The global exoskeleton market is likely to expand in the coming years, due to applications of exoskeleton across diverse industries. According to a report by Fortune Business Insights, titled “Exoskeleton System Market Size, Share and Global Trend By Component (Hardware and Software), By Type (Powered and Passive) Exoskeleton, By Mobility (Stationary and Mobile) By Body Part (Lower, Upper, Full Body), By Industry Vertical (Healthcare, Defence, Industrial) and Geography Forecast till 2026,” the market will witness growth in the coming years, with impetus from recent technological advancements.
Exoskeleton System are wearable devices used by labourers and related personal in an industrial workplace. The exoskeleton system is used to enhance tasks which are carried out manually. These operations mostly require industrial robots for their functioning due to the high accuracy that is involved. Exoskeletons are used to amplify thee human operations. Exoskeletons are also called as robotic suits or powered armour, owing to their exceptional accuracy in enhancing manual labour.
Key Market Driver
- Growing demand from Healthcare Sector for Robotic rehabilitation and Need for Load bearing and Load shifting in Industries.
Key Market Restraint
- High cost of powered Exoskeleton System, Strict government regulations pertaining to the use of Exoskeleton System in medical sector.
Top Players List:
- Parker Hannifin
- Ekso Bionics
- Cyberdyne Inc.
- Daewoo Shipbuilding and Marine Engineering Co., Ltd.