Smart Exoskeleton Market: By Component Type (Sensor, Actuators, Power Source, Control System, and Others), By Type (Soft Exoskeleton, and Rigid Exoskeleton), By Body Part (Lower Body, Upper Body, and Full Body) By Application Type (Healthcare, Industrial, Military, and Others), and Geography  

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Smart Exoskeleton Market is expected to be valued at USD 14,634.6 million in 2022 and is poised to grow at a significant CAGR of 13.6% from 2023 - 2029. A smart exoskeleton is a powered wearable sensors suit that is precisely designed for enhancing user safety. They also enhance human efficiency in doing the respective tasks. Smart exoskeleton devices work on the technology of smart algorithms which provides automatically regulate human body motions. The technological algorithms to detect motion anomalies in real-time environments support the prevention of injuries. These features of this device increase the application in various sectors mainly in healthcare and many more, which leads the smart exoskeleton market growth. Additionally, the increasing patient population across the globe is further propelling the demand for smart exoskeleton devices.  The COVID-19 pandemic hurt the smart exoskeleton market owing to shutdowns of the manufacturing industries worldwide, which disrupted the supply and smart exoskeleton market demand chain of raw materials as well as finished products. After the pandemic, the world economy is regaining through the reopening of businesses and making further developments in their products.

Smart Exoskeleton Market Recent Market Developments:
  • In July 2021, Start-Up Auxivo AG launched an educational robotic exoskeleton kit on Kickstarter.

Smart Exoskeleton Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

13.6%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Smart Exoskeleton Market Dynamics

Smart Exoskeleton Market is primarily driven by growth due to the rise of the geriatric population and increasing prevalence of stroke & SCIs, the presence of a large part of the population as patients. Furthermore, growing disposable income, and accessibility of government funding further propel the market growth and expansion in the application of smart exoskeleton in various sectors such as restoration of individuals undergoing bodily inabilities and neurological dysfunctions. However, high costs associated with the manufacturing, and designing of the smart exoskeleton are expected to hinder the market growth. Also, strict regulations and rules imposed by governmental agencies are anticipated to challenge the smart exoskeleton market over the forecasted period.

Smart Exoskeleton Market Segmentation

By Component Type
  • Sensors
  • Actuators
  • Power Source
  • Control System
  • Others
By Type
  • Soft Exoskeleton
  • Rigid Exoskeleton
By Application
  • Healthcare
  • Industrial
  • Military
  • Others

Frequently Asked Questions

The smart exoskeleton market size was valued at USD 14,634.6 million in 2022

The smart exoskeleton market key players are: Esco Bionics (US) EXHAUST (Canada) Focal Meditech BV (Netherlands) Fourier Intelligence Co., Ltd (China) SUIT X (US) Hocoma (Switzerland) Rex Bionics Ltd (New Zealand) ReWalk Robotics (Israel) RB3D (France) Raytheon Company (US) PARKER HANNIFIN CORP (US) Ottobock (Germany) DIH Technologies Corporation (US) B-Temia (Canada)

The smart exoskeleton market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Smart Exoskeleton Market Introduction
2.1. Global Smart Exoskeleton Market Taxonomy
2.2. Global Smart Exoskeleton Market Definitions
2.2.1. Component Type
2.2.2. Type
2.2.3. Body Part
2.2.4. Application
2.2.5. Geography
3. Global Smart Exoskeleton Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Smart Exoskeleton Market Dynamic Factors - Impact Analysis
3.6. Global Smart Exoskeleton Market Competition Landscape
4. Global Smart Exoskeleton Market Analysis,2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Smart Exoskeleton Market, By Component Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Sensors
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Actuators
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Power Source
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Control System
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
5.5. Others
5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.5.3. Market Opportunity Analysis
6. Global Smart Exoskeleton Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1. Soft Exoskeleton
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Rigid Exoskeleton
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Smart Exoskeleton Market Forecast, By Body Part, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. Lower Body
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Upper Body
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Full Body
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
8. Global Smart Exoskeleton Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
8.1. Healthcare
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Industrial
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Military
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Others
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
9. Global Smart Exoskeleton Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2023 - 2029
10. North America Smart Exoskeleton MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. Component Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Sensors
10.1.2. Actuators
10.1.3. Power Source
10.1.4. Control System
10.1.5. Others
10.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Soft Exoskeleton
10.2.2. Rigid Exoskeleton
10.3. Body Part Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Lower Body
10.3.2. Upper Body
10.3.3. Full Body
10.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Healthcare
10.4.2. Industrial
10.4.3. Military
10.4.4. Others
10.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2023 - 2029
10.7. North America Smart Exoskeleton Market Dynamics Trends
11. Europe Smart Exoskeleton Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Component Type Analysis 20172021and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Sensors
11.1.2. Actuators
11.1.3. Power Source
11.1.4. Control System
11.1.5. Others
11.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Soft Exoskeleton
11.2.2. Rigid Exoskeleton
11.3. Body Part Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Lower Body
11.3.2. Upper Body
11.3.3. Full Body
11.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Healthcare
11.4.2. Industrial
11.4.3. Military
11.4.4. Others
11.5. Country Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Poland
11.5.8. Rest of Europe
11.6. Europe Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2023 - 2029
11.7. Europe Smart Exoskeleton Market Dynamics Trends
12. Asia-Pacific Smart Exoskeleton Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Component Type Analysis 2018 - 2022and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Sensors
12.1.2. Actuators
12.1.3. Power Source
12.1.4. Control System
12.1.5. Others
12.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Soft Exoskeleton
12.2.2. Rigid Exoskeleton
12.3. Body Part Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Lower Body
12.3.2. Upper Body
12.3.3. Full Body
12.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Healthcare
12.4.2. Industrial
12.4.3. Military
12.4.4. Others
12.5. Country Analysis2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. Japan
12.5.2. China
12.5.3. India
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2023 - 2029
12.7. Asia-Pacific Smart Exoskeleton Market Dynamics Trends
13. Latin America Smart Exoskeleton Market Analysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
13.1. Component Type Analysis 2018 - 2022and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Sensors
13.1.2. Actuators
13.1.3. Power Source
13.1.4. Control System
13.1.5. Others
13.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Soft Exoskeleton
13.2.2. Rigid Exoskkeleton
13.3. Body Part Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Lower Body
13.3.2. Upper Body
13.3.3. Full Body
13.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Healthcare
13.4.2. Industrial
13.4.3. Military
13.4.4. Others
13.5. Country Analysis 2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Argentina
13.5.4. Rest of Latin America
13.6. Latin America Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2023 - 2029
13.7. Latin America Smart Exoskeleton Market Dynamics Trends
14. Middle East and Africa Smart Exoskeleton Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
14.1. Component Type Analysis 2018 - 2022and Forecast 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Sensors
14.1.2. Actuators
14.1.3. Power Source
14.1.4. Control System
14.1.5. Others
14.2. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.2.1. Soft Exoskeleton
14.2.2. Rigid Exoskeleton
14.3. Body Part Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Lower Body
14.3.2. Upper Body
14.3.3. Full Body
14.4. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Healthcare
14.4.2. Industrial
14.4.3. Military
14.4.4. Others
14.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. Israel
14.5.3. South Africa
14.5.4. Rest of MEA
14.6. MEA Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2023 - 2029
14.7. MEA Smart Exoskeleton Market Dynamics Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Esco Bionics (US)
15.2.2. EXHAUST (Canada)
15.2.3. Focal Meditech BV (Netherlands)
15.2.4. Fourier Intelligence Co., Ltd (China)
15.2.5. SUIT X (US)
15.2.6. Hocoma (Switzerland)
15.2.7. Rex Bionics Ltd (New Zealand)
15.2.8. ReWalk Robotics (Israel)
15.2.9. RB3D (France)
15.2.10. Raytheon Company (US)
15.2.11. PARKER HANNIFIN CORP (US)
15.2.12. Ottobock (Germany)
15.2.13. DIH Technologies Corporation (US)
15.2.14. B-Temia (Canada)
16. Research Methodology
17. Key Assumptions and Acronyms
  • Esco Bionics (US)
  • EXHAUST (Canada)
  • Focal Meditech BV (Netherlands)
  • Fourier Intelligence Co., Ltd (China)
  • SUIT X (US)
  • Hocoma (Switzerland)
  • Rex Bionics Ltd (New Zealand)
  • ReWalk Robotics (Israel)
  • RB3D (France)
  • Raytheon Company (US)
  • PARKER HANNIFIN CORP (US)
  • Ottobock (Germany)
  • DIH Technologies Corporation (US)
  • B-Temia (Canada)

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