Dublin, Oct. 26, 2023 (GLOBE NEWSWIRE) -- The "Military Exoskeleton - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Military Exoskeleton Market to Reach $3.5 Billion by 2030
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.
Additionally, historical data for the years 2017 through 2021 is included to provide a perspective on past market performance. The analysis also offers a 13-year outlook, breaking down the percentage distribution of value revenues for military exoskeletons in the years 2017, 2023, and 2030. The market is segmented into partial-body and full-body exoskeletons, and further categorized into passive and active exoskeleton types, providing a comprehensive view of the market's dynamics across different regions and exoskeleton types.
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. Growth in the Full-Body segment is estimated at 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$465.6 Million by the year 2030 trailing a CAGR of 16% over the analysis period 2022 to 2030.
This data provides a comprehensive analysis of the global military exoskeleton market. It includes information on annual revenues in US$ thousand for the years 2022 through 2030, covering various geographic regions, including the USA, Canada, Japan, China, Europe, Asia-Pacific, and the Rest of the World. The data presents insights into recent market trends and future projections.
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.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
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
- 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
MARKET TRENDS & DRIVERS
- Military Wearable Technology Hits Mainstream Opening New Avenues for Growth for Exoskeleton
- 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
FOCUS ON SELECT PLAYERS(Total 16 Featured)
- Lockheed Martin Corporation
- BAE Systems PLC
- SRI International
- Bionic Power Inc.
- B-Temia Inc.
- Ekso Bionics Holdings Inc.
- Ny New York Trading, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/mg3629
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