Asia Pacific powered exoskeletons market will grow by 36.5% annually with a total addressable market cap of $17.8 billion over 2023-2032, driven by the rapid development of exoskeleton technologies, an increase in the physically challenged population, the rising demand for rehabilitation therapy, and the adoption of exoskeletons in military and defense.
Highlighted with 44 tables and 97 figures, this 167-page report “Asia Pacific Powered Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Actuator (Electric, Pneumatic, Hydraulic, Fuel Cell, Others), Structure (Rigid, Soft), Vertical (Healthcare, Military, Industrial, Civilian/Consumer), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific powered 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 powered exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Mobility, Actuator, Structure, Vertical, 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 Actuator, 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.
• Electric Actuator
• Pneumatic Actuator
• Hydraulic Actuator
• Fuel Cell Actuator
• Other Actuator Types
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 Vertical, 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.
• Healthcare Sector
o Rehabilitation
o Mobility Aid
• Military Sector
• Industrial Sector
o Manufacture
o Construction
o Logistics
o Other Industrial Applications
• Civilian/Consumer Sector
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 sales volume (units) are available for 2022-2032. The breakdown of national markets by Function, Mobility, and Vertical 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.
Bionic Power Inc.
Bionik Laboratiories Corp.
Cyberdyne Inc.
Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Ekso Bionics Holdings Inc.
Honda Motor Co., Ltd.
Lockheed Martin Corp.
Myomo Inc.
Noonee
Panasonic Holdings Corp.
Parker Hannifin Corp.
Reha Technology AG
ReWalk Robotics Inc.
Rex Bionics Ltd.
Robotdalen
Sarcos Corporation
US Bionics Inc. (Suitx)
(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 9
1.1 Industry Definition and Research Scope 9
1.1.1 Industry Definition 9
1.1.2 Research Scope 11
1.2 Research Methodology 14
1.2.1 Overview of Market Research Methodology 14
1.2.2 Market Assumption 15
1.2.3 Secondary Data 15
1.2.4 Primary Data 15
1.2.5 Data Filtration and Model Design 16
1.2.6 Market Size/Share Estimation 17
1.2.7 Research Limitations 18
1.3 Executive Summary 19
2 Market Overview and Dynamics 22
2.1 Market Size and Forecast 22
2.1.1 Impact of COVID-19 on World Economy 25
2.1.2 Impact of COVID-19 on the Market 28
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 30
2.2 Major Growth Drivers 34
2.3 Market Restraints and Challenges 40
2.4 Emerging Opportunities and Market Trends 43
2.5 Porter’s Fiver Forces Analysis 47
3 Segmentation of Asia Pacific Market by Offering 51
3.1 Market Overview by Offering 51
3.2 Hardware 53
3.2.1 Sensors 54
3.2.2 Actuators 55
3.2.3 Actuator Sources 56
3.2.4 Controllers 57
3.2.5 Other Hardware 58
3.3 Software 59
3.4 Services 60
4 Segmentation of Asia Pacific Market by Function 61
4.1 Market Overview by Function 61
4.2 Upper Body Exoskeletons 65
4.3 Lower Body Exoskeletons 67
4.4 Full Body Exoskeletons 69
5 Segmentation of Asia Pacific Market by Mobility 71
5.1 Market Overview by Mobility 71
5.2 Mobile Exoskeletons 75
5.3 Stationary Exoskeletons 77
5.4 Tethered Exoskeletons 79
6 Segmentation of Asia Pacific Market by Actuator 81
6.1 Market Overview by Actuator 81
6.2 Electric Actuator 85
6.3 Pneumatic Actuator 87
6.4 Hydraulic Actuator 89
6.5 Fuel Cell Actuator 91
6.6 Other Types 93
7 Segmentation of Asia Pacific Market by Structure 95
7.1 Market Overview by Structure 95
7.2 Rigid Exoskeletons 99
7.3 Soft Exoskeletons 101
8 Segmentation of Asia Pacific Market by Vertical 103
8.1 Market Overview by Vertical 103
8.2 Healthcare Sector 107
8.2.1 Rehabilitation 109
8.2.2 Mobility Aid 110
8.3 Military Sector 111
8.4 Industrial Sector 113
8.4.1 Manufacture 115
8.4.2 Construction 116
8.4.3 Logistics 117
8.4.4 Other Industrial Applications 118
8.5 Civilian/Consumer Sector 119
9 Asia-Pacific Market 2022-2032 by Country/Region 121
9.1 Overview of Asia-Pacific Market 121
9.2 Japan 126
9.3 China 129
9.4 Australia 131
9.5 India 133
9.6 South Korea 135
9.7 Rest of APAC Region 137
10 Competitive Landscape 139
10.1 Overview of Key Vendors 139
10.2 New Product Launch, Partnership, Investment, and M&A 144
10.3 Company Profiles 147
AlterG Inc. 147
Atoun Inc. 149
Bionic Power Inc. 150
Bionik Laboratiories Corp. 151
Cyberdyne Inc. 152
Daewoo Shipbuilding & Marine Engineering Co., Ltd. 153
Ekso Bionics Holdings Inc. 154
Honda Motor Co., Ltd. 155
Lockheed Martin Corp. 156
Myomo Inc. 157
Noonee 158
Panasonic Holdings Corp. 159
Parker Hannifin Corp. 160
Reha Technology AG 161
ReWalk Robotics Inc. 162
Rex Bionics Ltd. 163
Robotdalen 164
Sarcos Corporation 165
US Bionics Inc. (Suitx) 166
RELATED REPORTS 167
List of Tables:
Table 1. Snapshot of Asia Pacific Powered Exoskeletons Market in Balanced Perspective, 2022-2032 20
Table 2. World Economic Outlook, 2021-2031 26
Table 3. World Economic Outlook, 2021-2023 27
Table 4. Scenarios for Economic Impact of Ukraine Crisis 31
Table 5. World Health Spending by Region, $ bn, 2013-2020 39
Table 6. Main Product Trends and Market Opportunities in Asia Pacific Powered Exoskeletons Market 43
Table 7. Asia Pacific Powered Exoskeletons Market by Offering, 2022-2032, $ mn 51
Table 8. Asia Pacific Powered Exoskeletons Market: Hardware by Type, 2022-2032, $ mn 53
Table 9. Asia Pacific Powered Exoskeletons Market by Function, 2022-2032, $ mn 61
Table 10. Asia Pacific Powered Exoskeletons Market by Function, 2022-2032, units 63
Table 11. Asia Pacific Powered Exoskeletons Market by Mobility, 2022-2032, $ mn 71
Table 12. Asia Pacific Powered Exoskeletons Market by Mobility, 2022-2032, units 73
Table 13. Asia Pacific Powered Exoskeletons Market by Actuator, 2022-2032, $ mn 81
Table 14. Asia Pacific Powered Exoskeletons Market by Actuator, 2022-2032, units 83
Table 15. Asia Pacific Powered Exoskeletons Market by Structure, 2022-2032, $ mn 95
Table 16. Asia Pacific Powered Exoskeletons Market by Structure, 2022-2032, units 97
Table 17. Asia Pacific Powered Exoskeletons Market by Vertical, 2022-2032, $ mn 103
Table 18. Asia Pacific Powered Exoskeletons Market by Vertical, 2022-2032, units 105
Table 19. Asia Pacific Powered Exoskeletons Market: Healthcare Sector by Application, 2022-2032, $ mn 107
Table 20. Asia Pacific Powered Exoskeletons Market: Industrial Sector by Application, 2022-2032, $ mn 114
Table 21. APAC Powered Exoskeletons Market by Country/Region, 2022-2032, $ mn 122
Table 22. APAC Powered Exoskeletons Market by Country/Region, 2022-2032, units 124
Table 23. Japan Powered Exoskeletons Market by Function, 2022-2032, $ mn 128
Table 24. Japan Powered Exoskeletons Market by Mobility, 2022-2032, $ mn 128
Table 25. Japan Powered Exoskeletons Market by Vertical, 2022-2032, $ mn 128
Table 26. China Powered Exoskeletons Market by Function, 2022-2032, $ mn 130
Table 27. China Powered Exoskeletons Market by Mobility, 2022-2032, $ mn 130
Table 28. China Powered Exoskeletons Market by Vertical, 2022-2032, $ mn 130
Table 29. Australia Powered Exoskeletons Market by Function, 2022-2032, $ mn 132
Table 30. Australia Powered Exoskeletons Market by Mobility, 2022-2032, $ mn 132
Table 31. Australia Powered Exoskeletons Market by Vertical, 2022-2032, $ mn 132
Table 32. India Powered Exoskeletons Market by Function, 2022-2032, $ mn 134
Table 33. India Powered Exoskeletons Market by Mobility, 2022-2032, $ mn 134
Table 34. India Powered Exoskeletons Market by Vertical, 2022-2032, $ mn 134
Table 35. South Korea Powered Exoskeletons Market by Function, 2022-2032, $ mn 136
Table 36. South Korea Powered Exoskeletons Market by Mobility, 2022-2032, $ mn 136
Table 37. South Korea Powered Exoskeletons Market by Vertical, 2022-2032, $ mn 136
Table 38. Powered Exoskeletons Market in Rest of APAC by Country/Region, 2022-2032, $ mn 138
Table 39. Breakdown of World Market by Key Vendor, 2022, % 141
Table 40. Main Vendors and Product Offerings 142
Table 41. Recent Development and Activities 145
Table 42. AlterG Inc.: Company Snapshot 147
Table 43. AlterG Inc.: Business Segmentation 148
Table 44. AlterG Inc.: Product Portfolio 148