Global Exoskeleton Robots Business Report 2024-2030: As Defense Departments Lean towards Advanced Technologies, Opportunities Galore for Military Exoskeleton Robots

News provided by

Feb 23, 2024, 17:30 ET

DUBLIN, Feb. 23, 2024 /PRNewswire/ -- The "Exoskeleton Robots - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Exoskeleton Robots Market to Reach $4.6 Billion by 2030

The global market for Exoskeleton Robots estimated at US$489.9 Million in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2030, growing at a CAGR of 32.2% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 30.2% CAGR and reach US$3.2 Billion by the end of the analysis period. Growth in the Software segment is estimated at 38.4% CAGR for the next 8-year period.

The report heralds the arrival of the age of robotics, highlighting exciting new technologies driving growth, particularly in the realm of exoskeleton robots. It explores the future of human augmentation, bridging science fiction with reality through wearable machines designed to augment human strength.

An overview of active and passive exoskeletons is provided, along with key applications across various sectors. Amidst a global economic update, the report underscores the shift towards an endemic COVID-19 strategy and its implications for managing future pandemics, alongside the impact of inflationary pressures driven by geopolitical tensions.

COVID-19 is identified as a major catalyst for the deployment of full-body, powered exoskeletons, particularly in senior care facilities and military training, despite disruptions. This has led to a surge in demand, particularly for mobile exoskeletons, with high adoption rates observed in medical and military applications. The report also offers a glance at select exoskeletons across various sectors and provides insights into recent market activities, as well as influencer, product, and technology insights, shaping the trajectory of the exoskeleton robotics market.

The U.S. Market is Estimated at $210.3 Million, While China is Forecast to Grow at 40.9% CAGR

North America is highlighted as the most lucrative market for exoskeleton robots. The competitive landscape is examined, including key competitors' market share percentages and their presence in the market.

The Exoskeleton Robots market in the U.S. is estimated at US$210.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$783 Million by the year 2030 trailing a CAGR of 40.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 33.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 31.3% CAGR.

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
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
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
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)

AiTreat Pte. Ltd.
Cyberdyne, Inc.
BIONIK Laboratories Corporation
Ekso Bionics Holdings, Inc.
HandyRehab
KUKA AG
Lockheed Martin Corporation
Ottobock SE & Co. KGaA
Sarcos Corporation
Tyromotion GmbH

For more information about this report visit https://www.researchandmarkets.com/r/lafw4e

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.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets