Military Exoskeleton Market Research Report Information - Global Forecast to 2027

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 America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2027

ID: MRFR/A&D/2790-CR | August 2019 | Region: Global | 140 pages

Military Exoskeleton Market

Airport Baggage Screening Systems Market Size is expected to reach USD 5.03 Billion by 2030, registering a CAGR of 7.15% during 2020-2030.

Segmentation

By Type Full Body Exoskeleton and Partial Body Exoskeleton
Power Active Exoskeleton Passive Exoskeleton
Body Part Upper Body Lower Body & Full Body

Key Players

  • BAE Systems (UK)
  • General Atomics (US)
  • Lockheed Martin Corporation (US)
  • Raytheon Company (US)
  • Safran (France)
  • Bionic Power Inc. (Canada)
  • Ekso Bionics (US)
  • Revision Military (US)
  • SpringActive (US)
  • SRI International (US).

Drivers

  • Rise in global arms trades
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Market Scenario


Since the last decade, technological innovations have fueled a revolution in global military affairs. With the increase in the global arms trade, the potent warfare capabilities of several countries have increased invariably. Countries such as China, France, Germany, Japan, Russia, South Korea, the UK, and the US are expected to boost their capabilities to indigenously develop advanced military exoskeleton systems for ensuring immediate action during emergencies. These wearable/systems are integrated with artillery, armor, health monitoring and communication systems, computers, and night vision equipment which would enhance the agility and performance of the armed troops.


The Global Military Exoskeleton Market is expected to grow at 25.87% CAGR during the forecast period. In 2018, the market was led by the Americas, with a 49.85% share, followed by Europe, the Middle East & Africa, and Asia-Pacific, with shares of 29.89% and 20.26%, respectively.


Segmentation of the Global Military Exoskeleton Market  Military Exoskeleton Market


The global military exoskeleton market has been segmented based on type, power, body part, and region. Based on type, partial body exoskeleton accounted for the largest market share of 45.69% in 2018 and is projected to grow at 25.35% CAGR during the forecast period. Based on power, the global market has been segmented by active exoskeleton and passive exoskeleton. The active exoskeleton accounted for the largest market share of 48.36%, in 2018, and is projected to grow at 24.35% CAGR during the forecast period.


Based on region, Asia-Pacific has the largest demand for the military exoskeleton. The military exoskeleton market is emerging in countries such as China, India, and Japan, and is estimated to grow at a high rate in the forecast period. North America is anticipated to grow a high rate of growth in military exoskeleton market over the coming years, owing to an increase in adoption of advanced military systems by soldiers during combat operations.


Key Players


The key players in the global military exoskeleton market are BAE Systems (UK), General Atomics (US), Lockheed Martin Corporation (US), Raytheon Company (US), Safran (France), Bionic Power Inc. (Canada), Ekso Bionics (US), Revision Military (US), SpringActive (US), and SRI International (US).


Research Methodology


The market values and forecast are derived using the Market Research Future (MRFR) research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Key Insights



  • Market sizing, forecast, and analysis: detailed coverage of the market segment and sub-segments

  • Regional/country trends and forecast: detailed analysis of the market in North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America, along with key countries in each region

  • Market dynamics intelligence: market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology trends, regulatory landscape, and patent analysis outlook

  • Competitive intelligence: market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization:



  • Company Profiles


In-depth profiling of additional market players (3 to 4 companies)



  • Country-Level Analysis


Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)


Intended Audience



  • OEMs

  • Equipment/system suppliers

  • Potential investors

  • Key executive and strategy growth manager

  • End users

  • Technology investors

  • Government institutions

  • Consultancy firms



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Frequently Asked Questions (FAQ) :

Global market is projected to register a moderate 25.87% CAGR in the forecast period.

Global market is touted to record a substantial market valuation by 2027.

The market is expected to observe substantial demand due to the growing technological innovations and rise in global arms trades over the review period.

The partial body exoskeleton segment is expected to observe substantial demand over the review period.

The active exoskeleton segment is expected to secure the highest CAGR.

The APAC region is slated to expand as the fastest-growing segment.

A few eminent market players operating in the global Military Exoskeleton market are Bionic Power Inc. (Canada), Revision Military (US), Ekso Bionics (US), SpringActive (US), and SRI International (US).