Global Powered Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Actuator (Electric, Pneumatic, Hydraulic, Fuel Cell, Others), Structure (Rigid, Soft), Vertical (Healthcare, Military, Industrial, Civilian/Consumer), and Region: Trend Forecast and Growth Opportunity
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Global powered exoskeletons market will reach $15.14 billion by 2032, growing by 34.2% annually over 2022-2032, driven by the rapid development of exoskeleton technologies, an increase in the physically challenged population, the rising demand for rehabilitation therapy, and the adoption of exoskeletons in military and defense. The annual sales volume is expected to grow by 44.8% annually over the forecast period.
Highlighted with 101 tables and 145 figures, this 236-page report “Global Powered Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Mobility (Mobile, Stationary, Tethered), Actuator (Electric, Pneumatic, Hydraulic, Fuel Cell, Others), Structure (Rigid, Soft), Vertical (Healthcare, Military, Industrial, Civilian/Consumer), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global powered exoskeletons market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global powered exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Mobility, Actuator, Structure, Vertical, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Sensors
o Actuators
o Power Sources
o Controllers
o Other Hardware
• Software
• Service
Based on Function, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Upper Body Exoskeletons
• Lower Body Exoskeletons
• Full Body Exoskeletons
By Mobility, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Mobile Exoskeletons
• Stationary Exoskeletons
• Tethered Exoskeletons
By Actuator, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Electric Actuator
• Pneumatic Actuator
• Hydraulic Actuator
• Fuel Cell Actuator
• Other Actuator Types
By Structure, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Rigid Exoskeletons
• Soft Exoskeletons
By Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Healthcare Sector
o Rehabilitation
o Mobility Aid
• Military Sector
• Industrial Sector
o Manufacture
o Construction
o Logistics
o Other Industrial Applications
• Civilian/Consumer Sector
Geographically, the following regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Israel, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) and sales volume (units) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market by Function, Mobility, and Vertical over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AlterG Inc.
Atoun Inc.
Bionic Power Inc.
Bionik Laboratiories Corp.
Cyberdyne Inc.
Daewoo Shipbuilding & Marine Engineering Co., Ltd.
Ekso Bionics Holdings Inc.
Honda Motor Co., Ltd.
Lockheed Martin Corp.
Myomo Inc.
Noonee
Panasonic Holdings Corp.
Parker Hannifin Corp.
Reha Technology AG
ReWalk Robotics Inc.
Rex Bionics Ltd.
Robotdalen
Sarcos Corporation
US Bionics Inc. (Suitx)
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 12
1.1 Industry Definition and Research Scope 12
1.1.1 Industry Definition 12
1.1.2 Research Scope 14
1.2 Research Methodology 17
1.2.1 Overview of Market Research Methodology 17
1.2.2 Market Assumption 18
1.2.3 Secondary Data 18
1.2.4 Primary Data 18
1.2.5 Data Filtration and Model Design 19
1.2.6 Market Size/Share Estimation 20
1.2.7 Research Limitations 21
1.3 Executive Summary 22
2 Market Overview and Dynamics 25
2.1 Market Size and Forecast 25
2.1.1 Impact of COVID-19 on World Economy 28
2.1.2 Impact of COVID-19 on the Market 31
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 33
2.2 Major Growth Drivers 37
2.3 Market Restraints and Challenges 43
2.4 Emerging Opportunities and Market Trends 46
2.5 Porter’s Fiver Forces Analysis 50
3 Segmentation of Global Market by Offering 54
3.1 Market Overview by Offering 54
3.2 Hardware 56
3.2.1 Sensors 57
3.2.2 Actuators 58
3.2.3 Actuator Sources 59
3.2.4 Controllers 60
3.2.5 Other Hardware 61
3.3 Software 62
3.4 Services 63
4 Segmentation of Global Market by Function 64
4.1 Market Overview by Function 64
4.2 Upper Body Exoskeletons 68
4.3 Lower Body Exoskeletons 70
4.4 Full Body Exoskeletons 72
5 Segmentation of Global Market by Mobility 74
5.1 Market Overview by Mobility 74
5.2 Mobile Exoskeletons 78
5.3 Stationary Exoskeletons 80
5.4 Tethered Exoskeletons 82
6 Segmentation of Global Market by Actuator 84
6.1 Market Overview by Actuator 84
6.2 Electric Actuator 88
6.3 Pneumatic Actuator 90
6.4 Hydraulic Actuator 92
6.5 Fuel Cell Actuator 94
6.6 Other Types 96
7 Segmentation of Global Market by Structure 98
7.1 Market Overview by Structure 98
7.2 Rigid Exoskeletons 102
7.3 Soft Exoskeletons 104
8 Segmentation of Global Market by Vertical 106
8.1 Market Overview by Vertical 106
8.2 Healthcare Sector 110
8.2.1 Rehabilitation 112
8.2.2 Mobility Aid 113
8.3 Military Sector 114
8.4 Industrial Sector 116
8.4.1 Manufacture 118
8.4.2 Construction 119
8.4.3 Logistics 120
8.4.4 Other Industrial Applications 121
8.5 Civilian/Consumer Sector 122
9 Segmentation of Global Market by Region 124
9.1 Geographic Market Overview 2022-2032 124
9.2 North America Market 2022-2032 by Country 130
9.2.1 Overview of North America Market 130
9.2.2 U.S. 136
9.2.3 Canada 139
9.2.4 Mexico 141
9.3 European Market 2022-2032 by Country 143
9.3.1 Overview of European Market 143
9.3.2 Germany 149
9.3.3 U.K. 151
9.3.4 France 153
9.3.5 Spain 155
9.3.6 Italy 157
9.3.7 Russia 159
9.3.8 Rest of European Market 161
9.4 Asia-Pacific Market 2022-2032 by Country/Region 163
9.4.1 Overview of Asia-Pacific Market 163
9.4.2 Japan 169
9.4.3 China 172
9.4.4 Australia 174
9.4.5 India 176
9.4.6 South Korea 178
9.4.7 Rest of APAC Region 180
9.5 South America Market 2022-2032 by Country 182
9.5.1 Argentina 188
9.5.2 Brazil 190
9.5.3 Chile 192
9.5.4 Rest of South America Market 194
9.6 MEA Market 2022-2032 by Country 195
9.6.1 Israel 201
9.6.2 Saudi Arabia 203
9.6.3 South Africa 205
9.6.4 Other National Markets 207
10 Competitive Landscape 208
10.1 Overview of Key Vendors 208
10.2 New Product Launch, Partnership, Investment, and M&A 213
10.3 Company Profiles 216
AlterG Inc. 216
Atoun Inc. 218
Bionic Power Inc. 219
Bionik Laboratiories Corp. 220
Cyberdyne Inc. 221
Daewoo Shipbuilding & Marine Engineering Co., Ltd. 222
Ekso Bionics Holdings Inc. 223
Honda Motor Co., Ltd. 224
Lockheed Martin Corp. 225
Myomo Inc. 226
Noonee 227
Panasonic Holdings Corp. 228
Parker Hannifin Corp. 229
Reha Technology AG 230
ReWalk Robotics Inc. 231
Rex Bionics Ltd. 232
Robotdalen 233
Sarcos Corporation 234
US Bionics Inc. (Suitx) 235
RELATED REPORTS 236
Research Methodology:
Global Powered Exoskeletons Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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