Exoskeleton Market Status, Growth Opportunity, Leading player, Demand Worth USD 1,533.8 Million in 2032

In the latest report from Emergen Research, the market research report discusses the global Exoskeleton market in depth, and each of the major market segments is examined in depth. In addition to market information, the report provides industry statistics, regional market revenue shares, gross profits, production & distribution costs, and product portfolios related to the global Exoskeleton market.

There are also a number of factors influencing industry revenue growth identified in the report, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, stringent regulatory frameworks, as well as a multitude of other micro- and macro-economic factors.

The exoskeleton market refers to the development and production of wearable devices that support and augment the human body, particularly in the areas of mobility and strength. Exoskeletons have become increasingly prevalent in recent years, with a wide range of applications in healthcare, military, industrial, and consumer sectors. The global exoskeleton market size reached USD 334.5 Million in 2022 and is expected to register a revenue CAGR of 16.4% during the forecast period, according to latest analysis by Emergen Research. The market for exoskeletons is driven by a variety of factors, including technological advancements, increasing investment in research and development, and growing demand for assistive devices for elderly and disabled individuals.

One of the primary drivers of the exoskeleton market is the increasing adoption of new technologies. Recent advancements in material sciences, robotics, and artificial intelligence have paved the way for the development of more advanced and effective exoskeletons. These devices are now capable of providing greater support and mobility, as well as enabling more precise control and feedback mechanisms.

Another factor driving the exoskeleton market is the growing investment in research and development. Governments and private organizations around the world are increasingly investing in exoskeleton technology, recognizing the potential benefits for a range of applications. This has led to a significant increase in funding for exoskeleton research, with a focus on developing new materials, sensors, and control mechanisms to improve the performance and effectiveness of these devices.

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Market Dynamics:

The report explains the scope of various commercial possibilities in the global Exoskeleton market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.

Competitive Landscape:

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments.

The report also covers strategic business measures undertaken by the companies to gain substantial market share.

Key Companies Profiled in the Report:

Ekso Bionics, Hocoma, Lockheed Martin Corporation, Suitx, Rex Bionics Ltd., RB3D, ReWalk Robotics, Cyberdyne, Inc., Panasonic Corporation, Sarcos Technology, and Robotics Corporation

Some Key Highlights From the Report

• The fixed/stationary segment accounted for a moderately large revenue share in 2022. Rising demand for logistic and warehousing operations is a major factor driving the segment revenue growth. For instance, fixed exoskeletons are used in warehousing and logistics to provide support for workers who are performing tasks such as loading and unloading heavy items from trucks or moving large packages. This can help reduce the risk of injury and improve worker efficiency.
• The non-powered segment accounted for a moderately large revenue share in 2022. Significant investments in preventing repetitive stress injuries and holding tools or equipment during various industrial operations are key factors driving the market revenue growth. In addition, significant investments in various research & development in bio-engineering and electro-medical technology to increase the strength of soldiers is another key factor contributing to the segment revenue growth. Investments in electro-medical technology are important because exoskeletons require high-capacity batteries to provide power to the motors and control systems. Further, advances in battery technology, such as the development of more efficient and long-lasting batteries could significantly improve the performance and usability of exoskeletons.
• The military segment accounted for a moderately large revenue share in 2022. Significant investments in improving strength, endurance safety, and ergonomics in exoskeleton suits is a major factor driving the segment revenue growth. Exoskeletons have significant potential to enhance human strength and endurance, making it possible to perform tasks that can otherwise be difficult or impossible. Military organizations are significantly investing in assistive bionic exosuit owing to their various benefits. For instance, improved mobility and independence can lead to an improved overall quality of life for individuals with mobility impairments. In addition, with the help of an assistive bionic exosuit, individuals with mobility impairments can become more independent and rely less on others for assistance.
• The market in Europe accounted for a moderately large revenue share in 2022. Rising demand from the logistics and healthcare industries are key factors driving the market revenue growth in this region. For instance, fixed exoskeletons are used in healthcare settings to support patients with mobility impairments, such as those recovering from surgery or with conditions such as spinal cord injuries. This can be used to support healthcare workers who are lifting or moving patients, reducing the risk of injury.

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Exoskeleton Market Segmentation:

Mobility Outlook (Revenue, USD Million; 2019-2032)

• Mobile
• Fixed/Stationary

Technology Outlook (Revenue, USD Million; 2019-2032)

• Powered
• Non-Powered

End-Use Outlook (Revenue, USD Million; 2019-2032)

• Healthcare
• Military
• Others

Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key insights presented in the report:

• Market revenue shares by major business players, by type, by application, and market scope of global Exoskeleton market
• Sales revenue by key players and new entrants
• Competitive analysis of the key players including aspects such as company overview, product or services specification, vendors, and buyers.
• Recent mergers, acquisitions, product launches, recent investments, and joint ventures
• Regional analysis to provide insight to recent trends and opportunities

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