Powered Exoskeleton Market size was valued at USD 2.5 Billion in 2024 and is forecasted to grow at a CAGR of 16.5% from 2026 to 2033, reaching USD 9.2 Billion by 2033.
The global powered exoskeleton market was valued at approximately USD 756.3 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.5% from 2022 to 2030. The market expansion is driven by the rising demand in healthcare for mobility assistance and rehabilitation, coupled with increasing adoption in the industrial and defense sectors for enhanced human performance and safety. North America dominated the global market in 2022, accounting for over 40% of the total revenue share, attributed to advanced healthcare infrastructure, significant defense investment, and early technology adoption. Europe followed closely, driven by government support for assistive technologies and ongoing R&D activities across countries like Germany and France.
Asia Pacific is expected to exhibit the fastest growth during the forecast period due to rising awareness of robotic technologies, increasing aging population, and expanding industrial base in countries like China, Japan, and South Korea. Latin America and the Middle East & Africa represent emerging markets with growing interest in exoskeleton solutions for rehabilitation and logistics. Opportunities in the powered exoskeleton market lie in developing lightweight, cost effective designs and enhancing AI driven functionalities for real time adaptability. Additionally, expansion into untapped sectors such as agriculture, logistics, and construction presents significant growth potential, especially in developing economies seeking ergonomic support systems to improve workforce productivity and safety.
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Ekso Bionics
Lockheed Martin
Hocoma
Rex Bionics
Portescap
Able Bionics
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 Powered Exoskeleton Market
Soft Exoskeleton
Hard Exoskeleton
Hybrid Exoskeleton
Mobile Exoskeleton
Stationary Exoskeleton
Healthcare
Industrial
Military & Defense
Wearable Exoskeleton
Robotic Exoskeleton
Rehabilitation & Assistive Devices
Strength Enhancement & Labor Assistance
Military & Defense Operations
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 Powered 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 Powered Exoskeleton Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Powered Exoskeleton Market, By Type
6. Global Powered Exoskeleton Market, By Application
7. Global Powered Exoskeleton Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Powered Exoskeleton Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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