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, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Exoskeleton market is expected to reach at USD 16,665.48 million by 2027, with market growth at a rate of 41.7% in the forecast period of 2020 to 2027. Increasing adoption of exoskeleton and growing prevalence of stroke are driving the growth of the exoskeleton market.
Exoskeleton is wearable device that work in tandem with user and amplifiers that reinforce, restore and augment the human performance. They are also referred as robotics suit, exo-frame, powered armor, wearable machine and power jackets and others.
Growing demand from healthcare sector for orthopaedic rehabilitation, rising investments of military and defense sector in the exoskeleton are driving the growth of the market. Growing usage of the exoskeleton in industries such as automobile and construction is anticipated to drive the growth of the market. In military the use of exoskeleton helps in assisting injured soldiers and lifting heavy objects is a key driver for the market. Development of start technologies to aid patients is further augmenting the growth of the market.
Growing prevalence of spinal cord injury will create growth opportunities for exoskeleton market in the forecast period of 2020-2027. Stringent government regulations for medical applications 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 localised 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, geographic 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 Size
Exoskeleton market is segmented on the basis of technology (type), technology (drive type) and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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
Exoskeleton market is analysed and market size, volume information is provided by country as technology (type), technology (drive type) and end-user as referenced above.
The countries covered in the exoskeleton market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is dominating the exoskeleton market due to growing geriatric population and high purchasing power of patients and 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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
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, 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 covered 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., Bionik Laboratories Corp. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Exoskeleton Market
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