Exoskeleton Market Size

Exoskeleton Market size was over USD 1.53 billion in 2024 and is poised to exceed USD 25.34 billion by 2037, witnessing over 24.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of exoskeleton is estimated at USD 1.82 billion. The major element anticipated to influence the market demand is the growth in number of people suffering from spinal cord injuries. Between 250,000 and 500,000 individuals get spinal cord injuries annually globally. The majority of these cases have resulted from avoidable factors including violence and auto accidents.

Furthermore, with technological improvements, the demand for robots is impacted by the specifications of what they are made of and their prospective uses. The introduction of superior materials, sensors and actuators, control systems, and software technologies is a result of ongoing study and development in the field of electrical and electronic engineering. These cutting-edge components have made it simpler to develop exoskeletons that are new, better, very power-efficient, self-powered, lightweight, less complicated, and portable.