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Military Exoskeleton Market Key Highlights and Future Opportunities 2018 by Top Players – BAE Systems, General Atomics, Lockheed Martin, Raytheon, Safran

05-18-2018 09:20 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Future

Military Exoskeleton Market Key Highlights and Future

Market Highlights:

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. Military Exoskeletons are lighter than the conventional load carriage or armor systems, and they enable 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.

The growing number of volatile political unrests, security threats, and ongoing disputes in certain regions of the globe has 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 have 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 25.87%

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Major Key Players

BAE Systems,
General Atomics,
Lockheed Martin,
Raytheon,
Safran,
Bionic Power,
Ekso Bionics,
20 Knots Plus,
Revision Military,
SpringActive, and SRI International. In 2016, these companies accounted for a share of % of the global market.

Regional 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 have resulted in the development of advanced military exoskeleton systems. Americas accounted for the largest market share of 49.85% in 2015, with a market value of USD 25.8 million and is projected to grow at the highest CAGR of 28.30% during the forecast period. The US, in particular, is home to a number of military exoskeleton programs such as HULC, XOS 2, Superflex Exo suit, Soft Exo suit, Warrior Web system, and TALOS. These phenomenal technological armor suits provide the soldiers with increased power, safety, and capabilities, which have helped them to carry out the military operations conveniently, in vulnerable regions such as Cyprus, Iraq, Libya, Nigeria, Somalia, Syria, and Afghanistan. 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. During the military exercises in Afghanistan (2001-2014), many European countries had deployed their combatants, to fight the Islamic State (IS) insurgents. Some countries such as France, Germany, Italy, Spain, Switzerland, and the UK had initiated advanced soldier modernization programs, which would come in aid of their soldiers, by enhancing their operational capabilities.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/military-exoskeleton-market-4134

Intended Audience
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities

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.

Contact:
Market Research Future
+1 646 845 9312

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