The global demand for Smart Exoskeleton Market is presumed to reach the market size of nearly USD 5.47 Billion by 2032 from USD 0.41 Billion in 2023 with a CAGR of 33.32% under the study period 2024-2032.
A smart exoskeleton is an external skeleton that supports and protects the body, in contrast to the internal skeleton using a combination of sensors, actuators, mechanical structures, algorithms, and control strategies capable of acquiring information to execute a function. They are referred to as an augmentative device that enhances the user or wearer physical performance for rehabilitation or locomotion assistance. In addition, a smart exoskeleton measures the amount of energy by monitoring breathing and automatically adjusting dynamics, which help minimize human energy expenditure.
MARKET DYNAMICS
The smart exoskeleton has gained robust popularity in recent years. The technology is an effective rehabilitation approach. Technology advancement, high adaptability to the technology, new product launches, and growing awareness are anticipated to increase demand for the smart exoskeleton. The rising aging population and growing burden of musculoskeletal injuries and neurological disorders are putting a significant burden on people's healthy lifestyles. As per the U.S. Census Bureau, the global geriatric population is projected to increase to 1,402.4 million by 2030. Smart exoskeleton technology is unlocking opportunities in military applications. The military field is showing high interest in adopting this technology for defense tasks. This is because a smart exoskeleton will offer load efficiency, facilitate better performance while reducing soldier exertion. Key players are investing in technology to bring their commercial significance. On the flip side, facts such as high equipment costs and stringent government regulations for smart exoskeletons would hamper the market growth in the upcoming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Smart Exoskeleton. The growth and trends of Smart Exoskeleton industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the Smart Exoskeleton market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
Rigid Smart Exoskeleton
Soft Smart Exoskeleton
By Extremity
Lower Extremity
Upper Extremity
Full Body Extremity
By Application
Rehabilitation
Pick & Carry
Others
By End User
Industrial
Healthcare
Military
Others
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the Smart Exoskeleton market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Smart Exoskeleton market include EksoBionics, ReWalkRobotics, Bionik Inc. Cyberdyne Inc., Rex Bionics Ltd., HocomaAG, Wearable Robotics Sil, Fourier Intelligence, AXOSUITS SRL, FREE Bionics Taiwan Inc., Innophys Co Ltd., Medexo Robotics, Noonee, Technaid, Walkbot (P&S Mechanics Co. Ltd), Lockheed Martin Corporation, RB3D. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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3.7.3 Market Attractiveness Analysis By Application
3.7.4 Market Attractiveness Analysis By End User
3.7.5 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1 List of Raw Materials
4.2.2 Raw Material Manufactures List
4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1 Direct Marketing
4.4.2 Indirect Marketing
4.4.3 Marketing Channel Development Trend
5. GLOBAL SMART EXOSKELETON MARKET ANALYSIS BY PRODUCT
5.1. Overview By Product
5.2. Historical and Forecast Data Analysis By Product
5.3. Rigid Smart Exoskeleton Historic and Forecast Sales By Regions
5.4. Soft Smart Exoskeleton Historic and Forecast Sales By Regions
6. GLOBAL SMART EXOSKELETON MARKET ANALYSIS BY EXTREMITY
6.1. Overview By Extremity
6.2. Historical and Forecast Data Analysis By Extremity
6.3. Lower Extremity Historic and Forecast Sales By Regions
6.4. Upper Extremity Historic and Forecast Sales By Regions
6.5. Full Body Extremity Historic and Forecast Sales By Regions
7. GLOBAL SMART EXOSKELETON MARKET ANALYSIS BY APPLICATION
7.1. Overview By Application
7.2. Historical and Forecast Data Analysis By Application
7.3. Rehabilitation Historic and Forecast Sales By Regions
7.4. Pick & Carry Historic and Forecast Sales By Regions
7.5. Others Historic and Forecast Sales By Regions
8. GLOBAL SMART EXOSKELETON MARKET ANALYSIS BY END USER
8.1. Overview By End User
8.2. Historical and Forecast Data Analysis By End User
8.3. Industrial Historic and Forecast Sales By Regions
8.4. Healthcare Historic and Forecast Sales By Regions
8.5. Military Historic and Forecast Sales By Regions
8.6. Others Historic and Forecast Sales By Regions
9. GLOBAL SMART EXOSKELETON MARKET ANALYSIS BY GEOGRAPHY
9.1. Regional Outlook
9.2. Introduction
9.3. North America Sales Analysis
9.3.1 Overview, Historic and Forecast Data Sales Analysis
9.3.2 North America By Segment Sales Analysis
9.3.3 North America By Country Sales Analysis
9.3.4 United States Sales Analysis
9.3.5 Canada Sales Analysis
9.3.6 Mexico Sales Analysis
9.4. Europe Sales Analysis
9.4.1 Overview, Historic and Forecast Data Sales Analysis
9.4.2 Europe By Segment Sales Analysis
9.4.3 Europe By Country Sales Analysis
9.4.4 United Kingdom Sales Analysis
9.4.5 France Sales Analysis
9.4.6 Germany Sales Analysis
9.4.7 Italy Sales Analysis
9.4.8 Russia Sales Analysis
9.4.9 Rest Of Europe Sales Analysis
9.5. Asia Pacific Sales Analysis
9.5.1 Overview, Historic and Forecast Data Sales Analysis
9.5.2 Asia Pacific By Segment Sales Analysis
9.5.3 Asia Pacific By Country Sales Analysis
9.5.4 China Sales Analysis
9.5.5 India Sales Analysis
9.5.6 Japan Sales Analysis
9.5.7 South Korea Sales Analysis
9.5.8 Australia Sales Analysis
9.5.9 South East Asia Sales Analysis
9.5.10 Rest Of Asia Pacific Sales Analysis
9.6. Latin America Sales Analysis
9.6.1 Overview, Historic and Forecast Data Sales Analysis
9.6.2 Latin America By Segment Sales Analysis
9.6.3 Latin America By Country Sales Analysis
9.6.4 Brazil Sales Analysis
9.6.5 Argentina Sales Analysis
9.6.6 Peru Sales Analysis
9.6.7 Chile Sales Analysis
9.6.8 Rest of Latin America Sales Analysis
9.7. Middle East & Africa Sales Analysis
9.7.1 Overview, Historic and Forecast Data Sales Analysis
9.7.2 Middle East & Africa By Segment Sales Analysis
9.7.3 Middle East & Africa By Country Sales Analysis
9.7.4 Saudi Arabia Sales Analysis
9.7.5 UAE Sales Analysis
9.7.6 Israel Sales Analysis
9.7.7 South Africa Sales Analysis
9.7.8 Rest Of Middle East And Africa Sales Analysis
10. COMPETITIVE LANDSCAPE OF THE SMART EXOSKELETON COMPANIES
10.1. Smart Exoskeleton Market Competition
10.2. Partnership/Collaboration/Agreement
10.3. Merger And Acquisitions
10.4. New Product Launch
10.5. Other Developments
11. COMPANY PROFILES OF SMART EXOSKELETON INDUSTRY
11.1. Top Companies Market Share Analysis
11.2. Market Concentration Rate
11.3. EksoBionics
11.3.1 Company Overview
11.3.2 Company Revenue
11.3.3 Products
11.3.4 Recent Developments
11.4. ReWalkRobotics
11.4.1 Company Overview
11.4.2 Company Revenue
11.4.3 Products
11.4.4 Recent Developments
11.5. Bionik Inc. Cyberdyne Inc.
11.5.1 Company Overview
11.5.2 Company Revenue
11.5.3 Products
11.5.4 Recent Developments
11.6. Rex Bionics Ltd.
11.6.1 Company Overview
11.6.2 Company Revenue
11.6.3 Products
11.6.4 Recent Developments
11.7. HocomaAG
11.7.1 Company Overview
11.7.2 Company Revenue
11.7.3 Products
11.7.4 Recent Developments
11.8. Wearable Robotics Sil
11.8.1 Company Overview
11.8.2 Company Revenue
11.8.3 Products
11.8.4 Recent Developments
11.9. Fourier Intelligence
11.9.1 Company Overview
11.9.2 Company Revenue
11.9.3 Products
11.9.4 Recent Developments
11.10. AXOSUITS SRL
11.10.1 Company Overview
11.10.2 Company Revenue
11.10.3 Products
11.10.4 Recent Developments
11.11. FREE Bionics Taiwan Inc.
11.11.1 Company Overview
11.11.2 Company Revenue
11.11.3 Products
11.11.4 Recent Developments
11.12. Innophys Co Ltd.
11.12.1 Company Overview
11.12.2 Company Revenue
11.12.3 Products
11.12.4 Recent Developments
11.13. Medexo Robotics
11.13.1 Company Overview
11.13.2 Company Revenue
11.13.3 Products
11.13.4 Recent Developments
11.14. Noonee
11.14.1 Company Overview
11.14.2 Company Revenue
11.14.3 Products
11.14.4 Recent Developments
11.15. Technaid
11.15.1 Company Overview
11.15.2 Company Revenue
11.15.3 Products
11.15.4 Recent Developments
11.16. Walkbot (P&S Mechanics Co. Ltd)
11.16.1 Company Overview
11.16.2 Company Revenue
11.16.3 Products
11.16.4 Recent Developments
11.17. Lockheed Martin Corporation
11.17.1 Company Overview
11.17.2 Company Revenue
11.17.3 Products
11.17.4 Recent Developments
11.18. RB3D
11.18.1 Company Overview
11.18.2 Company Revenue
11.18.3 Products
11.18.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies