According to the new market research report on the “Exoskeleton Market by Component (Hardware
and Software), Type (Powered and Passive), Mobility (Stationary and Mobile),
Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and
Industrial), and Geography – Global Forecast to 2023“, the exoskeleton
market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5
Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the
growing demand from healthcare sector for robotic rehabilitation, advancements
in robotic technologies, and huge investments for the development of
exoskeleton technology.
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Exoskeleton market
for software to grow at a higher CAGR during the forecast period
The exoskeleton market for software is expected to grow at a
higher CAGR during the forecast period. As technological advancements will lead
to the growing complexity in terms of features such as inter-device
connectivity, artificial intelligence (AI), and autonomous operations, the
software segment is likely to gain more importance than that of the hardware
segment in the overall exoskeleton market as software will assist the complex
functionalities to process efficiently and accurately.
Browse and in-depth
TOC on “Exoskeleton Market”
65 – Tables
37– Figures
148 – Pages
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TOC @
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Powered exoskeleton
held a larger share of the exoskeleton market in 2016
The powered exoskeleton captured a larger share of the
overall exoskeleton market in 2016. The high cost of powered exoskeletons leads
to a higher market share of the technology compared to passive exoskeletons.
Exoskeleton market
for mobile exoskeleton to grow at a higher CAGR during the forecast period
The market for mobile exoskeleton is expected to grow at a
higher CAGR between 2017 and 2023. The healthcare vertical is already a major
consumer of mobile exoskeletons, and because of its added advantages, these
exoskeletons can also find applications in several new verticals, such as
defense, sports and fitness, and search and rescue.
Americas is the major
consumer of exoskeletons
The Americas accounted for the largest share of the overall
exoskeleton market in 2016. The Americas, being the early adopter of
exoskeletons for all major verticals such as healthcare, industrial, and
defense and a home to some well-known players in the exoskeleton market, has
the maximum demand for exoskeletons.
The report profiles
the most promising players in the market.
The competitive landscape of the market is highly dynamic
because of the presence of a significant number of big and small players. The
key players in the market are Bionik Laboratories (Canada), B-Temia (Canada),
CYBERDYNE (Japan), Ekso Bionics (US), Focal Meditech (Netherlands), DIH
Technologies (China), Hyundai Motor (South Korea), Lockheed Martin (US),
Meditouch (Israel), Ottobock (Germany), ReWalk Robotics (Israel), Exhauss
(France), Fourier Intelligence (China), GOGOA Mobility Robots (Spain), P&S
Mechanics (South Korea), suitX (US), ATOUN (Japan), Daiya Industry Co. (Japan),
Honda Motor (Japan), MITSUBISHI HEAVY INDUSTRIES (Japan), PARKER HANNIFIN (US),
Rex Bionics (New Zealand), Gobio Robot (France), Myomo (US), and Wandercraft
(France).
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