Human Augmentation Market by Product, Application, & Geography – Global Forecast to 2020

NEW YORK, March 11, 2015 /PRNewswire/ -- The lucrative growth rate of the augmentation market in the future is the major driving factor for the human augmentation market. Human augmentation has not only made human beings' life easier but has also resulted in its longevity. In the product category of human augmentation, the "wearable augmentation" is expected to have a higher market size as compared to the "in-built augmentation". The major reason behind its large market size is the growing demand for sophisticated gadgets. The eye-wear holds the highest market share in the North American human augmentation market, due to the presence of a large number of market players, which are launching new products in this region. The North American market is estimated to grow at the highest growth rate between 2014 and 2020.

The global human augmentation market is expected to reach up to $1135 million by 2020, at a CAGR of 43.5% between 2014 and 2020.

The global human augmentation market has been segmented into three categories that include: products segment, application, and geography. The product segment includes the in-built augmentation and wearable augmentation types. The application segment includes the medical, defense, industrial, and others segments. The human augmentation market has also been segmented on the basis of geography. The market by geography has been classified into various economic regions such as North America, Europe, APAC, and ROW.

The major players that offer various products in the human augmentation market are B-Temia Inc. (U.S.), BrainGate Company (U.S.), Ekso Bionics Holdings, Inc. (U.S.), Google Inc. (U.S.), Raytheon Company (U.S.), Samsung Electronics Co. Ltd (South Korea), and Vuzix Corporation (U.S.).

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Human Augmentation Market by Product, Application, & Geography - Global Forecast to 2020