Global Automotive Industry Exoskeleton Market 2023-2030
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Global Automotive Industry Exoskeleton Market 2023-2030

Last Updated:  Apr 25, 2025 | Study Period: 2023-2030

GLOBAL AUTOMOTIVE INDUSTRY EXOSKELETON MARKET

 

INTRODUCTION

Exoskeleton use has been investigated in the automobile sector to increase worker productivity and safety. Exoskeletons are wearable gadgets that can improve physical capabilities and lessen physical stress on employees, especially when they are performing demanding or repeated duties.

 

 Exoskeletons can be used to support workers during assembly, welding, painting, and other manufacturing procedures in the automotive industry. Also, they can aid in lowering the chance of damage due to repeated motion, hard lifting, or uncomfortable positions at work.

 

Exoskeletons created for the automotive sector are frequently portable, adaptable, and simple to wear. They might have elements like arm and back support, as well as hand tools for grasping and handling small parts. To monitor worker motions and provide feedback on posture and ergonomics, some exoskeletons may also include sensors and software.

 

Exoskeletons are probably going to become more widely used in the automobile industry and other sectors where physical labour is necessary as technology advances and costs come down.

 

GLOBAL AUTOMOTIVE INDUSTRY EXOSKELETON MARKET SIZE AND FORECAST

 

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Global automotive industry exoskeleton market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

 

NEW PRODUCT LAUNCH

Hyundai Motor Group has created a new exoskeleton wearable robot called the Vest Exoskeleton (VEX) to aid industrial workers who spend long hours working in above environments.

 

The VEX enhances productivity and reduces fatigue of industrial workers by imitating the movement of human joints to boost load support and mobility.

 

The wearable vest features a polycentric axis, combining multiple pivot points with multi-link muscular assistance, to function, eliminating the need for workers to bear weight on their arms while performing overhead tasks.

 

Workers have given positive feedback as it reduced fatigue in their arms and shoulders while boosting productivity and safety. The VEX is a wearable robot designed to assist industrial workers who spend long hours working in overhead environments.

 

It enhances productivity and reduces fatigue by imitating the movement of human joints to boost load support and mobility. The VEX features a polycentric axis that combines multiple pivot points with multi-link muscular assistance to function, eliminating the need for a battery.

 

The Chairless Exoskeleton (CEX), a lightweight wearable robot being developed by Hyundai Motor Group, helps workers maintain a sitting position without the use of a stool or chair. Besides, Hyundai Motor Group unveiled Medical Exoskeleton (MEX) 

 

COMPANY PROFILE

 

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. How many automotive industry exoskeleton are manufactured per annum globally? Who are the sub-component suppliers in different regions?
  2. Cost breakup of a Global automotive industry exoskeleton and key vendor selection criteria
  3. Where is the automotive industry exoskeleton manufactured? What is the average margin per unit?
  4. Market share of Global automotive industry exoskeleton market manufacturers and their upcoming products
  5. Cost advantage for OEMs who manufacture Global automotive industry exoskeleton in-house
  6. key predictions for next 5 years in Global automotive industry exoskeleton market
  7. Average B-2-B automotive industry exoskeleton market price in all segments
  8. Latest trends in automotive industry exoskeleton market, by every market segment
  9. The market size (both volume and value) of the automotive industry exoskeleton market in 2023-2030 and every year in between?
  10. Production breakup of automotive industry exoskeleton market, by suppliers and their OEM relationship

 

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
19Market Segmentation, Dynamics and Forecast by Application, 2023-2030
20Market Segmentation, Dynamics and Forecast by End use, 2023-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix