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.
Military
Exoskeleton Market Size
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.
Complete Report Details @ https://www.marketresearchfuture.com/reports/military-exoskeleton-market-4134
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