The global powered exoskeleton market is anticipated to grow at a exponential CAGR of 42.6% during the forecast period (2022-2028). The increasing use of advanced and high technology in the manufacturing of powered exoskeletons is increasing the demand for powered exoskeletons globally. The logistics industry, medical, and engineering industries have benefited from the use of high technology such as interactive Internet of Things (IoT), artificial intelligence (AI), virtual guidance, interactive learning & digital assistants in robots.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/powered-exoskeleton-market
The rising demand for AI technology and the Internet of Things (IoT) in exoskeleton made many companies adopt the technology and introduce advanced products in the market which led to the growth of the global powered exoskeleton market during the forecast period. For instance, in March 2022, RIKEN Guardian Robot Project and their co-workers utilized the integration of lightweight material engineering and artificial intelligence to make an exoskeleton robot that can aid those with mobility impairments. Moreover, in February 2020, BICS powered a robotic exoskeleton with global IoT connectivity. German Bionic launched a power solution designed to mitigate injuries and drive productivity for businesses. The collaboration highlights the diversity of IoT applications and industries that BICS supports and demonstrates how our SIM for Things is powering the next generation of smart industry and augmented industry workforces
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Mobility
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape – China North Industries Group Corporation (NORINCO GROUP), General Atomics, Orthocare Innovations, LLC, ReWalk Robotics, Sarcos Technology, Robotics Corp., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and +region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Powered Exoskeleton Market Report Segment
By Mobility
By Type
By Application
Global Powered Exoskeleton Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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