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The Global Wearable Robots and Industrial Exoskeletons market was valued at US$36.5 mn in 2015 and is poised to reach US$2.1 bn by 2021

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Published on : May 26, 2016

ALBANY, New York, May 26, 2016: This report presents a comprehensive evaluation of the wearable robots and industrial exoskeletons market. A number of market dynamics such as drivers, trends, opportunities, and challenges have been elaborated upon in this study, coupled with an analysis of their impact. The current size of the market as well as its estimated rate of growth all through the forecast horizon has also been presented in this study. The competitive landscape section of the report highlights the major players dominant in the market and their new product introductions.

The report on wearable robots, industrial exoskeletons starts by elaborating upon the key drivers fuelling the wearable robot, industrial exoskeleton market. These include the rising utilization of industrial exoskeleton devices for commercial wearable purposes. In addition, the increasing shift from military markets to commercial exoskeleton markets is a major factor propelling the development of the market. The global wearable robots and industrial exoskeletons market was valued at US$36.5 mn in 2015 and is poised to reach US$2.1 bn by 2021. A majority of the revenue is likely to be generated by medical exoskeletons during the forecast horizon 2016 to 2021.

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In the following section, wearable robots, industrial exoskeletons have been described in detail. Exoskeletons are employed in a number of applications. For instance, industrial workers have been increasingly using exoskeletons to lift approximately 250 pounds of weight. Exoskeletons are also being used to lift heavy weights within the shipbuilding industry. They are utilized by warfighters and aid aerospace workers in increasing their efficiency while building or repairing airplanes. Exoskeletons are being employed in large numbers in warehouse management and in the manufacturing industry. A number of Chinese manufacturers suggest that exoskeletons with extended battery lives are more sustainable for frontline infantry.

New product introductions within the market, the utilization of exoskeletons in a number of industries, and the safety standards that need to be followed within the exoskeleton industry have been discussed in this study on wearable robots, industrial exoskeletons. It also encapsulates the two major types of wearable exoskeletons, namely passive wearable exoskeletons and industrial active exoskeletons. 

The last section of the report segments the market on the basis of geography into Europe, Japan, the U.S., South Korea, and China. The chief players dominant in the market are Lockheed Martin, Sarcos / Raytheon, Ekso Bionics, Daewoo, BAE Systems, Panasonic, Honda, Daewoo, Noonee, Revision Military, China North Industries Group Corporation (NORINCO), Rex Bionics, Parker Hannifin, Cyberdyne, Sarcos, AlterG, Ekso Bionics, Hocoma, Parker Hannifin, and Revision Military, among others.

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