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Wearable Robotic Exoskeleton Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026

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The global wearable robotic exoskeleton market is forecasted to value over US$ 4 billion by the end of 2026and record a CAGR of 43.1% during the forecast period of 2019-2026. At present advancement in Artificial Intelligence and robotics is enablin
Wearable Robotic Exoskeleton Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
The global wearable robotic exoskeleton market is forecasted to value over US$ 4
billion by the end of 2026and record a CAGR of 43.1% during the forecast period of
2019-2026.
At present advancement in Artificial Intelligence and robotics is enabling wearable
robotic exoskeleton development primarily for logistics, medical and engineering
commitments due to limited battery support capabilities. However wearable robotic
exoskeleton can be applied in a wide range of industries capable of augmenting the
growth of the global wearable robotic exoskeleton market. Below are a few factors
that can positively affect the market proliferation if the industrial exoskeleton robots
prove themselves to the thorough tests.
• Aerospace workers can safely and efficiently build or repair aeroplane
• Powered human augmentation technology support provided for heavy lifting and
complex tools used in construction and manufacturing industries
• Military/warfighters/first respondents can safely respond to dangerous
conditions with excess safety measures
• Inhibits disability chances in the shipbuilding sector
Besides the above industrial usage wearable, robotic exoskeletons can significantly
change the healthcare sector in terms of rehabilitation therapy for neurological and
cardiac disorders. Exoskeleton rehabilitation is also drawing considerable traction
from the insurance companies. Additionally, the worldwide propagation of the
ageing population prone to the risks of injuries, mobility restriction and impaired
motor functions is supposed to fuel the application of exoskeleton robots.
It is remarkable to consider the innovation opportunities in terms of building robotic
exoskeletons with extended battery life especially in regards to frontline military
personnel working in difficult topographic conditions.
Global Wearable Robotic Exoskeleton Market Restraints
• Stringent government regulations for developing exoskeletons
• High costs associated with the production, equipment ownership and services
• Lack of skilled engineers as the robotic exoskeleton technology is in its infancy
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Global Wearable Robotic Exoskeleton Market, by Type:
+ Passive
+ Active/Powered
Powered type exoskeletons are capable of shifting weights promoting efficient
mobility without fatigue or injury. This is especially helpful in case of soldiers trying
to cover the greater terrestrial distance in unruly topographic places like a tall
building, mountains and rough terrain. Hence the powered sub-segment is estimated
to grow at extremely positive CAGR in the coming years.
Global Wearable Robotic Exoskeleton Market, by End-User:
+ Healthcare
+ Industrial
+ Defence
+ Commercial
Global Wearable Robotic Exoskeleton Market, by Application
+ Rehabilitation
+ Assistive
+ Body Parts Support
+ Sports
Assistive application sub-segment is exhibiting dominance over the sports, body part
support and rehabilitation sub-segments of the global wearable robotic exoskeleton
market. Exoskeleton robotic functions are known to assist personal mobility with the
ability to promote lifting, upright walking, sitting, etc. It also helps patients with
paralytic stroke and musculoskeletal disorders to relearn moving by creating new
muscle memory. Hence assistive sub-segment is anticipated to grow rapidly followed
by the rehabilitation sub-segment during the forecast period.
Global Wearable Robotic Exoskeleton Market, by Material
+ Hard Exoskeleton
+ Soft Exoskeleton
Global Wearable Robotic Exoskeleton Market, by Region:
+ Europe
+ North America
+ APAC
+ Latin America
+ Rest of World
Europe and North America closely compete for the market dominance owing to high
investments, R&D activities, technological advancement and industrial
developments. Presence of robotic developers, a shrinking workforce and favourable
government policies are promoting vigorous growth of the market in the APAC
region.
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Competitive Landscape:
+ Tier 1 players- established companies in the market with a major market share
+ Tier 2 players
+ Emerging players which are growing rapidly
+ New Entrants
FutureWise Takeaways
+ Growth prospects
+ SWOT analysis
+ Key trends
+ Key data points affecting market growth
Objectives of the Study:
+ To provide an exhaustive analysis on the global wearable robotic exoskeleton
market by mode of operation, by end-user, by application, by material and region
+ To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
+ To evaluate and forecast micro-markets and the overall market
+ To predict the market size, in key regions (along with countries)—North America,
Europe, Asia Pacific, Latin America, and the Middle East.
+ To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
+ Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
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