Global Military Exoskeleton Market Size To Worth USD 4.83 Billion By 2033 | CAGR Of 16.38%
Category: Aerospace & DefenseGlobal Military Exoskeleton Market Size To Worth USD 4.83 Billion By 2033 | CAGR Of 16.38%
According to a research report published by Spherical Insights & Consulting, the global military exoskeleton market size was valued at USD 1.06 billion in 2023 and is expected to reach USD 4.83 billion by 2033, growing at a CAGR of 16.38% from 2023 to 2033
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Browse key industry insights spread across 210 pages with 109 Market data tables and figures & charts from the report on the "Global Military Exoskeleton Market Size, Share, and COVID-19 Impact Analysis, By Type (Full Body Exoskeleton, Partial Body Exoskeleton), By Power (Active Exoskeleton, Passive Exoskeleton), By Body Part (Upper Body, Lower Body, Full Body), By End-User (Defense, Homeland Security), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/military-exoskeleton-market
The military exoskeleton industry has focused on creating computer-based devices that help to build soldiers' strength, agility, and endurance. These wearable exoskeletons assist soldiers in lifting heavy loads, decreasing fatigue, and enhancing safety. The demand for military exoskeletons is significantly impacted by the increasing focus on ensuring soldier safety and survival. Modern soldiers in combat are required to operate under more difficult and risky circumstances, which can greatly strain both their physical and mental well-being. Also, the military exoskeletons provide a solution that boosts soldiers' physical capabilities, allowing them to move more quickly, lift heavier items, and remain active for extended periods without experiencing fatigue. As well, the increasing older population with physical disabilities, particularly among the elderly, has sparked interest in exoskeleton technology. In the USA, the elderly population is increasing quickly, with approximately 62 million individuals aged 65 and above, 43.9% of whom have a disability. This trend offers chances for the healthcare sector to decrease disabilities in this demographic by improving access to exoskeleton technology. Globally, governments and industry executives are boosting funding in the exoskeleton industry. However, the high initial cost investment is linked to its creation and execution. This innovation behind exoskeletons requires advanced engineering, high-grade materials, and intricate actuators or energy systems; this significant initial investment can deter both consumers and businesses, potentially hindering market growth.
The partial body exoskeleton segment secured a dominant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the type, the global military exoskeleton market is classified into full-body exoskeleton and partial-body exoskeleton. Among these, the partial body exoskeleton segment secured a dominant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The dominance is due to the increasing demand from the defense sector, fueled by exoskeletons' ability to improve soldiers' physical performance, particularly in the lower body, where stress arises from transporting heavy gear, is particularly notable. Additionally, partial forms are designed to support specific regions of the body, such as the legs and arms. These exoskeletons are often used in logistics and support roles, where soldiers may not need full-body assistance but still require enhanced strength and endurance for specific tasks.
The active exoskeleton segment dominates the market in 2023 and is expected to grow at a notable CAGR during the forecast period.
Based on the power, the global military exoskeleton market is categorized into active exoskeleton and passive exoskeleton. Among these, the active exoskeleton segment dominates the market in 2023 and is expected to grow at a notable CAGR during the forecast period. This is due to, enhanced powered support capability, which greatly improves soldier effectiveness in challenging military conditions. Furthermore, Active exoskeletons assist in minimizing fatigue, decreasing the likelihood of physical injuries, and
The lower body segment accounted for the highest share in 2023 and is anticipated to grow at a prominent CAGR during the forecast period.
Based on the body part, the global military exoskeleton market is divided into upper body, lower body, and full body. Among these, the lower body segment accounted for the highest share in 2023 and is anticipated to grow at a prominent CAGR during the forecast period. This segmental growth is driven by the significant importance of lower body strength for soldiers and their effectiveness, particularly in challenging situations or during extended warfare. Moreover, they are required to carry heavy armor, pistols, and large equipment or supplies, which can greatly affect the lower body. The increasing focus on adaptability and stamina in modern military operations has rendered lower-body exoskeletons the preferred choice. This increasing tendency is driving the segment's supremacy.
The defense segment secured a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end-user, the global military exoskeleton market is separated into defense and homeland security. Among these, the defense segment secured a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. This significance is attributed to, the applications of exoskeletons by different military branches like the army, navy, air force, and special forces to enhance the physical capabilities and endurance of soldiers during war and internal conflict management efforts. Additionally, implementing exoskeletons in armed forces could significantly enhance soldiers' efficiency and effectiveness during missions.
North America is expected to hold the dominant share of the global military exoskeleton market over the predicted timeframe.
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North America is expected to hold the dominant share of the global military exoskeleton market over the predicted timeframe. This regional dominance is attributed to the substantial investment in defense innovations and the presence of key market players. Particularly, the United States has pioneered the development of military exoskeletons, with significant financial support from the Department of Defense for various projects aimed at enhancing soldier capabilities and performance. For example, in May 2024, the Henry M. Jackson Foundation for the Advancement of Military Medicine Inc. received a $9.38 million contract from the U.S. Department of Defense for research on exoskeletons. This project, lasting two years and commencing on May 13, 2025, is financed by funds from the fiscal years 2024 and 2025, located in Frederick, Maryland. These technological advancements and investment in funding for exoskeleton development are creating solutions for soldiers in challenging situations and during endless conflict periods. This type of investment in research and innovation is establishing regional dominance in North America.
The Asia-Pacific military exoskeleton market is expected to grow with the fastest CAGR during the forecasting period. This regional growth is significantly influenced by increased military expenditure and the greater focus on enhancing defense capabilities in nations like Japan, China, and India. These countries are investing heavily in researching and deploying advanced military technologies, like exoskeletons, to enhance their combat readiness and operational efficiency. This regional expansion during the projected period is fueled by the rising demand for enhanced soldier capabilities and continuous advancements in exoskeleton technologies in the region.
The Europe military exoskeleton industry represents significant growth opportunities throughout the forecast period, fueled by the increasing demand for enhanced soldier capabilities and the continual advancement in exoskeleton technology. Furthermore, it is essential to enhance security and defense systems due to the rising population of elderly individuals with disabilities in these regions. Which is expected to increase and promote regional growth.
Major key players in the military exoskeleton market include BAE Systems plc, Hyundai Robotics, General Dynamics Corporation, Northrop Grumman Corporation, Honeywell International Inc., Bionic Power Inc., Parker Hannifin Corporation, Cyberdyne Inc., ReWalk Robotics Ltd., Ottobock SE & Co. KGaA, SuitX (US Bionics, Inc.), and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2023, the National Chung-Shan Institute of Science and Technology (NCSIST) revealed the latest iteration of its domestically developed powered exoskeleton suit. This advanced mechanized wearable is designed for use in wartime and post-disaster rescue missions. It optimizes torque delivery to aid knee flexion and extension, reducing energy expenditure during terrain navigation, squatting, or kneeling, and enhancing mobility while decreasing fatigue.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global military exoskeleton market based on the below-mentioned segments:
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 Body Part
- Upper Body
- Lower Body
- Full Body
Global Military Exoskeleton Market, By End-User
- Defense
- Homeland Security
Global Military Exoskeleton Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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