Report Feature
Exoskeleton Market Trends and Forecast
The future of the global exoskeleton market looks promising with opportunities in the healthcare, military, and industrial markets. The global exoskeleton market is expected to reach an estimated $1,127.9 million by 2028 with a CAGR of 14.90% from 2023 to 2028. The major drivers for this market are increasing geriatric population, growing number of patients with body movement disorders, and rising application of these solutions in various end use industries so as to reduce accidents and improve productivity.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown here.
Exoskeleton Market by Segment
The study includes trends and forecast for the global exoskeleton market by mobility, component, end use industry, and region, as follows:
Exoskeleton Market by Mobility [Shipment Analysis by Value from 2017 to 2028]:
- Mobile
- Fixed/Stationary
Exoskeleton Market by Component [Shipment Analysis by Value from 2017 to 2028]:
-
Hardware
- Sensors
- Actuators
- Power Sources
- Control Systems
- Software
- Others
Exoskeleton Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:
- Healthcare
- Military
- Industrial
Exoskeleton Market by Region [Shipment Analysis by Value from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Exoskeleton Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, exoskeleton companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the exoskeleton companies profiled in this report include-
- Lockheed Martin
- RRB3D
- Ekso Bionics
- suitX
- Re Walk Robotics
- Hocoma
- Rex Bionics
- Active Link
- Cyber dyne
Exoskeleton Market Insights
- Lucintel forecasts that mobile exoskeleton segment will witness higher growth over the forecast period due to the increasing adoption of high-speed Internet, artificial intelligence (AI), machine learning, and digital assistants in the medical industry and on-going research and development activities related to wearable exoskeletons.
- Healthcare will remain the largest end use industry segment because of the increasing prevalence rate of spinal cord injuries (SCIs), rising adoption of these solutions in rehabilitation centers, and growing awareness of technologically advanced systems.
- North America will remain the largest region over the forecast period due to the rising purchasing power of patients, increasing prevalence of disabled individuals, and growing demand for robotic rehabilitation in the healthcare sector of the region.
Features of the Exoskeleton Market
- Market Size Estimates: Exoskeleton market size estimation in terms of value ($B)
- Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Exoskeleton market size by various segments, such as by mobility, component, end use industry, and region
- Regional Analysis: Exoskeleton market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different mobilities, components, end use industries, and regions for the exoskeleton market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the exoskeleton market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the exoskeleton market size?
Answer: The global exoskeleton market is expected to reach an estimated $1,127.9 million by 2028.
Q2. What is the growth forecast for exoskeleton market?
Answer: The global exoskeleton market is expected to grow with a CAGR of 14.90% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the exoskeleton market?
Answer: The major drivers for this market are increasing geriatric population, growing number of patients with body movement disorders, and rising application of these solutions in various end use industries so as to reduce accidents and improve productivity.
Q4. What are the major segments for exoskeleton market?
Answer: The future of the global exoskeleton market looks promising with opportunities in the healthcare, military, and industrial markets.
Q5. Who are the key exoskeleton companies?
Answer: Some of the key exoskeleton companies are as follows:
Answer: The global exoskeleton market is expected to reach an estimated $1,127.9 million by 2028.
Q2. What is the growth forecast for exoskeleton market?
Answer: The global exoskeleton market is expected to grow with a CAGR of 14.90% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the exoskeleton market?
Answer: The major drivers for this market are increasing geriatric population, growing number of patients with body movement disorders, and rising application of these solutions in various end use industries so as to reduce accidents and improve productivity.
Q4. What are the major segments for exoskeleton market?
Answer: The future of the global exoskeleton market looks promising with opportunities in the healthcare, military, and industrial markets.
Q5. Who are the key exoskeleton companies?
Answer: Some of the key exoskeleton companies are as follows:
- Lockheed Martin
- RRB3D
- Ekso Bionics
- suitX
- Re Walk Robotics
- Hocoma
- Rex Bionics
- Active Link
- Cyber dyne
Q6. Which exoskeleton segment will be the largest in future?
Answer: Lucintel forecasts that mobile exoskeleton segment will witness a higher growth over the forecast period due to the increasing adoption of high-speed Internet, artificial intelligence (AI), machine learning, and digital assistants in the medical industry and on-going research and development activities related to wearable exoskeletons.
Q7. In exoskeleton market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the rising purchasing power of patients, increasing prevalence of disabled individuals, and growing demand for robotic rehabilitation in the healthcare sector of the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Answer: Lucintel forecasts that mobile exoskeleton segment will witness a higher growth over the forecast period due to the increasing adoption of high-speed Internet, artificial intelligence (AI), machine learning, and digital assistants in the medical industry and on-going research and development activities related to wearable exoskeletons.
Q7. In exoskeleton market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to the rising purchasing power of patients, increasing prevalence of disabled individuals, and growing demand for robotic rehabilitation in the healthcare sector of the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
