SOURCE RESEARCH
Exoskeletons
Market Data | 4Q 2024 | MD-XROBO-102
Get The ReportWith a Compound Annual Growth Rate (CAGR) of 24.8%, exoskeleton revenue will increase from US$529 million in 2022 to US$3.9 billion in 2030. The exoskeleton market will be led by the Asia-Pacific region (notably China, Japan, and South Korea), comprising more than half of global revenue by the end of the decade.
Meanwhile, Europe will account for 27% of the exoskeleton market (with Germany being a leader) by 2030, a slight decrease from its current 32% market share. Finally, North America (mainly the United States) accounts for 22% of global exoskeleton revenue today, but that share will dwindle to 17% by 2030 thanks to the rapid adoption of industrial robotics in the Asia-Pacific region.
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