Market Analysis:
The Global Exoskeleton Market is expected to reach USD 8,300.00 Million by 2025 from USD 528.30 Million in 2017, at a CAGR of 41.2% in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation: Global Exoskeleton Market
Global Exoskeleton Market
By Component
• Hardware,
• Software
Mobility
• Stationary,
• Mobile
Type
• Powered,
• Passive
Body Parts
• Upper Extremities,
• Lower Extremities,
• Full Body
End User (
• Healthcare
• Rehabilitation,
• Elderly Care
• Defence/Military,
• Industrial,
• Others
Geography
• North America,
• Europe,
• Asia-Pacific,
• South America,
• Middle East & Africa
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Drivers: Global Exoskeleton Market
One of the major factor driving the market for exoskeleton market is growing geriatric population, . This factor led to the increase the demand for exoskeleton products. Advent of robotic technologies and increased investment towards exoskeleton technology are the other factors driving the growth of the exoskeleton market.
ADVENT OF ROBOTIC TECHNOLOGIES:
Robotic technology is becoming dominant in the recent years. Robotics holds the capability of transforming lives and work practices, raises efficiency and safety levels, and provide enhanced levels of service.
With the increased awareness and easy usage robotics has set to become the driving technology supporting a whole new generation of self-directed devices and intellectual objects.
Many developments and launched have taken place in the recent time. Some of them are:
In February, 2017 Omron (Japan) launched AI-equipped Mobile Robot LD Series, a family of Autonomous Intelligent Vehicles (AIVs) that signifies a significant step taken by the company towards attaining human-machine coherence in manufacturing.
In 2014, Roof Monitor by Robot Creative Management, LLC(U.S) has been introduced in the market, it is technology-based system that has been designed to observe live loads of water and snow on the roofs of low-sloped buildings and to inform businesses about the risk involved.
In 2018, Moley (U.K.) launched world’s first robotic kitchen that is supported by an iTunes’ style library of recipes.
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Major Players: Global Exoskeleton Market
Some of the major players operating in this market are
• ATOUN Inc.,
• SUIT X,
• Hocoma,
• Rex Bionics Ltd,
• ReWalk Robotics,
• RB3D,
• Raytheon Company,
• PARKER HANNIFIN CORP,
• ottobock,
• Fourier Intelligence Co., Ltd,
• DIH Technologies Corporation,
• Esco Bionics,
• B-Temia,
• Focal Meditech BV,
• Cyberdyne, Inc.,
• Bionik Laboratories corp.,
• Lockheed Martin Corporation,
• GOGOA, Honda Motor Co., Ltd.
• EXHAUSS among others.
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