Press release
Exoskeleton Market Size Is Estimated to Surpass USD 3.4 Billion By 2024| Top Key Players - Ekso Bionics, Hocoma AG, Hyundai Motor Company, Lockheed Martin, Parker Hannifin, ReWalk Robotics, Inc., Rex Bionics, SRI International
Exoskeleton Market
Get Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/1946
The product offer features such as performance assistance, adjustable frame and custom application software. These characteristics provide increased strength, security, and working efficiency for the workers in shipbuilding and heavy machinery industries. Investments in developing products for enhancing physical strength of industrial workers will augment the exoskeleton market size from 2016 to 2024.
Robotic development companies are using low cost, high strength material to enhance safety of operation in healthcare, industrial and military applications. Increasing funding from defense department of various countries to strengthen arm forces capability will stimulate the industry demand. For instance, in 2016, South Korea defense firms developed exoskeleton systems for Republic of Korea Army (RoKA). These systems are designed to increase soldier’s strength and endurance.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. BIONIK Laboratories Corp.
2. Cyberdyne Inc.
3. Ekso Bionics
4. Hocoma AG
5. Revision Military
6. ReWalk Robotics, Inc.
7. Rex Bionics
8. Sarcos Robotics
9. Wandercraft
Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/1946
Mobile exoskeleton market accounted for highest revenue share of over 61% in 2016 and is estimated to continue its dominance during the study period. The segment growth is credited to increased application in military & industrial segment. Mobile exoskeleton provides mobility to the wearer while augmenting strength to lift heavy load. Stationary products are deployed in rehabilitation centers and hospitals. These products provide fast recovery for the patients suffering from spinal cord injuries and other mobility impairment disorders.
Lower body exoskeleton acquired more than 60% of total revenue in 2016. These products are used to restore movement of disabled persons. Also, the companies such as Lockheed Martin are investing and developing effective lower body products to enable operation in hostile conditions for security forces. Upper body segment is projected to exhibit highest CAGR of 53% owing to increasing demand in industrial applications such as welding. Full body segment is poised to exhibit growth owing to use in security & defense applications. Revenue for this segment will cross USD 760 million in 2024.
Healthcare sector dominated the overall exoskeleton market size in 2016 and is expected to continue its dominance during the study period. Increasing spending on healthcare, technological advancements to increase safety and stringent government regulation will attribute to the segment growth. Military segment is expected to witness an exponential growth owing to increasing funding from defense departments to develop exosuits for their arm forces. The segment will witness substantial increase in revenue and will acquire more than 26% of the overall industry by 2024.
Browse Report Summery @ https://www.gminsights.com/industry-analysis/exoskeleton-market
Asia Pacific is estimated to cross USD 780 million over the forecast timeframe. The growth can be attributed to increasing spending on healthcare and awareness about industrial robotics in manufacturing sector. China and South Korea are investing heavily in development of wearable robots for defense & security purposes.
Players operating in the global exoskeleton market include 20 KNOTS PLUS LTD, ActiveLink, BIONIK Laboratories Corp., Cyberdyne Inc., Ekso Bionics, GOGOA Mobility Robots, Hocoma AG, Honda Motor Co., Ltd., Hyundai Motor Company, Lockheed Martin, noonee, Parker Hannifin, Revision Military, ReWalk Robotics, Inc., Rex Bionics,Sarcos Robotics, SRI International, Technaid S.L., Wandercraft.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exoskeleton Market Size Is Estimated to Surpass USD 3.4 Billion By 2024| Top Key Players - Ekso Bionics, Hocoma AG, Hyundai Motor Company, Lockheed Martin, Parker Hannifin, ReWalk Robotics, Inc., Rex Bionics, SRI International here
News-ID: 1350841 • Views: …
More Releases from Global Market Insights, Inc.
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health.
This in turn has led to a surge in demand for various functional foods…
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock.
According to Global Market Insights Inc estimates…
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight.
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091
Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group…
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products.
Prenatal vitamin ingredients can…
More Releases for Exoskeleton
Exoskeleton Market Industry Analysis - Exoskeleton Market Market Size Driven by …
The most recent study offered by Acumen Research and Consulting focuses Exoskeleton Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Exoskeleton Market trends in order to assess its current and future potential. Our Exoskeleton Market analysis also provides market participants and new entrants with a comprehensive view of the…
Exoskeleton Robots Market 2021 | Detailed Report
The research reports on “Exoskeleton Robots Market” report gives detailed overview of factors that affect global business scope. Exoskeleton Robots Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team.
Get Free Sample PDF (including full TOC,…
Exoskeleton against back pain
By combining medicine and modern robotics, the startup Japet Medical developed a novel exoskeleton. For companies, its use can mean a significant reduction in work absences and accidents. Now, with the support of Startup Campus Germany, the French company has won its first German customers, Hof University of Applied Sciences and MeisterWerke Schulte GmbH.
Lower back pain, muscular and skeletal diseases are the main cause of absenteeism and occupational diseases. For…
Impact of COVID-19 on Exoskeleton Market | TOP 10 COMPANIES IN EXOSKELETON MARKE …
Meticulous Research – A leading global market research company published a research report titled, “Exoskeleton Market by Product Type (Soft & Rigid), Power Type (Powered & Passive), Body Type (Complete Body, Upper & Lower Extremities), Mobility (Stationary & Mobile), and End-Use Industry (Industrial, Military, Healthcare)- Global Forecast to 2027”.
According to this latest publication from Meticulous Research®, the global exoskeleton market is expected to grow at a CAGR of 54.5% from…
Global Powered Exoskeleton Market Insights, Forecast
Powered Exoskeleton market is a wearable high-tech robotic device used for limb movement with increased strength and endurance. The rapid development of science and technology especially in the field of healthcare has paved a way for mitigation of neural, physical disorder by Powered Exoskeleton. Moreover, the concept of externally powered skeleton systems is widely adopted for Astronomy and Defense sector. Increase in physically challenged population, the rise in demand for…
Global Exoskeleton Market Growth 2019-2024
An Exoskeleton is a wearable robot that combines human intelligence and machine power. It is widely used for rehabilitation applications such as tendon therapy and physical exercise, and supports finger flexion and extension movements.
In the last several years, global market of Exoskeleton developed rapidly, with an average growth rate of 42.91%. In 2017, global revenue of Exoskeleton is nearly 84.96 M USD; the actual sales are about 3395 units.
The classification…
