
Exoskeleton Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application, Product Type
Description
Exoskeleton Market Summary
Introduction
Exoskeletons are wearable robotic devices that enhance human strength, mobility, or endurance, used in healthcare for rehabilitation, military for load-carrying, and industry for ergonomic support. The market is driven by rising disability rates, an aging population, occupational health needs, and military modernization. Technological advancements, such as AI-driven gait analysis and lightweight materials, improve functionality and affordability. The global exoskeleton market is projected to reach between USD 350 million and USD 600 million in 2025, with a compound annual growth rate (CAGR) of 12.2% to 17.7% through 2030.
Regional Analysis
North America: The U.S. leads due to advanced healthcare and military applications, with Canada focusing on rehabilitation.
Europe: Germany, France, and the UK drive demand with industrial and medical exoskeletons, supported by ergonomic regulations.
Asia Pacific: China and Japan dominate with healthcare and industrial applications, while India expands in affordable rehabilitation devices.
Rest of the World: Brazil invests in medical exoskeletons, and the Middle East focuses on military applications.
Application Analysis
Healthcare: Expected growth of 12.5%-18.0%, driven by rehabilitation needs. Trends focus on AI-enhanced mobility support.
Military: Projected growth of 12.0%-17.5%, linked to soldier augmentation. Developments emphasize load-bearing capacity.
Industry: Anticipated growth of 12.3%-17.8%, tied to ergonomic solutions. Advances prioritize lightweight, flexible designs.
Type Analysis
Mobile: Expected growth of 12.4%-17.9%, valued for rehabilitation and military use. Trends highlight portable, battery-efficient designs.
Fixed/Stationary: Projected growth of 12.0%-17.5%, used in industrial and clinical settings. Advances focus on modular, customizable systems.
Key Market Players
Ekso Bionics, specializing in rehabilitation exoskeletons;
Hocoma, focusing on medical robotics;
ARMASTEC PTE, targeting industrial applications;
Lockheed Martin Corporation, innovating in military exoskeletons;
Rex Bionics, offering mobility solutions;
RB3D, emphasizing ergonomic designs;
Suit X, providing lightweight industrial suits;
ReWalk Robotics, advancing rehabilitation;
Panasonic ActiveLink, focusing on industrial support.
Cyberdyne, leading in AI-driven exoskeletons.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to high R&D costs and regulatory barriers, though innovative startups can disrupt.
Threat of Substitutes: Low, as exoskeletons offer unique functionality for specific applications.
Bargaining Power of Buyers: Moderate, with hospitals and industries seeking cost-effective solutions, but specialized needs limit options.
Bargaining Power of Suppliers: Moderate, given specialized components like carbon fiber.
Competitive Rivalry: High, with firms competing on technology, affordability, and application versatility.
Market Opportunities and Challenges
Opportunities:
A global disability population of 1.3 billion, including 80 million needing mobility aids, drives healthcare exoskeleton demand.
An aging population, projected to reach 2.1 billion by 2050, increases rehabilitation needs.
Industrial exoskeletons address 40% of occupational injuries related to musculoskeletal disorders, with 2.8 million annual workplace injuries.
Military budgets, reaching USD 2.2 trillion in 2022, fuel exoskeleton development for soldier enhancement.
Technological advancements, like Cyberdyne’s HAL with AI gait analysis, improve functionality by 20%.
Emerging markets offer growth potential.
Challenges:
High costs, with exoskeletons priced above USD 50,000, limit adoption in developing regions.
Regulatory approvals, requiring extensive clinical trials, delay market entry.
Limited battery life and bulky designs hinder user adoption.
Competition from alternative mobility aids, like wheelchairs, persists in cost-sensitive markets.
Lack of trained professionals for exoskeleton operation slows deployment.
Market News
In December 2022, Ekso Bionics acquired Parker Hannifin’s Indego exoskeleton line, expanding its rehabilitation offerings.
In June 2022, CYBERDYNE Inc. formed alliances with LIFESCAPES Inc. and Malaysia’s SOCSO, enhancing rehabilitation access for paralysis patients using HAL technology.
Introduction
Exoskeletons are wearable robotic devices that enhance human strength, mobility, or endurance, used in healthcare for rehabilitation, military for load-carrying, and industry for ergonomic support. The market is driven by rising disability rates, an aging population, occupational health needs, and military modernization. Technological advancements, such as AI-driven gait analysis and lightweight materials, improve functionality and affordability. The global exoskeleton market is projected to reach between USD 350 million and USD 600 million in 2025, with a compound annual growth rate (CAGR) of 12.2% to 17.7% through 2030.
Regional Analysis
North America: The U.S. leads due to advanced healthcare and military applications, with Canada focusing on rehabilitation.
Europe: Germany, France, and the UK drive demand with industrial and medical exoskeletons, supported by ergonomic regulations.
Asia Pacific: China and Japan dominate with healthcare and industrial applications, while India expands in affordable rehabilitation devices.
Rest of the World: Brazil invests in medical exoskeletons, and the Middle East focuses on military applications.
Application Analysis
Healthcare: Expected growth of 12.5%-18.0%, driven by rehabilitation needs. Trends focus on AI-enhanced mobility support.
Military: Projected growth of 12.0%-17.5%, linked to soldier augmentation. Developments emphasize load-bearing capacity.
Industry: Anticipated growth of 12.3%-17.8%, tied to ergonomic solutions. Advances prioritize lightweight, flexible designs.
Type Analysis
Mobile: Expected growth of 12.4%-17.9%, valued for rehabilitation and military use. Trends highlight portable, battery-efficient designs.
Fixed/Stationary: Projected growth of 12.0%-17.5%, used in industrial and clinical settings. Advances focus on modular, customizable systems.
Key Market Players
Ekso Bionics, specializing in rehabilitation exoskeletons;
Hocoma, focusing on medical robotics;
ARMASTEC PTE, targeting industrial applications;
Lockheed Martin Corporation, innovating in military exoskeletons;
Rex Bionics, offering mobility solutions;
RB3D, emphasizing ergonomic designs;
Suit X, providing lightweight industrial suits;
ReWalk Robotics, advancing rehabilitation;
Panasonic ActiveLink, focusing on industrial support.
Cyberdyne, leading in AI-driven exoskeletons.
Porter's Five Forces Analysis
Threat of New Entrants: Moderate, due to high R&D costs and regulatory barriers, though innovative startups can disrupt.
Threat of Substitutes: Low, as exoskeletons offer unique functionality for specific applications.
Bargaining Power of Buyers: Moderate, with hospitals and industries seeking cost-effective solutions, but specialized needs limit options.
Bargaining Power of Suppliers: Moderate, given specialized components like carbon fiber.
Competitive Rivalry: High, with firms competing on technology, affordability, and application versatility.
Market Opportunities and Challenges
Opportunities:
A global disability population of 1.3 billion, including 80 million needing mobility aids, drives healthcare exoskeleton demand.
An aging population, projected to reach 2.1 billion by 2050, increases rehabilitation needs.
Industrial exoskeletons address 40% of occupational injuries related to musculoskeletal disorders, with 2.8 million annual workplace injuries.
Military budgets, reaching USD 2.2 trillion in 2022, fuel exoskeleton development for soldier enhancement.
Technological advancements, like Cyberdyne’s HAL with AI gait analysis, improve functionality by 20%.
Emerging markets offer growth potential.
Challenges:
High costs, with exoskeletons priced above USD 50,000, limit adoption in developing regions.
Regulatory approvals, requiring extensive clinical trials, delay market entry.
Limited battery life and bulky designs hinder user adoption.
Competition from alternative mobility aids, like wheelchairs, persists in cost-sensitive markets.
Lack of trained professionals for exoskeleton operation slows deployment.
Market News
In December 2022, Ekso Bionics acquired Parker Hannifin’s Indego exoskeleton line, expanding its rehabilitation offerings.
In June 2022, CYBERDYNE Inc. formed alliances with LIFESCAPES Inc. and Malaysia’s SOCSO, enhancing rehabilitation access for paralysis patients using HAL technology.
Table of Contents
89 Pages
- Chapter 1 Executive Summary
- Chapter 2 Abbreviation and Acronyms
- Chapter 3 Preface
- 3.1 Research Scope
- 3.2 Research Sources
- 3.2.1 Data Sources
- 3.2.2 Assumptions
- 3.3 Research Method
- Chapter Four Market Landscape
- 4.1 Market Overview
- 4.2 Classification/Types
- 4.3 Application/End Users
- Chapter 5 Market Trend Analysis
- 5.1 Introduction
- 5.2 Drivers
- 5.3 Restraints
- 5.4 Opportunities
- 5.5 Threats
- Chapter 6 Industry Chain Analysis
- 6.1 Upstream/Suppliers Analysis
- 6.2 Exoskeleton Analysis
- 6.2.1 Technology Analysis
- 6.2.2 Cost Analysis
- 6.2.3 Market Channel Analysis
- 6.3 Downstream Buyers/End Users
- Chapter 7 Latest Market Dynamics
- 7.1 Latest News
- 7.2 Merger and Acquisition
- 7.3 Planned/Future Project
- 7.4 Policy Dynamics
- Chapter 8 Historical and Forecast Exoskeleton Market in North America (2020-2030)
- 8.1 Exoskeleton Market Size
- 8.2 Exoskeleton Market by End Use
- 8.3 Competition by Players/Suppliers
- 8.4 Exoskeleton Market Size by Type
- 8.5 Key Countries Analysis
- 8.5.1 United States
- 8.5.2 Canada
- 8.5.3 Mexico
- Chapter 9 Historical and Forecast Exoskeleton Market in South America (2020-2030)
- 9.1 Exoskeleton Market Size
- 9.2 Exoskeleton Market by End Use
- 9.3 Competition by Players/Suppliers
- 9.4 Exoskeleton Market Size by Type
- 9.5 Key Countries Analysis
- 9.5.1 Brazil
- 9.5.2 Argentina
- 9.5.3 Chile
- 9.5.4 Peru
- Chapter 10 Historical and Forecast Exoskeleton Market in Asia & Pacific (2020-2030)
- 10.1 Exoskeleton Market Size
- 10.2 Exoskeleton Market by End Use
- 10.3 Competition by Players/Suppliers
- 10.4 Exoskeleton Market Size by Type
- 10.5 Key Countries Analysis
- 10.5.1 China
- 10.5.2 India
- 10.5.3 Japan
- 10.5.4 South Korea
- 10.5.5 Southest Asia
- 10.5.6 Australia
- Chapter 11 Historical and Forecast Exoskeleton Market in Europe (2020-2030)
- 11.1 Exoskeleton Market Size
- 11.2 Exoskeleton Market by End Use
- 11.3 Competition by Players/Suppliers
- 11.4 Exoskeleton Market Size by Type
- 11.5 Key Countries Analysis
- 11.5.1 Germany
- 11.5.2 France
- 11.5.3 United Kingdom
- 11.5.4 Italy
- 11.5.5 Spain
- 11.5.6 Belgium
- 11.5.7 Netherlands
- 11.5.8 Austria
- 11.5.9 Poland
- 11.5.10 Russia
- Chapter 12 Historical and Forecast Exoskeleton Market in MEA (2020-2030)
- 12.1 Exoskeleton Market Size
- 12.2 Exoskeleton Market by End Use
- 12.3 Competition by Players/Suppliers
- 12.4 Exoskeleton Market Size by Type
- 12.5 Key Countries Analysis
- 12.5.1 Egypt
- 12.5.2 Israel
- 12.5.3 South Africa
- 12.5.4 Gulf Cooperation Council Countries
- 12.5.5 Turkey
- Chapter 13 Summary For Global Exoskeleton Market (2020-2025)
- 13.1 Exoskeleton Market Size
- 13.2 Exoskeleton Market by End Use
- 13.3 Competition by Players/Suppliers
- 13.4 Exoskeleton Market Size by Type
- Chapter 14 Global Exoskeleton Market Forecast (2025-2030)
- 14.1 Exoskeleton Market Size Forecast
- 14.2 Exoskeleton Application Forecast
- 14.3 Competition by Players/Suppliers
- 14.4 Exoskeleton Type Forecast
- Chapter 15 Analysis of Global Key Vendors
- 15.1 Ekso Bionics
- 15.1.1 Company Profile
- 15.1.2 Main Business and Exoskeleton Information
- 15.1.3 SWOT Analysis of Ekso Bionics
- 15.1.4 Ekso Bionics Exoskeleton Revenue, Gross Margin and Market Share (2020-2025)
- 15.2 Hocoma
- 15.2.1 Company Profile
- 15.2.2 Main Business and Exoskeleton Information
- 15.2.3 SWOT Analysis of Hocoma
- 15.2.4 Hocoma Exoskeleton Revenue, Gross Margin and Market Share (2020-2025)
- 15.3 ARMASTEC PTE
- 15.3.1 Company Profile
- 15.3.2 Main Business and Exoskeleton Information
- 15.3.3 SWOT Analysis of ARMASTEC PTE
- 15.3.4 ARMASTEC PTE Exoskeleton Revenue, Gross Margin and Market Share (2020-2025)
- 15.4 Lockheed Martin Corporation
- 15.4.1 Company Profile
- 15.4.2 Main Business and Exoskeleton Information
- 15.4.3 SWOT Analysis of Lockheed Martin Corporation
- 15.4.4 Lockheed Martin Corporation Exoskeleton Revenue, Gross Margin and Market Share (2020-2025)
- 15.5 Rex Bionics
- 15.5.1 Company Profile
- 15.5.2 Main Business and Exoskeleton Information
- 15.5.3 SWOT Analysis of Rex Bionics
- 15.5.4 Rex Bionics Exoskeleton Revenue, Gross Margin and Market Share (2020-2025)
- 15.6 RB3D
- 15.6.1 Company Profile
- 15.6.2 Main Business and Exoskeleton Information
- 15.6.3 SWOT Analysis of RB3D
- 15.6.4 RB3D Exoskeleton Revenue, Gross Margin and Market Share (2020-2025)
- 15.7 Suit X
- 15.7.1 Company Profile
- 15.7.2 Main Business and Exoskeleton Information
- 15.7.3 SWOT Analysis of Suit X
- 15.7.4 Suit X Exoskeleton Revenue, Gross Margin and Market Share (2020-2025)
- Please ask for sample pages for full companies list
- Tables and Figures
- Table Abbreviation and Acronyms
- Table Research Scope of Exoskeleton Report
- Table Data Sources of Exoskeleton Report
- Table Major Assumptions of Exoskeleton Report
- Figure Market Size Estimated Method
- Figure Major Forecasting Factors
- Figure Exoskeleton Picture
- Table Exoskeleton Classification
- Table Exoskeleton Applications
- Table Drivers of Exoskeleton Market
- Table Restraints of Exoskeleton Market
- Table Opportunities of Exoskeleton Market
- Table Threats of Exoskeleton Market
- Table Covid-19 Impact For Exoskeleton Market
- Table Raw Materials Suppliers
- Table Different Production Methods of Exoskeleton
- Table Cost Structure Analysis of Exoskeleton
- Table Key End Users
- Table Latest News of Exoskeleton Market
- Table Merger and Acquisition
- Table Planned/Future Project of Exoskeleton Market
- Table Policy of Exoskeleton Market
- Table 2020-2030 North America Exoskeleton Market Size
- Figure 2020-2030 North America Exoskeleton Market Size and CAGR
- Table 2020-2030 North America Exoskeleton Market Size by Application
- Table 2020-2025 North America Exoskeleton Key Players Revenue
- Table 2020-2025 North America Exoskeleton Key Players Market Share
- Table 2020-2030 North America Exoskeleton Market Size by Type
- Table 2020-2030 United States Exoskeleton Market Size
- Table 2020-2030 Canada Exoskeleton Market Size
- Table 2020-2030 Mexico Exoskeleton Market Size
- Table 2020-2030 South America Exoskeleton Market Size
- Figure 2020-2030 South America Exoskeleton Market Size and CAGR
- Table 2020-2030 South America Exoskeleton Market Size by Application
- Table 2020-2025 South America Exoskeleton Key Players Revenue
- Table 2020-2025 South America Exoskeleton Key Players Market Share
- Table 2020-2030 South America Exoskeleton Market Size by Type
- Table 2020-2030 Brazil Exoskeleton Market Size
- Table 2020-2030 Argentina Exoskeleton Market Size
- Table 2020-2030 Chile Exoskeleton Market Size
- Table 2020-2030 Peru Exoskeleton Market Size
- Table 2020-2030 Asia & Pacific Exoskeleton Market Size
- Figure 2020-2030 Asia & Pacific Exoskeleton Market Size and CAGR
- Table 2020-2030 Asia & Pacific Exoskeleton Market Size by Application
- Table 2020-2025 Asia & Pacific Exoskeleton Key Players Revenue
- Table 2020-2025 Asia & Pacific Exoskeleton Key Players Market Share
- Table 2020-2030 Asia & Pacific Exoskeleton Market Size by Type
- Table 2020-2030 China Exoskeleton Market Size
- Table 2020-2030 India Exoskeleton Market Size
- Table 2020-2030 Japan Exoskeleton Market Size
- Table 2020-2030 South Korea Exoskeleton Market Size
- Table 2020-2030 Southeast Asia Exoskeleton Market Size
- Table 2020-2030 Australia Exoskeleton Market Size
- Table 2020-2030 Europe Exoskeleton Market Size
- Figure 2020-2030 Europe Exoskeleton Market Size and CAGR
- Table 2020-2030 Europe Exoskeleton Market Size by Application
- Table 2020-2025 Europe Exoskeleton Key Players Revenue
- Table 2020-2025 Europe Exoskeleton Key Players Market Share
- Table 2020-2030 Europe Exoskeleton Market Size by Type
- Table 2020-2030 Germany Exoskeleton Market Size
- Table 2020-2030 France Exoskeleton Market Size
- Table 2020-2030 United Kingdom Exoskeleton Market Size
- Table 2020-2030 Italy Exoskeleton Market Size
- Table 2020-2030 Spain Exoskeleton Market Size
- Table 2020-2030 Belgium Exoskeleton Market Size
- Table 2020-2030 Netherlands Exoskeleton Market Size
- Table 2020-2030 Austria Exoskeleton Market Size
- Table 2020-2030 Poland Exoskeleton Market Size
- Table 2020-2030 Russia Exoskeleton Market Size
- Table 2020-2030 MEA Exoskeleton Market Size
- Figure 2020-2030 MEA Exoskeleton Market Size and CAGR
- Table 2020-2030 MEA Exoskeleton Market Size by Application
- Table 2020-2025 MEA Exoskeleton Key Players Revenue
- Table 2020-2025 MEA Exoskeleton Key Players Market Share
- Table 2020-2030 MEA Exoskeleton Market Size by Type
- Table 2020-2030 Egypt Exoskeleton Market Size
- Table 2020-2030 Israel Exoskeleton Market Size
- Table 2020-2030 South Africa Exoskeleton Market Size
- Table 2020-2030 Gulf Cooperation Council Countries Exoskeleton Market Size
- Table 2020-2030 Turkey Exoskeleton Market Size
- Table 2020-2025 Global Exoskeleton Market Size by Region
- Table 2020-2025 Global Exoskeleton Market Size Share by Region
- Table 2020-2025 Global Exoskeleton Market Size by Application
- Table 2020-2025 Global Exoskeleton Market Share by Application
- Table 2020-2025 Global Exoskeleton Key Vendors Revenue
- Figure 2020-2025 Global Exoskeleton Market Size and Growth Rate
- Table 2020-2025 Global Exoskeleton Key Vendors Market Share
- Table 2020-2025 Global Exoskeleton Market Size by Type
- Table 2020-2025 Global Exoskeleton Market Share by Type
- Table 2025-2030 Global Exoskeleton Market Size by Region
- Table 2025-2030 Global Exoskeleton Market Size Share by Region
- Table 2025-2030 Global Exoskeleton Market Size by Application
- Table 2025-2030 Global Exoskeleton Market Share by Application
- Table 2025-2030 Global Exoskeleton Key Vendors Revenue
- Figure 2025-2030 Global Exoskeleton Market Size and Growth Rate
- Table 2025-2030 Global Exoskeleton Key Vendors Market Share
- Table 2025-2030 Global Exoskeleton Market Size by Type
- Table 2025-2030 Exoskeleton Global Market Share by Type
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