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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

Military Exoskeleton  | Coherent Market Insights

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.

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Military Exoskeleton Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2022: US$ 147.0 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 16.8% 2030 Value Projection: US$ 509.3 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Middle East & Africa: GCC Countries,  South Africa, and Rest of Middle East
Segments covered:
  • By Type: Full Body Exoskeleton, and Partial Body Exoskeleton
  • By Power: Active Exoskeleton, and Passive Exoskeleton
Companies covered:

SRI International, Lockheed Martin Corporation, Mawashi Science & Technology, Sarcos Technology and Robotics Corporation, Bionic Power Inc., Rostec, ASELSAN AŞ, Safran SA, Dephy Inc., and BAE Systems PLC.

Growth Drivers:
  • Rise in investment in exoskeleton technologies around the world
  • Increasing requirement for improvement in safety and efficiency of dismounted soldier
Restraints & Challenges:
  • High cost
  • Technological and technical 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

Military Exoskeleton  | Coherent Market Insights

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 AŞ, Safran SA, Dephy Inc., and BAE Systems PLC.

*Definition:

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.

Throughout the last decade, the military exoskeleton has captured the public's imagination. The military has been working on these "warrior suits" for a long time. While the idea of these suits is appealing, the development of these technologies has encountered many obstacles and changes.

Some of the notable benefits of using military exoskeletons include the reduced metabolic cost of the soldier. The reduction of metabolic cost allows the soldier to operate longer and cover more ground. They also provide the ability to have more armor, which is essential for the soldier's safety.

Market Dynamics:

The rising need for better mobility is driving the military exoskeleton market. The development of new generation light weight exoskeletons is likely to increase the growth of the market in the coming years. The demand for military exoskeletons is expected to increase in APAC, particularly in countries such as China and India. Rising defense budgets in these economies are driving the demand for these products.

However, the limited availability of technologically advanced commodities is hampering the adoption of these devices in developing economies, which in turn is expected to restrain growth of the global military exoskeleton market over the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global military exoskeleton market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global military exoskeleton market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include SRI International, Lockheed Martin Corporation, Mawashi Science & Technology, Sarcos Technology and Robotics Corporation, Bionic Power Inc., Rostec, ASELSAN AŞ, Safran SA, Dephy Inc., and BAE Systems PLC.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global military exoskeleton market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global military exoskeleton market

Detailed Segmentation:

  • Global Military Exoskeleton Market, By Type
    • Full Body Exoskeleton
    • Partial Body Exoskeleton
  • Global Military Exoskeleton Market, By Power
    • Active Exoskeleton
    • Passive Exoskeleton
  • Global Military Exoskeleton Market, By Geography
    • North America
    • Europe
    • Asia-Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles
    • Lockheed Martin Corporation
    • Sarcos Technology and Robotics Corporation
    • Rostec
    • Safran SA
    • BAE Systems PLC
    • Dephy Inc.
    • ASELSAN AŞ
    • Bionic Power Inc.
    • Mawashi Science & Technology
    • SRI International

Frequently Asked Questions

The global military exoskeleton market size is estimated to be valued at US$ 147 Million in 2022 and is expected to exhibit a CAGR of 16.8% between 2022 and 2030.
Rise in investment in exoskeleton technologies around the world and increasing requirement for improvement in safety and efficiency of dismounted soldier are fuelling the market
The Partial Body Exoskeleton segment is the leading type segment in the market.
High cost and technological and technical challenges is the major factors restraining market.
SRI International, Lockheed Martin Corporation, Mawashi Science & Technology, Sarcos Technology and Robotics Corporation, Bionic Power Inc., Rostec, ASELSAN AS, Safran SA, Dephy Inc., and BAE Systems PLC.

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