Bennu, the asteroid currently being explored by NASAâs OSIRIS-REx spacecraft, will have its various features named after mythological birds and âbird-like creatures,â according to NASA.
The decision was made by the International Astronomical Union Working Group for Planetary System Nomenclature and NASA.
A variety of features on the asteroid will be named, including craters, rocks, boulders, trenches, grooves, ridges, and peaks.
Asteroid 101955 Bennu is a rocky carbonaceous asteroid that was discovered in late 1999.
NASAâs OSIRIS-REx mission, which was launched in September 2016, will spend months studying the asteroid before ultimately descending to collect a 60g sample from the space rockâs surface.
At this point in time, the Bennu mission team has been tasked with finding potential sample sites.
A medical exoskeleton, also known as a wearable robot, is a robotic machine suite worn by humans in place of their limbs to complement, substitute, and enhance human functions.
It helps in physical movements by offering increased strength and endurance.The Factors such as the increasing number of people with physical disabilities and subsequent growth in the demand for effective rehabilitation approaches; agreements and collaborations among companies and research organizations for the development of the exoskeleton technology; and increasing insurance coverage for medical exoskeletons in several countries driving the growth of the medical exoskeleton market.
However, the high cost of medical exoskeletons may restrict market growth to a certain extent.According to the new market research report âMedical Exoskeleton Market by Component (Hardware (Sensor, Actuator, Control System, Power Source), Software), Type (Powered, Passive), Extremities (Lower, Upper) & Mobility (Mobile, Stationary) â Global Forecastâ published by MarketsandMarketsâ˘, is projected to reach USD 571.6 million, at a CAGR of 37.4% during the forecast period.Growth Opportunity: Introduction of soft actuators;Currently, the medical exoskeletons industry is focusing on developing soft exoskeletons (without electronic motors and heavy batteries), which augment normal muscle function in healthy individuals for commercial use.
Such exoskeletons have soft actuators that can be easily driven by an off-board compressor.Soft exoskeletons are attached to the body securely and comfortably and transmit forces over the body through beneficial paths such that biologically appropriate moments are created at the joints.
The use of soft actuators has led to the development of inexpensive gait-supportive exoskeletons, creating opportunities for new players in the industry.Request Research Sample Pages:Â https://www.marketsandmarkets.com/requestsampleNew.asp?id=138546702Geographically;Â North America is expected to dominate the market followed by Europe.
The large share of this geographical segment is attributed to the growing geriatric population, increasing demand for self-assist exoskeletons, growing number of spinal cord injuries (SCI), and the high prevalence of stroke in the region.The medical exoskeleton market includes various players.
According to the new market research report on the "Exoskeleton Market by Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and Geography - Global Forecast to 2023", the exoskeleton market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5 Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the growing demand from healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
Powered exoskeleton held a larger share of the exoskeleton market in 2016Â The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
The healthcare vertical is already a major consumer of mobile exoskeletons, and because of its added advantages, these exoskeletons can also find applications in several new verticals, such as defense, sports and fitness, and search and rescue.
According to the new market research report on the "Exoskeleton Market by Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and Geography - Global Forecast to 2023", the exoskeleton market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5 Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the growing demand from healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
Speak to our analyst and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=40697797 Exoskeleton market for software to grow at a higher CAGR during the forecast period The exoskeleton market for software is expected to grow at a higher CAGR during the forecast period.
As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
Browse and in-depth TOC on âExoskeleton Marketâ65 â Tables37â Figures148 â Pages View more detailed TOC @https://www.marketsandmarkets.com/Market-Reports/exoskeleton-market-40697797.html Powered exoskeleton held a larger share of the exoskeleton market in 2016The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
Market Analysis: Global Human Augmentation MarketHuman augmentation market is expected to rise from its initial estimated value of USD million in 2018 to an estimated value of USD million by 2026, registering a substantial CAGR of 37.6% in the forecast period of 2019-2026.
Increasing demand of human augmentation in wearable device and gadgets is a key factor for the growth of this market.Market Definition: Global Human Augmentation MarketHuman augmentations are introduced to enhance human productivity as well as capability with improved health and quality of life.
These technologies bring physical improvements in the integral part of the human body.
This advanced technology is based on artificial intelligence used in advanced sensory devices and implants to make better use of it for human body.
The devices or implants plays major role in human productivity such as limb devices and orthotics having augmentation improves muscle capability and enhances the motion.Get More Insights About Global Human Augmentation Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-human-augmentation-marketMarket Drivers:Increasing demand of human augmentation in wearable device and gadgets drives the market growthTechnological development in the sensors is augmenting the growth of marketIncreasing R activity in the field of human augmentation is another factor boosting this market growthPrevailing awareness about the therapeutic applications of medical wearable augmentation products also uplifts the market growth in the forecast periodMarket Restraints:Lack of skilled person in handling the process also impedes the market growth in the forecast periodHigher cost of the equipment is another factor hampering the market growthGrowing concern towards social, legal and ethical aspects will hinder the market growthSegmentation: Global Human Augmentation MarketBy Wearable AugmentationWrist-WearWrist Wearable WatchWrist Wearable BandEye-WearGoogle GlassSmart Contact Lenses, HMD, and HudFoot-WearNeck-WearOrnament, Precious Metals & JewelleryTies & CollarsBody-WearClothing & Inner-WearARM & Leg-WearOthers (Smart Ring, Smart Socks, Smart Headsets)By ApplicationMedicalHealthCareDefenceIndustrialOthersBy GeographyNorth AmericaUSCanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyFranceUnited KingdomItalySpainRussiaTurkeyBelgiumNetherlandsRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeMalaysiaIndonesiaThailandPhilippinesRest of Asia-PacificMiddle East and AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East and AfricaKnow more about this report https://www.databridgemarketresearch.com/reports/global-human-augmentation-marketKey Developments in the Market:In July 2019, Elon Musk, founder of Tesla launched new start up to build implants based on the artificial intelligence to technology for human augmentation.
These threads will detect and record the electrical signals in the brain and transmitting this information outside the brain.
According to the new market research report on the "Exoskeleton Market by Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and Geography - Global Forecast to 2023", the exoskeleton market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5 Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the growing demand from healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
Powered exoskeleton held a larger share of the exoskeleton market in 2016Â The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
The healthcare vertical is already a major consumer of mobile exoskeletons, and because of its added advantages, these exoskeletons can also find applications in several new verticals, such as defense, sports and fitness, and search and rescue.
This report on the Global Human Augmentation Market provides a global 360-degree perspective of the industry while taking into consideration historical data as well as providing accurate estimations of the future scope of the market.
This make it easier for the stakeholders of the report to utilize this information and incorporate changes in their business policies and be well informed about the market dynamics.
It also provides an insight into the competitive landscape of the market highlighting key competitors, major manufacturers dominating the Human Augmentation Market, while also providing an analysis of the market share and revenue generation figures.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/human-augmentation-market-1958Global Human Augmentation Market Competitive Analysis:Google Inc.Samsung Electronics Co. Ltd.Ekso Bionics Holdings Inc.Vuzix CorporationGarminFossil Group Inc.B-Temia Inc.CasioMagic Leap Inc.Rewalk Robotics Inc.Polar ElectroP Mechanics.Jawbone Inc.Life Sense Group B.VAtounMobvoiRex BionicsGoqiiGuangdong BBK Electronics Co. Ltd.Atheer, Inc,Drivers & ConstraintsThe report largely stresses on the importance of market dynamics in understanding the Human Augmentation Market industry.
The report also lists several new factors which have been predicted to have a significant contribution to the positive growth of the Human Augmentation Market.
Sales revenues, population, production rates, consumption rates, existence of key manufacturers in regions are all points that have been touched base upon in the report providing an overall comparison of each of the regions covered in the report.
Additionally, the report also calls out regions that have showed maximum growth in the past as well as regions that emerged as leaders of the market in historic years.
T-rex Fossil is a manufacturer of hand-made decor, animals, furniture, human figures, and collectible arts.
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According to a research report "Exoskeleton Market with COVID-19 Impact by Type (Powered, Passive), Component (Hardware, Software), Mobility, Body Part (Lower Extremities, Upper Extremities, Full Body), Vertical (Healthcare, Defense, Industrial) and Region - Global Forecast to 2026" published by MarketsandMarkets,the exoskeleton market is valued at USD 499 million in 2021 and is projected to reach USD 3,340 million by 2026; it is expected to grow at a CAGR of 46.2% from 2021 to 2026.
Browse 125 market data Tables and 49 Figures spread through 201 Pages and in-depth TOC on "Exoskeleton Market with COVID-19 Impact by Type (Powered, Passive), Component (Hardware, Software), Mobility, Body Part (Lower Extremities, Upper Extremities, Full Body), Vertical (Healthcare, Defense, Industrial) and Region - Global Forecast to 2026"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40697797Factors such as the increasing adoption of human augmentation in industrial and military sectors, the introduction of soft actuators, and growing insurance coverage for exoskeletons are likely to provide opportunities for market growth.The exoskeleton market includes major Tier I and II players like Ottobock (Germany), DIH Medical (China), CYBERDYNE (Japan), Ekso Bionics.
These players have a strong market presence for exoskeleton across various countries in North America, Europe, APAC, and RoW.Increasing adoption of human augmentation equipment in industrial and military sectorsMany companies are enhancing their facilities using exoskeletons.
Thus, the intensifying need for human augmentation in industrial and military sectors creates opportunities for the growth of the exoskeleton market.Powered exoskeleton segment is expected to grow at the highest rate during the forecast periodPowered exoskeletons accounted for the larger share of the overall exoskeleton market in 2020.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
At present, powered exoskeletons are mainly used in the healthcare vertical to assist people with disabilities, but with the introduction of cost-efficient systems and because of their additional benefits over the passive ones, powered exoskeletons will find their applications in several new verticals, ultimately resulting in the high growth of the segment during the forecast period.Healthcare vertical to hold the largest market size of exoskeleton market during the forecast periodExoskeletons are being widely deployed at rehabilitation centers for therapies to assist people with disabilities; owing to this, the healthcare segment accounted for the largest share of the exoskeleton market in 2020.
Market Analysis: Global Human Augmentation MarketHuman augmentation market is expected to rise from its initial estimated value of USD million in 2018 to an estimated value of USD million by 2026, registering a substantial CAGR of 37.6% in the forecast period of 2019-2026.
Increasing demand of human augmentation in wearable device and gadgets is a key factor for the growth of this market.Market Definition: Global Human Augmentation MarketHuman augmentations are introduced to enhance human productivity as well as capability with improved health and quality of life.
These technologies bring physical improvements in the integral part of the human body.
This advanced technology is based on artificial intelligence used in advanced sensory devices and implants to make better use of it for human body.
The devices or implants plays major role in human productivity such as limb devices and orthotics having augmentation improves muscle capability and enhances the motion.Get More Insights About Global Human Augmentation Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-human-augmentation-marketMarket Drivers:Increasing demand of human augmentation in wearable device and gadgets drives the market growthTechnological development in the sensors is augmenting the growth of marketIncreasing R activity in the field of human augmentation is another factor boosting this market growthPrevailing awareness about the therapeutic applications of medical wearable augmentation products also uplifts the market growth in the forecast periodMarket Restraints:Lack of skilled person in handling the process also impedes the market growth in the forecast periodHigher cost of the equipment is another factor hampering the market growthGrowing concern towards social, legal and ethical aspects will hinder the market growthSegmentation: Global Human Augmentation MarketBy Wearable AugmentationWrist-WearWrist Wearable WatchWrist Wearable BandEye-WearGoogle GlassSmart Contact Lenses, HMD, and HudFoot-WearNeck-WearOrnament, Precious Metals & JewelleryTies & CollarsBody-WearClothing & Inner-WearARM & Leg-WearOthers (Smart Ring, Smart Socks, Smart Headsets)By ApplicationMedicalHealthCareDefenceIndustrialOthersBy GeographyNorth AmericaUSCanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyFranceUnited KingdomItalySpainRussiaTurkeyBelgiumNetherlandsRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeMalaysiaIndonesiaThailandPhilippinesRest of Asia-PacificMiddle East and AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East and AfricaKnow more about this report https://www.databridgemarketresearch.com/reports/global-human-augmentation-marketKey Developments in the Market:In July 2019, Elon Musk, founder of Tesla launched new start up to build implants based on the artificial intelligence to technology for human augmentation.
These threads will detect and record the electrical signals in the brain and transmitting this information outside the brain.
According to the new market research report on the "Exoskeleton Market by Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and Geography - Global Forecast to 2023", the exoskeleton market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5 Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the growing demand from healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
Powered exoskeleton held a larger share of the exoskeleton market in 2016Â The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
The healthcare vertical is already a major consumer of mobile exoskeletons, and because of its added advantages, these exoskeletons can also find applications in several new verticals, such as defense, sports and fitness, and search and rescue.
The exoskeleton market is valued at USD 499 million in 2021 and is projected to reach USD 3,340 million by 2026; it is expected to grow at a CAGR of 46.2% from 2021 to 2026.Browse 125 market data Tables and 49 Figures spread through 201 Pages and in-depth TOC on "Exoskeleton Market with COVID-19 Impact by Type (Powered, Passive), Component (Hardware, Software), Mobility, Body Part (Lower Extremities, Upper Extremities, Full Body), Vertical (Healthcare, Defense, Industrial) and Region - Global Forecast to 2026" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40697797 Factors such as the increasing adoption of human augmentation in industrial and military sectors, the introduction of soft actuators, and growing insurance coverage for exoskeletons are likely to provide opportunities for market growth.The exoskeleton market includes major Tier I and II players like Ottobock (Germany), DIH Medical (China), CYBERDYNE (Japan), Ekso Bionics.
These players have a strong market presence for exoskeleton across various countries in North America, Europe, APAC, and RoW.Increasing adoption of human augmentation equipment in industrial and military sectorsMany companies are enhancing their facilities using exoskeletons.
Thus, the intensifying need for human augmentation in industrial and military sectors creates opportunities for the growth of the exoskeleton market.Powered exoskeleton segment is expected to grow at the highest rate during the forecast periodPowered exoskeletons accounted for the larger share of the overall exoskeleton market in 2020.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
At present, powered exoskeletons are mainly used in the healthcare vertical to assist people with disabilities, but with the introduction of cost-efficient systems and because of their additional benefits over the passive ones, powered exoskeletons will find their applications in several new verticals, ultimately resulting in the high growth of the segment during the forecast period.Healthcare vertical to hold the largest market size of exoskeleton market during the forecast periodExoskeletons are being widely deployed at rehabilitation centers for therapies to assist people with disabilities; owing to this, the healthcare segment accounted for the largest share of the exoskeleton market in 2020.
Over the last few years, there have been major developments in this field, giving hope to people with spinal cord injuries, neurological disorders, and strokes.
Bennu, the asteroid currently being explored by NASAâs OSIRIS-REx spacecraft, will have its various features named after mythological birds and âbird-like creatures,â according to NASA.
The decision was made by the International Astronomical Union Working Group for Planetary System Nomenclature and NASA.
A variety of features on the asteroid will be named, including craters, rocks, boulders, trenches, grooves, ridges, and peaks.
Asteroid 101955 Bennu is a rocky carbonaceous asteroid that was discovered in late 1999.
NASAâs OSIRIS-REx mission, which was launched in September 2016, will spend months studying the asteroid before ultimately descending to collect a 60g sample from the space rockâs surface.
At this point in time, the Bennu mission team has been tasked with finding potential sample sites.
According to the new market research report on the "Exoskeleton Market by Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and Geography - Global Forecast to 2023", the exoskeleton market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5 Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the growing demand from healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
Powered exoskeleton held a larger share of the exoskeleton market in 2016Â The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
The healthcare vertical is already a major consumer of mobile exoskeletons, and because of its added advantages, these exoskeletons can also find applications in several new verticals, such as defense, sports and fitness, and search and rescue.
Market Analysis: Global Human Augmentation MarketHuman augmentation market is expected to rise from its initial estimated value of USD million in 2018 to an estimated value of USD million by 2026, registering a substantial CAGR of 37.6% in the forecast period of 2019-2026.
Increasing demand of human augmentation in wearable device and gadgets is a key factor for the growth of this market.Market Definition: Global Human Augmentation MarketHuman augmentations are introduced to enhance human productivity as well as capability with improved health and quality of life.
These technologies bring physical improvements in the integral part of the human body.
This advanced technology is based on artificial intelligence used in advanced sensory devices and implants to make better use of it for human body.
The devices or implants plays major role in human productivity such as limb devices and orthotics having augmentation improves muscle capability and enhances the motion.Get More Insights About Global Human Augmentation Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-human-augmentation-marketMarket Drivers:Increasing demand of human augmentation in wearable device and gadgets drives the market growthTechnological development in the sensors is augmenting the growth of marketIncreasing R activity in the field of human augmentation is another factor boosting this market growthPrevailing awareness about the therapeutic applications of medical wearable augmentation products also uplifts the market growth in the forecast periodMarket Restraints:Lack of skilled person in handling the process also impedes the market growth in the forecast periodHigher cost of the equipment is another factor hampering the market growthGrowing concern towards social, legal and ethical aspects will hinder the market growthSegmentation: Global Human Augmentation MarketBy Wearable AugmentationWrist-WearWrist Wearable WatchWrist Wearable BandEye-WearGoogle GlassSmart Contact Lenses, HMD, and HudFoot-WearNeck-WearOrnament, Precious Metals & JewelleryTies & CollarsBody-WearClothing & Inner-WearARM & Leg-WearOthers (Smart Ring, Smart Socks, Smart Headsets)By ApplicationMedicalHealthCareDefenceIndustrialOthersBy GeographyNorth AmericaUSCanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyFranceUnited KingdomItalySpainRussiaTurkeyBelgiumNetherlandsRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeMalaysiaIndonesiaThailandPhilippinesRest of Asia-PacificMiddle East and AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East and AfricaKnow more about this report https://www.databridgemarketresearch.com/reports/global-human-augmentation-marketKey Developments in the Market:In July 2019, Elon Musk, founder of Tesla launched new start up to build implants based on the artificial intelligence to technology for human augmentation.
These threads will detect and record the electrical signals in the brain and transmitting this information outside the brain.
This report on the Global Human Augmentation Market provides a global 360-degree perspective of the industry while taking into consideration historical data as well as providing accurate estimations of the future scope of the market.
This make it easier for the stakeholders of the report to utilize this information and incorporate changes in their business policies and be well informed about the market dynamics.
It also provides an insight into the competitive landscape of the market highlighting key competitors, major manufacturers dominating the Human Augmentation Market, while also providing an analysis of the market share and revenue generation figures.Ask for report free sample with complete TOC and list of tables/figures @ https://www.datalibraryresearch.com/sample-request/human-augmentation-market-1958Global Human Augmentation Market Competitive Analysis:Google Inc.Samsung Electronics Co. Ltd.Ekso Bionics Holdings Inc.Vuzix CorporationGarminFossil Group Inc.B-Temia Inc.CasioMagic Leap Inc.Rewalk Robotics Inc.Polar ElectroP Mechanics.Jawbone Inc.Life Sense Group B.VAtounMobvoiRex BionicsGoqiiGuangdong BBK Electronics Co. Ltd.Atheer, Inc,Drivers & ConstraintsThe report largely stresses on the importance of market dynamics in understanding the Human Augmentation Market industry.
The report also lists several new factors which have been predicted to have a significant contribution to the positive growth of the Human Augmentation Market.
Sales revenues, population, production rates, consumption rates, existence of key manufacturers in regions are all points that have been touched base upon in the report providing an overall comparison of each of the regions covered in the report.
Additionally, the report also calls out regions that have showed maximum growth in the past as well as regions that emerged as leaders of the market in historic years.
According to a research report "Exoskeleton Market with COVID-19 Impact by Type (Powered, Passive), Component (Hardware, Software), Mobility, Body Part (Lower Extremities, Upper Extremities, Full Body), Vertical (Healthcare, Defense, Industrial) and Region - Global Forecast to 2026" published by MarketsandMarkets,the exoskeleton market is valued at USD 499 million in 2021 and is projected to reach USD 3,340 million by 2026; it is expected to grow at a CAGR of 46.2% from 2021 to 2026.
Browse 125 market data Tables and 49 Figures spread through 201 Pages and in-depth TOC on "Exoskeleton Market with COVID-19 Impact by Type (Powered, Passive), Component (Hardware, Software), Mobility, Body Part (Lower Extremities, Upper Extremities, Full Body), Vertical (Healthcare, Defense, Industrial) and Region - Global Forecast to 2026"Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40697797Factors such as the increasing adoption of human augmentation in industrial and military sectors, the introduction of soft actuators, and growing insurance coverage for exoskeletons are likely to provide opportunities for market growth.The exoskeleton market includes major Tier I and II players like Ottobock (Germany), DIH Medical (China), CYBERDYNE (Japan), Ekso Bionics.
These players have a strong market presence for exoskeleton across various countries in North America, Europe, APAC, and RoW.Increasing adoption of human augmentation equipment in industrial and military sectorsMany companies are enhancing their facilities using exoskeletons.
Thus, the intensifying need for human augmentation in industrial and military sectors creates opportunities for the growth of the exoskeleton market.Powered exoskeleton segment is expected to grow at the highest rate during the forecast periodPowered exoskeletons accounted for the larger share of the overall exoskeleton market in 2020.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
At present, powered exoskeletons are mainly used in the healthcare vertical to assist people with disabilities, but with the introduction of cost-efficient systems and because of their additional benefits over the passive ones, powered exoskeletons will find their applications in several new verticals, ultimately resulting in the high growth of the segment during the forecast period.Healthcare vertical to hold the largest market size of exoskeleton market during the forecast periodExoskeletons are being widely deployed at rehabilitation centers for therapies to assist people with disabilities; owing to this, the healthcare segment accounted for the largest share of the exoskeleton market in 2020.
According to the new market research report on the "Exoskeleton Market by Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and Geography - Global Forecast to 2023", the exoskeleton market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5 Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the growing demand from healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
Powered exoskeleton held a larger share of the exoskeleton market in 2016Â The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
The healthcare vertical is already a major consumer of mobile exoskeletons, and because of its added advantages, these exoskeletons can also find applications in several new verticals, such as defense, sports and fitness, and search and rescue.
A medical exoskeleton, also known as a wearable robot, is a robotic machine suite worn by humans in place of their limbs to complement, substitute, and enhance human functions.
It helps in physical movements by offering increased strength and endurance.The Factors such as the increasing number of people with physical disabilities and subsequent growth in the demand for effective rehabilitation approaches; agreements and collaborations among companies and research organizations for the development of the exoskeleton technology; and increasing insurance coverage for medical exoskeletons in several countries driving the growth of the medical exoskeleton market.
However, the high cost of medical exoskeletons may restrict market growth to a certain extent.According to the new market research report âMedical Exoskeleton Market by Component (Hardware (Sensor, Actuator, Control System, Power Source), Software), Type (Powered, Passive), Extremities (Lower, Upper) & Mobility (Mobile, Stationary) â Global Forecastâ published by MarketsandMarketsâ˘, is projected to reach USD 571.6 million, at a CAGR of 37.4% during the forecast period.Growth Opportunity: Introduction of soft actuators;Currently, the medical exoskeletons industry is focusing on developing soft exoskeletons (without electronic motors and heavy batteries), which augment normal muscle function in healthy individuals for commercial use.
Such exoskeletons have soft actuators that can be easily driven by an off-board compressor.Soft exoskeletons are attached to the body securely and comfortably and transmit forces over the body through beneficial paths such that biologically appropriate moments are created at the joints.
The use of soft actuators has led to the development of inexpensive gait-supportive exoskeletons, creating opportunities for new players in the industry.Request Research Sample Pages:Â https://www.marketsandmarkets.com/requestsampleNew.asp?id=138546702Geographically;Â North America is expected to dominate the market followed by Europe.
The large share of this geographical segment is attributed to the growing geriatric population, increasing demand for self-assist exoskeletons, growing number of spinal cord injuries (SCI), and the high prevalence of stroke in the region.The medical exoskeleton market includes various players.
According to the new market research report on the "Exoskeleton Market by Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and Geography - Global Forecast to 2023", the exoskeleton market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5 Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the growing demand from healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
Speak to our analyst and gain crucial industry insights that will help your business grow:https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=40697797 Exoskeleton market for software to grow at a higher CAGR during the forecast period The exoskeleton market for software is expected to grow at a higher CAGR during the forecast period.
As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
Browse and in-depth TOC on âExoskeleton Marketâ65 â Tables37â Figures148 â Pages View more detailed TOC @https://www.marketsandmarkets.com/Market-Reports/exoskeleton-market-40697797.html Powered exoskeleton held a larger share of the exoskeleton market in 2016The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
According to the new market research report on the "Exoskeleton Market by Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and Geography - Global Forecast to 2023", the exoskeleton market is expected to grow from USD 299.8 Million in 2017 to USD 2,810.5 Million by 2023, at a CAGR of 45.2% between 2017 and 2023.
The market is mainly driven by the factors such as the growing demand from healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
As technological advancements will lead to the growing complexity in terms of features such as inter-device connectivity, artificial intelligence (AI), and autonomous operations, the software segment is likely to gain more importance than that of the hardware segment in the overall exoskeleton market as software will assist the complex functionalities to process efficiently and accurately.
Powered exoskeleton held a larger share of the exoskeleton market in 2016Â The powered exoskeleton captured a larger share of the overall exoskeleton market in 2016.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
The healthcare vertical is already a major consumer of mobile exoskeletons, and because of its added advantages, these exoskeletons can also find applications in several new verticals, such as defense, sports and fitness, and search and rescue.
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Market Analysis: Global Human Augmentation MarketHuman augmentation market is expected to rise from its initial estimated value of USD million in 2018 to an estimated value of USD million by 2026, registering a substantial CAGR of 37.6% in the forecast period of 2019-2026.
Increasing demand of human augmentation in wearable device and gadgets is a key factor for the growth of this market.Market Definition: Global Human Augmentation MarketHuman augmentations are introduced to enhance human productivity as well as capability with improved health and quality of life.
These technologies bring physical improvements in the integral part of the human body.
This advanced technology is based on artificial intelligence used in advanced sensory devices and implants to make better use of it for human body.
The devices or implants plays major role in human productivity such as limb devices and orthotics having augmentation improves muscle capability and enhances the motion.Get More Insights About Global Human Augmentation Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-human-augmentation-marketMarket Drivers:Increasing demand of human augmentation in wearable device and gadgets drives the market growthTechnological development in the sensors is augmenting the growth of marketIncreasing R activity in the field of human augmentation is another factor boosting this market growthPrevailing awareness about the therapeutic applications of medical wearable augmentation products also uplifts the market growth in the forecast periodMarket Restraints:Lack of skilled person in handling the process also impedes the market growth in the forecast periodHigher cost of the equipment is another factor hampering the market growthGrowing concern towards social, legal and ethical aspects will hinder the market growthSegmentation: Global Human Augmentation MarketBy Wearable AugmentationWrist-WearWrist Wearable WatchWrist Wearable BandEye-WearGoogle GlassSmart Contact Lenses, HMD, and HudFoot-WearNeck-WearOrnament, Precious Metals & JewelleryTies & CollarsBody-WearClothing & Inner-WearARM & Leg-WearOthers (Smart Ring, Smart Socks, Smart Headsets)By ApplicationMedicalHealthCareDefenceIndustrialOthersBy GeographyNorth AmericaUSCanadaMexicoSouth AmericaBrazilArgentinaRest of South AmericaEuropeGermanyFranceUnited KingdomItalySpainRussiaTurkeyBelgiumNetherlandsRest of EuropeAsia-PacificJapanChinaSouth KoreaIndiaAustraliaSingaporeMalaysiaIndonesiaThailandPhilippinesRest of Asia-PacificMiddle East and AfricaSouth AfricaEgyptSaudi ArabiaUnited Arab EmiratesIsraelRest of Middle East and AfricaKnow more about this report https://www.databridgemarketresearch.com/reports/global-human-augmentation-marketKey Developments in the Market:In July 2019, Elon Musk, founder of Tesla launched new start up to build implants based on the artificial intelligence to technology for human augmentation.
These threads will detect and record the electrical signals in the brain and transmitting this information outside the brain.
The exoskeleton market is valued at USD 499 million in 2021 and is projected to reach USD 3,340 million by 2026; it is expected to grow at a CAGR of 46.2% from 2021 to 2026.Browse 125 market data Tables and 49 Figures spread through 201 Pages and in-depth TOC on "Exoskeleton Market with COVID-19 Impact by Type (Powered, Passive), Component (Hardware, Software), Mobility, Body Part (Lower Extremities, Upper Extremities, Full Body), Vertical (Healthcare, Defense, Industrial) and Region - Global Forecast to 2026" Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40697797 Factors such as the increasing adoption of human augmentation in industrial and military sectors, the introduction of soft actuators, and growing insurance coverage for exoskeletons are likely to provide opportunities for market growth.The exoskeleton market includes major Tier I and II players like Ottobock (Germany), DIH Medical (China), CYBERDYNE (Japan), Ekso Bionics.
These players have a strong market presence for exoskeleton across various countries in North America, Europe, APAC, and RoW.Increasing adoption of human augmentation equipment in industrial and military sectorsMany companies are enhancing their facilities using exoskeletons.
Thus, the intensifying need for human augmentation in industrial and military sectors creates opportunities for the growth of the exoskeleton market.Powered exoskeleton segment is expected to grow at the highest rate during the forecast periodPowered exoskeletons accounted for the larger share of the overall exoskeleton market in 2020.
The high cost of powered exoskeletons leads to a higher market share of the technology compared to passive exoskeletons.
At present, powered exoskeletons are mainly used in the healthcare vertical to assist people with disabilities, but with the introduction of cost-efficient systems and because of their additional benefits over the passive ones, powered exoskeletons will find their applications in several new verticals, ultimately resulting in the high growth of the segment during the forecast period.Healthcare vertical to hold the largest market size of exoskeleton market during the forecast periodExoskeletons are being widely deployed at rehabilitation centers for therapies to assist people with disabilities; owing to this, the healthcare segment accounted for the largest share of the exoskeleton market in 2020.
Over the last few years, there have been major developments in this field, giving hope to people with spinal cord injuries, neurological disorders, and strokes.