Military Exoskeleton Market 2021-2024: Growth Drivers, Business Statistics, Top Region with Share, and Revenue Analysis

Military Exoskeleton

The “Military Exoskeleton Market” Report provides a thorough examination of the market. The Military Exoskeleton Market research investigates how firms in the Military Exoskeleton Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Military Exoskeleton market report.

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Competitor Analysis:

Military Exoskeleton market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Lockheed Martin Corporation
  • Sarcos Corp.
  • Rostec
  • Safran
  • BAE Systems
  • DEPHY, INC.
  • Ekso Bionics
  • Bionic Power
  • Revision Military
  • SRI International
  • SpringActive
  • Knots Plus Ltd

    Market Overview:

  • The military exoskeleton market is expected to register a CAGR of over 15% during the forecast period.
  • – Technological advancements in modern warfare are the main driving factor for the military exoskeleton market. Efforts are being made to further increase the efficiency of the military exoskeletons through the incorporation of newer technologies, which are expected to further propel the growth of the market in the years to come.
  • – The focus on increasing the safety and efficiency of the dismount soldiers has led to the militaries investing in these technologies, as the exoskeletons reduce the fatigue on the soldiers while also giving them an extra layer of protection from the outside.
  • – Despite all the advantages that the exoskeletons are offering, the main hindrance to their adoption is the high purchase costs involved. Efforts are now being made to further reduce the manufacturing costs of these exoskeletons.

    Key Market Trends:

    Passive Exoskeleton Segment has the Highest Share in the Market in 2018

    As of 2018, passive exoskeleton segment has the highest share in the market. Development of passive exoskeletons is being done on a large scale currently. In August 2018, Russias Rostec showcased its third generation Ratnik infantry combat suite, a passive exoskeleton which increases the physical abilities of a soldier and protects joints and the spine. Also, the price of the passive exoskeletons was comparatively less than the active exoskeletons, which made the militaries to incline towards these in their purchase plans, although the amenities they offer are less compared to those of the active exoskeletons. But, during the forecast period, active exoskeleton segment is projected to grow with the highest CAGR. Increasing R&D investments in active exoskeleton technologies and the efforts to reduce their costs are the main factors supporting the expected high growth of the segment.

    Europe Expected to Register the Highest CAGR During the Forecast Period

    Currently, North America has the highest market share in the military exoskeleton market, mainly due to the high purchasing capacity of the United States and the presence of many manufacturers in the country. The country is investing huge amounts in the research, development, and testing of the exoskeletons. The technology, which is in its nascent stage, is slowly hitting the mainstream. Europe region is projected to grow with the highest pace in the market during the forecast period. Russia is a major market for the exoskeletons in the region, whereas other countries like Spain, the United Kingdom, and France are also developing new exoskeleton models for their militaries. The ongoing developments in the market are projected to increase on a large scale, helping the market growth in the region.

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    Scope of the Report:

    Active exoskeletons are powered and use an integrated power supply. They are used to enhance the activities of the personnel who wear them, while passive exoskeletons are simpler in structure and are used mostly to support the load on the joints and bones.

    Highlighted points of Military Exoskeleton Market Report:

    • Varying dynamics of the Military Exoskeleton industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Military Exoskeleton market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Military Exoskeleton market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Military Exoskeleton Market report:

    • The Military Exoskeleton market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Military Exoskeleton market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Military Exoskeleton market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Military Exoskeleton Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Industry Attractiveness – Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Type
    5.1.1 Full Body Exoskeleton
    5.1.2 Partial Body Exoskeleton
    5.2 Power
    5.2.1 Active Exoskeleton
    5.2.2 Passive Exoskeleton
    5.3 Geography
    5.3.1 North America
    5.3.1.1 United States
    5.3.1.2 Canada
    5.3.2 Europe
    5.3.2.1 Germany
    5.3.2.2 United Kingdom
    5.3.2.3 Russia
    5.3.2.4 Spain
    5.3.2.5 Rest of Europe
    5.3.3 Asia Pacific
    5.3.3.1 China
    5.3.3.2 Japan
    5.3.3.3 South Korea
    5.3.3.4 Rest of Asia Pacific
    5.3.4 Rest of the World

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Vendor Market Share
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Lockheed Martin Corporation
    6.4.2 Sarcos Corp.
    6.4.3 Rostec
    6.4.4 Safran
    6.4.5 BAE Systems
    6.4.6 DEPHY, INC.
    6.4.7 Ekso Bionics
    6.4.8 Bionic Power
    6.4.9 Revision Military
    6.4.10 SRI International
    6.4.11 SpringActive
    6.4.12 20 Knots Plus Ltd

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

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    Email: [email protected]

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