Global Wearable Robots And Exoskeletons Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Powered Exoskeletons, Passive Exoskeletons, Hotels, Educational, Industrial, Medical and Healthcare, Consumer Electronics, and Others.

By Body Part;

Lower Body, Upper Body, and Full Body.

By Actuation Technology;

Electric, Hydraulic, Fully Mechanical, and Others.

By End-Use;

Healthcare, Military & Defense, Industrial, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn820578005 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Wearable Robots And Exoskeletons Market (USD Million), 2021 - 2031

In the year 2024, the Global Wearable Robots And Exoskeletons Market was valued at USD 2,584.44 million. The size of this market is expected to increase to USD 17,831.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 31.8%.

The global market for wearable robots and exoskeletons is witnessing significant growth as these advanced technologies revolutionize industries ranging from healthcare and military to manufacturing and logistics. Wearable robots, also known as exoskeletons, are powered external frames worn by individuals to augment physical strength, endurance, or mobility. They offer a wide range of applications, from assisting individuals with mobility impairments to enhancing the capabilities of workers in physically demanding environments. As advancements in robotics, materials science, and human-machine interfaces continue to accelerate, the wearable robots and exoskeletons market is poised for substantial expansion.

Key drivers propelling the growth of the global wearable robots and exoskeletons market include the increasing demand for assistive technologies to support an aging population and individuals with disabilities. Wearable robots enable users to perform activities of daily living more independently, enhancing their quality of life and promoting inclusion. Additionally, in industrial settings, exoskeletons can reduce the risk of work-related injuries and musculoskeletal disorders by providing ergonomic support and reducing the physical strain on workers performing repetitive or heavy tasks. This has led to widespread adoption of wearable robots in sectors such as healthcare, construction, manufacturing, and logistics to improve worker safety and productivity.

Moreover, technological advancements are driving innovation in wearable robots and exoskeletons, making them more lightweight, ergonomic, and adaptable to diverse user needs. The integration of advanced materials, sensors, actuators, and control systems enables wearable robots to provide more natural movement and better synchronization with users' motions. The development of smart exoskeletons equipped with artificial intelligence and machine learning capabilities enhances their functionality and usability, allowing for personalized assistance and adaptive control. As these technologies continue to evolve, the wearable robots and exoskeletons market is expected to witness further growth and penetration into new industries and applications, transforming the way people work, move, and live.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Body Part
    3. Market Snapshot, By Actuation Technology
    4. Market Snapshot, By End-Use
    5. Market Snapshot, By Region
  4. Global Wearable Robots And Exoskeletons Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Aging Population and Disabilities
        2. Industrial Safety and Ergonomics
        3. Technological Advancements
      2. Restraints
        1. High Initial Costs
        2. Regulatory Challenges
        3. Limited Awareness and Acceptance
      3. Opportunities
        1. Expansion in Healthcare and Rehabilitation
        2. Integration with IoT and AI Technologies
    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 Wearable Robots And Exoskeletons Market, By Type, 2021 - 2031 (USD Million)
      1. Powered Exoskeletons
      2. Passive Exoskeletons
      3. Hotels
      4. Educational
      5. Industrial
      6. Medical and Healthcare
      7. Consumer Electronics
      8. Others
    2. Global Wearable Robots And Exoskeletons Market, By Body Part, 2021 - 2031 (USD Million)
      1. Lower Body
      2. Upper Body
      3. Full Body
    3. Global Wearable Robots And Exoskeletons Market, By Actuation Technology, 2021 - 2031 (USD Million)
      1. Electric
      2. Hydraulic
      3. Fully Mechanical
      4. Others
    4. Global Wearable Robots And Exoskeletons Market, By End-Use, 2021 - 2031 (USD Million)
      1. Healthcare
      2. Military & Defense
      3. Industrial
      4. Others
    5. Global Wearable Robots And Exoskeletons 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 Holdings, Inc.
      2. ReWalk Robotics Ltd.
      3. CYBERDYNE Inc.
      4. Parker Hannifin Corporation
      5. Bionik Laboratories Corp.
      6. Lockheed Martin Corporation
      7. Honda Motor Co., Ltd. (Honda Motor Co., Ltd.)
      8. ATOUN Inc.
      9. Wandercraft
      10. Medtronic plc
  7. Analyst Views
  8. Future Outlook of the Market