North America military exoskeletons market is projected to grow by 26.2% annually in the forecast period and reach $ 801.5 million by 2032, driven by the increasing warfare and regional conflicts, the technological advancements in exoskeleton industry, and an increasing focus on the safety and efficiency of dismounted soldiers.
Highlighted with 28 tables and 64 figures, this 123-page report “North America Military Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Power (Active/Powered, Passive), Structure (Rigid, Soft), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America military exoskeletons market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America military exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Power, Structure, and Country.
Based on Offering, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Hardware
o Sensors
o Actuators
o Power Sources
o Controllers
o Other Hardware
• Software
• Service
Based on Function, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Upper Body Exoskeletons
• Lower Body Exoskeletons
• Full Body Exoskeletons
By Power, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Active/Powered Exoskeletons
o Electric Actuator
o Pneumatic Actuator
o Hydraulic Actuator
o Mechanical Actuator
o Other Types
• Passive Exoskeletons
By Structure, the North America market is segmented into the following sub-markets with annual revenue ($ mn) and volume (units) for 2022-2032 included in each section.
• Rigid Exoskeletons
• Soft Exoskeletons
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Function, Power, and Structure over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Aselsan AS
BAE Systems PLC
Bionic Power Inc.
Dephy Inc.
Lockheed Martin Corporation
Mawashi Science & Technology
Northrop Grumman Corporation
Raytheon Technologies Corporation
Revision Inc.
Rostec Corp.
Safran S.A.
Sarcos Corporation
SRI International Inc.
US Bionics Inc. (Suitx)
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 10
1.2 Research Methodology 13
1.2.1 Overview of Market Research Methodology 13
1.2.2 Market Assumption 14
1.2.3 Secondary Data 14
1.2.4 Primary Data 14
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 21
2.1 Market Size and Forecast 21
2.1.1 Impact of COVID-19 on World Economy 24
2.1.2 Impact of COVID-19 on the Market 27
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 29
2.2 Major Growth Drivers 33
2.3 Market Restraints and Challenges 40
2.4 Emerging Opportunities and Market Trends 43
2.5 Porter’s Fiver Forces Analysis 47
3 Segmentation of North America Market by Offering 51
3.1 Market Overview by Offering 51
3.2 Hardware 53
3.2.1 Sensors 54
3.2.2 Actuators 55
3.2.3 Power Sources 56
3.2.4 Controllers 57
3.2.5 Other Hardware 58
3.3 Software 59
3.4 Services 60
4 Segmentation of North America Market by Function 61
4.1 Market Overview by Function 61
4.2 Upper Body Exoskeletons 65
4.3 Lower Body Exoskeletons 67
4.4 Full Body Exoskeletons 69
5 Segmentation of North America Market by Power 71
5.1 Market Overview by Power 71
5.2 Active/Powered Exoskeletons 75
5.2.1 Electric Actuator 77
5.2.2 Pneumatic Actuator 78
5.2.3 Hydraulic Actuator 79
5.2.4 Fuel Cell Actuator 80
5.2.5 Other Types 81
5.3 Passive Exoskeletons 82
6 Segmentation of North America Market by Structure 84
6.1 Market Overview by Structure 84
6.2 Rigid Exoskeletons 88
6.3 Soft Exoskeletons 90
7 North America Market 2022-2032 by Country 92
7.1 Overview of North America Market 92
7.2 U.S. 97
7.3 Canada 100
7.4 Mexico 102
8 Competitive Landscape 104
8.1 Overview of Key Vendors 104
8.2 New Product Launch, Partnership, Investment, and M&A 107
8.3 Company Profiles 108
Aselsan AS 108
BAE Systems PLC 110
Bionic Power Inc. 111
Dephy Inc. 112
Lockheed Martin Corporation 113
Mawashi Science & Technology 114
Northrop Grumman Corporation 115
Raytheon Technologies Corporation 116
Revision Inc. 117
Rostec Corp. 118
Safran S.A. 119
Sarcos Corporation 120
SRI International Inc. 121
US Bionics Inc. (Suitx) 122
RELATED REPORTS 123
List of Tables:
Table 1. Snapshot of North America Military Exoskeletons Market in Balanced Perspective, 2022-2032 19
Table 2. World Economic Outlook, 2021-2031 25
Table 3. World Economic Outlook, 2021-2023 26
Table 4. Scenarios for Economic Impact of Ukraine Crisis 30
Table 5. Main Product Trends and Market Opportunities in North America Military Exoskeletons Market 43
Table 6. North America Military Exoskeletons Market by Offering, 2022-2032, $ mn 51
Table 7. North America Military Exoskeletons Market: Hardware by Type, 2022-2032, $ mn 53
Table 8. North America Military Exoskeletons Market by Function, 2022-2032, $ mn 61
Table 9. North America Military Exoskeletons Market by Function, 2022-2032, units 63
Table 10. North America Military Exoskeletons Market by Power, 2022-2032, $ mn 71
Table 11. North America Military Exoskeletons Market by Power, 2022-2032, units 73
Table 12. North America Military Exoskeletons Market: Active/Powered Exoskeletons by Type, 2022-2032, $ mn 76
Table 13. North America Military Exoskeletons Market by Structure, 2022-2032, $ mn 84
Table 14. North America Military Exoskeletons Market by Structure, 2022-2032, units 86
Table 15. North America Military Exoskeletons Market by Country, 2022-2032, $ mn 93
Table 16. North America Military Exoskeletons Market by Country, 2022-2032, units 95
Table 17. U.S. Military Exoskeletons Market by Function, 2022-2032, $ mn 99
Table 18. U.S. Military Exoskeletons Market by Power, 2022-2032, $ mn 99
Table 19. U.S. Military Exoskeletons Market by Structure, 2022-2032, $ mn 99
Table 20. Canada Military Exoskeletons Market by Function, 2022-2032, $ mn 101
Table 21. Canada Military Exoskeletons Market by Power, 2022-2032, $ mn 101
Table 22. Canada Military Exoskeletons Market by Structure, 2022-2032, $ mn 101
Table 23. Mexico Military Exoskeletons Market by Function, 2022-2032, $ mn 103
Table 24. Mexico Military Exoskeletons Market by Power, 2022-2032, $ mn 103
Table 25. Mexico Military Exoskeletons Market by Structure, 2022-2032, $ mn 103
Table 26. Aselsan AS: Company Snapshot 108
Table 27. Aselsan AS: Business Segmentation 109
Table 28. Aselsan AS: Product Portfolio 109