Global Smart Exoskeleton Market Growth 2025-2031

The global Smart Exoskeleton market size is predicted to grow from US$ 3070 million in 2025 to US$ 4385 million in 2031; it is expected to grow at a CAGR of 6.1% from 2025 to 2031.

A smart exoskeleton is an external skeleton that supports and protects the body, in contrast to the internal skeleton using a combination of sensors, actuators, mechanical structures, algorithms, and control strategies capable of acquiring information to execute a function. They are referred to as an augmentative device that enhances the user or wearer physical performance for rehabilitation or locomotion assistance. In addition, a smart exoskeleton measures the amount of energy by monitoring breathing and automatically adjusting dynamics, which help minimize human energy expenditure. 

Global Smart Exoskeleton Market

The global smart exoskeleton market refers to the market for wearable robotic devices that assist and enhance the physical capabilities of individuals. Smart exoskeletons are designed to augment human strength, endurance, and mobility, enabling users to perform tasks with reduced effort and improved efficiency. These devices are used in various industries, including healthcare, manufacturing, construction, logistics, and defense.

Here are key aspects and components within the global smart exoskeleton market:

Types of Smart Exoskeletons: The market for smart exoskeletons includes various types designed to serve different purposes. Some exoskeletons focus on providing upper-body support, assisting with tasks that require lifting and carrying heavy loads, while others are designed to improve lower-body strength, stability, and mobility. There are also full-body exoskeletons that provide comprehensive support to both upper and lower body. Smart exoskeletons can be powered by electric motors, hydraulic systems, or a combination of both.

Applications in Healthcare: Smart exoskeletons find significant applications in the healthcare sector. They are used for rehabilitation purposes, helping patients recover from mobility impairments caused by injuries or medical conditions. Exoskeletons provide support and assist with movements, allowing individuals to regain mobility and strength. They are particularly useful for spinal cord injury patients, stroke survivors, and individuals with neurological disorders. Additionally, exoskeletons can assist healthcare workers by reducing the physical strain of lifting and transferring patients.

Industrial and Ergonomic Applications: Smart exoskeletons are increasingly used in industrial settings to augment the physical capabilities of workers. These exoskeletons help reduce the risk of musculoskeletal injuries by providing support during repetitive or physically demanding tasks. By assisting with heavy lifting and reducing the strain on the body, exoskeletons enhance worker safety and productivity. They are particularly beneficial in industries such as manufacturing, construction, logistics, and agriculture.

Military and Defense Applications: Smart exoskeletons have applications in the military and defense sector. They are utilized to enhance soldiers’ endurance, strength, and load-carrying capacity. Exoskeletons can help soldiers carry heavy equipment and supplies over long distances without fatigue, enabling them to operate more effectively in challenging environments. These devices may also offer protection and support to the wearer, improving overall safety and performance on the field.

Technological Advancements: The global smart exoskeleton market is driven by continuous technological advancements. These advancements include improvements in materials, sensors, actuators, and control systems used in exoskeletons. Lightweight and flexible materials enhance user comfort and mobility. Advanced sensors and control algorithms enable more intuitive and responsive movements. Additionally, the integration of artificial intelligence and machine learning technologies allows exoskeletons to adapt to individual user needs and optimize performance.

Cost and Regulation: The cost of smart exoskeletons is a significant factor in their adoption across industries. As the technology evolves and market competition increases, the cost of production is expected to decrease, making exoskeletons more accessible to a wider range of users. However, regulatory considerations, such as safety standards and compliance requirements, may affect the market’s growth rate and regional adoption.

Key Players and Market Competition: The global smart exoskeleton market is characterized by a competitive landscape with a mix of established players and startups. Key industry players include companies specializing in robotics, medical devices, and industrial equipment. These companies compete based on factors such as product features, performance, customization options, reliability, and customer support. Partnerships and collaborations between technology providers, research institutions, and end-user industries are common, fostering innovation and market growth.

Market Growth Factors: The global smart exoskeleton market is expected to grow significantly in the coming years. Factors driving market growth include the increasing demand for injury prevention and assistance in physically demanding tasks, advancements in robotics and sensor technologies, and the rising aging population requiring rehabilitation solutions. Moreover, the incorporation of artificial intelligence and the Internet of Things (IoT) in smart exoskeletons is expected to expand their capabilities and applications.

As the global smart exoskeleton market continues to evolve, there will be a focus on improving device affordability, user comfort, and integration with other technologies. With further advancements in materials, control systems, and human-robot interaction, smart exoskeletons have the potential to revolutionize industries and significantly enhance the quality of life for individuals with mobility challenges.

LP Information, Inc. (LPI) ' newest research report, the “Smart Exoskeleton Industry Forecast” looks at past sales and reviews total world Smart Exoskeleton sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Exoskeleton sales for 2025 through 2031. With Smart Exoskeleton sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Exoskeleton industry.

This Insight Report provides a comprehensive analysis of the global Smart Exoskeleton landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Exoskeleton portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Exoskeleton market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Exoskeleton and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Exoskeleton.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Exoskeleton market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Soft Exoskeleton
Rigid Exoskeleton

Segmentation by Application:
Industrial
Healthcare
Military
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
ATOUN Inc.
BIONIK, Inc.
Cyberdyne Inc
Ekso Bionics
Honda Motor Company
ReWalk Robotics
Rex Bionics Ltd
Sarcos Robotics
Technaid. S.L.
U.S. Bionics, Inc.
German Bionic
Iberdrola
Wearable Robotics srl
Gogoa Mobility Robots

Key Questions Addressed in this Report

What is the 10-year outlook for the global Smart Exoskeleton market?

What factors are driving Smart Exoskeleton market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Smart Exoskeleton market opportunities vary by end market size?

How does Smart Exoskeleton break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.