Market: By Product: Smartwatch, Head-mounted Display, Smart Clothing, Ear-worn, Fitness Tracker, Body-worn Camera, Exoskeleton, Medical Devices; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Human Enhancement Market Outlook

The global human enhancement market attained a volume of about 217.2 million units in 2020. The market is further expected to grow at a CAGR of 19.97% in the forecast period of 2023-2028 to attain a volume of approximately 647.6 million units by 2026.

 

Global Human Enhancement Market

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Increasing Demand for Smartwatches to Augment the Human Enhancement Industry Growth

Based on product, the smartwatch segment is expected to grow at a rapid pace over the forecast period. Smartwatches today offer several applications that are comparable to those of smartphones and tablets. These applications provide features, such as weather forecasting, calorie counting, and map and directions display. Smartwatches can now make and receive phone calls as well as send and receive text messages. These several applications of smartwatches are driving the growth of the segment, which, in turn, is propelling the progress of the market.

 

The Asia Pacific to Provide Enhanced Growth Opportunities to the Human Enhancement Industry

Due to the booming sales of connected wearable devices because of lower pricing and an increase in the number of people with internet access, Asia Pacific is expected to have the fastest development in the human enhancement industry. Moreover, in recent years, major players in the human enhancement industry have introduced a flood of new products to boost their income. China, which houses some of the market's most notable vendors, has made a substantial contribution to process control and product manufacturing. Furthermore, the Indian government intends to use digital technologies to empower every native with access to knowledge, digital services, and information to develop the country and provide opportunities for all people.

 

Human Enhancement: Market Segmentation

The natural, artificial, or technological change of the human body to improve physical or mental capacities is known as a human enhancement (HE). There are currently three types of human enhancement: reproductive, physical, and mental. Various types of human enhancement technologies are either on the way or being studied and trialled right now.

 

Global Human Enhancement Market by Segment

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By product, the market is divided into:

  • Smartwatch
  • Head-Mounted Display
  • Smart Clothing
  • Ear-Worn
  • Fitness Tracker
  • Body-Worn Camera
  • Exoskeleton
  • Medical Devices

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Human Enhancement Market by Region

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Advancements in Materials, Information Systems, and Human Research to Bolster the Growth of the Human Enhancement Industry

Advancements in materials, information systems, and human research are paving the way for major improvements in human capabilities, pushing the limits of physiological, cognitive, and social performance. Moreover, the creation of devices and solutions that may actively increase human capacities is enabled through research and development in these areas. Furthermore, due to the sheer number of applications, the defence industry accounts for a significant portion of R&D spending. In addition, subsidised options for prosthetics and exoskeletons are fuelling the growth of the industry.

Human enhancements that allow people to work and operate at greater levels than normal are likely to gain momentum in industrial settings over the forecast period. Numerous technological breakthroughs are also predicted to boost the market growth in the upcoming years.

 

Key Industry Players in the Global Human Enhancement Market

The report gives a detailed analysis of the following key players in the global human enhancement market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Vuzix Corporation
  • Ekso Bionics Holdings Inc.
  • Second Sight Medical Products Inc.
  • Raytheon Company
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Region
Breakup by Product Smartwatch, Head-mounted Display, Smart Clothing, Ear-worn, Fitness Tracker, Body-worn Camera, Exoskeleton, Medical Devices
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Vuzix Corporation, Ekso Bionics Holdings Inc., Second Sight Medical Products Inc., Raytheon Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Human Enhancement Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Human Enhancement Historical Market (2018-2022) 
    8.3    Global Human Enhancement Market Forecast (2023-2028)
    8.4    Global Human Enhancement Market by Product
        8.4.1    Smartwatch
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Head-mounted Display
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Smart Clothing
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Ear-worn
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Fitness Tracker
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Body-worn Camera
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2018-2022)
            8.4.6.3    Forecast Trend (2023-2028)
        8.4.7    Exoskeleton
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2018-2022)
            8.4.7.3    Forecast Trend (2023-2028)
        8.4.8    Medical Devices
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2018-2022)
            8.4.8.3    Forecast Trend (2023-2028)    
    8.5    Global Human Enhancement Market by Region
        8.5.1    North America
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022) 
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022) 
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022) 
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022) 
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022) 
            8.5.5.3    Forecast Trend (2023-2028)
9    North America Human Enhancement Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Human Enhancement Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific  Human Enhancement Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Human Enhancement Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Human Enhancement Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Vuzix Corporation
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Ekso Bionics Holdings Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Second Sight Medical Products Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Raytheon Company
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Human Enhancement Market: Key Industry Highlights, 2018 and 2028
2.    Global Human Enhancement Historical Market: Breakup by Product (Million Units), 2018-2022
3.    Global Human Enhancement Market Forecast: Breakup by Product (Million Units), 2023-2028
4.    Global Human Enhancement Historical Market: Breakup by Region (Million Units), 2018-2022
5.    Global Human Enhancement Market Forecast: Breakup by Region (Million Units), 2023-2028
6.    North America Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2022
7.    North America Human Enhancement Market Forecast: Breakup by Country (Million Units), 2023-2028
8.    Europe Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2022
9.    Europe Human Enhancement Market Forecast: Breakup by Country (Million Units), 2023-2028
10.    Asia Pacific Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2022
11.    Asia Pacific Human Enhancement Market Forecast: Breakup by Country (Million Units), 2023-2028
12.    Latin America Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2022
13.    Latin America Human Enhancement Market Forecast: Breakup by Country (Million Units), 2023-2028
14.    Middle East and Africa Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2022
15.    Middle East and Africa Human Enhancement Market Forecast: Breakup by Country (Million Units), 2023-2028
16.    Global Human Enhancement Market Structure

Key Questions Answered in the Report

In 2020, the global human enhancement market attained a volume of about 217.2 million units.

The market is projected to grow at a CAGR of 19.97% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to attain nearly 647.6 million units by 2026.

The major drivers of the industry, such as the advancements in materials, information systems, and human research, are expected to aid the market growth.

The key market trends guiding the growth of the market include the creation of devices and solutions that may actively increase human capacities.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The market based on product can be divided into smartwatch, head-mounted display, smart clothing, ear-worn, fitness tracker, body-worn camera, exoskeleton, and medical devices.

The major players in the industry are Vuzix Corporation, Ekso Bionics Holdings Inc., Second Sight Medical Products Inc., and Raytheon Company, among others.

Analyst Review

The global human enhancement market attained a volume of about 217.2 million units in 2020, driven by the advancements in materials, information systems, and human research. Aided by the creation of devices and solutions that may actively increase human capacities, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 19.97%. The market is projected to attain nearly 647.6 million units by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market, based on product, can be divided into smartwatch, head-mounted display, smart clothing, ear-worn, fitness tracker, body-worn camera, exoskeleton, and medical devices. The major regional markets for human enhancement are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Vuzix Corporation, Ekso Bionics Holdings Inc., Second Sight Medical Products Inc., and Raytheon Company, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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