According to the new report by IMARC Group, titled “Exoskeleton System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global exoskeleton market is expected to grow at a CAGR of 40% during 2020-2025. The global market reached the value of US$ 280 Million in 2019.
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.
Exoskeleton System Market’s Growth Drivers:
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 exoskeletons system 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.
Get a PDF sample for more detailed market insights: https://www.imarcgroup.com/exoskeleton-system-market/requestsample
Exoskeleton System Market 2020-2025 Competitive Analysis and Segmentation:
Competitive Landscape:
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
Suitx
Gogoa Mobility Solutions
Exhauss
Atoun
Fourier Intelligence
Honda Motor
Daiya Industry Company
Mitsubishi Heavy Industries
Rex Bionics
Myomo
Gobio Robot
Parker Hannifin
Wandercraft
P&S Mechanics
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
Explore report description with table of contents @ https://www.imarcgroup.com/exoskeleton-system-market
Key highlights of the report:
Market Performance (2014-2019)
Market Outlook (2020- 2025)
The Impact of COVID-19 on the Global Market
Market Drivers and Success Factors
Value Chain
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.
Browse Related Report:
https://www.imarcgroup.com/automatic-identification-data-capture-market
https://www.imarcgroup.com/data-acquisition-system-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group