The Report Wearable Robots Market by Product Type ( Powered wearable robots ,Unpowered wearable robots ), by Technology ( Robotics ,Sensors ,Artificial intelligence ,Haptics ) ,by Sales Channel ( Direct sales ,Online platforms ,Retail stores ,Partnerships ) And by Application ( Healthcare ,Industrial ,Military and Defense ,Sports and Athletics ,Gaming and Entertainment ) Global Industry Analysis and Forecast Analysis (2023-2029)
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The Wearable Robots Market is poised for exponential growth, with a projected value of USD 9.21 billion by 2029, experiencing an impressive Compound Annual Growth Rate (CAGR) of 41.6% from 2023 to 2029.
Powered and unpowered wearable robots are the two market segments. In comparison to wearable robots without electricity, powered wearable robots have a bigger market share.
The wearable robots industry, by application, has uses in the healthcare, industrial, military, and defense, sports, and entertainment industries.
Based on the cutting-edge technology utilized in wearable robots, such as robotics, sensors, artificial intelligence, and haptics, the market is categorized by technology.
According to sales channel, the wearable robots market is divided into direct sales, online marketplaces, brick-and-mortar stores, and joint ventures with healthcare or industrial suppliers.
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North America Leads, Asia-Pacific Rapidly Growing
The Wearable Robots Market is now dominated by companies from North America, including Cyberdyne Inc., Ekso Bionics Holdings Inc., and Sarcos Corporation. The Asia-Pacific area, meanwhile, is positioned for substantial expansion as a result of variables like a sizable senior population, growing industrialization, and rising healthcare costs. Wearable robots are becoming more prevalent in the region as a result of China's manufacturing activities and Japan's focus on robotics for aging populations.
Wearable Robots Market Key Players:
1.Cyberdyne Inc. 2.Ekso Bionics Holdings Inc. 3.Sarcos Corporation 4. Honda Motor Co. Ltd. 5. ReWalk Robotics Inc. 6.Myomo Inc. 7.Lockheed Martin Corporation 8. RB3D 9. Hocoma AG 10. Bionik Laboratories Corporation 11.Ottobock SE & Co. KGaA 12.L3Harris Technologies Inc. 13. Panasonic Corporation 14.Intuitive Surgical Inc. 15. Boston Dynamics 16.Teradyne Inc. 17.Epson Robots 18. SoftBank Robotics Corp. 19.Universal Robots A/S 20. Yaskawa Electric Corporation 21. Comau SpA 22. Kuka AG 23.Fanuc Corporation 24.ABB Ltd. 25.Siemens AG 26.Mitsubishi Electric Corporation 27.Omron Corporation 28. Hitachi Ltd. 29. Toshiba Corporation 30.Denso Corporation
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