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Exoskeleton Robots - Global Strategic Business Report

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    Report

  • 425 Pages
  • July 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804950
The global market for Exoskeleton Robots was valued at an estimated US$630.4 Million in 2023 and is projected to reach US$4.6 Billion by 2030, growing at a CAGR of 32.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the exoskeleton robots market is driven by several factors, reflecting the increasing demand and technological advancements in various sectors. One significant driver is the aging global population, which boosts the need for mobility aids and rehabilitation devices to improve the quality of life for the elderly and disabled. The industrial sector`s focus on worker safety and productivity is another critical factor, as exoskeletons help reduce workplace injuries and enhance efficiency.

Military and defense applications continue to drive innovation and investment in exoskeleton technology, with governments and organizations seeking to improve soldier performance and capabilities. Additionally, the rapid advancements in robotics, AI, and materials science have made exoskeletons more affordable, efficient, and versatile, further propelling market growth. The increasing number of regulatory approvals and positive clinical outcomes also bolster market confidence and adoption. These factors collectively ensure the robust expansion and continued evolution of the exoskeleton robots market, promising significant advancements in human augmentation and assistive technologies.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Exoskeleton Robots Hardware segment, which is expected to reach US$3.2 Billion by 2030 with a CAGR of a 30.7%. The Exoskeleton Robots Software segment is also set to grow at 39.0% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $263.8 Million in 2023, and China, forecasted to grow at an impressive 41.4% CAGR to reach $783.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Exoskeleton Robots Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Exoskeleton Robots Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Exoskeleton Robots Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Bionik Laboratories Corp., Bioservo Technologies AB, B-Temia Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 100 Featured):

  • Bionik Laboratories Corp.
  • Bioservo Technologies AB
  • B-Temia Inc.
  • Cyberdyne Inc.
  • Ekso Bionics Holdings Inc.
  • Gogoa Mobility Robots (Spain)
  • Hocoma AG
  • Lockheed Martin Corporation
  • Ottobock SE & Co. KGaA
  • RB3D
  • Rehab-Robotics Company Limited
  • ReWalk Robotics Ltd.
  • Rex Bionics Ltd.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • The Age of Robotics is Here!
  • Exciting New Technologies Shaping Growth
  • The Growing Clout of Robotics Technology Lays the Foundation for the Growth of Exoskeleton Robots: Global Market Opportunity for Robotics (In US$ Billion) for Years 2023, 2025, 2027, 2029, and 2032
  • Exploring the Future of Human Augmentation: Bridging Science Fiction and Reality
  • Exoskeleton Robots: Wearable Machines to Augment Human Strength
  • Active & Passive Exoskeletons
  • Key Applications of Exoskeleton Robots
  • Global Economic Update
  • Here’s How Inflationary Pressures Affect the Economy
  • Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
  • Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
  • What’s Causing Inflationary Pressures in the Global Market
  • Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 through 2024
  • Global Economy Faces a Tough Climb Towards Recovery Made Rockier by the War, Persistent Challenges & Slower Decline in Underlying Core Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Pandemic Compels Senior Care Facilities to Use Modern Technologies for Better Care
  • Disruptions in Military Training Inflicts Direct Blow on Exoskeleton Robotics Market
  • Rising Demand Amps Up Global Robotic Exoskeletons Market to Action-Packed Future
  • Mobile Exoskeletons Dominate and Buoy the Market
  • High Adoption in Medical & Military Applications
  • North America Remains the Most Lucrative Market
  • Competition
  • Exoskeleton Robots - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • A Glance at Select Exoskeletons in Various Sectors
  • Recent Market Activity
  • Influencer/Product/Technology Insights
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • The Growing World of Human Augmentation Bodes Well for Exoskeleton Designs for Enhancing Human Performance
  • Why Exoskeleton Robots Hold Relevance
  • Advancing Technology for Human Augmentation Paving the Way for New Design Concepts in Exoskeletons
  • How AI Technology is Revolutionizing Robotic Exoskeletons
  • Recent Technological Advancements in Exoskeleton Robots Fuel Growth Prospects
  • Innovations in Exoskeleton Robots Opening New Avenues for Jaw Rehabilitation
  • Researchers Develop Wearable Robot to Support Walking
  • AI-Based Exoskeleton Holds Capability to Estimate User Intentions
  • Sarcos Robotics Unveils Guardian XO
  • Innovative Robotic Boot Turns Heads with Incredible Improvement in Walking Speed
  • Healthcare Sector Steers Momentum in the Exoskeleton Robots Market
  • Rehabilitation Exoskeleton Robots Set to Make Big Gains
  • Potential Implications of Exoskeleton Robots for Physical Rehabilitation
  • Exoskeleton Robots Helping Paraplegics to Walk Again
  • Increasing Incidence of Neurological, Musculoskeletal and Chronic Medical Conditions to Steer Adoption
  • Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022
  • Percentage (%) of Women Affected by Osteoporosis
  • Importance of Physical Therapy for Stroke Survivors Bodes Well
  • Select Arm and Hand Robotic Devices
  • Select Leg and Foot Robotic Devices
  • Rising Incidence of Physical Disabilities Steers Importance of Rehabilitation Robots
  • Percentage of Population with Disabilities by Age Group
  • Growing Geriatric Population & Parallel Rise in Prevalence of Age-Related Conditions: Strong Business Case for Rehabilitation Exoskeleton Robots
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Rising Care Costs & Shortage of Home Care Workers for Disabled and Elderly Turn Focus onto Rehabilitation Robots
  • Annual Cost of Full-Time Home Health Aide (in $) in the US for 2004-2022
  • Long-term Care Workers in the US: Percentage Breakdown of Workforce by Type for 2020
  • Resolving Prevailing Issues & Challenges: Critical for Future Success of Rehabilitation Exoskeleton Robots
  • Exoskeleton Robots Poised to Transform Industrial Sector
  • Exoskeleton Robots to Play a Vital Role in Transforming Industries and Society
  • Why Robotic Exoskeletons are a Huge Draw for Modern Industrial Landscape?
  • Industrial Exoskeleton Robots Promise Increased Worker Productivity & Reduced Workplace Injuries
  • Current Trends in Industrial Automation & Industry 4.0 Favor Uptake
  • Global Industry 4.0 Market Size in US$ Billion for the Years 2022, 2024, 2026 and 2028
  • As Defense Departments Lean towards Advanced Technologies, Opportunities Galore for Military Exoskeleton Robots
  • Military Spending by Top Countries in 2023 (In US$ Billion)
  • New Range of Military Exoskeletons Come to the Fore to Address Stringent Requirements of Infantry Squads
  • Emphasis on Soldier Protection & Strengthening Infantry Capabilities Widen the Business Case
  • Global Active Ready-to-Fight Military Manpower: Active Military Personnel (In 000s) by Country
  • Exoskeleton Robots Augment Military Wearable Technology
  • AI Steps into Reinforce Military Exoskeleton Robots
  • US Marines Test Real-Life Exoskeleton Robots
  • Construction Sector: A Niche Domain for Exoskeleton Robots
  • Advancements in Exoskeleton Technology for Construction Industry
  • Exoskeleton Suits Make Big Inroads in Automotive Industry to Lighten Worker Load
  • Movers Move without Pauses with Robotic Exoskeleton Technology
  • Smart Exoskeleton Market Poised to Witness Robust Growth
  • Smart Textiles to Play an Important Role in the Development of Smart Exoskeletons
  • Global Smart Textiles Market (In US$ Billion) for the Years 2021, 2023, 2025 and 2027
  • Major Challenges Associated with Exoskeleton Robots
  • Lack of Standards Holding Back Exoskeleton Adoption
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Exoskeleton Robots Market Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Exoskeleton Robots by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 3: World 7-Year Perspective for Exoskeleton Robots by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Hardware by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World 7-Year Perspective for Hardware by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 6: World Recent Past, Current & Future Analysis for Software by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 7: World 7-Year Perspective for Software by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Mobile by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 9: World 7-Year Perspective for Mobile by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Fixed / Stationary by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World 7-Year Perspective for Fixed / Stationary by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 12: World Recent Past, Current & Future Analysis for Lower Body by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 13: World 7-Year Perspective for Lower Body by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Upper Body by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 15: World 7-Year Perspective for Upper Body by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Full Body by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World 7-Year Perspective for Full Body by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 18: World Recent Past, Current & Future Analysis for Healthcare by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 19: World 7-Year Perspective for Healthcare by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Military & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 21: World 7-Year Perspective for Military & Defense by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World 7-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Exoskeleton Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • Aging Demographics and Rise in People with Disabilities to Drive Adoption of Exoskeleton Robots in Healthcare Setup
  • US Population by Age Group (in %) for 2018, 2030 & 2050
  • Emphasis on Home Healthcare Augurs Well for Market Expansion
CANADA
JAPAN
  • Exoskeleton Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
  • Market Overview
  • Aging Population in Japan: 65+ Individuals as % of Total Population for 2012-2022
CHINA
  • Exoskeleton Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Exoskeleton Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • Market Overview
  • Aging Population: A Key Driver of Healthcare Exoskeleton Robotics Market Growth
  • Elderly Population in Europe: 65+ People as % of Total Population in Select European Countries for 2022
FRANCE
  • Exoskeleton Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Exoskeleton Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Exoskeleton Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Exoskeleton Robots Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • India: Assistive Technologies for Disabled Individuals
REST OF WORLDIV. COMPETITION

Companies Mentioned

  • Bionik Laboratories Corp.
  • Bioservo Technologies AB
  • B-Temia Inc.
  • Cyberdyne Inc.
  • Ekso Bionics Holdings Inc.
  • Gogoa Mobility Robots (Spain)
  • Hocoma AG
  • Lockheed Martin Corporation
  • Ottobock SE & Co. KGaA
  • RB3D
  • Rehab-Robotics Company Limited
  • ReWalk Robotics Ltd.
  • Rex Bionics Ltd.

Table Information