Exoskeleton System Market Size, Top Companies, Global Industry Share, Outlook, Trends and Forecast to 2026
According to the latest report by IMARC Group, titled “Exoskeleton System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on the exoskeleton market size.
The global exoskeleton market exhibited robust growth during 2015-2020 and is expected to grow at a CAGR of 43.3% during 2021-2026. An exoskeleton system refers to a wearable man-machine mechanism that provides mechanical strength to the user by amalgamating human intelligence and machine power. It comprises a wearable powered suit that enhances user safety and efficiency to perform particular tasks. It also employs algorithms that adjust and adapt to human body motions, along with various sensors and electrical connections that control the components. Exo-suits help lift heavy materials, reducing the user’s back muscles and spine stress. They also assist the elderly to walk and prevent fall-related injuries. As a result, these systems are extensively used across various healthcare, military, and industrial sectors.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Exoskeleton System Market Trends:
The growing demand for exoskeletons in rehabilitation centers across the globe is driving the exoskeleton system market growth. Furthermore, the increasing adoption of motor-equipped robots to aid human body mechanics also contributes to the growth of the market. Moreover, the rising prevalence of heart strokes, spinal cord injuries, and paralysis propel the demand for these systems in the healthcare industry. Additionally, the increasing adoption of custom-fitted exoskeletons across military and industrial sectors also foster the global market growth. They support multiple joints and identify human movements to provide appropriate responses of the exoskeleton actuators, further inducing the product demand in the industrial sectors.
Exoskeleton System Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the exoskeleton system market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Bionik Laboratories
Mitsubishi Heavy Industries
Rex Bionics
Myomo
Gobio Robot
Parker Hannifin
Wandercraft
P&S Mechanics
Suitx
Gogoa Mobility Solutions
Exhauss
Atoun
Fourier Intelligence
Honda Motor
Daiya Industry Company
Key Market Segmentation:
The report has segmented the global exoskeleton system market on the basis of component, type, mobility, body part, end use sector and region.
Market Breakup by Component:
Hardware
Sensors
Actuators
Power Sources
Control Systems
Other Components
Software
Market Breakup by Type:
Powered
Passive
Market Breakup by Mobility:
Stationary
Mobile
Market Breakup by Body Part:
Lower Body
Upper Body
Full Body
Market Breakup by End Use Sector:
Healthcare
Defense
Industrial
Others
Market Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
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Key Highlights of the Report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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