Global Exoskeleton Market, By Technology (Type), (Mobile Exoskeleton and Stationary Exoskeleton), Technology (Drive Type), (Pneumatic Actuator, Hydraulic, Electric Servo, Electric Actuator, Fully Mechanical and Shape Memory Alloy Actuator), End-User (Healthcare, Military and Industrial), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses the exoskeleton market will exhibit a CAGR of 41.7% in the forecast period of 2022-2029.
Exoskeleton is a type of a wearable device which work in tandem with user and amplifiers that reinforce, restore and augment the human performance. They are also referred as exo-frame, robotics suit, powered armor, wearable machine and power jackets and others.
In military the use of exoskeleton helps in assisting injured soldiers and lifting heavy objects which is amongst the key driver for the exoskeleton market. The growing demand from healthcare sector for orthopaedic rehabilitation, development of start technologies to aid patients, high investments of military and defense sector in the exoskeleton are the major factors driving the growth of the exoskeleton market. The rising usage of the exoskeleton in industries such as automobile and construction is also expected to drive the growth of the exoskeleton market.
In addition, the rise in the prevalence of spinal cord injury, Introduction of soft actuators and growing insurance coverage for exoskeletons will create growth opportunities for exoskeleton market in the forecast period of 2022-2029. However, the stringent government regulations for medical applications and high equipment cost will act as a restraint, and will further challenge the growth of exoskeleton market in the forecast period mentioned above.
This exoskeleton market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on exoskeleton market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Exoskeleton market Scope and Market Size
The exoskeleton market is segmented on the basis of technology (type), technology (drive type) and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis technology (type), the exoskeleton market is segmented into mobile exoskeleton and stationary exoskeleton.
- On the basis technology (drive type), the exoskeleton market is segmented into pneumatic actuator, hydraulic, electric servo, electric actuator, fully mechanical and shape memory alloy actuator.
- Based on end-user, the exoskeleton market is segmented into healthcare, military and industrial. Healthcare is further segmented into rehabilitation centers, elderly care and assisted living facilities. Industrial is further segmented into production, construction and logistics.
Exoskeleton Market Country Level Analysis
The exoskeleton market is analysed and market size, volume information is provided by country, technology (type), technology (drive type) and end-user as referenced above.
The countries covered in the exoskeleton market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the exoskeleton market and will continue to flourish its trend of dominance during the forecast period due to growing geriatric population and high purchasing power of patients. Asia-Pacific will, however, register the highest CAGR for this period due to the presence of large number of private and public organizations.
The country section of the exoskeleton market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Exoskeleton market Share Analysis
The exoskeleton market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to exoskeleton market.
The major players operating in the exoskeleton market report are Knots Plus Ltd., Atoun Inc., Ekso Bionics Holdings Inc., Panasonic Corporation, Cyberdyne, Inc., ReWalk Robotics, Rex Bionics plc., Lockheed Martin Corporation, U.S Bionics, Inc., RB3D, Hocoma, B-Temia Inc., DIH Medical, Wearable Robotics srl, OTTOBOCK, Suitx Inc., Gogoa.eu, Technaid, Honda Motor Company, Ltd., Myomo, Inc., and Bionik Laboratories Corp., among others.