Exoskeleton, also known as a wearable robot, is a robotic machine suite worn by human on limbs to compliment, substitute, and enhance human functions. It helps in functioning physical movements with increased strength and endurance.

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and adoption of growth strategies. These players have a broad portfolio of products that caters to most regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Most of the dynamic players are classified as companies which focus on specifically one or two technologies, however, hold a fair position in the market along with a presence in various regions globally. These players have low product offerings with stronger business strategies. The vibration monitoring market has many companies operating since the past decade, which are largely dependent on their competitive R&D activities.

The exoskeleton market is moderately dependent on innovators, as high investments are required for manufacturing, and it is very difficult for new players to enter this market. Though there is a high demand for these products, players can make steady profits in this market.

Emerging quadrant includes the players which have a relatively moderate position in the market, along with comparatively weaker business strategies and geographic presence. However, these players are expected to hold a significant position in the near future. As the market poses a moderate threat to new entrants in establishing their footprint.