Market Overview:
The global wearable robot 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 wearable robots from commercial and individual users. Additionally, the growing awareness about the benefits of using wearable robots is also contributing to the growth of this market. The global wearable robot market can be segmented on the basis of type into children and adults. The adult segment is expected to account for a larger share of the global wearable robot market than the child segment duringthe forecast period. This can be attributedto th egrowing demand for wearables from geriatric population and rising incidencesof lifestyle-related diseases such as obesity, diabetes, and heart disease among adults. On t he basis o f application , t he gl obal wearabl e ro bot m arket c an b e segm ented i nt o individu al us e an d commerci al us e . T he individu al use segm ent i s expec ted t o ac coun t fo r a lar ge r sh are o f th e gl obal wea rab le ro bot ma rke t tha n th e commerci al us esegment du ringt he foreca st peri od .
Product Definition:
A wearable robot is a robot that is worn by a human as an exoskeleton. The purpose of wearing a wearable robot can be to augment the strength, dexterity, or endurance of the wearer. Wearable robots are often used in industrial and manufacturing settings to improve safety and ergonomics for workers. Other applications for wearable robots include rehabilitation, assisted living, and military use.
Children:
Children is the major factor in driving the wearable robot market growth. The primary reason being, children are more interested in playing with robots than adults. In addition, their interest increases when they see robots acting like humans and learning from them. These factors make children a potential customer for wearable robot products which will further boost market demand over the forecast period.
Adults:
Adults is a wearable robot that helps the elderly and disabled people to move around. It’s an advanced exoskeleton with two arms, which can be used to carry objects or help in lifting heavy things. The device has been developed by the University of Tokyo's robotics research lab as part of a study funded by the Japanese government.
Application Insights:
The individual use segment dominated the global wearable robot market in 2017. The segment is expected to witness significant growth over the forecast period owing to rising demand for fitness tracking devices and increasing awareness about health & wellness among consumers, especially in developed regions such as North America and Europe. Furthermore, commercial use of wearable robots is anticipated to witness substantial growth over the forecast period due to increased adoption of these devices by hospitals, clinics and medical professionals for better patient care.
For instance, Pepper, a healthcare companion robot developed by Softbank has been installed at various hospitals around Japan including Yokohama City Hospital and Shizuoka University Hospital for assisting patients with their daily activities while they are hospitalized or undergoing treatment at these facilities. Such initiatives are expected to drive demand globally for commercial applications of wearable robots over the coming years.
Regional Analysis:
North America dominated the global wearable robot market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments by companies for developing advanced robotic devices and growing adoption of automation across various industrial sectors such as healthcare, manufacturing, logistics, and others. Moreover, rising demand for highly skilled professionals who are comfortable with technology is anticipated to drive regional growth over the forecast period.
Asia Pacific market was valued at USD X million in 2017 owing to high product demand from countries such as Japan and China where technological advancements are taking place rapidly due to increased penetration of internet connectivity which enables users access remote controlling through smartphones or other devices at a low cost along with rapid development of medical tourism industry in these countries which offers lucrative opportunities for manufacturers operating within Asia Pacific region thus driving overall growth over the projected time frame 8 to 2030).
Growth Factors:
- Increasing demand for wearable robots from the medical sector for assisting in surgeries and rehabilitation
- The increasing use of wearable robots by the military for enhancing human capabilities and improving safety
- Growing demand from industrial sectors for providing assistance in hazardous or difficult tasks
- Advances in technology that have made wearable robots smaller, lighter, and more affordable
- Increased research and development spending by companies to improve the functionality of wearable robots
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Robot Market Research Report
By Type
Children, Adults
By Application
Individual Use, Commercial Use
By Companies
ReWalk Robotics, Honda, Toyota Motor Corp, Tréx?Robotics, Cyberdyne, Rex Bionics, Lockheed Martin, DSME, Hyundai, RB3D, Ekso Bionics, ATOUN, B-Temia
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 Wearable Robot Market Report Segments:
The global Wearable Robot market is segmented on the basis of:
Types
Children, Adults
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
Individual Use, Commercial Use
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:
- ReWalk Robotics
- Honda
- Toyota Motor Corp
- Tréx?Robotics
- Cyberdyne
- Rex Bionics
- Lockheed Martin
- DSME
- Hyundai
- RB3D
- Ekso Bionics
- ATOUN
- B-Temia
Highlights of The Wearable Robot 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:
- Children
- Adults
- By Application:
- Individual Use
- Commercial Use
- 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 Robot 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.
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- Correctly Positioning New Products
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- Understanding Competition Scenario
- Product & Brand Management
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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 robot is a type of robot that is worn on the body. This type of robot can be used for a variety of purposes, such as assisting people with disabilities or providing security.
Some of the major companies in the wearable robot market are ReWalk Robotics, Honda, Toyota Motor Corp, TrƒÂ©x?Robotics, Cyberdyne, Rex Bionics, Lockheed Martin, DSME, Hyundai, RB3D, Ekso Bionics, ATOUN, B-Temia.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable Robot 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. Wearable Robot Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable Robot Market - Supply Chain
4.5. Global Wearable Robot Market Forecast
4.5.1. Wearable Robot Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable Robot Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wearable Robot Market Absolute $ Opportunity
5. Global Wearable Robot 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. Wearable Robot Market Size and Volume Forecast by Type
5.3.1. Children
5.3.2. Adults
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wearable Robot 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. Wearable Robot Market Size and Volume Forecast by Application
6.3.1. Individual Use
6.3.2. Commercial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wearable Robot 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. Wearable Robot 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 Wearable Robot 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. Wearable Robot 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 Wearable Robot Demand Share Forecast, 2019-2026
9. North America Wearable Robot 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 Wearable Robot 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 Wearable Robot Market Size and Volume Forecast by Application
9.4.1. Individual Use
9.4.2. Commercial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wearable Robot Market Size and Volume Forecast by Type
9.7.1. Children
9.7.2. Adults
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 Wearable Robot Demand Share Forecast, 2019-2026
10. Latin America Wearable Robot 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 Wearable Robot 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 Wearable Robot Market Size and Volume Forecast by Application
10.4.1. Individual Use
10.4.2. Commercial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wearable Robot Market Size and Volume Forecast by Type
10.7.1. Children
10.7.2. Adults
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 Wearable Robot Demand Share Forecast, 2019-2026
11. Europe Wearable Robot 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 Wearable Robot 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 Wearable Robot Market Size and Volume Forecast by Application
11.4.1. Individual Use
11.4.2. Commercial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wearable Robot Market Size and Volume Forecast by Type
11.7.1. Children
11.7.2. Adults
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 Wearable Robot Demand Share, 2019-2026
12. Asia Pacific Wearable Robot 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 Wearable Robot 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 Wearable Robot Market Size and Volume Forecast by Application
12.4.1. Individual Use
12.4.2. Commercial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wearable Robot Market Size and Volume Forecast by Type
12.7.1. Children
12.7.2. Adults
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 Wearable Robot Demand Share, 2019-2026
13. Middle East & Africa Wearable Robot 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 Wearable Robot 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 Wearable Robot Market Size and Volume Forecast by Application
13.4.1. Individual Use
13.4.2. Commercial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wearable Robot Market Size and Volume Forecast by Type
13.7.1. Children
13.7.2. Adults
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 Wearable Robot Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wearable Robot Market: Market Share Analysis
14.2. Wearable Robot Distributors and Customers
14.3. Wearable Robot Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ReWalk Robotics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Honda
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toyota Motor Corp
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tréx?Robotics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cyberdyne
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rex Bionics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Lockheed Martin
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. DSME
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hyundai
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. RB3D
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ekso Bionics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ATOUN
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. B-Temia
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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
