October 2022 / Research report on the global military Exoskeleton market. The global market is expected to witness a significant growth between 2023 and 2030.
Military Exoskeleton Market Overview:
Military Exoskeleton Market Size is USD 3.16329 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.30% during the forecast period (2023 - 2032).
The basic functionality of military Exoskeleton includes the provision of added strength, efficiency, and combat capabilities to armed troops. Moreover, the dynamic nature of warfare is a major driver that increases the demand of these body suits, majorly due to the evolving/modern warfare mechanisms that compel the nations to develop high end military suits for their armed forces. As a result, there have been a large number of developments in the field of integrated soldier suits, which boost the market for military Exoskeletons.
The growing number of volatile political unrests, security threats, and ongoing disputes in certain regions of the globe have increased the demand for military exoskeleton systems in the recent years. These systems offer additional combat capabilities along with extra strength and protection to the soldiers in a battlefield. They also enable the carriage of heavy loads during tough military missions/operations (such as during search and rescue or counter-insurgency operations). The rising concerns about soldier safety and injuries has increased the demand for these advanced military body suits. As a result, the global military Exoskeleton market is expected to grow at a CAGR of more than 25.87%.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Military Exoskeleton Market Research Report - Forecast to 2023”.
Global Military Exoskeleton Market:
The modern-day soldiers are equipped with radios, night vision devices, global positioning system (GPS) equipment, and computers in their uniforms that provide them with real-time data, which assist the troops with satellite imagery of the battlefield and significantly enhance their situational awareness. As a result, there is a growing demand for integrated smart weapons and lightweight body armors. The military Exoskeletons are lighter than the conventional load carriage or armor systems, and it enables added protection and counter attack against hostile enemy advances. Therefore, there have been significant developments of light weight body suits, which would boost the efficiency of the armed troops in the battlefield. With a higher number of lethal and protective Exoskeletons being developed, the market is expected to witness tremendous growth during the forecast period.
The key players of global military Exoskeleton market are BAE Systems, General Atomics, Lockheed Martin, Raytheon, Safran, Bionic Power, Ekso Bionics, 20 Knots Plus, Revision Military, SpringActive, and SRI International. In 2016, these companies accounted for a share of XX% of the global market.
Market Research Analysis:
By 2023, North America is expected to be the dominant region in the military Exoskeleton market, primarily due to the presence of major manufacturers in this region. In addition, increasing military expenses by the US Department of Defense (DOD) on these body suits, has resulted in the development of advanced military exoskeleton systems. Similarly. Europe is expected to acquire the second largest market due to the high expenses on soldier modernization programs by countries such as France, Germany, Italy, Spain, Switzerland, and the UK, which would come in aid of their soldiers, by enhancing their operational and attack capabilities.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Report details
| Base Year | 2022 |
| Companies Covered | 15 |
| Pages | 140 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
