Soft Exoskeleton Market Size, Share, Trend & Growth Forecast to 2024
Category: #world  By Partha Ray  Date: 2019-01-28
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Soft Exoskeleton Market Size, Share, Trend & Growth Forecast to 2024

MarketStudyReport.com Adds New Soft Exoskeleton Market 2018 – 2024 research report providing information and data By Product, By Application, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 200 Pages with table and figures in it.

Europe soft exoskeleton market will grow significantly owing to increased investments in R&D for improving the exoskeleton technology. The business is further supported by the presence of geriatric population and increasing innovations in the technology. Industry participants are engaged in collaborating with research institutes and universities for developing lightweight exosuits at a lower cost. For instance, researchers from the University of Limerick are collaborating with the Italian Institute of Technology for offering commercially viable exoskeletons by 2019.

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Increasing popularity of exoskeletons coupled with technological advancements in soft wearables are driving the soft exoskeleton market over the forecast timeframe. Upsurge in the usage of soft exoskeletons across the military, healthcare, and industrial sectors along with numerous advantages offered are further supporting the business growth over the projected timeframe. Improvements in motors and actuators for powering the exosuits including improved battery capacity & power and the incorporation of advanced sensors will contribute significantly towards the soft exoskeleton market expansion till 2025.

 

Technological developments in the soft exosuits, including the incorporation of machine learning algorithms for controlling different parameters are positively influencing business expansion. For instance, the Wyss Institute and Harvard John A. Paulson School of Engineering and Applied Sciences are collaborating on a human-in-the-loop optimization? project that utilizes real-time measurements of human physiological signals for directing exosuits and delivering assistive force to the users? body parts.

 

Military segment accounted for a significant growth rate over the projected timeframe. This growth is credited to the increasing funding activities by defense firms for developing advanced soft exoskeleton solutions. For instance, in September 2014, Wyss Institute of Harvard university got the first phase funding of around USD 2.9 Million from Defense Advanced Research Projects Agency (DARPA) for development of soft exosuits.

 

Supporting regulations and standards are playing a significant role in augmenting the soft exoskeleton market share till 2025. For instance, in 2017, American Society for Testing and Materials formed a Committee F48 for addressing concerns related to the design and manufacturing, maintenance & disposal, human factors and ergonomics, security and information technology, and task performance and environmental considerations. These standards will enable industry participants to focus on improving the quality and offer low-cost innovative solutions, further boosting the soft exoskeleton market proliferation over the projected timeframe.

 

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Few players in the soft exoskeleton industry include Ekso Bionics, ReWalk Robotics, Panasonic ? Matsushita Electric Industrial, Bioservo, and SRI International Technologies AB. Partnerships and joint ventures are among the prominent strategies adopted by the industry participants for improving their market share. For instance, in 2016, ReWalk Robotics announced a strategic collaboration with the Wyss Institute of Harvard University for developing and testing lightweight soft exosuits designed for lower limb disabilities, thereby providing a positive outlook for the industry expansion.

Table of Content:

Chapter 1    Methodology & Scope    Chapter 2. Executive Summary   Chapter 3. Soft Exoskeleton Industry Insights   Chapter 4. Soft Exoskeleton Market, By Product   Chapter 5 Soft Exoskeleton Market, By Application   Chapter 6. Soft Exoskeleton Market, By Region   Chapter 7.  Company Profiles   For More Details On this Report: https://www.marketstudyreport.com/reports/soft-exoskeleton-market

Related Report:

Global Soft Exoskeleton (Exosuits) and Wearable Robots Market Growth (Status and Outlook) 2018-2023   This report presents a comprehensive overview, market shares, and growth opportunities of Soft Exoskeleton (Exosuits) and Wearable Robots market by product type, application, key manufacturers and key regions and countries. Soft exoskeleton technology, also called a soft exosuit, is being designed to serve a number of patient populations, including individuals with Multiple Sclerosis, Parkinson?s Disease and other mobility challenges.  

https://www.marketstudyreport.com/reports/global-soft-exoskeleton-exosuits-and-wearable-robots-market-growth-status-and-outlook-2018-2023

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About Author

Partha Ray

Email: partha.r@news.marketsizeforecasters.com   

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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