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Human Augmentation Market Estimated to Reach a Value of USD 34.21 Billion by 2030 with a CAGR of 8.12% – Report by Market Research Future (MRFR)

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2 years ago

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New York, US, April 28, 2022 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Human Augmentation Market” information by End-User, by Product and Region – Forecast to 2030” market size to reach USD 34.21 billion, growing at a compound annual growth rate of 8.12% by 2030.

Market Scope:
The human augmentation market outlook appears promising, demonstrating tremendous opportunities. Rapid advancements in technology and the adoption of human augmentation in IT, healthcare, manufacturing, and defense have created significant market opportunities. In the future, human augmentation will be used in performance enhancement, like brain implants, increased intelligence through implants, and physical augmentation of cyborgs.

With the growing implementation of AI-enabled applications to provide more convenient devices, the market is poised to witness significant gains in the next few years.

Human augmentation refers to human capabilities enhancing techniques, combining biotechnology, electronics, and mechanics and using natural or artificial methods. Human augmentation has witnessed significant advancements in its applications, mostly in healthcare, military & defense, and manufacturing industries. Increasing efforts to maximize the core advantages of human augmentation technologies increase market shares.

Also, the IT and construction industries are making substantial investments in deploying human augmentation technology to develop exoskeletons. Human augmentation devices are either wearable devices or bodysuits, such as exoskeletons, prosthetics, walking assistance devices, and in-built devices such as Nanochip implantable inside the body, brain-controlled robots, and many others.

Dominant Key Players on Human Augmentation Market Covered are:

  • BrainGate Company
  • B-Temia
  • Ekso Bionics Holdings
  • Raytheon Company
  • Samsung Electronics Co Ltd
  • Cyberdyne
  • Bionik Laboratories Corporation
  • Panasonic Corporation
  • Toyota Motor Corporation
  • Parker Hannifin

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Market USP Exclusively Encompassed:
Market Drivers
Extensive research activities are being conducted in various institutes in biotechnology, robotics, and medical devices. Also, major technology players such as Panasonic, Samsung, and Fujitsu are increasingly participating in these research activities.

Additionally, facilitations brought in medical science and medical devices, by the increased use of robotics fuel the human augmentation market growth. Moreover, technological advances, developments in augmentation reality technologies, and improved electronic devices increase the human augmentation market size.

Furthermore, increasing uses of human augmentation technologies in burgeoning end-use industries such as IT, healthcare, manufacturing, and defense, positively impact the market growth. Recent achievements in electronics have provided promising technology for prosthetic systems.

The development of a bionic tactile-perception system exhibiting integrated stimuli sensing and neuron-like information-processing functionalities in a low-pressure offer tremendous human augmentation market opportunities. Furthermore, seminal efforts and substantial investments made by key market players to develop skeletons and prosthetics are expected to escalate the human augmentation market size.

Browse In-depth Market Research Report (100 Pages) on Human Augmentation Market: 
https://www.marketresearchfuture.com/reports/human-augmentation-market-5043

Another trending technology that is supposed to change the way humans communicate is real-time language translation. Advancements in machine learning are supporting the improvement of machine-level translation. The research conducted to increase precision and perfection in real-time translation and advances in artificial intelligence and machine learning would foster the growth of the market.

Despite significant prospective, the human augmentation market witnesses major setbacks. Complexities involved in human augmentation manufacturing are projected to restrain the market growth. Also, continuous innovation in the device manufacturing processes poses strong challenges.

Segmentation of Market Covered in the Research:
The global human augmentation market is segmented into product, end-user, and region. The product segment is sub-segmented into wearable augmentation and in-built augmentation. The wearable augmentation segment accounts for the largest market share and is projected to retain its dominance throughout the forecast period.

The end-user segment is sub-segmented into healthcare, defense, IT, manufacturing, and others. Among these, the healthcare segment accounts for the largest market share and is projected to retain its dominance throughout the forecast period. The region segment is sub-segmented into the Middle East, Asia Pacific, Americas, Europe, and the Rest-of-the-World.

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Regional Analysis
North America leads the global human augmentation market. Factors such as the rapid developments in AI technology and investments in gene-editing technology drive the regional market growth. Additionally, the presence of many major players, such as BrainGate Company, B-Temia, Inc., and Ekso Bionics Holdings, Inc., influence the human augmentation market size. The US is the leading market for human augmentation technologies and is expected to expand at a high growth rate in the years to come.

Europe holds the second-leading share in the global human augmentation market. Factors such as the technical advancement and growing demand for application performance management platforms throughout different industry verticals in this region fosters the human augmentation market.

The UK and Germany control the bulk of the human augmentation market share in terms of revenues as well as the implementation of advanced solutions. Furthermore, the availability of advanced technologies and the strong presence of leading vendors in the region push the human augmentation market growth. High spending on personal & wearable devices and the growing technology environment in the region are major tailwinds for the regional market’s growth.

The Asia Pacific derives a sizable share in the global human augmentation market. The growth is driven by increasing investment in research & development and increasing awareness and development of exoskeleton technology. 

Moreover, the vast productions and widening adoption of human augmentation technology in the IT, healthcare, manufacturing, and defense sectors support the regional market growth. Additionally, the high demand for human augmentation technology for medical and wearable devices boosts the region’s market share.

Buy this Report:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=5043

Competitive Landscape
The human augmentation market appears highly competitive, with the presence of many prominent companies having an international and regional presence. These companies aggressively target increased participation through partnerships and collaborations to expand their operations and offerings to potential clientele.

For instance, on July 28, 2020, Hilti Inc. unveiled the EXO-01 wearable exoskeleton, a human augmentation device designed to help contractors handle health and safety issues associated with repetitive stress and labor shortage challenges on the job sites. The EXO-O1 wearable exoskeleton would help reduce strain and fatigue for experienced and novice users, making the most of the available workforce at a time when the industry is struggling to fill open construction positions.

Related Reports:
Augmented Analytics Market, By Component (Software, Services (Professional)), by Vertical (BFSI, Healthcare, Manufacturing, Retail, Government, Transportation), by Deployment (Hybris, On-Cloud) – Global Forecast till 2028

AR and VR Market: By Technology (Augmented Reality (Marker-Based Augmented Reality and Marker-less Augmented Reality) and Virtual Reality (Non-Immersive Systems, Semi-Immersive Projection System and Fully-Immersive Systems)) and Virtual Reality Devices (Head-mounted Display, Gesture Tracking Devices, Display Wall and Projectors), & By Vertical (Consumer Electronics, Media & Entertainment, Healthcare, Retail, Aerospace & Defense, Automotive, BFSI, IT & Telecommunication, Manufacturing, Education, Travel & Tourism and Real Estate) – Forecast till 2030

Mobile Augmented Reality Market, By Component (Hardware, Software), Applications (Smartphones, Smart Glasses & Wearable, Tablets), End-User (Telecommunication, Gaming & Entertainment) – Forecast Till 2030

Augmented Intelligence Market Research Report: By Offering (Hardware, Software and Services), Technology (Machine Learning, Natural Language Processing, and Computer Vision), End-Use Industry (Healthcare, Manufacturing, Automotive, Agriculture and others) and Region (North America, Europe, Asia Pacific, Middle East, and Africa and South America) – Forecast till 2027

About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence


Elevate Your Virtual Reality Experience with KIWI design RGB Vertical Stand, Now Available on Meta’s Website





 






Published
 15 hours ago 
on
 May 11, 2024





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LOS ANGELES, May 11, 2024 /PRNewswire/ — Top-tier VR accessories provider KIWI design has launched its latest product, the RGB Vertical Stand. This Meta-authorized accessory, designed to deepen users’ immersion in the metaverse, is now available on the official Meta website.


“KIWI design’s commitment to pushing the boundaries of virtual reality accessories takes another leap forward with the introduction of our new products,” said Ray,the CEO of KIWI design. “We are always dedicated to bringing innovative upgrades to VR device accessories, with the goal of enriching users’ virtual reality experiences.”

The newly launched RGB Vertical Stand features a user-friendly modular design with push-in assembly, making it easy to set up and use. It is compatible with Meta Quest 3, Quest 2, and Quest Pro, ensuring widespread usability. With a magnetic USB Type-C connector, it provides an effortless way to charge and display your headset. Users can also customize their display with 16 pre-set ambient multicolor RGB light options.

With VR technology constantly evolving, users are seeking more immersive experiences. As a leading manufacturer of VR accessories, KIWI design is committed to enhancing the user experience, through unique product designs. Since its establishment in 2015, KIWI design has acquired over 100 patents and has a diverse product lineup, including head straps, facial interfaces, VR stands, charging accessories, and controller grip covers.

KIWI design has also actively participated in the Made for Meta program, which is provided by Meta to strengthen its partnerships with leading brands to deliver accessories that enhance Meta products with more choice and a richer experience for everyone. KIWI design’s participation in this program validates its high-quality design standards.

The RGB Vertical Stand for Meta Quest 3, Quest 2, and Quest Pro and another specially designed authorized charging dock for the Meta  Oculus Quest 2 are now available for purchase on both KIWI design’s website and Amazon. For more information about our brand and products, please visit our website and follow KIWI design on Facebook, Instagram, X, YouTube and TikTok.

https://www.kiwidesign.com/

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Artificial Intelligence


WIO Taps Gracenote to Revolutionize Television Broadcast Reporting





 






Published
 1 day ago 
on
 May 11, 2024





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LOS ANGELES, May 11, 2024 /PRNewswire/ — WIO LLC, parent company of the global TV broadcast airings platform, WIOpro™, has announced a new strategic agreement with Gracenote, the global content data business unit of Nielsen, to address the longstanding challenge of accurately tracking and collecting music royalties generated by broadcast television and digital programming, With this agreement, WIO will integrate Gracenote TV program metadata and show airings into its WIOpro™ (“When’s It On – Professional”) platform enabling performance rights organizations, copyright management organizations and other entities to better monitor broadcast schedules and identify when royalties have been earned.


By integrating Gracenote historical program data into WIOpro’s new LookBack™ feature, WIO is enhancing its reporting capabilities and empowering Collection Societies, Rights Management Companies and the royalty-earning community to more easily monitor and export broadcast airings and better understand collections opportunities.

“At WIO, we are committed to empowering collection societies and copyright holders around the world with our platform tools and unprecedented access to the best and most accurate television broadcast and streaming data available,” said Shawn Pierce, Co-Founder and CEO of WIO LLC. “We have enjoyed an incredible relationship with Gracenote for 10 years. With the solidification of this agreement, we are able to deliver an unrivaled dataset to the royalty and residual community in a way that has not been offered before.” said Adam Shafron, Co-Founder and CTO of WIO LLC.

“WIO’s platform developed to solve the difficult matter of royalty tracking only becomes more powerful based on the integration of accurate, timely and comprehensive Gracenote metadata,” said Scott Monahan, Director, Strategic Partnerships, Gracenote. “We look forward to the combination of WIOpro’s technology and Gracenote’s program metadata delivering on the promise of transforming music royalty collection so that rights holders can be fairly compensated for use of their work.”

WIO and Gracenote will be at the MusicBiz 2024 conference in Nashville, TN May 13 – 16. Contact Dave Pelman, COO of WIO LLC at [email protected] for media queries or to book an appointment for a product demonstration.

About WIO:WIO is a technology company dedicated to providing broadcast television and digital programming data tailored specifically for the royalty and residual collection industry. Through its platform WIOpro (wiopro.com), users obtain access to real-time broadcast insights, reporting and curated data delivery.

About Gracenote:Gracenote is the content data business unit of Nielsen providing entertainment metadata, connected IDs and related offerings to the world’s leading creators, distributors and platforms. Gracenote enables advanced content navigation and discovery capabilities helping individuals easily connect to the TV shows, movies, music, podcasts and sports they love while delivering powerful content analytics making complex business decisions simpler.

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Artificial Intelligence


IDTechEx Explores Printed Electronics in Electrified and Autonomous Mobility





 






Published
 2 days ago 
on
 May 10, 2024





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BOSTON, May 10, 2024 /PRNewswire/ — Electrification, autonomy, and vehicle ownership saturation are causing a technological revolution in the automotive sector. These automotive meta-trends are driving drastic changes in electronic component requirements and present a high-volume opportunity for printed electronics to capitalize on.


Historically, printed electronics technologies have nurtured a close relationship with the automotive sector, with printed force sensors pioneering passenger safety through seat occupancy and seatbelt detection. As such, the automotive sector continues to represent the lion’s share of the global printed and flexible sensor market, which IDTechEx’s report on the topic evaluates as worth US$421M in 2024. However, if the automotive sector is to continue to be a reliable revenue stream, printed electronics technology providers must adapt to address the emerging technical challenges facing future mobility.

Augmenting autonomous vehicles with printed electronics

As vehicle autonomy levels advance, the increasing number and distribution of spatial mapping sensors required will need continuous performance improvements to ensure passenger safety. Emerging printed electronics technologies can augment these sensors, extending detection bandwidth and maximizing reliability during operation.

Transparent conductive films (TCFs) are being developed to heat and defog LiDAR sensor panels, ensuring the function is unperturbed by external environmental conditions. Properties such as high transparency and low haze are important for defogging. These properties can be easily tuned using the wide variety of material options available for TCFs, including carbon nanotubes and silver nanowires.

IDTechEx identifies printed heating as a leading application of transparent conductive films. This is attributed to diminishing growth prospects in capacitive touch sensing applications. Innovations in thin film coating techniques have enabled indium tin oxide (ITO) to dominate touch sensing applications, all but displacing TCFs completely.

Looking towards the future, printed electronics technologies could play a more active role in advanced autonomous driving. Emerging semiconductive materials, such as quantum dots, printed directly onto conventional silicon image sensor arrays can extend detection range and sensitivity deeper into the infrared region. Augmenting existing image sensor technology with enhanced spectral range could facilitate the competition of hybrid silicon sensors with established InGaAs detectors.

Printed sensors promise granularized battery health monitoring

Vehicle electrification is driving the sustained development and evolution of electronic management systems, particularly in the battery and electric drivetrain. A strong market pull exists for technologies that increase vehicle efficiency, range, and lifetime while reducing recharge times.

Printed pressure and temperature sensors measure battery cell swelling and thermal profiles, providing granularized physical data that can be used to optimize battery deployment and recharging. Moreover, hybrid printed sensors that combine integrated printed heating elements promise a solution to actively address battery temperature. IDTechEx estimates that printed sensor-enabled battery deployment and charging optimizations could be worth up to US$3000 in savings per vehicle.

There remains uncertainty about whether electrification trends will correspond to increased demand for physical sensors in electric vehicle batteries, owing to the utility of existing electronic readouts for managing deployment. Virtual sensors also pose a threat, where AI-enabled software models interpret data to predict and emulate physical sensor functions without the need for discreet components. However, emerging regulations regarding safety and sensor redundancy will likely favor measurable metrics and see automotive makers continue to adopt physical sensors. IDTechEx predicts that virtual sensors are unlikely to displace their physical counterparts – so long as low-cost sensors remain widely available.

Embedding printed electronics in the car of the future

IDTechEx predicts that global car sales will saturate over the next decade, with automakers increasingly looking for premium features and technical innovations to differentiate themselves from the competition. In-cabin technologies will be highly desirable – as the location where passengers reside and interact with the vehicle the most.

Lighting elements are emerging as a prominent differentiator, described as “the new chrome” by Volkswagen’s chief designer. The use of in-mold structural electronics (IMSE) enables the integration of embedded lighting elements using existing manufacturing processes. 3D electronics technologies are intrinsically attractive for automotive integration, as functional layers are conformable and lightweight while easily embedded within existing aesthetic elements.

Despite strong tailwinds, the adoption of in-mold electronics within automotive interiors has been sluggish. This is attributed to the challenges of meeting automotive qualification requirements, as well as stiff competition with less sophisticated alternatives such as applying functional films to thermoformed parts. Nevertheless, momentum is building, with technology providers like Tactotek partnering with Mercedes-Benz and Stallantis to progress the automotive validation of IMSE to TRL5.

Outlook for printed electronics in automotive applications

Just as printed force sensors heralded early passenger safety systems, printed electronics technology is poised to underpin next-generation innovations for the car of the future. But this time, the competition will be stiff. Critical cost requirements must be met, while desirable new functionality must address existing challenges faced by manufacturers. Printed electronics can play a role in supporting emerging electrified and autonomous mobility, such as augmenting LiDAR sensors or optimizing electric battery deployment. Demand for technologies that enhance passenger experience and vehicle aesthetics will continue to grow, and printed electronics can supply low-power, lightweight lighting solutions for these.

Sustained engagement from tier suppliers and manufacturers continues to make the automotive sector key to printed sensor market growth opportunities – a total market IDTechEx predicts will reach US$960M by 2034. Strong partnerships between material providers and printed electronics technology providers are complementary to those of the highly vertically integrated automotive value chains between tier suppliers and OEMs. Leveraging printing techniques to provide solutions that slot into existing manufacturing processes and designs will be crucial. In the medium term, the printed electronics technologies most likely to realize revenue potential are those that can adapt to service emerging challenges already known to the automotive industry.

For more information on IDTechEx’s research on this topic, please see their report, “Printed and Flexible Sensors 2024-2034: Technologies, Players, Markets”. Downloadable sample pages are available for this report.

For the full portfolio of printed and flexible electronics market research from IDTechEx, please visit www.IDTechEx.com/Research/PE.

About IDTechEx:

IDTechEx provides trusted independent research on emerging technologies and their markets. Since 1999, we have been helping our clients to understand new technologies, their supply chains, market requirements, opportunities and forecasts. For more information, contact [email protected] or visit www.IDTechEx.com. 

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Media Contact:

Lucy RogersSales and Marketing [email protected] +44(0)1223 812300

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