Industry Background:
A growing number of aging and disabled people and upsurge in research & development, and raid technology revolutions in the industry will help to boost global robotic wheelchair market. The robotic wheelchair is powered wheelchairs with additional features of navigational intelligence. These wheelchairs are designed with sensors, assistive technologies, and controllers to manage movement. Robotic wheelchairs are flexible to be transformed into a bed, do not need support from others, and can be controlled with the help of mobile applications or WiFi. Additional features include cloud computing, mapping, and machine learning.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | DEKA Research & Development (United States), Invacare Corporation (United States), Matia Robotics (United States), Pride Mobility Products Corporation (United States), Sunrise Medical (Germany), Permobil Corporation (Sweden), UPnRIDE Robotics (Israel), Ottobock SE & Co. KGaA. (Germany), WHILL (United States) and Farnell UK (United Kingdom) |
According to AMA, the market for Robotic Wheelchairs is expected to register a CAGR of 16.84% during the forecast period to 2027. This growth is primarily driven by Increasing Population of Physically Disabled People, Rising Aging Population and Upsurge in Spinal Cord Injuries.
Globally, a noticeable market trend is evident Growing Demand Of Solar Powered Robotic Wheelchair
The Robotics & Automation sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as DEKA Research & Development (United States), Invacare Corporation (United States), Matia Robotics (United States), Pride Mobility Products Corporation (United States), Sunrise Medical (Germany), Permobil Corporation (Sweden), UPnRIDE Robotics (Israel), Ottobock SE & Co. KGaA. (Germany), WHILL (United States) and Farnell UK (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global robotic wheelchairs market is highly concentrated and the market currently in its initial stage of growth, the competition is anticipated to become less intense by the end of the prognostication period. To gain the market share companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies.
Influencing Trend:
Growing Demand Of Solar Powered Robotic Wheelchair, Rising Trend of Automation Enabling Enhanced Returns on Investments and High Adoption Due To Advanced Facility
Market Growth Drivers:
Increasing Population of Physically Disabled People, Rising Aging Population and Upsurge in Spinal Cord Injuries
Challenges:
Complexity in Product Design and Real-time Performance Difficulties
Restraints:
High Selling and Operational Cost of Robotic Wheelchair
Opportunities:
Huge Opportunity Due To Technological Advancement Including IOT Compatibility, Navigation, Obstacle Sensors and Higher Awareness Regarding Smart Wheelchairs with Advancements in Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Robotic Wheelchairs Market
- Analysis about New Entrants in Robotic Wheelchairs Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Robotic Wheelchairs Study Sheds Light on
The Robotic Wheelchairs Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Robotic Wheelchairs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Robotic Wheelchairs industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.