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Military Exoskeleton Market

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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
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Copyright © 2017 Market Research Future.
Military Exoskeleton Market Research Report Information - Global Forecast to 2025
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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,
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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.
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Military Exoskeleton Market Research Report Information - Global Forecast to 2025
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Author
Savni
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