Dublin, April 05, 2023 (GLOBE NEWSWIRE) -- The "Military Exoskeleton: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Military Exoskeleton estimated at US$1.3 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 13.1% over the analysis period 2022-2030.
Partial-Body, one of the segments analyzed in the report, is projected to record 13.5% CAGR and reach US$2.3 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Full-Body segment is readjusted to a revised 12.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $399.3 Million, While China is Forecast to Grow at 16% CAGR
The Military Exoskeleton market in the U.S. is estimated at US$399.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$465.6 Million by the year 2030 trailing a CAGR of 16% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR.
Select Competitors (Total 16 Featured) -
- Bionic Power Inc.
- Dephy Inc.
- Ekso Bionics Holdings Inc.
- Lockheed Martin Corporation
- Raytheon Company
- Revision Military LTD
- Rostec
- Safran S.A.
- Sarcos Corporation
- SpringActive
- SRI International
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 168 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $3.5 Billion |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Military Exoskeleton - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- The COVID-19 Pandemic Comes Down Hard On Defense & Military Spending
- Year 2020 to Go Down Into History as the Year of Disruption
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- Rising Fiscal Deficits Puts Defense Spending On the Chopping Block
- COVID-19 has Shown How the World has Invested in the Wrong Fight. Now is the Time for a World Which Prioritized Defense Over Health & Environment to Wake Up: Global Defense, Health & Energy R&D as a % of GDP
- Dual Public Health & Economic Crisis to Send Defense Spending Plummeting After Recording a 10-Year High in 2019: Global Defense Spending (In US$ Billion) for Years 2016, 2017, 2018, 2019, 2020 & 2023
- Pandemic's Impact on Defense Budgets in Select Countries
- Japan Defense Budgets: A Pre & Post COVID-19 Comparison (In US$ Billion)
- UK Defense Budget: A Pre & Post COVID-19 Comparison (In US$ Billion)
- US Department of Defense Base Budget (In US$ Billion) 2019 Vs 2020
- Over 150 Billion Allocated to Military Personnel for Year 2020: Allocation of Base Plus Overseas Contingency Operations (OCO) Defense Budget in the U.S. (In US$ Billion) for the Year 2020
- Disruptions in Military Training Inflicts a Direct & Lethal Blow on the Exoskeleton Market
- Infection Spread Disrupts Military Personnel Training & Troop Deployment: Cumulative Number of COVID-19 Cases Across the Defense Department in the U.S. in May, June, September & November 2020
- Military Exoskeleton: Scope, Definition & Types
- Recent Market Activity
- Innovations
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- The Evolving World of Wearables
- Military Wearable Technology Hits Mainstream Opening New Avenues for Growth for Exoskeleton
- Here's How Armies Worldwide Are Looking to Better Protect Their Combat Troops
- The Growing World of Human Augmentation Bodes Well for Exoskeletons Designs for Enhancing Human Performance
- Technology for Human Augmentation Makes Headway Paving the Way for New Design Concepts in Exoskeletons
- The Growing Knowledge Base Surrounding Human Augmentation Provides a Nurturing Environment for the Evolution of Exoskeletons: Global Human Augmentation Market (In US$ Million) for Years 2020, 2023 & 2027
- Focus on Advanced Military Capabilities is Already Bringing Human Augmentation Into the Spotlight
- Despite the Hype About Electronic Warfare, Military Troops Still Remain the Touch Point for Defense & Battle and Protecting Them Becomes the Highest Prerogative
- Soldiers Still Remain the Army's Greatest Asset & the Most Important Weapon System Underlining the Need to Protect Them & Ensure Success of Military Missions: Global Active Ready-to-Fight Military Manpower (In 000s) by Country
- Integration of AI Into Exoskeleton Unfolds New & Powerful Capabilities
- AI's Growing Prominence in Military Applications Boosts Opportunities for AI-Powered Exoskeletons: Global AI in Military Market (In US$ Billion) for the Years 2019, 2021, 2023, 2025 & 2027
- Intelligent Textiles Play an Important Role in the Development of Exoskeleton
- New Generation Exoskeletons Need Smart, Intelligent & Functional Materials: Global Smart Textile Market (In US$ Billion) for Years
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/68rf2o
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