- Sensors
- Actuators
- Power Source
- Control System
- Others
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% over 2022–2028. A smart exoskeleton is a powered wearable sensors suit that is precisely designed for enhancing user safety. They also enhance human efficiency to do 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 had a negative impact on 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 business and making further developments in their products. Recent Market Developments: In July 2021, Start-Up Auxivo AG launched an educational robotic exoskeleton kit on Kickstarter.
Smart Exoskeleton Market Summary
Study Period
2023-29
Base Year
2022
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.
North-America Got Significant Share
Smart Exoskeleton Market
North America dominates the smart exoskeleton market over the forecasted period owing to growing disabilities in the region and huge investments by private organizations and government bodies within the region. Furthermore, with the existence of prominent players and many more would come which undoubtedly expand the smart exoskeleton market in this region. Asia-Pacific is anticipated to have considerable growth in the coming few years due to an increase in the aged population in the region, enhances the demand for the exoskeleton for rehabilitation, and rising funding from the government and private sectors in the healthcare system.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The smart exoskeleton market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
- 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 startup details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
- The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
Smart Exoskeleton Market Segmentation
component type
By Type
- Soft Exoskeleton
- Rigid Exoskeleton
By Application
- Healthcare
- Industrial
- Military
- Others
Frequently Asked Questions
A smart exoskeleton is a powered system that collects feedback from the wearer to provide greater help to specific body parts or the full body while reducing energy consumption. Smart exoskeleton that adjusts to human body motions automatically and aids in optimal performance.
North America is projected to account for a significant share of the global smart exoskeleton market during the forecasted period.
The smart exoskeleton market is driven by an increase in the patient population across the globe, favourable reimbursement policies, and an increase in the wide range of applications of smart exoskeletons in various sectors.
| 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,2017 - 2021 and Forecast, 2022 - 2028 |
| 4.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
| 5.1. Sensors |
| 5.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) |
| 6.1. Soft Exoskeleton |
| 6.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
| 7.1. Lower Body |
| 7.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 – 2021 and Forecast, 2022 – 2028(Revenue, USD Mn) |
| 8.1. Healthcare |
| 8.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017–2021 and Forecast, 2022–2028(Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2017 - 2021 and Forecast, 2022 - 2028 (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, 2022 - 2028 |
| 10. North America Smart Exoskeleton MarketAnalysis,2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
| 10.1. Component Type Analysis 2017–2021and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028by 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, 2022 - 2028 |
| 10.7. North America Smart Exoskeleton Market Dynamics – Trends |
| 11. Europe Smart Exoskeleton Market Analysis, 2017–2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
| 11.1. Component Type Analysis 2017–2021and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017–2021and Forecast 2022 - 2028 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, 2022 - 2028 |
| 11.7. Europe Smart Exoskeleton Market Dynamics – Trends |
| 12. Asia-Pacific Smart Exoskeleton Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 12.1. Component Type Analysis 2017–2021and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 Analysis2017–2021and Forecast 2022 - 2028 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, 2022 - 2028 |
| 12.7. Asia-Pacific Smart Exoskeleton Market Dynamics – Trends |
| 13. Latin America Smart Exoskeleton Market Analysis,2017 - 2021 and Forecast, 2022–2028 (Revenue, USD Mn) |
| 13.1. Component Type Analysis 2017–2021and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017–2021and Forecast 2022 - 2028 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, 2022 - 2028 |
| 13.7. Latin America Smart Exoskeleton Market Dynamics – Trends |
| 14. Middle East and Africa Smart Exoskeleton Market Analysis, 2017 - 2021 and Forecast, 2022 - 2028 (Revenue, USD Mn) |
| 14.1. Component Type Analysis 2017–2021and Forecast 2022 - 2028by 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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 2017 - 2021 and Forecast 2022 - 2028 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, 2022 - 2028 |
| 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)