Exoskeleton market seen hitting $2.35B by 2031

Mordor Intelligence says the global exoskeleton market will grow from $0.92 billion in 2026 to $2.35 billion by 2031, driven by demand in healthcare, manufacturing and defense. North America leads today, while Asia-Pacific is expected to grow fastest as wearable robotics adoption broadens.

Why it matters: - Exoskeletons are moving from niche rehabilitation tools into broader healthcare, industrial and defense use. - The shift could affect patient mobility, worker injury prevention and military support, making wearable robotics a larger commercial category. - Mordor Intelligence projects the market will more than double by 2031, signaling sustained investment across multiple end markets.

What happened: - Mordor Intelligence said the exoskeleton market is estimated at $0.92 billion in 2026. - The market is projected to reach $2.35 billion by 2031. - The forecast implies a 20.63% compound annual growth rate from 2026 through 2031. - The report was released July 14, 2026, from Hyderabad, Telangana, India.

The details: - Healthcare demand is rising as neurological disorders, spinal cord injuries and age-related mobility limits increase the need for rehabilitation systems. - Hospitals and specialized rehabilitation centers are adopting wearable robotics for gait training, mobility support and rehabilitation outcomes. - Industrial buyers in automotive, logistics, aerospace and heavy industry are using exoskeletons to reduce fatigue, improve ergonomics and lower musculoskeletal injuries. - Powered exoskeletons are improving through advances in sensors, lightweight materials, battery systems and intelligent control technologies. - Mordor Intelligence said manufacturers are expanding into rehabilitation, lifting and defense applications with more advanced powered systems. - North America is the largest regional market, supported by healthcare, manufacturing and defense adoption. - Europe holds a significant share, helped by industrial automation, ergonomics initiatives and robotic rehabilitation use. - Asia-Pacific is expected to be the fastest-growing region, with momentum from robotics investment, rehabilitation infrastructure and government support for advanced manufacturing. - The report breaks the market down by mobility type, power source or mode, body part, end user and geography. - Key companies listed in the report include Ekso Bionics Holdings Inc., CYBERDYNE Inc., ReWalk Robotics Ltd., Ottobock SE & Co. KGaA, Hocoma AG, SuitX, German Bionic Systems GmbH, Lockheed Martin Corporation, Sarcos Technology and Robotics Corporation and Fourier Intelligence.

Between the lines: - The market is described as fragmented, which usually means no single player dominates and product differentiation matters. - Competition is centered on innovation in wearable robotics, lightweight materials, intelligent controls and battery technology. - The report suggests companies are also competing through collaborations, regulatory approvals and geographic expansion. - Recent activity reinforces that trend: German Bionic expanded EXIA deployments in logistics and manufacturing in May 2026, and Stanford University and Ant Group introduced the Universal Manipulation Exoskeleton in June 2026. - The use cases highlighted in the report point to a market still shaped by practical ROI, not just technical novelty.

What's next: - Mordor Intelligence expects adoption to continue widening as hospitals, factories and military programs look for mobility support and injury prevention tools. - Asia-Pacific's growth trajectory suggests more regional investment in robotics and rehab capacity. - Continued product development in powered and soft exosuit designs is likely to shape the next wave of competition. - The full report is available in multiple languages, including Japanese, French, German, Spanish and Portuguese, and the market report is available online.

The bottom line: - Exoskeletons are becoming a broader wearable robotics market, with healthcare still central but industrial and defense demand increasingly important.