Increasing Usage of Wearable Robots, Industrial Exoskeletons in Aerospace and Shipbuilding to Fuel Market Growth

Published Date : May 23, 2016

ALBANY, New York, May 23, 2016 - has added a new report titled ‘Wearable Robots, Industrial Exoskeletons: Market Shares, Market Strategies, And Market Forecasts, 2016 To 2021’ to its offering. This study is an extensive reports of the wearable robots and industrial exoskeletons market. The report helps in identifying the key trends prevalent in the market. It also throws light on the current and upcoming advancements in the market and presents their impact on the growth of the market. The current market size and its estimated growth till 2021 form a key part of this study. The key threats and opportunities impacting the prime players operating in the market have also been elaborated upon in this study.

According to the report, the market for wearable robots and industrial exoskeletons stood at US$36.5 mn in 2015 and is predicted to touch US$2.1 bn by 2021. The introductory section of the report starts by presenting the driving forces of the wearable robot exoskeleton market. As per the report, the prime drivers fuelling the exoskeleton market include the shift to commercial exoskeleton markets from military markets. In addition¸ the increasing usage of industrial exoskeleton devices for commercial wearable purposes will also boost the growth of the market.

Next in the report is a description of wearable robot exoskeletons, which includes the definition of exoskeletons. Wearable industrial exoskeletons are employed to equip workers to lift around 250 pounds of weight without any hassle. In addition, exoskeletons are also used by warfighters and industrial workers and help in enhancing their overall performance. They also help aerospace workers increase their efficiency when repairing or building airplanes. Furthermore, exoskeletons are being employed in shipbuilding for lifting heavy weights.

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This part of the report also throws light on the types of wearable exoskeletons available in the market and segments them into industrial active and passive wearable exoskeletons. The safety standards that should be followed in the exoskeleton industry have also been detailed under this section of the report. Moving further, the new products being introduced in the exoskeleton market and the use of exoskeletons in various industries have been elaborated upon. Exoskeletons also play a key role in manufacturing and warehouse management.

The report further presents the geographical segmentation of the global market and segments the market into Europe, the U.S., China, South Korea, and Japan. Exoskeletons are utilized in medical markets and are also used for engineering purposes owing to their short battery life. However, a number of exoskeletons may operate independently for long hours. In addition, a number of manufacturers in China opine that exoskeletons with extended battery lives will be more sustainable for frontline infantry within harsh environments such as mountains.

Lockheed Martin, Ekso, Sarcos/Raytheon, Panasonic, BAE Systems, Honda, Noonee, Daewoo, Cyberdyne, and Revision Military, among others, are the prime vendors operating in the market.

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