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Global Human Enhancement Market Size, Share, Growth, Report: By Product: Smartwatch, Head-mounted Display, Smart Clothing, Ear-worn, Fitness Tracker, Body-worn Camera, Exoskeleton, Medical Devices; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Human Enhancement Market Outlook
The global human enhancement market attained a volume of about 375.04 million units in 2023. The market is further expected to grow at a CAGR of 20% in the forecast period of 2024-2032 to attain a volume of approximately 1930.83 million units by 2032.
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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.
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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 (2018-2023)
8.3 Global Human Enhancement Market Forecast (2024-2032)
8.4 Global Human Enhancement Market by Product
8.4.1 Smartwatch
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Head-mounted Display
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Smart Clothing
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Ear-worn
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Fitness Tracker
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Body-worn Camera
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Exoskeleton
8.4.7.1 Historical Trend (2018-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.4.8 Medical Devices
8.4.8.1 Historical Trend (2018-2023)
8.4.8.2 Forecast Trend (2024-2032)
8.5 Global Human Enhancement Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Human Enhancement Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Human Enhancement Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Human Enhancement Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Human Enhancement Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Human Enhancement Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 2032
2. Global Human Enhancement Historical Market: Breakup by Product (Million Units), 2018-2023
3. Global Human Enhancement Market Forecast: Breakup by Product (Million Units), 2024-2032
4. Global Human Enhancement Historical Market: Breakup by Region (Million Units), 2018-2023
5. Global Human Enhancement Market Forecast: Breakup by Region (Million Units), 2024-2032
6. North America Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2023
7. North America Human Enhancement Market Forecast: Breakup by Country (Million Units), 2024-2032
8. Europe Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2023
9. Europe Human Enhancement Market Forecast: Breakup by Country (Million Units), 2024-2032
10. Asia Pacific Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2023
11. Asia Pacific Human Enhancement Market Forecast: Breakup by Country (Million Units), 2024-2032
12. Latin America Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2023
13. Latin America Human Enhancement Market Forecast: Breakup by Country (Million Units), 2024-2032
14. Middle East and Africa Human Enhancement Historical Market: Breakup by Country (Million Units), 2018-2023
15. Middle East and Africa Human Enhancement Market Forecast: Breakup by Country (Million Units), 2024-2032
16. Global Human Enhancement Market Structure
Key Questions Answered in the Report
In 2023, the global human enhancement market attained a volume of about 375.04 million units.
The market is projected to grow at a CAGR of 20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to attain nearly 1930.83 million units by 2032.
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 375.04 million units in 2023, 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 2024-2032, growing at a CAGR of 20%. The market is projected to attain nearly 1930.83 million units by 2032.
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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