Exoskeleton Market Size To Reach $1.25 Billion By 2030

Exoskeleton Market Growth & Trends

The global exoskeleton market size is estimated to reach USD 1.25 billion by 2030, registering to grow at a CAGR of 16.27% from 2025 to 2030 according to a new report by Grand View Research, Inc. Rapidly growing global geriatric population, increasing incidences of road accidents, and rising prevalence of stroke and spinal cord injuries are boosting the adoption of exoskeleton products and driving market growth. For instance, according to an article published by SingleCare Administrators in February 2023, globally, over 350 million individuals have arthritis, and 1 in 4 adults in the U.S. has arthritis.

Furthermore, the market is expected to witness the emergence of smarter & more competent exoskeletons through the integration of artificial intelligence and machine learning algorithms. For instance, in April 2022, Ottobock introduced the Ottobock Shoulder, a next-generation Paexo Shoulder exoskeleton that supports strenuous over-the-shoulder activities in production, logistics, handicraft, and maintenance. Thus, emergence of technologically advanced exoskeletons boosts market growth.

In addition, key players adopting diverse strategies such as new product launches, geographical expansion, partnerships, and collaborations, and a rise in R&D activities drive the market growth. In April 2022, ReWalk Robotics participated in the Human-Robot Interaction (HRI) Consortium, associated with the MAGNET incentive program under the Israel Innovation Authority. This initiative was expected to promote R&D collaborations and offer grants to renowned academic & research centers and private businesses developing advanced robotic technologies.

Moreover, exoskeletons have been used in various areas, including dry docks, factories, construction sites, surgical rooms, and warehouses. They are beneficial in reducing the burden of work. Thus, various benefits of exoskeletons are fueling market growth. Furthermore, with growing adoption and demand, it is expected that companies may buy millions of units for their workers to increase productivity and prevent musculoskeletal disorders over the forecast period, which is anticipated to result in increased quality of work.

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Exoskeleton Market Report Highlights

• The mobile segment led the market in 2024 with the largest revenue share of 62.39% and is anticipated to witness fastest CAGR over the forecast period.

• The powered segment held the largest revenue share in 2024 owing to rising implementation of powered exoskeleton solutions in several industries to enhance personal safety and boost productivity.

• The upper body segment is anticipated to register the fastest growth rate over the forecast period.

• Healthcare segment dominated the market in terms of revenue share in 2024.

Exoskeleton Market Segmentation

Grand View Research has segmented the global exoskeleton market based on mobility, technology, extremity, end use, and region:

Exoskeleton Mobility Outlook (Revenue, USD Million, 000' Units, 2018 - 2030)

• Mobile

• Fixed/Stationary

Exoskeleton Technology Outlook (Revenue USD Million, 000’ Units, 2018 - 2030)

• Powered

• Non-powered

Exoskeleton Extremity Outlook (Revenue USD Million, 000’ Units, 2018 - 2030)

• Upper Body

• Lower Body

• Full Body

Exoskeleton End Use Outlook (Revenue USD Million, 000’ Units, 2018 - 2030)

• Healthcare

• Military

• Industry

Exoskeleton Regional Outlook Revenue USD Million, 000’ Units, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • Spain

  • Italy

  • France

  • Denmark

  • Norway

  • Sweden

  • Rest of Europe

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • Thailand

  • South Korea

  • Rest of Asia Pacific

• Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

  • Rest of MEA

List of Key Players in Exoskeleton Market

• Ekso Bionics

• ARMASTEC PTE. LTD

• Hocoma

• Lockheed Martin Corporation

• Suit X

• Rex Bionics Plc.

• RB3D

• ReWalk Robotics

• Cyberdyne, Inc.

• ActiveLink (Panasonic Corporation)

• DIH Medical