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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 (2016-2026); 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 2021-2026 to attain a volume of approximately 647.6 million units by 2026.

 

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.

 

Global Human Enhancement Market

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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: Industry Definition and 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.

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
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, EMR’s 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.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Human Enhancement Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Human Enhancement Historical Market (2016-2020) 
    8.3    Global Human Enhancement Market Forecast (2021-2026)
    8.4    Global Human Enhancement Market by Product
        8.4.1    Smartwatch
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Head-mounted Display
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Smart Clothing
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Ear-worn
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Fitness Tracker
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2016-2020)
            8.4.5.3    Forecast Trend (2021-2026)
        8.4.6    Body-worn Camera
            8.4.6.1    Market Share
            8.4.6.2    Historical Trend (2016-2020)
            8.4.6.3    Forecast Trend (2021-2026)
        8.4.7    Exoskeleton
            8.4.7.1    Market Share
            8.4.7.2    Historical Trend (2016-2020)
            8.4.7.3    Forecast Trend (2021-2026)
        8.4.8    Medical Devices
            8.4.8.1    Market Share
            8.4.8.2    Historical Trend (2016-2020)
            8.4.8.3    Forecast Trend (2021-2026)
    8.5    Global Human Enhancement Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Vuzix Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Ekso Bionics Holdings Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Second Sight Medical Products Inc.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Raytheon Company
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others
13    Industry Events and Developments

 

List of Figures and Tables

1.    Global Human Enhancement Market: Key Industry Highlights, 2016 and 2026
2.    Global Human Enhancement Historical Market: Breakup by Product (Million Units), 2016-2020
3.    Global Human Enhancement Market Forecast: Breakup by Product (Million Units), 2021-2026
4.    Global Human Enhancement Historical Market: Breakup by Region (Million Units), 2016-2020
5.    Global Human Enhancement Market Forecast: Breakup by Region (Million Units), 2021-2026
6.    North America Human Enhancement Historical Market: Breakup by Country (Million Units), 2016-2020
7.    North America Human Enhancement Market Forecast: Breakup by Country (Million Units), 2021-2026
8.    Europe Human Enhancement Historical Market: Breakup by Country (Million Units), 2016-2020
9.    Europe Human Enhancement Market Forecast: Breakup by Country (Million Units), 2021-2026
10.    Asia Pacific Human Enhancement Historical Market: Breakup by Country (Million Units), 2016-2020
11.    Asia Pacific Human Enhancement Market Forecast: Breakup by Country (Million Units), 2021-2026
12.    Latin America Human Enhancement Historical Market: Breakup by Country (Million Units), 2016-2020
13.    Latin America Human Enhancement Market Forecast: Breakup by Country (Million Units), 2021-2026
14.    Middle East and Africa Human Enhancement Historical Market: Breakup by Country (Million Units), 2016-2020
15.    Middle East and Africa Human Enhancement Market Forecast: Breakup by Country (Million Units), 2021-2026
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 2021-2026 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 2021-2026, 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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