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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
Exoskeleton use has been investigated in the automobile sector to increase worker productivity and safety. Exoskeletons are wearable gadgets that can improve physical capabilities and lessen physical stress on employees, especially when they are performing demanding or repeated duties.
Exoskeletons can be used to support workers during assembly, welding, painting, and other manufacturing procedures in the automotive industry. Also, they can aid in lowering the chance of damage due to repeated motion, hard lifting, or uncomfortable positions at work.
Exoskeletons created for the automotive sector are frequently portable, adaptable, and simple to wear. They might have elements like arm and back support, as well as hand tools for grasping and handling small parts. To monitor worker motions and provide feedback on posture and ergonomics, some exoskeletons may also include sensors and software.
Exoskeletons are probably going to become more widely used in the automobile industry and other sectors where physical labour is necessary as technology advances and costs come down.
Global automotive industry exoskeleton market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
Hyundai Motor Group has created a new exoskeleton wearable robot called the Vest Exoskeleton (VEX) to aid industrial workers who spend long hours working in above environments.
The VEX enhances productivity and reduces fatigue of industrial workers by imitating the movement of human joints to boost load support and mobility.
The wearable vest features a polycentric axis, combining multiple pivot points with multi-link muscular assistance, to function, eliminating the need for workers to bear weight on their arms while performing overhead tasks.
Workers have given positive feedback as it reduced fatigue in their arms and shoulders while boosting productivity and safety. The VEX is a wearable robot designed to assist industrial workers who spend long hours working in overhead environments.
It enhances productivity and reduces fatigue by imitating the movement of human joints to boost load support and mobility. The VEX features a polycentric axis that combines multiple pivot points with multi-link muscular assistance to function, eliminating the need for a battery.
The Chairless Exoskeleton (CEX), a lightweight wearable robot being developed by Hyundai Motor Group, helps workers maintain a sitting position without the use of a stool or chair. Besides, Hyundai Motor Group unveiled Medical Exoskeleton (MEX)
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |