About Military Exoskeleton
Growing Concern about safety will boost global military exoskeleton market. The military exoskeleton is an outer skeleton that protects the body from external attacks. It is made from hard materials that can bear the attacks as well as jerks and protects the human body from hurting. It is utilized for improved power with the help of which the soldiers are skilled in carrying heavy loads and maneuver easily along with the battleground and other places. Furthermore, the changing concept of war has led to the growth of biological weapons, which can be deadly to the human.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.4% |
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. Key players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Military Exoskeleton market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BAE Systems (United Kingdom), Raytheon Company (United States), General Dynamics Corporation (United States), Boeing (United States), Honeywell Aerospace (United States), Ekso Bionics Holdings (United States), Bionic Power (Canada), Safran S.A. (France), SpringActive, Inc. (United States) and Cyberdyne, Inc. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are ReWalk Robotics Ltd. (Israel) and Rex Bionics Plc (England).
Segmentation Overview
AMA Research has segmented the market of Global Military Exoskeleton market by Type (Full Body Exoskeleton and Partial Body Exoskeleton) and Region.
On the basis of geography, the market of Military Exoskeleton has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Power, the sub-segment i.e. Active Exoskeleton will boost the Military Exoskeleton market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Development of Lightweight Exoskeleton and High Demand Of Advanced Communication Systems
Market Growth Drivers:
Increasing Concern for Safety, Rise Demand Due To It Can Avoid Direct Contact with Harmful Biological Elements Such As Gases and Increasing Awareness on the Benefits of Using Exoskeleton Technology
Restraints:
High Cost Related With the Procuring Of the Exoskeletons
Opportunities:
Technological Advancement in Military Exoskeleton, Growing Number of FDA Approvals for Medical Exoskeletons and Growing R&D in the Development of Exoskeletons for Industrial Use
Market Leaders and their expansionary development strategies
On 8th February 2019, The U.S. Army has awarded General Dynamics Land Systems a contract value up to 404 million dollars for Systems Technical Support (STS) for the Stryker Brigade Combat Team (SBCT).
In January 2024, Mehler Protection, an innovative brand under the Mehler Systems banner, proudly announces the launched oasting exceptional load-bearing capabilities, the ExoM Exoskeleton enhances survivability by providing high-level ballistic protection. of the ExoM Up-Armoured Exoskeleton.
Key Target Audience
Manufacturing Companies, Traders, Distributors, and Suppliers, Governmental and Research Organizations, Associations and Industry Bodies, Technology Providers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.