Military Exoskeleton Marketembed
Global Military Exoskeleton Market Research Report: Information by Type (Full Body Exoskeleton and Partial Body Exoskeleton), Power (Active Exoskeleton and Passive Exoskeleton), Body Part (Upper Body, Lower Body and Full Body) and Region (North Amer
Military Exoskeleton Market Research Report Information - Global Forecast to 2025 Military Exoskeleton Market Research Report Information - Global Forecast to 2025 P a g e |1 Copyright © 2017 Market Research Future. Military Exoskeleton Market Research Report Information - Global Forecast to 2025 VIEW REPORT PRESS RELEASE SAMPLE REPORT P a g e |2 Copyright © 2017 Market Research Future. Military Exoskeleton Market Research Report Information - Global Forecast to 2025 Summary: According to Market Research Future (MRFR), the global military exoskeleton market is predicted to grow at a CAGR of 25.87%. Market Overview: The primary function of the military exoskeleton is to provide additional strength, efficiency, and combat capabilities to on-field soldiers, who are equipped with radios, night vision gadgets, GPS navigation equipment, and computers in their military uniform to access real-time strategic data with satellite imagery of the battlefield and enhance their situational alertness on combat missions. Consequently, there is an increasing demand for integrated smart weaponry and lightweight body armor over the forecast period. Military exoskeleton systems are comparatively lighter than standard armored systems and have a higher range of protection counterattack against hostile enemy encounters, which has created a massive global demand and is expected to rise over the forecast period. The growing ongoing political unrest, security threats, and global disputes have increased the demand for highquality military equipment all over the world, subsequently contributing to the demand for military exoskeletons systems. The growing concern for the safety of on-field soldiers and injury prevention also contributes to the growing demand over the forecast period. Many defense ministries all over the world are investing heavily in technological advancements, and research and development to improve their defense equipment. Alternatively, military exoskeleton systems lack defensive tactics when faced against firepower such as ballistic missiles, cruise missiles, and nuclear missiles. They are vulnerable against nuclear weapons which can majorly impact the life risk and injury proneness of on-field soldiers. Segmentation: The military exoskeleton market is segmented by type, power, and regions. Based on type, the market is segmented into full body exosuit, and partial body exosuit. Based on power, the market has been segmented into active exoskeleton and passive exoskeleton. Based on region the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Regional Analysis: North America is projected to dominate the market share of the military exoskeleton market, owing to the presence of major market players in the region. Additionally, the rise in military expenditure by the US Department of Defense on body suits has contributed to the development of advanced military exoskeleton systems. The US has several military exoskeleton programs in its defense equipment such as XOS 2, HULC, Soft Exo suit, Warrior Web system, Superflex Exo suit, and TALOS. These military exoskeleton systems have provided soldiers with enhanced protection and safety, thus enabling them to carry out military operations in Cyprus, Iraq, Libya, Nigeria, P a g e |3 Copyright © 2017 Market Research Future. Military Exoskeleton Market Research Report Information - Global Forecast to 2025 Somalia, Syria, and Afghanistan. North America and Latin America together are assessed to rise at a higher CAGR of 28.30% through the forecast period. Europe is estimated to obtain the second largest market share influenced by factors such as the high expenditure of government authorities on soldier modernization programs which enhances operational and attack abilities of their soldiers, especially in countries like France, Germany, Italy, Spain, Switzerland, and the UK. During the unrest in Afghanistan, many European countries had deployed their soldiers with military exoskeleton systems to enhance their functional capabilities. Asia Pacific is assessed as the third largest regional market for military exoskeletons due to the growing security threats, border breaches and terrorism threats, which has raised the focus of government authorities on advancing the defense equipment of their soldiers, especially in India and China which have comparatively superior defense equipment due to the major terrorist threats on these countries. Competitive Dashboard: The key market players of global military exoskeleton market are Lockheed Martin, General Atomics, BAE Systems, Bionic Power, Raytheon, Ekso Bionics, Safran, 20 Knots Plus, Revision Military, SpringActive, and SRI International. P a g e |4 Copyright © 2017 Market Research Future. Military Exoskeleton Market Research Report Information - Global Forecast to 2025 P a g e |5 Copyright © 2017 Market Research Future.