Smart Exoskeleton Market Forecasts to 2028 | Drivers and Opportunities | Key player Analysis US Bionics, Inc., Technaid. S.L., Sarcos Corp.

According to Stratistics MRC, the Global Smart Exoskeleton Market is accounted for $347.64 million in 2020 and is expected to reach $4,928.74 million by 2028 growing at a CAGR of 39.3% during the forecast period. High demand for use in clinical purposes and industrial body parts and increasing demand for use of smart exoskeletons in rehabilitation of people suffering from physical disabilities and neurological disorders are driving the market growth. However, high equipment cost and stringent government regulations for exoskeletons are hampering the growth of the market.

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Based on the end user, the military segment is going to have lucrative growth during the forecast period as military organizations adopting these devices allow them to transfer load efficiently and these devices facilitate better performance while reducing soldier exertion. Smart exoskeletons that can be easily attached to the lower body are finding their application in military body parts. By geography, North America is going to have high growth during the forecast period owing to the increasing investments to develop smart, innovative, and energy-efficient exoskeleton, well-developed health care infrastructure and early availability of advanced technology products.

Some of the key players profiled in the Smart Exoskeleton Market include US Bionics, Inc., Technaid. S.L., Sarcos Corp., Rex Bionics Ltd., Honda Motor Co. Ltd., Ekso Bionics, CYBERDYNE, INC., BIONIK, ATOUN Inc. and ReWalk Robotics.

Components Covered:
• Software
• Hardware

Products Covered:
• Ultra-Soft Exoskeleton
• Soft Smart Exoskeleton
• Rigid Smart Exoskeleton   

Technologies Covered:
• Shape Memory Alloy Actuator
• Pneumatic Actuator
• Electric Servo
• Hydraulic
• Fully Mechanical
• Electric Actuator  

Extremities Covered:
• Upper Extremity
• Lower Extremity
• Full Body Extremity

Applications Covered:
• Pick & Carry
• Rehabilitation 

End Users Covered:
• Residential
• Military
• Industrial
• Healthcare
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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