Exoskeleton Market Global by Top Key Players: ReWalk Robotics, Ekso Bionic, Lockheed martin, Cyberdyne Systems, Panasonic, Virginia Tech

Market Overview: -

In the first quarter of 2017, exoskeleton market witnessed one of the most potentially lucrative deals, with Parker Hannifin Corporation, a key manufacturer of motion & control technologies, introducing a therapy software suite for its Indego exoskeleton across Europe. The new suite has made Indego a unique exoskeleton for non-trajectory based gait training & treatment.

Furthermore, Lockheed Martin, a U.S. based aerospace, defense, and security firm, has also launched a computer-regulated exoskeleton device referred as FORTIS Knee Stress Release gear that helps soldiers counter stress on their legs & lower backs. It also improves their load carrying capacity and movement, preventing injuries and exhaustion. The advent of consecutive innovations will encourage other business players to follow suit, thereby contributing toward augmenting the overall exoskeleton industry size.

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Top Key Players: -

Exoskeleton market share is consolidated with the presence of few players including, ReWalk, Ekso Bionic, REX Bionic, Lockheed martin, Virginia Tech, Cyberdyne and Panasonic.

Market share calculation in this report is not done based on companies covered in it. The calculation of exoskeleton market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

Exoskeletons are rapidly gaining momentum across myriad geographies. The huge presence of exosuit manufacturers and escalated product demand across military & healthcare sectors are anticipated to stimulate North America exoskeleton industry outlook.

This regional market, as per estimates, is expected to record a CAGR of over 48% during 2017 to 2024, with U.S. being one of the key contributors. Mounting awareness about the beneficial use of industrial robotics in manufacturing activities and the rise in the production of wearable robots across the defense sector are predicted to be the key factors driving APAC exoskeleton industry, with China and South Korea forecast to be the major revenue pockets.

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Partial Chapter of the Table of Content

Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions, scope and forecast parameters
1.2. Data sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2. Executive Summary
2.1. Exoskeleton industry 3600 synopsis, 2014 - 2024
2.1.1. Business trends
2.1.2. Product trends
2.1.3. Type trends
2.1.4. Application trends
2.1.5. Regional trends
Chapter 3. Exoskeleton Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2014 - 2024
3.3. Industry ecosystem analysis
3.3.1. Distribution channel analysis
3.3.2. Vendor matrix
3.4. Technology landscape
3.5. Regulatory landscape
3.5.1. U.S.
3.5.2. EU
3.5.3. China
3.6. Industry impact forces
3.6.1. Growth drivers
3.6.2. Industry pitfalls & challenges
3.7. Innovation & sustainability
3.8. Growth potential analysis
3.9. Porter's analysis
3.9.1. Supplier power
3.9.2. Buyer power
3.9.3. Threat of new entrants
3.9.4. Threat of substitutes
3.9.5. Internal rivalry
3.10. Competitive landscape, 2016
3.10.1. Market share analysis
3.10.2. Strategic dashboard
3.11. PESTEL analysis

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Exoskeletons find wide applications across healthcare, industrial, and military sectors. The introduction of new technologies across the healthcare sector to ensure the safety coupled with the allocation of funds for healthcare will spur the product penetration. Healthcare applications are expected to account for nearly half of the exoskeleton market share by 2024, having contributed a substantial share in 2016.

Furthermore, notable initiatives taken by various defense departments for manufacturing advanced exosuits for their army personnel are expected to spur exoskeleton market trends across the military sector, which is forecast to contribute over USD 900 million by 2024.

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