Press release
Global Smart Exoskeleton Market is Estimated to Mask a CAGR of 40.9% by 2023| Top Key Players – Sarcos, Rex Bionics Ltd, ReWalk Robotics, Honda, Ekso Bionics
The global Smart Exoskeleton market accounted for USD 119.8 Million in 2017. Further, the market is expected to reach to a valuation of USD 1,836.9 Million by the end of 2023. Moreover, it is anticipated to flourish at a CAGR of 40.9% during the forecast period i.e. 2018-2023.
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Growth Drivers & Barriers
Growing demand for the use of smart exoskeleton in the rehabilitation of people suffering from neurological disorders and physical disabilities are expected to positively impact the growth of the global smart exoskeleton market in the upcoming years. Further, increasing number of spinal cord injury & paralysis cases and growing geriatric population are some of the major factors behind the growth of the global smart exoskeleton market.
Moreover, rising adoption of human augmentation in industrial and military sectors are projected to intensify the growth of the global smart exoskeleton market. In addition, demand for motor-equipped robots to assist human body mechanism is increasing. Further, this factor is anticipated to drive the growth of the global smart exoskeleton market over the forecasted period.
However, factors such as high equipment cost and stringent government regulations for exoskeletons are likely to hamper the growth of the global smart exoskeleton market in the upcoming years.
Regional Outlook:
In terms of geography, the smart exoskeleton market is analyzed into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Among these regions, North America is expected to account for the highest percentage of market share in the overall smart exoskeleton market over the forecasted period. Increasing investments to develop smart, innovative and energy efficient exoskeleton is envisioned to drive the growth of North America smart exoskeleton market in the upcoming years. In addition to this, the advancement of robotics technologies in the North America region is anticipated to intensify the growth of smart exoskeleton market.
Segmentation
The research offers a comprehensive analysis of smart exoskeleton market with respect to following sub-markets:
By Component
- Sensors
- Power Source
- Control System
- Actuators
- Others
By Type
- Soft Exoskeleton
- Rigid Exoskeleton
By Body Part
- Upper Body
- Lower Body
- Full Body
By Application
- Industrial
- Military
- Healthcare
- Others
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
- Sarcos
- Rex Bionics Ltd
- ReWalk Robotics
- Honda
- Ekso Bionics
- Cyberdyne Inc.
- Bionik
- ATOUN Inc.
- Technaid. S.L.
- US Bionics
- Other Major & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global Smart Exoskeleton Market
3. Global Smart Exoskeleton Market Trends
4. Opportunities in Global Smart Exoskeleton Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global Smart Exoskeleton Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global Smart Exoskeleton Market Segmentation Analysis, By Component
8.1. Introduction
8.2. Market Attractiveness, By Component
8.3. BPS Analysis, By Component
8.4. Sensors Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. Power Source Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.6. Control System Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.7. Actuators Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.8. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Smart Exoskeleton Market Segmentation Analysis, By Type
9.1. Introduction
9.2. Market Attractiveness, By Type
9.3. BPS Analysis, By Type
9.4. Soft Exoskeleton Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Rigid Exoskeleton Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10. Global Smart Exoskeleton Market Segmentation Analysis, By Body Part
10.1. Introduction
10.2. Market Attractiveness, By Body Part
10.3. BPS Analysis, By Body Part
10.4. Upper Body Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Lower Body Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Full Body Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Smart Exoskeleton Market Segmentation Analysis, By Application
11.1. Introduction
11.2. Market Attractiveness, By Application
11.3. BPS Analysis, By Application
11.4. Industrial Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Military Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.6. Healthcare Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.7. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…
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