Albany, New York, June 26, 2019 (GLOBE NEWSWIRE) -- The concern over safety of nations and boundaries due to unstable political conditions has augmented the need for the adoption of advanced defense sector globally. Thus, the world is focusing on the use of wearable robotics for their soldiers, which is augmenting need for advanced military exoskeleton. Thus, a distinctive military exoskeleton market exists from a global perspective.
Exoskeleton systems are key technology-based products manufactured under wearable robotics especially for defense applications. These suits offer additional strength for moving easily with heavy weights. Thanks to these factors, global military exoskeleton market is likely to exhibit a robust CAGR of 14.4% over the forecast period from 2017 to 2025. With the CAGR, the military exoskeleton market is likely to rise from US$924.5 Mn in 2016 and to grab value of US$3,042.4 Mn by the end of 2025.
Request to View Sample of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=24626
Changing Warfare Promotes Adoption of Military Exoskeletons
Changing warfare and robust development of biological weapons that may affect the human body is fuelling growth of the global military exoskeleton market. In order to prevent direct contact to such biological elements, the defense sectors and armies globally are investing to adopt military exoskeletons.
On the basis of type, the partial body exoskeletons segment is likely to witness robust development during the forecast period owing to rising usage of exoskeletons to provide partial support to soldiers. However, continues research and development activities are expected to fuel demand for flexible full body exoskeletons at lower prices. This is expected to drive the demand in future and likely to propel military exoskeleton market growth valued at US$1,977.0 Mn by the end of 2025.
Request PDF Brochure of Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=24626
Volatile Regional Conflicts Increase Demand for Military Exoskeletons
Regionally, North America dominated the global military exoskeleton market followed by Europe. Both the regions are likely to account for 50% share in the revenue collectively. The presence of countries such as the U.S. and Canada, which are investing heavily towards adoption of lightweight exoskeletons for the soldiers are helping the region to dominate.
With an intense and volatile situation in the Middle East region as well as in other Asian countries such as India and Afghanistan, there is a high demand for utilizing military protection equipment such as military exoskeletons in these geographies. Such a high demand has been one of the most crucial and significant factors for maintaining the growth of the global military exoskeleton market.
Coupled with this is the rise in number of ground troops and cavalry units used for combat operations that also has led to a boost in the military exoskeleton market, thus positively contributing towards the revenue. Until recent times, in many warfare affected regions, there has been no sign of conflict abatement, which further signifies that there is immense scope for the global military exoskeleton market to grow in the future.
Request for Custom Research at https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=24626
Major players in the military exoskeleton market survive the tough competition by being progressively innovative, notes TMR in a recently published report. Technological advancements are a key emphasizing factor for the competitive landscape. From an overall perspective, healthy and neck-to-neck competition amongst the prominent organization is forcing the military exoskeleton market to evolve in a fast manner. Ekso Bionics Holdings, Raytheon Company, Lockheed Martin Corporation, BAE Systems, General Dynamics Corporation, Bionic Power, Safran S.A., Honeywell Aerospace, Boeing, and SpringActive, Inc., are key players operating in the military exoskeleton market. The competition is expected to highly intensify with increase in the number of players.
This review is based on the findings of a TMR report, titled “Military Exoskeleton Market (Type - Full Body Exoskeleton and Partial Body Exoskeleton; Power - Active Exoskeleton and Passive Exoskeleton) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=24626
The global Military Exoskeleton Market is segmented as below:
Types
- Full Body Exoskeleton
- Partial Body Exoskeleton
Power
- Active Exoskeleton
- Passive Exoskeleton
Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- Latin America
- Brazil
- Rest of Latin America
Browse More Defense Market Research Reports
Popular Research Reports by TMR:
- Drone Logistics and Transportation Market - https://www.transparencymarketresearch.com/drone-logistics-and-transportation-market.html
- Military Computer Market - https://www.transparencymarketresearch.com/military-computer-market.html
- Urban Air Mobility Market - https://www.transparencymarketresearch.com/urban-air-mobility-market.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
Research Blog: https://tmrblog.com/