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Exoskeleton Market Projected to reach 2,810.5 Million USD by 2023 | Key players include Bionik Laboratories, B-Temia, CYBERDYNE and Ekso Bionics
MarketsandMarkets™
Browse 65 Market Data Tables and 37 Figures spread through 148 Pages and in-depth TOC on "Exoskeleton Market - Global Forecast to 2023"
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Exoskeleton market for software to grow at a higher CAGR during the forecast period
The exoskeleton market for software is expected to grow at a higher CAGR during the forecast period. As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
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Powered exoskeleton held a larger share of the exoskeleton market in 2016
The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016. The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
Exoskeleton market for mobile exoskeleton to grow at a higher CAGR during the forecast period
The market for mobile exoskeleton is expected to grow at a higher CAGR between 2017 and 2023. The healthcare vertical is already a major consumer of mobile exoskeletons, and because of its added advantages, these exoskeletons can also find applications in several new verticals, such as defense, sports and fitness, and search and rescue.
Americas is the major consumer of exoskeletons
The Americas accounted for the largest share of the overall exoskeleton market in 2016. The Americas, being the early adopter of exoskeletons for all major verticals such as healthcare, industrial, and defense and a home to some well-known players in the exoskeleton market, has the maximum demand for exoskeletons.
The report profiles the most promising players in the market. The competitive landscape of the market is highly dynamic because of the presence of a significant number of big and small players. The key players in the market are Bionik Laboratories (Canada), B-Temia (Canada), CYBERDYNE (Japan), Ekso Bionics (US), Focal Meditech (Netherlands), DIH Technologies (China), Hyundai Motor (South Korea), Lockheed Martin (US), Meditouch (Israel), Ottobock (Germany), ReWalk Robotics (Israel), Exhauss (France), Fourier Intelligence (China), GOGOA Mobility Robots (Spain), P&S Mechanics (South Korea), suitX (US), ATOUN (Japan), Daiya Industry Co. (Japan), Honda Motor (Japan), MITSUBISHI HEAVY INDUSTRIES (Japan), PARKER HANNIFIN (US), Rex Bionics (New Zealand), Gobio Robot (France), Myomo (US), and Wandercraft (France).
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