Advances in robotics and artificial intelligence are driving the market for human augmentation. Human augmentation includes physical, genetic, sensory, and cognitive enhancements such as prosthetics, cochlear implants, and brain-computer interfaces. The human augmentation market is rapidly growing as technology advances and more people seek to enhance their abilities and quality of life.
One of the main drivers of the human augmentation market is the aging population. As people live longer, they experience age-related issues in their physical and cognitive abilities. Human augmentation technologies can help address these inabilities and enable people to maintain their independence and quality of life as they age. Another driver of the market is the increasing demand for wearable technology. Wearable devices such as smartwatches and fitness trackers are becoming more popular, and there is a growing interest in devices that can enhance physical performance or monitor health and wellness.
The Covid-19 pandemic impacted the human augmentation market. On the positive side, the pandemic has accelerated the development and adoption of certain types of technology, such as telemedicine and remote monitoring, enabling healthcare providers to provide care to patients from a distance. However, the pandemic also negatively impacted the human augmentation market. The economic downturn caused by the pandemic led to a decrease in funding for research and development in the human augmentation market.
Robotic exoskeletons and prosthetics can enhance physical abilities, while brain-computer interfaces can enable people to control devices with their thoughts. For instance, in May 2022, a Japanese researcher Dr. Yoichi Miyawaki from The University of Electro-Communications, Japan, developed the sixth finger. The Sixth Finger is a robotic prosthetic worn on the wrist and controlled by the user's foot movements. The device is equipped with sensors that detect the user's foot movements and translate them into movements of the extra fingers. This finger also allows the user to perform tasks such as playing musical instruments or typing on a keyboard.
North America is one of the prominent regions expected to dominate the industry. It is attributed to the presence of major industry players operating in human augmentation technology and manufacturing robotic exoskeletons & brain-computer interfaces. The aging population in North America, with a high demand for wearable technology, is expected to continue to drive growth in the region. The human augmentation market is expected to grow in the coming years as technology advances and more people seek to enhance their abilities.
Intelligent Virtual Assistants
By End-use Industry
Aerospace & Defense
Panasonic Holdings Corporation
PARKER HANNIFIN CORP
Raytheon Technologies Corporation
TOYOTA MOTOR CORPORATION
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. Contact us now
ESOMAR & Great Work to Place Certified
ISO 9001:2015 & 27001:2022 Certified
"The quality of research they have done for us has been excellent."