The North America Human Augmentation Market would witness market growth of 17.2% CAGR during the forecast period (2021-2027).
Human augmentation is the process that integrates biology, technology, and mechanics to increase human capacity through either natural or artificial means. In recent years, human augmentation has made significant progress, with the most of its uses happening in the army & defence, medical, and industrial sectors. Furthermore, the infrastructure industries and information systems are investing heavily in the development of exoskeletons using human augmentation technology.
Furthermore, the increased use of robots has aided medical research and medical equipment innovation, which has spurred the growth of the human augmentation sector. Furthermore, technological breakthroughs, advances in augmented reality technologies, and improved electronic devices all contribute to the growth of the human augmentation market. The expanding application of human augmentation techniques in developing end-use industries like healthcare, information technology, military and production is also contributing to the growth of the human augmentation market.
In the coming years, maintaining a strategic intelligence competitive advantage over increasingly sophisticated rivals and enemies will be crucial to ensuring and promoting US national security objectives. The incorporation and assimilation of emerging technologies into the way information is collected, evaluated, and given to decision makers will be critical to intelligence success. Many new technologies have the potential to unlock deeper and broader data-driven insights and deliver them to consumers at a faster rate, scale, and specificity.
The US market dominated the North America Human Augmentation Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $94,785.2 million by 2027. The Canada market is expected to witness a CAGR of 19.8% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 18.8% during (2021 - 2027).
Based on Functionality, the market is segmented into Body-worn and Non-body-worn. Based on Product Type, the market is segmented into Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Intelligent Virtual Assistants, and Others. Based on Application, the market is segmented into Consumer, Commercial, Medical, Aerospace & Defense, Industrial, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Human Augmentation Market is Estimated to reach $385.9 Billion by 2027, at a CAGR of 18.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ekso Bionics Holdings, Inc., Cyberdyne, Inc., Magic Leap, Inc., ReWalk Robotics Ltd., Samsung Electronics Co., Ltd. (Samsung Group), Google LLC, Garmin Ltd., Casio Computer Co., Ltd., Fossil Group, Inc., and Vuzix Corporation.
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