Exoskeleton System Market Report by Component (Hardware, Software), Type (Powered, Passive), Mobility (Stationery, Mobile), Body Part (Lower Body, Upper Body, Full Body), End-Use Sector (Healthcare, Defense, Industrial, and Others), and Region 2025-2033
The global exoskeleton system market size reached USD 1,618.7 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 29,962.8 Million by 2033, exhibiting a growth rate (CAGR) of 38.3% during 2025-2033.
An exoskeleton system is a wearable man-machine mechanism that utilizes human intelligence and machine power to provide mechanical strength to the user. It consists of a powered wearable suit that is designed to improve user safety and enhance the overall efficiency to perform specific tasks. It uses smart algorithms that adjust and adapt according to the human body motions and is equipped with various sensors and electrical connections to control the components. Exo-suits assist in lifting heavy materials and reduce stress on the user's back muscles and spine. Also, they enable the elderly to walk with ease and prevent fall-related injuries. Currently, these systems find extensive applicability across various sectors including healthcare, military and industrial.
Exoskeleton System Market Trends:
The growing need for exoskeletons in the rehabilitation centers along with the increasing industrial activities across the globe are the key factors driving the market growth. The development of motor-equipped robots to assist human body mechanics is another factor contributing to the market growth. The growing prevalence of heart strokes, spinal cord injuries and paralysis among patients has also shaped the exoskeleton system market outlook.
The rising adoption rates of exoskeletons across military and industrial sectors are providing a boost to the exoskeleton system market growth. In these sectors, the systems are custom-fitted according to body parts and are made using fiberglass, carbon fiber and aluminum depending on the strength required. Moreover, they efficiently provide support to multiple joints and detect human movements to initiate the appropriate responses of the exoskeleton actuators, thus boosting the product demand further in the military and industrial sectors. This is further expanding the exoskeleton system market size.
Key Market Segmentation:
Breakup by Component:
Hardware
Sensors
Actuators
Power Sources
Control Systems
Other Components
Software
Breakup by Type:
Powered
Passive
Breakup by Mobility:
Stationery
Mobile
Breakup by Body Part:
Lower Body
Upper Body
Full Body
Breakup by End-Use Sector:
Healthcare
Defense
Industrial
Others
Breakup by Region:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
The report has provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. According to the exoskeleton system market analysis, North America accounted for the largest revenue share. Some of the factors driving the North America market include advancements in research and development, strong focus on industrial applications, and favorable regulatory environment.
Competitive Landscape:
The global exoskeleton system market is highly fragmented with the presence of several small and large players. Some of the major players in the market are:
Bionik Laboratories Corp.
SuitX (US Bionics, Inc.)
Gogoa Mobility Robots, S.L.
Exhauss Exoskeleton
Atoun Inc.
Fourier Intelligence Co. Ltd.
Honda Motor Co., Ltd.
Daiya Industry Co. Ltd.
Mitsubishi Heavy Industries Ltd.
Rex Bionics Ltd.
Myomo Inc.
Gobio Robot
Parker Hannifin Corp.
Wandercraft SAS
P&S Mechanics Co. Ltd.
The companies in the market are adopting various strategic initiatives including new product launches and business alliances to gain a significant exoskeleton system market share.
Key Questions Answered in This Report
1.What is the expected growth rate of the global exoskeleton system market?
2.What has been the impact of COVID-19 on the global exoskeleton system market?
3.What are the key factors driving the global exoskeleton system market?
4.What is the breakup of the global exoskeleton system market based on the component?
5.What is the breakup of the global exoskeleton system market based on the type?
6.What is the breakup of the global exoskeleton system market based on the end-use sector?
7.What is the breakup of the global exoskeleton system market based on the mobility?
8.Who are the key players/companies in the global exoskeleton system market?
9.What are the key regions in the global exoskeleton system market?