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Military Exoskeleton Market Is Expected To Grow At A CAGR Of 10% By 2023

08-24-2017 06:56 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Military Exoskeleton Market

Military Exoskeleton Market

Market Highlights:
The basic functionality of military Exoskeleton includes the provision of added strength, efficiency, and combat capabilities to armed troops. Moreover, the dynamic nature of warfare is a major driver that increases the demand of these body suits, majorly due to the evolving/modern warfare mechanisms that compel the nations to develop high end military suits for their armed forces. As a result, there have been a large number of developments in the field of integrated soldier suits, which boost the market for military Exoskeletons.

The growing number of volatile political unrests, security threats, and ongoing disputes in certain regions of the globe have increased the demand for military exoskeleton systems in the recent years. These systems offer additional combat capabilities along with extra strength and protection to the soldiers in a battlefield. They also enable the carriage of heavy loads during tough military missions/operations (such as during search and rescue or counter-insurgency operations). The rising concerns about soldier safety and injuries has increased the demand for these advanced military body suits. As a result, the global military Exoskeleton market is expected to grow at a CAGR of more than 10%.

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Key Players of Military Exoskeleton Market:
• BAE Systems
• General Atomics
• Lockheed Martin
• Raytheon
• Safran
• Bionic Power
• Ekso Bionics
• 20 Knots Plus
• Revision Military
• SpringActive
• SRI International

Global Military Exoskeleton Market:
The modern-day soldiers are equipped with radios, night vision devices, global positioning system (GPS) equipment, and computers in their uniforms that provide them with real-time data, which assist the troops with satellite imagery of the battlefield and significantly enhance their situational awareness. As a result, there is a growing demand for integrated smart weapons and lightweight body armors. The military Exoskeletons are lighter than the conventional load carriage or armor systems, and it enables added protection and counter attack against hostile enemy advances. Therefore, there have been significant developments of light weight body suits, which would boost the efficiency of the armed troops in the battlefield. With a higher number of lethal and protective Exoskeletons being developed, the market is expected to witness tremendous growth during the forecast period.

Brief TOC:
1 Introduction
1.1 Definition
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s five forces model
4.1.1 Bargaining Power of suppliers
4.1.2 Bargaining Power of Customer
4.1.3 Intensity of Competitor’s
4.1.4 Threat of New Entrants
5 Military Exoskeleton Market, By Type
5.1 Introduction
5.1.1 Full-Body Exosuit
5.1.2 Partial Body Exosuit
Continue…

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Market Research Analysis:
By 2023, North America is expected to be the dominant region in the military Exoskeleton market, primarily due to the presence of major manufacturers in this region. In addition, increasing military expenses by the US Department of Defense (DOD) on these body suits, has resulted in the development of advanced military exoskeleton systems. Similarly. Europe is expected to acquire the second largest market due to the high expenses on soldier modernization programs by countries such as France, Germany, Italy, Spain, Switzerland, and the UK, which would come in aid of their soldiers, by enhancing their operational and attack capabilities.

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:
Akash Anand,
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: akash.anand@marketresearchfuture.com

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