How Big Is the Exoskeleton Market?
According to 6Wresearch internal database and industry insights, the
Global exoskeleton market was valued at USD 1.5 billion in 2024 and is projected to surpass USD 6.3 billion by 2031, advancing at a CAGR of 8.30%.
This growth is supported by increased demand for wearable robotics in rehabilitation, defence, and industrial sectors.
Growth Factors of the Exoskeleton Market
- Increasing demand for mobility assistance for an aging population.
- Increasing adoption in the military for load assistance and transportation.
- Demand for injury prevention devices in industrial workplaces.
- Expansion of rehabilitation services and assistive technology funding.
- Technological improvements in robotics and AI integration.
- Growing acceptance of wearable medical devices.
Exoskeleton Market Trends
The exoskeleton market is rapidly integrating AI based motion detection and cloud based monitoring. Interest is increasing in soft exosuits for lighter and more flexible possibilities. Healthcare providers are adopting robotic exoskeletons to advance patient recovery and prevent dependency on healthcare services.
Emerging Developments in the Exoskeleton Market
Companies in the Exoskeleton market are developing modular designs for multi-use environments like factories and hospitals. Tech and Health providers are developing strategic partnerships that will enable more rapid product customization and regional clinical testing.
Leading Companies in the Exoskeleton Market
- Ekso Bionics Holdings Inc.
- ReWalk Robotics
- Sarcos Technology and Robotics Corporation
- SuitX (acquired by Ottobock)
- CYBERDYNE Inc.
- Lockheed Martin Corporation
- Honda Motor Co., Ltd.
How Big Is the Exoskeleton Market : FAQ's
The market is projected to exceed USD 6.3 billion by 2031, driven by demand across the healthcare and defence sectors.
The market is growing rapidly due to increased demand in industrial automation, healthcare rehabilitation, and defense applications.
To boost worker safety, reduce injuries, and increase operational efficiency in manufacturing and logistics environments.
Leading companies include Ekso Bionics, ReWalk Robotics, Sarcos Technology, Cyberdyne Inc., and Ottobock.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com