Please Wait.....
Report
Exoskeleton System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 141 Pages I IMARC Group
Market Overview 2023-2028:
The global exoskeleton system market size reached US$ 794.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 7,597.5 Million by 2028, exhibiting a growth rate (CAGR) of 45.8% during 2023-2028.
An exoskeleton system is a wearable man-machine mechanism that utilizes human intelligence and machine power to provide mechanical strength to the user. It consists of a powered wearable suit that is designed to improve user safety and enhance the overall efficiency to perform specific tasks. It uses smart algorithms that adjust and adapt according to the human body motions and is equipped with various sensors and electrical connections to control the components. Exo-suits assist in lifting heavy materials and reduce stress on the user's back muscles and spine. Also, they enable the elderly to walk with ease and prevent fall-related injuries. Currently, these systems find extensive applicability across various sectors including healthcare, military and industrial.
Exoskeleton System Market Trends:
The growing need for exoskeletons in the rehabilitation centers along with the increasing industrial activities across the globe are the key factors driving the market growth. The development of motor-equipped robots to assist human body mechanics is another factor contributing to the market growth. The growing prevalence of heart strokes, spinal cord injuries and paralysis among patients has also driven the demand for exoskeletons in the healthcare sector.
The rising adoption rates of exoskeletons across military and industrial sectors are providing a boost to the exoskeleton system market growth. In these sectors, the systems are custom-fitted according to body parts and are made using fiberglass, carbon fiber and aluminum depending on the strength required. Moreover, they efficiently provide support to multiple joints and detect human movements to initiate the appropriate responses of the exoskeleton actuators, thus boosting the product demand further in the military and industrial sectors.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global exoskeleton system market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on component, type, mobility, body part and end-use sector.
Breakup by Component:
Hardware
Sensors
Actuators
Power Sources
Control Systems
Other Components
Software
Breakup by Type:
Powered
Passive
Breakup by Mobility:
Stationary
Mobile
Breakup by Body Part:
Lower Body
Upper Body
Full Body
Breakup by End-Use Sector:
Healthcare
Defense
Industrial
Others
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Competitive Landscape:
The global exoskeleton system market is highly fragmented with the presence of several small and large players. Some of the major players in the market are:
Bionik Laboratories Corp.
SuitX (US Bionics, Inc.)
Gogoa Mobility Robots, S.L.
Exhauss Exoskeleton
Atoun Inc.
Fourier Intelligence Co. Ltd.
Honda Motor Co., Ltd.
Daiya Industry Co. Ltd.
Mitsubishi Heavy Industries Ltd.
Rex Bionics Ltd.
Myomo Inc.
Gobio Robot
Parker Hannifin Corp.
Wandercraft SAS
P&S Mechanics Co. Ltd.
Key Questions Answered in This Report
1. What is the expected growth rate of the global exoskeleton system market?
2. What has been the impact of COVID-19 on the global exoskeleton system market?
3. What are the key factors driving the global exoskeleton system market?
4. What is the breakup of the global exoskeleton system market based on the component?
5. What is the breakup of the global exoskeleton system market based on the type?
6. What is the breakup of the global exoskeleton system market based on the end-use sector?
7. What is the breakup of the global exoskeleton system market based on the mobility?
8. Who are the key players/companies in the global exoskeleton system market?
9. What are the key regions in the global exoskeleton system market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Exoskeleton System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Component
5.5 Market Breakup by Type
5.6 Market Breakup by Mobility
5.7 Market Breakup by Body Part
5.8 Market Breakup by End-Use Sector
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Major Component Types
6.1.2.1 Sensors
6.1.2.2 Actuators
6.1.2.3 Power Sources
6.1.2.4 Control Systems
6.1.2.5 Other Components
6.1.3 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Type
7.1 Powered
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Passive
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Mobility
8.1 Stationary
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Mobile
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Body Part
9.1 Lower Body
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Upper Body
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Full Body
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by End-Use Sector
10.1 Healthcare
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Defense
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Industrial
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Europe
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porter's Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Bionik Laboratories Corp.
16.3.2 SuitX (US Bionics, Inc.)
16.3.3 Gogoa Mobility Robots, S.L.
16.3.4 Exhauss Exoskeleton
16.3.5 Atoun Inc.
16.3.6 Fourier Intelligence Co. Ltd.
16.3.7 Honda Motor Co., Ltd.
16.3.8 Daiya Industry Co. Ltd.
16.3.9 Mitsubishi Heavy Industries
16.3.10 Rex Bionics Ltd.
16.3.11 Myomo Inc.
16.3.12 Gobio Robot
16.3.13 Parker Hannifin Corp.
16.3.14 Wandercraft SAS
16.3.15 P&S Mechanics Co. Ltd.
Figure 1: Global: Exoskeleton System Market: Major Drivers and Challenges
Figure 2: Global: Exoskeleton System Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Exoskeleton System Market: Breakup by Component (in %), 2022
Figure 4: Global: Exoskeleton System Market: Breakup by Type (in %), 2022
Figure 5: Global: Exoskeleton System Market: Breakup by Mobility (in %), 2022
Figure 6: Global: Exoskeleton System Market: Breakup by Body Part (in %), 2022
Figure 7: Global: Exoskeleton System Market: Breakup by End-Use Sector (in %), 2022
Figure 8: Global: Exoskeleton System Market: Breakup by Region (in %), 2022
Figure 9: Global: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Exoskeleton System Industry: SWOT Analysis
Figure 11: Global: Exoskeleton System Industry: Value Chain Analysis
Figure 12: Global: Exoskeleton System Industry: Porter's Five Forces Analysis
Figure 13: Global: Exoskeleton System (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Exoskeleton System (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Exoskeleton System (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Exoskeleton System (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Exoskeleton System (Powered) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Exoskeleton System (Powered) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Exoskeleton System (Passive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Exoskeleton System (Passive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Exoskeleton System (Stationary) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Exoskeleton System (Stationary) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Exoskeleton System (Mobile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Exoskeleton System (Mobile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Exoskeleton System (Lower Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Exoskeleton System (Lower Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Exoskeleton System (Upper Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Exoskeleton System (Upper Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Exoskeleton System (Full Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Exoskeleton System (Full Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Exoskeleton System (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Exoskeleton System (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Exoskeleton System (Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Exoskeleton System (Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Exoskeleton System (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Exoskeleton System (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Exoskeleton System (Other End-Use Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Exoskeleton System (Other End-Use Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Europe: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Europe: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia Pacific: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia Pacific: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Middle East and Africa: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Middle East and Africa: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Latin America: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Latin America: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Table 1: Global: Exoskeleton System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Exoskeleton System Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Exoskeleton System Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Exoskeleton System Market Forecast: Breakup by Mobility (in Million US$), 2023-2028
Table 5: Global: Exoskeleton System Market Forecast: Breakup by Body Part (in Million US$), 2023-2028
Table 6: Global: Exoskeleton System Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 7: Global: Exoskeleton System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Exoskeleton System Market: Competitive Structure
Table 9: Global: Exoskeleton System Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security