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Exoskeleton Market Set for Surge, Projected to Reach US$7.46 Billion by 2029 Driven by 31.2% CAGR

07-03-2024 12:32 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐†๐ฅ๐จ๐›๐š๐ฅ ๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ: ๐‘๐ž๐ฏ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ข๐ณ๐ข๐ง๐  ๐‡๐ฎ๐ฆ๐š๐ง ๐€๐ฎ๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง

The global exoskeleton market is projected to witness remarkable growth, reaching US$ 7.46 billion by 2029, with a robust CAGR of 31.2% during the forecast period. This exponential growth trajectory is driven by several key factors reshaping industries worldwide.

๐ˆ๐ฆ๐ฉ๐š๐œ๐ญ ๐จ๐Ÿ ๐‚๐Ž๐•๐ˆ๐ƒ-19 ๐จ๐ง ๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The COVID-19 pandemic significantly influenced the exoskeleton market, impacting revenue streams across market leaders, followers, and disruptors. Variations in lockdown measures globally led to diverse regional and segmental impacts, shaping short-term and long-term strategies for industry decision-makers.

๐†๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐„๐ช๐ฎ๐ข๐ฉ๐ฉ๐ž๐ ๐ฐ๐ข๐ญ๐ก ๐ˆ๐ง๐ญ๐ž๐ซ๐š๐œ๐ญ๐ข๐ฏ๐ž ๐†๐ซ๐š๐ฉ๐ก๐ฌ: https://www.maximizemarketresearch.com/request-sample/2620/

๐”๐ง๐๐ž๐ซ๐ฌ๐ญ๐š๐ง๐๐ข๐ง๐  ๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ:

Exoskeletons are wearable devices designed to augment human physical capabilities. Comprising rigid components and advanced sensors, these devices serve functions ranging from support and protection to mobility enhancement. Powered by actuators and sensors, or passive in design, exoskeletons facilitate enhanced limb movement and strength amplification, revolutionizing tasks across various sectors.

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ:

The market's growth is propelled by increasing adoption in industrial and military sectors for human augmentation, rising demand in healthcare for robotic rehabilitation, and technological advancements in robotics. However, stringent regulatory frameworks concerning medical applications present challenges to market expansion.

๐Š๐ž๐ฒ ๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ:

๐๐ฒ ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ,
Software
Hardware

๐๐ฒ ๐“๐ฒ๐ฉ๐ž,
Passive
Powered

๐๐ฒ ๐Œ๐จ๐›๐ข๐ฅ๐ข๐ญ๐ฒ,
Mobile
Stationary

๐๐ฒ ๐๐จ๐๐ฒ ๐๐š๐ซ๐ญ,
Full Body
Upper Extremities
Lower Extremities

๐๐ฒ ๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ,
Defense
Healthcare
Industrial

1. Hardware Dominance: The hardware segment, primarily composed of control systems, holds over 88% of the exoskeleton market share, owing to its substantial contribution to device costs.
2. Mobility Trends: Mobile exoskeletons constitute over 68% of the market, driven by their compact size, light weight, and versatile operational capabilities, appealing to both domestic and industrial users.
3. Software Advancements: The software segment is anticipated to exhibit significant growth, supporting the increasing complexity of exoskeleton functionalities and enhancing operational efficiency.
4. Application in Rehabilitation: The stationary exoskeleton segment, particularly in rehabilitation centers for spinal injuries, is expected to surpass USD 1.3 billion by 2029, highlighting its crucial role in healthcare.

๐†๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ง๐œ๐ฅ๐ฎ๐๐ข๐ง๐  ๐‚๐ก๐š๐ซ๐ญ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/2620/

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:

North America leads the global exoskeleton market with a share exceeding 45%, attributed to the region's concentration of key industry players, growing elderly population, and widespread adoption across military, healthcare, and consumer sectors.

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

The report provides comprehensive insights into competitive dynamics, including mergers, acquisitions, product launches, and R&D initiatives among key market players. This facilitates stakeholders in gaining competitive intelligence and enhancing their market position.

1. Cyberdyne
2. Bionik Laboratories
3. Ekso Bionics
4. B-Temia
5. Focal Meditech
6. Lockheed Martin
7. DIH Technologies
8. Rewalk Robotics
9. Ottobock
10.Meditouch
11.Honda Motor
12.Parker Hannifin
13.Atoun
14.Rex Bionics
15.Mitsubishi Heavy Industries
16.Myomo
17.Wandercraft
18.Daiya Industry Co.

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

The market analysis integrates data from authoritative sources like Bloomberg, Hoovers, and Factiva, validated through consultations with industry experts and stakeholders. Top-down and bottom-up approaches ensure accurate estimations of global and regional market sizes, employing data triangulation techniques for precise forecasts.

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐€๐ฎ๐๐ข๐ž๐ง๐œ๐ž:

The report caters to a diverse audience including electronic design automation vendors, technology solution providers, research institutes, government bodies, and market research firms, offering strategic insights to capitalize on emerging opportunities in the exoskeleton market.

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง:

The global exoskeleton market presents lucrative opportunities driven by technological advancements and increasing adoption across diverse sectors. With rigorous research methodologies and detailed segmentation, the report equips stakeholders with actionable insights to navigate market complexities and foster sustainable growth strategies in the evolving landscape of human augmentation technologies.

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐…๐ฎ๐ซ๐ญ๐ก๐ž๐ซ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/market-report/exoskeleton-market/2620/

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐‚๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ:

1. ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ: A brief summary of the Exoskeleton Market.
2. ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐’๐œ๐จ๐ฉ๐ž: The boundaries and focus of the Exoskeleton Market report.
3. ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž: A comprehensive view of the Exoskeleton Market environment.
4. ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ณ๐ž: Analysis of the current size of the Exoskeleton Market.
5. ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐›๐ฒ ๐“๐ฒ๐ฉ๐ž: Breakdown of the Exoskeleton Market by different types.
6. ๐…๐ข๐ฏ๐ž ๐…๐จ๐ซ๐œ๐ž๐ฌ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Evaluation of competitive pressures in the market.
7. ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ž๐ซ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Insights into the customer demographics and behavior.
8. ๐†๐ž๐จ๐ ๐ซ๐š๐ฉ๐ก๐ข๐œ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Examination of the market across different regions.
9. ๐ƒ๐ž๐œ๐ข๐ฌ๐ข๐จ๐ง ๐…๐ซ๐š๐ฆ๐ž๐ฐ๐จ๐ซ๐ค: Tools and criteria for decision-making in the market.
10. ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐‚๐ก๐š๐ฅ๐ฅ๐ž๐ง๐ ๐ž๐ฌ: Key factors driving growth and the challenges faced.
11. ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ: Current trends shaping the Exoskeleton Market.
12. ๐•๐ž๐ง๐๐จ๐ซ ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž: Overview of the key vendors in the Exoskeleton Market.
13. ๐•๐ž๐ง๐๐จ๐ซ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: Detailed analysis of major vendors.

๐Š๐ž๐ฒ ๐ช๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ฌ๐ฐ๐ž๐ซ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐š๐ซ๐ž:

โ€ข What are Exoskeleton Derivatives?
โ€ข What is the current growth rate of the Exoskeleton Market?
โ€ข Who are the key players in the Exoskeleton Market?
โ€ข What are the factors affecting growth in the Exoskeleton Market?
โ€ข Who held the largest market share in the Exoskeleton Market?
โ€ข What is the demand pattern for the Exoskeleton Market?
โ€ข What are the key trends in Exoskeleton Market?
โ€ข What are the strategies used by competitors in the Exoskeleton Market?
โ€ข What are the growth prospects in developing countries for the Exoskeleton Market?
โ€ข Which segment is expected to witness the fastest growth and why in the Exoskeleton Market?

๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape (2019 to 2022)
โ€ข Past Pricing and price curve by region (2019 to 2023)
โ€ข Market Size, Share, Size & Forecast by Different Segment | 2023-2030
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Market Segmentation - A detailed analysis by product, end-user, distribution channel, and region
โ€ข Competitive Landscape - Profiles of selected key players by region in a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐‡๐ž๐ซ๐ž:

1. Cookware Market https://www.maximizemarketresearch.com/market-report/cookware-market/124386/

2. Mobile Device Management Market https://www.maximizemarketresearch.com/market-report/global-mobile-device-management-market/3407/

3. Telepsychiatry Market https://www.maximizemarketresearch.com/market-report/telepsychiatry-market/166837/

4. WealthTech Solutions Market https://www.maximizemarketresearch.com/market-report/wealthtech-solutions-market/167061/

5. Air Conditioning Compressor market https://www.maximizemarketresearch.com/market-report/air-conditioning-compressor-market/169709/

6. Machine Glazed Papers Market https://www.maximizemarketresearch.com/market-report/machine-glazed-papers-market/183586/

7. FRP Panels & Sheets Market https://www.maximizemarketresearch.com/market-report/global-frp-panels-sheets-market/62606/

8. Antifog Additives Market https://www.maximizemarketresearch.com/market-report/global-anti-fog-additives-market/26934/

9. Melon Seeds Market https://www.maximizemarketresearch.com/market-report/global-melon-seeds-market/81721/

10. Power Rental Systems Market https://www.maximizemarketresearch.com/market-report/global-power-rental-systems-market/21040/

๐Ž๐ฎ๐ซ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐‹๐ž๐š๐ซ๐ง ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ: ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Artificial Intelligence in Agriculture Market size is expected to grow at 21.5% throughout the forecast period, reaching nearly US$ 7.88 Bn by 2030 Artificial Intelligence in Agriculture Market Overview: The Artificial Intelligence in Agriculture market represents the integration of advanced computational technologies into farming practices to enhance efficiency, productivity, and sustainability. This market encompasses a wide array of solutions, including predictive analytics for crop yield forecasting, computer vision systems for monitoring plantโ€ฆ
Offshore Support Vessels Market to Reach USD 4.16 Billion by 2032, Growing at a 6.5% CAGR
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Offshore Support Vessels Market to Reach USD 4.16 Billion by 2032, Growing at a โ€ฆ
Offshore Support Vessels Market size was valued at USD 2510.79 Million in 2024 and the total Offshore Support Vessels revenue is expected to grow at a CAGR of 6.5% from 2025 to 2032, reaching nearly USD 4155.34 Million. Offshore Support Vessels Industry Overview: The offshore support vessels (OSV) industry provides a critical maritime logistical backbone for offshore oil and gas exploration and production activities, as well as a growing role in offshoreโ€ฆ
Commercial Vehicles Market Forecast to Expand from USD 848.63 Billion to USD 1.23 Trillion by 2032
09-04-2025 | Advertising, Media Consulting, โ€ฆ
MAXIMIZE MARKET RESEARCH PVT. LTD.
Commercial Vehicles Market Forecast to Expand from USD 848.63 Billion to USD 1.2 โ€ฆ
Commercial Vehicles Market size was valued at USD 848.63 Billion in 2024 and the total Commercial Vehicles revenue is expected to grow at a CAGR of 4.7% from 2025 to 2032, reaching nearly USD 1225.45 Billion. Commercial Vehicles Market Overview: The commercial vehicles market is a vital segment of the global automotive industry, encompassing vehicles designed primarily for transporting goods or passengers for commercial purposes. This broad category includes light commercial vehiclesโ€ฆ

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More Releases for Exoskeleton

11-05-2024 | Consumer Goods & Retail
SkyQuest Technology Group
Exoskeleton Market Emerging Opportunities Exoskeleton Market Potential and Strat โ€ฆ
In recent years, the global Exoskeleton Market has witnessed a dynamic shift, influenced by changing consumer preferences, technological advancements, and a growing emphasis on sustainability. The Research report on Exoskeleton Market presents a complete judgment of the market through strategic insights on future trends, growth factors, supplier landscape, demand landscape, Y-o-Y growth rate, CAGR, pricing analysis. It also provides and a lot of business matrices including Porters Five Forces Analysis,โ€ฆ
04-11-2024 | Advertising, Media Consulting, โ€ฆ
AMA Research & Media LLP
Military Exoskeleton Market Projected to Show Strong Growth Global Military Exos โ€ฆ
Advance Market Analytics published a new research publication on "Military Exoskeleton Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Military Exoskeleton market was mainly driven by the increasing R&D spending across the world. Get Free Exclusive PDF Sample Copy ofโ€ฆ
02-22-2023 | IT, New Media & Software
Thinking Caps Market Reports
Exoskeleton Robotic System Market Forecast to 2028 - COVID-19 Impact and Global โ€ฆ
Lower Body Exoskeleton Segment to Lead Exoskeleton Robotic System Market Growth For sample pages and special offers, please visit https://www.thinkingcapsrc.com/reports/1601/exoskeleton-robotic-system According to our latest study on ""Exoskeleton Robotic System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Application, and Geography,"" the market was valued at US$ 1,001.14 million in 2021 and is likely to reach US$ 4,224.63 million by 2028; it is estimated to grow at aโ€ฆ
01-20-2023 | Health & Medicine
Thinking Caps Market Reports
Exoskeleton Robotic System Market Forecast to 2028 - COVID-19 Impact and Global โ€ฆ
Lower Body Exoskeleton Segment to Lead Exoskeleton Robotic System Market Growth For sample pages and discount https://www.thinkingcapsrc.com/reports/2088/exoskeleton-robotic-system According to our latest study on ""Exoskeleton Robotic System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Application, and Geography,"" the market was valued at US$ 1,001.14 million in 2021 and is likely to reach US$ 4,224.63 million by 2028; it is estimated to grow at a CAGR of 23.0%โ€ฆ
11-29-2022 | Health & Medicine
Vantage Market Research
Medical Exoskeleton Market Size to Hit $5.80 Billion by 2028 | Medical Exoskelet โ€ฆ
According to our experience research team, Medical Exoskeleton Market was valued at USD 0.21 Billion in 2021, and the global Medical Exoskeleton industry is projected to reach a value of USD 5.80 Billion by 2028, at a CAGR of 44.8% during the forecast period 2022-2028 The report is focused on gaining various Medical Exoskeleton market trends, dynamics, growth drivers, opportunities, weaknesses, strengths, and threats restraining the market growth. Further, the globalโ€ฆ
10-18-2021 | Health & Medicine
startup campus global
Exoskeleton against back pain
By combining medicine and modern robotics, the startup Japet Medical developed a novel exoskeleton. For companies, its use can mean a significant reduction in work absences and accidents. Now, with the support of Startup Campus Germany, the French company has won its first German customers, Hof University of Applied Sciences and MeisterWerke Schulte GmbH. Lower back pain, muscular and skeletal diseases are the main cause of absenteeism and occupational diseases. Forโ€ฆ