The global demand for Exoskeleton Robots Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Exoskeletons robots are a unique form of service robots developed as augmentative devices. Exoskeletons robot is featured with the direct interaction between human and device. It involves sensors, actuators, mechanical structures, algorithms, and control strategies capable of acquiring information to execute a function. The interaction of the exoskeleton with the user involves three main modules: sense, decision, and execution. They are used for military, industrial, construction, and personal use applications. Exoskeletons robots may help enhance the physical performance of the wearer for stride recovery or locomotion assistance. Exoskeletons robots are also referred to as wearable electromechanical devices deployed in a wide range of applications, intended to mimic, augment or enhance the body's movements.
Market Dynamics
The global exoskeleton robots market is at its infant stage. The market is projected to witness healthy growth during the forecast period. Rising recognition from the healthcare sector is a significant factor driving the global exoskeleton robots market. Exoskeletons robot technology is identified as revolutionizing rehabilitation tool. The exoskeleton robot is beneficial for muscle movements and assisting in injury recovery as it aids in movement and prevents common accidents. The technology has enormous potential in military and industry applications. Recent advancements in material technologies, control systems, and sensors, software, and electrical and electronics engineering have led to the application of exoskeleton robots in the extensive scale. Some companies are working to make exoskeleton suits for construction and manufacturing use. However, its application is still lacking owing to its prohibitive cost.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of exoskeleton robots. The growth and trends of exoskeleton robots industry provide a holistic approach to this study.
Market Segmentation
This section of the exoskeleton robots market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Full Body
- Lower Extremities
- Upper Extremities
By Mobility
By Power
By Vertical
- Healthcare
- Industrial
- Military
- Consumer
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Exoskeleton Robots market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Exoskeleton Robots Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the exoskeleton robots market include Cyberdyne, Inc., Ekso Bionics, Hocoma AG, Honda Motor Co., Ltd., Lockheed Martin Corporation, Panasonic Corporation, Parker Hannifin Corporation, Rewalk Robotics Ltd., Rex Bionics Ltd., Toyota Motor Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.