Asia-Pacific Exoskeleton Market, By Component (Hardware and Software), Mobility (Stationary and Mobile), Type (Powered and Passive), End User (Healthcare, Defence/Military, Industrial and Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan and Rest of Asia-Pacific) Industry Trends and Forecast to 2029
Market Analysis and Insights : Asia-Pacific Exoskeleton Market
Data Bridge Market Research analyses the exoskeleton market will exhibit a CAGR of 44.85% for the forecast period of 2022 to 2029 and is expected to reach at an estimated value of 6,577.55 million by 2029 the end of forecast period of 2022 to 2029.
In contrast to the interior skeleton, an exoskeleton is the external skeleton that supports and protects an animal's body. Some of the larger exoskeletons are referred to as "shells" in ordinary language.
The rapid technological advancements is amongst the major factor fuelling the growth of the exoskeleton market. Furthermore, the rising adoption of human augmentation in the industrial and military sectors, high demand from the healthcare sector for robotic rehabilitation, and an increase in the number of disabled people, are also the major factors propelling the Asia-Pacific exoskeleton market in the forecast period of 2022 to 2029.
In addition, the rapid modernization, introduction of the soft actuators, and increased use of the technology by insurance companies will generate new opportunities for the growth of the Asia-Pacific exoskeleton market.
However, among other variables acting as restrictions, higher machinery costs and high maintenance costs are the most significant and will further challenge the Asia-Pacific exoskeleton market in the forecast period mentioned above.
This exoskeleton market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on exoskeleton market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Exoskeleton Market Scope and Market Size
Asia-Pacific exoskeleton market is segmented on the basis of component, mobility, type and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of component, Asia-Pacific exoskeleton market is segmented into hardware and software
- Based on mobility, Asia-Pacific exoskeleton market is segmented into stationary and mobile
- Based on type, Asia-Pacific exoskeleton market is segmented into powered and passive
- The Asia-Pacific exoskeleton market is also segmented on the basis of end user into healthcare, defence/military, industrial and others
Exoskeleton Market Country Level Analysis
The exoskeleton market is analysed and market size, volume information is provided by country, component, mobility, type and end user as referenced above.
The countries covered in the exoskeleton market report are Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan and Rest of Asia-Pacific.
The country section of the exoskeleton market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Exoskeleton Market Share Analysis
The exoskeleton market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific exoskeleton market.
Some of the major players operating in the exoskeleton market report are Ekso Bionics, Hocoma, ReWalk Robotics, Raytheon Technologies Corporation, PARKER HANNIFIN CORP, OTTOBOCK, Fourier Intelligence, DIH Medical, B-Temia Inc., CYBERDYNE INC., Lockheed Martin Corporation, and GoGoA1, and Honda Motor Co., Ltd., among others.
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