Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.39 Billion | USD 5.62 Billion | 16.79% | 2024 |
FrequentlyAsked Questions
Wearable robotic exoskeletons, also known as exoskeletons or powered exosuits, are augmentation or aid devices for human mobility that are worn by humans. These exoskeletons can also go by the name "wearable robotic exoskeletons." They are primarily meant to support or augment the user's strength, endurance, and mobility. Their primary function is to aid the wearer.
The global wearable robotic exoskeleton market is expected to grow due to rising demand for rehabilitation solutions, increasing industrial and military applications, and advancements in lightweight, battery-efficient wearable robotics.
According to a study, the global wearable robotic exoskeleton market size was worth around USD 1.39 billion in 2024 and is expected to reach USD 5.62 billion by 2034.
The global wearable robotic exoskeleton market is expected to grow at a CAGR of 16.79% during the forecast period.
North America is expected to dominate the wearable robotic exoskeleton market over the forecast period.
Leading players in the global wearable robotic exoskeleton market include Myomo Inc., Bionik Laboratories Corp., ATOUN Inc., Cyberdyne Inc., Lockheed Martin Corporation, Parker Hannifin Corporation, Mitsubishi Heavy Industries, Ltd., Ekso Bionics Holdings, Inc., Daiya Industry Co., Ltd., B-Temia Inc., and P&S Mechanics Co., Ltd., among others.
The report explores crucial aspects of the wearable robotic exoskeleton market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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