Global smart exoskeleton market is
anticipated to grow at CAGR of over 38% during the forecast period owing to the
increasing demand for rehabilitation of people suffering from physical
disorders and neurological disorders. Smart exoskeleton systems are made using
sensors and actuators to provide enhanced support to specific body parts. These
systems are witnessing massive adoption for clinical purposes which is driving
global smart exoskeleton market through 2024.
Smart
exoskeleton market can be
segmented based on component, type, body part, application and region. On the
basis of component, the market can be segmented into actuators, sensors, power
source, control system, among others. In 2018, actuators held the dominant
share and the segment is poised to grow at high rate during forecast period as
it can improve the efficiency of exoskeletons through control of errant
motions. Based on type, smart exoskeleton market can be bifurcated into soft
exoskeleton and rigid exoskeleton. Rigid exoskeleton dominated the market in
2018, however, soft exoskeleton segment is anticipated to grow at the highest
rate during forecast period owing to its light weight and compact size. Smart
exoskeleton finds application in industrial, military, healthcare, among
others. Owing to growing rehabilitation requirements for disorders such as gait
disorders, spinal cord injuries, among others, healthcare segment is likely to
witness extensive adoption of exoskeleton until 2024.
Regionally, the market for smart
exoskeleton is gaining traction and expanding to various regions including
Asia-Pacific, North America, Europe, South America and Middle East & Africa.
Asia-Pacific is expected to grow at the highest rate during forecast period due
to increasing geriatric population and increasing manufacturing activities in
countries like China and Japan to meet the increasing demand.
Major players operating in smart
exoskeleton market include ATOUN Inc., Bionik Laboratories Corp., Cyberdyne,
Inc., Ekso Bionics, Honda Motor Co. Ltd., ReWalk Robotics, Inc., Rex Bionics
Ltd., Sarcos Corp., Technaid. S.L., US Bionics, Inc., etc. Major companies are
developing advanced technologies and launching new products in order to stay
competitive in the market. Other competitive strategies include mergers &
acquisitions and new product developments.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of
global smart exoskeleton market.
- To classify and forecast global smart exoskeleton
market based on component, type, body part, application and regional distribution.
- To identify drivers and challenges for global smart
exoskeleton market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
smart exoskeleton market.
- To conduct pricing analysis for global smart
exoskeleton market.
- To identify and analyze the profile of leading
players operating in global smart exoskeleton market.
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Some of the leading players operating in global smart exoskeleton market are ATOUN
Inc., Bionik Laboratories Corp., Cyberdyne, Inc., Ekso Bionics, Honda Motor Co.
Ltd., ReWalk Robotics, Inc., Rex Bionics Ltd., Sarcos Corp., Technaid. S.L., US
Bionics, Inc., etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations
of secondary research. TechSci Research analyzed the service offerings,
distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of global smart exoskeleton market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Raw material and
manufacturing equipment suppliers
- Electronic design automation (EDA) and design tool
vendors
- Integrated device manufacturers (IDMs)
- Research organizations and
consulting companies
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to smart exoskeleton
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers and partners, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global smart exoskeleton
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, By Component:
- Sensors
- Actuators
- Power Source
- Control System
- Others
- Market, By Type:
- Soft Exoskeleton
- Rigid Exoskeleton
- Market, By Body Part:
- Upper body
- Lower body
- Full body
- Market, By Application:
- Healthcare
- Military
- Industrial
- Others
- Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in global smart exoskeleton market.
Available
Customizations:
With the given market data,
TechSci Research offers customizations according to a company’s specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com