New York, NY -- (SBWIRE) -- 04/19/2021 -- The Global Exoskeleton Market size is estimated to register a CAGR of nearly 43.4%, accounting for revenue generation of USD 5.73 Billion by 2027 from USD 0.31 Billion in 2019. The market demand is driven mainly by healthcare and military applications. The exoskeleton is an externally worn robotic support system that aids people with disabilities like spinal cord injury, neurological conditions like stroke or paralysis, to walk or move. A decade ago, exoskeletons were used only to improve or restore a person's ability to move. However, the product is finding broader applications in industries such as warehousing and construction. They are no more those high-precision braces. Rapid advancement in materials science, artificial intelligence, and robotics has revolutionized the exoskeleton industry landscape.

The Exoskeleton market is heavily consolidated owing to a large number of global, regional, and local key contenders having already established a significant footing. The key participants dominate the operations in the industry with their extensive geographical coverage and huge production facilities. Players operating in this market are in intense competition in terms of technological innovations, product development, and product pricing. To gain a competitive edge over the other competitors in the industry, the leading players are focusing more on ways to offer products at attractive prices.

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Competitive Outlook:

Lockheed Martin Corporation, ReWalk Robotics, Parker Hannifin, REX Bionics, Ekso Bionics, ATOUN Inc., Cyberdyne, Hocoma, Wandercraft, Revision Military, and Honda Motor Co. Ltd.

For the purpose of this study, Reports and Data has segmented the Global Exoskeleton Market on the basis of mobility type, end-user, type, technology, anatomy, and region:

Mobility Type Outlook (Revenue, USD Million; 2017-2027)

Mobile Exoskeleton
Stationary Exoskeleton

End-User Outlook (Revenue, USD Million; 2017-2027)

Healthcare
Industrial
Military & Defense
Others

Type Outlook (Revenue, USD Million; 2017-2027)

Powered
Passive

Technology Outlook (Revenue, USD Million; 2017-2027)

Electric Actuator
Fuel Cell
Pneumatic Actuator
Hydraulic
Electric Servo
Shape Memory Alloy Actuator

The report shed light on the key manufacturers and players and their business development plans based on each region. The report also offers country-wise analysis of the market and details about the production and consumption patterns. Furthermore, it gives insights into export/import data, supply and demand dynamics, emerging trends, lucrative opportunities, and the presence of key players in each region. Based on the regional analysis, the market is segmented into key geographical regions such as North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa. The chapter further covers the country-wise analysis of the Exoskeleton market to offer a better understanding of the regional expansion.

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The report offers insightful data to help the companies make business decisions and strategic investment plans. The report covers a comprehensive overview of the competitive landscape and provides a detailed analysis of the strategic business decisions such as mergers and acquisitions, joint ventures, collaborations, and product launches among others. The report also offers SWOT analysis and Porter's Five Forces analysis to offer a better understanding of the competitive landscape.

Table of Content:

Chapter 1. Market Synopsis

1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2018-2026

Chapter 3. Indicative Metrics

Chapter 4. Exoskeleton Market Segmentation & Impact Analysis

4.1. Exoskeleton Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market driver's analysis
4.2.2.1. Technology advancement

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