Washington, USA, July 14, 2022 (GLOBE NEWSWIRE) -- Recent study report released by Data Bridge Market Research titled “Global Smart Exoskeleton Market” (covering USA, Europe, China, Japan, India, South East Asia and etc.) that highlights opportunities, risk analysis, and leveraged with strategic and tactical decision-making support.
The Smart Exoskeleton Market research report has been prepared with the systematic gathering and evaluation of market information which is presented in a form that explains various facts and figures to the business. The market data presented in the report helps to recognize different market opportunities present internationally. This business document provides exact information about market trends, industrial changes, consumer behaviour, etc. Adopting such a market survey report is always beneficial for any company, whether it is a small scale or large scale, for marketing its products or services. Analytical study of the universal Smart Exoskeleton Market report aids in formulating growth strategies to augment sales and build brand image in the market.
Global Smart Exoskeleton Market was valued at USD 13,426.16 million in 2021 and is expected to reach USD 216,264.56 million by 2029, registering a CAGR of 13.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Market Overview:-
Smart exoskeleton is equipped with various types of sensors and electric cable connections in order to control the exoskeleton components. The technology makes use of algorithms to detect motion anomalies in real-time environments that assist in preventing injuries.
A smart exoskeleton refers to a powered wearable suit that is specifically designed for enhancing user safety. They also improve human efficiency to do the respective tasks. The technology uses smart algorithms that are known to adjust to human body motions automatically.
Some of the major players operating in the Smart Exoskeleton Market are
- Esco Bionics (US)
- EXHAUST (Canada)
- SUIT X (US)
- Hocoma (Switzerland)
- Rex Bionics Ltd (New Zealand)
- ReWalk Robotics (Israel)
- RB3D (France)
- Raytheon Company (US)
- PARKER HANNIFIN CORP (US)
- ottobock (Germany)
- Fourier Intelligence Co., Ltd (China)
- DIH Technologies Corporation (US)
- B-Temia (Canada)
- Focal Meditech BV (Netherlands)
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Scope and Market Size:-
The smart exoskeleton market is segmented on the basis of component, type, body part, and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Sensors
- Actuators
- Power Source
- Control System
- Others
Type
- Soft Exoskeleton
- Rigid Exoskeleton
Body Part
- Upper Body
- Lower Body
- Full Body
Application
- Industrial
- Healthcare
- Military
- Others
Smart Exoskeleton Market Regional Analysis/Insights
The smart exoskeleton market is analyzed and market size insights and trends are provided by country, component, type, body part, and application as referenced above.
The countries covered in the smart exoskeleton market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
North America dominates the smart exoskeleton market because of the growing disabilities in the region and higher investments by the private organizations and government agencies within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the geriatric population in the region requiring the exoskeleton for rehabilitation in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries.
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Highlights of the Following Key Factors:-
- Business description
A detailed description of the company’s operations and business divisions
- Corporate strategy
Analyst’s summarization of the company’s business strategy
- Company history
Progression of key events associated with the company
- Major products and services
A list of major products, services and brands of the company
- Key competitors
A list of key competitors to the company
- Important locations and subsidiaries
A list and contact details of key locations and subsidiaries of the company
- Detailed financial ratios for the past 5 years
The latest financial ratios derived from the annual financial statements published by the company with 5 years’ history.
Smart Exoskeleton Market Dynamics
Drivers
- Application of Smart Exoskeleton
The expansion in the requirement for the application of smart exoskeleton in the restoration of individuals undergoing bodily inabilities and neurological dysfunctions is the influential determinant stimulating the germination of the smart exoskeleton industry. Furthermore, it facilitates the aged people to step with comfort and limit fall-related damages.
- Increase in Target Population
The increase in the number of target population across the globe accelerate the smart exoskeleton market. The rise in number of accidents causing disabilities have a positive impact on the market. The surge in geriatric population further influence the market as the elderly population are more prone to chronic diseases.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Smart Exoskeleton Market Landscape
Part 04: Global Smart Exoskeleton Market Sizing
Part 05: Global Smart Exoskeleton Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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