The Global Exoskeleton Robots Market size is projected to grow from USD 1.5 billion in 2020 to USD X.X billion by 2028, at a CAGR of 11.6% during the forecast period from 2021-2028. The growth of this market can be attributed to factors such as increased demand for fully functional exoskeletons and a growing number of R&D initiatives across the world that are aimed at developing new types of robotic devices with low cost and high efficiency.
Exoskeleton robots are a type of robot that is worn by the human body and enhances its capabilities. It has a frame that is fitted to the body of the user, and motors or hydraulics that power its movement. Exoskeleton robots can be used for a range of purposes such as healthcare, defense, and industrial applications. Some of the features of exoskeleton robots include: Enhanced strength and mobility: Exoskeleton robots can provide users with enhanced strength and mobility, which is especially beneficial for those with disabilities or who are recovering from an injury. Increased endurance: Exoskeleton robots can help increase the user's endurance, as they do not need to use as much energy to move around. This is especially helpful for those working in strenuous jobs or who have to carry out repetitive tasks. Enhanced safety: Exoskeleton robots can help increase the user's safety as they provide support and stability, which can prevent injuries from occurring.
On the basis of Type, the global exoskeleton robots market is segmented into lower, upper, and full-body.
Lower exoskeleton robots are wearable devices that help people with mobility issues to walk or stand. These robots typically have two legs and are powered by electric motors. They can be used to provide assistance for walking, standing or climbing stairs. Lower exoskeleton robots are often used in rehabilitation therapy to help patients regain their strength and mobility. Some lower exoskeleton robots are also being developed for use in the military. These robots can be used to help soldiers carry heavy loads or walk long distances without getting tired. They can also be used to help protect soldiers from injuries caused by explosions or gunfire.
Upper exoskeleton robots are wearable devices that help people with mobility issues to walk and carry out other activities. They are attached to the upper body and provide assistance to the arms and shoulders. These robots can be used for a variety of purposes such as rehabilitation, transportation, manufacturing, and defense. The key features of upper exoskeleton robots are that they provide support to the arms and shoulders, which helps in reducing fatigue and improving productivity. They also help in increasing strength and dexterity, thus enhancing the performance of workers. Additionally, these robots can be used to improve safety by reducing the risk of injuries. Upper exoskeleton robots are also beneficial in improving the quality of work by reducing muscle strain.
A full-body exoskeleton robot is a type of wearable, a robotic device that enhances the user’s strength and endurance. They are usually designed to help reduce injury in case of accidents while performing hazardous jobs or tasks. Full-body exoskeleton robots are also used in the rehabilitation of patients suffering from paralysis or other physical impairments. They have a number of features that make them ideal for use in a range of applications. These include: Enhanced strength and endurance – full-body exoskeleton robots can provide users with increased strength and endurance, allowing them to perform heavy-duty tasks for long periods of time. This makes them ideal in a number of industries, including construction and healthcare. Reduction in injuries – the risk of injury to workers is reduced when they wear an exoskeleton, making it possible for employees to work productively without having to take breaks or sick days due to accidents or injury. Cost-effectiveness – by performing tasks such as lifting heavy objects and moving cargo, workers can reduce the number of errors made when carrying out their jobs. This not only reduces costs for companies but also improves productivity levels and safety standards across the board.
On the basis of Application, the global exoskeleton robots market is segmented into healthcare, defense, industrial and other applications.
Exoskeletons are used to enhance the endurance and strength of a person who has weak muscles. The technology is also being studied for improving mobility during rehabilitation after an accident or surgery, as well as in medical applications related to neurorehabilitation. In paraplegia, for example, patients often suffer from reduced muscle mass and increased fat deposits in the thigh area. This phenomenon is called the “gluteal fold”. The use of exoskeletons can help to prevent this condition and consequent health problems.
Exoskeleton robots are used in the defense sector for a variety of purposes. Some common applications include increasing the strength and stamina of soldiers, improving accuracy during training exercises, and helping those with disabilities to walk again. In addition to these practical uses, exoskeleton robots can also be used as propaganda tools. For example, North Korea has used them in parades to showcase its latest technology.
Exoskeleton robots are used extensively in the industrial sector for heavy lifting and other tasks that are difficult or impossible for humans to do. They help to improve worker safety and efficiency, and can also reduce the amount of time needed to complete certain tasks. For example, a factory might use an exoskeleton robot to lift heavy objects that would otherwise require several workers to move. This can improve safety and reduce the risk of injuries. Additionally, exoskeleton robots can help to speed up production by completing tasks more quickly than humans can.
On the basis of Region, the global exoskeleton robots market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The North American market is expected to hold the largest share in the global exoskeleton robots market during the forecast period. The growth of this region can be attributed to the increasing demand from the healthcare sector and the rising number of the aging population.
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period, owing to an increase in healthcare expenditure and a rising geriatric population. Japan is expected to dominate the Asia Pacific exoskeleton robots market during the forecast period. The market of exoskeleton robots in Europe is still in its growth phase. It was worth approximately $33 million in 2017 and it is expected to witness high CAGR during the forecast period i.e., 2018-2026, growing at a significant pace up to 2028.
The exoskeleton robots market in Latin America is expected to grow at a significant rate during the forecast period. Latin American countries such as Brazil and Argentina are experiencing an increased demand for industrial robotics, especially from mining companies; this has resulted in growing investments by these companies into technologies that help increase operational efficiencies and reduce costs associated with mining.
The market status of exoskeleton robots in the Middle East & Africa is expected to be positive during the forecast period. This can be attributed to the growing awareness about the benefits of using exoskeleton robots for various applications such as healthcare, defense, and industrial among others. Additionally, increasing investments by key players in this region is also projected to boost market growth.
The growth factors for the global exoskeleton robots market are increasing demand from the healthcare sector, rising focus on defense applications, and technological advancements. The growing geriatric population is a major driver for the market as they are more prone to injuries and require assistance in their day-to-day activities. Moreover, the exoskeleton robots help in the rehabilitation of patients and provide support in the medical sector. The growing number of casualties in soldiers is also expected to drive the market during the forecast period 2019-2028.
Up Market Research published a new report titled “Exoskeleton Robots Sales Market research report which is segmented by Types (Lower, Upper, Full Body), By Applications (Healthcare, Defense, Industrial), By Players/Companies Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, Interactive Motion Technologies, Panasonic, Myomo, B-TEMIA Inc., Alter G, US Bionics”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Exoskeleton Robots Sales Market Research Report |
By Type | Lower, Upper, Full Body |
By Application | Healthcare, Defense, Industrial |
By Companies | Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, Interactive Motion Technologies, Panasonic, Myomo, B-TEMIA Inc., Alter G, US Bionics |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 229 |
Number of Tables & Figures | 161 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Lower, Upper, Full Body and By Application Healthcare, Defense, Industrial.
Some of the companies that are profiled in this report are:
Exoskeleton Robots Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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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 Exoskeleton Robots Sales 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 2028.
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