Exoskeleton Wearable Robots Market Growth Factors and Trends with Focusing 2026

Exoskeleton Wearable Robots Market

The exoskeleton wearable robots refer to the mobile machine powered by technology, allowing limb movement to enhance and endurance.  It offers a broad range of traits that includes; enhance walking efficiency, assist manual activities, improved production rates, and reduced fatigue. Moreover, it aids in reducing and lifting stress on the user's body parts such as the spine and muscles, among others.

The increasing popularity of industrial body parts, growing demand for wearable robots in the manufacturing and construction industry, and increasing geriatric population worldwide are the factors fueling the market. However, the high cost of deployment hampers the market growth.

The Major Players Covered in this Report:
Atoun Inc., Daiya Industry Co., Ltd., Gogoa.EU, Harvard Biodesign Lab, ReWalk Robotics Inc., Revision Military, SRI International, Lockheed Martin Corporation, Ekso Bionics, Hocoma, RB3D, Bioservo Technologies AB. 

The global exoskeleton wearable robots market was valued at USD 24.9 million, growing at a CAGR of 27.3% during the forecast period.

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By Type-  Full body, Upper and Lower Body,

By End-Users- Industrial, Defence, Healthcare, Others, Search and Rescue Operations and Disaster Relief, Sports and Fitness, Agriculture

Increasing Popularity of Industrial Body Parts

Exoskeletons are getting lighter, more useful, smarter, and are extensively used across several verticals, from healthcare and military to construction. Companies such as Ekso, Panasonic, Honda, Daewoo, Noonee, Lockheed Martin, Sarcos/Raytheon, BAE Systems, Revision Military, and Cyberdyne are working on product development and innovations of exoskeleton robots for industrial applications.

The growing popularity and demand for industrial body parts also provide impetus to the market as they can be custom-fitted according to body parts and use different types of materials such as fiberglass, aluminum, and carbon fiber the strength requirements. In manufacturing environments, workers are put through production activities that are load intensive; hence, the exoskeleton plays a vital role in weighing down the stress. For instance, in 2017, RoboMate launched in France, aided by EU funding. It targets industrial applications and features an active trunk and an active and a passive arm. Furthermore, it supports multiple joints, owing to their ability to adhere to the body and identify human movements to initiate the exoskeleton actuators' opposite responses.

Regional Analysis For Exoskeleton Wearable Robots Market:

North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

In this study, the years considered to estimate the market size of the Exoskeleton Wearable Robots are as follows:

History Year: 2014-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year 2021 to 2026

The study objectives of this report are:

To study and forecast the market size of the Exoskeleton Wearable Robots in the global market.
To analyze the global key players, SWOT analysis, value, and global market share for top players.
To define, describe and forecast the market by type, end-use, and region.
To analyze and compare the market status and forecast among global major regions.
 Analyze the potential of the global market and the advantages, opportunities and challenges, constraints, and risks of key regions.
Identify the key trends and factors that are driving or holding back market growth.
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments.
Strategic analysis of each submarket in light of individual growth trends and market contributions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Complete analysis of the strategic strategy and growth of key players

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