Europe Exoskeleton Robotic System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lower Body Exoskeleton, Upper Body Exoskeleton, and Full Body Exoskeleton) and Application (Healthcare, Defense, and Industrial)
The Europe exoskeleton robotic system market is expected to grow from US$ 403.81 million in 2022 to US$ 1,384.83 million by 2028; it is estimated to record a CAGR of 22.8% from 2022 to 2028.
Expanding Applications in Military & Defense Sector to Create Lucrative Opportunities for Europe Exoskeleton Robotic System Market During 2022–2028
Every nation is focusing on developing its armed forces to become a superpower. The armed forces are equipped with an advanced arsenal that helps them serve better. The soldiers are trained to carry heavy weights, ammunition, and guns to different altitudes for a long period of time. It can weigh anywhere from 90 to 140 pounds (40–64 kg) even though the recommended limit is just 50 pounds (23 kg). This can cause severe back pain and other upper body issues among soldiers. Exoskeleton robotic systems help them carry weights, ammunition, and other gear without putting strain on their backs and also help prevent spinal cord injury due to excess weight. Due to the scenario mentioned above, governments are investing in the customized military and defense-based exoskeletons to assist soldiers in performing better at war.
Additionally, with the increasing demand from the military & defense sector to enhance soldier performance, various companies are involved in the research and development of wearable technologies. Ongoing trials for military exoskeleton robotic systems are further expected to create ample opportunities for the market. Additionally, the Soldier Center has initiated a 48-month-long Other Transaction Agreement (OTA) worth US$ 6.9 million for the development of enough exoskeleton systems to conduct a comprehensive operational evaluation.
Thus, the rising demand from the military & defense sector is likely to create lucrative opportunities for the exoskeleton robotic system market during the forecast period.
Exoskeleton Robotic System Market Overview
The European exoskeleton robotic systems market is segmented into Germany, the UK, France, Italy, Spain, and the Rest of Europe. The region holds a significant market share in the global exoskeleton robotic systems market and is estimated to register a robust growth rate during the forecast period. The market is expected to witness a significant growth during the forecast period due to factors such as growing multiple sclerosis and rising orthopedic rehabilitation demand, along with technological developments made by players operating in the region.
Europe Exoskeleton Robotic System Market Revenue and Forecast to 2028 (US$ Million)
Europe Exoskeleton Robotic System Market Segmentation
The Europe exoskeleton robotic system market is segmented on the basis of type, application, and country. Based on type, the Europe exoskeleton robotic system market is segmented into lower body exoskeleton, upper body exoskeleton, and full body exoskeleton. The lower body exoskeleton segment held the largest market share in 2022.
Based on application, the Europe exoskeleton robotic system market is segmented into healthcare, defense, and industrial. The healthcare segment held the largest market share in 2022.
Based on country, the Europe exoskeleton robotic system market is segmented into the UK, Germany, France, Spain, Italy, and the Rest of Europe. Germany dominated the market share in 2022.
Lockheed Martin Corp; Cyberdyne Inc.; Panasonic Holdings Corp; Hocoma AG; ReWalk Robotics Inc.; Ekso Bionics Holdings Inc.; Parker Hannifin Corp.; Myomo Inc.; B-Temia Inc.; AlterG Inc.
are the leading companies operating in the Europe exoskeleton robotic system market.
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- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Europe Exoskeleton Robotic System Market – by Type
- 1.3.2 Europe Exoskeleton Robotic System Market – by Application
- 1.3.3 Europe Exoskeleton Robotic System Market – by Country
- 2. Europe Exoskeleton Robotic System Market – Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Europe Exoskeleton Robotic System Market – Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 Europe PEST Analysis
- 4.3 Experts’ Opinion
- 5. Europe Exoskeleton Robotic System Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Growing Incidence of Stroke and Musculoskeletal Disorders
- 5.1.2 Rising Strategic Initiatives
- 5.2 Market Restraints
- 5.2.1 High Price of Exoskeleton Robotic Systems and Unfavorable Reimbursement Scenario
- 5.3 Market Opportunities
- 5.3.1 Expanding Applications in Military & Defense Sector
- 5.4 Future Trends
- 5.4.1 Growing Technological Advancements and Rising Investments
- 5.5 Impact Analysis
- 6. Exoskeleton Robotic System Market – Europe Analysis
- 6.1 Europe Exoskeleton Robotic System Market Revenue Forecast and Analysis
- 7. Europe Exoskeleton Robotic System Market – by Type
- 7.1 Overview
- 7.2 Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
- 7.3 Lower Body Exoskeleton
- 7.3.1 Overview
- 7.3.2 Lower Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Upper Body Exoskeleton
- 7.4.1 Overview
- 7.4.2 Upper Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Full Body Exoskeleton
- 7.5.1 Overview
- 7.5.2 Full Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8. Europe Exoskeleton Robotic System Market – by Application
- 8.1 Overview
- 8.2 Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
- 8.3 Healthcare
- 8.3.1 Overview
- 8.3.2 Healthcare: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Defense
- 8.4.1 Overview
- 8.4.2 Defense: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Industrial
- 8.5.1 Overview
- 8.5.2 Industrial: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9. Europe Exoskeleton Robotic System Market – by Country Analysis
- 9.1 Europe: Exoskeleton Robotic System Market
- 9.1.1 Overview
- 9.1.2 Europe: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
- 9.1.2.1 Germany: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.1.1 Overview
- 9.1.2.1.2 Germany: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.1.3 Germany: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.1.4 Germany: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.2 UK: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.2.1 Overview
- 9.1.2.2.2 UK: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.2.3 UK: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.2.4 UK: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.3 France: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.3.1 Overview
- 9.1.2.3.2 France: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.3.3 France: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.3.4 France: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.4 Italy: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.4.1 Overview
- 9.1.2.4.2 Italy: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.4.3 Italy: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.4.4 Italy: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.5 Spain: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.5.1 Overview
- 9.1.2.5.2 Spain: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.5.3 Spain: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.5.4 Spain: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.6 Rest of Europe: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.6.1 Overview
- 9.1.2.6.2 Rest of Europe: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.6.3 Rest of Europe: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.6.4 Rest of Europe Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 10. Exoskeleton Robotic System Market – Industry Landscape
- 10.1 Overview
- 10.2 Growth Strategies in Exoskeleton Robotic System Market
- 10.3 Organic Growth Strategies
- 10.3.1 Overview
- 10.4 Inorganic Growth Strategies
- 10.4.1 Overview
- 11. Company Profiles
- 11.1 Lockheed Martin Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Cyberdyne Inc
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Panasonic Holdings Corp
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Hocoma AG
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 ReWalk Robotics Inc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Ekso Bionics Holdings Inc
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Parker Hannifin Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Myomo Inc
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 B-Temia Inc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 AlterG Inc
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- LIST OF TABLES
- Table 1. Germany Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 2. Germany Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 3. UK Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. UK Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 5. France Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. France Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Italy Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Italy Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 9. Spain Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 10. Spain Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of Europe Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of Europe Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 13. Recent Organic Growth Strategies in Exoskeleton Robotic System Market
- Table 14. Recent Inorganic Growth Strategies in the Exoskeleton Robotic System Market
- Table 15. Glossary of Terms
- LIST OF FIGURES
- Figure 1. Europe Exoskeleton Robotic System Market Segmentation
- Figure 2. Europe Exoskeleton Robotic System Market, by Country
- Figure 3. Europe Exoskeleton Robotic System Market Overview
- Figure 4. Lower Body Exoskeleton Segment Held Largest Share of Type Segment in Exoskeleton Robotic System Market
- Figure 5. Germany Expected to Show Remarkable Growth During Forecast Period
- Figure 6. Europe: PEST Analysis
- Figure 7. Europe Experts’ Opinion
- Figure 8. Europe Exoskeleton Robotic System Market: Impact Analysis of Drivers and Restraints
- Figure 9. Europe Exoskeleton Robotic System Market – Revenue Forecast and Analysis – 2020–2028
- Figure 10. Europe Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
- Figure 11. Lower Body Exoskeleton: Europe Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. Upper Body Exoskeleton: Europe Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Full Body Exoskeleton: Europe Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Europe Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
- Figure 15. Healthcare: Europe Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Defense: Europe Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Industrial: Europe Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Europe: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 19. Europe: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
- Figure 20. Germany: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. UK: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. France: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Italy: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Spain: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Rest of Europe: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 26. Growth Strategies in Exoskeleton Robotic System Market
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