Powered Exoskeleton 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 powered exoskeleton market.
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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.
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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.
Global Powered Exoskeleton Market – Company Profiles
- Ekso Bionics
- China North Industries Group Corporation (Norinco)
- Cyberdyne Inc.
- Daewoo
- Honda
- Noonee
- Parker Hannifin
- Rex Bionics
- Atoun Inc.
- Bionic Power
- Fanuc
- General Atomics
- Lockheed Martin
Global Powered Exoskeleton Market- Segmentation
By Application
- Industrial
- Military
- Healthcare
- Others (Space, Shipment)
By Type
- Full Body
- Upper Body
- Lower Body
By Mobility
- Stationary
- Mobile
Global Powered Exoskeleton Market- Regions
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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