DUBLIN--(BUSINESS WIRE)--The "Human Augmentation Market by Technology (Wearable, Virtual Reality, Augmented Reality, Exoskeleton, Intelligent Virtual Assistants), Functionality (Body Worn, Non-body Worn), Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The human augmentation market is projected to grow from USD 70.9 billion in 2019 to USD 206.9 billion by 2024, at a CAGR of 23.9%.
Human augmentation market projected to grow at CAGR of 23.9% from 2019 to 2024
Major factors driving the growth of the human augmentation market include the surge in technology penetration in healthcare, safe and strong military personnel, advent of artificial intelligence in wearable devices, and growing popularity of wearable augmentation products.
Intelligent virtual assistant human augmentation market for consumer electronics in APAC to grow at highest CAGR
APAC is one of the major markets for intelligent virtual assistant globally where China and India among others are the 2 major countries. BFSI sector is a major application area where virtual assistant solutions are extensively used. This is due to the faster response time, upgraded customer treatment, and higher customer satisfaction. The consumer electronics segment is mostly driven by the fast-growing infotainment systems in mobiles and tablets. All these will together support in boosting the market growth of intelligent virtual assistants in APAC.
Augmented reality human augmentation market for enterprise to grow at highest CAGR during forecast period
Augmented reality is taking advantage of latest innovations in mobile technology, big data analytics, and the Internet to offer new information-rich communication channels for enterprises. Also, augmented reality helps improve design speeds and reduce the amount of time it takes for a product to get to market by removing the need for a physical prototype. It improves safety and compliance efforts. AR training and knowledge solutions allows technicians to collaborate with experts remotely. Users can share their view of a situation with a remote expert and the AR accordingly maps work instructions and expert collaboration directly onto an object or area.
Augmented reality market in China for energy applications to grow at highest CAGR during forecast period
AR will benefit utilities in improving business processes such as helping to restore power faster, while it can also help in managing the aging workforce and help in knowledge management. The technology helps utilities bring in proficiency in employee training, conduct faster maintenance activities, and offer operational safety, thereby driving the market growth in this country. 2D diagrams of complex components can be enriched with 3D models. Employees can rotate and interact with the 3D models to gain a better understanding of the equipment. This enables more in-depth training and faster information retention.
Key Benefits of Buying the Report
- The report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall human augmentation market and its segments.
- This report is also expected to help stakeholders understand the competitive landscape of the market and gain insights to enhance the position of their businesses and plan suitable go-to-market strategies.
- The report also helps them understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Key Topics Covered:
1.1 Study Objectives
1.3 Study Scope
2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumption
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Human Augmentation Market
4.2 Market for Body Worn, By Technology (USD Billion)
4.3 Market in APAC
4.4 Market, By Geography
5 Human Augmentation Market Overview
5.2 Market Dynamics
6 Human Augmentation Market, By Technology
6.3 Virtual Reality
6.4 Augmented Reality
6.5 Exoskeleton Human Augmentation Market
6.6 Intelligent Virtual Assistant
7 Human Augmentation Market, By Functionality
7.2 Body Worn
7.3 Non-Body Worn
8 Geographic Analysis
8.2 North America
9 Competitive Landscape
9.2 Market Ranking Analysis: Human Augmentation Market
9.3 Competitive Leadership Mapping
9.4 Strength of Product Portfolio
9.5 Business Strategy Excellence
9.6 Competitive Situations and Trends
10 Company Profiles
10.1 Key Players
10.1.1 Google Inc.
10.1.2 Samsung Electronics Co. Ltd.
10.1.3 Ekso Bionics Holdings, Inc.
10.1.4 Vuzix Corporation
10.1.6 Fossil Group, Inc.
10.1.7 B-Temia Inc.
10.1.9 Magic Leap Inc.
10.1.10 Rewalk Robotics Ltd.
10.2 Right to Win
10.3 Other Players
10.3.1 Polar Electro
10.3.2 P&S Mechanics
10.3.3 Jawbone, Inc.
10.3.4 Life Sense Group B.V
10.3.7 Rex Bionics
10.3.9 Guangdong BBK Electronics Co., Ltd
10.3.10 Atheer, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/4i8rv2