Military exoskeleton market forecast, military exoskeleton market size, military exoskeleton market, military exoskeleton market growth, military exoskeleton market share, military exoskeleton market trends
What is the Current and Projected Market Size of Military Exoskeletons?
The military exoskeleton market holds tremendous growth potential. This dynamic market, valued at $1.09 billion in 2024, is set to leap to an impressive $1.25 billion in 2025, boasting a compound annual growth rate (CAGR) of 14.3%. This robust historic growth can be credited to an array of factors including initial military applications, strategic shifts in warfare, military rehabilitation initiatives and rising defense spending.
The market size is poised for an accelerated growth trajectory in the forthcoming years, predicted to surge to $2.02 billion by 2029 at a CAGR of 12.8%. This forecasted growth can be attributed to expanded military applications, advancements in materials and design, customization and adaptability, and a rise in demand for medical rehabilitation. The key trends in the forecast period include enhanced soldier performance, medical rehabilitation, R&D investments, miniaturization and portability, integration of AI and sensors, and specialized applications.
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What Factors are Driving the Growth of the Military Exoskeleton Market?
The growing number of terrorist activities and cross-border disputes act as pivotal accelerators for the military exoskeleton market growth. Globally, the menace of terrorism has seen a marked increase in recent years. For instance, a report by The Institute for Economics and Peace, a globally renowned think tank, states that terrorist attacks became more deadly in 2023, with 2.5 deaths per attack compared to 1.6 in 2022. Military exoskeletons significantly amplify the vigor, agility, and endurance of soldiers, enabling them to respond efficiently to such threats, therefore propelling the market growth in this sector.
What are the Key Segments in the Military Exoskeleton Market?
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
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Who Are the Key Players in the Military Exoskeleton Market?
The military exoskeleton market witnesses participation from several major companies including Lockheed Martin Corporation, Sarcos Technology and Robotics Corporation, Aselsan Elektronik Sanayi ve Ticaret AS, Dephy Inc., Rostec State Corporation, BAE Systems plc, General Atomics, Raytheon Technologies Corporation, Ekso Bionics Holdings Inc., SpringActive Inc., Safran SA, General Dynamics Corporation, CYBERDYNE INC., Bionic Power Inc., B-Temia, Boeing, Honeywell Aerospace, QinetiQ Group plc, Hunter Defense Technologies Inc, Fifth Dimension Technologies, Endeavor Robotics, EXHAUSS Exoskeletons.
What are the Emerging Trends in the Military Exoskeleton Market?
The military exoskeleton market is seeing emerging trends like development of lightweight exoskeletons. For instance, in April 2023, Comau Robotics, a leader in automation, launched Mate-XT, a lightweight, wearable exoskeleton for a range of environments. This cutting-edge design boasts of a thin, light carbon fiber structure with an intuitive control system and is customizable to fit different body frames.
Which Region is the Fastest-Growing in the Military Exoskeleton Market?
While Europe was the largest region in the military exoskeleton market in 2024, North America is expected to be the fastest-growing region in the global military exoskeleton market during the forecast period. The market report also covers regions including Asia-Pacific, Western Europe, Eastern Europe, South America, Middle East, and Africa.
What Does The Military Exoskeleton Market Report 2025 Offer?
The Military Exoskeleton Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Military exoskeleton refers to computer-controlled devices that augment soldiers’ mobility on the battlefield by elevating their strength, stamina, safety, and ergonomics.
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