Smart Exoskeleton Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Component (Actuators, Power Source, Control System, Sensors, Others), By Type (Rigid v/s Soft), By Product Type (Active v/s Passive), By Body Part (Upper body, Lower body, Full body), By Application (Healthcare, Industrial, Military, Others), By Region and Competition
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationSmart Exoskeleton Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Component (Actuators, Power Source, Control System, Sensors, Others), By Type (Rigid v/s Soft), By Product Type (Active v/s Passive), By Body Part (Upper body, Lower body, Full body), By Application (Healthcare, Industrial, Military, Others), By Region and Competition
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 168.68 Million |
| CAGR (2023-2028) | 10.52% |
| Fastest Growing Segment | Healthcare |
| Largest Market | North America |
Market Overview
Global Smart Exoskeleton Market has valued at USD 168.68 Billion in 2022 and is anticipated to project impressive growth in the forecast period with a CAGR of 10.52% through 2028. Smart exoskeletons, also known as wearable robotic devices, are revolutionizing the way we enhance human capabilities. These advanced technological marvels are designed to seamlessly integrate with the user's movements, providing unparalleled assistance in various tasks and activities. By incorporating cutting-edge technologies such as sensors, actuators, and artificial intelligence, smart exoskeletons are able to augment physical strength, improve mobility, and reduce physical strain.
Key Market Drivers
Adoption Of Smart Exoskeletons Among Various Industries
Advancements In Sensor Technologies
Growing Military & Defense Sector
Increasing Adoption of Smart Exoskeletons for Occupational Safety & Worker
Key Market Challenges
High Cost
Limited Customization
Key Market Trends
Surge in Advancements in Robotics and AI
Rise In the Research Activities for Development of More Applications
Segmental Insights
Component Insights
Type
Based on the type, in the year 2022, rigid exoskeletons are expected to dominate the market as they currently hold the majority share. These exoskeletons offer exceptional protection to the wearer, safeguarding them from any potential harm in the event of a fall or accident. This makes them highly sought-after in various sectors such as medical, military, and industrial settings. However, the market for soft exoskeletons is projected to witness significant growth during the projected period. This can be attributed to the increasing utilization of carbon fibre in their production, which enhances their durability and performance. Soft exoskeletons, known for their lightweight nature, are gaining popularity not only in the military and industrial sectors but also in other areas due to their versatility and adaptability. The advancements in both rigid and soft exoskeleton technologies underscore the ever-evolving landscape of exoskeleton development. With each passing day, these remarkable innovations continue to shape the future of human augmentation, revolutionizing industries and improving the quality of life for individuals around the world.
Regional Insights
Recent Developments
- In February 2022,CYBERDYNE Inc. announced the approval of its application for a medical devicemarketing license for Medical HAL Single Joint Type by the Ministry of HealthRepublic of Indonesia. This wearable cyborg enhances physical functions,contributing to improved patient care.
- In January 2022,CYBERDYNE Inc. further expanded its operations through a strategic businessalliance with MIHARU Inc. The collaboration aims to enhance life partnerservices for seniors, ensuring their well-being and quality of life.
- In September 2019,Hyundai Motor Company developed the Wearable Vest EXoskeleton (VEX), agroundbreaking wearable robot designed to support industrial workers whoperform strenuous tasks in overhead environments. This innovative technologyimproves work efficiency and reduces the risk of physical strain.
Key Market Players
- ATOUN Inc.
- Cyberdyne Inc.
- Ekso Bionics Holdings Inc.
- Rewalk Robotics, Inc.
- Bionik Laboratories Corp.
- Parker-Hannifin Corp.
- Bioservo Technologies AB
- Rex Bionics Ltd.
- Bioness Inc.
- B-Temia Inc.
| By Component | By Type | By Product Type | By Body Part | By Application | By Region | |
|
|
|
|
|
|
|
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy