North America Exoskeleton Market, By Component (Hardware, Software), Mobility (Stationary, Mobile), Type (Powered, Passive), End User (Healthcare, Defence/Military, Industrial, Others) Body Part (Lower Extremities, Upper Extremities, Full Body), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2029.
Market Analysis and Insights : North America Exoskeleton Market
Data Bridge Market Research analyses the North America exoskeleton market will exhibit a CAGR of 41.35% for the forecast period of 2022-2029 and is likely to reach the USD 12,031.2 million by 2029.
Exoskeleton is a wearable device that works in combination with the person and amplifiers to enhance, repair, and reinforce human performance. Robotics suits, powered armor, exo-frames, power jackets and wearable machines are some of the terms used to describe them.
The growth in the adoption rate of human augmentation in military and industrial sector is a key element driving market expansion. The exoskeleton market is also being driven by factors such as growing demand from healthcare sector for robotic rehabilitation and rise in the number of disabled people. Furthermore, increase in technical innovations and rise in the investment level for exoskeleton technology will enhance the growth rate of exoskeleton market.
Moreover, the modernization, and the arrival of soft actuators will create beneficial opportunities for the growth of the market.
However, rise in the prices of machinery and high maintenance of machinery will hamper the market’s growth rate will further challenge the market’s growth rate.
This North America 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 North America 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.
North America Exoskeleton Market Scope and Market Size
The exoskeleton market is segmented on the basis of component, mobility, type, end user and body part. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of component, the exoskeleton market is segmented into hardware and software.
- Based on mobility, the exoskeleton market is segmented into stationary and mobile.
- Based on type, the exoskeleton market is segmented into powered and passive.
- The exoskeleton market is also segmented on the basis of end user into healthcare, defence/military, industrial and others
- Based on body part, the exoskeleton market is segmented into lower extremities, upper extremities, and full body.
North America Exoskeleton Market Country Level Analysis
The North America exoskeleton market is analysed and market size, volume information is provided by country, component, mobility, type, end user and body part as referenced above.
The countries covered in the North America exoskeleton market report are U.S., Canada and Mexico.
The U.S. dominates the North America exoskeleton market and will continue to flourish its trend of dominance due to the well-developed infrastructure in education as well as technology and upsurge in the adoption rate of advanced technology in this region.
The country section of the North America 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 global 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 North America Exoskeleton Market Share Analysis
The North America 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, global 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 North America exoskeleton market.
Some of the major players operating in the North America exoskeleton market are Sony Corporation, Lenovo., Autodesk Inc., Nintendo, WorldViz, Inc., Firsthand Technology Inc., Sixense Enterprises Inc., HTC Corporation, FOVE, Inc., Qualcomm Technologies, Inc., Microsoft, SAMSUNG, Virtuix, among others.
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