Exoskeleton Market by Component (Hardware), Software), Type (Powered, Passive), Body Part (Full Body, Lower & Upper Extremities), Mobility (Stationary, Mobile), Structure (Rigid, Soft), Vertical and Region - Global Forecast to 2028
Exoskeleton Market by Component (Hardware), Software), Type (Powered, Passive), Body Part (Full Body, Lower & Upper Extremities), Mobility (Stationary, Mobile), Structure (Rigid, Soft), Vertical and Region - Global Forecast to 2028
Abstract
The global exoskeleton market size is expected to grow from USD 0.7 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 38.6%. The key factors driving the exoskeleton market growth are surging demand for exoskeletons from the healthcare vertical and rising development in robotic technologies.
“Full body segment is estimated to grow at a highest CAGR during the forecast period”
The full body segment is expected to grow at the highest CAGR of more than 45% from 2023 to 2028. This is mainly because of the growing interest of the governments of various countries toward the development of full-body exoskeletons, owing to the advantages these exoskeletons provide in the defense sector. Several countries are investing heavily in the development of this technology to further strengthen their security forces on borders. The main constraint for full-body exoskeletons is price sensitivity, which will decrease gradually as the overall market progresses.
“Stationary segment holds the second-largest share of exoskeleton market in 2022”
Stationary exoskeletons incorporate a fixed structure that is combined with a moving ground platform. They are mainly developed for virtual reality and telerobotic applications. These exoskeletons are mostly used in a variety of medical applications, such as in rehabilitation centers and hospitals, to treat spinal cord injuries and other mobility impairment disorders, which is estimated to increased its adoption in the coming years.
“North America region held the largest market share in 2022”
North America is expected to hold the largest share of the global exoskeleton market during 2023–2028. The growth of the market can be attributed to the presence of major players, their subsidiaries, distributors, and resellers in this region. Growing demand from the healthcare sector for rehabilitation, advancements in robotic technologies, and huge investments made for the development of exoskeleton technology are boosting the demand for exoskeletons in North America.
The break-up of the profiles of primary participants for the report has been given below:
•By Company Type: Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17%
•By Designation: C-Level Executives = 47%, Directors = 31%, and Others= 22%
•By Region: North America = 38%, Europe = 27%, Asia Pacific = 30%, and RoW = 05%
Major players operating in the exoskeleton market include CYBERDYNE INC. (Japan), Lockheed Martin Corporation (US), Ottobock (Germany), Ekso Bionics (US), DIH Medical (China), Sarcos Technology and Robotics Corporation (US), BIONIK (US), and B-Temia (Canada), among others.
Research Coverage:
The research report on the global exoskeleton market covers the market based on component, type, body part, mobility, structure, vertical, and region. Based on component, the market has been segmented into hardware and software. Hardware segment is further segregated into sensors, actuators, power sources, control systems/controllers, and others. Based on type, the market has been segmented into powered and passive. Based on body part, the market has been segmented into lower extremities, upper extremities, and full body. Based on mobility, the market has been segmented into stationary and mobile. Based on structure, the market has been segmented into rigid exoskeletons and soft exoskeletons. Based on vertical, the market has been segmented into healthcare, defense, industrial, and others. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
This report segments the exoskeleton market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different component, type, body part, mobility, vertical, and region.
The report helps stakeholders understand the pulse of the market, and expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
Content
Table of Contents
1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
1.2.1INCLUSIONS AND EXCLUSIONS28
1.3STUDY SCOPE29
1.3.1MARKETS COVERED29
FIGURE 1EXOSKELETON MARKET: SEGMENTATION29
1.3.2REGIONAL SCOPE30
1.3.3YEARS CONSIDERED30
1.4CURRENCY31
1.5LIMITATIONS31
1.6STAKEHOLDERS31
1.7SUMMARY OF CHANGES32
2RESEARCH METHODOLOGY33
2.1RESEARCH DATA33
FIGURE 2EXOSKELETON MARKET: RESEARCH DESIGN33
2.1.1SECONDARY AND PRIMARY RESEARCH34
2.1.2SECONDARY DATA35
2.1.2.1Major secondary sources35
2.1.2.2Key data from secondary sources35
2.1.3PRIMARY DATA36
2.1.3.1Primary interviews with experts36
2.1.3.2Key data from primary sources37
2.1.3.3Key industry insights37
2.1.3.4Breakdown of primaries38
2.2MARKET SIZE ESTIMATION38
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE) - REVENUE GENERATED THROUGH SALES OF PRODUCTS/SOLUTIONS/SERVICES PERTAINING TO EXOSKELETON39
2.2.1BOTTOM-UP APPROACH40
2.2.1.1Approach for arriving at market size using bottom-up analysis40
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH40
2.2.1.2Approach for capturing market sizing using top-down analysis41
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH41
2.3MARKET BREAKDOWN AND DATA TRIANGULATION42
FIGURE 6EXOSKELETON MARKET: DATA TRIANGULATION42
2.4RESEARCH ASSUMPTIONS AND LIMITATIONS43
2.4.1RESEARCH ASSUMPTIONS AND LIMITATIONS43
2.5APPROACH TO UNDERSTAND IMPACT OF RECESSION ON EXOSKELETON MARKET43
2.6LIMITATIONS AND RISK ASSESSMENT44
TABLE 1LIMITATIONS AND ASSOCIATED RISKS44
3EXECUTIVE SUMMARY45
FIGURE 7SOFTWARE SEGMENT TO HAVE HIGHER CAGR DURING FORECAST PERIOD45
FIGURE 8POWERED SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 202346
FIGURE 9LOWER EXTREMITY EXOSKELETONS TO DOMINATE MARKET IN 202347
FIGURE 10MOBILE SEGMENT TO GROW FASTEST DURING FORECAST PERIOD47
FIGURE 11HEALTHCARE SEGMENT TO LEAD EXOSKELETON MARKET IN 202348
FIGURE 12EXOSKELETON MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD49
3.1IMPACT OF RECESSION50
FIGURE 13GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES TILL 202350
FIGURE 14IMPACT OF UPCOMING RECESSION ON GLOBAL EXOSKELETON MARKET50
4PREMIUM INSIGHTS52
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN EXOSKELETON MARKET52
FIGURE 15DEMAND FOR HUMAN AUGMENTATION EQUIPMENT TO DRIVE MARKET ACROSS INDUSTRIAL AND MILITARY VERTICALS52
4.2EXOSKELETON MARKET, BY COMPONENT52
FIGURE 16EXOSKELETON MARKET FOR HARDWARE SEGMENT TO HOLD LARGEST SHARE IN 202352
4.3EXOSKELETON MARKET, BY TYPE53
FIGURE 17POWERED EXOSKELETON SEGMENT TO HAVE CAGR DURING FORECAST PERIOD53
4.4EXOSKELETON MARKET, BY BODY PART53
FIGURE 18LOWER EXTREMITIES SEGMENT TO DOMINATE EXOSKELETON MARKET IN 202353
4.5EXOSKELETON MARKET, BY MOBILITY54
FIGURE 19MOBILE SEGMENT TO HAVE HIGHEST CAGR DURING FORECAST PERIOD54
4.6EXOSKELETON MARKET, BY VERTICAL54
FIGURE 20HEALTHCARE TO BE DOMINANT VERTICAL IN 202354
4.7EXOSKELETON MARKET, BY REGION55
FIGURE 21ASIA PACIFIC EXOSKELETON MARKET TO GROW FASTEST DURING FORECAST PERIOD55
5MARKET OVERVIEW56
5.1INTRODUCTION56
5.2MARKET DYNAMICS56
FIGURE 22EXOSKELETON MARKET DYNAMICS56
5.2.1DRIVERS57
5.2.1.1Growing demand for robotic rehabilitation from healthcare sector57
FIGURE 23AGING POPULATION, BY REGION57
5.2.1.2Advancements in robotic technologies58
5.2.1.3High investment in development of exoskeleton technology59
FIGURE 24IMPACTS OF DRIVERS ON EXOSKELETON MARKET59
5.2.2RESTRAINTS60
5.2.2.1Regulatory challenges in securing approvals for medical applications of exoskeleton60
FIGURE 25IMPACTS OF RESTRAINTS ON EXOSKELETON MARKET60
5.2.3OPPORTUNITIES61
5.2.3.1Increasing adoption of human augmentation equipment in industrial and military sectors61
5.2.3.2Introduction of soft actuators in exoskeletons61
5.2.3.3Growing insurance coverage for exoskeletons62
FIGURE 26IMPACTS OF OPPORTUNITIES ON EXOSKELETON MARKET62
5.2.4CHALLENGES63
5.2.4.1High equipment cost63
TABLE 2PRICE OF POPULAR EXOSKELETONS63
FIGURE 27IMPACTS OF CHALLENGES ON EXOSKELETON MARKET63
5.3VALUE CHAIN ANALYSIS64
FIGURE 28VALUE CHAIN ANALYSIS: EXOSKELETON MARKET64
5.4ECOSYSTEM ANALYSIS65
FIGURE 29ECOSYSTEM: EXOSKELETON MARKET65
TABLE 3EXOSKELETON MARKET ECOSYSTEM66
5.5PRICING ANALYSIS67
5.5.1AVERAGE SELLING PRICE: TREND ANALYSIS67
FIGURE 30AVERAGE SELLING PRICE OF EXOSKELETON, BY TYPE (USD)67
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES68
5.7TECHNOLOGY ANALYSIS69
5.7.1INTERNET OF THINGS (IOT)69
5.7.2ARTIFICIAL INTELLIGENCE (AI)69
5.7.3MACHINE LEARNING (ML)69
5.8PORTER'S FIVE FORCES ANALYSIS69
TABLE 4PORTER'S FIVE FORCE ANALYSIS AND THEIR IMPACT (2022)70
5.8.1BARGAINING POWER OF SUPPLIERS70
5.8.2BARGAINING POWER OF BUYERS70
5.8.3THREAT OF NEW ENTRANTS70
5.8.4THREAT OF SUBSTITUTES70
5.8.5INTENSITY OF COMPETITIVE RIVALRY71
5.9CASE STUDY ANALYSIS71
5.9.1EKSO BIONICS IMPROVES PATIENT MOBILITY WITH HELP OF VODAFONE-MANAGED IOT CONNECTIVITY PLATFORM71
5.9.2RLS MAGNETIC ENCODERS ENABLE MARSI BIONICS TO DESIGN AND BUILD EXOSKELETON ORTHOPEDIC DEVICES71
5.9.3POLYCLINIC GLAVIC IN ZAGREB MEETS CHALLENGES BY PARTNERING WITH HOCOMA71
5.9.4EKSO BIONICS EXOSKELETONS HELP FORD MOTOR COMPANY IMPROVE WORKPLACE PRODUCTIVITY72
5.10TRADE ANALYSIS72
FIGURE 32IMPORT DATA FOR HS CODE 847950, BY KEY COUNTRY,
2017–2021 (USD MILLION)72
FIGURE 33EXPORT DATA FOR HS CODE 847950, BY KEY COUNTRY,
2017–2021 (USD MILLION)73
5.11PATENT ANALYSIS73
FIGURE 34TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS73
FIGURE 35NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 202174
TABLE 5TOP 20 PATENT OWNERS IN LAST 10 YEARS74
TABLE 6TOP 20 PATENTS GRANTED IN LAST 10 YEARS75
5.12TARIFF AND REGULATORY LANDSCAPE76
5.12.1MARKET REGULATIONS AND STANDARDS76
TABLE 7REGULATIONS AND STANDARDS FOR EXOSKELETONS77
6EXOSKELETON MARKET, BY COMPONENT78
6.1INTRODUCTION79
FIGURE 36EXOSKELETON MARKET, BY COMPONENT79
FIGURE 37HARDWARE SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD79
TABLE 8EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)80
TABLE 9EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)80
6.2HARDWARE81
6.2.1PLAYS KEY ROLE IN DEVELOPMENT OF EXOSKELETONS81
TABLE 10HARDWARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)81
TABLE 11HARDWARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)81
6.2.2SENSORS82
6.2.2.1Used to acquire information about surrounding environment82
6.2.2.2Gyroscopes82
6.2.2.2.1Used in exoskeletons to measure angular position of joints82
6.2.2.3Microphones82
6.2.2.3.1Assist exoskeletons in sound source localization82
6.2.2.4Accelerometers83
6.2.2.4.1Integrated into exoskeletons for measurement of non-gravitational acceleration forces83
6.2.2.5Tilt sensors83
6.2.2.5.1Measure tilt angle with respect to Earth’s ground plane in exoskeleton83
6.2.2.6Force/torque sensors83
6.2.2.6.1Used to measure relative interaction forces between user and robotic exoskeleton83
6.2.2.7Position sensors84
6.2.2.7.1Detect position by measuring distance between two points84
6.2.2.8Others84
6.2.3ACTUATORS84
6.2.3.1Used to produce either rotational or linear motion84
6.2.3.2Electrical84
6.2.3.2.1Exhibit higher speed compared with other actuators84
6.2.3.3Pneumatic85
6.2.3.3.1Used in systems that require quick and accurate responses85
6.2.3.4Hydraulic85
6.2.3.4.1Used in exoskeleton applications where heavy force and speed are required85
6.2.3.5Piezoelectric85
6.2.3.5.1Use converse piezoelectric effect for exact positioning of systems85
6.2.4POWER SOURCES85
6.2.4.1Batteries used for electrical connectivity in exoskeletons85
6.2.5CONTROL SYSTEMS/CONTROLLERS86
6.2.5.1Controllers used to control movement of exoskeleton86
6.2.6OTHERS86
6.3SOFTWARE86
6.3.1PROGRAMMED ACCORDING TO TASK REQUIRED TO BE PERFORMED BY EXOSKELETONS86
TABLE 12SOFTWARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)87
TABLE 13SOFTWARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)87
7EXOSKELETON MARKET, BY TYPE88
7.1INTRODUCTION89
FIGURE 38EXOSKELETON MARKET, BY TYPE89
FIGURE 39POWERED SEGMENT PROJECTED TO HAVE HIGHEST GROWTH RATE BY 202889
TABLE 14EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)90
TABLE 15EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)90
7.2POWERED90
7.2.1POWERED EXOSKELETONS INCREASE ENDURANCE AND STRENGTH OF WEARER90
TABLE 16POWERED: EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)91
TABLE 17POWERED: EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)91
TABLE 18POWERED: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)91
TABLE 19POWERED: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)92
TABLE 20POWERED: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)92
TABLE 21POWERED: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)92
7.3PASSIVE93
7.3.1PASSIVE EXOSKELETONS REQUIRE LOWER PRODUCTION COST93
TABLE 22PASSIVE: EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)93
TABLE 23PASSIVE: EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)93
TABLE 24PASSIVE: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)94
TABLE 25PASSIVE: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)94
TABLE 26PASSIVE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)94
TABLE 27PASSIVE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)95
8EXOSKELETON MARKET, BY BODY PART96
8.1INTRODUCTION97
FIGURE 40EXOSKELETON MARKET, BY BODY PART97
FIGURE 41LOWER EXTREMITIES SEGMENT TO DOMINATE EXOSKELETON MARKET IN 202397
TABLE 28EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)98
TABLE 29EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)98
8.2LOWER EXTREMITIES98
8.2.1HELP PATIENTS IMPROVE MOTOR PERFORMANCE98
TABLE 30LOWER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)99
TABLE 31LOWER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)99
8.3UPPER EXTREMITIES100
8.3.1ACT AS HUMAN EXTENDERS TO LIFT HEAVY OBJECTS100
TABLE 32UPPER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)100
TABLE 33UPPER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)100
8.4FULL BODY101
8.4.1EXOSKELETONS DESIGNED TO ASSIST IN FULL-BODY MOTION101
TABLE 34FULL BODY: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)101
TABLE 35FULL BODY: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)101
9EXOSKELETON MARKET, BY MOBILITY102
9.1INTRODUCTION103
FIGURE 42EXOSKELETON MARKET, BY MOBILITY103
FIGURE 43MOBILE SEGMENT EXPECTED TO HOLD LARGEST SHARE DURING FORECAST PERIOD103
TABLE 36EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)104
TABLE 37EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)104
9.2STATIONARY104
9.2.1STATIONARY EXOSKELETONS WIDELY USED IN MEDICAL APPLICATIONS104
TABLE 38STATIONARY EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)105
TABLE 39STATIONARY EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)105
9.3MOBILE105
9.3.1MOBILE EXOSKELETONS USED TO AUGMENT PHYSICAL ABILITIES OF ABLE-BODIED HUMANS105
TABLE 40MOBILE EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)106
TABLE 41MOBILE EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)106
10EXOSKELETON MARKET, BY STRUCTURE107
10.1INTRODUCTION107
FIGURE 44EXOSKELETON MARKET, BY STRUCTURE107
10.2RIGID EXOSKELETONS107
10.2.1RIGID EXOSKELETONS PROVIDE HIGHER TORQUE ACCURATELY AND QUICKLY107
10.3SOFT EXOSKELETONS108
10.3.1SOFT EXOSKELETONS SUITABLE FOR APPLICATIONS THAT DEMAND MINIMAL ASSISTANCE108
11EXOSKELETON MARKET, BY VERTICAL109
11.1INTRODUCTION110
FIGURE 45EXOSKELETON MARKET, BY VERTICAL110
FIGURE 46HEALTHCARE SEGMENT TO DOMINATE EXOSKELETON MARKET IN 2023110
TABLE 42EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)111
TABLE 43EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)111
11.2HEALTHCARE112
11.2.1INCREASING ADOPTION OF EXOSKELETONS IN REHABILITATION CENTERS112
TABLE 44HEALTHCARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)112
TABLE 45HEALTHCARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)113
TABLE 46HEALTHCARE: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)113
TABLE 47HEALTHCARE: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)113
TABLE 48HEALTHCARE: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)113
TABLE 49HEALTHCARE: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)114
TABLE 50HEALTHCARE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)114
TABLE 51HEALTHCARE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)114
11.3DEFENSE115
11.3.1HIGH INVESTMENT IN EXOSKELETONS FROM DEFENSE SECTORS OF VARIOUS COUNTRIES115
TABLE 52DEFENSE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)115
TABLE 53DEFENSE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)115
TABLE 54DEFENSE: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)116
TABLE 55DEFENSE: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)116
TABLE 56DEFENSE: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)116
TABLE 57DEFENSE: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)116
TABLE 58DEFENSE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)117
TABLE 59DEFENSE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)117
11.4INDUSTRIAL117
11.4.1DEPLOYMENT OF EXOSKELETONS IN INDUSTRIES TO MAXIMIZE SAFETY AND PRODUCTIVITY117
TABLE 60INDUSTRIAL: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)118
TABLE 61INDUSTRIAL: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)118
TABLE 62INDUSTRIAL: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)118
TABLE 63INDUSTRIAL: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)119
TABLE 64INDUSTRIAL: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)119
TABLE 65INDUSTRIAL: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)119
TABLE 66INDUSTRIAL: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)119
TABLE 67INDUSTRIAL: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)120
11.5OTHERS120
TABLE 68OTHERS: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)120
TABLE 69OTHERS: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)120
TABLE 70OTHERS: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)121
TABLE 71OTHERS: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)121
TABLE 72OTHERS: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)121
TABLE 73OTHERS: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)121
TABLE 74OTHERS: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)122
TABLE 75OTHERS: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)122
12EXOSKELETON MARKET, BY REGION123
12.1INTRODUCTION124
FIGURE 47EXOSKELETON MARKET, BY REGION124
FIGURE 48REGIONAL SNAPSHOT OF EXOSKELETON MARKET, 2023–2028124
TABLE 76EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)125
TABLE 77EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)125
12.2NORTH AMERICA126
FIGURE 49NORTH AMERICA: EXOSKELETON MARKET SNAPSHOT127
FIGURE 50US TO DOMINATE NORTH AMERICAN EXOSKELETON MARKET IN 2023128
TABLE 78NORTH AMERICA: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)128
TABLE 79NORTH AMERICA: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)128
TABLE 80NORTH AMERICA: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)129
TABLE 81NORTH AMERICA: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)129
TABLE 82NORTH AMERICA: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)129
TABLE 83NORTH AMERICA: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)129
12.2.1US130
12.2.1.1Increasing use of exoskeletons in healthcare and military sectors130
12.2.2CANADA130
12.2.2.1Emergence of various robotic startup companies130
12.2.3MEXICO131
12.2.3.1Increasing prevalence of industrial automation131
12.3EUROPE131
FIGURE 51EUROPE: EXOSKELETON MARKET SNAPSHOT132
FIGURE 52UK TO LEAD EUROPEAN EXOSKELETON MARKET IN 2023133
TABLE 84EUROPE: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)133
TABLE 85EUROPE: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)133
TABLE 86EUROPE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)134
TABLE 87EUROPE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)134
TABLE 88EUROPE: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)134
TABLE 89EUROPE: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)134
12.3.1UK135
12.3.1.1Demand for exoskeletons for healthcare and personal assistance applications to support market growth135
12.3.2GERMANY135
12.3.2.1Early adoption of exoskeletons propels demand135
12.3.3FRANCE136
12.3.3.1Government support for robotics research to foster exoskeleton market growth136
12.3.4REST OF EUROPE136
12.4ASIA PACIFIC136
FIGURE 53ASIA PACIFIC: EXOSKELETON MARKET SNAPSHOT137
FIGURE 54JAPAN TO GROW AT HIGHEST CAGR IN ASIA PACIFIC EXOSKELETON MARKET138
TABLE 90ASIA PACIFIC: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)138
TABLE 91ASIA PACIFIC: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)138
TABLE 92ASIA PACIFIC: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)139
TABLE 93ASIA PACIFIC: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)139
TABLE 94ASIA PACIFIC: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)139
TABLE 95ASIA PACIFIC: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)139
12.4.1JAPAN140
12.4.1.1Aging population and reduced workforce to fuel demand140
12.4.2CHINA140
12.4.2.1Emergence of new exoskeleton companies to augment market growth140
12.4.3INDIA141
12.4.3.1Initiation of various automotive manufacturing projects to fuel exoskeleton market141
12.4.4SOUTH KOREA141
12.4.4.1Focusing on integrating information and robot technologies in industrial operations to favor market growth141
12.4.5REST OF ASIA PACIFIC142
12.5REST OF THE WORLD (ROW)142
FIGURE 55MIDDLE EAST & AFRICA TO COMMAND ROW EXOSKELETON MARKET IN 2023142
TABLE 96ROW: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)143
TABLE 97ROW: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)143
TABLE 98ROW: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)143
TABLE 99ROW: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)143
TABLE 100ROW: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)144
TABLE 101ROW: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)144
12.5.1SOUTH AMERICA144
12.5.1.1Rising investment in defense vertical to lead to demand for exoskeletons144
12.5.2MIDDLE EAST & AFRICA145
12.5.2.1Increasing adoption of exoskeletons in search & rescue and defense applications to drive market145
13COMPETITIVE LANDSCAPE146
13.1INTRODUCTION146
TABLE 102KEY DEVELOPMENTS IN EXOSKELETON MARKET (2020–2022)146
13.2REVENUE ANALYSIS OF TOP COMPANIES148
FIGURE 56EXOSKELETON MARKET: REVENUE ANALYSIS (2021)148
13.3MARKET SHARE ANALYSIS OF TOP PLAYERS, 2022148
TABLE 103EXOSKELETON MARKET: DEGREE OF COMPETITION149
13.4COMPANY EVALUATION QUADRANT, 2022150
13.4.1STARS150
13.4.2EMERGING LEADERS150
13.4.3PERVASIVE PLAYERS150
13.4.4PARTICIPANTS150
FIGURE 57EXOSKELETON MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022151
13.5SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022152
13.5.1PROGRESSIVE COMPANIES152
13.5.2RESPONSIVE COMPANIES152
13.5.3DYNAMIC COMPANIES152
13.5.4STARTING BLOCKS152
FIGURE 58EXOSKELETON MARKET (GLOBAL): SME EVALUATION QUADRANT, 2022153
13.6EXOSKELETON MARKET: COMPANY FOOTPRINT154
TABLE 104COMPANY TYPE FOOTPRINT154
TABLE 105COMPANY VERTICAL FOOTPRINT155
TABLE 106COMPANY REGION FOOTPRINT156
TABLE 107COMPANY FOOTPRINT157
13.7COMPETITIVE SCENARIO AND TRENDS158
13.7.1PRODUCT LAUNCHES AND DEVELOPMENTS158
TABLE 108EXOSKELETON MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS,
2020–2022158
13.7.2DEALS160
TABLE 109EXOSKELETON MARKET: DEALS, 2020–2022160
14COMPANY PROFILES166
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1KEY PLAYERS166
14.1.1OTTOBOCK166
TABLE 110OTTOBOCK: BUSINESS OVERVIEW166
TABLE 111OTTOBOCK: PRODUCT OFFERINGS167
TABLE 112OTTOBOCK: PRODUCT LAUNCHES & DEVELOPMENTS167
TABLE 113OTTOBOCK: DEALS168
14.1.2DIH MEDICAL169
TABLE 114DIH MEDICAL: BUSINESS OVERVIEW169
TABLE 115DIH MEDICAL: PRODUCT OFFERINGS169
TABLE 116DIH MEDICAL: DEALS170
14.1.3CYBERDYNE INC.173
TABLE 117CYBERDYNE INC.: BUSINESS OVERVIEW173
FIGURE 59CYBERDYNE INC.: COMPANY SNAPSHOT174
TABLE 118CYBERDYNE INC.: PRODUCT OFFERINGS174
TABLE 119CYBERDYNE INC.: DEALS175
14.1.4EKSO BIONICS177
TABLE 120EKSO BIONICS: BUSINESS OVERVIEW177
FIGURE 60EKSO BIONICS: COMPANY SNAPSHOT178
TABLE 121EKSO BIONICS: PRODUCT OFFERINGS178
TABLE 122EKSO BIONICS: PRODUCT LAUNCHES & DEVELOPMENTS179
TABLE 123EKSO BIONICS: DEALS179
14.1.5LOCKHEED MARTIN CORPORATION182
TABLE 124LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW182
FIGURE 61LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT183
TABLE 125LOCKHEED MARTIN CORPORATION: PRODUCT OFFERINGS183
14.1.6SARCOS TECHNOLOGY AND ROBOTICS CORPORATION185
TABLE 126SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: BUSINESS OVERVIEW185
FIGURE 62SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: COMPANY SNAPSHOT185
TABLE 127SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: PRODUCT OFFERINGS186
TABLE 128SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: PRODUCT LAUNCHES & DEVELOPMENTS186
TABLE 129SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: DEALS186
14.1.7BIONIK188
TABLE 130BIONIK: BUSINESS OVERVIEW188
FIGURE 63BIONIK: COMPANY SNAPSHOT189
TABLE 131BIONIK: PRODUCT OFFERINGS189
TABLE 132BIONIK: PRODUCT LAUNCHES & DEVELOPMENTS189
TABLE 133BIONIK: DEALS190
14.1.8B-TEMIA191
TABLE 134B-TEMIA: BUSINESS OVERVIEW191
TABLE 135B-TEMIA: PRODUCT OFFERINGS191
TABLE 136B-TEMIA: PRODUCT LAUNCHES & DEVELOPMENTS191
14.1.9MEDITOUCH192
TABLE 137MEDITOUCH: BUSINESS OVERVIEW192
TABLE 138MEDITOUCH: PRODUCT OFFERINGS192
14.1.10REWALK ROBOTICS194
TABLE 139REWALK ROBOTICS: BUSINESS OVERVIEW194
FIGURE 64REWALK ROBOTICS: COMPANY SNAPSHOT195
TABLE 140REWALK ROBOTICS: PRODUCT OFFERINGS195
TABLE 141REWALK ROBOTICS: DEALS196
14.2OTHER PLAYERS198
14.2.1DAIYA INDUSTRY CO., LTD.198
14.2.2EUROPE TECHNOLOGIES199
14.2.3EXHAUSS200
14.2.4FOCAL MEDITECH201
14.2.5FOURIER INTELLIGENCE202
14.2.6GOGOA.EU203
14.2.7HONDA MOTOR CO., LTD.204
14.2.8HYUNDAI MOTOR COMPANY205
14.2.9MITSUBISHI HEAVY INDUSTRIES, LTD.206
14.2.10MYOMO INC.207
14.2.11LAEVO EXOSKELETONS207
14.2.12P&S MECHANICS CO. LTD.208
14.2.13REX BIONICS LTD.209
14.2.14RB3D210
14.2.15WANDERCRAFT210
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15ADJACENT & RELATED MARKETS211
15.1INTRODUCTION211
15.2LIMITATIONS211
15.3COLLABORATIVE ROBOT MARKET, BY PAYLOAD211
15.3.1INTRODUCTION211
TABLE 142COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2018–2021 (USD MILLION)212
TABLE 143COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2022–2028 (USD MILLION)212
15.4UP TO 5 KG213
15.4.1COBOTS WITH PAYLOAD CAPACITY BELOW 5 KG INHERENTLY SAFE213
TABLE 144COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG213
TABLE 145UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)214
TABLE 146UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)214
TABLE 147UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)215
TABLE 148UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2022–2028 (USD MILLION)215
15.55–10 KG216
15.5.1IN-BUILT FORCE SENSORS POSSIBLE IN 5–10 KG COBOTS216
TABLE 149COMPANIES OFFERING COBOTS WITH 5–10 KG PAYLOAD CAPACITY217
TABLE 1505–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)217
TABLE 1515–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)218
TABLE 1525–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)218
TABLE 1535–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY,
2022–2028 (USD MILLION)219
15.6MORE THAN 10 KG220
15.6.1ADVANCES IN ROBOTIC HARDWARE TO ENABLE DEVELOPMENT OF
MORE THAN 10 KG PAYLOAD COBOTS220
TABLE 154COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY OF
MORE THAN 10 KG220
TABLE 155MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)221
TABLE 156MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET,
BY APPLICATION, 2022–2028 (USD MILLION)221
TABLE 157MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET,
BY INDUSTRY, 2018–2021 (USD MILLION)222
TABLE 158MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET,
BY INDUSTRY, 2022–2028 (USD MILLION)222
16APPENDIX224
16.1INSIGHTS OF INDUSTRY EXPERTS224
16.2DISCUSSION GUIDE225
16.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL228
16.4CUSTOMIZATION OPTIONS230
16.5RELATED REPORTS230
16.6AUTHOR DETAILS231
“Full body segment is estimated to grow at a highest CAGR during the forecast period”
The full body segment is expected to grow at the highest CAGR of more than 45% from 2023 to 2028. This is mainly because of the growing interest of the governments of various countries toward the development of full-body exoskeletons, owing to the advantages these exoskeletons provide in the defense sector. Several countries are investing heavily in the development of this technology to further strengthen their security forces on borders. The main constraint for full-body exoskeletons is price sensitivity, which will decrease gradually as the overall market progresses.
“Stationary segment holds the second-largest share of exoskeleton market in 2022”
Stationary exoskeletons incorporate a fixed structure that is combined with a moving ground platform. They are mainly developed for virtual reality and telerobotic applications. These exoskeletons are mostly used in a variety of medical applications, such as in rehabilitation centers and hospitals, to treat spinal cord injuries and other mobility impairment disorders, which is estimated to increased its adoption in the coming years.
“North America region held the largest market share in 2022”
North America is expected to hold the largest share of the global exoskeleton market during 2023–2028. The growth of the market can be attributed to the presence of major players, their subsidiaries, distributors, and resellers in this region. Growing demand from the healthcare sector for rehabilitation, advancements in robotic technologies, and huge investments made for the development of exoskeleton technology are boosting the demand for exoskeletons in North America.
The break-up of the profiles of primary participants for the report has been given below:
•By Company Type: Tier 1 = 52%, Tier 2 = 31%, and Tier 3 = 17%
•By Designation: C-Level Executives = 47%, Directors = 31%, and Others= 22%
•By Region: North America = 38%, Europe = 27%, Asia Pacific = 30%, and RoW = 05%
Major players operating in the exoskeleton market include CYBERDYNE INC. (Japan), Lockheed Martin Corporation (US), Ottobock (Germany), Ekso Bionics (US), DIH Medical (China), Sarcos Technology and Robotics Corporation (US), BIONIK (US), and B-Temia (Canada), among others.
Research Coverage:
The research report on the global exoskeleton market covers the market based on component, type, body part, mobility, structure, vertical, and region. Based on component, the market has been segmented into hardware and software. Hardware segment is further segregated into sensors, actuators, power sources, control systems/controllers, and others. Based on type, the market has been segmented into powered and passive. Based on body part, the market has been segmented into lower extremities, upper extremities, and full body. Based on mobility, the market has been segmented into stationary and mobile. Based on structure, the market has been segmented into rigid exoskeletons and soft exoskeletons. Based on vertical, the market has been segmented into healthcare, defense, industrial, and others. The report covers four major regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Key Benefits of Buying the Report:
This report segments the exoskeleton market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across different component, type, body part, mobility, vertical, and region.
The report helps stakeholders understand the pulse of the market, and expected market scenario and provides information on key market drivers, restraints, challenges, and opportunities.
1INTRODUCTION27
1.1STUDY OBJECTIVES27
1.2MARKET DEFINITION27
1.2.1INCLUSIONS AND EXCLUSIONS28
1.3STUDY SCOPE29
1.3.1MARKETS COVERED29
FIGURE 1EXOSKELETON MARKET: SEGMENTATION29
1.3.2REGIONAL SCOPE30
1.3.3YEARS CONSIDERED30
1.4CURRENCY31
1.5LIMITATIONS31
1.6STAKEHOLDERS31
1.7SUMMARY OF CHANGES32
2RESEARCH METHODOLOGY33
2.1RESEARCH DATA33
FIGURE 2EXOSKELETON MARKET: RESEARCH DESIGN33
2.1.1SECONDARY AND PRIMARY RESEARCH34
2.1.2SECONDARY DATA35
2.1.2.1Major secondary sources35
2.1.2.2Key data from secondary sources35
2.1.3PRIMARY DATA36
2.1.3.1Primary interviews with experts36
2.1.3.2Key data from primary sources37
2.1.3.3Key industry insights37
2.1.3.4Breakdown of primaries38
2.2MARKET SIZE ESTIMATION38
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE) - REVENUE GENERATED THROUGH SALES OF PRODUCTS/SOLUTIONS/SERVICES PERTAINING TO EXOSKELETON39
2.2.1BOTTOM-UP APPROACH40
2.2.1.1Approach for arriving at market size using bottom-up analysis40
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH40
2.2.1.2Approach for capturing market sizing using top-down analysis41
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH41
2.3MARKET BREAKDOWN AND DATA TRIANGULATION42
FIGURE 6EXOSKELETON MARKET: DATA TRIANGULATION42
2.4RESEARCH ASSUMPTIONS AND LIMITATIONS43
2.4.1RESEARCH ASSUMPTIONS AND LIMITATIONS43
2.5APPROACH TO UNDERSTAND IMPACT OF RECESSION ON EXOSKELETON MARKET43
2.6LIMITATIONS AND RISK ASSESSMENT44
TABLE 1LIMITATIONS AND ASSOCIATED RISKS44
3EXECUTIVE SUMMARY45
FIGURE 7SOFTWARE SEGMENT TO HAVE HIGHER CAGR DURING FORECAST PERIOD45
FIGURE 8POWERED SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 202346
FIGURE 9LOWER EXTREMITY EXOSKELETONS TO DOMINATE MARKET IN 202347
FIGURE 10MOBILE SEGMENT TO GROW FASTEST DURING FORECAST PERIOD47
FIGURE 11HEALTHCARE SEGMENT TO LEAD EXOSKELETON MARKET IN 202348
FIGURE 12EXOSKELETON MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD49
3.1IMPACT OF RECESSION50
FIGURE 13GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES TILL 202350
FIGURE 14IMPACT OF UPCOMING RECESSION ON GLOBAL EXOSKELETON MARKET50
4PREMIUM INSIGHTS52
4.1ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN EXOSKELETON MARKET52
FIGURE 15DEMAND FOR HUMAN AUGMENTATION EQUIPMENT TO DRIVE MARKET ACROSS INDUSTRIAL AND MILITARY VERTICALS52
4.2EXOSKELETON MARKET, BY COMPONENT52
FIGURE 16EXOSKELETON MARKET FOR HARDWARE SEGMENT TO HOLD LARGEST SHARE IN 202352
4.3EXOSKELETON MARKET, BY TYPE53
FIGURE 17POWERED EXOSKELETON SEGMENT TO HAVE CAGR DURING FORECAST PERIOD53
4.4EXOSKELETON MARKET, BY BODY PART53
FIGURE 18LOWER EXTREMITIES SEGMENT TO DOMINATE EXOSKELETON MARKET IN 202353
4.5EXOSKELETON MARKET, BY MOBILITY54
FIGURE 19MOBILE SEGMENT TO HAVE HIGHEST CAGR DURING FORECAST PERIOD54
4.6EXOSKELETON MARKET, BY VERTICAL54
FIGURE 20HEALTHCARE TO BE DOMINANT VERTICAL IN 202354
4.7EXOSKELETON MARKET, BY REGION55
FIGURE 21ASIA PACIFIC EXOSKELETON MARKET TO GROW FASTEST DURING FORECAST PERIOD55
5MARKET OVERVIEW56
5.1INTRODUCTION56
5.2MARKET DYNAMICS56
FIGURE 22EXOSKELETON MARKET DYNAMICS56
5.2.1DRIVERS57
5.2.1.1Growing demand for robotic rehabilitation from healthcare sector57
FIGURE 23AGING POPULATION, BY REGION57
5.2.1.2Advancements in robotic technologies58
5.2.1.3High investment in development of exoskeleton technology59
FIGURE 24IMPACTS OF DRIVERS ON EXOSKELETON MARKET59
5.2.2RESTRAINTS60
5.2.2.1Regulatory challenges in securing approvals for medical applications of exoskeleton60
FIGURE 25IMPACTS OF RESTRAINTS ON EXOSKELETON MARKET60
5.2.3OPPORTUNITIES61
5.2.3.1Increasing adoption of human augmentation equipment in industrial and military sectors61
5.2.3.2Introduction of soft actuators in exoskeletons61
5.2.3.3Growing insurance coverage for exoskeletons62
FIGURE 26IMPACTS OF OPPORTUNITIES ON EXOSKELETON MARKET62
5.2.4CHALLENGES63
5.2.4.1High equipment cost63
TABLE 2PRICE OF POPULAR EXOSKELETONS63
FIGURE 27IMPACTS OF CHALLENGES ON EXOSKELETON MARKET63
5.3VALUE CHAIN ANALYSIS64
FIGURE 28VALUE CHAIN ANALYSIS: EXOSKELETON MARKET64
5.4ECOSYSTEM ANALYSIS65
FIGURE 29ECOSYSTEM: EXOSKELETON MARKET65
TABLE 3EXOSKELETON MARKET ECOSYSTEM66
5.5PRICING ANALYSIS67
5.5.1AVERAGE SELLING PRICE: TREND ANALYSIS67
FIGURE 30AVERAGE SELLING PRICE OF EXOSKELETON, BY TYPE (USD)67
5.6TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES68
5.7TECHNOLOGY ANALYSIS69
5.7.1INTERNET OF THINGS (IOT)69
5.7.2ARTIFICIAL INTELLIGENCE (AI)69
5.7.3MACHINE LEARNING (ML)69
5.8PORTER'S FIVE FORCES ANALYSIS69
TABLE 4PORTER'S FIVE FORCE ANALYSIS AND THEIR IMPACT (2022)70
5.8.1BARGAINING POWER OF SUPPLIERS70
5.8.2BARGAINING POWER OF BUYERS70
5.8.3THREAT OF NEW ENTRANTS70
5.8.4THREAT OF SUBSTITUTES70
5.8.5INTENSITY OF COMPETITIVE RIVALRY71
5.9CASE STUDY ANALYSIS71
5.9.1EKSO BIONICS IMPROVES PATIENT MOBILITY WITH HELP OF VODAFONE-MANAGED IOT CONNECTIVITY PLATFORM71
5.9.2RLS MAGNETIC ENCODERS ENABLE MARSI BIONICS TO DESIGN AND BUILD EXOSKELETON ORTHOPEDIC DEVICES71
5.9.3POLYCLINIC GLAVIC IN ZAGREB MEETS CHALLENGES BY PARTNERING WITH HOCOMA71
5.9.4EKSO BIONICS EXOSKELETONS HELP FORD MOTOR COMPANY IMPROVE WORKPLACE PRODUCTIVITY72
5.10TRADE ANALYSIS72
FIGURE 32IMPORT DATA FOR HS CODE 847950, BY KEY COUNTRY,
2017–2021 (USD MILLION)72
FIGURE 33EXPORT DATA FOR HS CODE 847950, BY KEY COUNTRY,
2017–2021 (USD MILLION)73
5.11PATENT ANALYSIS73
FIGURE 34TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS73
FIGURE 35NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 202174
TABLE 5TOP 20 PATENT OWNERS IN LAST 10 YEARS74
TABLE 6TOP 20 PATENTS GRANTED IN LAST 10 YEARS75
5.12TARIFF AND REGULATORY LANDSCAPE76
5.12.1MARKET REGULATIONS AND STANDARDS76
TABLE 7REGULATIONS AND STANDARDS FOR EXOSKELETONS77
6EXOSKELETON MARKET, BY COMPONENT78
6.1INTRODUCTION79
FIGURE 36EXOSKELETON MARKET, BY COMPONENT79
FIGURE 37HARDWARE SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD79
TABLE 8EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)80
TABLE 9EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)80
6.2HARDWARE81
6.2.1PLAYS KEY ROLE IN DEVELOPMENT OF EXOSKELETONS81
TABLE 10HARDWARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)81
TABLE 11HARDWARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)81
6.2.2SENSORS82
6.2.2.1Used to acquire information about surrounding environment82
6.2.2.2Gyroscopes82
6.2.2.2.1Used in exoskeletons to measure angular position of joints82
6.2.2.3Microphones82
6.2.2.3.1Assist exoskeletons in sound source localization82
6.2.2.4Accelerometers83
6.2.2.4.1Integrated into exoskeletons for measurement of non-gravitational acceleration forces83
6.2.2.5Tilt sensors83
6.2.2.5.1Measure tilt angle with respect to Earth’s ground plane in exoskeleton83
6.2.2.6Force/torque sensors83
6.2.2.6.1Used to measure relative interaction forces between user and robotic exoskeleton83
6.2.2.7Position sensors84
6.2.2.7.1Detect position by measuring distance between two points84
6.2.2.8Others84
6.2.3ACTUATORS84
6.2.3.1Used to produce either rotational or linear motion84
6.2.3.2Electrical84
6.2.3.2.1Exhibit higher speed compared with other actuators84
6.2.3.3Pneumatic85
6.2.3.3.1Used in systems that require quick and accurate responses85
6.2.3.4Hydraulic85
6.2.3.4.1Used in exoskeleton applications where heavy force and speed are required85
6.2.3.5Piezoelectric85
6.2.3.5.1Use converse piezoelectric effect for exact positioning of systems85
6.2.4POWER SOURCES85
6.2.4.1Batteries used for electrical connectivity in exoskeletons85
6.2.5CONTROL SYSTEMS/CONTROLLERS86
6.2.5.1Controllers used to control movement of exoskeleton86
6.2.6OTHERS86
6.3SOFTWARE86
6.3.1PROGRAMMED ACCORDING TO TASK REQUIRED TO BE PERFORMED BY EXOSKELETONS86
TABLE 12SOFTWARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)87
TABLE 13SOFTWARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)87
7EXOSKELETON MARKET, BY TYPE88
7.1INTRODUCTION89
FIGURE 38EXOSKELETON MARKET, BY TYPE89
FIGURE 39POWERED SEGMENT PROJECTED TO HAVE HIGHEST GROWTH RATE BY 202889
TABLE 14EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)90
TABLE 15EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)90
7.2POWERED90
7.2.1POWERED EXOSKELETONS INCREASE ENDURANCE AND STRENGTH OF WEARER90
TABLE 16POWERED: EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)91
TABLE 17POWERED: EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)91
TABLE 18POWERED: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)91
TABLE 19POWERED: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)92
TABLE 20POWERED: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)92
TABLE 21POWERED: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)92
7.3PASSIVE93
7.3.1PASSIVE EXOSKELETONS REQUIRE LOWER PRODUCTION COST93
TABLE 22PASSIVE: EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)93
TABLE 23PASSIVE: EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)93
TABLE 24PASSIVE: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)94
TABLE 25PASSIVE: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)94
TABLE 26PASSIVE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)94
TABLE 27PASSIVE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)95
8EXOSKELETON MARKET, BY BODY PART96
8.1INTRODUCTION97
FIGURE 40EXOSKELETON MARKET, BY BODY PART97
FIGURE 41LOWER EXTREMITIES SEGMENT TO DOMINATE EXOSKELETON MARKET IN 202397
TABLE 28EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)98
TABLE 29EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)98
8.2LOWER EXTREMITIES98
8.2.1HELP PATIENTS IMPROVE MOTOR PERFORMANCE98
TABLE 30LOWER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)99
TABLE 31LOWER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)99
8.3UPPER EXTREMITIES100
8.3.1ACT AS HUMAN EXTENDERS TO LIFT HEAVY OBJECTS100
TABLE 32UPPER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)100
TABLE 33UPPER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)100
8.4FULL BODY101
8.4.1EXOSKELETONS DESIGNED TO ASSIST IN FULL-BODY MOTION101
TABLE 34FULL BODY: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)101
TABLE 35FULL BODY: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)101
9EXOSKELETON MARKET, BY MOBILITY102
9.1INTRODUCTION103
FIGURE 42EXOSKELETON MARKET, BY MOBILITY103
FIGURE 43MOBILE SEGMENT EXPECTED TO HOLD LARGEST SHARE DURING FORECAST PERIOD103
TABLE 36EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)104
TABLE 37EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)104
9.2STATIONARY104
9.2.1STATIONARY EXOSKELETONS WIDELY USED IN MEDICAL APPLICATIONS104
TABLE 38STATIONARY EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)105
TABLE 39STATIONARY EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)105
9.3MOBILE105
9.3.1MOBILE EXOSKELETONS USED TO AUGMENT PHYSICAL ABILITIES OF ABLE-BODIED HUMANS105
TABLE 40MOBILE EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)106
TABLE 41MOBILE EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)106
10EXOSKELETON MARKET, BY STRUCTURE107
10.1INTRODUCTION107
FIGURE 44EXOSKELETON MARKET, BY STRUCTURE107
10.2RIGID EXOSKELETONS107
10.2.1RIGID EXOSKELETONS PROVIDE HIGHER TORQUE ACCURATELY AND QUICKLY107
10.3SOFT EXOSKELETONS108
10.3.1SOFT EXOSKELETONS SUITABLE FOR APPLICATIONS THAT DEMAND MINIMAL ASSISTANCE108
11EXOSKELETON MARKET, BY VERTICAL109
11.1INTRODUCTION110
FIGURE 45EXOSKELETON MARKET, BY VERTICAL110
FIGURE 46HEALTHCARE SEGMENT TO DOMINATE EXOSKELETON MARKET IN 2023110
TABLE 42EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)111
TABLE 43EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)111
11.2HEALTHCARE112
11.2.1INCREASING ADOPTION OF EXOSKELETONS IN REHABILITATION CENTERS112
TABLE 44HEALTHCARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)112
TABLE 45HEALTHCARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)113
TABLE 46HEALTHCARE: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)113
TABLE 47HEALTHCARE: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)113
TABLE 48HEALTHCARE: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)113
TABLE 49HEALTHCARE: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)114
TABLE 50HEALTHCARE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)114
TABLE 51HEALTHCARE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)114
11.3DEFENSE115
11.3.1HIGH INVESTMENT IN EXOSKELETONS FROM DEFENSE SECTORS OF VARIOUS COUNTRIES115
TABLE 52DEFENSE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)115
TABLE 53DEFENSE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)115
TABLE 54DEFENSE: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)116
TABLE 55DEFENSE: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)116
TABLE 56DEFENSE: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)116
TABLE 57DEFENSE: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)116
TABLE 58DEFENSE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)117
TABLE 59DEFENSE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)117
11.4INDUSTRIAL117
11.4.1DEPLOYMENT OF EXOSKELETONS IN INDUSTRIES TO MAXIMIZE SAFETY AND PRODUCTIVITY117
TABLE 60INDUSTRIAL: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)118
TABLE 61INDUSTRIAL: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)118
TABLE 62INDUSTRIAL: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)118
TABLE 63INDUSTRIAL: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)119
TABLE 64INDUSTRIAL: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)119
TABLE 65INDUSTRIAL: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)119
TABLE 66INDUSTRIAL: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)119
TABLE 67INDUSTRIAL: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)120
11.5OTHERS120
TABLE 68OTHERS: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)120
TABLE 69OTHERS: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)120
TABLE 70OTHERS: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)121
TABLE 71OTHERS: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)121
TABLE 72OTHERS: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)121
TABLE 73OTHERS: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)121
TABLE 74OTHERS: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)122
TABLE 75OTHERS: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)122
12EXOSKELETON MARKET, BY REGION123
12.1INTRODUCTION124
FIGURE 47EXOSKELETON MARKET, BY REGION124
FIGURE 48REGIONAL SNAPSHOT OF EXOSKELETON MARKET, 2023–2028124
TABLE 76EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)125
TABLE 77EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)125
12.2NORTH AMERICA126
FIGURE 49NORTH AMERICA: EXOSKELETON MARKET SNAPSHOT127
FIGURE 50US TO DOMINATE NORTH AMERICAN EXOSKELETON MARKET IN 2023128
TABLE 78NORTH AMERICA: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)128
TABLE 79NORTH AMERICA: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)128
TABLE 80NORTH AMERICA: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)129
TABLE 81NORTH AMERICA: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)129
TABLE 82NORTH AMERICA: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)129
TABLE 83NORTH AMERICA: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)129
12.2.1US130
12.2.1.1Increasing use of exoskeletons in healthcare and military sectors130
12.2.2CANADA130
12.2.2.1Emergence of various robotic startup companies130
12.2.3MEXICO131
12.2.3.1Increasing prevalence of industrial automation131
12.3EUROPE131
FIGURE 51EUROPE: EXOSKELETON MARKET SNAPSHOT132
FIGURE 52UK TO LEAD EUROPEAN EXOSKELETON MARKET IN 2023133
TABLE 84EUROPE: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)133
TABLE 85EUROPE: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)133
TABLE 86EUROPE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)134
TABLE 87EUROPE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)134
TABLE 88EUROPE: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)134
TABLE 89EUROPE: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)134
12.3.1UK135
12.3.1.1Demand for exoskeletons for healthcare and personal assistance applications to support market growth135
12.3.2GERMANY135
12.3.2.1Early adoption of exoskeletons propels demand135
12.3.3FRANCE136
12.3.3.1Government support for robotics research to foster exoskeleton market growth136
12.3.4REST OF EUROPE136
12.4ASIA PACIFIC136
FIGURE 53ASIA PACIFIC: EXOSKELETON MARKET SNAPSHOT137
FIGURE 54JAPAN TO GROW AT HIGHEST CAGR IN ASIA PACIFIC EXOSKELETON MARKET138
TABLE 90ASIA PACIFIC: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)138
TABLE 91ASIA PACIFIC: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)138
TABLE 92ASIA PACIFIC: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)139
TABLE 93ASIA PACIFIC: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)139
TABLE 94ASIA PACIFIC: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)139
TABLE 95ASIA PACIFIC: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)139
12.4.1JAPAN140
12.4.1.1Aging population and reduced workforce to fuel demand140
12.4.2CHINA140
12.4.2.1Emergence of new exoskeleton companies to augment market growth140
12.4.3INDIA141
12.4.3.1Initiation of various automotive manufacturing projects to fuel exoskeleton market141
12.4.4SOUTH KOREA141
12.4.4.1Focusing on integrating information and robot technologies in industrial operations to favor market growth141
12.4.5REST OF ASIA PACIFIC142
12.5REST OF THE WORLD (ROW)142
FIGURE 55MIDDLE EAST & AFRICA TO COMMAND ROW EXOSKELETON MARKET IN 2023142
TABLE 96ROW: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)143
TABLE 97ROW: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)143
TABLE 98ROW: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)143
TABLE 99ROW: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)143
TABLE 100ROW: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)144
TABLE 101ROW: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)144
12.5.1SOUTH AMERICA144
12.5.1.1Rising investment in defense vertical to lead to demand for exoskeletons144
12.5.2MIDDLE EAST & AFRICA145
12.5.2.1Increasing adoption of exoskeletons in search & rescue and defense applications to drive market145
13COMPETITIVE LANDSCAPE146
13.1INTRODUCTION146
TABLE 102KEY DEVELOPMENTS IN EXOSKELETON MARKET (2020–2022)146
13.2REVENUE ANALYSIS OF TOP COMPANIES148
FIGURE 56EXOSKELETON MARKET: REVENUE ANALYSIS (2021)148
13.3MARKET SHARE ANALYSIS OF TOP PLAYERS, 2022148
TABLE 103EXOSKELETON MARKET: DEGREE OF COMPETITION149
13.4COMPANY EVALUATION QUADRANT, 2022150
13.4.1STARS150
13.4.2EMERGING LEADERS150
13.4.3PERVASIVE PLAYERS150
13.4.4PARTICIPANTS150
FIGURE 57EXOSKELETON MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022151
13.5SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022152
13.5.1PROGRESSIVE COMPANIES152
13.5.2RESPONSIVE COMPANIES152
13.5.3DYNAMIC COMPANIES152
13.5.4STARTING BLOCKS152
FIGURE 58EXOSKELETON MARKET (GLOBAL): SME EVALUATION QUADRANT, 2022153
13.6EXOSKELETON MARKET: COMPANY FOOTPRINT154
TABLE 104COMPANY TYPE FOOTPRINT154
TABLE 105COMPANY VERTICAL FOOTPRINT155
TABLE 106COMPANY REGION FOOTPRINT156
TABLE 107COMPANY FOOTPRINT157
13.7COMPETITIVE SCENARIO AND TRENDS158
13.7.1PRODUCT LAUNCHES AND DEVELOPMENTS158
TABLE 108EXOSKELETON MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS,
2020–2022158
13.7.2DEALS160
TABLE 109EXOSKELETON MARKET: DEALS, 2020–2022160
14COMPANY PROFILES166
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1KEY PLAYERS166
14.1.1OTTOBOCK166
TABLE 110OTTOBOCK: BUSINESS OVERVIEW166
TABLE 111OTTOBOCK: PRODUCT OFFERINGS167
TABLE 112OTTOBOCK: PRODUCT LAUNCHES & DEVELOPMENTS167
TABLE 113OTTOBOCK: DEALS168
14.1.2DIH MEDICAL169
TABLE 114DIH MEDICAL: BUSINESS OVERVIEW169
TABLE 115DIH MEDICAL: PRODUCT OFFERINGS169
TABLE 116DIH MEDICAL: DEALS170
14.1.3CYBERDYNE INC.173
TABLE 117CYBERDYNE INC.: BUSINESS OVERVIEW173
FIGURE 59CYBERDYNE INC.: COMPANY SNAPSHOT174
TABLE 118CYBERDYNE INC.: PRODUCT OFFERINGS174
TABLE 119CYBERDYNE INC.: DEALS175
14.1.4EKSO BIONICS177
TABLE 120EKSO BIONICS: BUSINESS OVERVIEW177
FIGURE 60EKSO BIONICS: COMPANY SNAPSHOT178
TABLE 121EKSO BIONICS: PRODUCT OFFERINGS178
TABLE 122EKSO BIONICS: PRODUCT LAUNCHES & DEVELOPMENTS179
TABLE 123EKSO BIONICS: DEALS179
14.1.5LOCKHEED MARTIN CORPORATION182
TABLE 124LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW182
FIGURE 61LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT183
TABLE 125LOCKHEED MARTIN CORPORATION: PRODUCT OFFERINGS183
14.1.6SARCOS TECHNOLOGY AND ROBOTICS CORPORATION185
TABLE 126SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: BUSINESS OVERVIEW185
FIGURE 62SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: COMPANY SNAPSHOT185
TABLE 127SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: PRODUCT OFFERINGS186
TABLE 128SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: PRODUCT LAUNCHES & DEVELOPMENTS186
TABLE 129SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: DEALS186
14.1.7BIONIK188
TABLE 130BIONIK: BUSINESS OVERVIEW188
FIGURE 63BIONIK: COMPANY SNAPSHOT189
TABLE 131BIONIK: PRODUCT OFFERINGS189
TABLE 132BIONIK: PRODUCT LAUNCHES & DEVELOPMENTS189
TABLE 133BIONIK: DEALS190
14.1.8B-TEMIA191
TABLE 134B-TEMIA: BUSINESS OVERVIEW191
TABLE 135B-TEMIA: PRODUCT OFFERINGS191
TABLE 136B-TEMIA: PRODUCT LAUNCHES & DEVELOPMENTS191
14.1.9MEDITOUCH192
TABLE 137MEDITOUCH: BUSINESS OVERVIEW192
TABLE 138MEDITOUCH: PRODUCT OFFERINGS192
14.1.10REWALK ROBOTICS194
TABLE 139REWALK ROBOTICS: BUSINESS OVERVIEW194
FIGURE 64REWALK ROBOTICS: COMPANY SNAPSHOT195
TABLE 140REWALK ROBOTICS: PRODUCT OFFERINGS195
TABLE 141REWALK ROBOTICS: DEALS196
14.2OTHER PLAYERS198
14.2.1DAIYA INDUSTRY CO., LTD.198
14.2.2EUROPE TECHNOLOGIES199
14.2.3EXHAUSS200
14.2.4FOCAL MEDITECH201
14.2.5FOURIER INTELLIGENCE202
14.2.6GOGOA.EU203
14.2.7HONDA MOTOR CO., LTD.204
14.2.8HYUNDAI MOTOR COMPANY205
14.2.9MITSUBISHI HEAVY INDUSTRIES, LTD.206
14.2.10MYOMO INC.207
14.2.11LAEVO EXOSKELETONS207
14.2.12P&S MECHANICS CO. LTD.208
14.2.13REX BIONICS LTD.209
14.2.14RB3D210
14.2.15WANDERCRAFT210
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
15ADJACENT & RELATED MARKETS211
15.1INTRODUCTION211
15.2LIMITATIONS211
15.3COLLABORATIVE ROBOT MARKET, BY PAYLOAD211
15.3.1INTRODUCTION211
TABLE 142COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2018–2021 (USD MILLION)212
TABLE 143COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2022–2028 (USD MILLION)212
15.4UP TO 5 KG213
15.4.1COBOTS WITH PAYLOAD CAPACITY BELOW 5 KG INHERENTLY SAFE213
TABLE 144COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG213
TABLE 145UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)214
TABLE 146UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)214
TABLE 147UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)215
TABLE 148UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2022–2028 (USD MILLION)215
15.55–10 KG216
15.5.1IN-BUILT FORCE SENSORS POSSIBLE IN 5–10 KG COBOTS216
TABLE 149COMPANIES OFFERING COBOTS WITH 5–10 KG PAYLOAD CAPACITY217
TABLE 1505–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)217
TABLE 1515–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)218
TABLE 1525–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY,
2018–2021 (USD MILLION)218
TABLE 1535–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY,
2022–2028 (USD MILLION)219
15.6MORE THAN 10 KG220
15.6.1ADVANCES IN ROBOTIC HARDWARE TO ENABLE DEVELOPMENT OF
MORE THAN 10 KG PAYLOAD COBOTS220
TABLE 154COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY OF
MORE THAN 10 KG220
TABLE 155MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET,
BY APPLICATION, 2018–2021 (USD MILLION)221
TABLE 156MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET,
BY APPLICATION, 2022–2028 (USD MILLION)221
TABLE 157MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET,
BY INDUSTRY, 2018–2021 (USD MILLION)222
TABLE 158MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET,
BY INDUSTRY, 2022–2028 (USD MILLION)222
16APPENDIX224
16.1INSIGHTS OF INDUSTRY EXPERTS224
16.2DISCUSSION GUIDE225
16.3KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL228
16.4CUSTOMIZATION OPTIONS230
16.5RELATED REPORTS230
16.6AUTHOR DETAILS231
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