Market Size of Human Enhancement Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 19.98 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Human Enhancement Market Analysis
The shipment volume of the global human enhancement market is expected to register a CAGR of 19.98% over the forecast period. Advances in materials, information systems, and human science are setting the stage to significantly enhance human capabilities, pushing the physiological, cognitive, and social human performance frontiers. Research and development in these areas enable the development of devices and solutions that can enhance human capabilities.
- Human augmentation uses advanced artificial intelligence (AI) and other technologies to enable new experiences and skills by complementing and improving human abilities. The systems are meant to enhance human perception, cognition, and motor skills and improve human presence and interaction.
- The defense sector drives a prominent share of the research and development investment due to the sheer number of applications, and subsidized offerings for prosthetics and exoskeletons are fueling the growth. Technological innovation enhancing the capabilities of prosthetics and allowing natural movement further increases the demand.
- As the battlefield becomes more complex and more advanced technologies become available, the operational demands and technical challenges on defense and security personnel will increase. It is essential to explore the potential of human enhancement for improving the level of operator and system performance and security capabilities. For instance, in May last year, DASA announced the launch of Moreover, the players in the market are constantly launching innovative products to enhance human abilities.
- Apart from prosthetics, human enhancements that enable humans to work and operate at higher than the optimal levels of normal humans are expected to gain traction over the coming years in industrial situations and the defense sector; various technological innovations are underway.
- With the COVID-19 outbreak, the demand for human enhancement products has experienced significant disruptions pertaining to supply chain issues in markets, such as smartwatches, hearables, fitness trackers, and other electronics.
