U.S. Exoskeleton Market Size & Outlook, 2023-2030
U.S. exoskeleton market, 2016-2030 (US$M)
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U.S. exoskeleton market highlights
- The U.S. exoskeleton market generated a revenue of USD 71.7 million in 2023 and is expected to reach USD 168.6 million by 2030.
- The U.S. market is expected to grow at a CAGR of 13% from 2024 to 2030.
- In terms of segment, lower body was the largest revenue generating extremities in 2023.
- Upper Body is the most lucrative extremities segment registering the fastest growth during the forecast period.
Exoskeleton market data book summary
| Market revenue in 2023 | USD 71.7 million |
| Market revenue in 2030 | USD 168.6 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Lower body |
| Fastest growing segment | Upper Body |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Upper Body, Lower Body, Full Body |
| Key market players worldwide | Ekso Bionics Holdings Inc, Lockheed Martin Corp, Ottobock, Rex Bionics, Rewalk Robotics Ltd, Cyberdyne Inc, Panasonic Holdings Corp, Hocoma, RB3D |
Other key industry trends
- In terms of revenue, U.S. accounted for 47.3% of the global exoskeleton market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. exoskeleton market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 10.4 million by 2030.
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Exoskeleton Market Scope
Exoskeleton Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. exoskeleton market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to exoskeleton market will help companies and investors design strategic landscapes.
Lower body was the largest segment with a revenue share of 42.4% in 2023. Horizon Databook has segmented the U.S. exoskeleton market based on upper body, lower body, full body covering the revenue growth of each sub-segment from 2016 to 2030.
Growing adoption of exoskeletons in healthcare, rehabilitation centers, military, and industrial processes, among others, is driving the market growth. Increasing interest of the U.S. military in developing exoskeletons can be observed through its investments in R&D projects directed toward enhancing functionalities of existing exoskeletons.
For instance, the U.S. Defense Advanced Research Projects Agency (DARPA) initiated a project known as Exoskeletons for Human Performance Augmentation. The U.S. military has also awarded several R&D project contracts to various robotic companies and research centers in the U.S. to improve existing exoskeleton technology.
These are some of the prominent examples of government interest in the development and adoption of exoskeletons. Similarly, the adoption of exoskeletons in healthcare for tendon therapies and rehabilitation centers is increasing.
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Our clientele includes a mix of exoskeleton market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. exoskeleton market , including forecasts for subscribers. This country databook contains high-level insights into U.S. exoskeleton market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. exoskeleton market size, by extremities, 2016-2030 (US$M)
U.S. Exoskeleton Market Outlook Share, 2023 & 2030 (US$M)
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