Market Overview:
The global wearable robots and exoskeletons market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for industrial, military, and healthcare applications of wearable robots and exoskeletons. Additionally, the growing awareness about the benefits of using wearable robots and exoskeletons is also contributing to the growth of this market. The global wearable robots and exoskeletons market can be segmented on the basis of type into full body, upper body, lower body, and others. On the basis of application, this market can be segmented into industrial applications such as manufacturing & construction; military applications such as infantry support & logistics; healthcare applications such as rehabilitation & physical therapy; assistive devices for disabled people; sports performance enhancement; entertainment purposes (such as gaming); personal assistance (domestic chores); tourism (elderly care). The industrial application segment is expected to account for a major share in terms of revenue in 2018 owing to increased adoption by various industries across different regions.
Product Definition:
Wearable robots and exoskeletons are devices that can be worn by a person to assist or enhance their movement. They may provide power or support for the wearer's muscles, or they may act as an external skeleton to protect the wearer's body. Wearable robots and exoskeletons have many potential applications, including assisting people with disabilities, enhancing military capabilities, and aiding in physical rehabilitation.
Full Body:
Full body, also known as Whole Body Vibration (WBF), is a technique that involves the use of vibrations to mimic natural body movements. It's an effective way to create movement in wearable robots and exoskeletons. Full-body vibration creates a chain reaction within the human body by causing micro-movements at multiple points along the kinetic energy pathways.
Upper Body:
Upper body is the part of a human body that is located above the neck and below the head. It includes chest, arms, shoulders, back and neck. Upper extremity consists of hand-held devices or tools used for manipulation with fingers or hands. The upper extremities are capable of performing complicated tasks which lower extremities are not able to perform easily.
Application Insights:
The industrial application segment accounted for the largest share of over 60.0% in 2017. The growth can be attributed to increasing demand for exoskeletons from defense and automotive applications. For instance, Bionic Commando, a game developed by Capcom, features an exoskeleton as one of its main characters named after the developer himself; this is a clear indication of how popular these devices have become among video gamers and other recreational users as well.
The military application segment is expected to witness significant growth over the forecast period owing to rising concerns regarding soldier safety and performance during training & combat operations coupled with government initiatives aimed at reducing military expenditure globally. Countries such as China and Russia are focusing on developing their armed forces by investing significantly in new technologies such as wearable robots that offer enhanced capabilities while reducing overall costs through economies of scale resulting in higher adoption rates across all branches of service worldwide which will further boost market growth over the coming years.
Regional Analysis:
North America dominated the global wearables robots and exoskeletons market in 2017. The growth can be attributed to increasing research & development activities by various companies, rising adoption of assistive technologies by people with disabilities, and growing demand for highly skilled workers. In addition, presence of major players is also expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising geriatric population in Japan coupled with government initiatives encouraging employment of disabled persons. For instance, according to a survey conducted by Ministry of Health Labor and Welfare (MHLW), it was found that around 3 million people in Japan have some kind of disability (2016). Also Rising awareness about rehabilitation after spinal cord injury along with increasing investments from private sector are other factors driving regional market growth over the forecast period.
Growth Factors:
- Increasing demand for wearable robots and exoskeletons from the healthcare sector to assist patients with mobility issues or paralysis
- Rising demand for wearable robots and exoskeletons from the military and defense sector to improve soldier's strength, endurance, and dexterity
- Growing popularity of wearable robots and exoskeletons among fitness enthusiasts to enhance their workout performance
- Increasing research funding towards development of new applications for wearable robots and exoskeletons
- Proliferation of low-cost, high-quality sensors that can be integrated into wearable robotics and exoskeleton designs
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Robots and Exoskeletons Market Research Report
By Type
Full Body, Upper Body, Lower Body
By Application
Industrial, Military, Healthcare
By Companies
Ekso, Lockheed Martin, Raytheon, Sarcos, BAE Systems, Panasonic, Honda, Daewoo, Noonee, Revision Military, Cyberdyne
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Robots and Exoskeletons Market Report Segments:
The global Wearable Robots and Exoskeletons market is segmented on the basis of:
Types
Full Body, Upper Body, Lower 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
Industrial, Military, Healthcare
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:
- Ekso
- Lockheed Martin
- Raytheon
- Sarcos
- BAE Systems
- Panasonic
- Honda
- Daewoo
- Noonee
- Revision Military
- Cyberdyne
Highlights of The Wearable Robots and Exoskeletons 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:
- Full Body
- Upper Body
- Lower Body
- By Application:
- Industrial
- Military
- Healthcare
- 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 Wearable Robots and Exoskeletons 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
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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?
Wearable robots and exoskeletons are devices that help people with disabilities or injuries to move more easily and independently. They can be used to help people with mobility issues walk, climb stairs, or lift objects.
Some of the major players in the wearable robots and exoskeletons market are Ekso, Lockheed Martin, Raytheon, Sarcos, BAE Systems, Panasonic, Honda, Daewoo, Noonee, Revision Military, Cyberdyne.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Robots and Exoskeletons 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 Wearable Robots and Exoskeletons Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Robots and Exoskeletons 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 Wearable Robots and Exoskeletons 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 Wearable Robots and Exoskeletons Market Size & Forecast, 2020-2028
4.5.1 Wearable Robots and Exoskeletons Market Size and Y-o-Y Growth
4.5.2 Wearable Robots and Exoskeletons 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 Full Body
5.2.2 Upper Body
5.2.3 Lower 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 Industrial
6.2.2 Military
6.2.3 Healthcare
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Robots and Exoskeletons 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 Wearable Robots and Exoskeletons 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 Full Body
9.6.2 Upper Body
9.6.3 Lower 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 Industrial
9.10.2 Military
9.10.3 Healthcare
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 Full Body
10.6.2 Upper Body
10.6.3 Lower 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 Industrial
10.10.2 Military
10.10.3 Healthcare
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 Full Body
11.6.2 Upper Body
11.6.3 Lower 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 Industrial
11.10.2 Military
11.10.3 Healthcare
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 Full Body
12.6.2 Upper Body
12.6.3 Lower 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 Industrial
12.10.2 Military
12.10.3 Healthcare
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 Full Body
13.6.2 Upper Body
13.6.3 Lower 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 Industrial
13.10.2 Military
13.10.3 Healthcare
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 Wearable Robots and Exoskeletons Market: Competitive Dashboard
14.2 Global Wearable Robots and Exoskeletons Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ekso
14.3.2 Lockheed Martin
14.3.3 Raytheon
14.3.4 Sarcos
14.3.5 BAE Systems
14.3.6 Panasonic
14.3.7 Honda
14.3.8 Daewoo
14.3.9 Noonee
14.3.10 Revision Military
14.3.11 Cyberdyne
