Global Powered Exoskeleton Market Research and Forecast 2018-2023

Posted by Orion Market Research on July 9th, 2018

Powered Exoskeleton market is a wearable high-tech robotic device used for limb movement with increased strength and endurance. The rapid development of science and technology especially in the field of healthcare has paved a way for mitigation of neural, physical disorder by Powered Exoskeleton. Moreover, the concept of externally powered skeleton systems is widely adopted for Astronomy and Defense sector. Increase in physically challenged population, the rise in demand for rehabilitation therapy and adoption of this technology in military and defense are the actuating factors for the growth of this market. There is a demand for industrial robots in industries for carrying heavy weights which can boost the demand for this market.

Powered Exoskeleton is a capital-intensive market. Powered Exoskeleton powered by high-cost equipment and devices such as Electric Motors, hydraulics, pneumatics and so on which increases the cost of Exoskeleton. Heavyweight and height and the strict government regulation are the depriving factors for this market. The need of continuous fuel source is a limitation for the product and the market. Development of low cost and lightweight devices and adoption of this technology in space, healthcare, shipping industries, and government investment might be a huge opportunity for Powered Exoskeleton market.

Browse full report at: Global Powered Exoskeleton Market Research 

Geographically market is divided into North America, Europe, Asia Pacific and Rest of the World. North America region is growing with a significant growth and is dominating the global Powered Exoskeleton market. Adoption of Exoskeleton for various application such as medical, industrial and defense in the US region are motivators for the market. The APAC is emerging as a growing market for this technology due to increase in demand of Exoskeleton for military and defense sector.

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There are many companies which are developing a prototype of Powered Exoskeleton such as Ekso Bionics, China North Industries Group Corporation (NORINCO), Cyberdyne Inc., Honda, Noonee. Rewalk Robotics, Parker Hannifin, Toyota and ATOUN Inc. have already entered the market commercializing their products. The companies are focusing on new Powered Exoskeleton research and innovation, expansion M&A, finding a new market or innovate in their core competency in order to expand individual market share. The report includes a detailed market overview, Key findings, analyst insights, market determinants, market segmentation.