Global Powered Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Actuator (Electric, Pneumatic, Hydraulic, Fuel Cell, Others), Structure (Rigid, Soft), Vertical (Healthcare, Military, Industrial, Civilian/Consumer), and Region: Trend Forecast and Growth Opportunity
Global powered exoskeletons market will reach $15.14 billion by 2032, growing by 34.2% annually over 2022-2032, driven by the rapid development of exoskeleton technologies, an increase in the physically challenged population, the rising demand for rehabilitation therapy, and the adoption of exoskeletons in military and defense. The annual sales volume is expected to grow by 44.8% annually over the forecast period.
Highlighted with 101 tables and 145 figures, this 236-page report “Global Powered Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Actuator (Electric, Pneumatic, Hydraulic, Fuel Cell, Others), Structure (Rigid, Soft), Vertical (Healthcare, Military, Industrial, Civilian/Consumer), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global powered exoskeletons market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global powered exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Mobility, Actuator, Structure, Vertical, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Sensors
o Actuators
o Power Sources
o Controllers
o Other Hardware
• Software
• Service
Based on Function, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Upper Body Exoskeletons
• Lower Body Exoskeletons
• Full Body Exoskeletons
By Mobility, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Mobile Exoskeletons
• Stationary Exoskeletons
• Tethered Exoskeletons
By Actuator, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Electric Actuator
• Pneumatic Actuator
• Hydraulic Actuator
• Fuel Cell Actuator
• Other Actuator Types
By Structure, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Rigid Exoskeletons
• Soft Exoskeletons
By Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Healthcare Sector
o Rehabilitation
o Mobility Aid
• Military Sector
• Industrial Sector
o Manufacture
o Construction
o Logistics
o Other Industrial Applications
• Civilian/Consumer Sector
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Israel, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) and sales volume (units) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Function, Mobility, and Vertical over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AlterG Inc.
Atoun Inc.
Bionic Power Inc.
Bionik Laboratiories Corp.
Cyberdyne Inc.
Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Ekso Bionics Holdings Inc.
Honda Motor Co., Ltd.
Lockheed Martin Corp.
Myomo Inc.
Noonee
Panasonic Holdings Corp.
Parker Hannifin Corp.
Reha Technology AG
ReWalk Robotics Inc.
Rex Bionics Ltd.
Robotdalen
Sarcos Corporation
US Bionics Inc. (Suitx)
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 12
1.1 Industry Definition and Research Scope 12
1.1.1 Industry Definition 12
1.1.2 Research Scope 14
1.2 Research Methodology 17
1.2.1 Overview of Market Research Methodology 17
1.2.2 Market Assumption 18
1.2.3 Secondary Data 18
1.2.4 Primary Data 18
1.2.5 Data Filtration and Model Design 19
1.2.6 Market Size/Share Estimation 20
1.2.7 Research Limitations 21
1.3 Executive Summary 22
2 Market Overview and Dynamics 25
2.1 Market Size and Forecast 25
2.1.1 Impact of COVID-19 on World Economy 28
2.1.2 Impact of COVID-19 on the Market 31
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 33
2.2 Major Growth Drivers 37
2.3 Market Restraints and Challenges 43
2.4 Emerging Opportunities and Market Trends 46
2.5 Porter’s Fiver Forces Analysis 50
3 Segmentation of Global Market by Offering 54
3.1 Market Overview by Offering 54
3.2 Hardware 56
3.2.1 Sensors 57
3.2.2 Actuators 58
3.2.3 Actuator Sources 59
3.2.4 Controllers 60
3.2.5 Other Hardware 61
3.3 Software 62
3.4 Services 63
4 Segmentation of Global Market by Function 64
4.1 Market Overview by Function 64
4.2 Upper Body Exoskeletons 68
4.3 Lower Body Exoskeletons 70
4.4 Full Body Exoskeletons 72
5 Segmentation of Global Market by Mobility 74
5.1 Market Overview by Mobility 74
5.2 Mobile Exoskeletons 78
5.3 Stationary Exoskeletons 80
5.4 Tethered Exoskeletons 82
6 Segmentation of Global Market by Actuator 84
6.1 Market Overview by Actuator 84
6.2 Electric Actuator 88
6.3 Pneumatic Actuator 90
6.4 Hydraulic Actuator 92
6.5 Fuel Cell Actuator 94
6.6 Other Types 96
7 Segmentation of Global Market by Structure 98
7.1 Market Overview by Structure 98
7.2 Rigid Exoskeletons 102
7.3 Soft Exoskeletons 104
8 Segmentation of Global Market by Vertical 106
8.1 Market Overview by Vertical 106
8.2 Healthcare Sector 110
8.2.1 Rehabilitation 112
8.2.2 Mobility Aid 113
8.3 Military Sector 114
8.4 Industrial Sector 116
8.4.1 Manufacture 118
8.4.2 Construction 119
8.4.3 Logistics 120
8.4.4 Other Industrial Applications 121
8.5 Civilian/Consumer Sector 122
9 Segmentation of Global Market by Region 124
9.1 Geographic Market Overview 2022-2032 124
9.2 North America Market 2022-2032 by Country 130
9.2.1 Overview of North America Market 130
9.2.2 U.S. 136
9.2.3 Canada 139
9.2.4 Mexico 141
9.3 European Market 2022-2032 by Country 143
9.3.1 Overview of European Market 143
9.3.2 Germany 149
9.3.3 U.K. 151
9.3.4 France 153
9.3.5 Spain 155
9.3.6 Italy 157
9.3.7 Russia 159
9.3.8 Rest of European Market 161
9.4 Asia-Pacific Market 2022-2032 by Country/Region 163
9.4.1 Overview of Asia-Pacific Market 163
9.4.2 Japan 169
9.4.3 China 172
9.4.4 Australia 174
9.4.5 India 176
9.4.6 South Korea 178
9.4.7 Rest of APAC Region 180
9.5 South America Market 2022-2032 by Country 182
9.5.1 Argentina 188
9.5.2 Brazil 190
9.5.3 Chile 192
9.5.4 Rest of South America Market 194
9.6 MEA Market 2022-2032 by Country 195
9.6.1 Israel 201
9.6.2 Saudi Arabia 203
9.6.3 South Africa 205
9.6.4 Other National Markets 207
10 Competitive Landscape 208
10.1 Overview of Key Vendors 208
10.2 New Product Launch, Partnership, Investment, and M&A 213
10.3 Company Profiles 216
AlterG Inc. 216
Atoun Inc. 218
Bionic Power Inc. 219
Bionik Laboratiories Corp. 220
Cyberdyne Inc. 221
Daewoo Shipbuilding & Marine Engineering Co., Ltd. 222
Ekso Bionics Holdings Inc. 223
Honda Motor Co., Ltd. 224
Lockheed Martin Corp. 225
Myomo Inc. 226
Noonee 227
Panasonic Holdings Corp. 228
Parker Hannifin Corp. 229
Reha Technology AG 230
ReWalk Robotics Inc. 231
Rex Bionics Ltd. 232
Robotdalen 233
Sarcos Corporation 234
US Bionics Inc. (Suitx) 235
RELATED REPORTS 236
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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