Exoskeleton Robot also called power armor, powered armor, powered suit, cybernetic suit, cybernetic armor, exosuit, hardsuit, exoframe, or augmented mobility, is a unique form of wearable electromechanical device developed to synchronize with the intentional movements of the user. It is equipped with a system of electric motors, pneumatics, levers, hydraulics, and a combination of several other technologies that evenly distributes the energy exerted on muscles and joints thus reducing stress and strain on the limbs. This helps in enhancing the overall physical performance of the wearer.
According to the research report, ‘Global Exoskeleton Robot Market 2022-2028’, states that Cyberdyne Inc., Ekso Bionics Holdings Inc., Hocoma AG, Honda Motor Co., Ltd., Lockheed Martin Corporation, Myomo, Inc., Parker Hannifin Corporation, ReWalk Robotics Ltd., Sarcos Technology and Robotics Corporation, Skelex B.V., and Technaid S.L. are some key players holding a dominant position in the Exoskeleton Robot market globally. This report has consolidated different criteria through which the aforementioned companies exist and compete against each other. Some of them are – the performance of the company, sales, risk analysis, collaborative business strategy, recent development, regional presence, acquisitions, product and services offered by these companies, SWOT analysis, and many more. The report further includes company profiling of each player aforementioned and also reviews how far along the player stands in the competition.
The Global Exoskeleton Robot industry has been globally further segmented by Product (full body exoskeletons, lower extremities exoskeletons, and upper extremities exoskeletons), By Mobility (Mobile and Stationary), By Power (powered exoskeletons and passive exoskeletons), By End-user (Consumer, Healthcare, Industrial, and military and defense). The report also includes a detailed analysis of the market type by region focusing on its sales, sales volume & revenue forecast. The regions covered under this report are – Asia Pacific, Europe, North America, and the Rest of the world (Row).
In addition to that, an elaborate study of the market is made taking into consideration a variety of factors, such as demographic conditions, business cycles in a particular country, market-specific microeconomic impacts, market dynamics, market synopsis, market trends (historic and current), and many more. It also analyses the research methodology and assumptions through various functional and analytical methods. The report also has dedicated sections focused on the covid-19 outbreak in the global exoskeleton robot market. These sections include market dynamics, historical and current market trends, impact on the product industry chain based on the upstream and downstream markets, and region-based synopsis. It examines the market quantitatively and qualitatively by outlining all the important segments influencing the market. The report also discusses several growth drivers, challenges, and restraints of the market.
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In the forthcoming years, the global exoskeleton robot industry will continue to grow and is anticipated to increase at a considerable value in terms of revenue in USD million by the end of the year 2028 at a double-digit CAGR during the evaluation period (2022-2028). The growing use of exoskeleton robots in the medical industry such as helping the elderly in regaining their gait, or as a tool for rehabilitation of people suffering from spinal cord injury (SCI), and lower limb dysfunctionality are some of the critical factors determining the growth trajectory of exoskeleton robot industry globally.
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Ankur Gupta, Head Marketing & Communications