Asia Pacific industrial exoskeletons market will grow by 38.8% annually with a total addressable market cap of $7.93 billion over 2023-2032, driven by the increasing demand for improved safety and productivity in industrial manufacturing, the rising collaborations among vendors for the technological development, and the emerging innovative products of robotic exoskeletons.
Highlighted with 41 tables and 89 figures, this 159-page report “Asia Pacific Industrial Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Power (Active/Powered, Passive), Structure (Rigid, Soft), Application (Manufacture, Construction, Transport and Logistics, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific industrial exoskeletons market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific industrial exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Mobility, Power, Structure, Application, and Country.
Based on Offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Sensors
o Actuators
o Power Sources
o Controllers
o Other Hardware
• Software
• Service
Based on Function, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Upper Body Exoskeletons
• Lower Body Exoskeletons
• Full Body Exoskeletons
By Mobility, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Mobile Exoskeletons
• Stationary Exoskeletons
• Tethered Exoskeletons
By Power, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Active/Powered Exoskeletons
o Electric Actuator
o Pneumatic Actuator
o Hydraulic Actuator
o Mechanical Actuator
o Other Types
• Passive Exoskeletons
By Structure, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Rigid Exoskeletons
• Soft Exoskeletons
By Application, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Manufacture
• Construction
• Transport and Logistics
• Other Industrial Applications
Geographically, the following national/local markets are fully investigated:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) and volume (units) are available for 2022-2032. The breakdown of national markets by Function, Mobility, and Application over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AlterG Inc.
Atoun Inc.
Axosuits SRL
Bionik Laboratiories Corp.
B-Temia Inc.
Cyberdyne Inc.
DIH Technologies Corporation
Ekso Bionics Holdings Inc.
Gogoa Mobility Robots SL
Hocoma AG
Honda Motor Co., Ltd.
Innophys Co., Ltd.
Japet Medical Devices
Lockheed Martin Corp.
Marsi Bionics, S.L.
Myomo Inc.
Panasonic Holdings Corp.
Parker-Hannifin Corp.
ReWalk Robotics Inc.
Rex Bionics Ltd.
US Bionics Inc. (Suitx)
Wearable Robotics SRL
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 24
2.1.2 Impact of COVID-19 on the Market 27
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 29
2.2 Major Growth Drivers 33
2.3 Market Restraints and Challenges 37
2.4 Emerging Opportunities and Market Trends 40
2.5 Porter’s Fiver Forces Analysis 44
3 Segmentation of Asia Pacific Market by Offering 48
3.1 Market Overview by Offering 48
3.2 Hardware 50
3.2.1 Sensors 51
3.2.2 Actuators 52
3.2.3 Power Sources 53
3.2.4 Controllers 54
3.2.5 Other Hardware 55
3.3 Software 56
3.4 Services 57
4 Segmentation of Asia Pacific Market by Function 58
4.1 Market Overview by Function 58
4.2 Upper Body Exoskeletons 62
4.3 Lower Body Exoskeletons 64
4.4 Full Body Exoskeletons 66
5 Segmentation of Asia Pacific Market by Mobility 68
5.1 Market Overview by Mobility 68
5.2 Mobile Exoskeletons 72
5.3 Stationary Exoskeletons 74
5.4 Tethered Exoskeletons 76
6 Segmentation of Asia Pacific Market by Power 78
6.1 Market Overview by Power 78
6.2 Active/Powered Exoskeletons 82
6.2.1 Electric Actuator 84
6.2.2 Pneumatic Actuator 85
6.2.3 Hydraulic Actuator 86
6.2.4 Mechanical Actuator 87
6.2.5 Other Types 88
6.3 Passive Exoskeletons 89
7 Segmentation of Asia Pacific Market by Structure 91
7.1 Market Overview by Structure 91
7.2 Rigid Exoskeletons 95
7.3 Soft Exoskeletons 97
8 Segmentation of Asia Pacific Market by Application 99
8.1 Market Overview by Application 99
8.2 Manufacture 103
8.3 Construction 105
8.4 Transport and Logistics 107
8.5 Other Applications 109
9 Asia-Pacific Market 2022-2032 by Country/Region 111
9.1 Overview of Asia-Pacific Market 111
9.2 Japan 116
9.3 China 119
9.4 Australia 121
9.5 India 123
9.6 South Korea 125
9.7 Rest of APAC Region 127
10 Competitive Landscape 129
10.1 Overview of Key Vendors 129
10.2 New Product Launch, Partnership, Investment, and M&A 133
10.3 Company Profiles 136
AlterG Inc. 136
Atoun Inc. 138
Axosuits SRL 139
Bionik Laboratiories Corp. 140
B-Temia Inc. 141
Cyberdyne Inc. 142
DIH Technologies Corporation 143
Ekso Bionics Holdings Inc. 144
Gogoa Mobility Robots SL 145
Hocoma AG 146
Honda Motor Co., Ltd. 147
Innophys Co., Ltd. 148
Japet Medical Devices 149
Lockheed Martin Corp. 150
Marsi Bionics, S.L. 151
Myomo Inc. 152
Panasonic Holdings Corp. 153
Parker-Hannifin Corp. 154
ReWalk Robotics Inc. 155
Rex Bionics Ltd. 156
US Bionics Inc. (Suitx) 157
Wearable Robotics SRL 158
RELATED REPORTS 159
List of Tables:
Table 1. Snapshot of Asia Pacific Industrial Exoskeletons Market in Balanced Perspective, 2022-2032 19
Table 2. World Economic Outlook, 2021-2031 25
Table 3. World Economic Outlook, 2021-2023 26
Table 4. Scenarios for Economic Impact of Ukraine Crisis 30
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Industrial Exoskeletons Market 40
Table 6. Asia Pacific Industrial Exoskeletons Market by Offering, 2022-2032, $ mn 48
Table 7. Asia Pacific Industrial Exoskeletons Market: Hardware by Type, 2022-2032, $ mn 50
Table 8. Asia Pacific Industrial Exoskeletons Market by Function, 2022-2032, $ mn 58
Table 9. Asia Pacific Industrial Exoskeletons Market by Function, 2022-2032, units 60
Table 10. Asia Pacific Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 68
Table 11. Asia Pacific Industrial Exoskeletons Market by Mobility, 2022-2032, units 70
Table 12. Asia Pacific Industrial Exoskeletons Market by Power, 2022-2032, $ mn 78
Table 13. Asia Pacific Industrial Exoskeletons Market by Power, 2022-2032, units 80
Table 14. Asia Pacific Industrial Exoskeletons Market: Active/Powered Exoskeletons by Type, 2022-2032, $ mn 83
Table 15. Asia Pacific Industrial Exoskeletons Market by Structure, 2022-2032, $ mn 91
Table 16. Asia Pacific Industrial Exoskeletons Market by Structure, 2022-2032, units 93
Table 17. Asia Pacific Industrial Exoskeletons Market by Application, 2022-2032, $ mn 99
Table 18. Asia Pacific Industrial Exoskeletons Market by Application, 2022-2032, units 101
Table 19. APAC Industrial Exoskeletons Market by Country/Region, 2022-2032, $ mn 112
Table 20. APAC Industrial Exoskeletons Market by Country/Region, 2022-2032, units 114
Table 21. Japan Industrial Exoskeletons Market by Function, 2022-2032, $ mn 118
Table 22. Japan Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 118
Table 23. Japan Industrial Exoskeletons Market by Application, 2022-2032, $ mn 118
Table 24. China Industrial Exoskeletons Market by Function, 2022-2032, $ mn 120
Table 25. China Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 120
Table 26. China Industrial Exoskeletons Market by Application, 2022-2032, $ mn 120
Table 27. Australia Industrial Exoskeletons Market by Function, 2022-2032, $ mn 122
Table 28. Australia Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 122
Table 29. Australia Industrial Exoskeletons Market by Application, 2022-2032, $ mn 122
Table 30. India Industrial Exoskeletons Market by Function, 2022-2032, $ mn 124
Table 31. India Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 124
Table 32. India Industrial Exoskeletons Market by Application, 2022-2032, $ mn 124
Table 33. South Korea Industrial Exoskeletons Market by Function, 2022-2032, $ mn 126
Table 34. South Korea Industrial Exoskeletons Market by Mobility, 2022-2032, $ mn 126
Table 35. South Korea Industrial Exoskeletons Market by Application, 2022-2032, $ mn 126
Table 36. Industrial Exoskeletons Market in Rest of APAC by Country/Region, 2022-2032, $ mn 128
Table 37. Main Vendors and Product Offerings 131
Table 38. Recent Development and Activities 134
Table 39. AlterG Inc.: Company Snapshot 136
Table 40. AlterG Inc.: Business Segmentation 137
Table 41. AlterG Inc.: Product Portfolio 137
