North America Smart Exoskeleton Market Growth Study,and Top Players Data by Forecast 2028

Comments · 80 Views

A smart exoskeleton is a wearable mechanical device that increases the strength.

A smart exoskeleton is a wearable mechanical device that increases the strength of limbs by using electric motors, levers, hydraulic systems, and simulation software. These gadgets are designed to mimic the anatomy of human limbs, muscles, and joints, allowing users to complete activities quickly and efficiently. Smart exoskeletons, in conjunction with advanced technology, identify and track the wearer's motions and provide support as needed. These exoskeletons were previously employed for a variety of military and defense applications, but their uses have recently broadened to include medical rehabilitation and mobility for those with paraplegia. In North America manufacturing of smart exoskeleton is anticipated for a potential slowdown due to the onset of COVID-19. New symptoms, owing to evolving coronavirus strains are extending the recovery period for the North America economy.

MARKET DYNAMICS- NORTH AMERICA SMART EXOSKELETON MARKET

The factors driving the market growth of smart exoskeleton market industry in North America is increasing adoption of exoskeletons by individuals suffering from physical disabilities and neurological disorders requiring products for rehabilitation purposes. This can be attributed to the growing prevalence of road accidents, spinal injuries, workplace, industrial injuries, and strokes. Also increasing demand from industrial sectors in order to prevent workplace injuries is further expected to boost the market growth. Also, the use of smart exoskeletons has significantly increased for military purposes especially in North American countries. In North America many aerospace defense companies have started manufacturing smart exoskeletons for military purposes. This in turn is expected to create lucrative opportunities for the overall growth of market in the forecast period. 

Get Free Sample Report for More Industry Insights: https://www.axiommrc.com/request-for-sample/11161-north-america-smart-exoskeleton-market-report

COVID-19 IMPACT ON NORTH AMERICA SMART EXOSKELETON MARKET

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the North America smart exoskeleton market. In addition, complete analysis of changes on the North America smart exoskeleton market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 impact on the North America smart exoskeleton market growth was slowdown due to the evolving coronavirus strains and imposed lockdown impacting the manufacturing of smart exoskeleton in the region.

NORTH AMERICA SMART EXOSKELETON MARKET- SEGMENTAL OVERVIEW

Smart exoskeleton market comprises of different market segments like by type, component, body part, application and country.

NORTH AMERICA SMART EXOSKELETON MARKET BY TYPE

The smart exoskeleton is available in market according different type such as soft exoskeleton and rigid exoskeleton. Rigid exoskeleton segment accounted the largest share of the overall exoskeleton market in the forecast period. The large share of this segment is mainly attributed to the rigid exoskeleton’s huge demand from military and industrial sector owing to its high strength and load bearing capacity as well as its ability to offer protection against physical damage and abrasion. However the soft exoskeleton segment is expected to grow at the fastest pace during the forecast period.

NORTH AMERICA SMART EXOSKELETON MARKET BY COMPONENT

By component, the smart exoskeleton market includes key segment of sensor, actuators, power source, and control system. The actuators segment is assumed to lead the market and the segment and is expected to maintain its dominance during the forecast period since they improve the efficiency of the exoskeletons through control of errant motions. As the actuators form an integral part of different kinds of smart exoskeletons. Passive exoskeletons rely on power sources to augment a person’s movement. Sensors provide necessary feedback to help an exoskeleton stay balanced and on course. The smart exoskeleton control system is to achieve the best control performances stability and safety is other important issues that have to be considered.

NORTH AMERICA SMART EXOSKELETON MARKET BY BODY PART

By body part, the smart exoskeleton is bifurcated in upper body, lower body, full body. The lower body segment is expected to accounted for the largest market share in the forecast period owing to the increasing prevalence of lower body disabilities as it provide mobility to physically disabled, injured or weak persons, who are unable to walk due to a medical reasons such as SCI, neurological disorders, major trauma like stroke, cerebral palsy. The upper body extremity segment is anticipated to register the fastest growth rate during the forecast period. This is attributed to the rising adoption of upper body exoskeletons in managing activities of daily living among the disabled patient population.

NORTH AMERICA SMART EXOSKELETON MARKET BY APPLICATION

The smart exoskeleton market finds its application in industrial, healthcare, military. The healthcare segment dominates the market due to rising demand from the healthcare sector for robotic rehabilitation and increased number of disabled people is the major factors among others driving the North America exoskeleton market. Also rising adoption of smart exoskeleton in industrial and military sectors is propelling the growth of the market. 

NORTH AMERICA SMART EXOSKELETON MARKET BY COUNTRY

The North America smart exoskeleton market is studied for the following countries like United States, Canada and Mexico. United States dominate the exoskeleton market due to well-established infrastructure for education and technology and an increased adoption rate for advanced technologies in the region. Also the well-developed health care infrastructure, higher adoption rate and early availability of advanced technology products contribute to the growth of smart exoskeleton market in the country. Furthermore factors such as growing geriatric population advent of robotic technologies, growing purchasing power of patients and increased investment towards exoskeleton technology and the presence of majority of established exoskeleton players and start-ups have boosted the market growth in the North American region.

NORTH AMERICA SMART EXOSKELETON MARKET KEY PLAYER

The key players in smart exoskeleton market are ATOUN Inc., Bionik Laboratories Corp., Cyberdyne, Inc., Ekso Bionics, Honda Motor Co. Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid. S.L., US Bionics Inc., Wearable Robotics srl, Fourier Intelligence, AXOSUITS SRL, Lockheed Martin Corporation.

Request For Best Pricing :- https://www.axiommrc.com/buy_now/11161-north-america-smart-exoskeleton-market-report

About Us:

Axiom Market Research Consulting™ is a full-service market research and data analytics company providing key market intelligence to global companies to take informed business decisions pertaining to their marketing strategy, investments, new product launches, market competition, consumer or end users, social media trends etc. Axiom Market Research Consulting™ offers market research services such as syndicated market research, custom market research, business consulting, and consumer/end user surveys. Under Business to Consumer (B2C) market research offerings, Axiom MRC assists its clients in finding quantitative information/preferences of its brands and services such as, awareness, usages, satisfaction, tracking, ethnicity etc. Axiom MRC offers data collection services through online surveys, social media, data processing and interpretation.Axiom MRC with its experienced team of research and data analysts, has delivered more than 5000+ Market Research Projects, 3800+ Data Analytics Projects, 1200+ Business Support Projects and has a 800+ Global Client Base. Axiom Market Research Consulting™ aims to become the preferred market research and data Analytics Company by providing key market intelligence solutions for client’s business growth.

Contact Us:

Axiom Market Research Consulting™

3 Germay Dr. Ste 4 - 4666

Wilmington DE 19804

U.S.:- + 1 (845) 875-9786

U.K.:- + 44 (0) 20 3286 9707

Email: [email protected]

Website: https://www.axiommrc.com/

Follow On

LinkedIn: https://www.linkedin.com/company/axiom-market-research-and-consulting/

Twitter: https://twitter.com/AxiommrcCom

Comments