1. Market Research
  2. > Healthcare Market Trends
Global Smart Exoskeleton Market, By Component, By Type, By Product Type, By Body Part, By Application, By Region, Competition, Forecast & Opportunities, 2026

Global Smart Exoskeleton Market, By Component, By Type, By Product Type, By Body Part, By Application, By Region, Competition, Forecast & Opportunities, 2026

  • July 2021
  • 118 pages
  • ID: 6105538
  • Format: PDF
  • TechSci Research

Summary

Table of Contents

Global Smart Exoskeleton Market, By Component (Actuators, Power Source, Control System, Sensors, Others), By Type (Rigid v/s Soft), By Product Type (Active v/s Passive), By Body Part (Upper body, Lower body, Full body), By Application (Healthcare, Industrial, Military, Others), By Region, Competition, Forecast & Opportunities, 2026

Global smart exoskeleton market stood at USD147.12 million in 2020 and is anticipated to grow at an impressive rate of around 9.94% during the forecast period. This can be attributed to the growing prevalence of road accidents, spinal injuries, workplace/industrial injuries, strokes, among others. This has in turn increased the number of people suffering from physical disorders and neurological disorders requiring products for rehabilitation purposes. This has significantly increased the demand for different types of smart exoskeleton thereby, fueling the market growth. Additionally, increasing demand from industrial sectors in order to prevent workplace injuries is further expected to boost the market growth. Also, the use of smart exoskeletons has significantly increased for military purposes especially in North American and European countries. Many aerospace & defense companies in these regions have started manufacturing smart exoskeletons for military purposes. This in turn is expected to create lucrative opportunities for the overall growth of market in the next few years.

Smart exoskeleton market can be segmented based on component, type, product type, body part, application, region and company.On the basis of component, the market can be segmented into actuators, sensors, power source, control system, among others.

In 2020, actuators dominated the market with an overall share of around 31.23% and the segment is expected to maintain its dominance during the forecast period since they improve the efficiency of the exoskeletons through control of errant motions. Additionally, actuators form an integral part of different kinds of smart exoskeletons. Based on type, the market can be bifurcated into rigid exoskeleton and soft exoskeleton. Rigid exoskeleton is expected to dominate the market in 2020 since most of the exoskeletons available in the market are rigid. Also, they prevent any kind of injuries to the wearer during fall or injury in healthcare, military and industrial applications. However, soft exoskeletons are expected to witness significant growth during the forecast period owing to the increasing popularity of carbon fiber in making the soft exoskeletons. Also, an increase in demand for soft exoskeletons is being observed from military and industrial purposes owing to their light weight.

Regionally, Asia Pacific is expected to witness the highest growth during the forecast period owing to the growing demand for industrial purposes from countries like China, Japan and South Korea.Additionally, in Japan, exoskeleton are being covered by insurance providers which clearly depict that a more widespread medical use is likely to occur over the next few years.

Also, the use of smart exoskeletons has significantly increased for healthcare purposes. All these factors are expected to create lucrative opportunities for the market growth over the next few years.

The major players operating in the smart exoskeleton market include ATOUN Inc. (Panasonic), Cyberdyne, Inc., Ekso Bionics Holdings Inc., Myomo, Inc., ReWalk Robotics, Inc., Rex Bionics Ltd., Bionik Laboratories Corp., Lockheed Martin Corporation, Raytheon Company, Parker Hannifin Corp etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2016-2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022-2026

Objective of the Study:

• To analyze and forecast the market size of global smart exoskeleton market, in terms of value.
• To classify and forecast global smart exoskeleton market based on component, type, product type, body part, application and regional distribution.
• To identify drivers and challenges for global smart exoskeleton market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global smart exoskeleton market.
• To identify and analyze the profile of leading players operating in the global smart exoskeleton market.

The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of manufacturers across the globe.

Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.

Through this technique, the analyst could include the service providers which could not be identified due to the limitations of secondary research. The analyst examined the service offerings, distribution channels and presence of all major service providers across the globe.
The analyst calculated the market size of global smart exoskeleton market using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size.

Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.

Key Target Audience:

• Manufacturers, Suppliers, Distributors and other stake holders
• Research organizations and consulting companies
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to smart exoskeleton
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global smart exoskeleton market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Global Smart Exoskeleton Market, By Component:
o Actuators
o Power Source
o Control System
o Sensors
o Others
• Global Smart Exoskeleton Market, By Type:
o Rigid
o Soft
• Global Smart Exoskeleton Market, By Product Type:
o Active
o Passive
• Global Smart Exoskeleton Market, By Body Part:
o Upper body
o Lower body
o Full body
• Global Smart Exoskeleton Market, By Application:
o Healthcare
o Industrial
o Military
o Others
• Market, By Region:
o North America
United States
Canada
Mexico
o Europe
Germany
United Kingdom
France
Italy
Spain
o Asia Pacific
China
Japan
South Korea
India
Australia
o South America
Brazil
Argentina
Colombia
o Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global smart exoskeleton Market.

Available Customizations:

With the given market data, we offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on