Human Augmentation Market Size Worth $498+ Billion, Globally, by 2028 at 23% CAGR - Exclusive Study by The Insight Partners - GlobeNewswire

New York, Oct. 11, 2022 (GLOBE NEWSWIRE) -- According to The Insight Partners, “Human Augmentation Market Size and Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product Type (Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Exoskeleton, and Intelligent Virtual Assistants), Functionality (Body Worn and Non-body Worn), Application (Consumer, Commercial, Healthcare, Aerospace and Defense, Energy and Utility, and Others), and Geography”, the planetary quality augmentation marketplace size is expected to turn from USD 116.88 Billion successful 2021 to USD 498.70 Billion by 2028 astatine a CAGR of 23% from 2022 to 2028.

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One of the cardinal trends successful the quality augmentation marketplace is the improvement of technologies that tin beryllium utilized to heighten the functions of the quality assemblage without the request for immoderate implants oregon surgery. For instance, the improvement of exoskeletons improves the spot and endurance of the assemblage and enhances the relation of the brain, specified arsenic brain-computer interfaces. A fewer of the associations associated to the quality augmentation marketplace are VR/AR Association (VRARA), Association of the Exoskeleton Industry (VDEI), Australian Orthotic Prosthetic Association Ltd. (AOPA), International Virtual Assistants Association (IVAA), Canadian Association of Virtual Assistants (CAVA), International Association of Professional Virtual Assistants (IAPO), etc.

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Global Human Augmentation Market: Competitive Landscape and Key Developments

Google Inc.; Samsung Electronics Co. Ltd.; Ekso Bionics Holdings, Inc.; Vuzix Corporation; Garmin; Fossil Group, Inc.; B-Temia Inc.; Casio, Magic Leap Inc.; and Rewalk Robotics Ltd. are a fewer of the cardinal quality augmentation marketplace players profiled successful the report. Several different large companies, specified arsenic Panasonic Corporation, Toyota Motor Corporation, Parker Hannifin, and Cyberdyne, were besides studied and analyzed during this probe survey to get a holistic presumption of the quality augmentation marketplace and its ecosystem. Many marketplace players successful the quality augmentation marketplace are pursuing integrated and inorganic maturation strategies, specified arsenic merchandise launches, merchandise developments, marketplace expansion, partnerships, collaborations, and mergers and acquisitions, to stay competitory successful the market. A fewer of the examples are mentioned below:

In September 2021, Fossil launched its Gen 6 touchscreen smartwatch enactment successful a virtual property conference. A fewer of its features include:

• Offers speedy customers exertion load times
• Responsive idiosyncratic experiences
• Efficient powerfulness consumption
• It is powered by the Qualcomm Snapdragon Wear 4100+ Platform

In May 2021, Ekso Bionics extended its concern with Kindred Healthcare, a post-acute healthcare services company, to bring EksoNR (clinically utilized robotic exoskeleton) to 4 of Kindred's Long-Term Acute Care Hospitals successful the US.

In June 2021, Magic Leap partnered with AMD, an American multinational semiconductor company, to utilize Nvidia graphics acceleration exertion for its archetypal AR/XR headset.

In January 2021, Google LLC acquired Fitbit Inc. for US$ 2.1 cardinal for entering the wearable outgo instrumentality market.

In September 2020, Vuzix Corporation launched Blade, a solid featuring Vuzix’s caller waveguide technology. Waveguides merge instructions that are sent digitally into existent tasks and assistance successful the removal of ocular distractions and occlusion. The astute glasses besides diagnostic autoscan cameras and sound cancellation.

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Product Developments:

Product launches and developments are expected to lend to the marketplace maturation during the forecast period. For instance, successful August 2022, Samsung Electronics launched Exynos W920, a caller wearable processor. A fewer of the important features of the processor are:

• It combines an LTE modem
• Developed with an improved 5-nanometer (nm) utmost ultra-violet (EUV) process node
• Provides almighty and businesslike performance, arsenic required by technologically precocious wearable devices.

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