Global Exoskeleton Robots Market 2016-2020
About Exoskeleton Robots
An exoskeleton is a wearable robot that combines human intelligence and machine power. It is widely used for rehabilitation applications such as tendon therapy and physical exercise, and supports finger flexion and extension movements. People suffering from hip or knee weakness can use these robots to prevent common accidents, including slipping. In addition, exoskeletons provide efficient therapy causing minimal fatigue in individuals, and enhance the therapy beyond the practitioner's abilities. They are also used for military, industrial, construction, and personal use applications.
Technavio’s analysts forecast the global exoskeleton robots market to grow at a CAGR of 50.85% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global exoskeleton robots market for 2016-2020. To calculate the market size, the report considers revenue generated from the below-mentioned models.
Technavio Announces the Publication of its Research Report – Global Exoskeleton Robots Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Exoskeleton Robots Market: Cyberdyne, Ekso Bionics, ReWalk Robotics, and Rex Bionics.
Other Prominent Vendors in the market are: Alter G, Daewoo Shipbuilding and Marine Engineering, Hocoma, Honda, Interactive Motion Technologies, LockHeed Martin, Myomo, Panasonic, Parker Hannifin, Sacros, Toyota Motors, and US Bionics.
Commenting on the report, an analyst from Technavio’s team said: “Rehabilitation exoskeletons dominated the global market in 2015. However, there has been a rise in the commercial sale of exoskeletons that are used for military and industrial applications.”
According to the report, advances in material technologies, control systems and sensors, software, and electrical and electronics engineering has helped in the development of new and advanced exoskeletons in the market. The availability of ultra-low-power exoskeleton technology has led to the development of robotic suits that enable anthropomorphic movements, which ensures that the robot does not need external power to operate.
Further, the report states that one of the major challenges faced by the global exoskeleton robots market is high cost.
Cyberdyne, Ekso Bionics, ReWalk Robotics, Rex Bionics, Alter G, Daewoo Shipbuilding and Marine Engineering, Hocoma, Honda, Interactive Motion Technologies, LockHeed Martin, Myomo, Panasonic, Parker Hannifin, Sacros, Toyota Motors, US Bionics.