Exoskeleton Market Size & Share 2022 to 2030
Market Size by Product (Stationary, Mobile), by Application (Industrial, Military, Healthcare), Technology (Passive, Semi-Passive, Active) & Global Forecast.
Report ID: GMI1946
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Published Date: May 2022
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Report Format: PDF
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Authors:
Monali Tayade, Jignesh Rawal
Exoskeleton Market Size
Exoskeleton Market size exceeded USD 500 million in 2021 and is projected to expand at over 30% CAGR from 2022 to 2030. The industry growth is attributed to the rising adoption of AI and IoT-powered exosuits for rehabilitation purposes in the medical sector.
Exoskeleton Market Key Takeaways
Market Size & Growth
Key Market Drivers
Challenges
AI-based exoskeleton is used in various applications including rehabilitation centers, manufacturing facilities, construction sites, and military. It enables users to reduce fatigue and strain caused by repetitive tasks as well as reduce the risks of injury caused by lifting, carrying, or moving heavy loads. Additionally, the acceptance of exosuits helps in increasing productivity as well as improving proficiency, further promoting the market expansion.
The COVID-19 pandemic has disrupted the global market sales. The industry statistics witnessed a temporary decline in 2020. Due to government restrictions on import & export, OEMs around the world experienced a shortage of raw materials. The COVID-19 pandemic has led to a decline in the overall manufacturing of electronic components required for exoskeletons because of the supply chain disruptions in the Asia Pacific semiconductor sector. The China semiconductor industry experienced disruptive challenges in component manufacturing owing to the COVID-19 pandemic. However, the ongoing crisis between Russia and Ukraine is positively impacting the market in the military & defense sector of the Europe region.
Exoskeleton Market Analysis
The mobile segment generated a market revenue of around USD 400 million in 2021 on account of the rising demand in the industrial sector. Mobile exoskeletons are designed as wearable mobile machines integrated with actuators and sensors, covering the entire body. These exoskeletons provide the ability to stand, walk, and work mechanically to support body motion.
Several key players are focusing on developing advanced mobile exoskeleton solutions to gain a competitive edge in the market. For instance, in December 2021, Ekso Bionics, a medical equipment manufacturing business based in California, announced the development of new robotic exoskeletons for industrial applications. This is designed to wear by workers for all-day use to maintain ruggedness and durability.
The healthcare segment held over 50% of exoskeleton market share in 2021. Healthcare exoskeletons are integrated for various applications such as spinal cord injury, rehabilitation, multiple sclerosis, stroke, and others. The rise in injuries caused by accidents, work-related musculoskeletal injuries, and other factors are driving the demand for exosuits in the medical industry. According to the WHO, around 20 - 50 million people suffer from non-fatal injuries every year, resulting in a disability. The increasing usage of medical exosuits to actuate & support physical movements will fuel the market value.
The passive technology segment accounted USD 100 million in 2021 and is predicted to observe a 25% growth rate till 2030. This growth is credited to the several factors such as low price, no power consumption, and increased efficiency, among others. Instead of power, they use mechanical energy and mechanical device such as springs, dampeners, etc. These characteristics have encouraged its acceptance in several markets including logistics, construction, military, and aerospace. Several participants, such as Innophys Corporation, Technaid S.L, and ReWalk Robotics, among others, are continuously focusing on distribution strategy to gain a high industry share.
The North America exoskeleton market is estimated to attain a 30% CAGR by 2030. The increasing usage of smart exosuits in military & defense applications provides significant opportunities for component suppliers during the forecast period. They reduce human causalities, perform hazardous tasks, lower the operational costs, collect better intelligence, effective surveillance, and improve the attack capabilities in the military & defense sector. Companies are proactively focusing on expanding business verticals to gain a competitive advantage in the market.
Exoskeleton Market Share
Key participants operating in the market include:
These leaders are proactively focusing on new product developments and launches to gain a competitive advantage.
The exoskeleton market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2022 to 2030 for the following segments:
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Market, By Product
Market, By Application
Market, By technology
The above information has been provided for the following regions and countries:
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
At GMI, our research methodology is built on a foundation of human expertise, rigorous validation, and complete transparency. Every insight, trend analysis, and forecast in our reports is developed by experienced analysts who understand the nuances of your market.
Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
Every forecast includes explicit documentation of:
✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
6. Validation & quality assurance
The final stages involve human validation, where domain experts manually review filtered data to identify nuances and contextual errors that automated systems might miss. This expert review adds a critical layer of quality assurance, ensuring data aligns with research objectives and domain-specific standards.
Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
✓ Market Reality Check
Trust & credibility
Verified data sources
Trade publications
Security & defense sector journals and trade press
Industry databases
Proprietary and third-party market databases
Regulatory filings
Government procurement records and policy documents
Academic research
University studies and specialist institution reports
Company reports
Annual reports, investor presentations, and filings
Expert interviews
C-suite, procurement leads, and technical specialists
GMI archive
13,000+ published studies across 30+ industry verticals
Trade data
Import/export volumes, HS codes, and customs records
Parameters studied & evaluated
Every data point in this report is validated through primary interviews, true bottom-up modelling, and rigorous cross-checks. Read about our research process →