Global Wearable Robotic Exoskeleton Market

Global Wearable Robotic Exoskeleton Market Size, Share, Growth Analysis, By Type(Full Body, Upper Body), By End-User(Industrial, Defense) - Industry Forecast 2023-2030


Report ID: SQSG25K2008 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 64 | Figures: 75

Global Wearable Robotic Exoskeleton Market Insights

Global Wearable Robotic Exoskeleton Market size was valued at USD 671.6 million in 2021 and is poised to grow from USD 952.5 million in 2022 to USD 11995.7 million by 2030, growing at a CAGR of 43.6% in the forecast period (2023-2030).

Wearable robotic exoskeleton market growth has been accelerated by the demand for machines and robots for efficient rehabilitation therapy. The natural human movements that are lost due to neuromuscular dysfunctions are greatly expanded and repaired using these devices. Exosuits are also highly utilized by elderly people as well as the manufacturing, construction, and logistics industries. This is because they are incredibly capable of assisting any body part support application. Despite being in the early stages of development, wearable robotic technology is expected to be widely adopted by a range of end-user industries worldwide. The industry has seen a lot of R&D activity and product launches over the last three years. Exoskeletons are predicted to become the next big thing in assistive and rehabilitation technologies as a result of ongoing developments and improvements in the wearable robotics sector.

Many countries are thriving in their growth strategies supporting automation. For Instance, Startups in India's smart exoskeleton sector are putting more of an emphasis on wearable gadgets that facilitate mobility. With its devices that support rehabilitation for limb weakness brought on by spinal cord injury (SCI), traumatic brain injury (TBI), and other injuries, GenElek Technologies, an Indian-based supplier of externally based robotic support systems, is gaining notoriety. Such developments serve as a catalyst for the predicted explosive CAGR of 32.7 percent for the worldwide smart exoskeleton market over the forecast period.

Manufacturers are increasing the number of externally worn robotic support systems they can produce to help persons with disabilities regain their ability to walk. Startups in India's smart exoskeleton sector are putting more of an emphasis on wearable gadgets that facilitate mobility. With its devices that support rehabilitation for limb weakness brought on by spinal cord injury (SCI), traumatic brain injury (TBI), and other injuries, GenElek Technologies, an Indian-based supplier of externally based robotic support systems, is gaining notoriety. Such developments serve as a catalyst for the predicted explosive CAGR of 32.7% for the worldwide smart exoskeleton market over the forecast period.

Manufacturers are increasing the number of externally worn robotic support systems they can produce to help persons with disabilities regain their ability to walk.

US Wearable Robotic Exoskeleton Market is poised to grow at a sustainable CAGR for the next forcast year.

Market snapshot - 2023-2030

Global Market Size

USD 671.6 million

Largest Segment

Full Body

Fastest Growth

upper Body

Growth Rate

43.6% CAGR

Global Wearble Robotic Exoskeleton Market, 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Wearable Robotic Exoskeleton Market Size By Type, 2022-2028 ($ Bn)
Global Wearbel Robotic Exoskeleton Market Size By Type, 2022-2028 (%)

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Global Wearable Robotic Exoskeleton Market Segmental Analysis

Global wearable robotic exoskeleton market is segmented based on the Type, End-User, and region. Based on the Type, the Global Wearable Robotic Exoskeleton Market is segmented As Full Body, Upper Body and Lower Body. Based on End-User, the Global Wearable Robotic Exoskeleton Market is segmented as Industrial, Defense, Healthcare, and Others. Based on Region Wearable Robotic Exoskeleton Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Wearable Robotic Exoskeleton Market Analysis by Type

Based on the type, the wearable robotic exoskeleton market is segmented into full body, upper body and lower body. The segment for the upper and lower body has a higher CAGR and is predicted to grow during the forecast period. To support the upper body part and enhance movement, upper body exoskeletons include shoulder and arm exoskeletons. The need to produce upper body soft exoskeletons is driven by the rising demand in the industrial and household sectors for workers to lift heavy loads and engage in load-intensive production activities. Following a successful trial, Ford introduced an upper-body support exoskeleton in all of its factories in 2018. Additionally, LG is making its SuitBot exoskeleton, which helps factory workers lift heavier loads for longer periods of time, commercially available. Lower body exoskeletons, such as those in the hip, knee, and ankle, make up the majority of lower body exoskeletons and help with walking. Exoskeletons for the lower limbs are designed to help with human work activities as well as rehabilitation. They are primarily made to overcome the human fatigue limit, give workers more stamina for strenuous walking, and help them lift heavy objects. The lower body exoskeleton is motivated by stroke-related disabilities and impairments.

Wearable Robotic Exoskeleton Market Analysis by End-User

Based on End-User, the wearable robotic exoskeleton market is segmented into industrial, defense, healthcare, others. Healthcare has a higher CAGR than other end-user segments and is predicted to grow during the forecast period. Patients are guided by Exosuits through weight shifts and step patterns to achieve a more natural ambulation pattern. According to the British think tank Work Foundation, nearly a quarter of the workforce i.e. 44 million people in Europe suffers from musculoskeletal disorders. The national calculation for Germany estimated a productivity loss of 12 billion USD annually due to back issues. As a result, manufacturers in the global wearable robotic exoskeleton market use a variety of techniques to increase energy efficiency, such as energy harvesting, springs, elastic cords, ratchets, clutches, etc.

A soft biomimetic exoskeleton for people with mobility issues is the goal of the Zoloft project. It aids in the design of soft wearable assistive exosuits for the lower limbs to help people with mobility issues, including older individuals and stroke survivors, among others. Exoskeleton developments in the global wearable robotic exoskeleton market also significantly improve patients' quality of life by allowing paraplegics, amputees, and others to walk and carry out daily activities. Exoskeletons for soldiers have great potential, and militaries all over the world are actively funding R&D. Infantry forces may soon engage in combat while wearing exoskeletons that will help humans wear them conserve energy and increase their strength. They enable soldiers to remain active in harsh conditions. They are made of the most recent composite materials and are powered by cutting-edge technologies like sophisticated sensors, artificial intelligence, and IoT.

Global Wearble Robotic Exoskeleton Market By Type, 2021 (%), 2021 (%)

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Global Wearable Robotic Exoskeleton Market Regional Insights

North America is expected to control the global wearable robotic exoskeleton market share. This is explained by the existence of multiple well-known market participants in the United States. Additionally, it is projected that significant investments made in wearable robotics by regional firms would open up more prospects for the development of advanced exoskeletons with a number of options and features based on the current market trends.

Exoskeleton adoption is currently low in the Asia-Pacific wearable robotic exoskeleton market, but it has significant growth potential in the coming years. The exoskeleton market in this region is expanding quickly thanks to population growth and rising economic development. As some of the world's most rapidly developing technological nations, such as China, India, and South Korea, this region offers significant growth potential for market participants. Additionally, the presence of a sizable patient pool, rising disposable income, the availability of government funding, and the prevalence of stroke and spinal cord injuries are all expected to contribute to the Asia Pacific market's expansion over the course of the forecast period.

The wearable exoskeleton market in Europe is expanding as a result of developments in building, aerospace, and other industries. To obtain a competitive edge, a number of market competitors in the area are concentrating on creating sector-specific exosuits. Exosuits' ongoing development in the industrial sector will fuel regional growth even further.

Global Wearable Robotic Exoskeleton Market By Geography, 2022-2028, 2023-2030
  • Largest
  • Fastest

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Global Wearable Robotic Exoskeleton Market Dynamics

Wearable Robotic Exoskeleton Market Driver

  • In the global wearable robotic exoskeleton market, exoskeleton robots are being used more frequently in various industries around the globe as technology advances. The development of technologies like the interactive Internet of Things (IoT), artificial intelligence (AI), virtual guidance, interactive learning, and digital assistants in robots have benefited the logistics, medical, and engineering sectors. Furthermore, the development of methodologies, particularly human-in-the-loop optimization optimized for robotics, has significantly altered the robotics industry. In these methods, control settings and other functions are modified in real-time using measurements of human physiological data, such as breathing rate.
  • A growing geriatric population, an increase in traffic accidents and severe trauma injuries, an increase in the prevalence of stroke, among other factors, are all contributing to an increase in the number of people with physical disabilities worldwide. People who have suffered severe physical trauma can use rehabilitation exoskeletons to aid them in their recovery or with daily tasks. Over 2,75,000 Americans sustain severe spinal cord injuries every year, according to the U.S. National Spinal Cord Injury Statistical Center (NSCISC), a government-funded and managed injury database. The development of paraplegia occurs in nearly 52% of these patients. According to the National Center for Biotechnology Information, there were more than 2.1 million people in the United States who had lost a limb as of 2020, and by 2050, that number is predicted to double (NCBI).
  • Stroke is one of the most common causes of acquired disability worldwide, and as medical science and treatment methods advance, so do survival rates. Rehab therapy procedures would be required due to the continent's aging population, which is susceptible to strokes and mobility problems. Exoskeleton demand is rising as a result of an aging population with stroke-related disabilities and people who have trouble communicating and moving. For instance, there were more than 7,95,000 stroke cases in the United States as of 2020. The Centers for Disease Control and Prevention estimate that strokes cost the United States $34 billion annually. Additionally, hemiplegia or hemiparesis causes long-term walking impairment in more than 50% of stroke survivors.

Wearable Robotic Exoskeleton Market Restraint

  • Robotic exoskeletons are now frequently used for many different tasks, such as lifting heavy, complex instruments and assisting elderly people who are prone to injury with their movement. Due to their ability to add extra safety precautions, these robots are also being used more frequently in military operations. This is promoting the wearable robotic exoskeleton market growth and enhances warfighters' endurance on the battlefield. A barrier to the market's expansion is the high initial cost required to purchase these devices. The total cost of ownership would include the cost of installation, the integration of intelligent sensors and software solutions, training and rehabilitation fees, after-sales services, and routine maintenance.
  • The high initial cost required to purchase these devices is a barrier to the wearable robotic exoskeleton market expansion. The total cost of ownership would include installation, integration of intelligent sensors and software solutions, training and rehabilitative charges/fees, after-sales services, and routine maintenance. Additionally, the introduction of contemporary, user-friendly technology can occasionally lead to interdisciplinary issues, having unfavorable effects on a number of levels. As a result, the robot develops a physical sensitivity and empathy for the user's motions. The patient, on the other hand, must have faith in and depend on the movements of the robot. This could occasionally fail to produce the desired results, putting the operator in danger of getting hurt.

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Global Wearable Robotic Exoskeleton Market Competitive Landscape

Global wearable robotic exoskeleton market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major players in the wearable robotic exoskeleton market are also continually concentrating on R&D.

Wearable Robotic Exoskeleton Market Top Player's Company Profiles

  • CYBERDYNE, INC. (Japan)
  • Ekso Bionics (U.S.)
  • Hocoma (Switzerland)
  • ReWalk Robotics
  • Rex Bionics
  • Parker Hannifin Corporation
  • Bionik Laboratories Corp.
  • Myomo Inc.
  • Gogoa Mobility Robots
  • Wandercraft
  • Fourier Intelligence
  • Focal Meditech BV
  • Technaid S.L.
  • Bioservo Technologies AB
  • US Bionics, Inc.
  • Lockheed Martin Corporation
  • Ottobock SE & Co. KGaA
  • Honda Motor Co., Ltd.
  • Sarcos Robotics
  • SuitX

Wearable Robotic Exoskeleton Market Recent Developments

  • In June 2022, USWE Sports AB, a technology award-winning and publicly traded Wearable Robotic Exoskeleton company based in Malmö, Sweden, acquired Bend-based Giant Loop LLC, a successful Powersports brand known for its innovative off-road motorcycle soft luggage designs. The purchase agreement was signed.
  • In June 2022, Conklin discovered bullet-resistant Wearable Robotic Exoskeletons. The Wearable Robotic Exoskeletons, which come in different colors, appear to be a normal book-carrying case, but are lined with sewn-in armor that is capable of stopping 95% of the gun rounds used in gun-related homicides.

Global Wearable Robotic Exoskeleton Key Market Trends

  • A number of companies have upgraded their services as a result of the rapid advancements in radiography techniques in an effort to increase their market potential and solidify their positions. The creation of new, cutting-edge Wearable Robotic Exoskeleton care tools that would lessen patients' discomfort is a major focus of the producers of Wearable Robotic Exoskeleton radiology equipment's research and development (R&D) spending.
  • The addition of a chest strap is the first design change made to Wearable Robotic Exoskeletons. As a result, the lower back is not required to support as much weight on the shoulders. Second, packs are now made with women in mind, making them far lighter and more comfortable. The third modification is that the pack now has pockets everywhere, including on the waist and hip belts, to make it simpler to access objects without fumbling.
  • Numerous researchers and entrepreneurs in the global wearable robotic exoskeleton market have created robots that can harvest produce, pull weeds, and even calculate how much insecticide to apply to a crop. Consider the University of Illinois at Urbana-TerraSentia, Champaign's an autonomous under-canopy robot. The autonomous robot, which resembles a square Roomba, travels around fields while firing hundreds of laser pulses. The latter scans the plants and collects comprehensive data on their condition, height, and even the calibre of their output. The information, which is normally gathered by hand, can subsequently be used by growers to improve their crops the following season. Costly robotics and automated equipment frequently appear like technologies better suited for large-scale, commercial farming operations with the funds to match. However, tiny family farms make up 90% of all American farms, therefore experts are thinking about how to make technology more accessible to them. Small farmers adopting such technologies is believed to be a good move that may drive the market in future.

Global Wearable Robotic Exoskeleton Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global wearable robotic exoskeleton market analysis, in terms of type, the segment for the upper and lower body has a higher CAGR and is predicted to grow during the forecast period. To support the upper body part and enhance movement, upper body exoskeletons include shoulder and arm exoskeletons. In terms of End Use, Healthcare has a higher CAGR than other end-user segments and is predicted to grow during the forecast period as the mainstream importance of wearable robotic exoskeleton lies in healthcare sector.

Report Metric Details
Market size value in 2021 USD 671.6 million
Market size value in 2030 USD 11995.7 million
Growth Rate 43.6%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Million
Segments covered
  • Type
    • Full Body, Upper Body, Lower Body
  • End-User
    • Industrial, Defense, Healthcare, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • CYBERDYNE, INC. (Japan)
  • Ekso Bionics (U.S.)
  • Hocoma (Switzerland)
  • ReWalk Robotics
  • Rex Bionics
  • Parker Hannifin Corporation
  • Bionik Laboratories Corp.
  • Myomo Inc.
  • Gogoa Mobility Robots
  • Wandercraft
  • Fourier Intelligence
  • Focal Meditech BV
  • Technaid S.L.
  • Bioservo Technologies AB
  • US Bionics, Inc.
  • Lockheed Martin Corporation
  • Ottobock SE & Co. KGaA
  • Honda Motor Co., Ltd.
  • Sarcos Robotics
  • SuitX
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Wearable Robotic Exoskeleton Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Wearable Robotic Exoskeleton Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Wearable Robotic Exoskeleton Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Wearable Robotic Exoskeleton Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Wearable Robotic Exoskeleton Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Wearable Robotic Exoskeleton Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Wearable Robotic Exoskeleton Market size was valued at USD 671.6 million in 2021 and is poised to grow from USD 952.5 million in 2022 to USD 11995.7 million by 2030, growing at a CAGR of 43.6% in the forecast period (2023-2030).

Global wearable robotic exoskeleton market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major players in the wearable robotic exoskeleton market are also continually concentrating on R&D. 'CYBERDYNE, INC. (Japan)', 'Ekso Bionics (U.S.)', 'Hocoma (Switzerland)', 'ReWalk Robotics', 'Rex Bionics', 'Parker Hannifin Corporation', 'Bionik Laboratories Corp.', 'Myomo Inc.', 'Gogoa Mobility Robots', 'Wandercraft', 'Fourier Intelligence', 'Focal Meditech BV', 'Technaid S.L.', 'Bioservo Technologies AB', 'US Bionics, Inc.', 'Lockheed Martin Corporation', 'Ottobock SE & Co. KGaA', 'Honda Motor Co., Ltd.', 'Sarcos Robotics', 'SuitX'

In the global wearable robotic exoskeleton market, exoskeleton robots are being used more frequently in various industries around the globe as technology advances. The development of technologies like the interactive Internet of Things (IoT), artificial intelligence (AI), virtual guidance, interactive learning, and digital assistants in robots have benefited the logistics, medical, and engineering sectors. Furthermore, the development of methodologies, particularly human-in-the-loop optimization optimized for robotics, has significantly altered the robotics industry. In these methods, control settings and other functions are modified in real-time using measurements of human physiological data, such as breathing rate.

A number of companies have upgraded their services as a result of the rapid advancements in radiography techniques in an effort to increase their market potential and solidify their positions. The creation of new, cutting-edge Wearable Robotic Exoskeleton care tools that would lessen patients' discomfort is a major focus of the producers of Wearable Robotic Exoskeleton radiology equipment's research and development (R&D) spending.

North America is expected to control the global wearable robotic exoskeleton market share. This is explained by the existence of multiple well-known market participants in the United States. Additionally, it is projected that significant investments made in wearable robotics by regional firms would open up more prospects for the development of advanced exoskeletons with a number of options and features based on the current market trends.

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