Japan Exoskeleton Market Size & Outlook, 2023-2030
Japan exoskeleton market, 2016-2030 (US$M)
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Japan exoskeleton market highlights
- The Japan exoskeleton market generated a revenue of USD 22.4 million in 2023 and is expected to reach USD 89.5 million by 2030.
- The Japan market is expected to grow at a CAGR of 21.9% from 2024 to 2030.
- In terms of segment, lower body was the largest revenue generating extremities in 2023.
- Upper Body is the most lucrative extremities segment registering the fastest growth during the forecast period.
Exoskeleton market data book summary
| Market revenue in 2023 | USD 22.4 million |
| Market revenue in 2030 | USD 89.5 million |
| Growth rate | 21.9% (CAGR from 2023 to 2030) |
| Largest segment | Lower body |
| Fastest growing segment | Upper Body |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upper Body, Lower Body, Full Body |
| Key market players worldwide | Ekso Bionics Holdings Inc, Lockheed Martin Corp, Ottobock, Rex Bionics, Rewalk Robotics Ltd, Cyberdyne Inc, Panasonic Holdings Corp, Hocoma, RB3D |
Other key industry trends
- In terms of revenue, Japan accounted for 14.7% of the global exoskeleton market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1.3 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan exoskeleton market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to exoskeleton market will help companies and investors design strategic landscapes.
Lower body was the largest segment with a revenue share of 41.96% in 2023. Horizon Databook has segmented the Japan exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Growing interest in exoskeleton technology among various Japanese companies, such as Panasonic ActiveLink and Cyderdyne, Inc., is one of the important factors anticipated to propel the growth of exoskeleton market in Japan.
Increasing R&D activities in this country to fulfill the demand for low-cost robotic exoskeleton suits and growing elderly population are anticipated to boost the usage rate of exoskeleton technology in various areas, such as in eldercare assisted living services, military, and industries.
For instance, Powerloader by Panasonic ActiveLink Co., Ltd., a Japan-based company, is one of the prominent exoskeletons available in the market. The Powerloader suit is a low-priced suit that is mainly designed to help with heavy load delivery services and farming activities.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into Japan exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Japan exoskeleton market size, by extremities, 2016-2030 (US$M)
Japan Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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