Global Smart Exoskeleton Market growing at a CAGR of 13.6% from 2023 to 2030

Category : Semiconductor And Electronics | Published Date : Aug 2023

Key Market Overview

The global smart exoskeleton market was valued at USD 5,037.91 Million in 2022. The market is expected to register a compound annual growth rate of 13.6% and is anticipated to reach USD 13,906.95 Million in 2030.

The report highlights the growing demand for smart exoskeletons from industrial and military sectors as key factor driving the market growth. Consegic Business Intelligence provides an inclusive research report on the smart exoskeleton market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Smart Exoskeleton Market By Overview

Global Smart Exoskeleton Market

The report analyses significant segments component, type, extremity, end user, and region, to identify emerging trends and potential opportunities. The extremity segment is expected to grow due to the increasing demand for upper extremity and full body extremity smart exoskeletons in logistics, industrial and military sectors. The increasing demand od smart exoskeletons for applications that involve lifting, reaching, and performing repetitive movements is accelerating the growth of this segment.

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Market Dynamics



  • Growing military & defense sector is driving the growth of smart exoskeleton market.
  • Increasing adoption of smart exoskeletons for occupational safety & worker well-being is driving the market growth.



  • High cost and limited customization are restraining the market growth.

Market Segmentation:

Report Attributes Report Details
By Component Hardware, Software, and Services
By Type Rigid Smart Exoskeleton, Soft Smart Exoskeleton, and Ultra Soft Smart Exoskeleton
By Extremity Lower Extremity, Upper Extremity, and Full Body Extremity
By End Use Industrial, Healthcare, Military, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The global Smart exoskeleton market is highly competitive due to the presence of major players such as Ekso Bionics, ReWalk Robotics, CYBERDYNE INC., Sarcos Technology and Robotics Corporation, operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in Smart exoskeleton are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.

  • Ekso Bionics
  • ReWalk Robotics
  • Sarcos Technology and Robotics Corporation
  • Suitx
  • Hyundai Motor Company
  • COMAU (Stellantis N.V.)
  • Fourier Intelligence