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Smart Exoskeleton Market by Component, Type, Body Part and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025

  • ID: 4828885
  • Report
  • Region: Global
  • 307 pages
  • Allied Analytics LLP
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Smart Exoskeleton Market Overview:

The global smart exoskeleton market was valued at $125.6 million in 2017, and is projected to reach $1,896.8 million by 2025, registering a CAGR of 41.3% from 2018 to 2025.

A smart exoskeleton is a powered system comprising sensors and actuators that use feedback from the wearer to provide enhanced assistance to specific body parts or the entire body while lowering energy expenditure.

Smart exoskeletons are constructed using rigid materials (metals or carbon fiber) and flexible materials. Moreover, these systems makes use of algorithm to device assistance strategy for the wearer.

They are extensively deployed for clinical purposes to provide effective exercise and therapy for patients. They find their major application in industries where workers are required to perform physically demanding tasks. In addition, these systems are being developed to aid in military body parts by improving physical capabilities of soldiers

Upsurge in demand for use in clinical purposes and in industrial body parts is the key factor expected to drive the growth of the global smart exoskeleton market during the forecast period. However, concerns related to affordability restrains the market growth.

The smart exoskeleton market is analyzed and estimated according to the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2018–2025.

The global smart exoskeleton market is segmented based on component, type, body part, region. On the basis of component, the market is fragmented into sensors, actuators, power source, control system, and others. By type, it is classified into upper body, lower body, and full body. Depending on body part, it is classified as industries, healthcare, military and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in this report are ATOUN Inc., BIONIK, CYBERDYNE, INC., Ekso Bionics, Honda Motor Co., Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid. S.L., and U.S. Bionics, Inc.

The report includes the study of the smart exoskeleton market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Key Benefits for Smart Exoskeleton Market:

This study comprises an analytical depiction of the global smart exoskeleton market along with the current trends and future estimations to depict the imminent investment pockets.
The overall market potential is determined to understand the profitable trends to gain a strong foothold in the market.
The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the market.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

Smart Exoskeleton Key Market Segments:

By Component

Sensors
Actuators
Power Source
Control System
Others

By Type

Soft Exoskeleton
Rigid Exoskeleton

By Body Part

Upper Body
Lower Body
Full Body

By Application
Industrial
Healthcare
Military
Others

BY REGION

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

KEY MARKET PLAYERS PROFILED

ATOUN Inc.
BIONIK
CYBERDYNE, INC.
Ekso Bionics
Honda Motor Co. Ltd.
ReWalk Robotics
Rex Bionics Ltd.
Sarcos Corp.
Technaid. S.L.
US Bionics, Inc.
Note: Product cover images may vary from those shown
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CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

CHAPTER 3: MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate-to-high bargaining power of suppliers
3.3.2. Low-to-Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. Moderate intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. MARKET SHARE ANALYSIS, 2017 (%)
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Growing demand in elderly safety body parts.
3.5.1.2. Increasing demand in gait rehabilitation.
3.5.1.3. Increasing demand in industrial body parts
3.5.2. Restraint
3.5.2.1. Problems with affordability
3.5.3. Opportunities
3.5.3.1. Growing initiatives for military body parts

CHAPTER 4: SMART EXOSKELETON MARKET, BY COMPONENT
4.1. OVERVIEW
4.2. SENSORS
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis by country
4.3. ACTUATORS
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis by country
4.4. POWER SOURCE
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis by country
4.5. CONTROL SYSTEM
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast, by region
4.5.3. Market analysis by country
4.6. OTHERS
4.6.1. Key market trends, growth factors, and opportunities
4.6.2. Market size and forecast, by region
4.6.3. Market analysis by country

CHAPTER 5: SMART EXOSKELETON MARKET, BY TYPE
5.1. OVERVIEW
5.2. SOFT EXOSKELETON
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis by country
5.3. RIGID EXOSKELETON
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis by country

CHAPTER 6: SMART EXOSKELETON MARKET, BY BODY PART
6.1. OVERVIEW
6.2. UPPER BODY
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis by country
6.3. LOWER BODY
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis by country
6.4. FULL BODY
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market analysis by country

CHAPTER 7: SMART EXOSKELETON MARKET, BY APPLICATION
7.1. OVERVIEW
7.2. INDUSTRIAL
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis by country
7.3. HEALTHCARE
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis by country
7.4. MILITARY
7.4.1. Key market trends, growth factors and opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis by country
7.5. OTHERS
7.5.1. Key market trends, growth factors and opportunities
7.5.2. Market size and forecast, by region
7.5.3. Market analysis by country

CHAPTER 8: SMART EXOSKELETON MARKET, BY REGION
8.1. OVERVIEW
8.2. NORTH AMERICA
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by Component
8.2.3. Market size and forecast, by Type
8.2.4. Market size and forecast, by Body part
8.2.5. Market size and forecast, by Application
8.2.6. Market analysis by country
8.2.6.1. U.S.
8.2.6.1.1. Market size and forecast, by Component
8.2.6.1.2. Market size and forecast, by Type
8.2.6.1.3. Market size and forecast, by Body part
8.2.6.1.4. Market size and forecast, by Application
8.2.6.2. Canada
8.2.6.2.1. Market size and forecast, by Component
8.2.6.2.2. Market size and forecast, by Type
8.2.6.2.3. Market size and forecast, by Body part
8.2.6.2.4. Market size and forecast, by Application
8.2.6.3. Mexico
8.2.6.3.1. Market size and forecast, by Component
8.2.6.3.2. Market size and forecast, by Type
8.2.6.3.3. Market size and forecast, by Body part
8.2.6.3.4. Market size and forecast, by Application
8.3. EUROPE
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by Component
8.3.3. Market size and forecast, by Type
8.3.4. Market size and forecast, by Body part
8.3.5. Market size and forecast, by Application
8.3.6. Market analysis by country
8.3.6.1. UK
8.3.6.1.1. Market size and forecast, by Component
8.3.6.1.2. Market size and forecast, by Type
8.3.6.1.3. Market size and forecast, by Body part
8.3.6.1.4. Market size and forecast, by Application
8.3.6.2. Germany
8.3.6.2.1. Market size and forecast, by Component
8.3.6.2.2. Market size and forecast, by Type
8.3.6.2.3. Market size and forecast, by Body part
8.3.6.2.4. Market size and forecast, by Application
8.3.6.3. France
8.3.6.3.1. Market size and forecast, by Component
8.3.6.3.2. Market size and forecast, by Type
8.3.6.3.3. Market size and forecast, by Body part
8.3.6.3.4. Market size and forecast, by Application
8.3.6.4. Russia
8.3.6.4.1. Market size and forecast, by Component
8.3.6.4.2. Market size and forecast, by Type
8.3.6.4.3. Market size and forecast, by Body part
8.3.6.4.4. Market size and forecast, by Application
8.3.6.5. Rest of Europe
8.3.6.5.1. Market size and forecast, by Component
8.3.6.5.2. Market size and forecast, by Type
8.3.6.5.3. Market size and forecast, by Body part
8.3.6.5.4. Market size and forecast, by Application
8.4. ASIA-PACIFIC
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by Component
8.4.3. Market size and forecast, by Type
8.4.4. Market size and forecast, by Body part
8.4.5. Market size and forecast, by Application
8.4.6. Market analysis by country
8.4.6.1. China
8.4.6.1.1. Market size and forecast, by Component
8.4.6.1.2. Market size and forecast, by Type
8.4.6.1.3. Market size and forecast, by Body part
8.4.6.1.4. Market size and forecast, by Application
8.4.6.2. Japan
8.4.6.2.1. Market size and forecast, by Component
8.4.6.2.2. Market size and forecast, by Type
8.4.6.2.3. Market size and forecast, by Body part
8.4.6.2.4. Market size and forecast, by Application
8.4.6.3. India
8.4.6.3.1. Market size and forecast, by Component
8.4.6.3.2. Market size and forecast, by Type
8.4.6.3.3. Market size and forecast, by Body part
8.4.6.3.4. Market size and forecast, by Application
8.4.6.4. South Korea
8.4.6.4.1. Market size and forecast, by Component
8.4.6.4.2. Market size and forecast, by Type
8.4.6.4.3. Market size and forecast, by Body part
8.4.6.4.4. Market size and forecast, by Application
8.4.6.5. Rest of Asia-Pacific
8.4.6.5.1. Market size and forecast, by Component
8.4.6.5.2. Market size and forecast, by Type
8.4.6.5.3. Market size and forecast, by Body part
8.4.6.5.4. Market size and forecast, by Application
8.5. LAMEA
8.5.1. Key market trends, growth factors and opportunities
8.5.2. Market size and forecast, by Component
8.5.3. Market size and forecast, by Type
8.5.4. Market size and forecast, by Body part
8.5.5. Market size and forecast, by Application
8.5.6. Market analysis by country
8.5.6.1. Latin America
8.5.6.1.1. Market size and forecast, by Component
8.5.6.1.2. Market size and forecast, by Type
8.5.6.1.3. Market size and forecast, by Body part
8.5.6.1.4. Market size and forecast, by Application
8.5.6.2. Middle East
8.5.6.2.1. Market size and forecast, by Component
8.5.6.2.2. Market size and forecast, by Type
8.5.6.2.3. Market size and forecast, by Body part
8.5.6.2.4. Market size and forecast, by Application
8.5.6.3. Africa
8.5.6.3.1. Market size and forecast, by Component
8.5.6.3.2. Market size and forecast, by Type
8.5.6.3.3. Market size and forecast, by Body part
8.5.6.3.4. Market size and forecast, by Application

CHAPTER 9: COMPANY PROFILE
9.1. ATOUN INC.
9.1.1. Company overview
9.1.2. Company snapshot
9.1.3. Product portfolio
9.1.4. Key strategic moves and developments
9.2. BIONIK
9.2.1. Company overview
9.2.2. Company snapshot
9.2.3. Product portfolio
9.2.4. Business performance
9.2.5. Key strategic moves and developments
9.3. CYBERDYNE, INC.
9.3.1. Company overview
9.3.2. Company snapshot
9.3.3. Product portfolio
9.3.4. Business performance
9.3.5. Key strategic moves and developments
9.4. EKSO BIONICS
9.4.1. Company overview
9.4.2. Company snapshot
9.4.3. Operating business segments
9.4.4. Product portfolio
9.4.5. Business performance
9.4.6. Key strategic moves and developments
9.5. HONDA MOTOR CO., LTD.
9.5.1. Company overview
9.5.2. Company snapshot
9.5.3. Operating business segments
9.5.4. Product portfolio
9.5.5. Business performance
9.5.6. Key strategic moves and developments
9.6. REWALK ROBOTIC
9.6.1. Company overview
9.6.2. Company snapshot
9.6.3. Operating business segments
9.6.4. Product portfolio
9.6.5. Business performance
9.6.6. Key strategic moves and developments
9.7. REX BIONICS LTD.
9.7.1. Company overview
9.7.2. Company snapshot
9.7.3. Product portfolio
9.7.4. Key strategic moves and developments
9.8. SARCOS CORP.
9.8.1. Company overview
9.8.2. Company snapshot
9.8.3. Product portfolio
9.8.4. Key strategic moves and developments
9.9. TECHNAID. S.L.
9.9.1. Company overview
9.9.2. Company snapshot
9.9.3. Product portfolio
9.10. US BIONICS
9.10.1. Company overview
9.10.2. Company snapshot
9.10.3. Product portfolio
9.10.4. Key strategic moves and developments

*Full List of Tables and Figures Available on Enquiry.

Note: Product cover images may vary from those shown
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According to this report titled,'Smart Exoskeleton Market by Component, Type, Body Part and Application: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,' the global smart exoskeleton market was valued at $125.6 million in 2017, and is projected to reach $1,896.8 million by 2025, registering a CAGR of 41.3% from 2018 to 2025.

A smart exoskeleton is a powered system comprising sensors and actuators that use feedback from the wearer to provide enhanced assistance to specific body parts or the entire body while lowering energy expenditure. Smart exoskeletons are extensively deployed for clinical purposes to provide effective exercise and therapy for patients. Smart exoskeletons find their major application in industries where workers are required to perform physically demanding tasks. In addition, these systems are being developed to aid in military body parts by improving physical capabilities of soldiers.

North America dominated the market, followed by Europe. Increase in health needs across North America and rise in number of demand from paraplegics have significantly contributed toward the growth of the smart exoskeleton market in this region. In 2017, the U.S. dominated the North America market, and the UK is expected to lead the overall market in Europe during the forecast period.

Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. Asia-Pacific countries are witnessing surge in demand for exoskeletons for medical purposes. Countries such as China, Japan, and Singapore are involved in developing exoskeleton-related technologies. China dominated the market in 2017. Moreover, smart exoskeleton vendors are focusing on expanding their business in India and other countries. A new exoskeleton suit was developed that allows a Singapore Civil Defense Force (SCDF) firefighter to carry a heavy weight of about 50 kg without any hassle.

The Healthcare sub segment secures the highest share in the application segment in 2017. In the healthcare sector, the use of smart exoskeletons is primarily for helping paralytic individuals to move. Moreover, it is relatively a stable way of walking as compared to the use of crutches or walkers. In addition, another application improving the quality of patients is the assistive technology to enable system-assisted walking or restoration of other motor controls lost due to illness or accidental injury. Among component, Actuators holds the highest market share during the forecast period 2018 - 2025.

Increased demand in gait rehabilitation and surge in demand for elderly safety body parts are the factors expected to drive the growth of the smart exoskeleton market during the forecast period. However, affordability issues are anticipated to restrain the market growth. Conversely, increase in initiatives for adoption of smart exoskeletons in military body parts across the globe is expected to create lucrative opportunities for the key players operating in the smart exoskeleton market.

Key Findings of the Smart Exoskeleton Market:
Based on component, the actuators segment led the global smart exoskeleton market in 2017.
North America is expected to account for the highest revenue in the global market throughout the forecast period.
By application, the healthcare segment dominated the market in 2017.
Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
The key players operating in the smart exoskeleton industry are ATOUN Inc., BIONIK, CYBERDYNE, INC., Ekso Bionics, Honda Motor Co., Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid. S.L., and U.S. Bionics, Inc. Players are adopting various strategies to strengthen their product portfolio and business reach. For instance, In August 2018, ATOUN Inc. launched Powered Wear ATOUN MODEL Y, a wearable robot, which is designed to reduce work-induced burdens from the backs of workers and improve work efficiency. In December 2017, Ekso Bionics entered into a partnership with HASOMED to launch EksoGT exoskeletons functional electrical stimulation (FES) interface capability. The combination of EksoGT with the RehaStim2 FES technology provides clinicians latest advancements in care, which ultimately improves clinical outcomes and patient quality of life.
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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