The global market for Military Exoskeleton is estimated at US$1.6 Billion in 2023 and is projected to reach US$3.7 Billion by 2030, growing at a CAGR of 13.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the military exoskeleton market is driven by several factors. Technological advancements, particularly in AI, robotics, and material science, have significantly enhanced the performance and reliability of exoskeletons, making them more viable for practical use in military operations. The increasing need for modern militaries to enhance soldier performance and reduce injury rates is a key driver, as exoskeletons can mitigate the physical strain on soldiers and improve overall combat readiness. Additionally, the rise in asymmetric warfare and the need for versatile and agile ground forces have fueled demand for technologies that can provide tactical advantages. Defense budgets in many countries are allocating more resources towards advanced soldier systems, recognizing the strategic benefits of exoskeletons in both combat and support roles. Furthermore, the successful field testing and deployment of exoskeletons in various military exercises and missions have demonstrated their potential, encouraging further investment and adoption. These factors collectively contribute to the robust expansion of the military exoskeleton market, ensuring ongoing innovation and integration into military strategies.
The growth in the military exoskeleton market is driven by several factors. Technological advancements, particularly in AI, robotics, and material science, have significantly enhanced the performance and reliability of exoskeletons, making them more viable for practical use in military operations. The increasing need for modern militaries to enhance soldier performance and reduce injury rates is a key driver, as exoskeletons can mitigate the physical strain on soldiers and improve overall combat readiness. Additionally, the rise in asymmetric warfare and the need for versatile and agile ground forces have fueled demand for technologies that can provide tactical advantages. Defense budgets in many countries are allocating more resources towards advanced soldier systems, recognizing the strategic benefits of exoskeletons in both combat and support roles. Furthermore, the successful field testing and deployment of exoskeletons in various military exercises and missions have demonstrated their potential, encouraging further investment and adoption. These factors collectively contribute to the robust expansion of the military exoskeleton market, ensuring ongoing innovation and integration into military strategies.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Partial-Body Military Exoskeleton segment, which is expected to reach US$2.5 Billion by 2030 with a CAGR of a 13.6%. The Full-Body Military Exoskeleton segment is also set to grow at 12.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $447.4 Million in 2023, and China, forecasted to grow at an impressive 15.8% CAGR to reach $465.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Military Exoskeleton Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Military Exoskeleton Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Military Exoskeleton Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Lockheed Martin Corporation, BAE Systems PLC, SRI International, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 16 Featured):
- Lockheed Martin Corporation
- BAE Systems PLC
- SRI International
- Bionic Power Inc.
- B-Temia Inc.
- Ekso Bionics Holdings Inc.
- Ny New York Trading, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- Lockheed Martin Corporation
- BAE Systems PLC
- SRI International
- Bionic Power Inc.
- B-Temia Inc.
- Ekso Bionics Holdings Inc.
- Ny New York Trading, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 168 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.6 Billion |
| Forecasted Market Value ( USD | $ 3.7 Billion |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
