Soft Exoskeleton Market Competitive Intelligence and Tracking Report 2020-2028

The research and analysis conducted in Soft Exoskeleton Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Soft Exoskeleton industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Soft Exoskeleton Market report is provided that covers many work areas.

Market expectations for likely development openings have been mentioned clearly in this world class Soft Exoskeleton Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Soft Exoskeleton Market report.

Global soft exoskeleton market is expected to grow with the healthy CAGR of 28.5% in the forecast period of 2019 to 2026. The report contains data from the historic year of 2017, base year of 2018. Increasing exosuits for healthcare applications are the major factor for the growth of the market.

Market Definition: Global Soft Exoskeleton Market

Soft exoskeleton can rely on the skeleton structure of wearer to transmit the forces through actuated joints. The soft exoskeleton is designed with light weight material and uses pneumatics or cable transmission which is a new approach of development of wearable robot design. The soft exoskeleton or exosuit is a new trend in soft wearable robot design used for the hip joints and ankle assistance while walk. The soft exosuit is used for several industrial applications in mining, manufacturing assistance and militants safety purposes. Growing funding for the safety of defense sector by the governments enhances the utilization and modification in the mobile exoskeletons.

Market Drivers

Increasing adoption of exosuits for healthcare applications is driving the market growth
Increasing military budget distributions may boost the growth of the market
Growing usage of full body soft exoskeleton in industrial process is fueling the market growth in the forecast period
Growing awareness by regulatory approval for industrial usage of exoskeletons is contributing towards the growth of the market

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Market Restraint
High cost of soft exoskeleton is acting as a major restraint for the market

Segmentation: Global Soft Exoskeleton Market
By Product Type
Full Body
Upper Body
Lower Body

By Application
Industrial
Mining
Construction
Manufacturing
Others
Military
Healthcare
Sports

By Mobility
Stationary
Mobile

By Geography
North America
S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America

Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe

Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific

Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

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Key Developments in the Market:

In July 2018, ReWalk Robotics (U.S.) announced the clinical trial of soft exoskeleton in five research center in the United States. The company has announced their expected date to launch the ReWalk Robotics Restore in U.S. and Europe in 2019. The clinical trials of restore will bring the restore closer to the FDA clearence

In March 2018, Roam Robotics (U.S.) introduced the soft exoskeleton for snowboarders and skiers costing approximately USD 2,500. The soft exoskeleton is designed to provide the support to the legs of skiers. This introduction will enhance the product portfolio of the company

Competitive Analysis:

Global soft exoskeleton market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of soft exoskeleton market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major market competitors currently working in global soft exoskeleton market are ATOUN Inc., Bionik., Cyberdyne, Inc., Ekso Bionics, Honda Motor Co. Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid., US Bionics, SRI International, Roam Robotics, Gogoa and Otherlab among others.

The Soft Exoskeleton market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Soft Exoskeleton market.

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Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Soft Exoskeleton market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Soft Exoskeleton market. These factors have benefited the growth of the global market for Soft Exoskeleton. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

Reasons to Purchase this Report:

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value USD Million and volume Units Million data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)

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