Increasing concerns for safety has led the defense sector across the globe to focus on wearable robotics with their soldiers. Exoskeleton systems are one of the foremost areas of interest in the wearable robotics for defense purposes. Against this background, a new research report with a title “Military Exoskeleton Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been recently added to the vast online database of Market Research Reports Search Engine (MRRSE). This report is an in-depth and professional analysis of the current market state as well as the future prospects of the global military exoskeleton market.
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As per the report, the global military exoskeleton market is expected to display a CAGR of 14.4% between 2017 and 2025. At this pace, the market will reach a valuation of US$3,042.4 million by the end of 2025 from US$924.5 million in 2016. The market overview section of the report provides the market dynamics such as the drivers, restraints, risks and opportunities that impact the current state as well as the future status of this global market. An attractiveness analysis is also provided for each segment in the report, in order to provide a comprehensive understanding of the overall scenario in the global military exoskeleton market. Furthermore, the report presents an overview of various strategies adopted by the major players operating in the global market.
The global military exoskeleton market is segmented by types, power and geography. Based on type, the market is segmented into full body exoskeleton and partial body exoskeleton systems. The partial body exoskeletons systems are likely to lead the global military exoskeleton market. Likewise, the market is bifurcated on the basis of power into active exoskeletons and passive exoskeletons. In terms of geography, the global market is segmented into five major regions namely Asia Pacific, North America, Europe, Middle East & Africa (MEA) and Latin America.
The global market of military exoskeleton is experiencing strong competition from the top players operating in the market. These players also undertake mergers and acquisition in order to withstand in the competitive environment. Moreover, the report also covers a detailed company profile of the major players which includes the company overview, financial overview, product segments, financial performance, SWOT analysis and the business strategies adopted by them. The key players profiled in this report include Raytheon Company (U.S.), Lockheed Martin Corporation (U.S.), BAE Systems (U.K.), General Dynamics Corporation (U.S.), Boeing (U.S.), Ekso Bionics Holdings (U.S.), Bionic Power (Canada), Honeywell Aerospace (U.S.), Safran S.A. (France) and SpringActive, Inc. (U.S.).
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