Market Snapshot:
An exoskeleton robot is a wearable ambulatory machine. For limb movement with high strength and endurance, it is powered by combination of various technologies includes electric motors, pneumatic, levers, hydraulics. Of late, various countries including United States, Japan South Korea and others have succeed in the development of exoskeleton robot in numerous fields such as medical, logistical and engineering purposes because of their short range and battery life. Increasing investment in the advancement in technologies by top market players helps in introduction of new application areas, this will lead to significant growth in exoskeleton robot market in the upcoming years.
Highlights from Exoskeleton Robots Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 23.9% |
The key Players profiled in the report are Cyberdyne (Japan), Hocoma (Switzerland), Intuitive Robots (France), ReWalk Robotics (Israel), Ekso Bionics (United States), LockHeed Martin (United States), Parker Hannifin (United States), Interactive Motion Technologies (United States), Panasonic (Japan), Myomo (United States) and B-TEMIA Inc. (Canada). Additionally, other players that are part of this comprehensive study are Alter G (United States) and US Bionics (United States).
Geographic Breakdown and Segment Analysis
The Global Exoskeleton Robots market presents a comprehensive analysis of the Exoskeleton Robots market by product type (Lower, Upper and Full Body), by end-user/application (Healthcare, Defense, Industrial and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Exoskeleton Robots industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Exoskeleton Robots market
Analyst at AMA have segmented the market study of Global Exoskeleton Robots market by Type, Application and Region.
Influencing Trend:
Rapid Technological Advancements in Artificial Intelligence and Robotics for More Energy-efficient and Variable Prototype
Market Growth Drivers:
Growing Demand for Exoskeleton for Rehabilitation Therapy and Increasing Geriatric Population who Requires Therapy
Challenges:
High Equipment Cost in the Production of Exoskeleton Robots
Restraints:
Strict Government Regulation and Most of the Devices are Limited to Laboratory Testing and a Very Few of them are Available for Human Use
Opportunities:
Increasing Adoption of Human Augmentation in Industrial and Military Sectors and Rise in Investment in Enhancement of Exoskeleton Technologies
Market Developments Activities:
In August 2023, Skeletonics introduced its new full-body exoskeleton, offering support for both the upper and lower body. This versatile exoskeleton has potential applications in rehabilitation, healthcare, and industrial settings.
In July 2023, Ford partnered with Ekso Bionics to develop exoskeletons for factory workers to reduce fatigue and prevent injuries. This collaboration aims to improve worker safety and productivity in the manufacturing sector.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Key Target Audience
Exoskeleton Robots Manufacturers, Exoskeleton Robots International Traders, Exoskeleton Robots Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others