Global Exoskeleton Robots Strategic Business Report 2024: Market to Reach $4.6 Billion by 2030 - U.S. Market is Estimated at $210.3 Million, While China is Forecast to Grow at 40.9% CAGR

Company Logo
Company Logo
Research and Markets
5 min read

Exoskeleton Robots Market

Exoskeleton Robots Market
Exoskeleton Robots Market

Dublin, Feb. 23, 2024 (GLOBE NEWSWIRE) -- The "Exoskeleton Robots - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

Global Exoskeleton Robots Market to Reach $4.6 Billion by 2030

The global market for Exoskeleton Robots estimated at US$489.9 Million in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2030, growing at a CAGR of 32.2% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 30.2% CAGR and reach US$3.2 Billion by the end of the analysis period. Growth in the Software segment is estimated at 38.4% CAGR for the next 8-year period.

The report heralds the arrival of the age of robotics, highlighting exciting new technologies driving growth, particularly in the realm of exoskeleton robots. It explores the future of human augmentation, bridging science fiction with reality through wearable machines designed to augment human strength.

An overview of active and passive exoskeletons is provided, along with key applications across various sectors. Amidst a global economic update, the report underscores the shift towards an endemic COVID-19 strategy and its implications for managing future pandemics, alongside the impact of inflationary pressures driven by geopolitical tensions.

COVID-19 is identified as a major catalyst for the deployment of full-body, powered exoskeletons, particularly in senior care facilities and military training, despite disruptions. This has led to a surge in demand, particularly for mobile exoskeletons, with high adoption rates observed in medical and military applications. The report also offers a glance at select exoskeletons across various sectors and provides insights into recent market activities, as well as influencer, product, and technology insights, shaping the trajectory of the exoskeleton robotics market.

The U.S. Market is Estimated at $210.3 Million, While China is Forecast to Grow at 40.9% CAGR

North America is highlighted as the most lucrative market for exoskeleton robots. The competitive landscape is examined, including key competitors' market share percentages and their presence in the market.

The Exoskeleton Robots market in the U.S. is estimated at US$210.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$783 Million by the year 2030 trailing a CAGR of 40.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 33.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 31.3% CAGR.

Key Attributes:

Recommended Stories