Smart Exoskeleton Market

1. Companies Increase Availability for Wearable Exoskeleton in Essential Industries During COVID-19 Pandemic Manufacturing of smart exoskeleton is anticipated for a potential slowdown due to the onset of COVID-19. New symptoms, owing to evolving coronavirus strains are extending the recovery period for the global economy. Hence, manufacturers in the smart exoskeleton market are scurrying for alternate revenue generating sources such as increasing the availability of industrial smart exoskeleton, since essential industries including healthcare, pharma, FMCG, and F&B are working at breakneck speeds. Louisiana State University (LSU) and Rutgers University are collaborating to adopt an integrated and multidisciplinary approach to develop wearable exoskeleton that help industry workers to function longer in harsh and physically strenuous environments. Manufacturers in the smart exoskeleton market are taking cues from such researchers to increase the availability of devices in essential industries during the ongoing pandemic. Request https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=66731 Sample: Material Sciences, AI Research Help to Boost Adoption of Smart Exoskeleton Wearable exoskeleton are being used to support the motor function for people with severe mobility impairments. However, the market adoption of exoskeleton is relatively low due to factors concerning the weight of the equipment and sometimes ineffective prediction of the wearer’s movements, while walking or approaching an obstacle. Hence, companies in the smart exoskeleton market are increasing their research in robotics, material sciences, and artificial intelligence (AI), which help to make mobility assistance and rehabilitation tools more lightweight, compact, and effective for the wearer. The BioMot project hailing from the Human Locomotion Laboratory in Madrid is advancing in the field of smart exoskeleton by demonstrating that personalized computational models of the human body can effectively be used to control wearable exoskeleton. Externally Worn Robotic Support Systems Help Rehabilitate SCI, TBI Patients Startups in the India smart exoskeleton market are increasing their focus in wearable mobility-aiding devices. GenElek Technologies - an India-based provider of externally word robotic support systems is gaining recognition for offering its devices that

2. support rehabilitation by weakness of limbs due to spinal cord injury (SCI) and traumatic brain injury (TBI), among others. Such innovations signal why the global smart exoskeleton market is predicted to register an explosive CAGR of 32.7% during the forecast period. Manufacturers are boosting their production capabilities in externally worn robotic support systems that assist specially-abled people to walk again. Next-gen Military Exoskeleton Deploy Export of Data from Soldiers The smart exoskeleton market is expected to progress to reach US$ 3.5 Bn by the end of 2031. Manufacturers are unlocking business opportunities for devices used in military applications to diversify their income streams. Lockheed Martin - a global security and aerospace company is increasing its marketing capabilities to be known for its research and innovation in military exoskeleton that export data from the wearer or soldier. In order to establish stable revenue streams, companies in the smart exoskeleton market are designing devices that support repetitive and continuous kneeling or squatting, lifting and climbing with heavy loads. They are innovating in exoskeleton that help to transfer much of the weight a soldier carries to the ground, while allowing warfighters to carry extra gear with less effort climbing stairs or steep terrain. Lightweight, Exoskeleton Increase Worker Safety High Performance Personalized Wearable According to the Occupational Safety and Health Administration (OSHA), a significant percentage of worker fatalities occur at construction sites. Companies in the smart exoskeleton market are developing devices that improve worker safety and efficiency. This is being achieved by partnering with researchers to seek planning grants from organizations such as the National Science Foundation as part of their 10 Big Ideas - Future of Work at the Human-Technology Frontier (FW-HTF) program, which involves innovations in exoskeleton. Lightweight and high performance personalized wearable devices are being made available by manufacturers in the smart exoskeleton market for users in the construction industry. Analysts’ Viewpoint Since industrial workers in essential industries such as construction, F&B, and packaging industries are currently working in harsh and strenuous environments, manufacturers should increase the marketing for smart exoskeleton during the coronavirus pandemic. Breakthrough military wearable devices aim to pull biometric, GPS, and imaging data

3. via exoskeleton sensors. However, despite of the lack of worker safety at construction sites and other industries, users are slow to adopt and invest in smart exoskeleton. Hence, companies should increase their marketing and advertising capabilities to share updates on successful research being carried out with the help of machine learning-based human skill modeling and training in construction. Smart Exoskeleton Market: Overview This report analyzes the current and future prospects of the global smart exoskeleton market. Increase in patient population with health conditions such as musculoskeletal injuries and neurological disorders including spinal cord injury due to work-related accidents, motor vehicle accidents, and injuries caused while participating in sporting or recreational activities and technological advancement are key factors projected to fuel the global smart exoskeleton market during the forecast period.  The report provides an elaborate executive summary, which comprises a snapshot of various segments of the global smart exoskeleton market. The report also provides information and data analysis of the global smart exoskeleton market with regard to segments based on product, extremity, application, end user, and region.  The overview section of the report provides detailed qualitative analysis of drivers and restraints impacting the global smart exoskeleton market, along with opportunities in the global market  Additionally, the global smart exoskeleton market report includes company profiles and competitive matrix, which provide data about their businesses, product portfolios, and competitive landscape in the global smart exoskeleton market  The report includes data analysis on the smart exoskeleton market attractiveness by region and segments  The last section of the report provides quantitative and qualitative analysis on market share of key players operating in the global smart exoskeleton market. It elaborates key competitive strategies adopted by major industry players, thereby presenting a thorough understanding of the competitive scenario in the global smart exoskeleton market.  Smart Exoskeleton Market: Key Segments In terms of product, the global smart exoskeleton market has been bifurcated into rigid smart exoskeleton and soft smart exoskeleton  The rigid smart exoskeleton segment held a major share of the global smart exoskeleton market in 2020 Based on extremity, the global smart exoskeleton market has been classified into lower extremity, upper extremity, and full body extremity   The lower extremity segment is likely to dominate the global smart exoskeleton market during the forecast period 

4. In terms of application, the global smart exoskeleton market has been categorized into rehabilitation, pick & carry, and others. The rehabilitation segment is projected to lead the global smart exoskeleton market during the forecast period.  In terms of end user, the global smart exoskeleton market has been categorized into industrial, healthcare, military, and others. The healthcare segment is projected to lead the global smart exoskeleton market during the forecast period.  The market size and forecast for each of these segments have been provided from 2017 to 2031. The CAGR of respective segment has also been provided for the forecast period from 2021 to 2031, considering 2020 as the base year.  Smart Exoskeleton Market: Regional Outlook In terms of region, the global smart exoskeleton market has been segmented into North America (U.S. and Canada), Europe (U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa)  The report provides market size and forecast for each region and country/sub-region from 2017 to 2031. Compound annual growth rates (CAGRs) of each of these regions and countries have also been provided for the forecast period from 2021 to 2031, considering 2020 as the base year. The smart exoskeleton market study also covers the competitive scenario in these regions.  Request https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=66731 Brochure: Companies Mentioned in Report Key players in the global smart exoskeleton market have been profiled based on key aspects such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies  Major companies profiled in the global smart exoskeleton market report are  oEksoBionics oReWalkRobotics, Bionik, Inc. oCyberdyne, Inc. oRex Bionics Ltd. oHocomaAG oWearable Robotics srl oFourier Intelligence oAXOSUITS SRL oFREE Bionics Taiwan Inc.

5. oInnophys Co., Ltd. oMedexo Robotics oNoonee oTechnaid oWalkbot (P&S Mechanics Co. Ltd) oLockheed Martin Corporation oRB3D About Us Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real- time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision. Contact Rohit Bhisey Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com/