Smart Exoskeleton Market By Type (Soft, Rigid), By Body Part (Upper Body, Lower Body, Full Body), By Component (Power Source, Sensors, Actuators, Control System, Others), By Application (Industrial, Healthcare, Military, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global smart exoskeleton market was valued at $357.0 million in 2022, and is projected to reach $1,688.0 million by 2032, registering a CAGR of 17.28% from 2023 to 2032.
A smart exoskeleton is a powered system equipped with sensors and actuators that use feedback from the wearer to provide enhanced assistance to specific body parts or the entire body while lowering energy expenditure. Smart exoskeletons are constructed using rigid materials (metals or carbon fiber) and flexible materials. Moreover, these systems make use of algorithms to device assistance strategy for the wearer.
They are extensively deployed for clinical purposes to provide effective exercise and therapy for patients. They find their major application in industries where workers are required to perform physically demanding tasks. In addition, these systems are being developed to aid in military body parts by improving physical capabilities of soldiers. Upsurge in demand for use in clinical purposes and in industrial body parts is the key factor expected to drive the growth of the global smart exoskeleton market during the forecast period. However, concerns related to affordability restrain the market growth.
For the purpose of analysis, the smart exoskeleton market scope covers segmentation based on component, type, body part, application, and region. The report provides information about various components integrated in smart exoskeleton such as sensors, actuators, power source, control system, and others. Moreover, it highlights the details about distinct types of smart exoskeleton, which include soft exoskeleton and rigid exoskeleton. It further describes the body parts around which the smart exoskeleton attaches such as upper body, lower body, and full body. Furthermore, the applications covered in the study include industrial, healthcare, military, and others. Moreover, it analyzes the current market trends of smart exoskeleton across North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities along with consideration of the COVID-19 impact.
The key players operating in the smart exoskeleton market include ReWalk Robotics Ltd, CYBERDYNE, INC., HONDA MOTOR CO.,Ltd, Ekso Bionics Holdings, Inc., Bionik Laboratories, blockheads burritos, Lockheed Martin Corporation, Technaid Inc, ATOUN INC., Sarcos Technology, and Robotics Corporation.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smart exoskeleton market analysis from 2022 to 2032 to identify the prevailing smart exoskeleton market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the smart exoskeleton market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global smart exoskeleton market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeSoft
Rigid
By Body PartUpper Body
Lower Body
Full Body
By ComponentPower Source
Sensors
Actuators
Control System
Others
By ApplicationIndustrial
Healthcare
Military
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
ATOUN INC.
Bionik Laboratories
CYBERDYNE,INC.
Ekso Bionics Holdings, Inc.
HONDA MOTOR CO.,Ltd
Lockheed Martin Corporation
ReWalk Robotics Ltd.
Rex Bionics Ltd.
Sarcos Technology and Robotics Corporation
Technaid Inc.
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