Military Exoskeleton Market - Global Industry Analysis

Military Exoskeleton Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Defense & Security Report Format : PDF Report Code: ZMR-1840 Status : Upcoming

Description

Global Military Exoskeleton Market: Overview

Increasing concern for safety has made the defense sector focus on wearable robotics with their soldiers all around the world. In the defense applications, particularly wearable robotics, exoskeleton systems are the key area of interest. These suits provide soldiers with a supplementary power to lift hefty loads and move quickly in the battleground. In addition, the altering concept of warfare has resulted in the development of biological weapons that can be harmful to the human body. In order to prevent direct contact with the biological elements, armies all around the world are extensively investing in military exoskeletons.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Military Exoskeleton Market: Growth Factors

The military exoskeletons can avoid direct contact with harmful biological elements such as gases. This is the major factor boosting the demand of exoskeleton suits on a global level. Moreover, the necessity for swift coordination during warfare has resulted in the high demand of advanced communication systems, which are difficult to track by the enemy. Thus, it is a must to integrated the soldier suits with these electronics including optronics, radios, range finders, and navigation systems. On the other hand, integrating these electronics results in increased overall weight of suits, making it complicated to move swiftly for the soldiers. Developing of lightweight exoskeletons will considerably reduce the weight and provide benefits to the soldiers by boosting their mobility. These factors are anticipated to propel the military exoskeletons demand significantly in the near future. Nevertheless, the high price of exoskeletons in the market is a major factor hindering the growth of the global market. A single exoskeleton suit can cost up to $150,000.

Global Military Exoskeleton Market: Segmentation

The global military exoskeleton market is segmented on the basis of type and power. Based on the type, the global market is segmented as partial body exoskeleton and full body exoskeleton. On the basis of power, the global market is categorized as a passive exoskeleton and active exoskeleton. Geographically, the global military exoskeleton market is segmented as Europe, North America, Asia-Pacific, Latin America, and the Middle East and Africa.

Global Military Exoskeleton Market: Regional Analysis

Europe and North America are anticipated to dominating the global military exoskeleton market in terms of revenue. The growth of the market in North America is contributed to the U.S. and Canada that are heavily investing in the development of lightweight exoskeletons. The deployment of the U.S. soldiers, in particular, Middle East areas and the unstable political conditions is propelling the demand of upgraded military exoskeletons and wearable in this region. On the other hand, emerging countries including China and India are focusing on advancing their defense capabilities, which is anticipated to boost the growth of the global military exoskeletons market in the near future.

Global Military Exoskeleton Market: Competitive Players

Major players in the global military exoskeleton market include BAE Systems, Lockheed Martin Corporation, Raytheon Company, Boeing, General Dynamics Corporation, Honeywell Aerospace, Bionic Power, Ekso Bionics Holdings, SpringActive, Inc., and Safran S.A.

Global Military Exoskeleton Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

Choose License Type

Request the coronavirus impact analysis across industries and markets

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (844) 845-5245
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1 (844) 845-5245
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed