Smart Exoskeleton Global Market Report 2025

The smart exoskeleton market size has grown rapidly in recent years. It will grow from $3.66 billion in 2024 to $4.18 billion in 2025 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be linked to increasing adoption in rehabilitation centers, growing demand for assistive mobility devices, rising investments in healthcare robotics, expansion of industrial automation, and increasing government support for defense exoskeleton programs.

The smart exoskeleton market size is expected to see rapid growth in the next few years. It will grow to $7.04 billion in 2029 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be driven by growing demand for wearable robotic solutions, increasing focus on worker safety and productivity, rising use of exoskeletons in rehabilitation therapies, expanding applications in military and logistics, and increasing awareness of ergonomic workforce solutions. Major trends in the forecast period include technological advancements in sensor integration, innovations in artificial intelligence-powered control systems, developments in lightweight and flexible materials, research and development in adaptive motion technologies, and advancements in cloud-connected exoskeleton platforms.

The growing military and defense sector is expected to drive the expansion of the smart exoskeleton market. In this context, smart exoskeletons are applied to enhance soldiers’ strength, endurance, and mobility while reducing fatigue and the risk of injury during combat or heavy-duty operations. This growth is fueled by rising demand for advanced wearable technologies that boost soldier performance, improve operational efficiency, and support logistics applications. Smart exoskeletons enable soldiers to carry heavy loads, move efficiently, and maintain endurance during missions, thereby enhancing safety and overall battlefield performance. For example, in April 2024, the Stockholm International Peace Research Institute (SIPRI), a Sweden-based nonprofit foundation, reported that global military expenditure reached $2.44 trillion in 2023 - a 6.8% increase in real terms compared to 2022. This demonstrates the increasing government investment in technologies such as smart exoskeletons to strengthen defense capabilities.

Companies in the smart exoskeleton market are focusing on next-generation innovations, including customizable exoskeletons with cloud connectivity and enhanced mobility features. Customizable exoskeletons are wearable robotic frameworks designed to augment or restore human movement, tailored to individual body dimensions, physical needs, and functional requirements. These systems are used across medical, industrial, and military applications. For instance, in April 2025, Lifeward Ltd., an Israel-based medical technology company, launched the ReWalk 7 Personal Exoskeleton nationwide to assist individuals with spinal cord injuries. This seventh-generation exoskeleton integrates cloud connectivity and adjustable walking speeds, offering a personalized, functional walking experience. Developed with input from clinicians and patients, it incorporates advanced technologies to improve safety, comfort, and mobility, empowering users to walk confidently in everyday environments and enhance quality of life.

Strategic acquisitions are also strengthening companies’ smart exoskeleton portfolios. In June 2025, Bioness Inc., a US-based technology company, acquired Harmonic Bionics for an undisclosed amount. Through this acquisition, Bioness aims to expand its neuro-rehabilitation technology offerings by adding advanced upper extremity robotic exoskeletons for patients recovering from neurological injuries such as stroke and traumatic brain injury. Harmonic Bionics, a US-based robotics company, provides a smart exoskeleton as its flagship product, complementing Bioness’s mission to deliver innovative rehabilitation solutions.

Major companies operating in the smart exoskeleton market are HONDA MOTOR CO. Ltd., Hyundai Motor Company, Lockheed Martin Corporation, Parker Hannifin Corporation, Ottobock SE & Co. KGaA, Stellantis N.V., Fourier Intelligence, CYBERDYNE INC., Hocoma AG, GERMAN BIONIC SYSTEMS GMBH, Ekso Bionics Holdings Inc., ReWalk Robotics, ExoAtlet, Rex Bionics Ltd., Bionik Laboratories Corp., SuitX, B-Temia Inc., Gogoa Mobility Robots, Technaid Inc., Bioservo Technologies AB, DIH Medical.

North America was the largest region in the smart exoskeleton market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in smart exoskeleton report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart exoskeleton market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The fast surge in U.S. tariffs and the trade tensions that followed in spring 2025 are heavily affecting the medical equipment sector, particularly for imported imaging machine components, surgical-grade stainless steel, and plastic disposables. Hospitals and clinics resist price hikes, pressuring manufacturers’ margins. Regulatory hurdles compound the problem, as tariff-related supplier changes often require re-certification of devices, delaying time-to-market. Companies are mitigating risks by dual-sourcing critical parts, expanding domestic production of commoditized items, and accelerating R&D in cost-efficient materials.

The smart exoskeletons market research report is one of a series of new reports that provides smart exoskeletons market statistics, including smart exoskeletons industry global market size, regional shares, competitors with a smart exoskeletons market share, detailed smart exoskeletons market segments, market trends and opportunities, and any further data you may need to thrive in the smart exoskeletons industry. These smart exoskeletons market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A smart exoskeleton is an advanced wearable device designed to enhance, support, or restore human physical capabilities. It incorporates sensors, actuators, and intelligent control systems to assist movement, strengthen physical performance, or aid in rehabilitation. Widely used in healthcare, industrial, and military settings, it improves mobility, reduces fatigue, and helps prevent injuries. By integrating robotics with real-time feedback, smart exoskeletons create a seamless connection between human intent and mechanical assistance.

The main components of smart exoskeletons include hardware, software, and services. Hardware consists of the physical elements of the system - such as sensors, actuators, frames, power sources, and control units - that work together to detect human motion, deliver mechanical support, and maintain stability during operation. They are available in various types, including rigid, soft, and ultra-soft designs, and can be developed for specific body regions such as the upper body, lower body, or full body. These systems are used across several end-user sectors, including industrial, healthcare, military, and others.

The smart exoskeleton market consists of revenues earned by entities by providing services such as design, development, manufacturing, leasing, and maintenance of wearable robotic suits. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart exoskeleton market also includes sales of upper-limb exoskeletons, lower-limb exoskeletons, full-body exoskeletons, and soft or wearable robotic suits. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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