Exoskeletons are wearable robotics systems that are designed to augment the physical capabilities of their users. They are most often used to increase strength, endurance, and range of motion. They are typically powered by small motors, hydraulics, pneumatics, or battery-powered electronic systems.
Exoskeletons have a variety of applications in industries such as manufacturing, construction, healthcare, and military. Exoskeletons are also used in rehabilitation and physical therapy, enabling people with mobility impairments to regain their physical abilities.
Exoskeletons are becoming increasingly popular as a tool to help workers perform physically demanding tasks with minimal strain. Companies such as Hyundai and Toyota have already started using exoskeletons in their factories. There is also growing interest in the use of exoskeletons for military purposes.
The increasing demand for exoskeletons in the healthcare and industrial sectors is driving this growth. The rising awareness about the benefits of exoskeletons and their increasing affordability are also contributing to its growth.
The global Exoskeleton market was valued at US$ 412 million in 2022 and is anticipated to reach US$ 2168.2 million by 2029, witnessing a CAGR of 28.0% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Exoskeleton Market available at: https://www.themarketreports.com/report/global-exoskeleton-market-research-report
This report aims to provide a comprehensive presentation of the global market for Exoskeleton, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Exoskeleton.
The key players are Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, Interactive Motion Technologies, Panasonic, Myomo, B-TEMIA Inc., Alter G, US Bionics etc. Top 3 companies occupied about 76% market share.
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