Passive Exoskeleton Market size was valued at USD 1.2 Billion in 2024 and is forecasted to grow at a CAGR of 12.3% from 2026 to 2033, reaching USD 3.5 Billion by 2033.
The global passive exoskeleton market was valued at approximately USD 200 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.5% from 2023 to 2030. This growth is driven by increasing demand in industries such as healthcare, manufacturing, and logistics, where passive exoskeletons are used to reduce physical strain and prevent musculoskeletal injuries. The North American region holds a significant share of the market, accounting for around 40% of the global revenue in 2022, owing to the high adoption of advanced wearable technologies in industries and healthcare settings. Europe is also a key market, contributing to nearly 30% of the total market size, with strong investments in healthcare innovation and industrial applications. The Asia Pacific region is anticipated to witness the highest growth rate, with an expected CAGR of 15% during the forecast period, driven by increasing industrial automation and rising healthcare investments in countries like Japan, China, and South Korea.
In terms of opportunities, the market in the Asia Pacific region presents significant growth potential due to the rising focus on worker safety and increasing adoption of automation in industries such as automotive and construction. Meanwhile, North America and Europe are expected to continue expanding due to their well established healthcare systems and growing elderly population, which demands assistive devices for mobility and rehabilitation. The demand for passive exoskeletons is also expected to rise in logistics, with companies seeking solutions to enhance worker efficiency and reduce injuries. Furthermore, the growing focus on sustainable technologies is likely to fuel the demand for exoskeletons that do not require external power sources, thus driving market growth in the coming years.
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Bionik Laboratories (Canada)
B-Temia (Canada)
CYBERDYNE (Japan)
Ekso Bionics (US)
Focal Meditech (Netherlands)
DIH Technologies (China)
Hyundai Motor (South Korea)
Lockheed Martin (US)
Meditouch (Israel)
Ottobock (Germany)
ReWalk Robotics (Israel)
Exhauss (France)
Fourier Intelligence (China)
GOGOA Mobility Robots (Spain)
P&S Mechanics (South Korea)
suitX (US)
ATOUN (Japan)
Daiya Industry Co. (Japan)
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Passive Exoskeleton Market
Lower-Limb Exoskeletons
Upper-Limb Exoskeletons
Full-Body Exoskeletons
Adaptive Exoskeletons
Active Passive
Fully Passive
Healthcare
Manufacturing
Construction
Aerospace
Military and Defense
Metal
Polymer
Composite Materials
Below 100 kg
100-200 kg
Above 200 kg
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Passive Exoskeleton Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Passive Exoskeleton Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Passive Exoskeleton Market, By Type
6. Global Passive Exoskeleton Market, By Application
7. Global Passive Exoskeleton Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Passive Exoskeleton Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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