Market Overview:
The global powered exoskeleton 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 powered exoskeletons from various end-use industries such as industry, military, healthcare and others. In addition, the increasing awareness about the benefits of using powered exoskeletons is also contributing to the growth of this market. Some of the major factors that are restraining the growth of this market are high cost and lack of standardization. On basis on type, full body segment is expected to hold majority share in global Powered Exoskeleton Market by 2030 owing higher adoption rate across different applications such as industry, military and healthcare segments.
Product Definition:
A powered exoskeleton is a wearable machine that helps its operator move around and lift heavy objects. Powered exoskeletons are used in many industries, including construction, manufacturing, and healthcare. They are also being explored for use in military applications.
Full Body:
Full Body Exoskeleton (FBX) is a mechanical system that enhances body capabilities by providing enhanced stability and support. FBX helps in increasing the strength and flexibility of human body, which further helps in improving performance of physically-abled people. The market for powered exoskeleton has been growing at a significant rate owing to rising geriatric population across the globe, especially in European countries such as Germany, France and Italy.
Upper Body:
Upper body is the part of the powered exoskeleton which includes wearer’s head, shoulders, arms and chest. The upper body segment is expected to grow at a CAGR of XX% during the forecast period owing to increasing demand for rehabilitation services and rising prevalence of chronic diseases such as Parkinson's disease. Moreover, growing awareness regarding powered exoskeleton benefits in treatment & prevention of these diseases will drive market growth further.
Application Insights:
The industry application segment accounted for the largest share of over 50% in 2017. The growing adoption of exoskeletons for rehabilitation and physical therapy, industrial work, military applications, and healthcare is expected to drive the market growth over the forecast period.
The industry exoskeleton includes medical devices as well as systems used in construction or mining that provide assistance to people with mobility problems. Growing geriatric population across the globe is a major factor driving this segment. For instance, according to United Nations (UN), there will be more than 70 million people above 60 years of age by 2050 globally which number is expected to increase by around 20%. This demographic group suffers from various ailments including balance disorders and incontinence which are common conditions among older adults making them susceptible to accidents or injuries at workplace resulting in higher adoption rate of powered exoskeletons among other uses.
Regional Analysis:
North America dominated the global powered exoskeleton market in 2016 with a revenue share of over 40%. The rising cases of arthritis and growing geriatric population in the region are expected to drive demand for powered exoskeletons. According to an article published by Arthritis Foundation, around 6.5 million adults were living with active rheumatoid arthritis (RA) in 2015. It was estimated that approximately 1 million adults were newly diagnosed with RA each year during the study period.
However, Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing government initiatives towards rehabilitation after accidents and surgeries as well as growing medical tourism especially for spine surgery using these devices due to their increasing availability at affordable prices compared to Europe and North America.
Growth Factors:
- Increasing demand from the military and defense sector for powered exoskeletons to enhance the strength and endurance of soldiers
- Growing demand for powered exoskeletons in medical rehabilitation to help patients with mobility issues regain their strength and mobility
- Rising popularity of powered exoskeletons among workers in industries such as construction, manufacturing, and logistics that require heavy lifting or repetitive tasks
- Advances in technology that have led to the development of lighter, more portable, and more affordable powered exoskeletons
- The increasing number of aging population who are susceptible to falls and injuries, which is driving demand for Powered Exoskeleton products that can help them stay mobile
Scope Of The Report
Report Attributes
Report Details
Report Title
Powered Exoskeleton Market Research Report
By Type
Full Body, Upper Body, Lower Body
By Application
Industry, Military, Health care, Others (space, shipping)
By Companies
EKSO BIONICS, CHINA NORTH INDUSTRIES GROUP CORPORATION (NORINCO), CYBERDYNE INC., DAEWOO, HONDA, NOONEE, PARKER HANNIFIN, REX BIONICS, ATOUN INC., BIONIC POWER, FANUC, GENERAL ATOMICS, LOCKHEED MARTIN, MYOMO INC., ORTHOCARE INNOVATIONS, REHA TECHNOLOGY, REWALK, ROBOTDALEN, SARCOS
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Powered Exoskeleton Market Report Segments:
The global Powered Exoskeleton 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
Industry, Military, Health care, Others (space, shipping)
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 BIONICS
- CHINA NORTH INDUSTRIES GROUP CORPORATION (NORINCO)
- CYBERDYNE INC.
- DAEWOO
- HONDA
- NOONEE
- PARKER HANNIFIN
- REX BIONICS
- ATOUN INC.
- BIONIC POWER
- FANUC
- GENERAL ATOMICS
- LOCKHEED MARTIN
- MYOMO INC.
- ORTHOCARE INNOVATIONS
- REHA TECHNOLOGY
- REWALK
- ROBOTDALEN
- SARCOS
Highlights of The Powered Exoskeleton 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:
- Industry
- Military
- Health care
- Others (space, shipping)
- 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 Powered Exoskeleton 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
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 powered exoskeleton is a wearable device that helps people with disabilities or impairments to walk, climb stairs, and move around more easily. Powered exoskeletons are often fitted with motors that help the wearer move through their environment.
Some of the key players operating in the powered exoskeleton market are EKSO BIONICS, CHINA NORTH INDUSTRIES GROUP CORPORATION (NORINCO), CYBERDYNE INC., DAEWOO, HONDA, NOONEE, PARKER HANNIFIN, REX BIONICS, ATOUN INC., BIONIC POWER, FANUC, GENERAL ATOMICS, LOCKHEED MARTIN, MYOMO INC., ORTHOCARE INNOVATIONS, REHA TECHNOLOGY, REWALK, ROBOTDALEN, SARCOS.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Powered Exoskeleton Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Powered Exoskeleton Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Powered Exoskeleton Market - Supply Chain
4.5. Global Powered Exoskeleton Market Forecast
4.5.1. Powered Exoskeleton Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Powered Exoskeleton Market Size (000 Units) and Y-o-Y Growth
4.5.3. Powered Exoskeleton Market Absolute $ Opportunity
5. Global Powered Exoskeleton Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Powered Exoskeleton Market Size and Volume Forecast by Type
5.3.1. Full Body
5.3.2. Upper Body
5.3.3. Lower Body
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Powered Exoskeleton Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Powered Exoskeleton Market Size and Volume Forecast by Application
6.3.1. Industry
6.3.2. Military
6.3.3. Health care
6.3.4. Others (space, shipping)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Powered Exoskeleton Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Powered Exoskeleton Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Powered Exoskeleton Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Powered Exoskeleton Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Powered Exoskeleton Demand Share Forecast, 2019-2026
9. North America Powered Exoskeleton Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Powered Exoskeleton Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Powered Exoskeleton Market Size and Volume Forecast by Application
9.4.1. Industry
9.4.2. Military
9.4.3. Health care
9.4.4. Others (space, shipping)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Powered Exoskeleton Market Size and Volume Forecast by Type
9.7.1. Full Body
9.7.2. Upper Body
9.7.3. Lower Body
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Powered Exoskeleton Demand Share Forecast, 2019-2026
10. Latin America Powered Exoskeleton Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Powered Exoskeleton Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Powered Exoskeleton Market Size and Volume Forecast by Application
10.4.1. Industry
10.4.2. Military
10.4.3. Health care
10.4.4. Others (space, shipping)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Powered Exoskeleton Market Size and Volume Forecast by Type
10.7.1. Full Body
10.7.2. Upper Body
10.7.3. Lower Body
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Powered Exoskeleton Demand Share Forecast, 2019-2026
11. Europe Powered Exoskeleton Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Powered Exoskeleton Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Powered Exoskeleton Market Size and Volume Forecast by Application
11.4.1. Industry
11.4.2. Military
11.4.3. Health care
11.4.4. Others (space, shipping)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Powered Exoskeleton Market Size and Volume Forecast by Type
11.7.1. Full Body
11.7.2. Upper Body
11.7.3. Lower Body
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Powered Exoskeleton Demand Share, 2019-2026
12. Asia Pacific Powered Exoskeleton Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Powered Exoskeleton Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Powered Exoskeleton Market Size and Volume Forecast by Application
12.4.1. Industry
12.4.2. Military
12.4.3. Health care
12.4.4. Others (space, shipping)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Powered Exoskeleton Market Size and Volume Forecast by Type
12.7.1. Full Body
12.7.2. Upper Body
12.7.3. Lower Body
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Powered Exoskeleton Demand Share, 2019-2026
13. Middle East & Africa Powered Exoskeleton Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Powered Exoskeleton Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Powered Exoskeleton Market Size and Volume Forecast by Application
13.4.1. Industry
13.4.2. Military
13.4.3. Health care
13.4.4. Others (space, shipping)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Powered Exoskeleton Market Size and Volume Forecast by Type
13.7.1. Full Body
13.7.2. Upper Body
13.7.3. Lower Body
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Powered Exoskeleton Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Powered Exoskeleton Market: Market Share Analysis
14.2. Powered Exoskeleton Distributors and Customers
14.3. Powered Exoskeleton Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. EKSO BIONICS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. CHINA NORTH INDUSTRIES GROUP CORPORATION (NORINCO)
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. CYBERDYNE INC.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DAEWOO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HONDA
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NOONEE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. PARKER HANNIFIN
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. REX BIONICS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ATOUN INC.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BIONIC POWER
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. FANUC
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. GENERAL ATOMICS
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. LOCKHEED MARTIN
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. MYOMO INC.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ORTHOCARE INNOVATIONS
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. REHA TECHNOLOGY
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. REWALK
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. ROBOTDALEN
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. SARCOS
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
