Exoskeleton Market Analysis by Component (Hardware, Software), by Type (Powered, Non-powered), by Mobility (Stationary, Mobile), by Body part (Lower Extremities, Upper Extremities, Full Body), by Treatment type (Rehabilitation, Augmentation), by Application (Healthcare, Defense, Industrial) and by Region: Global Forecast, 2024 - 2033

  • 2022-06-21
  • 281
  • Healthcare & Life Sciences

Market Overview

The Exoskeleton market is predicted to develop at a compound annual growth rate (CAGR) of 15.92% from 2024 to 2033, when it is projected to reach USD 3.32 billion, based on an average growth pattern. The market is estimated to reach a value of USD 1.02 billion in 2024.

SOURCE: We Market Research

An exoskeleton system is a wearable robotic device designed to enhance and augment a user's physical capabilities. It is constructed of stiff parts, motors, and sensors that combine to function as an external skeleton to boost stamina and strength. The technology is widely utilized to help persons with mobility impairments or to boost the strength of employees performing physically demanding occupations in a range of areas, including healthcare, the military, and business. Exoskeletons provide support and assistance, reducing the strain on the user's muscles and joints. Both performance and the likelihood of injury are increased by this. In the future, technology could transform rehabilitation, enhance human abilities, and alter the nature of physically demanding occupations.

The need for rehabilitative solutions is growing, robotics and sensor technology is advancing, and worker productivity and safety in industrial settings are becoming more and more important. These are the variables driving the exoskeleton systems industry. The market is expanding as a result of growing awareness of the advantages exoskeletons offer in assisting those with physical limitations in moving around. Exoskeleton system usage is also being fueled by government initiatives to promote assistive technology and increasing financing for research and development. Exoskeleton sales are expected to rise sharply in the upcoming years as businesses look for cutting-edge ways to increase worker productivity and lower workplace accidents.


Market Scope

Report Attributes


Market Size in 2024

USD 1.02 Billion

Market Forecast in 2033

USD 3.32 Billion

CAGR % 2024-2033


Base Year


Historic Data


Forecast Period


Report USP


Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

by Component, by Type, by Mobility, by Body part, by Treatment type, by Application and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria


Exoskeleton Industry: Dynamics & Restrains

Market Drivers

Rising Demand in Healthcare and Rehabilitation - The increasing need for healthcare and rehabilitation services is one of the main drivers of the exoskeleton market. With the global population aging and mobility issues like spinal cord injuries and strokes becoming more common, exoskeletons offer a novel solution to increase independence and movement. By providing essential support to patients undergoing rehabilitation, these wearable robotic devices help aid in the recovery of motor functions. Because exoskeletons have been demonstrated to improve patients' quality of life, speed their recovery, and reduce the workload for medical staff, there is a growing demand for them in the healthcare sector. As an essential part of state-of-the-art rehabilitation technology, this trend is propelling a notable market increase for exoskeletons.

Advancements in robotics, materials, and sensor technologies - Technological developments in robotics, materials science, and sensing are critical to the exoskeleton industry's growth. Innovations in robotics allow exoskeletons to move more naturally and responsively by improving their accuracy and dexterity. Material innovations help designers create designs that are stronger and lighter while also addressing weight and durability issues. Furthermore, advanced sensor technologies enhance the exoskeletons' capacity to adjust to users' movements and deliver immediate feedback. Together, these technical advancements improve exoskeletons' overall functionality, comfort, and safety, encouraging a rise in their use in the industrial, military, and healthcare sectors and propelling the market's ongoing growth.

Market restrains

Integration Challenges in Work Environments - The market for exoskeletons is severely constrained by integration issues in workplaces. It can be challenging for industries with well-established equipment and operations to integrate exoskeletons efficiently. Smooth integration is hampered by resistance to embracing new technology and compatibility problems with current tools. The integration of exoskeletons in the workplace is made more difficult by the requirement for specific training and the possibility of upsetting established procedures. To surmount these obstacles, all-encompassing approaches to staff education and training are needed, guaranteeing a seamless integration that optimizes exoskeleton technology's advantages without interfering with the current work environment. The broad use of exoskeletons in a variety of industries depends on overcoming these integration obstacles.

We Market Research: Exoskeleton Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Exoskeleton Segmentation

Market- By Component Analysis

By Component, the Exoskeleton Market is Categories into Hardware, Software. The Hardware segment accounts for the largest share of around 61% in 2024.


The hardware subsegment of the exoskeleton market is primarily driven by advancements in materials and engineering, enabling the development of lightweight and durable exoskeleton frames, actuators, and sensors. Innovations in power sources, such as compact and efficient batteries, also contribute to enhanced performance, fostering growth in this crucial component of exoskeleton technology.

The following segments are part of an in-depth analysis of the global Exoskeleton market:

Market Segments


By   Type

·         Powered

·         Non-powered

By   Mobility

·         Stationary

·         Mobile

By Body part

·         Lower Extremities

·         Upper Extremities

·         Full Body

By Treatment type

·         Rehabilitation

·         Augmentation

By Application

·         Healthcare

·         Defence

·         Industrial


Exoskeleton Industry: Regional Analysis

North America Market Forecast

North America dominate the Exoskeleton Market with the highest revenue generating market with share of more than 47%. In North America, Technological Advancements drive the exoskeleton market as cutting-edge innovations, particularly in powered exoskeletons for medical and industrial applications, lead the region's advancements. Rising Healthcare Expenditure further fuels growth, supporting the adoption of medical exoskeletons for rehabilitation. Military Applications play a crucial role, with investments in exoskeleton technology for soldier augmentation and logistics support.


Europe Market Statistics

Europe is the second-largest market for Exoskeleton. In Europe, an Aging Population boosts demand for medical exoskeletons in rehabilitation, addressing mobility issues among the elderly. Stringent Safety Regulations drive the development of reliable industrial exoskeletons, ensuring compliance with Europe's strict safety standards. Ongoing Research and Development Initiatives, often government-supported, foster innovation and collaboration in the European exoskeleton market.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing market for Exoskeleton during the forecast period. In Asia-Pacific, rising Industrialization fuels demand for industrial exoskeletons, enhancing worker productivity and reducing musculoskeletal disorders in rapidly industrializing nations like China and India. Growing Awareness in Healthcare, coupled with a burgeoning middle-class population, drives the adoption of medical exoskeletons for rehabilitation. Government Initiatives support the development of exoskeleton technology, propelling market growth in the Asia-Pacific region. 

Key Market Players

The Exoskeleton Market is dominated by a few large companies, such as

·         Cyberdyne Inc.

·         Bionik

·         ATOUN Inc.

·         Lockheed Martin Corporation

·         Ekso Bionics

·         Parker Hannifin Corporation

·         Myomo, Inc.

·         Mitsubishi Heavy Industries Ltd.

·         Others

Recent Developments:

·      December 2023, The Apogee exoskeleton with robotic motors was developed by German Bionic to help medical professionals lift and transport large patients more easily, with less strain, and with increased endurance.

  • June 2022, CYBERDYNE Inc. and LIFESCAPES Inc. forged a commercial and financial partnership. This partnership demonstrated the group's united efforts to better utilize the field of exoskeleton technology and enhance patients' chances for rehabilitation who suffer from severe paralysis.

1.      Global Exoskeleton Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Exoskeleton Market Scope and Market Estimation

1.2.1. Global Exoskeleton Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Exoskeleton Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Component of Global Exoskeleton Market

1.3.2. Technology of Global Exoskeleton Market

1.3.3. Mobility of Global Exoskeleton Market

1.3.4. Region of Global Exoskeleton Market

2.      Executive Summary

2.1.    Global Exoskeleton Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Exoskeleton Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Exoskeleton Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Exoskeleton Market Estimates & Forecast Trend Analysis, by COMPONENT

4.1.    Global Exoskeleton Market Revenue (US$ Mn) Estimates and Forecasts, by COMPONENT, 2019 to 2033

4.1.1. Hardware

4.1.2. Software

5.      Global Exoskeleton Market Estimates & Forecast Trend Analysis, by Type

5.1.    Global Exoskeleton Market Revenue (US$ Mn) Estimates and Forecasts, by Type, 2019 to 2033

5.1.1. Powered

5.1.2. Non-powered

6.      Global Exoskeleton Market Estimates & Forecast Trend Analysis, by Mobility

6.1.    Global Exoskeleton Market Revenue (US$ Mn) Estimates and Forecasts, by Mobility, 2019 to 2033

6.1.1. Stationary

6.1.2. Mobile

7.      Global Exoskeleton Market Estimates & Forecast Trend Analysis, by BODY PART

7.1.    Global Exoskeleton Market Revenue (US$ Mn) Estimates and Forecasts, by Mobility, 2019 to 2033

7.1.1. Lower Extremities

7.1.2. Upper Extremities

7.1.3. Full Body

8.      Global Exoskeleton Market Estimates & Forecast Trend Analysis, by TREATMENT TYPE

8.1.    Global Exoskeleton Market Revenue (US$ Mn) Estimates and Forecasts, by Mobility, 2019 to 2033

8.1.1. Rehabilitation

8.1.2. Augmentation

9.      Global Exoskeleton Market Estimates & Forecast Trend Analysis, by APPLICATION

9.1.    Global Exoskeleton Market Revenue (US$ Mn) Estimates and Forecasts, by Mobility, 2019 to 2033

9.1.1. Healthcare

9.1.2. Defence

9.1.3. Industrial

10.  Global Exoskeleton Market Estimates & Forecast Trend Analysis, by Region

10.1.                     Global Exoskeleton Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

10.1.1.   North America

10.1.2.   Europe

10.1.3.   Asia Pacific

10.1.4.   Middle East & Africa

10.1.5.   South America

11.  North America Exoskeleton Market: Estimates & Forecast Trend Analysis

11.1.      North America Exoskeleton Market Assessments & Key Findings

11.1.1.   North America Exoskeleton Market Introduction

11.1.2.   North America Exoskeleton Market Size Estimates and Forecast (US$ Million) (2019 – 2033)    By COMPONENT    By Type    By Mobility    By BODY PART    By TREATMENT TYPE    By APPLICATION    By Country The U.S. Canada Mexico

12.  Europe Exoskeleton Market: Estimates & Forecast Trend Analysis

12.1.  Europe Exoskeleton Market Assessments & Key Findings

12.1.1.   Europe Exoskeleton Market Introduction

12.1.2.   Europe Exoskeleton Market Size Estimates and Forecast (US$ Million) (2019 – 2033)    By COMPONENT    By Type    By Mobility    By BODY PART    By TREATMENT TYPE    By APPLICATION    By Country Germany U.K. France Italy Spain Russia Rest of Europe

13.  Asia Pacific Exoskeleton Market: Estimates & Forecast Trend Analysis

13.1.  Asia Pacific Market Assessments & Key Findings

13.1.1.   Asia Pacific Exoskeleton Market Introduction

13.1.2.   Asia Pacific Exoskeleton Market Size Estimates and Forecast (US$ Million) (2019 – 2033)    By COMPONENT    By Type    By Mobility    By BODY PART    By TREATMENT TYPE    By APPLICATION    By Country China Japan India Australia South Korea ASEAN Rest of Asia Pacific

14.  Middle East & Africa Exoskeleton Market: Estimates & Forecast Trend Analysis

14.1.  Middle East & Africa Market Assessments & Key Findings

14.1.1.   Middle East & Africa Exoskeleton Market Introduction

14.1.2.   Middle East & Africa Exoskeleton Market Size Estimates and Forecast (US$ Million) (2019 – 2033)    By COMPONENT    By Type    By Mobility    By BODY PART    By TREATMENT TYPE    By APPLICATION    By Country U.A.E. Saudi Arabia Egypt South Africa Rest of Middle East & Africa

15.  South America Exoskeleton Market: Estimates & Forecast Trend Analysis

15.1.  South America Market Assessments & Key Findings

15.1.1.   South America Exoskeleton Market Introduction

15.1.2.   South America Exoskeleton Market Size Estimates and Forecast (US$ Million) (2019 – 2033)    By COMPONENT    By Type    By Mobility    By BODY PART    By TREATMENT TYPE    By APPLICATION    By Country Brazil Argentina Colombia Rest of South America

16.  Competition Landscape

16.1.  Global Exoskeleton Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

16.2.  Global Exoskeleton Market Competition White Space Analysis, By Mobility

16.3.  Global Exoskeleton Market Competition Heat Map Analysis, By Mobility

16.4.  Global Exoskeleton Market Concentration & Company Market Shares (%) Analysis, 2022

17.  Company Profiles

17.1.                     Cyberdyne Inc.

17.1.1.   Company Overview & Key Stats

17.1.2.   Financial Performance & KPIs

17.1.3.   Product Portfolio

17.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

17.2.      Bionik

17.3.      ATOUN Inc.

17.4.      Lockheed Martin Corporation

17.5.      Ekso Bionics

17.6.      Parker Hannifin Corporation

17.7.      Myomo, Inc.

17.8.      Mitsubishi Heavy Industries Ltd.

17.9.      Others

18.  Research Methodology

18.1.  External Transportations / Databases

18.2.  Internal Proprietary Database

18.3.  Primary Research

18.4.  Secondary Research

18.5.  Assumptions

18.6.  Limitations

18.7.  Report FAQs

19.  Research Findings & Conclusion

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).


The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

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The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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Frequently Asked Questions

What is the market size of Exoskeleton Market in 2024?

Exoskeleton Market was valued at USD 1.02 Billion in 2024.

What is the growth rate for the Exoskeleton Market?

Exoskeleton Market size will increase at approximate CAGR of 15.92% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Exoskeleton Market are Cyberdyne Inc., Bionik, ATOUN Inc., Lockheed Martin Corporation, Ekso Bionics, Parker Hannifin Corporation, Myomo, Inc., Mitsubishi Heavy Industries Ltd and Others.

Which region dominates the Exoskeleton Market?

North America dominates the market with an active share of 47%.


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