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(Transportation-News.com, November 11, 2017 ) The Insight Partners added “Exoskeleton Market to 2025 – Global Analysis and Forecasts by Product Type (Mobile and Stationary), by Coverage (Full Body, Upper Extremities and Lower Extremities and Application (Military, Industrial and Healthcare)” to its research database.
Exoskeletons are wearable devices placed on the user’s body for enhancing the physical ability of the wearer. Exoskeletons can be operated at stationary position or can be mobile. Furthermore, they can either cover full body, the lower body or the upper body. Rising demand for service robotics, use of robots for rehabilitation as well as advancements in technology are the few factors propelling the demand for exoskeleton market.
Also, increasing funding and investments in R&D for the development of more manageable and economical mobility solutions is encouraging the industry growth. Moreover, the governments’ concerns related to user safety and robot reliability has resulted in stringent government regulations, which is further affecting the market growth. Whereas, certain factors such as high capital investment, high equipment cost and lack of awareness about exoskeletons are hampering the growth of the market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Global Exoskeleton market based on product type, coverage and application. It also provides market size and forecast till 2025 for overall Exoskeleton market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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Also, major Exoskeleton market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Ekso Bionics, ReWalk Robotics Ltd, Lockheed Martin Corporation, Rex Bionics Plc., ActiveLink, RB3D, Hocoma, Cyberdyne, Inc, US Bionics and Technaid S.L. among others.
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