DUBLIN--(BUSINESS WIRE)--The "Global Human Augmentation Market (2022-2027) by Product Type, Functionality, Application, Geography Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Human Augmentation Market is estimated to be USD 135.1 Bn in 2022 and is projected to reach USD 357.13 Bn by 2027, growing at a CAGR of 21.46%.
Market dynamics are forces that impact the prices and behaviors of the Global Human Augmentation Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Human Augmentation Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Human Augmentation Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Human Augmentation Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.
Market Dynamics
Drivers
- High Demand For Wearable Augmentation Devices In Healthcare Sector
- Recent Advent Of AI-Powered Wearable Devices For Restoring Vision And Hearing
- Relaxing Brainwaves To Reduce Anxiety And Reviving Mixed Reality Increasing Manufacturing of Miniaturization of Sensors and Fast Processing Chipsets
Restraints
- High Cost of Human Augmentation Devices
- Health Concerns Related to AR and VR Technologies
Opportunities
- Rising Use of Human Augmentation Technologies to Ensure Safety and Improve Strength of Military Personnel
- Growing Implementation of Human Augmentation Technologies in Industrial Applications
Challenges
- Risk of Data Breach and Identity Theft
- Dearth of Skilled Personnel for Constant Modifications in Devices
- Development of Human Augmentation Products at Larger Scale and Offering Them at Lower Prices
Market Segmentations
The Global Human Augmentation Market is segmented based on Product Type, Functionality, Application, and Geography.
- By Product Type, the market is classified into Wearable Devices, Virtual Reality Devices, Augmented Reality Devices, Exoskeletons, and Intelligent Virtual Assistants.
- By Functionality, the market is classified into Body-Worn Products and Non-Body-Worn Products.
- By Application, the market is classified into Consumer, Commercial, Medical, Aerospace & Defense, and Industrial.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.
Companies Mentioned
- Atheer Inc
- Atoun
- B-Temia Inc
- Casio
- Cyberdyne Inc
- Cyberglove Systems Llc
- Ekso Bionics Fossil Group Inc
- Gaemin Ltd
- Google LLC
- GOQII
- Inbenta Holdings Inc
- Lifesense Group
- Magic Leap
- Merge Labs Inc
- Mobvoi
- Mycroft Ai Inc
- P&S Mechanics Co. Ltd
- Polar Electro
- Raytheon Technologies
- Rewalk Robotics
- Rex Bionics Pty. Ltd
- Samsung Electronics Co.,Ltd
- Scope Ar
- Second Sight Medical Products
- Vuzix Corp Wearable Robotics Srl
For more information about this report visit https://www.researchandmarkets.com/r/9f97rf
