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Military Exoskeleton Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Military Exoskeleton Market Size
The increase in terrorist acts and cross-border conflicts is anticipated to drive the expansion of the military exoskeleton market. Acts of terrorism involve the deliberate use of violent actions or threats with political, religious, or ideological motivations, intended to instill fear or coerce civilians. Cross-border disputes are legal contentions or conflicts that occur between entities or individuals from different nations. Utilizing military exoskeletons enhances soldiers' physical capabilities such as strength, agility, and endurance, thus improving their preparedness to counter terrorist threats. For instance, as per The Institute for Economics and Peace, an Australian international think tank, in February 2024, it was noted that terrorist attacks in 2023 were more lethal, causing 2.5 deaths per attack compared to 1.6 in 2022. Hence, the escalating terrorist activities and cross-border conflicts are likely to fuel the growth of the military exoskeleton market in the future.
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What is the future CAGR of the military exoskeleton market, and how will it impact industry expansion?
The size of the military exoskeleton market has seen rapid growth in the passing years. The market is projected to expand from $1.09 billion in 2024 to $1.25 billion in 2025, displaying a compound annual growth rate (CAGR) of 14.3%. The historical growth of this market can be traced back to original military uses, transformations in military strategy, advancements in materials and engineering, the establishment of military rehabilitation schemes, and an increase in defense expenditure.
Over the upcoming years, a swift expansion in the military exoskeleton market size is predicted, reaching "$2.02 billion by 2029 with a compound annual growth rate (CAGR) of 12.8%. The escalation during the forecast period is a result of broadening military uses, advancements in materials and architecture, better customization and adaptability, an increased inclination for medical rehabilitation, and worldwide military modernization programs. Prime trends to look out for during the forecast period encompass improved soldier performance, support for medical rehabilitation, augmentation in R&D investments, miniaturization and portability, integration of artificial intelligence and sensors, and specialized applications.
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What are the most significant trends transforming the military exoskeleton market today?
The rise in the development of lightweight exoskeletons is a significant trend in the military exoskeleton market. Firms participating in this market are producing new models of lightweight exoskeletons to bolster their market dominance. Comau Robotics, an automation specialist based in Italy, unveiled Mate-XT in April 2023 - a wearable exoskeleton for diverse settings, including industrial, non-industrial, and outdoor environments. The exoskeleton boasts a lightweight carbon fiber framework and an accessible control system design. It can resist water, dust, UV light, and fluctuations in temperature and offers easy customization to accommodate almost any body size.
Which key market segments comprise the military exoskeleton market and drive its revenue growth?
The military exoskeleton market covered in this report is segmented -
1) By Type: Full-body Exoskeleton, Partial-body Exoskeleton
2) By Power: Active Exoskeleton, Passive Exoskeleton
3) By Operation: Battery-powered, Cable-powered
4) By Application: Physical Augmentation, Human-machine Interface, Human-computer Interface
Subsegments:
1) By Full-body Exoskeleton: Powered Full-body Exoskeletons, Passive Full-Body Exoskeletons, Rehabilitation Full-body Exoskeletons, Load-Carrying Full-body Exoskeletons
2) By Partial-Body Exoskeleton: Lower-Limb Exoskeletons, Upper-Limb Exoskeletons, Exoskeletons For Specific Tasks, Hybrid Exoskeletons
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What regions are at the forefront of military exoskeleton market expansion?
Europe was the largest region in the military exoskeleton market in 2024.North America is expected to be the fastest-growing region in the global military exoskeleton market report during the forecast period. The regions covered in the military exoskeleton market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the leading players fueling growth in the military exoskeleton market?
Major companies operating in the military exoskeleton market include Lockheed Martin Corporation, Sarcos Technology and Robotics Corporation, Aselsan Elektronik Sanayi ve Ticaret AS, Dephy Inc., Rostec State Corporation, BAE Systems plc, General Atomics, Raytheon Technologies Corporation, Ekso Bionics Holdings Inc., SpringActive Inc., Safran SA, General Dynamics Corporation, CYBERDYNE INC., Bionic Power Inc., B-Temia, Boeing, Honeywell Aerospace, QinetiQ Group plc, Hunter Defense Technologies Inc, Fifth Dimension Technologies, Endeavor Robotics, EXHAUSS Exoskeletons
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What Is Covered In The Military Exoskeleton Global Market Report?
• Market Size Forecast: Examine the military exoskeleton market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the military exoskeleton market for a structured understanding.
• Key Players Overview: Analyze major players in the military exoskeleton market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the military exoskeleton market.
• Segment Contributions: Evaluate how different segments drive overall growth in the military exoskeleton market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the military exoskeleton market.
• Industry Challenges: Identify potential risks and obstacles affecting the military exoskeleton market.
• Competitive Landscape: Review strategic developments in the military exoskeleton market, including expansions, agreements, and new product launches.
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