Global Smart Exoskeleton Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Component;

Sensors, Actuators, Power Source, Control System and Others.

By Type;

Soft Exoskeleton and Rigid Exoskeleton.

By Body Part;

Upper Body, Lower Body and Full body.

By Application;

Industrial, Healthcare, Military and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn764429789 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Smart Exoskeleton Market (USD Million), 2021 - 2031

In the year 2024, the Global Smart Exoskeleton Market was valued at USD 432.81 million. The size of this market is expected to increase to USD 3,119.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 32.6%.

The global smart exoskeleton market has witnessed significant growth in recent years, driven by advancements in robotics, artificial intelligence, and healthcare technologies. Smart exoskeletons are wearable devices designed to enhance the strength, endurance, and mobility of individuals, particularly those with physical disabilities or those engaged in strenuous activities. These devices utilize sensors, actuators, and sophisticated control algorithms to augment human capabilities and assist in tasks such as lifting heavy objects, walking, or providing therapeutic support.

One of the key factors contributing to the expansion of the smart exoskeleton market is the rising demand for rehabilitation and assistive technologies among aging populations worldwide. As demographics shift towards older age groups in many regions, there is a growing need for solutions that can improve quality of life and enable independent living. Smart exoskeletons offer a promising avenue by providing mobility support and reducing the physical strain on users, thereby enhancing their overall well-being.

Technological advancements in materials science and sensor technology have significantly improved the efficiency and affordability of smart exoskeletons. These innovations have led to lighter, more ergonomic designs that are easier to wear for extended periods. As a result, the market has seen increased adoption across various sectors including healthcare, defense, and industrial applications. Governments and private enterprises are increasingly investing in research and development to further enhance the capabilities and accessibility of smart exoskeletons, driving continued growth in the market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Component
    2. Market Snapshot, By Type
    3. Market Snapshot, By Body Part
    4. Market Snapshot, By Application
    5. Market Snapshot, By Region
  4. Global Smart Exoskeleton Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population Demands
        2. Technological Advancements
        3. Increasing Applications in Healthcare
      2. Restraints
        1. High Initial Costs
        2. Limited Awareness and Adoption
        3. Regulatory Challenges
      3. Opportunities
        1. Military and Defense Applications
        2. Rehabilitation and Physical Therapy
        3. Collaborations and Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Smart Exoskeleton Market, By Component, 2021 - 2031 (USD Million)
      1. Sensors
      2. Actuators
      3. Power Source
      4. Control System
      5. Others
    2. Global Smart Exoskeleton Market, By Type, 2021 - 2031 (USD Million)
      1. Soft Exoskeleton
      2. Rigid Exoskeleton
    3. Global Smart Exoskeleton Market, By Body Part, 2021 - 2031 (USD Million)
      1. Upper Body
      2. Lower Body
      3. Full body
    4. Global Smart Exoskeleton Market, By Application, 2021 - 2031 (USD Million)
      1. Industrial
      2. Healthcare
      3. Military
      4. Others
    5. Global Smart Exoskeleton Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ekso Bionics
      2. ReWalk Robotics
      3. CYBERDYNE Inc.
      4. Parker Hannifin Corporation
      5. Lockheed Martin Corporation
      6. Hocoma AG
      7. Bionik Laboratories Corp.
      8. Rex Bionics Ltd.
      9. SuitX (US Bionics)
      10. Technaid S.L.
  7. Analyst Views
  8. Future Outlook of the Market