Press release
Wearable Robots and Exoskeletons Market 2022 Analysis by Top Manufacturers – Cyberdyne Inc., ReWalk Robotics Inc., Ekso Bionics Holdings Inc., Sarcos Corporation
The Wearable Robots and Exoskeletons Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.The wearable robots and exoskeletons are expected to record a CAGR of 22.17% over the forecast period (2021 - 2026).
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Top Leading Companies of Wearable Robots and Exoskeletons Market are Cyberdyne Inc., ReWalk Robotics Inc., Ekso Bionics Holdings Inc., Sarcos Corporation, Honda Motor Co. Ltd., Hocoma AG (DIH International Ltd.), Lockheed Martin Corporation, Technaid. S.L., Skelex, ATOUN Inc. and others.
Industry News and Updates
September 2019 - Hyundai Motor Group developed a vest exoskeleton (VEX), a wearable robot to assist industrial workers who spend long hours working in overhead environments. VEX enhances productivity and minimizes fatigue of the workers by imitating the movement of human joints to boost support and mobility.
- January 2019 - Ekso Bionics Holdings Inc.'s subsidiary, Ekso Bionics Inc., partnered with Zhejiang Youchuang Venture Capital Investment Co., Ltd, and another partner to establish a joint venture to develop the exoskeleton market in China and other Asian markets and to create an exoskeleton manufacturing center.
Key Market Trends
Asia-Pacific is Expected to Experience a Rapid Growth
- Asia-Pacific wearable robots and exoskeletons market are expected to grow at a faster pace over the forecast period. The use of wearable robots in the region varies from healthcare, manufacturing, defense, etc. When it comes to the exoskeleton wearable development, two countries in the region stand apart from the rest, Japan and China. Both countries view exoskeletons as the key to prevent workplace injury and allowing aging workers to stay in the workforce longer. For instance, Tokyo's Haneda Airport is using exoskeletons for its aging staff to help them in lifting luggage.
- With the aging population becoming a major problem in this region, the demand for wearable robots and exoskeletons is set to increase over the forecast period. As per the Ministry of Internal Affairs and Communications (Japan), 36.2 million inhabitants in Japan were aged 65 or older in 2020, as compared to that of 35.2 million in 2017. This is encouraging companies to invest in such products for the elder population in the region.
Regional Outlook of Wearable Robots and Exoskeletons Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Wearable Robots and Exoskeletons Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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