The global military exoskeleton market size was valued at US$ 125.9 million in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 16.8% from 2022 to 2030. Increasing incidents of internal security violations and rising defense budgets are expected to drive the military exoskeleton market in the next few years. The major drivers for the market are also environmental regulations, rising defense budgets, growing border security, and increasing incidents of internal security violations.
Global Military Exoskeleton Market: Regional Insights
The global military exoskeleton market is regionally segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
North America is expected to dominate the global military exoskeleton market over the forecast period. This is due to heavy investment in development of lightweight exoskeletons for soldiers in Canada and the U.S. For instance, in May 2019, the US Army Natick Soldier Research, Development and Engineering Center, began Other Transaction Agreement of US$ 6.9 million for the development of enough exoskeleton systems. Thus, the market is likely to witness strong growth in the North American region.
Furthermore, Asia Pacific is also anticipated to witness substantial growth in the global military exoskeleton market over the forecast period. This growth can be attributed to rise in military spending in countries such as China, Japan, and India across the region. For instance, as per SIPRI, the defense spending of China was US$ 252 billion in 2020, which was an increase of 1.9% compared to the previous year. The country increased its defense budget in 2021 by 6.8%.
Figure 1. Global Military Exoskeleton Market Share (%), by Region, 2021
Global Military Exoskeleton Market Drivers:
Rise in investment in exoskeleton technologies around the world is expected to propel growth of the global military exoskeleton market over the forecast period. Over the years, the global defense spending has been increasing constantly. According to SIPRI, in 2020, the global military expenditure increase to US$ 1981 billion, which was an increase of 2.6% from 2019. Countries such as Russia, India, the U.S., China and the U.K. showed highest spending on military in 2020. Thus, increasing investment in exoskeleton technologies is likely to boost the market growth.
Furthermore, increasing requirement for improvement in safety and efficiency of dismounted soldier is also expected to augment growth of the global military exoskeleton market over the forecast period. As the battlefield requirements are changing constantly, the soldiers also need to adapt to these changes. Thus, governments around the world along with the armed forces are focusing on equipping their soldiers with new and advanced technologies. This is further leading to high investments in such technologies, which in turn is driving growth of the market.
Global Military Exoskeleton Market Opportunities:
Increasing efforts for bringing the laboratory-restricted exoskeletons to the battlefield is anticipated to create several growth opportunities in the global military exoskeleton market during the forecast period. Militaries around the globe are focused on adoption of these exoskeletons in small quantities. Several market players and militaries are taking joint efforts for development of these exoskeletons. With increasing R&D activities, lower-limb exoskeletons are expected to improve daily tasks for soldiers. Thus, this factor is creating several opportunities in the market.
Furthermore, increasing focus of researchers on development of lightweight, flexible exoskeleton devices at low cost is also expected to offer multiple opportunities to market players in the global military exoskeleton market over the forecast period. With increase in technological developments in materials, and use of production technologies such as 3D printing, the market will witness more growth opportunities.
Military Exoskeleton Market Report Coverage
|Market Size in 2022:
|US$ 147.0 Mn
|Historical Data for:
|2017 to 2020
|2022 to 2030
|Forecast Period 2022 to 2030 CAGR:
|2030 Value Projection:
|US$ 509.3 Mn
SRI International, Lockheed Martin Corporation, Mawashi Science & Technology, Sarcos Technology and Robotics Corporation, Bionic Power Inc., Rostec, ASELSAN AÅ, Safran SA, Dephy Inc., and BAE Systems PLC.
|Restraints & Challenges:
Global Military Exoskeleton Market Trends:
Rise in focus of researchers on catering SWaP requirements is a growing trend in the global military exoskeleton market over the forecast period. Increasing number researchers are focusing on fulfilling Size, Weight, and Power needs of exoskeleton in order for them to remain effective and ergonomic. Design modification in weight distribution, UI and batteries is likely to improve with every generation of exoskeleton. This trend will continue in the market over the forecast period.
Moreover, growing development of AI, virtual reality and robotics technology is another trend in the global military exoskeleton market over the forecast period. The cost and data processing required for tracking the multi-dimensional human motions is high, which is necessary for developing a complex full body exoskeletons. With these developments, highly advanced human machine interfaces having efficient parallel control are being created. Thus, this trend is expected to fuel growth of the market during the forecast period.
Global Military Exoskeleton Market Restraints:
High cost along with other operational challenges are expected restrain growth of the global military exoskeleton market during the forecast period. The cost involved in adoption of exoskeleton is significantly high. Development of such sophisticated technologies requires high investments in R&D, as many of the technologies used to build exoskeletons are not readily available. Thus producing military grade product, certification cost, and R&D activities demand high cost. This factor is projected to limit the market growth in the near future.
Moreover, technological and technical challenges are also expected to hinder growth of the global military exoskeleton market during the forecast period. Several researchers have made attempts to develop complex exoskeleton systems for improving the performance. However, there was limited success in spite of the vast time and resource investment. The adoption of exoskeleton is not yet widespread for operational use in the military. Thus, this factor is projected to hinder the market growth in the forecast future.
Figure 2. Global Military Exoskeleton Market Share (%), by Segment Type, 2021
Global Military Exoskeleton Market Segmentation:
The global military exoskeleton market report is segmented into Type, Power, and Region
Based on Type, the market is segmented into Full Body Exoskeleton, and Partial Body Exoskeleton. Out of which, Full Body Exoskeleton is expected to dominate the global market over the forecast period and this is attributed to the increase in focus of organizations and government bodies on achieving improved endurance through integration of full body exoskeletons for carrying taxing load in longer distances and for other applications.
Partial Body Exoskeleton segment is also expected to witness significant growth in the near future and this is owing to the wide range applications of these skeletons such as assistive as well as body part support for lower limbs, and rehabilitation. These exoskeletons find wide use in supporting handheld operations of military personnel such as carrying weights or operating heavy machinery.
Based on Power, the market is segmented into Active Exoskeleton, and Passive Exoskeleton. Out of which, Active is expected to dominate the global market over the forecast period and this is attributed to the growing demand. These robotic exoskeletons are used for improvement of efficiency as they provide rehabilitation of spinal cord injury or stroke, endurance, and improved strength.
Passive segment is also expected to witness significant growth in the near future and this is owing to the growing use of passive exoskeleton. These are mechanical structure composed of rigid links, joints, structure body, and springs. These exoskeleton function without utilizing controller or motor and are capable of unloading the joints in human body pars with high efficiency.
Global Military Exoskeleton Market: Key Developments
In July 2020, Sarcos Defense, announced that the company was given a contract by the U.S. Marine Corps for the use of its exoskeleton, Guardian XO exoskeleton Alpha unit under a program called Logistic Innovation Office.
Global Military Exoskeleton Market: Key Companies Insights
The global military exoskeleton market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis.
Some of the key players in the global military exoskeleton market are SRI International, Lockheed Martin Corporation, Mawashi Science & Technology, Sarcos Technology and Robotics Corporation, Bionic Power Inc., Rostec, ASELSAN AÅ, Safran SA, Dephy Inc., and BAE Systems PLC.
Military exoskeleton systems are designed to improve the physical strength of soldiers and enhance their endurance functions. These devices can also help in the lifting of heavy loads. In addition to these, they can assist a soldier to cover a large area on the battlefield. The use of these systems is expected to be lucrative for the defense sector in the near future.
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