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Smart Exoskeleton Market Key Highlights and Future Opportunities

The global smart exoskeleton market size was valued at USD 3,345.3 million in 2018 and is expected to reach USD 5,290.1 Million by the end of the forecast period at a CAGR of 8.2%.

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Smart Exoskeleton Market Key Highlights and Future Opportunities

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  1. Smart Exoskeleton Market Research Report By Forecast To 2024 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2024 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

  2. Smart Exoskeleton Market Forecast To 2024 Smart Exoskeleton Market Overview The global smart exoskeleton market size was valued at USD 3,345.3 million in 2018 and is expected to reach USD 5,290.1 Million by the end of the forecast period at a CAGR of 8.2%. A smart exoskeleton is a wearable mechanical device, equipped with electric motors, levers, hydraulic systems, and simulation software, used to increase the strength of limbs. These devices imitate the structure of human limbs, muscles, and joints, thereby enabling users to carry out tasks promptly and efficiently. Smart exoskeletons, along with advanced technologies, identify and track the movements of the wearer, and provide the necessary assistance. Previously, these exoskeletons were used for different military and defense applications but now, their use cases have expanded to medical rehabilitation and mobility for individuals with paraplegic disorders. The growth of smart exoskeleton industry has increased owing to the rising adoption of exoskeletons by individuals suffering from physical disabilities and neurological disorders. Moreover, the increasing geriatric population has resulted in an increase in the number of fall-related injuries and similar instances.  Free Report Sample @ https://www.marketresearchfuture.com/sample_request/7979 www.marketresearchfuture.com

  3. Smart Exoskeleton Market Forecast To 2024 Segmental Analysis The smart exoskeleton is a wearable device that consists of sensors and actuators to monitor and control the movements of individuals suffering from gait abnormalities and similar physical disorders. In the past, the design of these exoskeletons was sturdy and rigid, which enabled the wearer to prevent falls and severe injuries. Increasing demand for worker’s safety in industrial applications is projected to fuel the growth of the smart exoskeleton market. Also, the rising adoption of exoskeletons by elderly and differently abled population is fuelling market growth. However, high costs of smart exoskeletons along with stringent government regulations are hampering the market growth. MRFR has identified a few companies as prominent players in the global smart exoskeleton market. These include Ekso Bionics Holdings, Inc. (US), ReWalk Robotics (US), Ottobock (Germany), Lockheed Martin Corporation (US), Parker Hannifin Corp. (US), CYBERDYNE Inc. (Japan), DIH Technologies Corporation (China), Rex Bionics Ltd. (UK), Hyundai Motor Company (South Korea), US Bionics (US), Gogoa.eu (Spain), ATOUN Inc. (Japan), RB3D (France), BIONIK (Canada), and Honda Motor Co., Ltd (Japan). These companies are analyzed on the basis of their geographic presence, origin, product portfolio, key developments, and expertise in smart exoskeleton solutions. Apart from the above-mentioned players, Sarcos Corp. (US), Technaid SL (Spain), Hocoma (Switzerland), Focal Meditech (Netherlands), Wearable Robotics SRL (Italy), and B-TEMIA Inc. (Canada) also  have a significant presence in the global smart exoskeleton market. The rising adoption of exoskeletons by differently abled patients and elderly people are factors that contribute to the growth of smart exoskeleton market. www.marketresearchfuture.com

  4. Smart Exoskeleton Market Forecast To 2024 Segmental Analysis The global smart exoskeleton market has been segmented on the basis of type, component, application, vertical, and region. By type, the global smart exoskeleton market has been segmented into ultra-soft exoskeletons, soft exoskeletons, and rigid exoskeletons. By component, the global smart exoskeleton market has been bifurcated into hardware and software. Furthermore, the hardware segment has been segmented into sensors, actuators, power source, control systems, and others. Based on application, the global smart exoskeleton market has been segmented into upper limbs, lower limbs, and full body. By vertical, the global smart exoskeleton market has been segmented into industrial, healthcare, military, and others. By region, the global smart exoskeleton market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. The market for smart exoskeleton is estimated to witness rapid growth during the forecast period from 2019 to 2024. The geographic analysis of smart exoskeleton market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis, North America is expected to contribute the highest share to the growth of smart exoskeleton market during the forecast period. The region has witnessed a high adoption of these exoskeletons for medical and industrial use in the US and Canada, resulting in the growth of the market in North America. On the other hand, the market in Asia-Pacific  is expected to register the highest CAGR during the forecast period. The proliferation of automation, industrial IoT, and similar technologies in the industrial sector have encouraged enterprises to opt for smart exoskeletons to ease the manual work carried out in industries. Moreover, the aging population in China and Japan is highly susceptible to experience physical disabilities, and hence is expected to increasingly adopt the smart exoskeletons in the near future. Regional Analysis www.marketresearchfuture.com

  5. Smart Exoskeleton Market Forecast To 2024 Competitive Analysis The companies operating in the smart exoskeleton market are focused on developing highly efficient and reliable designs that could help the wearer with high mobility and ease of access. The manufacturers in the exoskeleton industry emphasize integrating highly advanced hardware components to develop a smart, rugged, and technically advanced exoskeleton. Also, these manufacturers emphasize gaining approvals from government and regulatory authorities to distribute their products across the globe. The manufacturers also follow on inorganic growth approaches such as acquisitions, partnerships, joint ventures, and collaborations to expand their geographic presence and gain a competitive advantage in the global smart exoskeleton market. Browse Report @ https://www.marketresearchfuture.com/reports/smart-exoskeleton-market-7979 www.marketresearchfuture.com

  6. ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com Copyright © 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future. www.marketresearchfuture.com

  7. MARKET RESEARCH FUTURE THANK YOU salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US) Ph: +44 208 133 9349 (UK) www.marketresearchfuture.com

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