Market Overview 2022-2027:
The global exoskeleton system market size reached US$
543.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$
5,275.8 Million by 2027, exhibiting a growth rate (CAGR) of
46.13% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different
end use sectors. These insights are included in the report as a major market contributor.
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 sub-segment of the global exoskeleton system market report, along with forecasts at the global and regional level from 2022-2027. 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:
Breakup by Mobility:
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.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Million |
| Segment Coverage |
Component, Type, Mobility, Body Part, End-Use Sector, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Companies Covered |
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 and P&S Mechanics Co. Ltd. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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 Corp.
16.3.2 SuitX (US Bionics, Inc.)
16.3.3 Gogoa Mobility Robots, S.L.
16.3.4 Exhauss Exoskeleton
16.3.5 Atoun Inc.
16.3.6 Fourier Intelligence Co. Ltd.
16.3.7 Honda Motor Co., Ltd.
16.3.8 Daiya Industry Co. Ltd.
16.3.9 Mitsubishi 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 Figures
Figure 1: Global: Exoskeleton System Market: Major Drivers and Challenges
Figure 2: Global: Exoskeleton System Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Exoskeleton System Market: Breakup by Component (in %), 2021
Figure 4: Global: Exoskeleton System Market: Breakup by Type (in %), 2021
Figure 5: Global: Exoskeleton System Market: Breakup by Mobility (in %), 2021
Figure 6: Global: Exoskeleton System Market: Breakup by Body Part (in %), 2021
Figure 7: Global: Exoskeleton System Market: Breakup by End-Use Sector (in %), 2021
Figure 8: Global: Exoskeleton System Market: Breakup by Region (in %), 2021
Figure 9: Global: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2022-2027
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$), 2016 & 2021
Figure 14: Global: Exoskeleton System (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Exoskeleton System (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Exoskeleton System (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Exoskeleton System (Powered) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Exoskeleton System (Powered) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Exoskeleton System (Passive) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Exoskeleton System (Passive) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Exoskeleton System (Stationary) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Exoskeleton System (Stationary) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Exoskeleton System (Mobile) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Exoskeleton System (Mobile) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Exoskeleton System (Lower Body) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Exoskeleton System (Lower Body) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Exoskeleton System (Upper Body) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Exoskeleton System (Upper Body) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Exoskeleton System (Full Body) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Exoskeleton System (Full Body) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Exoskeleton System (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Exoskeleton System (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Exoskeleton System (Defense) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Exoskeleton System (Defense) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Exoskeleton System (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Exoskeleton System (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Exoskeleton System (Other End-Use Sectors) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Exoskeleton System (Other End-Use Sectors) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Exoskeleton System Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Europe: Exoskeleton System Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Europe: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Asia Pacific: Exoskeleton System Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Asia Pacific: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Middle East and Africa: Exoskeleton System Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Middle East and Africa: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Latin America: Exoskeleton System Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Latin America: Exoskeleton System Market Forecast: Sales Value (in Million US$), 2022-2027
List of Tables
Table 1: Global: Exoskeleton System Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Exoskeleton System Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Exoskeleton System Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Exoskeleton System Market Forecast: Breakup by Mobility (in Million US$), 2022-2027
Table 5: Global: Exoskeleton System Market Forecast: Breakup by Body Part (in Million US$), 2022-2027
Table 6: Global: Exoskeleton System Market Forecast: Breakup by End-Use Sector (in Million US$), 2022-2027
Table 7: Global: Exoskeleton System Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Exoskeleton System Market: Competitive Structure
Table 9: Global: Exoskeleton System Market: Key Players