What are the Smart Exoskeleton Market Investment Strategies by Top Companies? ATOUN Inc., BIONIK, CYBERDYNE, INC., Ekso Bionics, Honda Motor Co., Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid. S.L

The global smart exoskeleton market is segmented based on component, type, body part, application, and region. On the basis of component, the market is categorized into sensors, actuators, power source, control system, and others. Depending on type, it is classified into soft exoskeleton and rigid exoskeleton. By body part, it is divided into upper body, lower body, and full body. The applications covered in the study include industrial, healthcare, military, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

A smart exoskeleton is a powered system comprising sensors and actuators that use feedback from the wearer to provide enhanced assistance to specific body parts or the entire body while lowering energy expenditure. Smart exoskeletons are extensively deployed for clinical purposes to provide effective exercise and therapy for patients. Smart exoskeletons find their major application in industries where workers are required to perform physically demanding tasks. In addition, these systems are being developed to aid in military body parts by improving physical capabilities of soldiers.

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The key players operating in the smart exoskeleton industry are ATOUN Inc., BIONIK, CYBERDYNE, INC., Ekso Bionics, Honda Motor Co., Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid. S.L., and U.S. Bionics, Inc. Players are adopting various strategies to strengthen their product portfolio and business reach. For instance, In August 2018, ATOUN Inc. launched Powered Wear ATOUN MODEL Y, a wearable robot, which is designed to reduce work-induced burdens from the backs of workers and improve work efficiency.

Increased demand in gait rehabilitation and surge in demand for elderly safety body parts are the factors expected to drive the growth of the smart exoskeleton market during the forecast period. However, affordability issues are anticipated to restrain the market growth. Conversely, increase in initiatives for adoption of smart exoskeletons in military body parts across the globe is expected to create lucrative opportunities for the key players operating in the smart exoskeleton market.

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North America dominated the market, followed by Europe. Increase in health needs across North America and rise in number of demand from paraplegics have significantly contributed toward the growth of the smart exoskeleton market in this region. In 2017, the U.S. dominated the North America market, and the UK is expected to lead the overall market in Europe during the forecast period.

Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Asia-Pacific countries are witnessing surge in demand for exoskeletons for medical purposes. Countries such as China, Japan, and Singapore are involved in developing exoskeleton-related technologies. China dominated the market in 2017. Moreover, smart exoskeleton vendors are focusing on expanding their business in India and other countries. A new exoskeleton suit was developed that allows a Singapore Civil Defense Force (SCDF) firefighter to carry a heavy weight of about 50 kg without any hassle.

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The Healthcare sub segment secures the highest share in the application segment in 2017. In the healthcare sector, the use of smart exoskeletons is primarily for helping paralytic individuals to move. Moreover, it is relatively a stable way of walking as compared to the use of crutches or walkers. In addition, another application improving the quality of patients is the assistive technology to enable system-assisted walking or restoration of other motor controls lost due to illness or accidental injury. Among component, Actuators holds the highest market share during the forecast period 2018 - 2025.

Key Benefits for Smart Exoskeleton Market:

1. This study comprises an analytical depiction of the global smart exoskeleton market opportunity along with the current trends and future estimations to depict the imminent investment pockets.

2. The overall smart exoskeleton market forecast is determined to understand the profitable trends to gain a stronger foothold.

3. The report presents information related to key drivers, restraints, and opportunities with a detailed smart exoskeleton market analysis.
The smart exoskeleton industry is quantitatively analyzed from 2017 to 2025 to benchmark the financial competency.

4. Porters five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Smart Exoskeleton Key Market Segments:

By Component

o Sensors
o Actuators
o Power Source
o Control System
o Others

By Type

o Soft Exoskeleton
o Rigid Exoskeleton

By Body Part

o Upper Body
o Lower Body
o Full body

By Application

o Industrial
o Healthcare
o Military
o Others

By Region

o North America

o U.S.
o Canada
o Mexico

o Europe

o UK
o Germany
o France
o Russia
o Rest of Europe

o Asia-Pacific

o China
o Japan
o India
o South Korea
o Rest of Asia-Pacific

o LAMEA

o Latin America
o Middle East
o Africa

Key Market Players Profiled

o ATOUN Inc.
o BIONIK
o CYBERDYNE, INC.
o Ekso Bionics
o Honda Motor Co. Ltd.
o ReWalk Robotics
o Rex Bionics Ltd.
o Sarcos Corp.
o Technaid. S.L.
o US Bionics, Inc.

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