The latest Smart Exoskeleton Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Smart Exoskeleton Market is valued at approximately USD $$ billion in 2022 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2023-2030.
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Smart exoskeleton is a fueled wearable suit, which is intended to improve user safety while improving overall human efficiency to do different tasks. Smart algorithms are used in this exoskeleton, which automatically adapts to the motions of the human body and further aid in obtaining performance excellence. Additionally, smart exoskeletons use less energy than conventional exoskeletons because they can automatically adapt to body actions. Additionally, it helps those who are physically weak as well as those with medical and neurological conditions. It makes use of an exoskeleton that is smart, lightweight, and specifically designed to increase user movements and guard against unexpected injuries. It also makes it easier for the elderly to walk and reduces injuries from accidents. The market for smart exoskeletons is growing as the target population increases globally. The increase in accidents that result in disabilities benefits the market. The market is further impacted by the rise in geriatrics because chronic diseases are more common in the elderly. Another factor supporting the market growth is rising demand for gait rehabilitation and increasing demand in industrial body parts that create a lucrative demand for the market.
The rising number of people suffering from physical disabilities is propelling the lucrative demand for the smart exoskeleton. According to Statista, in 2016, the number of people with a disability aged between 15 and 64 years old in France was 5.78 million and in 2019 the number reached 5.95 million. As a result, the rising number of differently-abled population is creating the lucrative opportunity for the market during forecast period. Additionally, increasing investments in research and development for innovative, energy-efficient and lightweight exoskeletons globally are anticipated to create lucrative opportunities for market growth. However, the concerns related to affordability of Smart Exoskeleton stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Smart Exoskeleton Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the dominating region across the world in terms of market share, owing to the presence of key market players and rising number of gait rehabilitation in the region. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as rising geriatric and increasing number of people suffering from physical disabilities.
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Major market players included in this report are:
Esco Bionics (US)
EXHAUSS (Canada)
SUIT X (US)
Rex Bionics Ltd (New Zealand)
ReWalk Robotics (Israel)
Raytheon Company (US)
PARKER HANNIFIN CORP (US)
Fourier Intelligence Co., Ltd (China)
DIH Technologies Corporation (US)
Focal Meditech BV (Netherlands)
Recent Developments in the Market:
In 2021, Ekso Bionics formed a collaboration with the American Physiatry Society to inform doctors about the therapeutic significance of the EksoNR exoskeleton. This collaboration will aid in the effective incorporation of robots into rehabilitation programmes and increase other doctors’ and therapists’ awareness of Ekso Bionics technology.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Component:
Sensors
Actuators
Power Source
Control System
Others
By Type:
Soft Exoskeleton
Rigid Exoskeleton
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By Body Part:
Upper Body
Lower Body
Full body
By Application:
Industrial
Healthcare
Military
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Smart Exoskeleton Market Report:
- What is the projected size of the global Smart Exoskeleton market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Smart Exoskeleton industry?
- What are the major market trends that are affecting the expansion of the Smart Exoskeleton market?
- What obstacles must be overcome in order to achieve sustained growth in the Smart Exoskeleton market?
- What opportunities and threats do vendors in the global Smart Exoskeleton market face?
- What are the raw materials and manufacturing equipment used in the production of Smart Exoskeleton, and what is the manufacturing process?
- What are the different types and applications of Smart Exoskeleton, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Smart Exoskeleton market?
- What factors are driving the growth of the Smart Exoskeleton market in the top regions worldwide?
- Who are the major players in the global Smart Exoskeleton market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Smart Exoskeleton market?
- What are the main findings of a five forces analysis of the global Smart Exoskeleton market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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