The article cited AMA's Global Exoskeleton Robots Market Study explored substantial growth with CAGR of 23.9%. According the report, Rapid Technological Advancements in Artificial Intelligence and Robotics for More Energy-efficient and Variable Prototype is one of the primary growth factors for the market. Growing Demand for Exoskeleton for Rehabilitation Therapy
is also expected to contribute significantly to the Exoskeleton Robots market. Overall, Healthcare
applications of Exoskeleton Robots, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Cyberdyne (Japan), Hocoma (Switzerland), Intuitive Robots (France), ReWalk Robotics (Israel), Ekso Bionics (United States), LockHeed Martin (United States), Parker Hannifin (United States), Interactive Motion Technologies (United States), Panasonic (Japan), Myomo (United States) and B-TEMIA Inc. (Canada) may see astonishing sales in this Market and certainly improve revenue growth.
The Component Type, such as Exoskeleton Hardware {Sensors, Electric Motors, Others}, is boosting the Exoskeleton Robots market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Mobility, such as Movable, is boosting the Exoskeleton Robots market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Exoskeleton Robots market identified that the demand is rising in many different parts of the world as "Increasing Adoption of Human Augmentation in Industrial and Military Sectors
". Furthermore, some recent industry insights like "In July 2023, Ford partnered with Ekso Bionics to develop exoskeletons for factory workers to reduce fatigue and prevent injuries. This collaboration aims to improve worker safety and productivity in the manufacturing sector." is constantly making the industry dynamic. One of the challenges that industry facing is "High Equipment Cost in the Production of Exoskeleton Robots"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Exoskeleton Robots market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Exoskeleton Robots market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Exoskeleton Robots market tight? Which application/end-user category or Product Type [Lower, Upper and Full Body] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Exoskeleton Robots market and other related sub-markets covered in the study.
o Key & emerging players in the Exoskeleton Robots market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Exoskeleton Robots market size is calculated using market estimation process, the Exoskeleton Robots market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Exoskeleton Robots market size has been validated using both top-down and bottom-up approaches.