Exoskeleton Robots Global Strategic Research Report 2024: Growing World of Human Augmentation Bodes Well for Exoskeleton Designs for Enhancing Human Performance
Global Exoskeleton Robots Market
Dublin, July 11, 2024 (GLOBE NEWSWIRE) -- The "Exoskeleton Robots - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Exoskeleton Robots was valued at an estimated US$630.4 Million in 2023 and is projected to reach US$4.6 Billion by 2030, growing at a CAGR of 32.7% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the exoskeleton robots market is driven by several factors, reflecting the increasing demand and technological advancements in various sectors. One significant driver is the aging global population, which boosts the need for mobility aids and rehabilitation devices to improve the quality of life for the elderly and disabled. The industrial sector`s focus on worker safety and productivity is another critical factor, as exoskeletons help reduce workplace injuries and enhance efficiency.
Military and defense applications continue to drive innovation and investment in exoskeleton technology, with governments and organizations seeking to improve soldier performance and capabilities. Additionally, the rapid advancements in robotics, AI, and materials science have made exoskeletons more affordable, efficient, and versatile, further propelling market growth.
The increasing number of regulatory approvals and positive clinical outcomes also bolster market confidence and adoption. These factors collectively ensure the robust expansion and continued evolution of the exoskeleton robots market, promising significant advancements in human augmentation and assistive technologies.
Key Insights:
Market Growth: Understand the significant growth trajectory of the Exoskeleton Robots Hardware segment, which is expected to reach US$3.2 Billion by 2030 with a CAGR of a 30.7%. The Exoskeleton Robots Software segment is also set to grow at 39.0% CAGR over the analysis period.
Regional Analysis: Gain insights into the U.S. market, estimated at $263.8 Million in 2023, and China, forecasted to grow at an impressive 41.4% CAGR to reach $783.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as Bionik Laboratories Corp., Bioservo Technologies AB, B-Temia Inc., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
Report Attribute | Details |
No. of Pages | 425 |
Forecast Period | 2023 - 2030 |
Estimated Market Value (USD) in 2023 | $630.4 Million |
Forecasted Market Value (USD) by 2030 | $4600 Million |
Compound Annual Growth Rate | 32.7% |
Regions Covered | Global |
MARKET OVERVIEW
The Age of Robotics is Here!
Exciting New Technologies Shaping Growth
The Growing Clout of Robotics Technology Lays the Foundation for the Growth of Exoskeleton Robots
Exploring the Future of Human Augmentation: Bridging Science Fiction and Reality
Exoskeleton Robots: Wearable Machines to Augment Human Strength
Active & Passive Exoskeletons
Key Applications of Exoskeleton Robots
Pandemic Compels Senior Care Facilities to Use Modern Technologies for Better Care
Disruptions in Military Training Inflicts Direct Blow on Exoskeleton Robotics Market
Rising Demand Amps Up Global Robotic Exoskeletons Market to Action-Packed Future
Mobile Exoskeletons Dominate and Buoy the Market
High Adoption in Medical & Military Applications
North America Remains the Most Lucrative Market
Competition
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
A Glance at Select Exoskeletons in Various Sectors
Recent Market Activity
Influencer/Product/Technology Insights
MARKET TRENDS & DRIVERS
The Growing World of Human Augmentation Bodes Well for Exoskeleton Designs for Enhancing Human Performance
Why Exoskeleton Robots Hold Relevance
Advancing Technology for Human Augmentation Paving the Way for New Design Concepts in Exoskeletons
How AI Technology is Revolutionizing Robotic Exoskeletons
Recent Technological Advancements in Exoskeleton Robots Fuel Growth Prospects
Innovations in Exoskeleton Robots Opening New Avenues for Jaw Rehabilitation
Researchers Develop Wearable Robot to Support Walking
AI-Based Exoskeleton Holds Capability to Estimate User Intentions
Sarcos Robotics Unveils Guardian XO
Innovative Robotic Boot Turns Heads with Incredible Improvement in Walking Speed
Healthcare Sector Steers Momentum in the Exoskeleton Robots Market
Rehabilitation Exoskeleton Robots Set to Make Big Gains
Potential Implications of Exoskeleton Robots for Physical Rehabilitation
Exoskeleton Robots Helping Paraplegics to Walk Again
Increasing Incidence of Neurological, Musculoskeletal and Chronic Medical Conditions to Steer Adoption
Importance of Physical Therapy for Stroke Survivors Bodes Well
Select Arm and Hand Robotic Devices
Select Leg and Foot Robotic Devices
Rising Incidence of Physical Disabilities Steers Importance of Rehabilitation Robots
Percentage of Population with Disabilities by Age Group
Growing Geriatric Population & Parallel Rise in Prevalence of Age-Related Conditions: Strong Business Case for Rehabilitation Exoskeleton Robots
Rising Care Costs & Shortage of Home Care Workers for Disabled and Elderly Turn Focus onto Rehabilitation Robots
Long-term Care Workers in the US: Percentage Breakdown of Workforce by Type for 2020
Resolving Prevailing Issues & Challenges: Critical for Future Success of Rehabilitation Exoskeleton Robots
Exoskeleton Robots Poised to Transform Industrial Sector
Exoskeleton Robots to Play a Vital Role in Transforming Industries and Society
Why Robotic Exoskeletons are a Huge Draw for Modern Industrial Landscape?
Industrial Exoskeleton Robots Promise Increased Worker Productivity & Reduced Workplace Injuries
Current Trends in Industrial Automation & Industry 4.0 Favor Uptake
As Defense Departments Lean towards Advanced Technologies, Opportunities Galore for Military Exoskeleton Robots
Military Spending by Top Countries in 2023 (In US$ Billion)
New Range of Military Exoskeletons Come to the Fore to Address Stringent Requirements of Infantry Squads
Emphasis on Soldier Protection & Strengthening Infantry Capabilities Widen the Business Case
Exoskeleton Robots Augment Military Wearable Technology
AI Steps into Reinforce Military Exoskeleton Robots
US Marines Test Real-Life Exoskeleton Robots
Construction Sector: A Niche Domain for Exoskeleton Robots
Advancements in Exoskeleton Technology for Construction Industry
Exoskeleton Suits Make Big Inroads in Automotive Industry to Lighten Worker Load
Movers Move without Pauses with Robotic Exoskeleton Technology
Smart Exoskeleton Market Poised to Witness Robust Growth
Smart Textiles to Play an Important Role in the Development of Smart Exoskeletons
Major Challenges Associated with Exoskeleton Robots
Lack of Standards Holding Back Exoskeleton Adoption
FOCUS ON SELECT PLAYERS (Total 100 Featured)
Bionik Laboratories Corp.
Bioservo Technologies AB
B-Temia Inc.
Cyberdyne Inc.
Ekso Bionics Holdings Inc.
Gogoa Mobility Robots (Spain)
Hocoma AG
Lockheed Martin Corporation
Ottobock SE & Co. KGaA
RB3D
Rehab-Robotics Company Limited
ReWalk Robotics Ltd.
Rex Bionics Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/idzy18
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900