Research and Markets has predicted a 50-percent compound annual growth rate for the global exoskeleton robots market over a four-year period ending 2020.
The market research firm said Friday the market has seen increased commercial sale of exoskeleton robots built for the military and industry beyond the use of the technology for physical rehabilitation.
A new Research and Markets report indicated that the development of exoskeleton robots rooted from advances in material technology, control systems, sensors and electrical and electronics engineering.
The report also highlighted the following companies in the market:
- Ekso Bionics
- ReWalk Robotics
- Rex Bionics
- Alter G
- Daewoo Shipbuilding and Marine Engineering
- Interactive Motion Technologies
- Lockheed Martin
- Parker Hannifin
- Toyota Motors
- US Bionics