Powered exoskeleton market size is expected to reach USD billion by 2030, from USD 1.2 billion in 2018, at a CAGR of 13%. The growth can be attributed to the increasing adoption of this technology across various industrial sectors and its application for military purposes.
A powered exoskeleton is a wearable robot that can be tethered or not. It aids the wearer in performing various tasks by utilising motors and mechanical actuators to enhance their strength. The wearer’s own muscles are not replaced, but they work in tandem with the power systems of an exosuit, boosting endurance and decreasing tiredness over long periods of time. Powered exoskeletons are frequently built of lightweight materials such as titanium alloys that will not overheat when worn for extended periods of time on missions.
Market Segmentations are as follows,
Global Powered Exoskeleton Market: Top Key Players
EKSO BIONICS
CHINA NORTH INDUSTRIES GROUP CORPORATION (NORINCO)
CYBERDYNE INC.
DAEWOO
HONDA
NOONEE
PARKER HANNIFIN
REX BIONICS
ATOUN INC.
BIONIC POWER
FANUC
GENERAL ATOMICS
LOCKHEED MARTIN
MYOMO INC.
ORTHOCARE INNOVATIONS
REHA TECHNOLOGY
REWALK
ROBOTDALEN
SARCOS
Global Powered Exoskeleton Market: By Types
Full Body
Upper Body
Lower Body
Global Powered Exoskeleton Market: By Applications
Industry
Military
Health care
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Overview of the regional outlook of the Powered Exoskeleton Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Powered Exoskeleton 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.
COVID-19 Analysis:
Because of COVID-19, all rehabilitation facilities were closed or only partially accessible, and people were unable to get them even in an emergency, the pandemic had a detrimental influence on the elderly population, who utilise exoskeletons the most. Training and delivery were also prohibited. Following the COVID-19 epidemic, the market is regaining traction, and rehabilitation centres are rescheduling all appointments that were cancelled during the pandemic.
The COVID-19 epidemic has also increased demand for healthcare and related products and services, bolstering the overall success of the healthcare business.
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Highlights of The Powered Exoskeleton Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of Powered Exoskeleton Market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
Key Benefits for Industry Participants & Stakeholders:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Powered Exoskeleton Market
FAQs:
• What is the driving factor for the growth of the Powered Exoskeleton market?
• How will the COVID-19 pandemic impact the demand and consumption of the Powered Exoskeleton market?
• What is the major application area of this market?
• Who are the Powered Exoskeleton manufacturers across the globe?
• Which geographical location is dominant in this market?
• Which are the top industry players in this market?
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About Us:
The healthcare industry is surely facing disruptions with global economies giving high importance to individual health. In this scenario, we expect our clients to get deep insights to power their innovations in the right direction. We have been keeping a close watch on the changes and modifications happening in the healthcare domain. As per our understanding, these alterations are active and unexampled.