Global Military Exoskeleton Market – Trends & Forecast, 2017-2023

With the changing nature of warfare, most of the countries, across the globe, have developed or are developing military suits or body armor for their armed forces.

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General

Publisher:
Market Research Future
Geography Covered
Global
Publication Date
Sep. 2017
Pages
97
Version:
2017
Language
  • English
  • Chinese
Format
License

Market Scenario

With the changing nature of warfare, most of the countries, across the globe, have developed or are developing military suits or body armor for their armed forces. Notwithstanding the innovations and developments attached with these military wearable’s, their basic functionality includes the provision of added strength, efficiency, and combat capabilities to the armed troops. Military Exoskeletons are lighter than the conventional load carriage or armor systems, and they enable 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 global military exoskeleton market is expected to grow at a CAGR of 25.87%, during the forecast period. In 2016, the market was led by the Americas, with a 49.85% share, followed by EMEA and APAC, with shares of 29.89% and 20.26%, respectively. The global military exoskeleton market has been segmented based on power, types and regions. On the basis of types, the partial body exoskeleton accounted for the largest market share of 53.79% in 2016, with a market value of USD 27.9 million; projected to grow at a CAGR of 24.35%, during the forecast period. On the basis of power, the active exoskeleton accounted for the largest market share of 51.32% in 2016, with a market value of USD 26.6 million; projected to grow at a CAGR of 26.12%, during the forecast period.

Market Segmentation
• By Power
o Active Exoskeleton
o Passive Exoskeleton
• By Type
o Full-Body Military Exoskeleton
o Partial-Body Military Exoskeleton

Regional 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 have resulted in the development of advanced military exoskeleton systems. Americas accounted for the largest market share of 49.85% in 2015, with a market value of USD 25.8 million and is projected to grow at the highest CAGR of 28.30% during the forecast period. The US, in particular, is home to a number of military exoskeleton programs such as HULC, XOS 2, Superflex Exo suit, Soft Exo suit, Warrior Web system, and TALOS. These phenomenal technological armor suits provide the soldiers with increased power, safety, and capabilities, which have helped them to carry out the military operations conveniently, in vulnerable regions such as Cyprus, Iraq, Libya, Nigeria, Somalia, Syria, and Afghanistan. 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. During the military exercises in Afghanistan (2001-2014), many European countries had deployed their combatants, to fight the Islamic State (IS) insurgents. Some countries such as France, Germany, Italy, Spain, Switzerland, and the UK had initiated advanced soldier modernization programs, which would come in aid of their soldiers, by enhancing their operational capabilities.

Key Players
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.

The report for 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.

 

1 Executive Summary 11
2 Introduction 13
3 Research Methodology 15
3.1 Research Process 15
3.2 Primary Research 16
3.3 Secondary Research 16
3.4 Market Size Estimation 16
3.5 Forecast Model 18
4 Key Buying Criteria 19
5 Market Dynamics 20
5.1 Drivers 20
5.1.1 Introduction of future soldier suits 20
5.1.2 Reduction in soldier injuries 21
5.1.3 Transforming nature of warfare 22
5.2 Restraints 23
5.2.1 Durability of exoskeleton systems 23
5.2.2 Lesser penetration in developing countries 24
5.2.3 Power issues associated with exoskeletons 24
5.2.4 Restriction in soldier mobility 25
5.3 Opportunities 25
5.3.1 Replacement of soldiers with exoskeletons 25
5.4 Trends 27
5.4.1 Advent of soft robotic suit 27
5.4.2 Emergence of advanced lightweight wearable 28
5.4.3 Introduction of Superflex suit 29
6 Market Factor Analysis 30
6.1 Porters Five Forces Analysis 30
6.1.1 Threat of New Entrants 30
6.1.2 Bargaining Power of Suppliers 30
6.1.3 Bargaining Power of Buyers 30
6.1.4 Threat of Substitutes 31
6.1.5 Rivalry 31
7 Patent Trends 32
8 Global Military Exoskeleton Market, By Power 38
8.1 Introduction 39
8.1.1 Active Exoskeleton 39
8.1.2 Passive Exoskeleton 39
9 Global Military Exoskeleton Market, By Type 42
9.1 Introduction 43
9.1.1 Full-Body Military Exoskeleton 43
9.1.2 Partial-Body Military Exoskeleton 44
10 Military Exoskeleton Market, By Region 46
10.1 Introduction 47
10.2 Americas 48
10.2.1 U.S. 52
10.2.2 Canada 53
10.2.3 Rest Of Americas 54
10.3 Asia-Pacific 55
10.3.1 China 59
10.3.2 Japan 60
10.3.3 India 61
10.3.4 Rest Of Asia-Pacific 62
10.4 Europe, Middle East, and Africa 63
10.4.1 U.K. 68
10.4.2 Russia 69
10.4.3 France 70
10.4.4 Netherlands 71
10.4.5 Rest Of Europe, Middle East, and Africa 72
11 Competitive Landscape 73
12 Company Profiles 75
12.1 BAE Systems 75
12.1.1 Company Overview 75
12.1.2 Financial Overview 75
12.1.3 Product/Service Offerings 76
12.1.4 SWOT Analysis 77
12.2 General Atomics 78
12.2.1 Company Overview 78
12.2.2 Financial Overview 78
12.2.3 Product/Service Offerings 78
12.2.4 SWOT Analysis 79
12.3 Lockheed Martin 80
12.3.1 Company Overview 80
12.3.2 Financial Overview 80
12.3.3 Product/Service Offerings 81
12.3.4 Strategy 81
12.3.5 SWOT Analysis 82
12.4 Raytheon 83
12.4.1 Company Overview 83
12.4.2 Financial Overview 83
12.4.3 Product/Service Offerings 84
12.4.4 Strategy 84
12.4.5 SWOT Analysis 85
12.5 Safran Electronics & Defense 86
12.5.1 Company Overview 86
12.5.2 Financial Overview 86
12.5.3 Product/Service Offerings 87
12.5.5 Safran Electronics & Defense: SWOT Analysis 88
12.6 Bionic Power 89
12.6.1 Company Overview 89
12.6.2 Financial Overview 89
12.6.3 Product/Service Offerings 89
12.6.4 Key Developments 89
12.7 Ekso Bionics 90
12.7.1 Company Overview 90
12.7.2 Financial Overview 90
12.7.4 Product/Service Offerings 91
12.8 20 Knots Plus 93
12.8.1 Company Overview 93
12.8.2 Financial Overview 93
12.8.3 Product/Service Offerings 93
12.9 Revision Military 94
12.9.1 Company Overview 94
12.9.2 Financial Overview 94
12.9.3 Product/Service Offerings 94
12.10 SpringActive, Inc. 95
12.10.1 Company Overview 95
12.10.2 Financial Overview 95
12.10.3 Product/Service Offerings 95
12.11 SRI International 96
12.11.1 Company Overview 96
12.11.2 Financial Overview 96
12.11.3 Product/Service Offerings 96

 

TABLE 1 MARKET SYNOPSIS 12
TABLE 2 PUBLISHED PATENTS ON MILITARY EXOSKELETON (AUGUST 23RD, 2012 – AUGUST 23RD, 2017) 32
TABLE 3 GLOBAL MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 41
TABLE 4 GLOBAL MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 45
TABLE 5 AMERICAS: MILITARY EXOSKELETON MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 49
TABLE 6 AMERICAS: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 50
TABLE 7 AMERICAS: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 51
TABLE 8 U.S.: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 52
TABLE 9 U.S.: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 52
TABLE 10 CANADA: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 53
TABLE 11 CANADA: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 53
TABLE 12 REST OF AMERICAS: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 54
TABLE 13 REST OF AMERICAS: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 54
TABLE 14 ASIA-PACIFIC: MILITARY EXOSKELETON MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 56
TABLE 15 ASIA-PACIFIC: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 57
TABLE 16 ASIA-PACIFIC: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 58
TABLE 17 U.K.: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 59
TABLE 18 CHINA: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 59
TABLE 19 JAPAN: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 60
TABLE 20 JAPAN: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 60
TABLE 21 INDIA: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 61
TABLE 22 INDIA: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 61
TABLE 23 REST OF ASIA-PACIFIC: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 62
TABLE 24 REST OF ASIA-PACIFIC: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 62
TABLE 25 EUROPE, MIDDLE EAST, AND AFRICA: MILITARY EXOSKELETON MARKET, BY COUNTRY, 2015-2023 (USD MILLION) 65
TABLE 26 EUROPE, MIDDLE EAST, AND AFRICA: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 66
TABLE 27 EUROPE, MIDDLE EAST, AND AFRICA: MILITARY EXOSKELETON MARKET, BY TYPE,2015-2023 (USD MILLION) 67
TABLE 28 U.K.: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 68
TABLE 29 U.K.: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 68
TABLE 30 RUSSIA: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 69
TABLE 31 RUSSIA: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 69
TABLE 32 FRANCE: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 70
TABLE 33 FRANCE: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 70
TABLE 34 NETHERLANDS: MILITARY EXOSKELETON MARKET, BY VEHCILE TYPE, 2015-2023 (USD MILLION) 71
TABLE 35 NETHERLANDS: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 71
TABLE 36 REST OF EUROPE, MIDDLE EAST, AND AFRICA: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 72
TABLE 37 REST OF EUROPE, MIDDLE EAST, AND AFRICA: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 72
TABLE 38 BAE SYSTEMS: PRODUCT/SERVICE OFFERINGS 76
TABLE 39 GENERAL ATOMICS: PRODUCT/SERVICE OFFERINGS 78
TABLE 40 LOCKHEED MARTIN: PRODUCT/SERVICE OFFERINGS 81
TABLE 41 RAYTHEON: PRODUCT/SERVICE OFFERINGS 84
TABLE 42 SAFRAN ELECTRONICS & DEFENSE: PRODUCT/SERVICE OFFERINGS 87
TABLE 43 BIONIC POWER: PRODUCT/SERVICE OFFERINGS 89
TABLE 44 EKSO BIONICS: PRODUCT/SERVICE OFFERINGS 91
TABLE 45 REVISION MILITARY: PRODUCT/SERVICE OFFERINGS 94
TABLE 46 SPRINGACTIVE, INC.: PRODUCT/SERVICE OFFERINGS 95
TABLE 47 SRI INTERNATIONAL: PRODUCT/SERVICE OFFERINGS 96

FIGURE 1 COMPONENTS OF THE MODERN EXOSKELETON SYSTEMS 13
FIGURE 2 EXAMPLES OF PROMINENT SOLDIER MODERNIZATION PROGRAMS 14
FIGURE 3 RESEARCH PROCESS OF MRFR 15
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 17
FIGURE 5 KEY BUYING CRITERIA OF MILITARY EXOSKELETONS 19
FIGURE 6 MAJOR BODY SUITS DESIGNED FOR THE ARMED TROOPS IN THE LAST DECADE 20
FIGURE 7 SOURCE: SECONDARY RESEARCH AND MRFR ANALYSIS 20
FIGURE 8 IMPACT OF NUCLEAR WEAPON ATTACKS 23
FIGURE 9 ADVANTAGES OF SOLDIERS GETTING REPLACED WITH EXOSKELETONS 26
FIGURE 10 IMPORTANT FEATURES OF THE SOFT EXOSUIT 27
FIGURE 11 ATTRIBUTES OF THE FELIN INFANTRY SOLDIER MODERNIZATION SYSTEM 28
FIGURE 12 GEOGRAPHICAL DISTRIBUTION OF THE PUBLISHED PATENTS ON MILITARY EXOSKELETON (AUGUST 23RD, 2012 – AUGUST 23RD, 2017) 37
FIGURE 13 GLOBAL MILITARY EXOSKELETON MARKET, BY POWER, 2016 (% SHARE) 40
FIGURE 14 GLOBAL MILITARY EXOSKELETON MARKET, BY POWER, 2015 TO 2023 (USD MILLION) 40
FIGURE 15 GLOBAL MILITARY EXOSKELETON MARKET, BY TYPE, 2016 (% SHARE) 44
FIGURE 16 GLOBAL MILITARY EXOSKELETON MARKET, BY TYPE, 2015 TO 2023 (USD MILLION) 45
FIGURE 17 GLOBAL MILITARY EXOSKELETON MARKET, BY REGION, 2015 TO 2023 (USD MILLION) 47
FIGURE 18 GLOBAL MILITARY EXOSKELETON MARKET, BY REGION, 2015-2023 (USD MILLION) 47
FIGURE 19 AMERICAS: MILITARY EXOSKELETON MARKET SHARE, BY COUNTRY, 2016 (% SHARE) 49
FIGURE 20 AMERICAS: MILITARY EXOSKELETON MARKET, BY POWER, 2015 TO 2023 (USD MILLION) 50
FIGURE 21 AMERICAS: MILITARY EXOSKELETON MARKET, BY TYPE, 2015 TO 2023 (USD MILLION) 51
FIGURE 22 ASIA-PACIFIC: MILITARY EXOSKELETON MARKET, BY COUNTRY, 2016 (% SHARE) 55
FIGURE 23 ASIA-PACIFIC: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 57
FIGURE 24 ASIA-PACIFIC: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 58
FIGURE 25 EUROPE, MIDDLE EAST, AND AFRICA: MILITARY EXOSKELETON MARKET, BY COUNTRY, 2016 (% SHARE) 65
FIGURE 26 EUROPE, MIDDLE EAST, AND AFRICA: MILITARY EXOSKELETON MARKET, BY POWER, 2015-2023 (USD MILLION) 66
FIGURE 27 EUROPE, MIDDLE EAST, AND AFRICA: MILITARY EXOSKELETON MARKET, BY TYPE, 2015-2023 (USD MILLION) 67
FIGURE 28 COMPETITORS BENCHMARKING 74
FIGURE 29 BAE SYSTEMS: TOTAL REVENUE, 2016 (USD MILLION) 75
FIGURE 30 BAE SYSTEMS: GEOGRAPHIC REVENUE, 2016 (%) 76
FIGURE 31 BAE SYSTEMS: SWOT ANALYSIS 77
FIGURE 32 GENERAL ATOMICS: SWOT ANALYSIS 79
FIGURE 33 LOCKHEED MARTIN: TOTAL REVENUE (USD MILLION) 80
FIGURE 34 LOCKHEED MARTIN: GEOGRAPHIC REVENUE, 2016 (%) 81
FIGURE 35 LOCKHEED MARTIN: KEY DEVELOPMENTS, 2014-2016 81
FIGURE 36 LOCKHEED MARTIN: SWOT ANALYSIS 82
FIGURE 37 RAYTHEON: TOTAL REVENUE (USD MILLION) 83
FIGURE 38 RAYTHEON: GEOGRAPHIC REVENUE, 2016 (%) 84
FIGURE 39 RAYTHEON: SWOT ANALYSIS 85
FIGURE 40 SAFRAN: TOTAL REVENUE (USD MILLION) 86
FIGURE 41 SAFRAN: GEOGRAPHIC REVENUE, 2016 (%) 87
FIGURE 42 SAFRAN ELECTRONICS & DEFENSE: SWOT ANALYSIS 88
FIGURE 43 BIONIC POWER: KEY DEVELOPMENTS 89
FIGURE 44 EKSO BIONICS: TOTAL REVENUE (USD MILLION) 90
FIGURE 45 EKSO BIONICS: GEOGRAPHIC REVENUE, 2016 (%) 91
FIGURE 46 EKSO BIONICS: KEY DEVELOPMENTS 92
FIGURE 47 20 KNOTS PLUS: KEY DEVELOPMENTS 93
FIGURE 48 SRI INTERNATIONAL: TOTAL REVENUE (USD MILLION) 96

 

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