Exoskeletons

Wearable Robots for the Industrial, Enterprise, Military, and Healthcare Industries: Global Market Analysis and Forecasts

Report Details

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Pages: 24
Tables, Charts,
     & Figures:
10
Publication Date: 2Q 2020
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Growing demand for advanced robotic technologies to empower people is driving the adoption of exoskeleton technology for applications across multiple sectors. Industrial and enterprise use cases are increasing to improve productivity and employee health and to deal with an aging population of workers. Numerous startups are selling and developing exoskeletons for rehabilitation and other healthcare uses. Militaries around the world are employing exoskeletons to increase the mobility of soldiers and support staff. Intensive R&D efforts by leading players are moving the industry forward through innovation and competition. The dynamic growth in this nascent industry will provide rich opportunities for established companies and startups that produce robots and robotic components, as well as end users and investors.

The outlook for exoskeletons is for strong sustained growth through 2025, driven by robust demand for healthcare, industrial, and enterprise applications. Military revenue lags behind these three, but promises to grow steadily during the next six years. Omdia expects the overall exoskeleton market to grow from $316.1m in 2019 to $2.6bn by 2025. Growth will be stimulated by the introduction of numerous new products, technology innovation, and ongoing governmental approvals of these devices.

This Omdia Focus Report provides a concise examination of the market issues surrounding exoskeletons and presents revenue forecasts for the industry. The report discusses the crucial market drivers, challenges, and industry applications, in addition to assessing the most important technology issues that will influence market development. Omdia profiles the top 16 industry players, organized by exoskeleton type. Market forecasts, segmented by exoskeleton type, market, and geographic region, extend through 2025.

Key Questions Addressed:

  • What is the current state of the global exoskeleton market?
  • What key market trends are affecting the growth of the exoskeleton market?
  • How will the market develop through 2025?
  • What are the major drivers of market growth and the key challenges faced by the industry?
  • Which companies are important exoskeleton players and what are their products?
  • What is the size of the global exoskeleton market opportunity?
  • What are the strategic recommendations for market participants?

Who Needs This Report?

  • Exoskeleton manufacturers and integrators
  • Automotive manufacturers
  • Electrical, electronic, and semiconductor makers
  • Warehouse & logistics companies
  • Food & beverage companies
  • Military staff
  • Investor community

Table of Contents

Executive Summary
Introduction
Key messages
Market overview

Market Issues
Market ecosystem
– Market by application
Key market technologies
– Upper body
– Lower body
– Full body
Market drivers
– Healthcare applications
– Government approvals and investments
– Aging workforce
– Safety and health
Market barriers
– Government regulations
– High product costs
Technology issues
– High development costs and safety risks
– Technology innovation
– Integration with the Internet of Things
Key industries
– Healthcare
– Industrial
– Enterprise
– Military

Key Industry Players
ATOUN (Panasonic subsidiary)
BAE Systems
Bionic Power
Cyberdyne
Ekso Bionics
Galvion
Hocoma
Honda
Indego (Parker Hannifin)
Lockheed Martin
Myomo
ReWalk
Rex Bionics
Sarcos
StrongArm
SuitX

Market Forecasts
Top-level forecast
Global forecasts by type
– Upper body
– Lower body
– Full body
Global forecasts by market
– Industrial
– Enterprise
– Healthcare
– Military
Forecasts by region
– North America
– Europe
– Asia Pacific
– Latin America
– Middle East & Africa
Recommendations

List of Charts, Figures, and Tables

Figures
  • Exoskeleton revenue by region, world markets: 2019-2025
  • Exoskeleton revenue by market, world markets: 2019-2025
  • Exoskeleton revenue by type, world markets: 2019-2025
  • Exoskeleton market overview, world markets: 2019-2025
  • Exoskeleton revenue, world markets: 2019-2025
Tables
  • Exoskeleton market overview, world markets: 2019-2025
  • Exoskeleton revenue by type, world markets: 2019-2025
  • Exoskeleton revenue by market, world markets: 2019-2025
  • Exoskeleton revenue by region, world markets: 2019-2025
  • Key exoskeleton industry players