Exoskeleton Market Size, Share, Growth Analysis, By Body Type(Full Body, Upper Extremities, Lower Extremities), By Component(Hardware, and Software), By Structure(Flexible, and Rigid), By Type(Powered Exoskeletons, Passive Exoskeletons, Pseudo-Passive Exoskeletons, and Hybrid-Exoskeletons), By Mobility(Mobile, and Stationary), By Industry(Healthcare, Defense & Military, Construction, and Others), By Region - Industry Forecast 2024-2031

Drivers

Use in Military and Healthcare Applications 

• Exoskeletons are gaining massive popularity in the military and healthcare industries owing to their impressive application scope. In healthcare exoskeletons are being used for rehabilitation of the physically disabled people whereas in military they are being used to provide additional strength and security to soldiers.  

Emphasis on Workplace Safety 

• Workers working in dangerous and risky environments are prone to injuries and use of exoskeletons can help prevent this by offering workers extra strength and support to endure and avoid injuries. Impositions of worker safety mandates will also help promote exoskeleton demand outlook over the coming years.  

Restraints 

Limited Awareness and Acceptance 

• Exoskeletons are a relatively new concept to people and not many people are aware of their use and associated benefits. This lack of awareness and hesitation in acceptance of workers is slated to slow down the demand for exoskeletons over the coming years. 

Technical Complexities of Development and Use 

• Exoskeletons are made up of advanced technologies and integrating them with the human body in an efficient and safe manner is a highly complex task, which is also expected to impede market development in the future.