Market Overview:
The military Exoskeleton market is projected to reach USD 3042.3 Million by 2030 at 14.3% CAGR during the forecast period 2020-2030. 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 Trends is expected to grow at a CAGR of more than the current.

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”.

Segmentation:

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.

Key Players:

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, Spring Active, and SRI International. In 2016, these companies accounted for a share of XX% of the global market.

Regional Analysis:

By 2023, North America is expected to be the dominant region in the Military Exoskeleton Market Share, 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.

Related Reports:

Military Night Vision Device Market Research Report: Information by Device Type (Goggle, Camera and Scope), Technology (Image Intensifier, Thermal Imaging and Infrared Illumination), Application (Surveillance, Navigation, Targeting and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2030

Land Mobile Radio System Market Research Report: Information by Type (Portable and Vehicle-Mounted), Technology (Digital and Analog), Application (Commercial, Public Safety, Mining, Oil & Gas, Energy, Defense, Transportation, Construction and others), Frequency Band (25–174 [VHF], 200–512 [UHF] and 700 MHz & Above) and Region (North America, Europe, Asia-Pacific and Latin America and Middle East and Africa) - Forecast to 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that prides itself on its services, offering comprehensive and accurate analysis with respect to various markets and consumers worldwide. Market Research Future has the distinguished goal of providing customers with optimal quality research and granular research. Our market research by products, services, technologies, applications, end users, and market players for global, regional, and national market segments, allows our customers to see more, learn more, and do more, helping to answer your most important questions

Contact:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street, 5Th Floor, New York, New York 10013,

United States of America

+1 646 845 9312

Email: [email protected]