Exoskeleton Market, By Offering (Hardware and Software), By Product Type (Powered and Passive), By Application (Healthcare, Defense, Industrial, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Description

The global exoskeleton market is estimated to be valued at US$ 3.71 Bn in 2024 and is expected to reach US$ 10.91 Bn by 2031, exhibiting at a compound annual growth rate (CAGR) of 16.7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 3.71 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	16.70%	2031 Value Projection:	US$ 10.91 Bn

Figure. Exoskeleton Market Share (%), By Region 2024

The global exoskeleton market has been witnessing a significant growth in the recent years. An exoskeleton is a wearable robotic system that works in association with human body to enhance its strength, endurance, and mobility. The rising geriatric population suffering from disabilities and the increasing number of people suffering from neurological disorders are some of the key factors driving the demand for exoskeletons. Additionally, factors such as the development of lightweight and flexible exoskeletons for industrial and military use are also boosting the growth of this market. However, high costs associated with exoskeletons and lack of skilled professionals are hindering the wide adoption. But with ongoing technological advancements, exoskeletons are getting cheaper and more efficient which is expected to provide numerous growth opportunities in the coming years.

Market Dynamics:

The global exoskeleton market is experiencing a rapid growth owing to several factors such as increasing incidences of road accidents worldwide causing severe injuries, growing obese and geriatric population suffering from mobility issues, and rising awareness regarding benefits of exoskeletons in rehabilitation therapy. However, high equipment and maintenance costs of exoskeletons are limiting their widespread adoption. Moreover, lack of skilled professionals for operating exoskeletons and inaccessibility in remote areas are also challenging the market growth. Meanwhile, ongoing technological advancements in material science, artificial intelligence, and power sources are leading to development of lighter, softwearable exoskeletons. This is creating new opportunities in various end-use industries like healthcare, defense, and industrial sectors. Development of affordable lower limb exoskeletons suitable for home settings will further aid the market expansion during the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global exoskeleton market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global exoskeleton market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Bionik Laboratories, Cyberdyne Inc., Ekso Bionics Holdings, Inc., Hocoma AG, Honda Motor Co., Ltd., Lockheed Martin Corporation, Ottobock, Parker Hannifin Corp., Rewalk Robotics Ltd., Rex Bionics Ltd., Sarcos Technology and Robotics Corporation, Technaid S.L., Wandercraft, Wearable Robotics srl, Willow Wood

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global exoskeleton market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global exoskeleton market

Detailed Segmentation:

By Offering
- Hardware
- Software
By Product Type
- Powered
- Passive
By Application
- Healthcare
- Defense
- Industrial
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players Insights
- Bionik Laboratories
- Cyberdyne Inc.
- Ekso Bionics Holdings, Inc.
- Hocoma AG
- Honda Motor Co., Ltd.
- Lockheed Martin Corporation
- Ottobock
- Parker Hannifin Corp.
- Rewalk Robotics Ltd.
- Rex Bionics Ltd.
- Sarcos Technology and Robotics Corporation
- Technaid S.L.
- Wandercraft
- Wearable Robotics srl
- Willow Wood

Product Code: CMI1424

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Offering
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic
Segment Analysis

4. Global Exoskeleton Market, By Offering, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Hardware
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Software
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

5. Global Exoskeleton Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Powered
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Passive
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

6. Global Exoskeleton Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Defense
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (US$ Bn)

7. Global Exoskeleton Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - U.K.
  - Germany
  - France
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East & Africa
- Regional Trends
- Market Size and Forecast, By Offering, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Product Type, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019-2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019-2031, (US$ Bn)
  - South Africa
  - GCC Countries
  - Rest of the Middle East & Africa

8. Competitive Landscape

Company Profiles
- Bionik Laboratories
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cyberdyne Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Ekso Bionics Holdings, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Hocoma AG
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Honda Motor Co., Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Lockheed Martin Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Ottobock
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Parker Hannifin Corp.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Rewalk Robotics Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Rex Bionics Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Sarcos Technology and Robotics Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Technaid S.L.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Wandercraft
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Wearable Robotics srl
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Willow Wood
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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