Research and Markets’ new report on the global exoskeleton robots market predicts growth at a CAGR of 50.85% during the period 2016-2020.
According to the report, per a media release, advances in material technologies, control systems and sensors, software, and electrical and electronics engineering has helped in the development of new and advanced exoskeletons in the market. As well, the availability of ultra-low-power exoskeleton technology has led to the development of robotic suits that enable anthropomorphic movements, which ensures that the robot does not need external power to operate.
One of the major challenges to the growth rate is the exoskeleton robots’ high cost, the release states.
For more information, visit Research and Markets.
[Source(s): Research and Markets, Business Wire]