Military Exoskeleton Industry Growth Outlook: 12.7% CAGR and $2 Billion by 2029

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What Is the Long-Term Growth Forecast for the Military Exoskeleton Market Size 2025?
The size of the military exoskeleton market has seen swift growth in the past few years. It is projected to expand from $1.09 billion in 2024 to $1.24 billion in 2025, with a compound annual growth rate (CAGR) of 13.8%. The factors driving this growth in the past include its initial applications in the military, changes in warfare strategies, initiatives towards military rehabilitation, improvements in materials and engineering, and an increase in defense spending.

What CAGR is Forecasted for the Military Exoskeleton Market Through 2029?
The market size for military exoskeletons is projected to experience swift expansion in the coming years, reaching $2 billion by 2029, with a CAGR of 12.7%. The predicted growth during this forecast period can be linked to the broadening of military applications, advancements in design and materials, and the potential for customization and adaptability. There is also an increasing demand for medical rehabilitation and the widespread implementation of global military modernization programs. The expected major trends during this forecast period consist of enhanced performance for soldiers, support and rehabilitation in the medical field, a surge in R&D investments, an emphasis on miniaturization and portability, incorporation of AI and sensors, and specialized applications.

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What Are the Critical Factors Driving Military Exoskeleton Market Development?
The increase in acts of terrorism and international disputes is predicted to drive the expansion of the military exoskeleton market in the future. Acts of terrorism are purposeful efforts to use violence or threats for political, religious or ideological reasons by inciting fear or enforcing coercion among civilians. International disputes signify legal conflicts or disagreements that arise between entities or individuals from distinct countries. Military exoskeletons amplify the physical capabilities of soldiers such as strength, agility, and endurance, thus enhancing their preparedness to tackle terrorist threats. For instance, The Institute for Economics and Peace, an Australian global think tank, commented in February 2024 that terrorist attacks became deadlier in 2023, causing 2.5 deaths per attack in contrast to 1.6 in 2022. Hence, escalating instances of terrorism and international antagonism are propelling the growth of the military exoskeleton market onwards.

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How Does the Military Exoskeleton Market Break Down Across Major Segments?
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

What Are the Major Trends Transforming the Military Exoskeleton Industry?
The rising trend in the military exoskeleton market is the advancement of lightweight exoskeletons. To maintain their market dominance, companies in this sector are introducing new models of these lightweight versions. For example, Comau Robotics, a corporation based in Italy that specializes in automation, debuted the Mate-XT, a wearable exoskeleton applicable for industrial and non-industrial settings, including open-air environments, in April 2023. The exoskeleton's design incorporates a slender, lightweight carbon fiber framework and an easy-to-operate control system. The system is designed to withstand dust, water, UV light, temperature fluctuations and can easily be customized to fit almost any body size.

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Which Players Are Driving Innovation 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

Which Regions Are Driving Global 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

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