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Segmentation, Major Trends, and Competitive Overview of the Smart Exoskeleton Market
Smart Exoskeleton
Forecasted Market Size and Growth Trajectory of the Smart Exoskeleton Market
By 2029, the smart exoskeleton market is projected to reach a valuation of $7.04 billion, expanding at a robust compound annual growth rate (CAGR) of 13.9%. This growth is fueled by increasing adoption of wearable robotic technologies, heightened emphasis on improving worker safety and productivity, broader use of exoskeletons in rehabilitation therapies, and growing applications in military and logistics sectors. Additionally, rising awareness of ergonomic solutions for the workforce supports this market's upward trajectory. Technological trends anticipated to influence this expansion include advancements in sensor technology, AI-driven control systems, development of lightweight and flexible materials, adaptive motion research, and the emergence of cloud-connected exoskeleton platforms.
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Top Companies Leading the Smart Exoskeleton Market Landscape
The smart exoskeleton sector includes several prominent companies shaping its development and market dynamics. Key players include 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, and DIH Medical.
A notable market development occurred in June 2025 when Bioness Inc., a US-based tech company, acquired the assets and business of Harmonic Bionics. This strategic purchase aims to broaden Bioness Medical's neuro-rehabilitation product range by incorporating advanced upper extremity robotic exoskeletons designed for patients recovering from neurological injuries such as stroke and traumatic brain injury. Harmonic Bionics, also based in the US, is known for its flagship smart exoskeleton product.
Driving Trends Accelerating Smart Exoskeleton Market Expansion
Innovation is a key focus area for smart exoskeleton companies, with many concentrating on customizable solutions to enhance user experience and functionality. These customizable exoskeletons are robotic wearable systems tailored to an individual's body measurements, physical requirements, and functional goals. They are increasingly utilized in rehabilitation, mobility support, and performance enhancement across medical, industrial, and military sectors.
For example, in April 2025, Lifeward Ltd., an Israeli medical technology firm, launched the ReWalk 7 Personal Exoskeleton across the country. This seventh-generation device offers cloud connectivity and adjustable walking speeds, providing a personalized and practical mobility aid for individuals with spinal cord injuries. Developed in collaboration with clinicians and patients, it incorporates cutting-edge technology to improve safety, comfort, and walking ability, ultimately empowering users to navigate everyday life more confidently and independently.
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How the Smart Exoskeleton Market Is Categorized
The smart exoskeleton market is divided into several segments for a comprehensive understanding:
1) By Component: Hardware, Software, and Services
2) By Type: Rigid Smart Exoskeleton, Soft Smart Exoskeleton, Ultra Soft Smart Exoskeleton
3) By Body Part: Upper Body, Lower Body, Full Body
4) By End User: Industrial, Healthcare, Military, and Other End Users
Further detailed segmentation includes:
- Hardware components such as Sensors, Actuators, Power Sources, Control Systems, Frames and Structures, Controllers and Processors, and Communication Modules
- Software components covering Motion Control Software, AI and Machine Learning Algorithms, Data Analytics and Monitoring Software, User Interface and Customization Tools, and Cloud Integration Platforms
- Service components like Training and Support Services, Maintenance and Repair, System Integration, Consulting and Customization, and After-Sales Upgrades
This detailed segmentation reflects the diverse and evolving nature of the market, highlighting its potential to meet a wide range of application needs across multiple industries.
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Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
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