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Exoskeleton System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: EBEB00501477EN
IMARC Group

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Market Overview 2023-2028:

The global exoskeleton system market size reached US$ 794.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 7,597.5 Million by 2028, exhibiting a growth rate (CAGR) of 45.8% during 2023-2028.

An exoskeleton system is a wearable man-machine mechanism that utilizes human intelligence and machine power to provide mechanical strength to the user. It consists of a powered wearable suit that is designed to improve user safety and enhance the overall efficiency to perform specific tasks. It uses smart algorithms that adjust and adapt according to the human body motions and is equipped with various sensors and electrical connections to control the components. Exo-suits assist in lifting heavy materials and reduce stress on the user’s back muscles and spine. Also, they enable the elderly to walk with ease and prevent fall-related injuries. Currently, these systems find extensive applicability across various sectors including healthcare, military and industrial.

Exoskeleton System Market Trends:
The growing need for exoskeletons in the rehabilitation centers along with the increasing industrial activities across the globe are the key factors driving the market growth. The development of motor-equipped robots to assist human body mechanics is another factor contributing to the market growth. The growing prevalence of heart strokes, spinal cord injuries and paralysis among patients has also driven the demand for exoskeletons in the healthcare sector.

The rising adoption rates of exoskeletons across military and industrial sectors are providing a boost to the exoskeleton system market growth. In these sectors, the systems are custom-fitted according to body parts and are made using fiberglass, carbon fiber and aluminum depending on the strength required. Moreover, they efficiently provide support to multiple joints and detect human movements to initiate the appropriate responses of the exoskeleton actuators, thus boosting the product demand further in the military and industrial sectors.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global exoskeleton system market report, along with forecasts at the global and regional levels from 2023-2028. Our report has categorized the market based on component, type, mobility, body part and end-use sector.

Breakup by Component:

Hardware
Sensors
Actuators
Power Sources
Control Systems
Other Components
Software

Breakup by Type:

Powered
Passive

Breakup by Mobility:

Stationary
Mobile

Breakup by Body Part:

Lower Body
Upper Body
Full Body

Breakup by End-Use Sector:

Healthcare
Defense
Industrial
Others

Breakup by Region:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:
The global exoskeleton system market is highly fragmented with the presence of several small and large players. Some of the major players in the market are:

Bionik Laboratories Corp.
SuitX (US Bionics, Inc.)
Gogoa Mobility Robots, S.L.
Exhauss Exoskeleton
Atoun Inc.
Fourier Intelligence Co. Ltd.
Honda Motor Co., Ltd.
Daiya Industry Co. Ltd.
Mitsubishi Heavy Industries Ltd.
Rex Bionics Ltd.
Myomo Inc.
Gobio Robot
Parker Hannifin Corp.
Wandercraft SAS
P&S Mechanics Co. Ltd.

Key Questions Answered in This Report

1. What is the expected growth rate of the global exoskeleton system market?
2. What has been the impact of COVID-19 on the global exoskeleton system market?
3. What are the key factors driving the global exoskeleton system market?
4. What is the breakup of the global exoskeleton system market based on the component?
5. What is the breakup of the global exoskeleton system market based on the type?
6. What is the breakup of the global exoskeleton system market based on the end-use sector?
7. What is the breakup of the global exoskeleton system market based on the mobility?
8. Who are the key players/companies in the global exoskeleton system market?
9. What are the key regions in the global exoskeleton system market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL EXOSKELETON SYSTEM MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Component
5.5Market Breakup by Type
5.6Market Breakup by Mobility
5.7Market Breakup by Body Part
5.8Market Breakup by End-Use Sector
5.9Market Breakup by Region
5.10Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1Hardware
  6.1.1Market Trends
  6.1.2Major Component Types
    6.1.2.1 Sensors
    6.1.2.2 Actuators
    6.1.2.3 Power Sources
    6.1.2.4 Control Systems
    6.1.2.5 Other Components
  6.1.3Market Forecast
6.2Software
  6.2.1Market Trends
  6.2.2Market Forecast

7 MARKET BREAKUP BY TYPE

7.1Powered
  7.1.1Market Trends
  7.1.2Market Forecast
7.2Passive
  7.2.1Market Trends
  7.2.2Market Forecast

8 MARKET BREAKUP BY MOBILITY

8.1Stationary
  8.1.1Market Trends
  8.1.2Market Forecast
8.2Mobile
  8.2.1Market Trends
  8.2.2Market Forecast

9 MARKET BREAKUP BY BODY PART

9.1Lower Body
  9.1.1Market Trends
  9.1.2Market Forecast
9.2Upper Body
  9.2.1Market Trends
  9.2.2Market Forecast
9.3Full Body
  9.3.1Market Trends
  9.3.2Market Forecast

10 MARKET BREAKUP BY END-USE SECTOR

10.1Healthcare
  10.1.1Market Trends
  10.1.2Market Forecast
10.2Defense
  10.2.1Market Trends
  10.2.2Market Forecast
10.3Industrial
  10.3.1Market Trends
  10.3.2Market Forecast
10.4Others
  10.4.1Market Trends
  10.4.2Market Forecast

11 MARKET BREAKUP BY REGION

11.1North America
  11.1.1Market Trends
  11.1.2Market Forecast
11.2Europe
  11.2.1Market Trends
  11.2.2Market Forecast
11.3Asia Pacific
  11.3.1Market Trends
  11.3.2Market Forecast
11.4Middle East and Africa
  11.4.1Market Trends
  11.4.2Market Forecast
11.5Latin America
  11.5.1Market Trends
  11.5.2Market Forecast

12 SWOT ANALYSIS

12.1Overview
12.2Strengths
12.3Weaknesses
12.4Opportunities
12.5Threats

13 VALUE CHAIN ANALYSIS

14 PORTER’S FIVE FORCES ANALYSIS

14.1Overview
14.2Bargaining Power of Buyers
14.3Bargaining Power of Suppliers
14.4Degree of Competition
14.5Threat of New Entrants
14.6Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1Market Structure
16.2Key Players
16.3Profiles of Key Players
  16.3.1Bionik Laboratories Corp.
  16.3.2SuitX (US Bionics, Inc.)
  16.3.3Gogoa Mobility Robots, S.L.
  16.3.4Exhauss Exoskeleton
  16.3.5Atoun Inc.
  16.3.6Fourier Intelligence Co. Ltd.
  16.3.7Honda Motor Co., Ltd.
  16.3.8Daiya Industry Co. Ltd.
  16.3.9Mitsubishi Heavy Industries
  16.3.10 Rex Bionics Ltd.
  16.3.11 Myomo Inc.
  16.3.12 Gobio Robot
  16.3.13 Parker Hannifin Corp.
  16.3.14 Wandercraft SAS
  16.3.15 P&S Mechanics Co. Ltd.

LIST OF TABLES

Table 1: Global: Exoskeleton System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Exoskeleton System Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Exoskeleton System Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Exoskeleton System Market Forecast: Breakup by Mobility (in Million US$), 2023-2028
Table 5: Global: Exoskeleton System Market Forecast: Breakup by Body Part (in Million US$), 2023-2028
Table 6: Global: Exoskeleton System Market Forecast: Breakup by End-Use Sector (in Million US$), 2023-2028
Table 7: Global: Exoskeleton System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Exoskeleton System Market: Competitive Structure
Table 9: Global: Exoskeleton System Market: Key Players

LIST OF FIGURES

Figure 1: Global: Exoskeleton System Market: Major Drivers and Challenges
Figure 2: Global: Exoskeleton System Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Exoskeleton System Market: Breakup by Component (in %), 2022
Figure 4: Global: Exoskeleton System Market: Breakup by Type (in %), 2022
Figure 5: Global: Exoskeleton System Market: Breakup by Mobility (in %), 2022
Figure 6: Global: Exoskeleton System Market: Breakup by Body Part (in %), 2022
Figure 7: Global: Exoskeleton System Market: Breakup by End-Use Sector (in %), 2022
Figure 8: Global: Exoskeleton System Market: Breakup by Region (in %), 2022
Figure 9: Global: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Exoskeleton System Industry: SWOT Analysis
Figure 11: Global: Exoskeleton System Industry: Value Chain Analysis
Figure 12: Global: Exoskeleton System Industry: Porter’s Five Forces Analysis
Figure 13: Global: Exoskeleton System (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Exoskeleton System (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Exoskeleton System (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Exoskeleton System (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Exoskeleton System (Powered) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Exoskeleton System (Powered) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Exoskeleton System (Passive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Exoskeleton System (Passive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Exoskeleton System (Stationary) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Exoskeleton System (Stationary) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Exoskeleton System (Mobile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Exoskeleton System (Mobile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Exoskeleton System (Lower Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Exoskeleton System (Lower Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Exoskeleton System (Upper Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Exoskeleton System (Upper Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Exoskeleton System (Full Body) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Exoskeleton System (Full Body) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Exoskeleton System (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Exoskeleton System (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Exoskeleton System (Defense) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Exoskeleton System (Defense) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Exoskeleton System (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Exoskeleton System (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Exoskeleton System (Other End-Use Sectors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Exoskeleton System (Other End-Use Sectors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Europe: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Europe: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Asia Pacific: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Asia Pacific: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Middle East and Africa: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Middle East and Africa: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Latin America: Exoskeleton System Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Latin America: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2023-2028


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