Exoskeleton System Market Report

Market Overview:

The global exoskeleton market was worth US$ 280 Million in 2019 and is expected to grow at a CAGR of 40% during 2020-2025. 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.

Global Exoskeleton Market Trends and Drivers:

The growing need for exoskeletons in the rehabilitation centers along with the increasing industrial activities across the globe are the key factors driving the exoskeleton 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 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 sub-segment of the global exoskeleton market report, along with forecasts for growth at the global, regional and country level from 2020-2025. Our report has categorized the market based on component, type, mobility, body part, end use sector and region.

• Market Breakup by Component:
  • Hardware 
    • Sensors
    • Actuators
    • Power Sources
    • Control Systems
    • Other Components
  • Software
     
• Market Breakup by Type:
  • Powered
  • Passive
     
• Market Breakup by Mobility:
  • Stationary
  • Mobile
     
• Market Breakup by Body Part:
  • Lower Body
  • Upper Body
  • Full Body
     
• Market Breakup by End Use Sector:
  • Healthcare
  • Defense
  • Industrial
  • Others
     
• Market Breakup by Region:
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

• Historical, Current and Future Market Trends

Competitive Landscape:

The global exoskeleton system market is highly fragmented with the presence of several small and large players competing in terms of price and quality. Some of the major players in the market are:

• Bionik Laboratories
• Suitx
• Gogoa Mobility Solutions
• Exhauss
• Atoun
• Fourier Intelligence
• Honda Motor
• Daiya Industry Company
• Mitsubishi Heavy Industries
• Rex Bionics
• Myomo
• Gobio Robot
• Parker Hannifin
• Wandercraft
• P&S Mechanics

Key Questions Answered in This Report:

• How has the global exoskeleton system market performed so far and how will it perform in the coming years?
• What are the key regional markets in the global exoskeleton system industry?
• What has been the impact of COVID-19 on the global exoskeleton system industry?
• What is the breakup of the market based on the component?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the mobility?
• What is the breakup of the market based on the body part?
• What is the breakup of the market based on the end use sector?
• What are the various stages in the value chain of the global exoskeleton system industry?
• What are the key driving factors and challenges in the global exoskeleton system industry?
• What is the structure of the global exoskeleton system industry and who are the key players?
• What is the degree of competition in the global exoskeleton system industry?

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Exoskeleton System Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Component
    5.5    Market Breakup by Type
    5.6    Market Breakup by Mobility
    5.7    Market Breakup by Body Part
    5.8    Market Breakup by End-Use Sector
    5.9    Market Breakup by Region
    5.10    Market Forecast
6    Market Breakup by Component
    6.1    Hardware
        6.1.1    Market Trends
        6.1.2    Major 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 
        6.1.3    Market Forecast
    6.2    Software
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by Type
    7.1    Powered
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Passive
        7.2.1    Market Trends
        7.2.2    Market Forecast
8    Market Breakup by Mobility
    8.1    Stationary
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Mobile
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by Body Part
    9.1    Lower Body
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Upper Body
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Full Body
        9.3.1    Market Trends
        9.3.2    Market Forecast
10    Market Breakup by End-Use Sector 
    10.1    Healthcare
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Defense
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Industrial
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Others
        10.4.1    Market Trends
        10.4.2    Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Europe
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Asia Pacific
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porter’s Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Bionik Laboratories
        16.3.2    Suitx
        16.3.3    Gogoa Mobility Solutions
        16.3.4    Exhauss
        16.3.5    Atoun
        16.3.6    Fourier Intelligence
        16.3.7    Honda Motor
        16.3.8    Daiya Industry Company
        16.3.9    Mitsubishi Heavy Industries
        16.3.10     Rex Bionics
        16.3.11     Myomo
        16.3.12     Gobio Robot
        16.3.13     Parker Hannifin
        16.3.14     Wandercraft
        16.3.15     P&S Mechanics

List of Figures

Figure 1: Global: Exoskeleton System Market: Major Drivers and Challenges
Figure 2: Global: Exoskeleton System Market: Sales Value (in Billion US$), 2014 - 2019
Figure 3: Global: Exoskeleton System Market: Breakup by Component (in %), 2019
Figure 4: Global: Exoskeleton System Market: Breakup by Type (in %), 2019
Figure 5: Global: Exoskeleton System Market: Breakup by Mobility (in %), 2019
Figure 6: Global: Exoskeleton System Market: Breakup by Body Part (in %), 2019
Figure 7: Global: Exoskeleton System Market: Breakup by End-Use Sector (in %), 2019
Figure 8: Global: Exoskeleton System Market: Breakup by Region (in %), 2019
Figure 9: Global: Exoskeleton System Market Forecast: Sales Value (in Billion US$), 2020-2025
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$), 2014 & 2019
Figure 14: Global: Exoskeleton System (Hardware) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Exoskeleton System (Software) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Exoskeleton System (Software) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Exoskeleton System (Powered) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Exoskeleton System (Powered) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Exoskeleton System (Passive) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Exoskeleton System (Passive) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Exoskeleton System (Stationary) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Exoskeleton System (Stationary) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Exoskeleton System (Mobile) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Exoskeleton System (Mobile) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Exoskeleton System (Lower Body) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Exoskeleton System (Lower Body) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Exoskeleton System (Upper Body) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Exoskeleton System (Upper Body) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Exoskeleton System (Full Body) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Exoskeleton System (Full Body) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Global: Exoskeleton System (Healthcare) Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Global: Exoskeleton System (Healthcare) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Global: Exoskeleton System (Defense) Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Global: Exoskeleton System (Defense) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: Global: Exoskeleton System (Industrial) Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: Global: Exoskeleton System (Industrial) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Global: Exoskeleton System (Other End Use Sectors) Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Global: Exoskeleton System (Other End Use Sectors) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: North America: Exoskeleton System Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: North America: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 41: Europe: Exoskeleton System Market: Sales Value (in Million US$), 2014 & 2019
Figure 42: Europe: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 43: Asia Pacific: Exoskeleton System Market: Sales Value (in Million US$), 2014 & 2019
Figure 44: Asia Pacific: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 45: Middle East and Africa: Exoskeleton System Market: Sales Value (in Million US$), 2014 & 2019
Figure 46: Middle East and Africa: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 47: Latin America: Exoskeleton System Market: Sales Value (in Million US$), 2014 & 2019
Figure 48: Latin America: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2020-2025

List of Tables

Table 1: Global: Exoskeleton System Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Exoskeleton System Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 3: Global: Exoskeleton System Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 4: Global: Exoskeleton System Market Forecast: Breakup by Mobility (in Million US$), 2020-2025
Table 5: Global: Exoskeleton System Market Forecast: Breakup by Body Part (in Million US$), 2020-2025
Table 6: Global: Exoskeleton System Market Forecast: Breakup by End Use Sector (in Million US$), 2020-2025
Table 7: Global: Exoskeleton System Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: Global: Exoskeleton System Market Structure
Table 9: Global: Exoskeleton System Market: Key Players