Report Description

Global Smart Exoskeleton Market By Component (Sensors; Actuators & Others), By Type (Soft Exoskeleton & Rigid Exoskeleton), By Body Part (Upper body; Lower body & Full body), By Application (Healthcare; Military & Others), By Region, Competition, Forecast & Opportunities, 2024

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : ICT

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).

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