Exoskeleton Market Analysis, Strategic Assessment, Trend Outlook and Business Opportunities By 2026
The research report on exoskeleton market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.
Global exoskeleton market share is anticipated to witness a significant boost over the coming years. This is attributed mainly to the growing geriatric population and rising prevalence of ailments like Parkinson’s disease and spinal cord injuries worldwide.
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From the product perspective, the exoskeleton market from the mobile segment is poised to depict a sizeable growth rate through 2026. This is credited largely to the product’s ability to support the knee and hip movements in patients suffering from spinal cord injuries to help them walk and stand. Mobile exosuits have integrated controllers, motors, and battery packs, which are fitted within a compact space. Rising demand for these products from the industrial and military sectors will therefore boost industry trends considerably from the segment.
Meanwhile, the active exoskeleton segment is also set to gain hefty proceeds over the projected timeline, given the multiple benefits demonstrated by these devices in comparison to their counterparts. Active exoskeleton suits are designed to carry out several complex tasks and enhance actuation for lifting heavy loads. Additionally, these products are integrated with advanced sensor and motor technologies, and feature a high-powered electric power source, making them ideal for military and industrial applications. These factors will contribute heavily to exoskeleton market expansion over the years ahead.
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On the regional front, the North American exoskeleton market is anticipated to account for a major chunk of the global industry over the forecast period, as a result of persistent R&D activities in the region. Moreover, the burgeoning presence of geriatric people and growing instances of spinal cord injuries will foster a positive industry outlook in the foreseeable future. For example, according to reports from the NSCISC (National Spinal Cord Injury Statistical Center), spinal cord injuries are accountable for almost 17,000 cases in the region, which is expected to present lucrative prospects for market growth.
Key market players include BIONIK, Hyundai Motor Company, 20 Knots Plus Ltd., Lockheed Martin Corporation, GOGOA, CYBERDYNE, INC., Hocoma, and Ekso Bionics. These companies are focused on undertaking various strategic initiatives like collaborations and expansions, in order to boost their product portfolio and gain a strong foothold in the global business landscape.
Major Key Points from Table of Content:
Chapter 4 Exoskeleton Market, By Product
4.1 Market share by product, 2018 & 2026
4.2 Stationary
4.2.1 Stationary market estimates and forecast, 2014 – 2026, (Units) (USD Million)
4.2.2 Stationary market estimates & forecast, by region, 2014-2026 (Units) (USD Million)
4.3 Mobile
4.3.1 Market estimates and forecast, 2014 – 2026, (Units) (USD Million)
4.3.2 Market estimates & forecast, by region, 2014-2026 (Units) (USD Million)
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