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Smart Exoskeleton Market

Smart Exoskeleton Market Forecasts to 2028 – Global Analysis By Technology (Shape Memory Alloy Actuator, Hydraulic), Application (Pick & Carry, Rehabilitation), End User (Military, Healthcare) and By Geography

4.4 (62 reviews)
Published: July 2021 ID: SMRC20751
4.4 (62 reviews)
Published: July 2021 ID: SMRC20751

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Smart Exoskeleton Market is accounted for $347.64 million in 2020 and is expected to reach $4,928.74 million by 2028 growing at a CAGR of 39.3% during the forecast period. High demand for use in clinical purposes and industrial body parts and increasing demand for use of smart exoskeletons in rehabilitation of people suffering from physical disabilities and neurological disorders are driving the market growth. However, high equipment cost and stringent government regulations for exoskeletons are hampering the growth of the market.
 
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. This exoskeleton makes use of smart algorithms, which automatically adjust to human body motions and further help in achieving optimal performance.
 
Based on the end user, the military segment is going to have lucrative growth during the forecast period as military organizations adopting these devices allow them to transfer load efficiently and these devices facilitate better performance while reducing soldier exertion. Smart exoskeletons that can be easily attached to the lower body are finding their application in military body parts. By geography, North America is going to have high growth during the forecast period owing to the increasing investments to develop smart, innovative, and energy-efficient exoskeleton, well-developed health care infrastructure and early availability of advanced technology products.

Some of the key players profiled in the Smart Exoskeleton Market include US Bionics, Inc., Technaid. S.L., Sarcos Corp., Rex Bionics Ltd., Honda Motor Co. Ltd., Ekso Bionics, CYBERDYNE, INC., BIONIK, ATOUN Inc. and ReWalk Robotics.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 347.64 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

39.3%

Predicted 2028 Value:

USD 4,928.74 million

Forecast Years:

2021-2028

Tables, Graphs& Figures

199

Chapters Covered:

Component , Product, Technology, Extremity, Application, End User and Region

Core Drivers and Opportunities:

  • Increasing demand for use of smart exoskeletons in rehabilitation of people suffering from physical disabilities
  • High demand for use in clinical purposes
  • Surge in initiatives for military body parts

Restraining Factors & Market Threats:

  • Stringent government regulations for exoskeletons
  • High equipment cost


Components Covered:
• Software
• Hardware

Products Covered:
• Ultra-Soft Exoskeleton
• Soft Smart Exoskeleton
• Rigid Smart Exoskeleton   

Technologies Covered:
• Shape Memory Alloy Actuator
• Pneumatic Actuator
• Electric Servo
• Hydraulic
• Fully Mechanical
• Electric Actuator  

Extremities Covered:
• Upper Extremity
• Lower Extremity
• Full Body Extremity

Applications Covered:
• Pick & Carry
• Rehabilitation 

End Users Covered:
• Residential
• Military
• Industrial
• Healthcare
• Commercial

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 2019, 2020, 2021, 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

Key Questions Answered In The Report

The Global Smart Exoskeleton Market is majorly driven by increasing demand for use of smart exoskeletons in rehabilitation of people suffering from physical disabilities and neurological disorders, high demand for use in clinical purposes and surge in initiatives for military body parts.

The military segment is growing at a highest CAGR owing to the high adoption o f smart exoskeleton in military organizations to transfer load efficiently and these devices facilitate better performance while reducing soldier exertion. Smart exoskeletons that can be easily attached to the lower body are finding their application in military body parts.

North America dominated with a significant market share due to the well-developed health care infrastructure, increasing investments to develop smart, innovative, and energy-efficient exoskeleton and early availability of advanced technology products.

Asia Pacific market is growing at a highest CAGR owing to the escalating prevalence of stroke and the growing disposable earnings, and availability of ministry expenditure for the large pool of sufferers is helping the market to grow in the region.

Key players in Smart Exoskeleton Market include US Bionics, Inc., Technaid. S.L., Sarcos Corp., Rex Bionics Ltd., Honda Motor Co. Ltd., Ekso Bionics, CYBERDYNE, INC., BIONIK, ATOUN Inc. and ReWalk Robotics.

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 Product Analysis            
 3.7 Technology Analysis           
 3.8 Application Analysis           
 3.9 End User Analysis            
 3.10 Emerging Markets            
 3.11 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 Smart Exoskeleton Market, By Component          
 5.1 Introduction            
 5.2 Software             
 5.3 Hardware             
  5.3.1 Sensors            
  5.3.2 Power Source           
  5.3.3 Control System           
  5.3.4 Actuators            
               
6 Global Smart Exoskeleton Market, By Product          
 6.1 Introduction            
 6.2 Ultra-Soft Exoskeleton           
 6.3 Soft Smart Exoskeleton           
 6.4 Rigid Smart Exoskeleton           
               
7 Global Smart Exoskeleton Market, By Technology          
 7.1 Introduction            
 7.2 Shape Memory Alloy Actuator           
 7.3 Pneumatic Actuator            
 7.4 Electric Servo            
 7.5 Hydraulic             
 7.6 Fully Mechanical            
 7.7 Electric Actuator            
               
8 Global Smart Exoskeleton Market, By Extremity          
 8.1 Introduction            
 8.2 Upper Extremity            
 8.3 Lower Extremity            
 8.4 Full Body Extremity            
               
9 Global Smart Exoskeleton Market, By Application          
 9.1 Introduction            
 9.2 Pick & Carry            
 9.3 Rehabilitation            
               
10 Global Smart Exoskeleton Market, By End User          
 10.1 Introduction            
 10.2 Residential            
 10.3 Military             
 10.4 Industrial             
 10.5 Healthcare            
 10.6 Commercial            
               
11 Global Smart Exoskeleton Market, By Geography          
 11.1 Introduction            
 11.2 North America            
  11.2.1 US             
  11.2.2 Canada            
  11.2.3 Mexico            
 11.3 Europe             
  11.3.1 Germany            
  11.3.2 UK            
  11.3.3 Italy            
  11.3.4 France            
  11.3.5 Spain            
  11.3.6 Rest of Europe            
 11.4 Asia Pacific            
  11.4.1 Japan            
  11.4.2 China            
  11.4.3 India            
  11.4.4 Australia            
  11.4.5 New Zealand           
  11.4.6 South Korea           
  11.4.7 Rest of Asia Pacific            
 11.5 South America            
  11.5.1 Argentina           
  11.5.2 Brazil            
  11.5.3 Chile            
  11.5.4 Rest of South America          
 11.6 Middle East & Africa           
  11.6.1 Saudi Arabia           
  11.6.2 UAE             
  11.6.3 Qatar            
  11.6.4 South Africa           
  11.6.5 Rest of Middle East & Africa          
               
12 Key Developments             
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 12.2 Acquisitions & Mergers           
 12.3 New Product Launch           
 12.4 Expansions            
 12.5 Other Key Strategies           
               
13 Company Profiling             
 13.1 US Bionics, Inc.            
 13.2 Technaid. S.L.             
 13.3 Sarcos Corp.            
 13.4 Rex Bionics Ltd.            
 13.5 Honda Motor Co. Ltd.           
 13.6 Ekso Bionics            
 13.7 CYBERDYNE, INC.            
 13.8 BIONIK             
 13.9 ATOUN Inc.            
 13.10 ReWalk Robotics            


List of Tables              
1 Global Smart Exoskeleton Market Outlook, By Region (2019-2028) ($MN)        
2 Global Smart Exoskeleton Market Outlook, By Component (2019-2028) ($MN)       
3 Global Smart Exoskeleton Market Outlook, By Software (2019-2028) ($MN)       
4 Global Smart Exoskeleton Market Outlook, By Hardware (2019-2028) ($MN)       
5 Global Smart Exoskeleton Market Outlook, By Sensors (2019-2028) ($MN)       
6 Global Smart Exoskeleton Market Outlook, By Power Source (2019-2028) ($MN)       
7 Global Smart Exoskeleton Market Outlook, By Control System (2019-2028) ($MN)       
8 Global Smart Exoskeleton Market Outlook, By Actuators (2019-2028) ($MN)       
9 Global Smart Exoskeleton Market Outlook, By Product (2019-2028) ($MN)       
10 Global Smart Exoskeleton Market Outlook, By Ultra-Soft Exoskeleton (2019-2028) ($MN)      
11 Global Smart Exoskeleton Market Outlook, By Soft Smart Exoskeleton (2019-2028) ($MN)      
12 Global Smart Exoskeleton Market Outlook, By Rigid Smart Exoskeleton (2019-2028) ($MN)      
13 Global Smart Exoskeleton Market Outlook, By Technology (2019-2028) ($MN)       
14 Global Smart Exoskeleton Market Outlook, By Shape Memory Alloy Actuator (2019-2028) ($MN)     
15 Global Smart Exoskeleton Market Outlook, By Pneumatic Actuator (2019-2028) ($MN)      
16 Global Smart Exoskeleton Market Outlook, By Electric Servo (2019-2028) ($MN)       
17 Global Smart Exoskeleton Market Outlook, By Hydraulic (2019-2028) ($MN)       
18 Global Smart Exoskeleton Market Outlook, By Fully Mechanical (2019-2028) ($MN)       
19 Global Smart Exoskeleton Market Outlook, By Electric Actuator (2019-2028) ($MN)       
20 Global Smart Exoskeleton Market Outlook, By Extremity (2019-2028) ($MN)        
21 Global Smart Exoskeleton Market Outlook, By Upper Extremity (2019-2028) ($MN)       
22 Global Smart Exoskeleton Market Outlook, By Lower Extremity (2019-2028) ($MN)       
23 Global Smart Exoskeleton Market Outlook, By Full Body Extremity (2019-2028) ($MN)      
24 Global Smart Exoskeleton Market Outlook, By Application (2019-2028) ($MN)       
25 Global Smart Exoskeleton Market Outlook, By Pick & Carry (2019-2028) ($MN)       
26 Global Smart Exoskeleton Market Outlook, By Rehabilitation (2019-2028) ($MN)       
27 Global Smart Exoskeleton Market Outlook, By End User (2019-2028) ($MN)       
28 Global Smart Exoskeleton Market Outlook, By Residential (2019-2028) ($MN)       
29 Global Smart Exoskeleton Market Outlook, By Military (2019-2028) ($MN)       
30 Global Smart Exoskeleton Market Outlook, By Industrial (2019-2028) ($MN)       
31 Global Smart Exoskeleton Market Outlook, By Healthcare (2019-2028) ($MN)       
32 Global Smart Exoskeleton Market Outlook, By Commercial (2019-2028) ($MN)       
               
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

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