Exoskeleton Robots Market
PUBLISHED: 2022 ID: SMRC20419
SHARE
SHARE

Exoskeleton Robots Market

Exoskeleton Robots Market Forecasts to 2028 – Global Analysis By Type (Upper Extremities, Lower Extremities, Full Body), Mobility (Mobile, Stationary), Power (Powered, Passive), End User and By Geography

4.2 (80 reviews)
4.2 (80 reviews)
Published: 2022 ID: SMRC20419

This report covers the impact of COVID-19 on this global market
Loading...

Years Covered

2020-2028

Estimated Year Value (2021)

US $360.44 MN

Projected Year Value (2028)

US $2261.69 MN

CAGR (2021 - 2028)

33.0%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Exoskeleton Robots Market is accounted for $360.44 million in 2021 and is expected to reach $2,261.69 million by 2028 growing at a CAGR of 33.0% during the forecast period. Robotic exoskeletons are wearable ambulatory machines that rely on mechanical structures, rotors, levers and hydraulics to move stiff body parts and help users in performing routine tasks with high endurance and strength. These external skeletons use artificial intelligence and sensors to detect bio-neurotic signals from the brain and trigger the frame to move in line with specific instructions like sitting, standing or lifting an object.



Market Dynamics:

Driver:

Rising demand from the healthcare industry


The utilization of exoskeletons for such purposes has grown, in part, due to the increase in the number of people with physical disabilities, especially the geriatric population. Robot-assisted therapy systems are being increasingly used in rehabilitation processes as they provide countless benefits in performing repeated movements during goal-directed tasks, the evaluation of different physiological and functional parameters during rehabilitation exercises, improving motivation, and assisting home exercises and training.

Restraint:

Regulatory challenges


Manufacturers’ skills and expertise pertaining to technical designing can matter during the testing of the product. The malfunctioning of a medical device can lead to life-threatening consequences, and hence, exoskeletons developed for healthcare applications need to be thoroughly examined. User safety and device reliability are the main concerns in the development and regulation of medical devices. Currently, there are a few standards that are directly applicable to the exoskeleton industry. The FDA recognizes ISO standards that are applicable to relevant industries, and only products that receive regulatory approvals can be sold in the market.

Opportunity:

Growing inclination for human augmentation equipment


As exoskeleton systems can enhance powerlifting, load carrying, and endurance functions; the market has received a series of funding from the department of defense of several nations. Various exoskeletons developed to date are effectively designed and tested for mechanical structure (accessories such as guns, dead weight, devices, and others) and support soldiers in augmenting main body strength. Moreover, the market for exoskeletons is exhibiting an upbeat growth outlook, which, coupled with growing awareness about these devices in different fields, is attracting more investments in the industry—especially from private venture capitalists. Also, exoskeletons provide very strong load-supporting assistance with the freedom of decoupling the load at the same time. Such features of exoskeletons aid soldiers in carrying heavy loads.

Threat:

High cost of equipment


The degree of usability of exoskeletons is a big issue being faced by the industry as exoskeletons are slow and cumbersome. Cost acts as a barrier for the adoption of exoskeletons for rehabilitation among people with disabilities in low-income countries. Technological advancements have played a big role in the development of cost-efficient and affordable exoskeletons; however, they are yet to reach their market potential. A patient with a lower limb disability will have to pay a high price for an exoskeleton power suit for robotic rehabilitation, along with the supervision session conducted by physiotherapists, who are trained to work with power suits. A patient will have to pay for the exoskeleton and other standard medical expenses such as surgery and hospital stay, making the use of the exoskeleton incredibly expensive. Therefore, the companies in the industry are focusing on R&D to develop cost-efficient exoskeleton solutions.

The software segment is expected to be the largest during the forecast period

The software segment is estimated to have a lucrative growth. At present, a number of software packages suited to ergonomic simulation are available in the market. In response to the limitations of traditional design tools, software providers now offer a number of 3D CAD software packages for exoskeletons. These digital human modeling (DHM) software tools enable models of humans to interact with virtual products and workplaces in a CAD environment. The technological advancements will lead to an increase in complexities in exoskeletons in terms of inter-device connectivity, artificial intelligence (AI), and autonomous operations; the value of software in the overall exoskeleton market will increase more than that of hardware, as the software will assist such complex functionalities in processing efficiently and accurately.

The mobile segment is expected to have the highest CAGR during the forecast period

The mobile segment is anticipated to witness the fastest CAGR growth during the forecast period.  Lower extremity exoskeletons developed for human locomotion assistance are used to help patients who have completely lost mobility in the lower limbs due to conditions such as spinal cord injury (SCI), multiple sclerosis, etc. Some of the most widely used mobile exoskeleton technologies developed for users who have lower-limb mobility impairments are ReWalk, Rex, Indego, Ekso, HAL, Atlas, and others. The basic purpose of using exoskeletons is to provide mobility to people, which can be achieved only by using mobile exoskeletons; hence, the demand for mobile exoskeletons is more than the stationary ones. The application of stationary exoskeletons is limited only to therapies related to healthcare or is used for training purposes in some other verticals. The healthcare vertical is a major consumer of mobile exoskeletons.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the adoption of exoskeletons for rehabilitation and personal assistance applications. In addition, Asia Pacific is the manufacturing hub of various industries; hence, growing industrial automation in the region will generate a huge demand for exoskeletons. Also, China and South Korea are increasing their spending on the defense sector to stay competitive and enhance their defense mechanism. These countries are likely to deploy exoskeletons for military applications in the near future to counter the impact of nuclear wars. Additionally, government support for the development of robotics would also support the growth of the exoskeleton market in the region.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. Growth in North America region is being driven by major contribution from the US, rising aging population and high purchasing power of people. The market demand is propelled by increasing cases of spinal cord injury and stroke along with associated disabilities. Increasing awareness about these options and regulatory approval for medical exoskeletons are poised to fuel demand, while increasing number of rehabilitation centers to serve people with spinal cord injuries, stroke, traumatic brain surgeries, cerebral palsy and multiple sclerosis are expected to bolster the market. Improvements in healthcare infrastructure, a massive patient pool and government funding for medical devices are the major factors fuelling growth in this region.



Key players in the market

Some of the key players profiled in the Exoskeleton Robots Market include Bionik Laboratories Corp, Cyberdyne Inc, US Bionics Inc, Hocoma Ag, Honda Motor Co., Ltd, Ekso Bionics Holdings Inc, Myomo Inc, Parker-Hannifin Corp, Rewalk Robotics Ltd, Rex Bionics Ltd, Lockheed Martin Corp, Toyota Motor Corporation, Panasonic Corporation, Ottobock, and DIH.

Key Developments:

In March 2021, Ekso Bionics announced a partnership with US Physiatry (USP) to educate physicians on the clinical benefits of an EksoNR exoskeleton. USP is the largest in-patient physician practice in the US, focused exclusively on physical medicine and rehabilitation.

In April 2021, Ottobock launched the Paexo Shoulder Jacket, Paexo Cool Sleeve, and Paexo Thumb Slim at the Hannover Messe Digital Edition 2021 event. These devices provide significant relief for the body during strenuous activities such as overhead work or lifting packages.

In March 2021, DIH entered into a strategic partnership agreement with Reha Technology. Under this agreement, DIH agreed to take over the distribution of Reha Technology’s robotics products and promote and distribute Reha Technology´s end-effector-based gait therapy devices in key markets such as Switzerland, Germany, and the US.

In March 2021, Cyberdyne Inc and Jiksak Bioengineering, Inc., a company that develops neuron-related technologies, formed a capital and business alliance (CYBERDYNE’s investment in Jiksak).
 
Types Covered:
• Upper Extremities
• Lower Extremities
• Full Body
 
Mobilities Covered:
• Mobile
• Stationary
 
Powers Covered:
• Powered
• Passive
 
End Users Covered:
• Construction
• Consumer
• Defense
• Healthcare / Medical
• Industrial
• Military
• Personal Use

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary        
          
2 Preface         

 2.1 Abstract        
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology      
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources     
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
          
3 Market Trend Analysis       
 3.1 Introduction       
 3.2 Drivers        
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats        
 3.6 End User Analysis       
 3.7 Emerging Markets        
 3.8 Impact of Covid-19       
          
4 Porters Five Force Analysis       
 4.1 Bargaining power of suppliers      
 4.2 Bargaining power of buyers      
 4.3 Threat of substitutes      
 4.4 Threat of new entrants      
 4.5 Competitive rivalry       
          
5 Global Exoskeleton Robots Market, By Type     
 5.1 Introduction       
 5.2 Upper Extremities       
 5.3 Lower Extremities       
 5.4 Full Body        
          
6 Global Exoskeleton Robots Market, By Mobility     
 6.1 Introduction       
 6.2 Mobile        
 6.3 Stationary       
          
7 Global Exoskeleton Robots Market, By Power     
 7.1 Introduction       
 7.2 Powered        
 7.3 Passive        
          
8 Global Exoskeleton Robots Market, By End User      
 8.1 Introduction       
 8.2 Construction       
 8.3 Consumer       
 8.4 Defense        
 8.5 Healthcare / Medical      
 8.6 Industrial        
 8.7 Military        
 8.8 Personal Use       
          
9 Global Exoskeleton Robots Market, By Geography     
 9.1 Introduction       
 9.2 North America       
  9.2.1 US       
  9.2.2 Canada       
  9.2.3 Mexico       
 9.3 Europe        
  9.3.1 Germany       
  9.3.2 UK       
  9.3.3 Italy       
  9.3.4 France       
  9.3.5 Spain       
  9.3.6 Rest of Europe      
 9.4 Asia Pacific       
  9.4.1 Japan       
  9.4.2 China       
  9.4.3 India       
  9.4.4 Australia       
  9.4.5 New Zealand      
  9.4.6 South Korea      
  9.4.7 Rest of Asia Pacific      
 9.5 South America       
  9.5.1 Argentina      
  9.5.2 Brazil       
  9.5.3 Chile       
  9.5.4 Rest of South America     
 9.6 Middle East & Africa      
  9.6.1 Saudi Arabia      
  9.6.2 UAE       
  9.6.3 Qatar       
  9.6.4 South Africa      
  9.6.5 Rest of Middle East & Africa     
          
10 Key Developments        
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 10.2 Acquisitions & Mergers      
 10.3 New Product Launch      
 10.4 Expansions       
 10.5 Other Key Strategies      
          
11 Company Profiling        
 11.1 Bionik Laboratories Corp      
 11.2 Cyberdyne Inc       
 11.3 US Bionics Inc       
 11.4 Hocoma Ag       
 11.5 Honda Motor Co., Ltd      
 11.6 Ekso Bionics Holdings Inc      
 11.7 Myomo Inc       
 11.8 Parker-Hannifin Corp      
 11.9 Rewalk Robotics Ltd       
 11.10 Rex Bionics Ltd       
 11.11 Lockheed Martin Corp      
 11.12 Toyota Motor Corporation      
 11.13 Panasonic Corporation      
 11.14 Ottobock        
 11.15 DIH        


List of Tables         
1 Global Exoskeleton Robots Market Outlook, By Region (2020-2028) ($MN)  
2 Global Exoskeleton Robots Market Outlook, By Type (2020-2028) ($MN)   
3 Global Exoskeleton Robots Market Outlook, By Upper Extremities (2020-2028) ($MN) 
4 Global Exoskeleton Robots Market Outlook, By Lower Extremities (2020-2028) ($MN) 
5 Global Exoskeleton Robots Market Outlook, By Full Body (2020-2028) ($MN)  
6 Global Exoskeleton Robots Market Outlook, By Mobility (2020-2028) ($MN)  
7 Global Exoskeleton Robots Market Outlook, By Mobile (2020-2028) ($MN)  
8 Global Exoskeleton Robots Market Outlook, By Stationary (2020-2028) ($MN)  
9 Global Exoskeleton Robots Market Outlook, By Power (2020-2028) ($MN)  
10 Global Exoskeleton Robots Market Outlook, By Powered (2020-2028) ($MN)  
11 Global Exoskeleton Robots Market Outlook, By Passive (2020-2028) ($MN)  
12 Global Exoskeleton Robots Market Outlook, By End User (2020-2028) ($MN)  
13 Global Exoskeleton Robots Market Outlook, By Construction (2020-2028) ($MN)  
14 Global Exoskeleton Robots Market Outlook, By Consumer (2020-2028) ($MN)  
15 Global Exoskeleton Robots Market Outlook, By Defense (2020-2028) ($MN)  
16 Global Exoskeleton Robots Market Outlook, By Healthcare / Medical (2020-2028) ($MN) 
17 Global Exoskeleton Robots Market Outlook, By Industrial (2020-2028) ($MN)  
18 Global Exoskeleton Robots Market Outlook, By Military (2020-2028) ($MN)  
19 Global Exoskeleton Robots Market Outlook, By Personal Use (2020-2028) ($MN)  
20 North America Exoskeleton Robots Market Outlook, By Country (2020-2028) ($MN)  
21 North America Exoskeleton Robots Market Outlook, By Type (2020-2028) ($MN)  
22 North America Exoskeleton Robots Market Outlook, By Upper Extremities (2020-2028) ($MN) 
23 North America Exoskeleton Robots Market Outlook, By Lower Extremities (2020-2028) ($MN) 
24 North America Exoskeleton Robots Market Outlook, By Full Body (2020-2028) ($MN) 
25 North America Exoskeleton Robots Market Outlook, By Mobility (2020-2028) ($MN) 
26 North America Exoskeleton Robots Market Outlook, By Mobile (2020-2028) ($MN)  
27 North America Exoskeleton Robots Market Outlook, By Stationary (2020-2028) ($MN) 
28 North America Exoskeleton Robots Market Outlook, By Power (2020-2028) ($MN)  
29 North America Exoskeleton Robots Market Outlook, By Powered (2020-2028) ($MN) 
30 North America Exoskeleton Robots Market Outlook, By Passive (2020-2028) ($MN)  
31 North America Exoskeleton Robots Market Outlook, By End User (2020-2028) ($MN) 
32 North America Exoskeleton Robots Market Outlook, By Construction (2020-2028) ($MN) 
33 North America Exoskeleton Robots Market Outlook, By Consumer (2020-2028) ($MN) 
34 North America Exoskeleton Robots Market Outlook, By Defense (2020-2028) ($MN) 
35 North America Exoskeleton Robots Market Outlook, By Healthcare / Medical (2020-2028) ($MN)
36 North America Exoskeleton Robots Market Outlook, By Industrial (2020-2028) ($MN) 
37 North America Exoskeleton Robots Market Outlook, By Military (2020-2028) ($MN)  
38 North America Exoskeleton Robots Market Outlook, By Personal Use (2020-2028) ($MN) 
39 Europe Exoskeleton Robots Market Outlook, By Country (2020-2028) ($MN)  
40 Europe Exoskeleton Robots Market Outlook, By Type (2020-2028) ($MN)   
41 Europe Exoskeleton Robots Market Outlook, By Upper Extremities (2020-2028) ($MN) 
42 Europe Exoskeleton Robots Market Outlook, By Lower Extremities (2020-2028) ($MN) 
43 Europe Exoskeleton Robots Market Outlook, By Full Body (2020-2028) ($MN)  
44 Europe Exoskeleton Robots Market Outlook, By Mobility (2020-2028) ($MN)  
45 Europe Exoskeleton Robots Market Outlook, By Mobile (2020-2028) ($MN)  
46 Europe Exoskeleton Robots Market Outlook, By Stationary (2020-2028) ($MN)  
47 Europe Exoskeleton Robots Market Outlook, By Power (2020-2028) ($MN)  
48 Europe Exoskeleton Robots Market Outlook, By Powered (2020-2028) ($MN)  
49 Europe Exoskeleton Robots Market Outlook, By Passive (2020-2028) ($MN)  
50 Europe Exoskeleton Robots Market Outlook, By End User (2020-2028) ($MN)  
51 Europe Exoskeleton Robots Market Outlook, By Construction (2020-2028) ($MN)  
52 Europe Exoskeleton Robots Market Outlook, By Consumer (2020-2028) ($MN)  
53 Europe Exoskeleton Robots Market Outlook, By Defense (2020-2028) ($MN)  
54 Europe Exoskeleton Robots Market Outlook, By Healthcare / Medical (2020-2028) ($MN) 
55 Europe Exoskeleton Robots Market Outlook, By Industrial (2020-2028) ($MN)  
56 Europe Exoskeleton Robots Market Outlook, By Military (2020-2028) ($MN)  
57 Europe Exoskeleton Robots Market Outlook, By Personal Use (2020-2028) ($MN)  
58 Asia Pacific Exoskeleton Robots Market Outlook, By Country (2020-2028) ($MN)  
59 Asia Pacific Exoskeleton Robots Market Outlook, By Type (2020-2028) ($MN)  
60 Asia Pacific Exoskeleton Robots Market Outlook, By Upper Extremities (2020-2028) ($MN) 
61 Asia Pacific Exoskeleton Robots Market Outlook, By Lower Extremities (2020-2028) ($MN) 
62 Asia Pacific Exoskeleton Robots Market Outlook, By Full Body (2020-2028) ($MN)  
63 Asia Pacific Exoskeleton Robots Market Outlook, By Mobility (2020-2028) ($MN)  
64 Asia Pacific Exoskeleton Robots Market Outlook, By Mobile (2020-2028) ($MN)  
65 Asia Pacific Exoskeleton Robots Market Outlook, By Stationary (2020-2028) ($MN)  
66 Asia Pacific Exoskeleton Robots Market Outlook, By Power (2020-2028) ($MN)  
67 Asia Pacific Exoskeleton Robots Market Outlook, By Powered (2020-2028) ($MN)  
68 Asia Pacific Exoskeleton Robots Market Outlook, By Passive (2020-2028) ($MN)  
69 Asia Pacific Exoskeleton Robots Market Outlook, By End User (2020-2028) ($MN)  
70 Asia Pacific Exoskeleton Robots Market Outlook, By Construction (2020-2028) ($MN) 
71 Asia Pacific Exoskeleton Robots Market Outlook, By Consumer (2020-2028) ($MN)  
72 Asia Pacific Exoskeleton Robots Market Outlook, By Defense (2020-2028) ($MN)  
73 Asia Pacific Exoskeleton Robots Market Outlook, By Healthcare / Medical (2020-2028) ($MN) 
74 Asia Pacific Exoskeleton Robots Market Outlook, By Industrial (2020-2028) ($MN)  
75 Asia Pacific Exoskeleton Robots Market Outlook, By Military (2020-2028) ($MN)  
76 Asia Pacific Exoskeleton Robots Market Outlook, By Personal Use (2020-2028) ($MN) 
77 South America Exoskeleton Robots Market Outlook, By Country (2020-2028) ($MN)  
78 South America Exoskeleton Robots Market Outlook, By Type (2020-2028) ($MN)  
79 South America Exoskeleton Robots Market Outlook, By Upper Extremities (2020-2028) ($MN) 
80 South America Exoskeleton Robots Market Outlook, By Lower Extremities (2020-2028) ($MN) 
81 South America Exoskeleton Robots Market Outlook, By Full Body (2020-2028) ($MN) 
82 South America Exoskeleton Robots Market Outlook, By Mobility (2020-2028) ($MN) 
83 South America Exoskeleton Robots Market Outlook, By Mobile (2020-2028) ($MN)  
84 South America Exoskeleton Robots Market Outlook, By Stationary (2020-2028) ($MN) 
85 South America Exoskeleton Robots Market Outlook, By Power (2020-2028) ($MN)  
86 South America Exoskeleton Robots Market Outlook, By Powered (2020-2028) ($MN) 
87 South America Exoskeleton Robots Market Outlook, By Passive (2020-2028) ($MN)  
88 South America Exoskeleton Robots Market Outlook, By End User (2020-2028) ($MN) 
89 South America Exoskeleton Robots Market Outlook, By Construction (2020-2028) ($MN) 
90 South America Exoskeleton Robots Market Outlook, By Consumer (2020-2028) ($MN) 
91 South America Exoskeleton Robots Market Outlook, By Defense (2020-2028) ($MN) 
92 South America Exoskeleton Robots Market Outlook, By Healthcare / Medical (2020-2028) ($MN)
93 South America Exoskeleton Robots Market Outlook, By Industrial (2020-2028) ($MN) 
94 South America Exoskeleton Robots Market Outlook, By Military (2020-2028) ($MN)  
95 South America Exoskeleton Robots Market Outlook, By Personal Use (2020-2028) ($MN) 
96 Middle East & Africa Exoskeleton Robots Market Outlook, By Country (2020-2028) ($MN) 
97 Middle East & Africa Exoskeleton Robots Market Outlook, By Type (2020-2028) ($MN) 
98 Middle East & Africa Exoskeleton Robots Market Outlook, By Upper Extremities (2020-2028) ($MN)
99 Middle East & Africa Exoskeleton Robots Market Outlook, By Lower Extremities (2020-2028) ($MN)
100 Middle East & Africa Exoskeleton Robots Market Outlook, By Full Body (2020-2028) ($MN) 
101 Middle East & Africa Exoskeleton Robots Market Outlook, By Mobility (2020-2028) ($MN) 
102 Middle East & Africa Exoskeleton Robots Market Outlook, By Mobile (2020-2028) ($MN) 
103 Middle East & Africa Exoskeleton Robots Market Outlook, By Stationary (2020-2028) ($MN) 
104 Middle East & Africa Exoskeleton Robots Market Outlook, By Power (2020-2028) ($MN) 
105 Middle East & Africa Exoskeleton Robots Market Outlook, By Powered (2020-2028) ($MN) 
106 Middle East & Africa Exoskeleton Robots Market Outlook, By Passive (2020-2028) ($MN) 
107 Middle East & Africa Exoskeleton Robots Market Outlook, By End User (2020-2028) ($MN) 
108 Middle East & Africa Exoskeleton Robots Market Outlook, By Construction (2020-2028) ($MN) 
109 Middle East & Africa Exoskeleton Robots Market Outlook, By Consumer (2020-2028) ($MN) 
110 Middle East & Africa Exoskeleton Robots Market Outlook, By Defense (2020-2028) ($MN) 
111 Middle East & Africa Exoskeleton Robots Market Outlook, By Healthcare / Medical (2020-2028) ($MN)
112 Middle East & Africa Exoskeleton Robots Market Outlook, By Industrial (2020-2028) ($MN) 
113 Middle East & Africa Exoskeleton Robots Market Outlook, By Military (2020-2028) ($MN) 
114 Middle East & Africa Exoskeleton Robots Market Outlook, By Personal Use (2020-2028) ($MN) 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

Frequently Asked Questions

In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.

Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.

All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929

We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

We have 3 different licensing options available in electronic format.

  • Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
  • 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
  • Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.

All our reports are typically be emailed to you as an attachment.

To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.

We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.

Request Customization

We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.

Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.

WHY CHOOSE US ?

Assured Quality

Assured Quality

Best in class reports with high standard of research integrity

24X7 Research Support

24X7 Research Support

Continuous support to ensure the best customer experience.

Free Customization

Free Customization

Adding more values to your product of interest.

Safe and Secure Access

Safe & Secure Access

Providing a secured environment for all online transactions.

Trusted by 600+ Brands

Trusted by 600+ Brands

Serving the most reputed brands across the world.

Testimonials