1	INTRODUCTION	27 
1.1	STUDY OBJECTIVES	27 
1.2	MARKET DEFINITION	27 
1.2.1	INCLUSIONS AND EXCLUSIONS	28 
1.3	STUDY SCOPE	29 
1.3.1	MARKETS COVERED	29 
FIGURE 1	EXOSKELETON MARKET: SEGMENTATION	29 
1.3.2	REGIONAL SCOPE	30 
1.3.3	YEARS CONSIDERED	30 
1.4	CURRENCY	31 
1.5	LIMITATIONS	31 
1.6	STAKEHOLDERS	31 
1.7	SUMMARY OF CHANGES	32 
2	RESEARCH METHODOLOGY	33 
2.1	RESEARCH DATA	33 
FIGURE 2	EXOSKELETON MARKET: RESEARCH DESIGN	33 
2.1.1	SECONDARY AND PRIMARY RESEARCH	34 
2.1.2	SECONDARY DATA	35 
2.1.2.1	Major secondary sources	35 
2.1.2.2	Key data from secondary sources	35 
2.1.3	PRIMARY DATA	36 
2.1.3.1	Primary interviews with experts	36 
2.1.3.2	Key data from primary sources	37 
2.1.3.3	Key industry insights	37 
2.1.3.4	Breakdown of primaries	38 
2.2	MARKET SIZE ESTIMATION	38 
FIGURE 3	MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE) – REVENUE GENERATED THROUGH SALES OF PRODUCTS/SOLUTIONS/SERVICES PERTAINING TO EXOSKELETON	39 
2.2.1	BOTTOM-UP APPROACH	40 
2.2.1.1	Approach for arriving at market size using bottom-up analysis	40 
FIGURE 4	MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH	40 
2.2.1.2	Approach for capturing market sizing using top-down analysis	41 
FIGURE 5	MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH	41 
2.3	MARKET BREAKDOWN AND DATA TRIANGULATION	42 
FIGURE 6	EXOSKELETON MARKET: DATA TRIANGULATION	42 
2.4	RESEARCH ASSUMPTIONS AND LIMITATIONS	43 
2.4.1	RESEARCH ASSUMPTIONS AND LIMITATIONS	43 
2.5	APPROACH TO UNDERSTAND IMPACT OF RECESSION ON EXOSKELETON MARKET	43 
2.6	LIMITATIONS AND RISK ASSESSMENT	44 
TABLE 1	LIMITATIONS AND ASSOCIATED RISKS	44 
3	EXECUTIVE SUMMARY	45 
FIGURE 7	SOFTWARE SEGMENT TO HAVE HIGHER CAGR DURING FORECAST PERIOD	45 
FIGURE 8	POWERED SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE IN 2023	46 
FIGURE 9	LOWER EXTREMITY EXOSKELETONS TO DOMINATE MARKET IN 2023	47 
FIGURE 10	MOBILE SEGMENT TO GROW FASTEST DURING FORECAST PERIOD	47 
FIGURE 11	HEALTHCARE SEGMENT TO LEAD EXOSKELETON MARKET IN 2023	48 
FIGURE 12	EXOSKELETON MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD	49 
3.1	IMPACT OF RECESSION	50 
FIGURE 13	GDP GROWTH PROJECTIONS FOR MAJOR ECONOMIES TILL 2023	50 
FIGURE 14	IMPACT OF UPCOMING RECESSION ON GLOBAL EXOSKELETON MARKET	50 
4	PREMIUM INSIGHTS	52 
4.1	ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN EXOSKELETON MARKET	52 
FIGURE 15	DEMAND FOR HUMAN AUGMENTATION EQUIPMENT TO DRIVE MARKET ACROSS INDUSTRIAL AND MILITARY VERTICALS	52 
4.2	EXOSKELETON MARKET, BY COMPONENT	52 
FIGURE 16	EXOSKELETON MARKET FOR HARDWARE SEGMENT TO HOLD LARGEST SHARE IN 2023	52 
4.3	EXOSKELETON MARKET, BY TYPE	53 
FIGURE 17	POWERED EXOSKELETON SEGMENT TO HAVE CAGR DURING FORECAST PERIOD	53 
4.4	EXOSKELETON MARKET, BY BODY PART	53 
FIGURE 18	LOWER EXTREMITIES SEGMENT TO DOMINATE EXOSKELETON MARKET IN 2023	53 
4.5	EXOSKELETON MARKET, BY MOBILITY	54 
FIGURE 19	MOBILE SEGMENT TO HAVE HIGHEST CAGR DURING FORECAST PERIOD	54 
4.6	EXOSKELETON MARKET, BY VERTICAL	54 
FIGURE 20	HEALTHCARE TO BE DOMINANT VERTICAL IN 2023	54 
4.7	EXOSKELETON MARKET, BY REGION	55 
FIGURE 21	ASIA PACIFIC EXOSKELETON MARKET TO GROW FASTEST DURING FORECAST PERIOD	55 
5	MARKET OVERVIEW	56 
5.1	INTRODUCTION	56 
5.2	MARKET DYNAMICS	56 
FIGURE 22	EXOSKELETON MARKET DYNAMICS	56 
5.2.1	DRIVERS	57 
5.2.1.1	Growing demand for robotic rehabilitation from healthcare sector	57 
FIGURE 23	AGING POPULATION, BY REGION	57 
5.2.1.2	Advancements in robotic technologies	58 
5.2.1.3	High investment in development of exoskeleton technology	59 
FIGURE 24	IMPACTS OF DRIVERS ON EXOSKELETON MARKET	59 
5.2.2	RESTRAINTS	60 
5.2.2.1	Regulatory challenges in securing approvals for medical applications of exoskeleton	60 
FIGURE 25	IMPACTS OF RESTRAINTS ON EXOSKELETON MARKET	60 
5.2.3	OPPORTUNITIES	61 
5.2.3.1	Increasing adoption of human augmentation equipment in industrial and military sectors	61 
5.2.3.2	Introduction of soft actuators in exoskeletons	61 
5.2.3.3	Growing insurance coverage for exoskeletons	62 
FIGURE 26	IMPACTS OF OPPORTUNITIES ON EXOSKELETON MARKET	62 
5.2.4	CHALLENGES	63 
5.2.4.1	High equipment cost	63 
TABLE 2	PRICE OF POPULAR EXOSKELETONS	63 
FIGURE 27	IMPACTS OF CHALLENGES ON EXOSKELETON MARKET	63 
5.3	VALUE CHAIN ANALYSIS	64 
FIGURE 28	VALUE CHAIN ANALYSIS: EXOSKELETON MARKET	64 
5.4	ECOSYSTEM ANALYSIS	65 
FIGURE 29	ECOSYSTEM: EXOSKELETON MARKET	65 
TABLE 3	EXOSKELETON MARKET ECOSYSTEM	66 
5.5	PRICING ANALYSIS	67 
5.5.1	AVERAGE SELLING PRICE: TREND ANALYSIS	67 
FIGURE 30	AVERAGE SELLING PRICE OF EXOSKELETON, BY TYPE (USD)	67 
5.6	TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESSES	68 
5.7	TECHNOLOGY ANALYSIS	69 
5.7.1	INTERNET OF THINGS (IOT)	69 
5.7.2	ARTIFICIAL INTELLIGENCE (AI)	69 
5.7.3	MACHINE LEARNING (ML)	69 
5.8	PORTER’S FIVE FORCES ANALYSIS	69 
TABLE 4	PORTER’S FIVE FORCE ANALYSIS AND THEIR IMPACT (2022)	70 
5.8.1	BARGAINING POWER OF SUPPLIERS	70 
5.8.2	BARGAINING POWER OF BUYERS	70 
5.8.3	THREAT OF NEW ENTRANTS	70 
5.8.4	THREAT OF SUBSTITUTES	70 
5.8.5	INTENSITY OF COMPETITIVE RIVALRY	71 
5.9	CASE STUDY ANALYSIS	71 
5.9.1	EKSO BIONICS IMPROVES PATIENT MOBILITY WITH HELP OF VODAFONE-MANAGED IOT CONNECTIVITY PLATFORM	71 
5.9.2	RLS MAGNETIC ENCODERS ENABLE MARSI BIONICS TO DESIGN AND BUILD EXOSKELETON ORTHOPEDIC DEVICES	71 
5.9.3	POLYCLINIC GLAVIC IN ZAGREB MEETS CHALLENGES BY PARTNERING WITH HOCOMA	71 
5.9.4	EKSO BIONICS EXOSKELETONS HELP FORD MOTOR COMPANY IMPROVE WORKPLACE PRODUCTIVITY	72 
5.10	TRADE ANALYSIS	72 
FIGURE 32	IMPORT DATA FOR HS CODE 847950, BY KEY COUNTRY, 
2017–2021 (USD MILLION)	72 
FIGURE 33	EXPORT DATA FOR HS CODE 847950, BY KEY COUNTRY, 
2017–2021 (USD MILLION)	73 
5.11	PATENT ANALYSIS	73 
FIGURE 34	TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS	73 
FIGURE 35	NUMBER OF PATENTS GRANTED PER YEAR FROM 2011 TO 2021	74 
TABLE 5	TOP 20 PATENT OWNERS IN LAST 10 YEARS	74 
TABLE 6	TOP 20 PATENTS GRANTED IN LAST 10 YEARS	75 
5.12	TARIFF AND REGULATORY LANDSCAPE	76 
5.12.1	MARKET REGULATIONS AND STANDARDS	76 
TABLE 7	REGULATIONS AND STANDARDS FOR EXOSKELETONS	77 
6	EXOSKELETON MARKET, BY COMPONENT	78 
6.1	INTRODUCTION	79 
FIGURE 36	EXOSKELETON MARKET, BY COMPONENT	79 
FIGURE 37	HARDWARE SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD	79 
TABLE 8	EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)	80 
TABLE 9	EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)	80 
6.2	HARDWARE	81 
6.2.1	PLAYS KEY ROLE IN DEVELOPMENT OF EXOSKELETONS	81 
TABLE 10	HARDWARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	81 
TABLE 11	HARDWARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	81 
6.2.2	SENSORS	82 
6.2.2.1	Used to acquire information about surrounding environment	82 
6.2.2.2	Gyroscopes	82 
6.2.2.2.1	Used in exoskeletons to measure angular position of joints	82 
6.2.2.3	Microphones	82 
6.2.2.3.1	Assist exoskeletons in sound source localization	82 
6.2.2.4	Accelerometers	83 
6.2.2.4.1	Integrated into exoskeletons for measurement of non-gravitational acceleration forces	83 
6.2.2.5	Tilt sensors	83 
6.2.2.5.1	Measure tilt angle with respect to Earth’s ground plane in exoskeleton	83 
6.2.2.6	Force/torque sensors	83 
6.2.2.6.1	Used to measure relative interaction forces between user and robotic exoskeleton	83 
6.2.2.7	Position sensors	84 
6.2.2.7.1	Detect position by measuring distance between two points	84 
6.2.2.8	Others	84 
6.2.3	ACTUATORS	84 
6.2.3.1	Used to produce either rotational or linear motion	84 
6.2.3.2	Electrical	84 
6.2.3.2.1	Exhibit higher speed compared with other actuators	84 
6.2.3.3	Pneumatic	85 
6.2.3.3.1	Used in systems that require quick and accurate responses	85 
6.2.3.4	Hydraulic	85 
6.2.3.4.1	Used in exoskeleton applications where heavy force and speed are required	85 
6.2.3.5	Piezoelectric	85 
6.2.3.5.1	Use converse piezoelectric effect for exact positioning of systems	85 
6.2.4	POWER SOURCES	85 
6.2.4.1	Batteries used for electrical connectivity in exoskeletons	85 
6.2.5	CONTROL SYSTEMS/CONTROLLERS	86 
6.2.5.1	Controllers used to control movement of exoskeleton	86 
6.2.6	OTHERS	86 
6.3	SOFTWARE	86 
6.3.1	PROGRAMMED ACCORDING TO TASK REQUIRED TO BE PERFORMED BY EXOSKELETONS	86 
TABLE 12	SOFTWARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	87 
TABLE 13	SOFTWARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	87 
7	EXOSKELETON MARKET, BY TYPE	88 
7.1	INTRODUCTION	89 
FIGURE 38	EXOSKELETON MARKET, BY TYPE	89 
FIGURE 39	POWERED SEGMENT PROJECTED TO HAVE HIGHEST GROWTH RATE BY 2028	89 
TABLE 14	EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	90 
TABLE 15	EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	90 
7.2	POWERED	90 
7.2.1	POWERED EXOSKELETONS INCREASE ENDURANCE AND STRENGTH OF WEARER	90 
TABLE 16	POWERED: EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)	91 
TABLE 17	POWERED: EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)	91 
TABLE 18	POWERED: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	91 
TABLE 19	POWERED: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	92 
TABLE 20	POWERED: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)	92 
TABLE 21	POWERED: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)	92 
7.3	PASSIVE	93 
7.3.1	PASSIVE EXOSKELETONS REQUIRE LOWER PRODUCTION COST	93 
TABLE 22	PASSIVE: EXOSKELETON MARKET, BY COMPONENT, 2019–2022 (USD MILLION)	93 
TABLE 23	PASSIVE: EXOSKELETON MARKET, BY COMPONENT, 2023–2028 (USD MILLION)	93 
TABLE 24	PASSIVE: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	94 
TABLE 25	PASSIVE: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	94 
TABLE 26	PASSIVE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)	94 
TABLE 27	PASSIVE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)	95 
8	EXOSKELETON MARKET, BY BODY PART	96 
8.1	INTRODUCTION	97 
FIGURE 40	EXOSKELETON MARKET, BY BODY PART	97 
FIGURE 41	LOWER EXTREMITIES SEGMENT TO DOMINATE EXOSKELETON MARKET IN 2023	97 
TABLE 28	EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)	98 
TABLE 29	EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)	98 
8.2	LOWER EXTREMITIES	98 
8.2.1	HELP PATIENTS IMPROVE MOTOR PERFORMANCE	98 
TABLE 30	LOWER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	99 
TABLE 31	LOWER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	99 
8.3	UPPER EXTREMITIES	100 
8.3.1	ACT AS HUMAN EXTENDERS TO LIFT HEAVY OBJECTS	100 
TABLE 32	UPPER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	100 
TABLE 33	UPPER EXTREMITIES: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	100 
8.4	FULL BODY	101 
8.4.1	EXOSKELETONS DESIGNED TO ASSIST IN FULL-BODY MOTION	101 
TABLE 34	FULL BODY: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	101 
TABLE 35	FULL BODY: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	101 
9	EXOSKELETON MARKET, BY MOBILITY	102 
9.1	INTRODUCTION	103 
FIGURE 42	EXOSKELETON MARKET, BY MOBILITY	103 
FIGURE 43	MOBILE SEGMENT EXPECTED TO HOLD LARGEST SHARE DURING FORECAST PERIOD	103 
TABLE 36	EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)	104 
TABLE 37	EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)	104 
  
9.2	STATIONARY	104 
9.2.1	STATIONARY EXOSKELETONS WIDELY USED IN MEDICAL APPLICATIONS	104 
TABLE 38	STATIONARY EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	105 
TABLE 39	STATIONARY EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	105 
9.3	MOBILE	105 
9.3.1	MOBILE EXOSKELETONS USED TO AUGMENT PHYSICAL ABILITIES OF ABLE-BODIED HUMANS	105 
TABLE 40	MOBILE EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	106 
TABLE 41	MOBILE EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	106 
10	EXOSKELETON MARKET, BY STRUCTURE	107 
10.1	INTRODUCTION	107 
FIGURE 44	EXOSKELETON MARKET, BY STRUCTURE	107 
10.2	RIGID EXOSKELETONS	107 
10.2.1	RIGID EXOSKELETONS PROVIDE HIGHER TORQUE ACCURATELY AND QUICKLY	107 
10.3	SOFT EXOSKELETONS	108 
10.3.1	SOFT EXOSKELETONS SUITABLE FOR APPLICATIONS THAT DEMAND MINIMAL ASSISTANCE	108 
11	EXOSKELETON MARKET, BY VERTICAL	109 
11.1	INTRODUCTION	110 
FIGURE 45	EXOSKELETON MARKET, BY VERTICAL	110 
FIGURE 46	HEALTHCARE SEGMENT TO DOMINATE EXOSKELETON MARKET IN 2023	110 
TABLE 42	EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	111 
TABLE 43	EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	111 
11.2	HEALTHCARE	112 
11.2.1	INCREASING ADOPTION OF EXOSKELETONS IN REHABILITATION CENTERS	112 
TABLE 44	HEALTHCARE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	112 
TABLE 45	HEALTHCARE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	113 
TABLE 46	HEALTHCARE: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)	113 
TABLE 47	HEALTHCARE: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)	113 
TABLE 48	HEALTHCARE: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)	113 
TABLE 49	HEALTHCARE: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)	114 
TABLE 50	HEALTHCARE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)	114 
TABLE 51	HEALTHCARE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)	114 
  
11.3	DEFENSE	115 
11.3.1	HIGH INVESTMENT IN EXOSKELETONS FROM DEFENSE SECTORS OF VARIOUS COUNTRIES	115 
TABLE 52	DEFENSE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	115 
TABLE 53	DEFENSE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	115 
TABLE 54	DEFENSE: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)	116 
TABLE 55	DEFENSE: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)	116 
TABLE 56	DEFENSE: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)	116 
TABLE 57	DEFENSE: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)	116 
TABLE 58	DEFENSE: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)	117 
TABLE 59	DEFENSE: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)	117 
11.4	INDUSTRIAL	117 
11.4.1	DEPLOYMENT OF EXOSKELETONS IN INDUSTRIES TO MAXIMIZE SAFETY AND PRODUCTIVITY	117 
TABLE 60	INDUSTRIAL: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	118 
TABLE 61	INDUSTRIAL: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	118 
TABLE 62	INDUSTRIAL: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)	118 
TABLE 63	INDUSTRIAL: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)	119 
TABLE 64	INDUSTRIAL: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)	119 
TABLE 65	INDUSTRIAL: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)	119 
TABLE 66	INDUSTRIAL: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)	119 
TABLE 67	INDUSTRIAL: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)	120 
11.5	OTHERS	120 
TABLE 68	OTHERS: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	120 
TABLE 69	OTHERS: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	120 
TABLE 70	OTHERS: EXOSKELETON MARKET, BY MOBILITY, 2019–2022 (USD MILLION)	121 
TABLE 71	OTHERS: EXOSKELETON MARKET, BY MOBILITY, 2023–2028 (USD MILLION)	121 
TABLE 72	OTHERS: EXOSKELETON MARKET, BY BODY PART, 2019–2022 (USD MILLION)	121 
TABLE 73	OTHERS: EXOSKELETON MARKET, BY BODY PART, 2023–2028 (USD MILLION)	121 
TABLE 74	OTHERS: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)	122 
TABLE 75	OTHERS: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)	122 
  
12	EXOSKELETON MARKET, BY REGION	123 
12.1	INTRODUCTION	124 
FIGURE 47	EXOSKELETON MARKET, BY REGION	124 
FIGURE 48	REGIONAL SNAPSHOT OF EXOSKELETON MARKET, 2023–2028	124 
TABLE 76	EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)	125 
TABLE 77	EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)	125 
12.2	NORTH AMERICA	126 
FIGURE 49	NORTH AMERICA: EXOSKELETON MARKET SNAPSHOT	127 
FIGURE 50	US TO DOMINATE NORTH AMERICAN EXOSKELETON MARKET IN 2023	128 
TABLE 78	NORTH AMERICA: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	128 
TABLE 79	NORTH AMERICA: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	128 
TABLE 80	NORTH AMERICA: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	129 
TABLE 81	NORTH AMERICA: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	129 
TABLE 82	NORTH AMERICA: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	129 
TABLE 83	NORTH AMERICA: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	129 
12.2.1	US	130 
12.2.1.1	Increasing use of exoskeletons in healthcare and military sectors	130 
12.2.2	CANADA	130 
12.2.2.1	Emergence of various robotic startup companies	130 
12.2.3	MEXICO	131 
12.2.3.1	Increasing prevalence of industrial automation	131 
12.3	EUROPE	131 
FIGURE 51	EUROPE: EXOSKELETON MARKET SNAPSHOT	132 
FIGURE 52	UK TO LEAD EUROPEAN EXOSKELETON MARKET IN 2023	133 
TABLE 84	EUROPE: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	133 
TABLE 85	EUROPE: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	133 
TABLE 86	EUROPE: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	134 
TABLE 87	EUROPE: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	134 
TABLE 88	EUROPE: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	134 
TABLE 89	EUROPE: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	134 
12.3.1	UK	135 
12.3.1.1	Demand for exoskeletons for healthcare and personal assistance applications to support market growth	135 
12.3.2	GERMANY	135 
12.3.2.1	Early adoption of exoskeletons propels demand	135 
12.3.3	FRANCE	136 
12.3.3.1	Government support for robotics research to foster exoskeleton market growth	136 
12.3.4	REST OF EUROPE	136 
12.4	ASIA PACIFIC	136 
FIGURE 53	ASIA PACIFIC: EXOSKELETON MARKET SNAPSHOT	137 
FIGURE 54	JAPAN TO GROW AT HIGHEST CAGR IN ASIA PACIFIC EXOSKELETON MARKET	138 
TABLE 90	ASIA PACIFIC: EXOSKELETON MARKET, BY COUNTRY, 2019–2022 (USD MILLION)	138 
TABLE 91	ASIA PACIFIC: EXOSKELETON MARKET, BY COUNTRY, 2023–2028 (USD MILLION)	138 
TABLE 92	ASIA PACIFIC: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	139 
TABLE 93	ASIA PACIFIC: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	139 
TABLE 94	ASIA PACIFIC: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	139 
TABLE 95	ASIA PACIFIC: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	139 
12.4.1	JAPAN	140 
12.4.1.1	Aging population and reduced workforce to fuel demand	140 
12.4.2	CHINA	140 
12.4.2.1	Emergence of new exoskeleton companies to augment market growth	140 
12.4.3	INDIA	141 
12.4.3.1	Initiation of various automotive manufacturing projects to fuel exoskeleton market	141 
12.4.4	SOUTH KOREA	141 
12.4.4.1	Focusing on integrating information and robot technologies in industrial operations to favor market growth	141 
12.4.5	REST OF ASIA PACIFIC	142 
12.5	REST OF THE WORLD (ROW)	142 
FIGURE 55	MIDDLE EAST & AFRICA TO COMMAND ROW EXOSKELETON MARKET IN 2023	142 
TABLE 96	ROW: EXOSKELETON MARKET, BY REGION, 2019–2022 (USD MILLION)	143 
TABLE 97	ROW: EXOSKELETON MARKET, BY REGION, 2023–2028 (USD MILLION)	143 
TABLE 98	ROW: EXOSKELETON MARKET, BY TYPE, 2019–2022 (USD MILLION)	143 
TABLE 99	ROW: EXOSKELETON MARKET, BY TYPE, 2023–2028 (USD MILLION)	143 
TABLE 100	ROW: EXOSKELETON MARKET, BY VERTICAL, 2019–2022 (USD MILLION)	144 
TABLE 101	ROW: EXOSKELETON MARKET, BY VERTICAL, 2023–2028 (USD MILLION)	144 
12.5.1	SOUTH AMERICA	144 
12.5.1.1	Rising investment in defense vertical to lead to demand for exoskeletons	144 
12.5.2	MIDDLE EAST & AFRICA	145 
12.5.2.1	Increasing adoption of exoskeletons in search & rescue and defense applications to drive market	145 
  
13	COMPETITIVE LANDSCAPE	146 
13.1	INTRODUCTION	146 
TABLE 102	KEY DEVELOPMENTS IN EXOSKELETON MARKET (2020–2022)	146 
13.2	REVENUE ANALYSIS OF TOP COMPANIES	148 
FIGURE 56	EXOSKELETON MARKET: REVENUE ANALYSIS (2021)	148 
13.3	MARKET SHARE ANALYSIS OF TOP PLAYERS, 2022	148 
TABLE 103	EXOSKELETON MARKET: DEGREE OF COMPETITION	149 
13.4	COMPANY EVALUATION QUADRANT, 2022	150 
13.4.1	STARS	150 
13.4.2	EMERGING LEADERS	150 
13.4.3	PERVASIVE PLAYERS	150 
13.4.4	PARTICIPANTS	150 
FIGURE 57	EXOSKELETON MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2022	151 
13.5	SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION QUADRANT, 2022	152 
13.5.1	PROGRESSIVE COMPANIES	152 
13.5.2	RESPONSIVE COMPANIES	152 
13.5.3	DYNAMIC COMPANIES	152 
13.5.4	STARTING BLOCKS	152 
FIGURE 58	EXOSKELETON MARKET (GLOBAL): SME EVALUATION QUADRANT, 2022	153 
13.6	EXOSKELETON MARKET: COMPANY FOOTPRINT	154 
TABLE 104	COMPANY TYPE FOOTPRINT	154 
TABLE 105	COMPANY VERTICAL FOOTPRINT	155 
TABLE 106	COMPANY REGION FOOTPRINT	156 
TABLE 107	COMPANY FOOTPRINT	157 
13.7	COMPETITIVE SCENARIO AND TRENDS	158 
13.7.1	PRODUCT LAUNCHES AND DEVELOPMENTS	158 
TABLE 108	EXOSKELETON MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS, 
2020–2022	158 
13.7.2	DEALS	160 
TABLE 109	EXOSKELETON MARKET: DEALS, 2020–2022	160 
14	COMPANY PROFILES	166 
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
14.1	KEY PLAYERS	166 
14.1.1	OTTOBOCK	166 
TABLE 110	OTTOBOCK: BUSINESS OVERVIEW	166 
TABLE 111	OTTOBOCK: PRODUCT OFFERINGS	167 
TABLE 112	OTTOBOCK: PRODUCT LAUNCHES & DEVELOPMENTS	167 
TABLE 113	OTTOBOCK: DEALS	168 
14.1.2	DIH MEDICAL	169 
TABLE 114	DIH MEDICAL: BUSINESS OVERVIEW	169 
TABLE 115	DIH MEDICAL: PRODUCT OFFERINGS	169 
TABLE 116	DIH MEDICAL: DEALS	170 
14.1.3	CYBERDYNE INC.	173 
TABLE 117	CYBERDYNE INC.: BUSINESS OVERVIEW	173 
FIGURE 59	CYBERDYNE INC.: COMPANY SNAPSHOT	174 
TABLE 118	CYBERDYNE INC.: PRODUCT OFFERINGS	174 
TABLE 119	CYBERDYNE INC.: DEALS	175 
14.1.4	EKSO BIONICS	177 
TABLE 120	EKSO BIONICS: BUSINESS OVERVIEW	177 
FIGURE 60	EKSO BIONICS: COMPANY SNAPSHOT	178 
TABLE 121	EKSO BIONICS: PRODUCT OFFERINGS	178 
TABLE 122	EKSO BIONICS: PRODUCT LAUNCHES & DEVELOPMENTS	179 
TABLE 123	EKSO BIONICS: DEALS	179 
14.1.5	LOCKHEED MARTIN CORPORATION	182 
TABLE 124	LOCKHEED MARTIN CORPORATION: BUSINESS OVERVIEW	182 
FIGURE 61	LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT	183 
TABLE 125	LOCKHEED MARTIN CORPORATION: PRODUCT OFFERINGS	183 
14.1.6	SARCOS TECHNOLOGY AND ROBOTICS CORPORATION	185 
TABLE 126	SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: BUSINESS OVERVIEW	185 
FIGURE 62	SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: COMPANY SNAPSHOT	185 
TABLE 127	SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: PRODUCT OFFERINGS	186 
TABLE 128	SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: PRODUCT LAUNCHES & DEVELOPMENTS	186 
TABLE 129	SARCOS TECHNOLOGY AND ROBOTICS CORPORATION: DEALS	186 
14.1.7	BIONIK	188 
TABLE 130	BIONIK: BUSINESS OVERVIEW	188 
FIGURE 63	BIONIK: COMPANY SNAPSHOT	189 
TABLE 131	BIONIK: PRODUCT OFFERINGS	189 
TABLE 132	BIONIK: PRODUCT LAUNCHES & DEVELOPMENTS	189 
TABLE 133	BIONIK: DEALS	190 
14.1.8	B-TEMIA	191 
TABLE 134	B-TEMIA: BUSINESS OVERVIEW	191 
TABLE 135	B-TEMIA: PRODUCT OFFERINGS	191 
TABLE 136	B-TEMIA: PRODUCT LAUNCHES & DEVELOPMENTS	191 
14.1.9	MEDITOUCH	192 
TABLE 137	MEDITOUCH: BUSINESS OVERVIEW	192 
TABLE 138	MEDITOUCH: PRODUCT OFFERINGS	192 
14.1.10	REWALK ROBOTICS	194 
TABLE 139	REWALK ROBOTICS: BUSINESS OVERVIEW	194 
FIGURE 64	REWALK ROBOTICS: COMPANY SNAPSHOT	195 
TABLE 140	REWALK ROBOTICS: PRODUCT OFFERINGS	195 
TABLE 141	REWALK ROBOTICS: DEALS	196 
14.2	OTHER PLAYERS	198 
14.2.1	DAIYA INDUSTRY CO., LTD.	198 
14.2.2	EUROPE TECHNOLOGIES	199 
14.2.3	EXHAUSS	200 
14.2.4	FOCAL MEDITECH	201 
14.2.5	FOURIER INTELLIGENCE	202 
14.2.6	GOGOA.EU	203 
14.2.7	HONDA MOTOR CO., LTD.	204 
14.2.8	HYUNDAI MOTOR COMPANY	205 
14.2.9	MITSUBISHI HEAVY INDUSTRIES, LTD.	206 
14.2.10	MYOMO INC.	207 
14.2.11	LAEVO EXOSKELETONS	207 
14.2.12	P&S MECHANICS CO. LTD.	208 
14.2.13	REX BIONICS LTD.	209 
14.2.14	RB3D	210 
14.2.15	WANDERCRAFT	210 
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 
15	ADJACENT & RELATED MARKETS	211 
15.1	INTRODUCTION	211 
15.2	LIMITATIONS	211 
15.3	COLLABORATIVE ROBOT MARKET, BY PAYLOAD	211 
15.3.1	INTRODUCTION	211 
TABLE 142	COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2018–2021 (USD MILLION)	212 
TABLE 143	COLLABORATIVE ROBOT MARKET, BY PAYLOAD, 2022–2028 (USD MILLION)	212 
15.4	UP TO 5 KG	213 
15.4.1	COBOTS WITH PAYLOAD CAPACITY BELOW 5 KG INHERENTLY SAFE	213 
TABLE 144	COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY UP TO 5 KG	213 
TABLE 145	UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)	214 
TABLE 146	UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)	214 
TABLE 147	UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2018–2021 (USD MILLION)	215 
TABLE 148	UP TO 5 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 2022–2028 (USD MILLION)	215 
15.5	5–10 KG	216 
15.5.1	IN-BUILT FORCE SENSORS POSSIBLE IN 5–10 KG COBOTS	216 
TABLE 149	COMPANIES OFFERING COBOTS WITH 5–10 KG PAYLOAD CAPACITY	217 
TABLE 150	5–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)	217 
TABLE 151	5–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY APPLICATION, 2022–2028 (USD MILLION)	218 
TABLE 152	5–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 
2018–2021 (USD MILLION)	218 
TABLE 153	5–10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, BY INDUSTRY, 
2022–2028 (USD MILLION)	219 
15.6	MORE THAN 10 KG	220 
15.6.1	ADVANCES IN ROBOTIC HARDWARE TO ENABLE DEVELOPMENT OF 
MORE THAN 10 KG PAYLOAD COBOTS	220 
TABLE 154	COMPANIES OFFERING COBOTS WITH PAYLOAD CAPACITY OF 
MORE THAN 10 KG	220 
TABLE 155	MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, 
BY APPLICATION, 2018–2021 (USD MILLION)	221 
TABLE 156	MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, 
BY APPLICATION, 2022–2028 (USD MILLION)	221 
TABLE 157	MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, 
BY INDUSTRY, 2018–2021 (USD MILLION)	222 
TABLE 158	MORE THAN 10 KG PAYLOAD: COLLABORATIVE ROBOT MARKET, 
BY INDUSTRY, 2022–2028 (USD MILLION)	222 
16	APPENDIX	224 
16.1	INSIGHTS OF INDUSTRY EXPERTS	224 
16.2	DISCUSSION GUIDE	225 
16.3	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	228 
16.4	CUSTOMIZATION OPTIONS	230 
16.5	RELATED REPORTS	230 
16.6	AUTHOR DETAILS	231 
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