Global Exoskeleton Market Projected to Reach USD 7.46 Billion by 2029, with a Striking CAGR of 31.2%


Exploring the Future: In-depth Analysis of the Global Exoskeleton Market

Exoskeleton Market Values:

The Global Exoskeleton Market is poised for exceptional growth, with an anticipated valuation of $7.46 billion by 2029. The market is projected to achieve this remarkable expansion at an impressive compound annual growth rate (CAGR) of 31.2% during the forecast period.

Exoskeleton Market Report Scope and Research Methodology

Report Scope:

This comprehensive report offers an insightful exploration of the Global Exoskeleton Market, encompassing diverse facets such as COVID-19 impact analysis, short-term and long-term market implications, research methodology, key drivers, restraints, and regional insights.

Research Methodology:

Leveraging reputable sources including Bloomberg, Hoovers, and Factiva, this report employs rigorous research methodologies to extract critical insights. Insights from top manufacturing companies and stakeholders validate trends, ensuring the accuracy of market evaluations. A blend of top-down and bottom-up approaches, data triangulation, and comparative analysis contribute to precise estimations of the global and regional market size.

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What are Exoskeleton Market Dynamics?

Market Drivers and Restraints

The market surge is fueled by escalating demand for human augmentation in industrial and military sectors, along with a growing need for robotic rehabilitation in healthcare. However, stringent governmental regulations related to medical applications present a notable challenge to the exoskeleton market’s expansion.

What is Exoskeleton Market Segmentation?

by Component


by Type


by Mobility


by Body Part

Full Body
Upper Extremities
Lower Extremities

by Vertical


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 Who are Exoskeleton Market Key Players?

1. Cyberdyne
2. Bionik Laboratories
3. Ekso Bionics
4. B-Temia
5. Focal Meditech
6. Lockheed Martin
7. DIH Technologies
8. Rewalk Robotics
9. Ottobock
11.Honda Motor
12.Parker Hannifin
14.Rex Bionics
15.Mitsubishi Heavy Industries
18.Daiya Industry Co.

Key Findings:

Hardware components, contributing to over 88% of the market in 2016, especially control systems, drive substantial value in exoskeleton cost.
Mobile exoskeletons, constituting 68% of the market in 2016, are projected to exhibit higher growth due to their compact size, lightweight, and versatile operation.
Software segment’s growth is poised for a significant CAGR surge, reflecting the increasing technological complexity of exoskeletons.
The stationary segment is expected to surpass $1.3 billion by 2029, driven by the growing application of stationary systems in rehabilitation centers.
North America, with its key players, rising geriatric population, and diverse industry adoption, led the exoskeleton market with 45% in 2016.

Exoskeleton Market Key Highlights:

Detailed competitive analysis, encompassing mergers, acquisitions, collaborations, product developments, and more.
The report offers a comprehensive analysis of exoskeleton components, types, mobility, body parts, verticals, and geographies.
Precise quantitative analysis from 2022 to 2029 aids stakeholders in seizing market opportunities.
Thorough examination of segments, dynamics, size, competition, and value chain.
In-depth understanding of growth trends, prospects, and market contribution by segment.
Valuable insights for enhanced business strategy development and competitive positioning.
Comprehensive insights into growth influencers – drivers, restraints, opportunities, and challenges.
This report empowers stakeholders to gain an edge in the competitive landscape.

Table of content for the Exoskeleton Market includes:


2.1. Exoskeleton Market Definition
2.2. Exoskeleton Market Scope
2.3. Exoskeleton Data Sources

3.1. Exoskeleton Market Drivers
3.2. Exoskeleton Market Restraints
3.3. Exoskeleton Market Opportunities

4.1. Exoskeleton Value Chain Analysis
4.2. Exoskeleton Key Trends

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Regional Insights:

Asia-Pacific: The region takes the lead with over 45% of the global exoskeleton market share in 2016. The prevalence of key industry players, coupled with increased adoption in military, healthcare, and consumer sectors, propels Asia-Pacific’s market dominance.

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Product
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

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