Wearable Robots And Exoskeletons Market Forecasts to 2028 – Global Analysis By Limb Type (Full Body, Upper Limb), Application (Body Parts Support, Rehabilitation), End User (Healthcare, Industrial) and By Geography

Years Covered |
2020-2028 |
Estimated Year Value (2021) |
US $663.30 MN |
Projected Year Value (2028) |
US $7,571.00 MN |
CAGR (2021 - 2028) |
41.6% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
North America |
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Wearable Robots and Exoskeletons Market is accounted for $663.30 million in 2021 and is expected to reach $7,571.00 million by 2028 growing at a CAGR of 41.6% during the forecast period. Wearable Robots and Exoskeletons are utilized to aid in personal mobility. Wearable robots, exoskeletons units are developing additional functionality fast. They support upright walking and relearning of lost functions for stroke patients and individuals who are paralyzed. Exoskeletons deliver high-quality analysis, thus, providing the base for a growth strategy for clinical facilities.
Market Dynamics:
Driver:
Integration of smart technologies in robots
Exoskeleton robots are becoming more widespread in industries throughout the world as technical capabilities improve. The logistics, medical, and engineering industries have benefited from the advent of technology such as interactive Internet of Things (IoT), artificial intelligence (AI), virtual guidance, interactive learning & digital assistants in robots. Furthermore, the robotics sector has seen substantial changes as a result of the advent of methodologies, particularly human-in-the-loop optimization optimized in robotics. Realtime measurements of human physiological data, such as breathing rate, are used to modify control settings and other functions in these approaches.
Restraint:
Huge investments and non-coverage of wearable robotic devices
Robotic exoskeletons are now widely utilized for a variety of tasks, including lifting large and sophisticated instruments and assisting the movement of elderly persons who are prone to injury. These robots are also seeing increased use in military activities, as they help to increase the endurance of warfighters on the battlefield by adding extra safety measures, which is fueling the market's development. However, the large initial expenditure necessary to obtain these devices is a stumbling block to the market's growth. Installation, integration of intelligent sensors and software solutions, training and rehabilitative charges/fees, after-sales services, and regular maintenance would all add to the total cost of ownership.
Opportunity:
Increasing adoption of exoskeleton devices in the medical industry
Exoskeleton devices in the medical industry are booming quickly due to their increasing demand. This is mostly owing to the increasing prevalence of inborn physical disabilities, the increasing number of vehicular accidents, and other factors. In 2018, around 288,000 people in the U.S. were living with spinal cord injuries, with an annual incidence of approximately 17,700 new cases per year, according to the National Spinal Cord Injury Statistical Center (NSCIAC). Similarly, according to the multiple sclerosis foundation, in 2018, almost 1 million people in the U.S. & around 2.3 million people across the globe suffered from multiple sclerosis.
Threat:
Large initial expenditure
The large initial expenditure necessary to obtain these devices is a stumbling block to the market's growth. Installation, integration of intelligent sensors and software solutions, training and rehabilitative charges/fees, after-sales services, and regular maintenance would all add to the total cost of ownership. Furthermore, the introduction of modern, intuitive technology can occasionally raise interdisciplinary problems, resulting in unfavorable outcomes on a variety of levels. The robot becomes physically sensitive and empathic to the user's motions as a result of this. The patient, on the other hand, must trust and rely on the robot's movements. This can occasionally fail to provide the desired outcomes, resulting in bodily injury to the operator.
The military & defense segment is expected to have the highest CAGR during the forecast period
The military & defense segment is growing at the highest CAGR in the market due to need for increasing the safety and efficiency of the soldiers and necessity of an exoskeleton which are comfortable to wear for many hours and is still highly effective and flexible.
The industrial segment is expected to be the largest during the forecast period
The industrial segment is expected to be the largest share in the market. With the rising deployment of robotic exoskeletons, the industrial segment is expected to increase at a high rate. Exoskeletons have been used in a variety of applications to improve worker capabilities. Automobile manufacturers such as BMW, Honda, Ford, and Hyundai; electronics manufacturers such as Samsung, Panasonic, Mitsubishi, and Siemens; and logistics and shipping companies such as Geodis, and AT are all examples of industrial uses of exoskeletons.
Region with highest share:
North America is projected to hold the largest share in the market. This is attributed to the presence of several prominent market players in the U.S. Furthermore, substantial investments in wearable robotics by regional players are anticipated to create more opportunities for the development of advanced exoskeletons, with a variety of options and features based on the prevalent market trends.
Region with highest CAGR:
The Asia Pacific is projected to have the highest CAGR in the market. This is on account of the rising awareness and advantageous use of wearable robotics in manufacturing and construction activities. The rise in the production of exoskeletons for the defense sector is expected to be a major factor driving the market, with China, Japan, and South Korea estimated to be the major revenue-generating economies.
Key players in the market:
Some of the key players profiled in the Wearable Robots and Exoskeletons Market include ATOUN Inc, B-Temia Inc, Cyberdyne Inc., Daiya Industry Co., Ltd, Ekso Bionics Holdings Inc., Focal Meditech BV, Hocoma AG (DIH International Ltd.), Honda Motor Co. Ltd., Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Parker Hannifin Corporation, ReWalk Robotics Inc., Sarcos Corporation, Skelex, and Technaid S.L.
Key developments:
In July 2021: Cyberdyne Inc. has formed a commercial collaboration with J-Workout Inc. to deliver the new service from August 2021. By triggering the activation loop of the brain's nervous system via Wearable Cyborg HAL, the Group delivers Neuro HALFIT as a service to support the functional improvement of patients with decreased motor functions.
In March 2021: Ekso Bionics announced a partnership with the US Physiatry to educate physicians on the clinical benefits of an EksoNR exoskeleton. The partnership will help raise awareness of Ekso Bionics technology among physicians and other rehabilitation therapists and teach them how to integrate robotics into rehabilitation programs successfully.
In March 2021: DIH International Limited, the parent company of Hocomo, partnered with Reha technology to distribute the rehabilitation robotics products developed in Switzerland, Germany, and the United States. The products are end-effector-based gait therapy devices for lower extremities rehabilitation.
Limb Types Covered:
• Full Body
• Upper Limb
• Lower Limb
Material Types Covered:
• Soft Exoskeleton
• Hard Exoskeleton
Sales Channels Covered:
• Subscription
• Direct Purchase
• Resell and Upgrade
Operations Covered:
• Active Exoskeletons
• Powered Exoskeletons
• Passive Exoskeletons
Types Covered:
• Fixed Exoskeleton
• Mobile Exoskeleton
Components Covered:
• Hardware
• Software
Applications Covered:
• Assistive
• Body Parts Support
• Rehabilitation
• Sports
End Users Covered:
• Commercial
• Healthcare
• Industrial
• Military & Defense
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Wearable Robots and Exoskeletons Market, By Limb Type
5.1 Introduction
5.2 Full Body
5.3 Upper Limb
5.4 Lower Limb
6 Global Wearable Robots and Exoskeletons Market, By Material Type
6.1 Introduction
6.2 Soft Exoskeleton
6.3 Hard Exoskeleton
7 Global Wearable Robots and Exoskeletons Market, By Sales Channel
7.1 Introduction
7.2 Subscription
7.3 Direct Purchase
7.4 Resell and Upgrade
8 Global Wearable Robots and Exoskeletons Market, By Operation
8.1 Introduction
8.2 Active Exoskeletons
8.3 Powered Exoskeletons
8.4 Passive Exoskeletons
9 Global Wearable Robots and Exoskeletons Market, By Type
9.1 Introduction
9.2 Fixed Exoskeleton
9.3 Mobile Exoskeleton
10 Global Wearable Robots and Exoskeletons Market, By Component
10.1 Introduction
10.2 Hardware
10.3 Software
11 Global Wearable Robots and Exoskeletons Market, By Application
11.1 Introduction
11.2 Assistive
11.3 Body Parts Support
11.4 Rehabilitation
11.5 Sports
12 Global Wearable Robots and Exoskeletons Market, By End User
12.1 Introduction
12.2 Commercial
12.3 Healthcare
12.4 Industrial
12.5 Military & Defense
13 Global Wearable Robots and Exoskeletons Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 Italy
13.3.4 France
13.3.5 Spain
13.3.6 Rest of Europe
13.4 Asia Pacific
13.4.1 Japan
13.4.2 China
13.4.3 India
13.4.4 Australia
13.4.5 New Zealand
13.4.6 South Korea
13.4.7 Rest of Asia Pacific
13.5 South America
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Chile
13.5.4 Rest of South America
13.6 Middle East & Africa
13.6.1 Saudi Arabia
13.6.2 UAE
13.6.3 Qatar
13.6.4 South Africa
13.6.5 Rest of Middle East & Africa
14 Key Developments
14.1 Agreements, Partnerships, Collaborations and Joint Ventures
14.2 Acquisitions & Mergers
14.3 New Product Launch
14.4 Expansions
14.5 Other Key Strategies
15 Company Profiling
15.1 ATOUN Inc
15.2 B-Temia Inc
15.3 Cyberdyne Inc.
15.4 Daiya Industry Co., Ltd
15.5 Ekso Bionics Holdings Inc.
15.6 Focal Meditech BV
15.7 Hocoma AG (DIH International Ltd.)
15.8 Honda Motor Co. Ltd.
15.9 Lockheed Martin Corporation
15.10 Mitsubishi Heavy Industries, Ltd.
15.11 Parker Hannifin Corporation
15.12 ReWalk Robotics Inc.
15.13 Sarcos Corporation
15.14 Skelex
15.15 Technaid S.L.
List of Tables
1 Global Wearable Robots and Exoskeletons Market Outlook, By Region (2020-2028) ($MN)
2 Global Wearable Robots and Exoskeletons Market Outlook, By Limb Type (2020-2028) ($MN)
3 Global Wearable Robots and Exoskeletons Market Outlook, By Full Body (2020-2028) ($MN)
4 Global Wearable Robots and Exoskeletons Market Outlook, By Upper Limb (2020-2028) ($MN)
5 Global Wearable Robots and Exoskeletons Market Outlook, By Lower Limb (2020-2028) ($MN)
6 Global Wearable Robots and Exoskeletons Market Outlook, By Material Type (2020-2028) ($MN)
7 Global Wearable Robots and Exoskeletons Market Outlook, By Soft Exoskeleton (2020-2028) ($MN)
8 Global Wearable Robots and Exoskeletons Market Outlook, By Hard Exoskeleton (2020-2028) ($MN)
9 Global Wearable Robots and Exoskeletons Market Outlook, By Sales Channel (2020-2028) ($MN)
10 Global Wearable Robots and Exoskeletons Market Outlook, By Subscription (2020-2028) ($MN)
11 Global Wearable Robots and Exoskeletons Market Outlook, By Direct Purchase (2020-2028) ($MN)
12 Global Wearable Robots and Exoskeletons Market Outlook, By Resell and Upgrade (2020-2028) ($MN)
13 Global Wearable Robots and Exoskeletons Market Outlook, By Operation (2020-2028) ($MN)
14 Global Wearable Robots and Exoskeletons Market Outlook, By Active Exoskeletons (2020-2028) ($MN)
15 Global Wearable Robots and Exoskeletons Market Outlook, By Powered Exoskeletons (2020-2028) ($MN)
16 Global Wearable Robots and Exoskeletons Market Outlook, By Passive Exoskeletons (2020-2028) ($MN)
17 Global Wearable Robots and Exoskeletons Market Outlook, By Type (2020-2028) ($MN)
18 Global Wearable Robots and Exoskeletons Market Outlook, By Fixed Exoskeleton (2020-2028) ($MN)
19 Global Wearable Robots and Exoskeletons Market Outlook, By Mobile Exoskeleton (2020-2028) ($MN)
20 Global Wearable Robots and Exoskeletons Market Outlook, By Component (2020-2028) ($MN)
21 Global Wearable Robots and Exoskeletons Market Outlook, By Hardware (2020-2028) ($MN)
22 Global Wearable Robots and Exoskeletons Market Outlook, By Software (2020-2028) ($MN)
23 Global Wearable Robots and Exoskeletons Market Outlook, By Application (2020-2028) ($MN)
24 Global Wearable Robots and Exoskeletons Market Outlook, By Assistive (2020-2028) ($MN)
25 Global Wearable Robots and Exoskeletons Market Outlook, By Body Parts Support (2020-2028) ($MN)
26 Global Wearable Robots and Exoskeletons Market Outlook, By Rehabilitation (2020-2028) ($MN)
27 Global Wearable Robots and Exoskeletons Market Outlook, By Sports (2020-2028) ($MN)
28 Global Wearable Robots and Exoskeletons Market Outlook, By End User (2020-2028) ($MN)
29 Global Wearable Robots and Exoskeletons Market Outlook, By Commercial (2020-2028) ($MN)
30 Global Wearable Robots and Exoskeletons Market Outlook, By Healthcare (2020-2028) ($MN)
31 Global Wearable Robots and Exoskeletons Market Outlook, By Industrial (2020-2028) ($MN)
32 Global Wearable Robots and Exoskeletons Market Outlook, By Military & Defense (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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