Wearable Robots and Exoskeletons Market Is Expected to Grow at a CAGR of 22.17% by 2026

The Global Wearable Robots and Exoskeletons Market report size 2021 present’s insights on the current and future development trends, global & regional scale, revenue growth, and profitability. The report also covers market share, production, challenges, constraints, drivers, and including different key players.

The Global “Wearable Robots and Exoskeletons Market” research report offers an overview of several major countries with key factors that are expected to market developments, dynamics, growth drivers, and business factors. The report present Key market segments valued based on Wearable Robots and Exoskeletons market size, growth rate and share. This report declares the historical and current market trends that are create the scope of the Wearable Robots and Exoskeletons industry. Also, it can provide an analysis of the impact of the Covid-19 pandemic that spread across various geographic regions over the globe. In detailed, the report delivers types of products, applications, end-users and countries, among others.

The wearable robots and exoskeletons are expected to record a CAGR of 22.17% over the forecast period (2021 - 2026).

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Top Companies in the Global Wearable Robots and Exoskeletons Market: Cyberdyne Inc., ReWalk Robotics Inc., Ekso Bionics Holdings Inc., Sarcos Corporation, Honda Motor Co. Ltd., Hocoma AG (DIH International Ltd.), Lockheed Martin Corporation, Technaid. S.L., Skelex, ATOUN Inc., and Others.

Industry News and Update:

- September 2019 - Hyundai Motor Group developed a vest exoskeleton (VEX), a wearable robot to assist industrial workers who spend long hours working in overhead environments. VEX enhances productivity and minimizes fatigue of the workers by imitating the movement of human joints to boost support and mobility.
- January 2019 - Ekso Bionics Holdings Inc.'s subsidiary, Ekso Bionics Inc., partnered with Zhejiang Youchuang Venture Capital Investment Co., Ltd, and another partner to establish a joint venture to develop the exoskeleton market in China and other Asian markets and to create an exoskeleton manufacturing center.

Key Market Trend:

Military & Defense is Expected to Hold a Significant Share

- The military & defense sector require an exoskeleton that is comfortable to wear for long hours and are still highly effective and flexible. The need for increasing the safety and efficiency of the soldiers has led the military & defense sector to invest in these technologies, as the exoskeletons reduce the fatigue on the soldiers, while also giving them an extra layer of protection from the outside.
- Exoskeletons for military enable soldiers to carry up to 17 times more weight than normal, for instance, carrying 400 pounds feels like 23.5 pounds. New generations of exoskeletons will further increase the carrying capacity of soldiers. The XOS2 (a robotics suit) from Sarcos Corp. allows a weight of nearly 50 lb. (23 kg) on each arm.
- The United States Army is investing in exoskeletons that would enhance soldiers  physical capabilities on the battlefield by lessening the strain of heavy loads or helping them move faster. For instance, In 2018, B-Temia, a robotics tech company from Canada announced its engagement in an agreement with US Army Natick Soldier Research, Development, and Engineering Center with its partner Lockheed Martin, which was appointed as the prime contractor. This agreement is for the optimization of the ONYXTM exoskeleton, the military version of the B-Temia’s Dermoskeleton technology, for field trials with military operators.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Wearable Robots and Exoskeletons Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Frequently Asked Questions about Wearable Robots and Exoskeletons market:

–   Who are the key players operating in the Wearable Robots and Exoskeletons market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2026)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the Wearable Robots and Exoskeletons market in the next five years? 

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