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The Wearable Robotic Exoskeleton Market Size was valued at USD 0.68 Billion in 2023 and is now anticipated to grow to USD 9.58 Billion by 2031, displaying a compound annual growth rate (CAGR) of 39.2% during the forecast Period 2024 - 2031.
The wearable robotic exoskeleton market is flourishing at a significant rate because of variety of reasons. The current population is aging which is creating demand for devices that assist workers in extending their career lifeline. Whereas in healthcare, exoskeletons are helping in rehabilitation & encouraging individuals with disabilities to regain their abilities. According to the American Heart Association, around 6.5 million Americans suffers a stroke, with around 0.80 million more each year and 60% of the suffers from lower extremity disease which is driving the demand for the market. More industries like manufacturing are impacted with improved worker safety, reduced fatigue, increase in productivity is paving the way for the wearable robotic exoskeleton market. Moreover, advancements in materials science, AI & robotics are helping in creation of more user-friendly, lighter & powerful is another key driver in the growth. The military has also opened the gates for exoskeleton market for much endured & stronger soldiers. Robotic exoskeleton is all set to become an extension of humans blurring the lines between human and machine. All these factors are driving to the growth of the market.
Drivers
Continuous technological advancements in materials science, artificial intelligence, robotics is pushing towards innovation with much lighter powerful, and user-friendly designs are key driver towards the market growth.
Rise in aging population & high demand for workforce is driving towards the market growth.
With rising age of global population which is causing a rise in musculoskeletal disorders and limitations. Hence, exoskeletons can help in assisting old aging workers to extend their career and be productive for a longer period of time. moreover, exoskeletons help in enhancing the productivity of workers at the same time reduces the fatigue. Ford deployed exoskeletons named EksoVest in 15 of their assembly plants throughout the globe & this exoskeleton supports the arms of workers that is performing repeated overhead tasks and This deployment of EksoVests has helped in reduction of workplace injuries by 83% at the trial phase.
Restraints
High initial cost, complex & maintenance hurdles can make this device unaffordable for consumers which can be a restraint in the market growth.
Lack of standardization in terms of designing, user-interface & functionality can create inconsistencies in terms of comparing different models with the specific needs which could be a restraint in the market growth.
Opportunities
Rise in integration with industry 4.0 tools like IoT’s, sensors & AI can help in collecting real time data & adjust accordingly for optimal support is thus creating opportunities for the market growth.
Introduction of subscription and rental models for common people is creating growth opportunities.
High cost of wearable exoskeletons can be a barrier for some consumers. So, introducing subscription based or rental models for exoskeletons can help more in penetrating the market technology making it accessible to a wider range of individuals. This can help towards flexibility by providing with temporary needs, like physical therapy patients. Archelis Inc. introduced ArchelisFX exoskeleton which is designed for cases like back pain and recent undergone surgery has announced that it would be available to rent or buy for around USD 5,000.
Challenges
The battery life of exoskeletons may not be sufficient for extended use in intense work environments which can be a challenge in the practicality.
The high cost of exoskeletons making it unaffordable for small business which might create a challenge in the market growth
Impact of Russia-Ukraine War
The Russia-Ukraine war has a huge impact on the wearable robotic exoskeleton market. Sanctions & trade restrictions has caused a disruption in the supply chain with Russia as a key supplier of raw material in the manufacturing of exoskeletons. The price of Lithium-ion battery was raised up to 14.95% at the time of war which is hampered the supply for the power source of exoskeletons. This high equipment prices hindered the market growth. The global rise in the energy prices has impacted the production cost for powered exoskeletons making it less profitable for manufacturers. European union was the most affected region because of its proximity with 27% of oil imports and 46% of coal imports are from Russia has raised the energy prices. But on the other side, government might shift their focus towards defense that might require the use of wearable exoskeleton and can encourage exoskeleton manufacturers thereby can drive the growth in the long run by domestic manufacturing and reducing the dependency on international manufacturers. The war might have a high demand in military and defense for enhanced strength, endurance, and load carrying capacity. But in the long run the war may open several opportunities across various industries particularly military & healthcare.
Impact of Economic Slowdown
The economic slowdown has a huge impact on the wearable robotic exoskeleton market.
Budgets of consumers are tighter and companies are facing financial burden and are prioritizing on their core operations rather than adoption of new & advanced technologies. The high cost of exoskeleton makes it hard to sell and thus seen a decrease in the demand. During the slowdown the business becomes more selective towards high ROI providing assets giving away critical like improved productivity rate, decreased injury rates, etc. Also, there will be seen a decrease in R&D fundings which might put a halt in the development of more budget friendly & user-friendly skeleton. But on the other side there are certain industries with specific applications like in physical therapy where prevention of injury is of paramount importance. Also, government can recognize the benefits of exoskeleton in workplace safety by offering subsidies to encourage the adoption of wearable exoskeletons.
by Component
Hardware
Sensors
Gyroscopes
Microphones
Accelerometers
Tilt Sensors
Force/Torque Sensors
Position Sensors
Others
Actuators
Electric
Pneumatic
Hydraulic
Piezoelectric
Power Sources
Control Systems/Controllers
Others
Software
by Structure
Powered
Passive
The powered exoskeleton type is dominating the market with a share of around 63.26% of the total market. The reason being is it provides protection to the user's shoulder, back, hip & thigh from any overloads with stabilizing user movements at the time of handling or carrying heavy objects making it very beneficial in people safety.
by Body Part
Lower Extremities
Upper Extremities
Full Body
by Structure
Rigid Exoskeletons
Soft Exoskeletons
by End Users
Healthcare
Defense & Aerospace
Manufacturing
Commercial
The healthcare segment is dominating the market with a share of around 37.9% of the total market. The increasing rate of the elderly population is giving rise to diseases and rehabilitating & encouraging individuals with disabilities to regain their abilities is making is the reason for being the dominance in this sector. Also, the technological advancements in power, wireless technology are leading to the development of innovative wearable robots and exoskeletons.
North America is dominating the market with a share of around 47% of the total market.
This dominance is because of large proportion of population is suffering from spine injuries, stroke, sclerosis, brain injuries, Parkinson’s disease & rise in the number of rehabilitation centers across the region. Also, increasing technology adoption across various industries like industrial, healthcare, and military & defense sectors is raising the region share.
Asia-Pacific region is the fastest growing region next to North America because of rising awareness of wearable robotic exoskeleton in manufacturing & defense sector.
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Regional Outlook
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are CYBERDYNE INC., Ekso Bionics, Hocoma, ReWalk Robotics, Bionik Laboratories Corp., ExoAtlet, Lockheed Martin, Rex Bionics Pty Ltd., Sarcos Corp., Wearable Robotics Srl and others.
In April 2024, Hyundai announced a partnership with Ekso Bionics to develop and commercialize industrial exoskeletons for the automotive manufacturing sector. This collaboration leverages Ekso's expertise in exoskeleton design with Hyundai's vast experience in robotics and manufacturing, aiming to create industry-specific solutions to reduce worker strain and fatigue on assembly lines.
In January 2024, Hypershell announces the launch of GoX, ProX & CarbonX exoskeleton for outdoor enthusiasts and mountain hikers enabling faster treks with less fatigue while carrying heavier packs. These lightweight exoskeletons incorporate AI software to dynamically adjust boost according to changing terrain.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 0.68 Billion |
| Market Size by 2031 | US$ 9.58 Billion |
| CAGR | CAGR of 39.2% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Hardware, Software) • By Structure (Powered, Passive) • By Body Part (Full Body, Lower & Upper Extremities) • By Structure (Rigid, Soft) • By End user (Healthcare, Defense & Aerospace, Manufacturing, Commercial) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | CYBERDYNE INC., Ekso Bionics, Hocoma, ReWalk Robotics, Bionik Laboratories Corp., ExoAtlet, Lockheed Martin, Rex Bionics Pty Ltd., Sarcos Corp., Wearable Robotics Srl |
| Key Drivers | • Continuous technological advancements in materials science, artificial intelligence, robotics is pushing towards innovation with much lighter powerful, and user-friendly designs are key driver towards the market growth. • Rise in aging population & high demand for workforce is driving towards the market growth. |
| Restraints | • High initial cost, complex & maintenance hurdles can make this device unaffordable for consumers which can be a restraint in the market growth. • Lack of standardization in terms of designing, user-interface & functionality can create inconsistencies in terms of comparing different models with the specific needs which could be a restraint in the market growth. |
Ans: The Wearable Robotic Exoskeleton Market is expected to grow at a CAGR of 39.2%.
Ans: Wearable Robotic Exoskeleton Market size was USD 0.68 billion in 2023 and is expected to Reach USD 9.58 billion by 2031.
Ans: Rise in aging population & high demand for workforce is driving towards the market growth.
Ans: High initial cost, complex & maintenance hurdles can make this device unaffordable for consumers which can be a restraint in the market growth.
Ans: North America is expected to hold the largest market share in the wearable robotic exoskeleton market during the forecast period.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Wearable Robotic Exoskeleton Market Segmentation, by Component
9.1 Introduction
9.2 Trend Analysis
9.3 Hardware
9.3.1 Sensors
9.3.1.1 Gyroscopes
9.3.1.2 Microphones
9.3.1.3 Accelerometers
9.3.1.4 Tilt Sensors
9.3.1.5 Force/Torque Sensors
9.3.1.6 Position Sensors
9.3.1.7 Others
9.3.2 Actuators
9.3.2.1 Electric
9.3.2.2 Pneumatic
9.3.2.3 Hydraulic
9.3.2.4 Piezoelectric
9.3.3 Power Sources
9.3.4 Control Systems/Controllers
9.3.5 Others
9.4 Software
10. Wearable Robotic Exoskeleton Market Segmentation, by Structure
10.1 Introduction
10.2 Trend Analysis
10.2 Powered
10.4 Passive
11. Wearable Robotic Exoskeleton Market Segmentation, by Body Part
11.1 Introduction
11.2 Trend Analysis
11.3 Lower Extremities
11.4 Upper Extremities
11.5 Full Body
12. Wearable Robotic Exoskeleton Market Segmentation, by Structure
12.1 Introduction
12.2 Trend Analysis
12.3 Rigid Exoskeletons
12.4 Soft Exoskeletons
13. Wearable Robotic Exoskeleton Market Segmentation, by End User
13.1 Introduction
13.2 Trend Analysis
13.3 Healthcare
13.4 Defense & Aerospace
13.5 Manufacturing
13.6 Commercial
14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 Trend Analysis
14.2.2 North America Wearable Robotic Exoskeleton Market, by Country
14.2.3 North America Wearable Robotic Exoskeleton Market, by Component
14.2.4 North America Wearable Robotic Exoskeleton Market, by Structure
14.2.5 North America Wearable Robotic Exoskeleton Market, by Body Part
14.2.6 North America Wearable Robotic Exoskeleton Market, by Structure
14.2.7 North America Wearable Robotic Exoskeleton Market, by End User
14.2.8 USA
14.2.8.1 USA Wearable Robotic Exoskeleton Market, by Component
14.2.8.2 USA Wearable Robotic Exoskeleton Market, by Structure
14.2.8.3 USA Wearable Robotic Exoskeleton Market, by Body Part
14.2.8.4 USA Wearable Robotic Exoskeleton Market, by Structure
14.2.8.5 USA Wearable Robotic Exoskeleton Market, by End User
14.2.9 Canada
14.2.9.1 Canada Wearable Robotic Exoskeleton Market, by Component
14.2.9.2 Canada Wearable Robotic Exoskeleton Market, by Structure
14.2.9.3 Canada Wearable Robotic Exoskeleton Market, by Body Part
14.2.9.4 Canada Wearable Robotic Exoskeleton Market, by Structure
14.2.9.5 Canada Wearable Robotic Exoskeleton Market, by End User
14.2.10 Mexico
14.2.10.1 Mexico Wearable Robotic Exoskeleton Market, by Component
14.2.10.2 Mexico Wearable Robotic Exoskeleton Market, by Structure
14.2.10.3 Mexico Wearable Robotic Exoskeleton Market, by Body Part
14.2.10.4 Mexico Wearable Robotic Exoskeleton Market, by Structure
14.2.10.5 Mexico Wearable Robotic Exoskeleton Market, by End User
14.3 Europe
14.3.1 Trend Analysis
14.3.2 Eastern Europe
14.3.2.1 Eastern Europe Wearable Robotic Exoskeleton Market, by Country
14.3.2.2 Eastern Europe Wearable Robotic Exoskeleton Market, by Component
14.3.2.3 Eastern Europe Wearable Robotic Exoskeleton Market, by Structure
14.3.2.4 Eastern Europe Wearable Robotic Exoskeleton Market, by Body Part
14.3.2.5 Eastern Europe Wearable Robotic Exoskeleton Market, by Structure
14.3.2.6 Eastern Europe Wearable Robotic Exoskeleton Market, by End User
14.3.2.7 Poland
14.3.2.7.1 Poland Wearable Robotic Exoskeleton Market, by Component
14.3.2.7.2 Poland Wearable Robotic Exoskeleton Market, by Structure
14.3.2.7.3 Poland Wearable Robotic Exoskeleton Market, by Body Part
14.3.2.7.4 Poland Wearable Robotic Exoskeleton Market, by Structure
14.3.2.7.5 Poland Wearable Robotic Exoskeleton Market, by End User
14.3.2.8 Romania
14.3.2.8.1 Romania Wearable Robotic Exoskeleton Market, by Component
14.3.2.8.2 Romania Wearable Robotic Exoskeleton Market, by Structure
14.3.2.8.3 Romania Wearable Robotic Exoskeleton Market, by Body Part
14.3.2.8.4 Romania Wearable Robotic Exoskeleton Market, by Structure
14.3.2.8.5 Romania Wearable Robotic Exoskeleton Market, by End User
14.3.2.9 Hungary
14.3.2.9.1 Hungary Wearable Robotic Exoskeleton Market, by Component
14.3.2.9.2 Hungary Wearable Robotic Exoskeleton Market, by Structure
14.3.2.9.3 Hungary Wearable Robotic Exoskeleton Market, by Body Part
14.3.2.9.4 Hungary Wearable Robotic Exoskeleton Market, by Structure
14.3.2.9.5 Hungary Wearable Robotic Exoskeleton Market, by End User
14.3.2.10 Turkey
14.3.2.10.1 Turkey Wearable Robotic Exoskeleton Market, by Component
14.3.2.10.2 Turkey Wearable Robotic Exoskeleton Market, by Structure
14.3.2.10.3 Turkey Wearable Robotic Exoskeleton Market, by Body Part
14.3.2.10.4 Turkey Wearable Robotic Exoskeleton Market, by Structure
14.3.2.10.5 Turkey Wearable Robotic Exoskeleton Market, by End User
14.3.2.11 Rest of Eastern Europe
14.3.2.11.1 Rest of Eastern Europe Wearable Robotic Exoskeleton Market, by Component
14.3.2.11.2 Rest of Eastern Europe Wearable Robotic Exoskeleton Market, by Structure
14.3.2.11.3 Rest of Eastern Europe Wearable Robotic Exoskeleton Market, by Body Part
14.3.2.11.4 Rest of Eastern Europe Wearable Robotic Exoskeleton Market, by Structure
14.3.2.11.5 Rest of Eastern Europe Wearable Robotic Exoskeleton Market, by End User
14.3.3 Western Europe
14.3.3.1 Western Europe Wearable Robotic Exoskeleton Market, by Country
14.3.3.2 Western Europe Wearable Robotic Exoskeleton Market, by Component
14.3.3.3 Western Europe Wearable Robotic Exoskeleton Market, by Structure
14.3.3.4 Western Europe Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.5 Western Europe Wearable Robotic Exoskeleton Market, by Structure
14.3.3.6 Western Europe Wearable Robotic Exoskeleton Market, by End User
14.3.3.7 Germany
14.3.3.7.1 Germany Wearable Robotic Exoskeleton Market, by Component
14.3.3.7.2 Germany Wearable Robotic Exoskeleton Market, by Structure
14.3.3.7.3 Germany Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.7.4 Germany Wearable Robotic Exoskeleton Market, by Structure
14.3.3.7.5 Germany Wearable Robotic Exoskeleton Market, by End User
14.3.3.8 France
14.3.3.8.1 France Wearable Robotic Exoskeleton Market, by Component
14.3.3.8.2 France Wearable Robotic Exoskeleton Market, by Structure
14.3.3.8.3 France Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.8.4 France Wearable Robotic Exoskeleton Market, by Structure
14.3.3.8.5 France Wearable Robotic Exoskeleton Market, by End User
14.3.3.9 UK
14.3.3.9.1 UK Wearable Robotic Exoskeleton Market, by Component
14.3.3.9.2 UK Wearable Robotic Exoskeleton Market, by Structure
14.3.3.9.3 UK Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.9.4 UK Wearable Robotic Exoskeleton Market, by Structure
14.3.3.9.5 UK Wearable Robotic Exoskeleton Market, by End User
14.3.3.10 Italy
14.3.3.10.1 Italy Wearable Robotic Exoskeleton Market, by Component
14.3.3.10.2 Italy Wearable Robotic Exoskeleton Market, by Structure
14.3.3.10.3 Italy Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.10.4 Italy Wearable Robotic Exoskeleton Market, by Structure
14.3.3.10.5 Italy Wearable Robotic Exoskeleton Market, by End User
14.3.3.11 Spain
14.3.3.11.1 Spain Wearable Robotic Exoskeleton Market, by Component
14.3.3.11.2 Spain Wearable Robotic Exoskeleton Market, by Structure
14.3.3.11.3 Spain Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.11.4 Spain Wearable Robotic Exoskeleton Market, by Structure
14.3.3.11.5 Spain Wearable Robotic Exoskeleton Market, by End User
14.3.3.12 Netherlands
14.3.3.12.1 Netherlands Wearable Robotic Exoskeleton Market, by Component
14.3.3.12.2 Netherlands Wearable Robotic Exoskeleton Market, by Structure
14.3.3.12.3 Netherlands Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.12.4 Netherlands Wearable Robotic Exoskeleton Market, by Structure
14.3.3.12.5 Netherlands Wearable Robotic Exoskeleton Market, by End User
14.3.3.13 Switzerland
14.3.3.13.1 Switzerland Wearable Robotic Exoskeleton Market, by Component
14.3.3.13.2 Switzerland Wearable Robotic Exoskeleton Market, by Structure
14.3.3.13.3 Switzerland Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.13.4 Switzerland Wearable Robotic Exoskeleton Market, by Structure
14.3.3.13.5 Switzerland Wearable Robotic Exoskeleton Market, by End User
14.3.3.14 Austria
14.3.3.14.1 Austria Wearable Robotic Exoskeleton Market, by Component
14.3.3.14.2 Austria Wearable Robotic Exoskeleton Market, by Structure
14.3.3.14.3 Austria Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.14.4 Austria Wearable Robotic Exoskeleton Market, by Structure
14.3.3.14.5 Austria Wearable Robotic Exoskeleton Market, by End User
14.3.3.15 Rest of Western Europe
14.3.3.15.1 Rest of Western Europe Wearable Robotic Exoskeleton Market, by Component
14.3.3.15.2 Rest of Western Europe Wearable Robotic Exoskeleton Market, by Structure
14.3.3.15.3 Rest of Western Europe Wearable Robotic Exoskeleton Market, by Body Part
14.3.3.15.4 Rest of Western Europe Wearable Robotic Exoskeleton Market, by Structure
14.3.3.15.5 Rest of Western Europe Wearable Robotic Exoskeleton Market, by End User
14.4 Asia-Pacific
14.4.1 Trend Analysis
14.4.2 Asia-Pacific Wearable Robotic Exoskeleton Market, by country
14.4.3 Asia-Pacific Wearable Robotic Exoskeleton Market, by Component
14.4.4 Asia-Pacific Wearable Robotic Exoskeleton Market, by Structure
14.4.5 Asia-Pacific Wearable Robotic Exoskeleton Market, by Body Part
14.4.6 Asia-Pacific Wearable Robotic Exoskeleton Market, by Structure
14.4.7 Asia-Pacific Wearable Robotic Exoskeleton Market, by End User
14.4.8 China
14.4.8.1 China Wearable Robotic Exoskeleton Market, by Component
14.4.8.2 China Wearable Robotic Exoskeleton Market, by Structure
14.4.8.3 China Wearable Robotic Exoskeleton Market, by Body Part
14.4.8.4 China Wearable Robotic Exoskeleton Market, by Structure
14.4.8.5 China Wearable Robotic Exoskeleton Market, by End User
14.4.9 India
14.4.9.1 India Wearable Robotic Exoskeleton Market, by Component
14.4.9.2 India Wearable Robotic Exoskeleton Market, by Structure
14.4.9.3 India Wearable Robotic Exoskeleton Market, by Body Part
14.4.9.4 India Wearable Robotic Exoskeleton Market, by Structure
14.4.9.5 India Wearable Robotic Exoskeleton Market, by End User
14.4.10 Japan
14.4.10.1 Japan Wearable Robotic Exoskeleton Market, by Component
14.4.10.2 Japan Wearable Robotic Exoskeleton Market, by Structure
14.4.10.3 Japan Wearable Robotic Exoskeleton Market, by Body Part
14.4.10.4 Japan Wearable Robotic Exoskeleton Market, by Structure
14.4.10.5 Japan Wearable Robotic Exoskeleton Market, by End User
14.4.11 South Korea
14.4.11.1 South Korea Wearable Robotic Exoskeleton Market, by Component
14.4.11.2 South Korea Wearable Robotic Exoskeleton Market, by Structure
14.4.11.3 South Korea Wearable Robotic Exoskeleton Market, by Body Part
14.4.11.4 South Korea Wearable Robotic Exoskeleton Market, by Structure
14.4.11.5 South Korea Wearable Robotic Exoskeleton Market, by End User
14.4.12 Vietnam
14.4.12.1 Vietnam Wearable Robotic Exoskeleton Market, by Component
14.4.12.2 Vietnam Wearable Robotic Exoskeleton Market, by Structure
14.4.12.3 Vietnam Wearable Robotic Exoskeleton Market, by Body Part
14.4.12.4 Vietnam Wearable Robotic Exoskeleton Market, by Structure
14.4.12.5 Vietnam Wearable Robotic Exoskeleton Market, by End User
14.4.13 Singapore
14.4.13.1 Singapore Wearable Robotic Exoskeleton Market, by Component
14.4.13.2 Singapore Wearable Robotic Exoskeleton Market, by Structure
14.4.13.3 Singapore Wearable Robotic Exoskeleton Market, by Body Part
14.4.13.4 Singapore Wearable Robotic Exoskeleton Market, by Structure
14.4.13.5 Singapore Wearable Robotic Exoskeleton Market, by End User
14.4.14 Australia
14.4.14.1 Australia Wearable Robotic Exoskeleton Market, by Component
14.4.14.2 Australia Wearable Robotic Exoskeleton Market, by Structure
14.4.14.3 Australia Wearable Robotic Exoskeleton Market, by Body Part
14.4.14.4 Australia Wearable Robotic Exoskeleton Market, by Structure
14.4.14.5 Australia Wearable Robotic Exoskeleton Market, by End User
14.4.15 Rest of Asia-Pacific
14.4.15.1 Rest of Asia-Pacific Wearable Robotic Exoskeleton Market, by Component
14.4.15.2 Rest of Asia-Pacific Wearable Robotic Exoskeleton Market, by Structure
14.4.15.3 Rest of Asia-Pacific Wearable Robotic Exoskeleton Market, by Body Part
14.4.15.4 Rest of Asia-Pacific Wearable Robotic Exoskeleton Market, by Structure
14.4.15.5 Rest of Asia-Pacific Wearable Robotic Exoskeleton Market, by End User
14.5 Middle East & Africa
14.5.1 Trend Analysis
14.5.2 Middle East
14.5.2.1 Middle East Wearable Robotic Exoskeleton Market, by Country
14.5.2.2 Middle East Wearable Robotic Exoskeleton Market, by Component
14.5.2.3 Middle East Wearable Robotic Exoskeleton Market, by Structure
14.5.2.4 Middle East Wearable Robotic Exoskeleton Market, by Body Part
14.5.2.5 Middle East Wearable Robotic Exoskeleton Market, by Structure
14.5.2.6 Middle East Wearable Robotic Exoskeleton Market, by End User
14.5.2.7 UAE
14.5.2.7.1 UAE Wearable Robotic Exoskeleton Market, by Component
14.5.2.7.2 UAE Wearable Robotic Exoskeleton Market, by Structure
14.5.2.7.3 UAE Wearable Robotic Exoskeleton Market, by Body Part
14.5.2.7.4 UAE Wearable Robotic Exoskeleton Market, by Structure
14.5.2.7.5 UAE Wearable Robotic Exoskeleton Market, by End User
14.5.2.8 Egypt
14.5.2.8.1 Egypt Wearable Robotic Exoskeleton Market, by Component
14.5.2.8.2 Egypt Wearable Robotic Exoskeleton Market, by Structure
14.5.2.8.3 Egypt Wearable Robotic Exoskeleton Market, by Body Part
14.5.2.8.4 Egypt Wearable Robotic Exoskeleton Market, by Structure
14.5.2.8.5 Egypt Wearable Robotic Exoskeleton Market, by End User
14.5.2.9 Saudi Arabia
14.5.2.9.1 Saudi Arabia Wearable Robotic Exoskeleton Market, by Component
14.5.2.9.2 Saudi Arabia Wearable Robotic Exoskeleton Market, by Structure
14.5.2.9.3 Saudi Arabia Wearable Robotic Exoskeleton Market, by Body Part
14.5.2.9.4 Saudi Arabia Wearable Robotic Exoskeleton Market, by Structure
14.5.2.9.5 Saudi Arabia Wearable Robotic Exoskeleton Market, by End User
14.5.2.10 Qatar
14.5.2.10.1 Qatar Wearable Robotic Exoskeleton Market, by Component
14.5.2.10.2 Qatar Wearable Robotic Exoskeleton Market, by Structure
14.5.2.10.3 Qatar Wearable Robotic Exoskeleton Market, by Body Part
14.5.2.10.4 Qatar Wearable Robotic Exoskeleton Market, by Structure
14.5.2.10.5 Qatar Wearable Robotic Exoskeleton Market, by End User
14.5.2.11 Rest of Middle East
14.5.2.11.1 Rest of Middle East Wearable Robotic Exoskeleton Market, by Component
14.5.2.11.2 Rest of Middle East Wearable Robotic Exoskeleton Market, by Structure
14.5.2.11.3 Rest of Middle East Wearable Robotic Exoskeleton Market, by Body Part
14.5.2.11.4 Rest of Middle East Wearable Robotic Exoskeleton Market, by Structure
14.5.2.11.5 Rest of Middle East Wearable Robotic Exoskeleton Market, by End User
14.5.3 Africa
14.5.3.1 Africa Wearable Robotic Exoskeleton Market, by Country
14.5.3.2 Africa Wearable Robotic Exoskeleton Market, by Component
14.5.3.3 Africa Wearable Robotic Exoskeleton Market, by Structure
14.5.3.4 Africa Wearable Robotic Exoskeleton Market, by Body Part
14.5.3.5 Africa Wearable Robotic Exoskeleton Market, by Structure
14.5.3.6 Africa Wearable Robotic Exoskeleton Market, by End User
14.5.3.7 Nigeria
14.5.3.7.1 Nigeria Wearable Robotic Exoskeleton Market, by Component
14.5.3.7.2 Nigeria Wearable Robotic Exoskeleton Market, by Structure
14.5.3.7.3 Nigeria Wearable Robotic Exoskeleton Market, by Body Part
14.5.3.7.4 Nigeria Wearable Robotic Exoskeleton Market, by Structure
14.5.3.7.5 Nigeria Wearable Robotic Exoskeleton Market, by End User
14.5.3.8 South Africa
14.5.3.8.1 South Africa Wearable Robotic Exoskeleton Market, by Component
14.5.3.8.2 South Africa Wearable Robotic Exoskeleton Market, by Structure
14.5.3.8.3 South Africa Wearable Robotic Exoskeleton Market, by Body Part
14.5.3.8.4 South Africa Wearable Robotic Exoskeleton Market, by Structure
14.5.3.8.5 South Africa Wearable Robotic Exoskeleton Market, by End User
14.5.3.9 Rest of Africa
14.5.3.9.1 Rest of Africa Wearable Robotic Exoskeleton Market, by Component
14.5.3.9.2 Rest of Africa Wearable Robotic Exoskeleton Market, by Structure
14.5.3.9.3 Rest of Africa Wearable Robotic Exoskeleton Market, by Body Part
14.5.3.9.4 Rest of Africa Wearable Robotic Exoskeleton Market, by Structure
14.5.3.9.5 Rest of Africa Wearable Robotic Exoskeleton Market, by End User
14.6 Latin America
14.6.1 Trend Analysis
14.6.2 Latin America Wearable Robotic Exoskeleton Market, by country
14.6.3 Latin America Wearable Robotic Exoskeleton Market, by Component
14.6.4 Latin America Wearable Robotic Exoskeleton Market, by Structure
14.6.5 Latin America Wearable Robotic Exoskeleton Market, by Body Part
14.6.6 Latin America Wearable Robotic Exoskeleton Market, by Structure
14.6.7 Latin America Wearable Robotic Exoskeleton Market, by End User
14.6.8 Brazil
14.6.8.1 Brazil Wearable Robotic Exoskeleton Market, by Component
14.6.8.2 Brazil Wearable Robotic Exoskeleton Market, by Structure
14.6.8.3 Brazil Wearable Robotic Exoskeleton Market, by Body Part
14.6.8.4 Brazil Wearable Robotic Exoskeleton Market, by Structure
14.6.8.5 Brazil Wearable Robotic Exoskeleton Market, by End User
14.6.9 Argentina
14.6.9.1 Argentina Wearable Robotic Exoskeleton Market, by Component
14.6.9.2 Argentina Wearable Robotic Exoskeleton Market, by Structure
14.6.9.3 Argentina Wearable Robotic Exoskeleton Market, by Body Part
14.6.9.4 Argentina Wearable Robotic Exoskeleton Market, by Structure
14.6.9.5 Argentina Wearable Robotic Exoskeleton Market, by End User
14.6.10 Colombia
14.6.10.1 Colombia Wearable Robotic Exoskeleton Market, by Component
14.6.10.2 Colombia Wearable Robotic Exoskeleton Market, by Structure
14.6.10.3 Colombia Wearable Robotic Exoskeleton Market, by Body Part
14.6.10.4 Colombia Wearable Robotic Exoskeleton Market, by Structure
14.6.10.5 Colombia Wearable Robotic Exoskeleton Market, by End User
14.6.11 Rest of Latin America
14.6.11.1 Rest of Latin America Wearable Robotic Exoskeleton Market, by Component
14.6.11.2 Rest of Latin America Wearable Robotic Exoskeleton Market, by Structure
14.6.11.3 Rest of Latin America Wearable Robotic Exoskeleton Market, by Body Part
14.6.11.4 Rest of Latin America Wearable Robotic Exoskeleton Market, by Structure
14.6.11.5 Rest of Latin America Wearable Robotic Exoskeleton Market, by End User
15. Company Profiles
15.1 CYBERDYNE INC.
15.1.1 Company Overview
15.1.2 Financial
15.1.3 Products/ Services Offered
15.1.4 SWOT Analysis
15.1.5 The SNS View
15.2 Ekso Bionics
15.2.1 Company Overview
15.2.2 Financial
15.2.3 Products/ Services Offered
15.2.4 SWOT Analysis
15.2.5 The SNS View
15.3 Hocoma
15.3.1 Company Overview
15.3.2 Financial
15.3.3 Products/ Services Offered
15.3.4 SWOT Analysis
15.3.5 The SNS View
15.4 ReWalk Robotics
15.4.1 Company Overview
15.4.2 Financial
15.4.3 Products/ Services Offered
15.4.4 SWOT Analysis
15.4.5 The SNS View
15.5 Bionik Laboratories Corp
15.5.1 Company Overview
15.5.2 Financial
15.5.3 Products/ Services Offered
15.5.4 SWOT Analysis
15.5.5 The SNS View
15.6 ExoAtlet
15.6.1 Company Overview
15.6.2 Financial
15.6.3 Products/ Services Offered
15.6.4 SWOT Analysis
15.6.5 The SNS View
15.7 Lockheed Martin
15.7.1 Company Overview
15.7.2 Financial
15.7.3 Products/ Services Offered
15.7.4 SWOT Analysis
15.7.5 The SNS View
15.8 Rex Bionics Pty Ltd.
15.8.1 Company Overview
15.8.2 Financial
15.8.3 Products/ Services Offered
15.8.4 SWOT Analysis
15.8.5 The SNS View
15.9 Sarcos Corp
15.9.1 Company Overview
15.9.2 Financial
15.9.3 Products/ Services Offered
15.9.4 SWOT Analysis
15.9.5 The SNS View
15.10 Wearable Robotics Srl
15.10.1 Company Overview
15.10.2 Financial
15.10.3 Products/ Services Offered
15.10.4 SWOT Analysis
15.10.5 The SNS View
16. Competitive Landscape
16.1 Competitive Benchmarking
16.2 Market Share Analysis
16.3 Recent Developments
16.3.1 Industry News
16.3.2 Company News
16.3.3 Mergers & Acquisitions
17. Use Case and Best Practices
18. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Commercial Refrigeration Equipment Market Size was valued at USD 39.88 Bn in 2023 and is expected to reach USD 65 Bn by 2032 and grow at a CAGR of 5.58 % over the forecast period 2024-2032.
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