The Military Exoskeleton Global Market Report 2023, provides comprehensive information on the military exoskeleton market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Military Exoskeleton Global Market Report 2023, the market size is expected to grow from $0.84 billion in 2022 to $0.97 billion in 2023 at a compound annual growth rate (CAGR) of 15.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global military exoskeleton market size is expected to reach $1.61 billion in 2027 at a CAGR of 13.5%.
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Developing lightweight exoskeletons are a key trend gaining popularity in the military exoskeleton market. Companies operating in the military exoskeleton market are launching new versions of lightweight exoskeletons to sustain their position in the market. For instance, in April 2023, Comau Robotics, an Italy-based company that provides specializes in automation, launched Mate-XT, a wearable exoskeleton for industrial, non-industrial, and open-air environments. The design of the exoskeleton features a thin, light carbon fiber structure with an easy-to-use control system. It is resistant to water, dust, UV light, and temperature, and can be quickly customized to fit almost anybody’s frame.
The military exoskeleton market is segmented:
1) By Type: Full-body Exoskeleton, Partial-body Exoskeleton
2) By Power: Active Exoskeleton, Passive Exoskeleton
3) By Operation: Battery-powered, Cable-powered
4) By Application: Physical Augmentation, Human-machine Interface, Human-computer Interface
Europe was the largest region in the military exoskeleton market in 2022.
The table of contents in TBRC’s military exoskeleton market report includes:
1. Executive Summary
2. Military Exoskeleton Market Characteristics
3. Military Exoskeleton Market Trends And Strategies
4. Military Exoskeleton Market – Macro Economic Scenario
5. Military Exoskeleton Market Size And Growth
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26. Africa Military Exoskeleton Market
27. Military Exoskeleton Market Competitive Landscape And Company Profile
28. Key Mergers And Acquisitions In The Military Exoskeleton Market
29. Military Exoskeleton Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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