PUBLISHER: The Business Research Company | PRODUCT CODE: 1751177
PUBLISHER: The Business Research Company | PRODUCT CODE: 1751177
Wearable robot technology refers to advanced, body-mounted robotic systems designed to assist or enhance human movement, strength, or endurance. These devices, often referred to as exoskeletons or exosuits, integrate sensors, actuators, and control systems to support physical activities such as walking, lifting, or rehabilitative exercises. Wearable robots are primarily used to help individuals with mobility impairments regain movement or assist workers in reducing strain during physically demanding tasks.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The two main types of wearable robot technology are rigid and soft types. Rigid wearable robots are typically constructed from hard materials such as metal or plastic, offering strong structural support. These robots are designed for heavy-duty tasks or rehabilitation, providing high stability and durability. They operate in different modes, including passive, active, and powered systems. The product range includes wristwear, headwear, footwear, fashion and jewelry, bodywear, and other wearable technologies. Their applications are varied, ranging from rehabilitation and assistive functions to body part support, sports enhancement, supply chain operations, and more. These technologies cater to a broad spectrum of end users, including the healthcare sector, consumer electronics, enterprise operations, industrial applications, and other industries.
The wearable robot technology market research report is one of a series of new reports from The Business Research Company that provides wearable robot technology market statistics, including the wearable robot technology industry global market size, regional shares, competitors with the wearable robot technology market share, detailed wearable robot technology market segments, market trends, and opportunities, and any further data you may need to thrive in the wearable robot technology industry. This wearable robot technology market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The wearable robot technology market size has grown exponentially in recent years. It will grow from$0.84 billion in 2024 to $1.17 billion in 2025 at a compound annual growth rate (CAGR) of 39.4%. The growth observed in the past can be attributed to factors such as the increasing demand for rehabilitation solutions, higher healthcare expenditure, the rising need for elderly care solutions, growing investments in research and development, and an increased demand for care solutions for the elderly and disabled.
The wearable robot technology market size is expected to see exponential growth in the next few years. It will grow to$4.39 billion in 2029 at a compound annual growth rate (CAGR) of 39.1%. This growth during the forecast period is driven by factors such as the rising demand for personalized healthcare solutions, an increasing need for assistive robots in healthcare, a growing application of robotics in physical therapy, a stronger focus on multi-functional wearable robots, and the rising popularity of health and fitness trackers. Key trends in the forecast period include advancements in materials technology, the development of modular wearable robots, the integration of wearables with smart fabrics, innovation in haptic feedback, and the development of adaptive control systems.
The growing demand for automation is expected to drive the growth of the wearable robot technology market in the coming years. Automation involves utilizing technology or machines to perform tasks with minimal or no human involvement. This demand is increasing as businesses seek to enhance operational efficiency, reduce costs, minimize errors, and boost productivity. Wearable robot technology plays a significant role in automation by facilitating human-machine collaboration, making it especially beneficial in labor-intensive industries and healthcare environments. It helps reduce physical strain by augmenting movement and strength, thereby improving both productivity and operational efficiency. For example, in September 2024, the International Federation of Robotics, a Germany-based non-profit organization, reported that approximately 4.2 million robotic units were operating in factories globally in 2023, a 10% increase from 3.9 million units in 2022. As a result, the rising demand for automation is fueling the growth of the wearable robot technology market.
Leading companies in the wearable robot technology market are concentrating on developing innovative solutions such as wearable assistive robotics to enhance mobility and improve users' quality of life. Wearable assistive robotics refers to robotic devices worn on the body that help or enhance physical movement, often aiding individuals with mobility impairments or physical limitations. For instance, in July 2024, CosmoRobotics Co., Ltd., a South Korea-based technology company, launched a range of innovative wearable robots. These products include Bambini Teens, EA2Pro, EAM, GRANY, and EXA-W, all designed to improve daily life by assisting with muscle strength and rehabilitation. Notable features of these robots include Bambini Teens, designed for children, and EA2Pro, a second-generation exoskeleton equipped with advanced motor sensors and an ergonomic design for rehabilitation.
In December 2022, Ekso Bionics Holdings Inc., a US-based medical device and industrial robotics company, acquired the human motion and control (HMC) business unit, including the Indego product line, from Parker Hannifin Corporation for $10 million. This acquisition enables Ekso Bionics Holdings Inc. to expand its product offerings, strengthen its position in the market, and enhance its research and development capabilities in the exoskeleton industry. Parker Hannifin Corporation, a US-based provider of advanced human motion and control solutions, specializes in robotic exoskeleton systems for medical and rehabilitation applications.
Major players in the wearable robot technology market are Toyota Corporation, Samsung Electronics Co Ltd., Hyundai Motor Company, Lockheed Martin Corporation, Honda Motor Co. Ltd., Parker Hannifin Corporation, Myomo Inc, Sarcos Technology and Robotics Corporation, Zimmer Biomet Holdings Inc, Ottobock SE & Co. KGaA, Comau LLC, Cyberdyne Inc., Hocoma AG., Ekso Bionics Holdings Inc., Laevo B.V., Innophys Co Ltd., Marsi Bionics, Nader Holding GmbH & Co. KG, Technaid. S.L., ReWalk Robotics Ltd.
North America was the largest region in the wearable robot technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in wearable robot technology report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the wearable robot technology market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The wearable robot technology market consists of revenues earned by entities by providing services such as maintenance and repair services, installation and integration services, and clinical trials and testing. The market value includes the value of related goods sold by the service provider or included within the service offering. The wearable robot technology market also consists of sales of passive exosuits, robotic limbs, wearable rehabilitation devices, assistive robots, soft robots and wearable assistive devices. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Wearable Robot Technology Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on wearable robot technology market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for wearable robot technology ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The wearable robot technology market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.