Powered Exoskeleton Market
Global Powered Exoskeleton Market Size, Share & Trends Analysis Report by Mobility (Stationary and Mobile), by Type (Full Body, Upper Body, and Lower Body), and by Application (Industrial, Military, Healthcare, and Others) Forecast Period (2022-2028)
The global powered exoskeleton market is anticipated to grow at a exponential CAGR of 42.6% during the forecast period. A powered exoskeleton is a wearable high-tech robotic device used for limb movement with increased strength and endurance. The rapid development of science and technology especially in the field of healthcare has paved a way for the mitigation of neural, and physical disorders by Powered Exoskeleton. Powered Exoskeleton is a capital-intensive market. The powered Exoskeleton is powered by high-cost equipment and devices such as Electric Motors, hydraulics, pneumatics and so on which increases the cost of the Exoskeleton. Heavyweight and height and strict government regulation are the depriving factors for this market. The need for a continuous fuel source is a limitation for the product and the market. Development of low-cost and lightweight devices and adoption of this technology in space, healthcare, shipping industries, and government investment might be a huge opportunity for the powered exoskeleton market.
Impact of COVID-19 Pandemic on Global Powered Exoskeleton Market
COVID-19 impacted negatively on the growth of powered exoskeleton market due to complete shutdown across the globe. Due to strict government rules and regulations to control the spread of virus all the distribution channels and production units were closed which impacted negatively on the growth of powered exoskeleton market globally.
Segmental Outlook
The global powered exoskeleton market is segmented based on mobility, type, and application. Based on mobility, the market is further diversified into stationary and mobile. Based on the type, the market is bifurcated into full-body, upper body, and lower body. Based on the application, the market is bifurcated into the industrial, military, healthcare, and others. The concept of externally powered skeleton systems is widely adopted for the astronomy and defense sectors.
Global Powered Exoskeleton Market Share by Application, 2021 (%)
The Military Sub-Segment is Expected to Hold Considerable Share in the Global Powered Exoskeleton Market
Adoption of technology in military and defense is driving the growth of the powered exoskeleton market globally during the forecast period. Exoskeletons help soldiers on the field in lifting heavy weapons and move faster and cover a larger area due to which many countries are adopting exoskeletons in their defense applications. US Army scientists and engineers have been developing exoskeleton devices to prevent musculoskeletal injuries. For instance, In May 2022, The US Army is looking for a potential manufacturer of a powered robotic exoskeleton capable of protecting the knees of warfighters. Wearable technology would enhance soldier performance and helps speed recovery from knee injuries.
Regional Outlooks
The global powered exoskeleton market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement.
Global Powered Exoskeleton Market Growth, by Region 2022-2028
The North American Region is Expected to Hold a Considerable Share in the Global Powered Exoskeleton Market
North America region is growing with significant growth and is expected to hold a prominent share in the global powered exoskeleton market during the forecast period. Adoption of Exoskeleton for various applications such as medical, industrial, and defense in the US region are motivators for the market. The increased adoption of powered exoskeleton made many companies to invest in powered exoskeleton market due to which powered exoskeleton market increased in North American region during the forecast period. For instance, in January 2022, French robotic exoskeleton maker Wandercraft eyes US expansion courtesy of a $45M Series C. The company has closed a $45 million Series C, which more than doubles the $30.5 million the company has raised to-date. The round was led by Quadrant Management, a US-based firm, along with existing investor Bpifrance.
Market Players Outlook
The major companies serving the global powered exoskeleton market include China North Industries Group Corporation (NORINCO GROUP), General Atomics, Orthocare Innovations, LLC, ReWalk Robotics, Sarcos Technology and Robotics Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new application launches, to stay competitive in the market. For instance, in April 2022, ReWalk Robotics, Ltd. announced its membership in the Human Robot Interaction (HRI) Consortium, part of the Israel Innovation Authority’s MAGNET incentive program. This incentive program provides grants for R&D collaboration as part of a consortium comprised of private businesses and leading academic centers.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global powered exoskeleton market. Based on the availability of data, information related to new application launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Powered Exoskeleton Market
• Recovery Scenario of Global Powered Exoskeleton Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. China North Industries Group Corp. (NORINCO GROUP)
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. General Atomics
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Orthocare Innovations, LLC
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. ReWalk Robotics
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Sarcos Technology and Robotics Corp.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
3.8. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Powered Exoskeleton Market by Mobility
4.1.1. Stationary
4.1.2. Mobile
4.2. Global Powered Exoskeleton Market by Type
4.2.1. Full Body
4.2.2. Upper Body
4.2.3. Lower Body
4.3. Global Powered Exoskeleton Market by Application
4.3.1. Industrial
4.3.2. Military
4.3.3. Healthcare
4.3.4. Others (Space, Shipment)
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profile
6.1. Bionic Power Inc.
6.2. Cyberdyne Inc.
6.3. Daewoo
6.4. Ekso Bionics
6.5. FANUC CORP.
6.6. HONDA
6.7. Lockheed Martin Corp.
6.8. Myomo, Inc.
6.9. Noonee
6.10. PARKER HANNIFIN CORP.
6.11. Reha Technology AG
6.12. Rex Bionics Ltd.
6.13. ROBOTDALEN
6.14. TOYOTA
1. GLOBAL POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY MOBILITY, 2021-2028 ($ MILLION)
2. GLOBAL STATIONARY POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL MOBILE POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
5. GLOBAL FULL BODY POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL UPPER BODY POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL LOWER BODY POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL INFLAMMATORY HEART DISEASEMARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
9. GLOBAL INDUSTRIAL POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL MILITARY POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL HEALTHCARE POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL OTHERS POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL INFLAMMATORY HEART DISEASEMARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
14. NORTH AMERICAN POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY MOBILITY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
18. EUROPEAN POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
19. EUROPEAN POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY MOBILITY, 2021-2028 ($ MILLION)
20. EUROPEAN POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
22. ASIA-PACIFIC POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY MOBILITY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
26. REST OF THE WORLD POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. REST OF THE WORLD POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY MOBILITY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD POWERED EXOSKELETON MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL POWERED EXOSKELETON MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL POWERED EXOSKELETON MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL POWERED EXOSKELETON MARKET, 2022-2028 (%)
4. GLOBAL POWERED EXOSKELETON MARKET SHARE BY MOBILITY, 2021 VS 2028 (%)
5. GLOBAL STATIONARY POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL MOBILE POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL POWERED EXOSKELETON MARKET SHARE BY TYPE, 2021 VS 2028 (%)
8. GLOBAL FULL BODY POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL UPPER BODY POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL LOWER BODY POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL INFLAMMATORY HEART DISEASE MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
12. GLOBAL INDUSTRIAL POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL MILITARY POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL HEALTHCARE POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL OTHERS POWERED EXOSKELETON MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL INFLAMMATORY HEART DISEASEMARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. US POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
18. CANADA POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
19. UK POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
20. FRANCE POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
21. GERMANY POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
22. ITALY POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
23. SPAIN POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
24. REST OF EUROPE POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
25. INDIA POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
26. CHINA POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
27. JAPAN POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
28. SOUTH KOREA POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
29. REST OF ASIA-PACIFIC POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD POWERED EXOSKELETON MARKET SIZE, 2021-2028 ($ MILLION)
