Wednesday, January 9, 2019
Exoskeletons Market is set to expand at a CAGR of 46.1% from 2018 to 2026
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According to a new market research report published by
Credence Research “Exoskeletons
Market (by Extremities Position: Upper, Lower, and Full Body; by
Type: Powered and Passive; by Mobility: Fixed and Mobile; by End-user:
Healthcare, Defense and Industrial) - Growth, Future Prospects, and Competitive
Landscape, 2018-2026”, the exoskeletons market estimated to grow with a CAGR of
46.1% during the forecast period from 2018 to 2026.
The complete report is available at https://www.credenceresearch.com/report/exoskeleton-market
Market Insights
Robots deployed for specific applications are replacing
human workers rapidly across all end-user verticals. However, the modern-day
robotics still has to evolve considerably to substitute humans on different
fronts. Researchers and several robotic companies are trying to develop
wearable robotic technologies to aid human workers by enhancing their
performance for a variety of tasks. Such wearable robotic technology is known
as exoskeleton or exosuit. Panasonic spokesperson Mio Yamanaka claims that the
exoskeletons are all set to change the lives of people within 15 years.
Exoskeleton provides additional physical attributes to human used for lifting
& moving heavy objects for application such as public works, construction,
agriculture, and forestry. Besides, exoskeletons are also extensively used by
soldiers for defense applications.
Exoskeleton is finding new application in medical and
healthcare end-use vertical. The technology is gaining traction for
rehabilitation of patients with physical moment disabilities required to
wheelchair or crutches. Evolution of new and lighter composite materials and
advancement in powered robotics are expected to encourage the growth of
exoskeleton in coming years. With almost endless application yet to discovered,
exoskeleton is a technology projected to stay and grow throughout and beyond
the forecast period from 2018 to 2026.
Competitive Insights:
Exoskeleton market is still in its nascent stages of
development and the technology is yet to witness several radical upgradations
in years to come. However, robotics and heavy industrial manufacturers are
facing fierce competition in order to introduce their best exoskeleton in the
market. These companies are developing exoskeletons for industrial and
commercial applications. Besides, companies are also trying to develop
exoskeleton for military and defense application and acquire contracts from
military organization across the globe. In addition, companies are trying to
enhance the performance and capabilities of exoskeleton for medical
applications. The report highlights business strategies and development of
major exoskeletons vendors including Lockheed Martin Corporation, Parker
Hannifin, Honda Motor Co. Ltd., Hyundai Motor, ReWalk Robotics, MITSUBISHI
HEAVY INDUSTRIES, Rex Bionics Plc, Suit X, ActiveLink, Bionik Laboratories
Corp, DIH Technologies Corporation, Cyberdyne Inc., and Ottobock among others.
Key Analysis Covered:
- Recent
trends in exoskeletons market and growth prospects for leading exoskeleton
develop and researchers
- Positive
impact of exoskeletons on several end-user including military &
defense and medical application
- Variety
type of exoskeletons used for different applications along with their
market estimations
- Major
and fastest growing segments in terms of extremities, type, mobility, and
end-user
- Most
promising current and upcoming geographical regions/ countries for the
exoskeletons market
The complete report is available at https://www.credenceresearch.com/report/exoskeleton-market
About Us
Credence Research is a worldwide market research and
counseling firm that serves driving organizations, governments, non legislative
associations, and not-for-benefits. We offer our customers some assistance with
making enduring enhancements to their execution and understand their most
imperative objectives. Over almost a century, we've manufactured a firm
extraordinarily prepared to this task.
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