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Military Exoskeleton Market | Key Countries Overview With Size, Share, Trends, Segments and Competitive Landscape By BAE, General Atomics, Lockheed Martin, Raytheon, Safran, Bionic Power, Ekso Bionics, 20 Knots Plus, Revision Military, SpringActive and SR
Global Military Exoskeleton Market Information Report by Type (Full Body Exoskeleton, Partial Body Exoskeleton), by Power (Active Exoskeleton, Passive Exoskeleton) and by Regions - Global Forecast To 2023Market Research Future published a half-cooked research report on the global military Exoskeleton market. The global market is expected to witness a significant growth between 2017 and 2023.
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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 25.87%.
Taste the market data and market information presented through more than 40 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Military Exoskeleton Market Research Report - Forecast to 2023”.
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.
The key players of global military Exoskeleton market are 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 XX% of the global market.
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.
Intended Audience
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
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Scope of Report
The report for Global Military Exoskeleton Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Contents:
1 Executive Summary
2 Introduction
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Key Buying Criteria
5 Market Dynamics
5.1 Drivers
5.1.1 Introduction Of Future Soldier Suits
5.1.2 Reduction In Soldier Injuries
5.1.3 Transforming Nature Of Warfare
5.2 Restraints
5.2.1 Durability Of Exoskeleton Systems
5.2.2 Lesser Penetration In Developing Countries
5.2.3 Power Issues Associated With Exoskeletons
5.2.4 Restriction In Soldier Mobility
5.3 Opportunities
5.3.1 Replacement Of Soldiers With Exoskeletons
5.4 Trends
5.4.1 Advent Of Soft Robotic Suit
5.4.2 Emergence Of Advanced Lightweight Wearable
5.4.3 Introduction Of Superflex Suit
Continued........
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