Smart Exoskeleton Market: Global Opportunity Analysis and Industry Forecast, 2023-2032
— Allied Market Research
WILMINGTON, DELAWARE, UNITED STATES, October 16, 2023 /EINPresswire.com/ — Smart Exoskeleton Market by Type (Soft, Rigid), by Body Part (Upper Body, Lower Body, Full Body), by Component (Power Source, Sensors, Actuators, Control System, Others), by Application (Industrial, Healthcare, Military, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global smart exoskeleton market was valued at $357.1 million in 2022, and is projected to reach $1.7 billion by 2032, growing at a CAGR of 17.3% from 2023 to 2032.
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Smart exoskeletons are being developed with advanced sensory feedback systems. By integrating sensors and actuators, these exoskeletons can provide users with enhanced proprioception, haptic feedback, and real-time monitoring of joint movements. This enables more intuitive control and safer interactions with the environment.
The primary driving force behind the development of rigid smart exoskeleton industry is the aim to alleviate physical strain and enhance productivity in industries such as manufacturing, construction, and logistics. These exoskeletons integrate advanced sensors and actuators that detect the user’s movements and intentions, enabling the exoskeleton to provide precise and proportional assistance. By effectively transferring the load from the wearer’s body to the exoskeleton, these devices mitigate the risk of musculoskeletal injuries and reduce fatigue.
The pandemic has presented both challenges and opportunities for the smart exoskeleton market. While supply chain disruptions have led to delays and other issues for some manufacturers, the increased demand for service robots has created new opportunities for growth and expansion in the industry. As the pandemic continues to evolve, it remains to be seen how these trends will play out in the smart exoskeleton market and in the industrial sector.
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The smart exoskeleton industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market’s strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of the distributed temperature sensing (DTS) market include,
• HONDA MOTOR CO.,Ltd
• Technaid Inc.
• Sarcos Technology and Robotics Corporation
• Lockheed Martin Corporation
• ATOUN INC.
• Bionik Laboratories
• ReWalk Robotics Ltd.
• Ekso Bionics Holdings, Inc.
• Rex Bionics Ltd.
Top Impacting Factors:
The global smart exoskeleton market includes surge in demand for elderly safety body parts, which fuels the demand for smart exoskeleton. In addition, surge in demand for gait rehabilitation positively impacts the growth of the market. However, high cost of smart exoskeleton hampers affects the market growth. Conversely, increase in initiatives for military body parts is expected to open new smart exoskeleton market opportunity.
The research uses both primary and secondary research to assemble data on the various facets of the international security screening market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
1. This study comprises analytical depiction of the global smart exoskeleton market size along with the current trends and future estimations to depict the imminent investment pockets.
2. The overall global smart exoskeleton market analysis is determined to understand the profitable trends to gain a stronger foothold.
3. The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
4. The current global smart exoskeleton market forecast is quantitatively analyzed from 2022 to 2032 to benchmark the financial competency.
5. Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart exoskeleton.
6. The report includes the market share of key vendors and global smart exoskeleton market trends.
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