The global market for exoskeleton robotics is expected to experience significant growth in the next five years, according to a recent report. The market analysis delves into the size, share, and industry trends of the exoskeleton robotics market, providing valuable insights for industry players.
According to the report, the global exoskeleton robotics market is estimated to be worth USD million in 2023 and is forecasted to reach USD million by 2030, with a compound annual growth rate (CAGR) of percent during the forecast period. The healthcare, defense, and industrial sectors are identified as key applications for exoskeleton robotics, while lower, upper, and full body exoskeletons are the major types.
Regionally, North America currently dominates the exoskeleton robotics market, with a market share of percent in 2022. Europe is projected to witness substantial growth and is expected to reach USD million by 2030. The Asia-Pacific region, particularly Japan and South Korea, also show promising growth opportunities with CAGRs of percent and percent respectively over the next six years.
Leading manufacturers in the global exoskeleton robotics market include Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, Interactive Motion Technologies, Panasonic, and Myomo. These companies hold a significant market share in terms of revenue.
The growth of the exoskeleton robotics market is driven by increasing global demand across various applications. With strategic initiatives from key industry players, the market is expected to exhibit substantial growth during the forecast period. However, the market has faced challenges during the COVID-19 pandemic and the Russia-Ukraine conflict, and the report explores the impact of these events and strategies for recovery.
In conclusion, the global exoskeleton robotics market is poised for significant growth in the next five years, driven by increasing demand and technological advancements. The report provides comprehensive insights into market trends, segmentation, and regional analysis, serving as a valuable resource for industry players and stakeholders.
– Market Growth Reports