TMCnet News
Global Exoskeleton Market Report 2023: Demand for Human Augmentation Equipment to Drive Market Across Industrial and Military VerticalsDUBLIN, Feb. 28, 2023 /PRNewswire/ -- The "Global Exoskeleton Market by Component (Hardware, Software), Type (Powered, Passive), Body Part (Full Body, Lower & Upper Extremities), Mobility (Stationary, Mobile), Structure (Rigid, Soft), Vertical, and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.  The global exoskeleton market is expected to grow from USD 0.7 billion in 2023 to USD 3.7 billion by 2028, at a CAGR of 38.6%. The key factors driving the exoskeleton market growth are surging demand for exoskeletons from the healthcare vertical and rising development in robotic technologies. Full body segment is estimated to grow at a highest CAGR during the forecast period The full body segment is expected to grow at the highest CAGR of more than 45% from 2023 to 2028. This is mainly because of the growing interest of the governments of various countries toward the development of full-body exoskeletons, owing to the advantages these exoskeletons provide in the defense sector. Several countries are investing heavily in the development of this technology to further strengthen their security forces on borders. The main constraint for full-body exoskeletons is price sensitivity, which will decrease gradually as the overall market progresses. Stationary segment holds the second-largest share of exoskeleton market in 2022 Stationary exoskeletons incorporate a fixed structure that is combined with a moving ground platform. They are mainly developed for virtual reality and telerobotic applications. These exoskeletons are mostly used in a variety of medical applications, such as in rehabilitation centers and hospitals, to treat spinal cord injuries and other mobility impairment disorders, which is estimated to increased its adoption in the coming years. North America region held the largest market share in 2022 North America is expected to hold the largest share of the gobal exoskeleton market during 2023-2028. The growth of the market can be attributed to the presence of major players, their subsidiaries, distributors, and resellers in this region. Growing demand from the healthcare sector for rehabilitation, advancements in robotic technologies, and huge investments made for the development of exoskeleton technology are boosting the demand for exoskeletons in North America. Research Coverage The research report on the global exoskeleton market covers the market based on component, type, body part, mobility, structure, vertical, and region. Based on component, the market has been segmented into hardware and software. Hardware segment is further segregated into sensors, actuators, power sources, control systems/controllers, and others. Based on type, the market has been segmented into powered and passive. Based on body part, the market has been segmented into lower extremities, upper extremities, and full body. Based on mobility, the market has been segmented into stationary and mobile. Based on structure, the market has been segmented into rigid exoskeletons and soft exoskeletons. Based on vertical, the market has been segmented into healthcare, defense, industrial, and others. The report covers four major regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). Market Dynamics Drivers
Restraints
Opportunities
Challenges
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Exoskeleton Market, by Component 7 Exoskeleton Market, by Type 8 Exoskeleton Market, by Body Part 9 Exoskeleton Market, by Mobility 10 Exoskeleton Market, by Structure 11 Exoskeleton Market, by Vertical 12 Exoskeleton Market, by Region 13 Competitive Landscape 14 Company Profiles 15 Adjacent & Related Markets 16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/c4cllr About ResearchAndMarkets.com
Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets 
|
View original content: