Market Overview:
The global soft exoskeleton (exosuits) and wearable robots market is expected to register a CAGR of XX% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for wearable robots in industrial and military applications. Additionally, the growing awareness about the benefits of using soft exoskeletons for rehabilitation purposes is also contributing to the growth of this market. However, high cost associated with these devices may restrain the growth of this market during the forecast period. Based on type, upper body segment is expected to account for a major share in global soft exoskeleton (exosuits) and wearable robots market during 2018-2030. This can be attributed to increasing demand from healthcare sector for assisting patients with mobility issues. Lower body segment is projected to grow at highest CAGR owing to its growing application in industrial sector across various industries such as automotive, aerospace & defense, and logistics & transportation among others. By application, healthcare segment accounted for majority share in 2017 and it is projected grow at significant rate over next few years owing rising geriatric population base across globe coupled with increasing incidences of lifestyle diseases that require assistance from external devices/robots for mobility support . Industrial application held second largest share in 2017; however it is projected lose its dominance by 2030 due slow down economies worldwide which will hamper investments on robotics technologies by manufacturing companies .
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Product Definition:
A soft exoskeleton is a wearable robot that helps people with physical tasks such as walking, carrying heavy loads or reaching high places. It is made of flexible materials such as cloth and plastic, and attaches to the body with straps or clasps. A soft exoskeleton can be used to help people who have difficulty walking or carrying heavy objects, and it may also be used in rehabilitation therapy.
Upper & Lower Body:
Upper and lower body are the parts of a soft exoskeleton or wearable robot. The upper body is generally worn by the operator while performing some task, such as operating valves or moving arms. On the other hand, lower body provides stability to the system and can be used for locomotion if required.
The market size spans product type (wearable robots/soft exoskeleton), application area (manufacturing/medical & defense sector).
Full Body:
Full Body Control (FBC) is a system that controls the entire body through wireless communication. It enables users to move their bodies in any direction and walk with the help of robotic devices. The FBC systems are used in exosuits, which are wearable robots designed for assisting people with physical disabilities. These robots have several advantages over traditional wheelchair-based solutions such as increased mobility and comfort level, better safety features, and reduced energy consumption among others.
Application Insights:
The others segment includes applications such as entertainment, sports and recreation, construction and agriculture. The healthcare segment is expected to be the fastest-growing application over the forecast period owing to increasing demand for exoskeletons in rehabilitation activities. Also, growing awareness about these devices among patients suffering from mobility disabilities is expected to boost product demand in this application segment.
The military and defense segment accounted for a significant share of the global revenue in 2017 due to increasing government expenditure on advanced robotic systems for military purposes. Furthermore, rising concerns regarding soldier safety coupled with high performance requirements are anticipated to drive market growth over the forecast period.
Industrial applications include assembly lines or workstations where employees require enhanced physical strength or endurance while performing repetitive tasks throughout long hours at a stretch without any rest periods.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of arthritis, which has led to an increase in demand for exoskeletons that provide assistance and support for walking and other activities. In addition, a rise in military operations across various countries is anticipated to drive the product demand over the next eight years.
The Asia Pacific market was valued at USD X million in 2017 owing to growing geriatric population, improving healthcare infrastructure, rising disposable income levels among consumers as well as investments by industry players towards commercialization of products at a relatively lower price range compared with North America and Europe regions. Furthermore, supportive government initiatives aimed at promoting employment of disabled people are also expected favorably impact regional growth over the forecast period.
Growth Factors:
- Increasing demand from the healthcare sector for rehabilitation and assistive devices
- Growing popularity of exosuits among athletes and sports enthusiasts
- Rising number of military applications for wearable robots
- Proliferation of soft exoskeleton technology across different industrial sectors
- accelerating research and development activities in the field of wearable robotics
Scope Of The Report
Report Attributes
Report Details
Report Title
Soft Exoskeleton (Exosuits) and Wearable Robots Market Research Report
By Type
Upper & Lower Body, Full Body
By Application
Healthcare, Industrial, Military, Others
By Companies
Hocoma, Cyberdyne, Ekso Bionics, LockHeed Martin, ReWalk Robotics, Parker Hannifin, Bionik, ATOUN, Myomo, B-TEMIA Inc., Daiya Industry, Bioservo Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Soft Exoskeleton (Exosuits) and Wearable Robots Market Report Segments:
The global Soft Exoskeleton (Exosuits) and Wearable Robots market is segmented on the basis of:
Types
Upper & Lower Body, Full Body
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare, Industrial, Military, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hocoma
- Cyberdyne
- Ekso Bionics
- LockHeed Martin
- ReWalk Robotics
- Parker Hannifin
- Bionik
- ATOUN
- Myomo
- B-TEMIA Inc.
- Daiya Industry
- Bioservo Technologies
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Highlights of The Soft Exoskeleton (Exosuits) and Wearable Robots Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Upper & Lower Body
- Full Body
- By Application:
- Healthcare
- Industrial
- Military
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Soft Exoskeleton (Exosuits) and Wearable Robots Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A soft exoskeleton is a wearable device that helps people with disabilities or injuries to move more easily and independently. Soft exoskeletons can be used to help people walk, climb stairs, or lift heavy objects. They are also being developed as medical devices for treating conditions such as spinal cord injury and cerebral palsy. Wearable robots are small robots that you can wear on your body like a suit of armor. They allow you to do things like walk, climb stairs, and carry heavy objects without having to use your hands.
Some of the key players operating in the soft exoskeleton (exosuits) and wearable robots market are Hocoma, Cyberdyne, Ekso Bionics, LockHeed Martin, ReWalk Robotics, Parker Hannifin, Bionik, ATOUN, Myomo, B-TEMIA Inc., Daiya Industry, Bioservo Technologies.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Soft Exoskeleton (Exosuits) and Wearable Robots Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Soft Exoskeleton (Exosuits) and Wearable Robots Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Soft Exoskeleton (Exosuits) and Wearable Robots Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Soft Exoskeleton (Exosuits) and Wearable Robots Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Soft Exoskeleton (Exosuits) and Wearable Robots Market Size & Forecast, 2020-2028
4.5.1 Soft Exoskeleton (Exosuits) and Wearable Robots Market Size and Y-o-Y Growth
4.5.2 Soft Exoskeleton (Exosuits) and Wearable Robots Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Upper & Lower Body
5.2.2 Full Body
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Industrial
6.2.3 Military
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Soft Exoskeleton (Exosuits) and Wearable Robots Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Soft Exoskeleton (Exosuits) and Wearable Robots Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Upper & Lower Body
9.6.2 Full Body
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Industrial
9.10.3 Military
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Upper & Lower Body
10.6.2 Full Body
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Industrial
10.10.3 Military
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Upper & Lower Body
11.6.2 Full Body
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Industrial
11.10.3 Military
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Upper & Lower Body
12.6.2 Full Body
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Industrial
12.10.3 Military
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Upper & Lower Body
13.6.2 Full Body
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Industrial
13.10.3 Military
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Soft Exoskeleton (Exosuits) and Wearable Robots Market: Competitive Dashboard
14.2 Global Soft Exoskeleton (Exosuits) and Wearable Robots Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hocoma
14.3.2 Cyberdyne
14.3.3 Ekso Bionics
14.3.4 LockHeed Martin
14.3.5 ReWalk Robotics
14.3.6 Parker Hannifin
14.3.7 Bionik
14.3.8 ATOUN
14.3.9 Myomo
14.3.10 B-TEMIA Inc.
14.3.11 Daiya Industry
14.3.12 Bioservo Technologies
