Market Highlights
The smart exoskeleton is a wearable device that consists of sensors and actuators to monitor and control the movements of individuals suffering from gait abnormalities and similar physical disorders. In the past, the design of these exoskeletons was sturdy and rigid, which enabled the wearer to prevent falls and severe injuries. Increasing demand for worker’s safety in industrial applications is projected to fuel the growth of the smart exoskeleton market. Also, the rising adoption of exoskeletons by elderly and differently abled population is fuelling market growth. However, high costs of smart exoskeletons along with stringent government regulations are hampering the market growth.
Regional Analysis
The market for Smart Exoskeleton Industry is estimated to witness rapid growth during the forecast period from 2019 to 2024. The geographic analysis of smart exoskeleton market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis, North America is expected to contribute the highest share to the growth of smart exoskeleton market during the forecast period. The region has witnessed a high adoption of these exoskeletons for medical and industrial use in the US and Canada, resulting in the growth of the market in North America. On the other hand, the market in Asia-Pacific is expected to register the highest CAGR during the forecast period. The proliferation of automation, industrial IoT, and similar technologies in the industrial sector have encouraged enterprises to opt for smart exoskeletons to ease the manual work carried out in industries. Moreover, the aging population in China and Japan is highly susceptible to experience physical disabilities, and hence is expected to increasingly adopt the smart exoskeletons in the near future.
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Which Top Market Participants are Consider for the highest Smart Exoskeleton market share?
Lockheed Martin Corporation (US), ReWalk Robotics (US), CYBERDYNE Inc. (Japan), Ottobock (Germany), Ekso Bionics Holdings, Inc. (US), Rex Bionics Ltd. (UK),Parker Hannifin Corp. (US), ATOUN Inc. (Japan), DIH Technologies Corporation (China), RB3D (France), Hyundai Motor Company (South Korea), US Bionics (US), Gogoa.eu (Spain), BIONIK (Canada), and Honda Motor Co., Ltd (Japan).
Which segment will provide the most chance for Smart Exoskeleton Market growth Analysis till 2027?
The global Industry segmented into Smart Exoskeleton Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Smart Exoskeleton. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Smart Exoskeleton. Smart Exoskeleton are used in various industries such as oil and gas, mining, transportation, and power utilities.
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Apart from the uses and features, the global Smart Exoskeleton Industry faces challenges from vendor dependency, security issues, and other factors, which has restrained the global Smart Exoskeleton market growth. This file offers a complete outlook on the opposition, opportunities, drivers & restraints, and other factors affecting the neighborhood and global serverless architecture marketplace. The worldwide market is anticipated to sign in approximately 25 % annual growth in this era.
Smart Exoskeleton Market By Geography
Asia pacific
Europe
North America
The Middle East and Africa
Latin America
Market Segmentation
Smart Exoskeleton Market Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL Smart Exoskeleton MARKET, BY COMPONENT
1.2 GLOBAL Smart Exoskeleton MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL Smart Exoskeleton MARKET, BY DEPLOYMENT
1.4 GLOBAL Smart Exoskeleton MARKET, BY END-USERS
1.5 GLOBAL Smart Exoskeleton MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued…
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