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Global Smart Exoskeleton Market to reach USD XX billion by the end of 2029.

Global Smart Exoskeleton Market Size study & Forecast, by Component (Sensors, Actuators, Power Source, Control System, Others), by Type (Soft Exoskeleton, Rigid Exoskeleton), by Body Part (Upper Body, Lower Body, Full body), by Application (Industrial, Healthcare, Military, Others) and Regional Analysis, 2022-2029

Product Code: EESC-85652450
Publish Date: 17-04-2023
Page: 200

Global Smart Exoskeleton Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Smart exoskeleton is a fueled wearable suit, which is intended to improve user safety while improving overall human efficiency to do different tasks. Smart algorithms are used in this exoskeleton, which automatically adapts to the motions of the human body and further aid in obtaining performance excellence. Additionally, smart exoskeletons use less energy than conventional exoskeletons because they can automatically adapt to body actions. Additionally, it helps those who are physically weak as well as those with medical and neurological conditions. It makes use of an exoskeleton that is smart, lightweight, and specifically designed to increase user movements and guard against unexpected injuries. It also makes it easier for the elderly to walk and reduces injuries from accidents. The market for smart exoskeletons is growing as the target population increases globally. The increase in accidents that result in disabilities benefits the market. The market is further impacted by the rise in geriatrics because chronic diseases are more common in the elderly. Another factor supporting the market growth is rising demand for gait rehabilitation and increasing demand in industrial body parts that create a lucrative demand for the market.

The rising number of people suffering from physical disabilities is propelling the lucrative demand for the smart exoskeleton. According to Statista, in 2016, the number of people with a disability aged between 15 and 64 years old in France was 5.78 million and in 2019 the number reached 5.95 million. As a result, the rising number of differently-abled population is creating the lucrative opportunity for the market during forecast period. Additionally, increasing investments in research and development for innovative, energy-efficient and lightweight exoskeletons globally are anticipated to create lucrative opportunities for market growth. However, the concerns related to affordability of Smart Exoskeleton stifle market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Smart Exoskeleton Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players and rising number of gait rehabilitation in the region. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising geriatric and increasing number of people suffering from physical disabilities.

Major market players included in this report are:
Esco Bionics (US)
EXHAUSS (Canada)
Rex Bionics Ltd (New Zealand)
ReWalk Robotics (Israel)
Raytheon Company (US)
Fourier Intelligence Co., Ltd (China)
DIH Technologies Corporation (US)
Focal Meditech BV (Netherlands)
Recent Developments in the Market:
Ø In 2021, Ekso Bionics formed a collaboration with the American Physiatry Society to inform doctors about the therapeutic significance of the EksoNR exoskeleton. This collaboration will aid in the effective incorporation of robots into rehabilitation programmes and increase other doctors’ and therapists’ awareness of Ekso Bionics technology.

Global Smart Exoskeleton Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Type, Body Part, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Power Source
Control System

By Type:
Soft Exoskeleton
Rigid Exoskeleton

By Body Part:
Upper Body
Lower Body
Full body

By Application:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Smart Exoskeleton Market, by Region, 2019-2029 (USD Billion)
1.2.2. Smart Exoskeleton Market, by Component, 2019-2029 (USD Billion)
1.2.3. Smart Exoskeleton Market, by Type, 2019-2029 (USD Billion)
1.2.4. Smart Exoskeleton Market, by Body Part, 2019-2029 (USD Billion)
1.2.5. Smart Exoskeleton Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Exoskeleton Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Exoskeleton Market Dynamics
3.1. Smart Exoskeleton Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing target population Rising demand in gait rehabilitation
3.1.2. Market Challenges High costs associated with manufacturing smart exoskeleton
3.1.3. Market Opportunities Increasing investments in research and development
Chapter 4. Global Smart Exoskeleton Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Smart Exoskeleton Market, by Component
6.1. Market Snapshot
6.2. Global Smart Exoskeleton Market by Component, Performance – Potential Analysis
6.3. Global Smart Exoskeleton Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
6.4. Smart Exoskeleton Market, Sub Segment Analysis
6.4.1. Sensors
6.4.2. Actuators
6.4.3. Power Source
6.4.4. Control System
6.4.5. Others
Chapter 7. Global Smart Exoskeleton Market, by Type
7.1. Market Snapshot
7.2. Global Smart Exoskeleton Market by Type, Performance – Potential Analysis
7.3. Global Smart Exoskeleton Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
7.4. Smart Exoskeleton Market, Sub Segment Analysis
7.4.1. Soft Exoskeleton
7.4.2. Rigid Exoskeleton
Chapter 8. Global Smart Exoskeleton Market, by Body Part
8.1. Market Snapshot
8.2. Global Smart Exoskeleton Market by Body Part, Performance – Potential Analysis
8.3. Global Smart Exoskeleton Market Estimates & Forecasts by Body Part 2019-2029 (USD Billion)
8.4. Smart Exoskeleton Market, Sub Segment Analysis
8.4.1. Upper Body
8.4.2. Lower Body
8.4.3. Full body
Chapter 9. Global Smart Exoskeleton Market, by Application
9.1. Market Snapshot
9.2. Global Smart Exoskeleton Market by Application, Performance – Potential Analysis
9.3. Global Smart Exoskeleton Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
9.4. Smart Exoskeleton Market, Sub Segment Analysis
9.4.1. Industrial
9.4.2. Healthcare
9.4.3. Military
9.4.4. Others
Chapter 10. Global Smart Exoskeleton Market, Regional Analysis
10.1. Smart Exoskeleton Market, Regional Market Snapshot
10.2. North America Smart Exoskeleton Market
10.2.1. U.S. Smart Exoskeleton Market Component breakdown estimates & forecasts, 2019-2029 Type breakdown estimates & forecasts, 2019-2029 Body Part breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
10.2.2. Canada Smart Exoskeleton Market
10.3. Europe Smart Exoskeleton Market Snapshot
10.3.1. U.K. Smart Exoskeleton Market
10.3.2. Germany Smart Exoskeleton Market
10.3.3. France Smart Exoskeleton Market
10.3.4. Spain Smart Exoskeleton Market
10.3.5. Italy Smart Exoskeleton Market
10.3.6. Rest of Europe Smart Exoskeleton Market
10.4. Asia-Pacific Smart Exoskeleton Market Snapshot
10.4.1. China Smart Exoskeleton Market
10.4.2. India Smart Exoskeleton Market
10.4.3. Japan Smart Exoskeleton Market
10.4.4. Australia Smart Exoskeleton Market
10.4.5. South Korea Smart Exoskeleton Market
10.4.6. Rest of Asia Pacific Smart Exoskeleton Market
10.5. Latin America Smart Exoskeleton Market Snapshot
10.5.1. Brazil Smart Exoskeleton Market
10.5.2. Mexico Smart Exoskeleton Market
10.5.3. Rest of Latin America Smart Exoskeleton Market
10.6. Rest of The World Smart Exoskeleton Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. Esco Bionics (US) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. EXHAUSS (Canada)
11.2.3. SUIT X (US)
11.2.4. Rex Bionics Ltd (New Zealand)
11.2.5. ReWalk Robotics (Israel)
11.2.6. Raytheon Company (US)
11.2.8. Fourier Intelligence Co., Ltd (China)
11.2.9. DIH Technologies Corporation (US)
11.2.10. Focal Meditech BV (Netherlands)
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
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