Wearable Robotic Exoskeleton Market Size, Share, And Trends Analysis 2024-2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Wearable Robotic Exoskeleton Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $7.12 billion In 2028 At A CAGR Of 42.9% :

The wearable robotic exoskeleton market size has grown exponentially in recent years. It will grow from $1.16 billion in 2023 to $1.71 billion in 2024 at a compound annual growth rate (CAGR) of 47.3%. The growth in the historic period can be attributed to success stories and early adopters, media and public awareness, human-machine interface improvements, rising awareness of aging population challenges, increased focus on workplace safety.

The wearable robotic exoskeleton market size is expected to see exponential growth in the next few years. It will grow to $7.12 billion in 2028 at a compound annual growth rate (CAGR) of 42.9%. The growth in the forecast period can be attributed to global expansion of exoskeleton manufacturers, integration with augmented reality (AR) and artificial intelligence (AI), regulatory support and standards, cost reductions and affordability, rehabilitation and healthcare opportunities. Major trends in the forecast period include increased adoption in aging populations, expanding applications in neurorehabilitation, diversification in industrial sectors, advanced human-machine interfaces, integration with AI and robotics.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=13955&type=smp

Wearable Robotic Exoskeleton Market Major Segments
The wearable robotic exoskeleton market covered in this report is segmented -

1) By Type: Passive, Powered
2) By Actuation Technology: Electric, Hydraulic, Fully Mechanical, Other Actuation Technology
3) By Application: Rehabilitation, Assistive, Body Parts Support, Sports
4) By End User: Healthcare, Industrial, Defense, Commercial

Key Driver - Rising Incidence Of Spinal Cord Injuries Fuels Growth Of Wearable Robotic Exoskeleton Market

The rising number of spinal cord injuries is expected to propel the growth of the wearable robotic exoskeleton market in the coming years. Spinal cord injuries (SCIs) refer to damage or trauma to the spinal cord, a crucial bundle of nerves running down the vertebral column. Wearable robotic exoskeletons are used for spinal cord injuries to enhance mobility and provide support for individuals with impaired motor functions. For instance, in October 2022, according to the New Zealand Spinal Trust, a New Zealand-based non-profit organization, the incidence of spinal cord injuries (SCI) in New Zealand is currently 45 per million, a slight increase from 41 per million in 2021. Therefore, the rising number of spinal cord injuries is driving the wearable robotic exoskeleton market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=13955&type=smp

Prominent Trend - AI And Machine Learning Integration For Enhanced Product Capabilities

Major companies operating in the wearable robotic exoskeleton market are focusing on the integration of AI and machine learning into developed products, such as AI-powered exoskeletons, to strengthen their position in the market. An AI-powered exoskeleton is a wearable robotic device that incorporates artificial intelligence (AI) technology to enhance its functionality, responsiveness, and adaptability. For instance, in December 2021, German Bionic, a Germany-based company that manufactures smart exoskeletons and wearables, launched the fifth generation Cray X. The fifth generation Cray X has significant improvements such as an active walking aid, IP54 waterproofing, a more powerful 40 V battery, and a redesigned energy management system. Furthermore, the unique onboarding assistant simplifies the process of getting started, and the Smart Safety Companion-German Bionic's AI-based ergonomic early warning system-improves workplace safety and assists organizations in meeting their ESG and sustainability objectives. The latest Cray X model broadens the range of applications and introduces new aspects of human enhancement.

Wearable Robotic Exoskeleton Market Players
Major companies operating in the wearable robotic exoskeleton market report are Lockheed Martin Corporation, Mitsubishi Heavy Industries Ltd., Parker Hannifin Corporation, Comau LLC, Fourier Intelligence, Genesis Robotics, Hocoma AG (DIH International Ltd.), Myomo Inc., Cyberdyne Inc., Sarcos Corporation, ATOUN Inc, Ekso Bionics Holdings Inc., Bioservo Technologies AB, Daiya Industry Co. Ltd., ReWalk Robotics Inc., Skelex AG, Focal Meditech BV, B-Temia Inc., Technaid S.L., GenElek Technologies, Rex Bionics PLC, Innervo Labs, Harmonic Bionics, Gogoa Mobility Robots, Bionik Laboratories Corp., P&S Mechanics Co. Ltd., Skeletonics

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/wearable-robotic-exoskeleton-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the wearable robotic exoskeleton market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wearable robotic exoskeleton market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wearable Robotic Exoskeleton Market Report Structure
3. Wearable Robotic Exoskeleton Market Trends And Strategies
4. Wearable Robotic Exoskeleton Market - Macro Economic Scenario
5. Wearable Robotic Exoskeleton Market Size And Growth
…..
27. Wearable Robotic Exoskeleton Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.