How has the wearable robotic exoskeleton market evolved, and where is it heading next?
The wearable robotic exoskeleton market size has grown exponentially in recent years. It will grow from $1.71 billion in 2024 to $2.51 billion in 2025 at a compound annual growth rate (CAGR) of 47.1%. The growth in the historic period can be attributed to success stories and early adopters, media and public awareness, human-machine interface improvements, rising awareness of aging population challenges, increased focus on workplace safety.
The wearable robotic exoskeleton market size is expected to see exponential growth in the next few years. It will grow to $9.93 billion in 2029 at a compound annual growth rate (CAGR) of 41.0%. The growth in the forecast period can be attributed to global expansion of exoskeleton manufacturers, integration with augmented reality (AR) and artificial intelligence (AI), regulatory support and standards, cost reductions and affordability, rehabilitation and healthcare opportunities. Major trends in the forecast period include increased adoption in aging populations, expanding applications in neurorehabilitation, diversification in industrial sectors, advanced human-machine interfaces, integration with AI and robotics.
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What are the key drivers behind the rapid expansion of the wearable robotic exoskeleton market?
The rising prevalence of disabilities is expected to propel the growth of the wearable robotic exoskeletons market going forward. Disabilities are physical, mental, or sensory impairments that significantly limit an individual’s ability to perform daily activities or participate in society. The increase in disabilities can be attributed to a combination of factors, including an aging population, rising chronic health conditions, greater awareness and diagnosis of disabilities, and lifestyle-related issues such as obesity and sedentary behavior. Disabilities require wearable robotic exoskeletons to enhance mobility, provide physical support, facilitate rehabilitation, and improve the overall quality of life by enabling users to perform daily activities more independently and safely. For instance, in October 2024, according to the House of Commons Library, a UK-based ibrary and information resource of the lower house of the British Parliament, an estimated 16.1 million people in the UK had a disability in 2022/23, accounting for 24% of the total population. By February 2024, 6.9 million people in Great Britain were claiming extra-costs disability benefits, representing 10.4% of the population. Therefore, the rising prevalence of disabilities is driving the growth of the wearable robotic exoskeletons market.
What is the segmentation for the wearable robotic exoskeleton market?
The wearable robotic exoskeleton market covered in this report is segmented –
1) By Type: Passive, Powered
2) By Actuation Technology: Electric, Hydraulic, Fully Mechanical, Other Actuation Technology
3) By Application: Rehabilitation, Assistive, Body Parts Support, Sports
4) By End User: Healthcare, Industrial, Defense, Commercial
Subsegments:
1) By Passive Exoskeletons: Soft Exoskeletons, Rigid Exoskeletons
2) By Powered Exoskeletons: Active Lower Limb Exoskeletons, Active Upper Limb Exoskeletons, Full-Body Exoskeletons
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Who are the most influential companies in the wearable robotic exoskeleton market?
Major companies operating in the wearable robotic exoskeleton market report are Lockheed Martin Corporation, Mitsubishi Heavy Industries Ltd., Parker Hannifin Corporation, Comau LLC, Fourier Intelligence, Genesis Robotics, Hocoma AG (DIH International Ltd.), Myomo Inc., Cyberdyne Inc., Sarcos Corporation, ATOUN Inc, Ekso Bionics Holdings Inc., Bioservo Technologies AB, Daiya Industry Co. Ltd., ReWalk Robotics Inc., Skelex AG, Focal Meditech BV, B-Temia Inc., Technaid S.L., GenElek Technologies, Rex Bionics PLC, Innervo Labs, Harmonic Bionics, Gogoa Mobility Robots, Bionik Laboratories Corp., P&S Mechanics Co. Ltd., Skeletonics
What are the most influential trends expected to drive the wearable robotic exoskeleton market forward?
Major companies operating in the wearable robotic exoskeletons market are developing technologically advanced products, such as lightweight exoskeletons, to reduce user fatigue, improve comfort, and enhance mobility. Lightweight exoskeletons are wearable robotic devices designed to assist with movement and support while minimizing additional weight, making them easier to wear for extended periods and enhancing user mobility and comfort. For instance, in June 2023, Comau, an Italy-based company that specializes in industrial automation, and IUVO, a US-based company that develops wearable robotics technologies, in collaboration with Esselunga, an Italy-based retail chain, launched the MATE-XB wearable lumbar exoskeleton. The MATE-XB exoskeleton fully supports the lumbosacral joint during bending and lifting tasks, enabling workers to safely handle loads of up to 25kg. This fully passive device enhances operator safety and well-being, reflecting Comau’s dedication to wearable robotics by offering both upper and lower body support solutions. Additionally, MATE-XB promotes sustainable and measurable ergonomic improvements, contributing to long-term health benefits while improving quality and efficiency in task performance.
What are the major regional insights for the wearable robotic exoskeleton market, and which region holds the top position?
North America was the largest region in the wearable robotic exoskeleton market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wearable robotic exoskeleton market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Wearable Robotic Exoskeleton Market Report 2025 Offer?
The wearable robotic exoskeleton market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A wearable robotic exoskeleton is an instrument that is worn by a human person to support, help, or enhance their mobility and physical capabilities. It is utilized to assist people in lifting heavy weights, enhance physical endurance, or regain movement for crippled people.
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