Global Wearable Robots And Exoskeletons Market 2024-2028
The wearable robots and exoskeletons market is forecasted to grow by USD 10815.6 mn during 2023-2028, accelerating at a CAGR of 46.02% during the forecast period. The report on the wearable robots and exoskeletons market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising emphasis on innovation by vendors, increasing incidences of SCI (spinal cord injury), and adoption of merger and acquisitions (M and A) by vendors.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
32.79%
CAGR
46.02%
Incremental Value
$10815.6mn
Technavio's wearable robots and exoskeletons market is segmented as below:
By Type
Powered
Passive
By Application
Healthcare
Military and defense
Industrial
Others
By Geographical Landscape
North America
Europe
APAC
South America
Middle East and Africa
This study identifies the increasing focus on integrating AI and machine learning in wearable robots and exoskeletons as one of the prime reasons driving the wearable robots and exoskeletons market growth during the next few years. Also, rise in use of wearable robots and exoskeletons for military and industrial applications and increased r and d spending by vendors will lead to sizable demand in the market.
The report on the wearable robots and exoskeletons market covers the following areas:
Wearable robots and exoskeletons market sizing
Wearable robots and exoskeletons market forecast
Wearable robots and exoskeletons market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading wearable robots and exoskeletons market vendors that include Bionik Laboratories Corp., Bioservo Technologies AB, Cyberdyne Inc., DIH Group, Ekso Bionics Holdings Inc., Exoatlet Global SA, Fourier Intelligence, Ottobock SE and Co. KGaA, Parker Hannifin Corp., ReWalk Robotics Ltd., Rex Bionics Ltd., Sarcos Technology and Robotics Corp., Skelex B.V., Technaid SL, Wandercraft, and Wearable Robotics Srl. Also, the wearable robots and exoskeletons market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Wearable Robots And Exoskeletons 2018 - 2022
Historic Market Size - Data Table on Global Wearable Robots And Exoskeletons 2018 - 2022 ($ million)