In contrast to an internal skeleton (endoskeleton), which is found, for instance, in a human, an exoskeleton is an exterior skeleton that supports and shields an animal's body. Growing demand for exoskeletons in the military and healthcare industries for rehabilitation, as well as increased investment in the development of exoskeleton technology, are driving the growth of the exoskeleton market. Exoskeletons, which can carry heavier armor while moving swiftly, are becoming more and more in demand in the military, which is why the industry is expanding. Exoskeletons also enable soldiers to traverse more ground and wear heavier armor while lowering the metabolic cost of the load, which is boosting demand for them in the military and, consequently, the market.
Over the course of the projected period, the worldwide Exoskeleton Market is anticipated to grow at a CAGR of 44.16%.
Key Companies in the Exoskeleton Industry:
1. Ekso Bionics
Ekso Bionics is a company that creates powered exoskeleton bionic devices that may be worn as wearable robots to improve the strength, mobility, and endurance of industrial workers and those who are paralyzed and have mobility problems as a result of brain injuries, strokes, or spinal cord injuries. It was founded in 2005 and headquartered in California, United States. It operates in over 30 countries. Ekso Bionics Holdings, Inc., a pioneer in the development of exoskeletons for medical and industrial applications, unveiled EksoNR, an improved version of EksoGT, the most popular robotic exoskeleton in clinical settings, in November 2019. EksoNR, an intelligent exoskeleton device created for neurorehabilitation, teaches individuals recovering from stroke or other diseases to walk more naturally. The device now includes new features and software enhancements to assist physical therapists and patients get the most out of each rehabilitation session.
2. ActiveLink (Panasonic Corporation)
ActiveLink (Panasonic Corporation) was founded in 1918 and headquartered in Osaka, Japan. It operates in worldwide.
3. Cyberdyne, Inc.
Cyberdyne, Inc. is a Japanese robotics and technology company most noted for the marketing and distribution of the HAL robotic exoskeleton suit. It was founded in 2004 and headquartered in Ibaraki, Japan. It operates in 19 countries and regions worldwide. Abdul Latif Jameel and Cyberdyne broaden their cooperation in the GCC region in October 2019. Abdul Latif Jameel and Cyberdyne Holding revealed at the Saudi-Japanese Vision 2030 Business Forum that they had reached an agreement to continue their existing partnership, which had started in March 2017 during King Salman bin Abdulaziz Al Saud's visit to Japan.
4. ReWalk Robotics Ltd
ReWalk Robotics Ltd was founded in 2001 and headquartered in U.S., Israel and Germany. It operates in 26 countries. In May 2023, in New York, ReWalk Robotics will make its exoskeleton debut at the upcoming Abilities Expo. The technology enables people with spinal cord injuries to access places that would normally be inaccessible due to curbs or steps.
5. Rex Bionics Plc.
Rex Bionics Plc. was founded in 2007 and headquartered in Auckland, New Zealand. It operates in.
6. Lockheed Martin Corporation
Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. It was founded in 1995 and headquartered in, Maryland, U.S. It operates in more than 50 countries worldwide. The United States Army Natick Soldier Research, Development, and Engineering Center (NSRDEC) awarded Lockheed Martin a $6.9 million contract in November 2018 to upgrade the ONYXTM exoskeleton in preparation for upcoming troop demonstrations. Artificial intelligence (AI) is used in ONYX, a powered lower-body exoskeleton, to increase human strength and endurance.
7. Suit X (U.S. Bionics, Inc.)
Suit X (U.S. Bionics, Inc.) was founded in 2011 and headquartered in California, United States. It operates globally. Ottobock set to acquire fellow robotic exoskeleton maker SuitX.
8. RB3D
RB3D was founded in 2001 and headquartered in Paris, France. It operates in many countries.
9. Hocoma
Hocoma was founded in 1996 and headquartered in Zurich, Switzerland. It operates in 25 different countries.
10. DIH Technologies
DIH Technologies was founded in 2007 and headquartered in Volketswil, Switzerland. It operates in 70 countries. In September 2022, DIH-HERO approved funding for "EngageABLE," a project by ABLE Human Motion in collaboration with the Dutch hospital Sint Maartenskliniek. The goal of this project is to enhance the ABLE Exoskeleton's capabilities in order to boost user engagement and quicken learning. A self-contained platform called DIH-HERO links Digital Innovation Hubs across Europe to create a network for the healthcare robotics industry.
Definition: An exoskeleton is an external skeleton that supports and protects an animal's body, in contrast to an internal skeleton (endoskeleton) in for example, a human.
