Asia Pacific 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
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Asia Pacific military exoskeletons market will grow by 29.8% annually with a total addressable market cap of $2.57 billion over 2023-2032, driven by the increasing warfare and regional conflicts, the technological advancements in exoskeleton industry, and an increasing focus on the safety and efficiency of dismounted soldiers.
Highlighted with 35 tables and 67 figures, this 128-page report “Asia Pacific Military Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Power (Active/Powered, Passive), Structure (Rigid, Soft), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Asia Pacific military exoskeletons market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of Asia Pacific market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Asia Pacific military exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Power, Structure, and Country.
Based on Offering, the Asia Pacific market is segmented into the following sub-markets with annual revenue ($ 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 Asia Pacific 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 Asia Pacific 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 Asia Pacific 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:
• Japan
• China
• South Korea
• Australia
• India
• Rest of APAC (further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
For each key country, detailed analysis and data for annual revenue ($ mn) and volume (units) 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 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 23
2.1.2 Impact of COVID-19 on the Market 26
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 28
2.2 Major Growth Drivers 32
2.3 Market Restraints and Challenges 39
2.4 Emerging Opportunities and Market Trends 42
2.5 Porter’s Fiver Forces Analysis 46
3 Segmentation of Asia Pacific Market by Offering 50
3.1 Market Overview by Offering 50
3.2 Hardware 52
3.2.1 Sensors 53
3.2.2 Actuators 54
3.2.3 Power Sources 55
3.2.4 Controllers 56
3.2.5 Other Hardware 57
3.3 Software 58
3.4 Services 59
4 Segmentation of Asia Pacific Market by Function 60
4.1 Market Overview by Function 60
4.2 Upper Body Exoskeletons 64
4.3 Lower Body Exoskeletons 66
4.4 Full Body Exoskeletons 68
5 Segmentation of Asia Pacific Market by Power 70
5.1 Market Overview by Power 70
5.2 Active/Powered Exoskeletons 74
5.2.1 Electric Actuator 76
5.2.2 Pneumatic Actuator 77
5.2.3 Hydraulic Actuator 78
5.2.4 Fuel Cell Actuator 79
5.2.5 Other Types 80
5.3 Passive Exoskeletons 81
6 Segmentation of Asia Pacific Market by Structure 83
6.1 Market Overview by Structure 83
6.2 Rigid Exoskeletons 87
6.3 Soft Exoskeletons 89
7 Asia-Pacific Market 2022-2032 by Country/Region 91
7.1 Overview of Asia-Pacific Market 91
7.2 Japan 96
7.3 China 99
7.4 Australia 101
7.5 India 103
7.6 South Korea 105
7.7 Rest of APAC Region 107
8 Competitive Landscape 109
8.1 Overview of Key Vendors 109
8.2 New Product Launch, Partnership, Investment, and M&A 112
8.3 Company Profiles 113
Aselsan AS 113
BAE Systems PLC 115
Bionic Power Inc. 116
Dephy Inc. 117
Lockheed Martin Corporation 118
Mawashi Science & Technology 119
Northrop Grumman Corporation 120
Raytheon Technologies Corporation 121
Revision Inc. 122
Rostec Corp. 123
Safran S.A. 124
Sarcos Corporation 125
SRI International Inc. 126
US Bionics Inc. (Suitx) 127
RELATED REPORTS 128
Tables & Figures:
List of Tables:
Table 1. Snapshot of Asia Pacific Military Exoskeletons Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 24
Table 3. World Economic Outlook, 2021-2023 25
Table 4. Scenarios for Economic Impact of Ukraine Crisis 29
Table 5. Main Product Trends and Market Opportunities in Asia Pacific Military Exoskeletons Market 42
Table 6. Asia Pacific Military Exoskeletons Market by Offering, 2022-2032, $ mn 50
Table 7. Asia Pacific Military Exoskeletons Market: Hardware by Type, 2022-2032, $ mn 52
Table 8. Asia Pacific Military Exoskeletons Market by Function, 2022-2032, $ mn 60
Table 9. Asia Pacific Military Exoskeletons Market by Function, 2022-2032, units 62
Table 10. Asia Pacific Military Exoskeletons Market by Power, 2022-2032, $ mn 70
Table 11. Asia Pacific Military Exoskeletons Market by Power, 2022-2032, units 72
Table 12. Asia Pacific Military Exoskeletons Market: Active/Powered Exoskeletons by Type, 2022-2032, $ mn 75
Table 13. Asia Pacific Military Exoskeletons Market by Structure, 2022-2032, $ mn 83
Table 14. Asia Pacific Military Exoskeletons Market by Structure, 2022-2032, units 85
Table 15. APAC Military Exoskeletons Market by Country/Region, 2022-2032, $ mn 92
Table 16. APAC Military Exoskeletons Market by Country/Region, 2022-2032, units 94
Table 17. Japan Military Exoskeletons Market by Function, 2022-2032, $ mn 98
Table 18. Japan Military Exoskeletons Market by Power, 2022-2032, $ mn 98
Table 19. Japan Military Exoskeletons Market by Structure, 2022-2032, $ mn 98
Table 20. China Military Exoskeletons Market by Function, 2022-2032, $ mn 100
Table 21. China Military Exoskeletons Market by Power, 2022-2032, $ mn 100
Table 22. China Military Exoskeletons Market by Structure, 2022-2032, $ mn 100
Table 23. Australia Military Exoskeletons Market by Function, 2022-2032, $ mn 102
Table 24. Australia Military Exoskeletons Market by Power, 2022-2032, $ mn 102
Table 25. Australia Military Exoskeletons Market by Structure, 2022-2032, $ mn 102
Table 26. India Military Exoskeletons Market by Function, 2022-2032, $ mn 104
Table 27. India Military Exoskeletons Market by Power, 2022-2032, $ mn 104
Table 28. India Military Exoskeletons Market by Structure, 2022-2032, $ mn 104
Table 29. South Korea Military Exoskeletons Market by Function, 2022-2032, $ mn 106
Table 30. South Korea Military Exoskeletons Market by Power, 2022-2032, $ mn 106
Table 31. South Korea Military Exoskeletons Market by Structure, 2022-2032, $ mn 106
Table 32. Military Exoskeletons Market in Rest of APAC by Country/Region, 2022-2032, $ mn 108
Table 33. Aselsan AS: Company Snapshot 113
Table 34. Aselsan AS: Business Segmentation 114
Table 35. Aselsan AS: Product Portfolio 114
List of Figures:
Figure 1. Exemplary Pictures of Military Exoskeletons 8
Figure 2. Research Method Flow Chart 12
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 4. Asia Pacific Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17
Figure 5. Industry Value Chain Analysis 20
Figure 6. Asia Pacific Military Exoskeletons Market by Revenue, 2022-2032, $ mn 21
Figure 7. Asia Pacific Military Exoskeletons Market by Shipment, 2022-2032, units 22
Figure 8. Asia Pacific ASP of Military Exoskeletons, 2022-2032, thousand USD/unit 22
Figure 9. Impact of COVID-19 on Business 26
Figure 10. Primary Drivers and Impact Factors of Asia Pacific Military Exoskeletons Market 32
Figure 11. World Military Expenditure by Region, 1988–2022, $ billion 36
Figure 12. The Share of World Military Expenditure of the 15 Countries with the Highest Spending in 2022 38
Figure 13. Primary Restraints and Impact Factors of Asia Pacific Military Exoskeletons Market 39
Figure 14. Investment Opportunity Analysis 43
Figure 15. Porter’s Fiver Forces Analysis of Asia Pacific Military Exoskeletons Market 46
Figure 16. Breakdown of Asia Pacific Military Exoskeletons Market by Offering, 2022-2032, % of Revenue 51
Figure 17. Asia Pacific Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 51
Figure 18. Asia Pacific Military Exoskeletons Market by Offering: Hardware, 2022-2032, $ mn 52
Figure 19. Asia Pacific Military Exoskeletons Market by Hardware: Sensors, 2022-2032, $ mn 53
Figure 20. Asia Pacific Military Exoskeletons Market by Hardware: Actuators, 2022-2032, $ mn 54
Figure 21. Asia Pacific Military Exoskeletons Market by Hardware: Power Sources, 2022-2032, $ mn 55
Figure 22. Asia Pacific Military Exoskeletons Market by Hardware: Controllers, 2022-2032, $ mn 56
Figure 23. Asia Pacific Military Exoskeletons Market by Hardware: Other Hardware, 2022-2032, $ mn 57
Figure 24. Asia Pacific Military Exoskeletons Market by Offering: Software, 2022-2032, $ mn 58
Figure 25. Asia Pacific Military Exoskeletons Market by Offering: Services, 2022-2032, $ mn 59
Figure 26. Breakdown of Asia Pacific Military Exoskeletons Market by Function, 2022-2032, % of Sales Revenue 61
Figure 27. Asia Pacific Addressable Market Cap in 2023-2032 by Function, Value ($ mn) and Share (%) 61
Figure 28. Breakdown of Asia Pacific Military Exoskeletons Market by Function, 2022-2032, % of Shipment 63
Figure 29. Asia Pacific Addressable Market Cap in 2023-2032 by Function, Shipment (units) and Share (%) 63
Figure 30. Asia Pacific Military Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, $ mn 64
Figure 31. Asia Pacific Military Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, units 65
Figure 32. Asia Pacific Military Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, $ mn 66
Figure 33. Asia Pacific Military Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, units 67
Figure 34. Asia Pacific Military Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, $ mn 68
Figure 35. Asia Pacific Military Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, units 69
Figure 36. Breakdown of Asia Pacific Military Exoskeletons Market by Power, 2022-2032, % of Revenue 70
Figure 37. Asia Pacific Addressable Market Cap in 2023-2032 by Power, Value ($ mn) and Share (%) 71
Figure 38. Breakdown of Asia Pacific Military Exoskeletons Market by Power, 2022-2032, % of Shipment 72
Figure 39. Asia Pacific Addressable Market Cap in 2023-2032 by Power, Shipment (units) and Share (%) 73
Figure 40. Asia Pacific Military Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, $ mn 74
Figure 41. Asia Pacific Military Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, units 75
Figure 42. Asia Pacific Military Exoskeletons Market by Active/Powered Exoskeletons: Electric Actuator, 2022-2032, $ mn 76
Figure 43. Asia Pacific Military Exoskeletons Market by Active/Powered Exoskeletons: Pneumatic Actuator, 2022-2032, $ mn 77
Figure 44. Asia Pacific Military Exoskeletons Market by Active/Powered Exoskeletons: Hydraulic Actuator, 2022-2032, $ mn 78
Figure 45. Asia Pacific Military Exoskeletons Market by Active/Powered Exoskeletons: Fuel Cell Actuator, 2022-2032, $ mn 79
Figure 46. Asia Pacific Military Exoskeletons Market by Active/Powered Exoskeletons: Other Types, 2022-2032, $ mn 80
Figure 47. Asia Pacific Military Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, $ mn 81
Figure 48. Asia Pacific Military Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, units 82
Figure 49. Breakdown of Asia Pacific Military Exoskeletons Market by Structure, 2022-2032, % of Revenue 83
Figure 50. Asia Pacific Addressable Market Cap in 2023-2032 by Structure, Value ($ mn) and Share (%) 84
Figure 51. Breakdown of Asia Pacific Military Exoskeletons Market by Structure, 2022-2032, % of Shipment 85
Figure 52. Asia Pacific Addressable Market Cap in 2023-2032 by Structure, Shipment (units) and Share (%) 86
Figure 53. Asia Pacific Military Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, $ mn 87
Figure 54. Asia Pacific Military Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, units 88
Figure 55. Asia Pacific Military Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, $ mn 89
Figure 56. Asia Pacific Military Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, units 90
Figure 57. Breakdown of APAC Military Exoskeletons Market by Country/Region, 2022 and 2032, % of Revenue 92
Figure 58. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 93
Figure 59. Breakdown of APAC Military Exoskeletons Market by Country/Region, 2022 and 2032, % of Shipment 94
Figure 60. Contribution to APAC 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 95
Figure 61. Military Exoskeletons Market in Japan, 2022-2032, $ mn 97
Figure 62. Military Exoskeletons Market in China, 2022-2032, $ mn 99
Figure 63. Military Exoskeletons Market in Australia, 2022-2032, $ mn 101
Figure 64. Military Exoskeletons Market in India, 2022-2032, $ mn 103
Figure 65. Military Exoskeletons Market in South Korea, 2022-2032, $ mn 105
Figure 66. Military Exoskeletons Market in Rest of APAC, 2022-2032, $ mn 107
Figure 67. Growth Stage of Asia Pacific Military Exoskeletons Industry over the Forecast Period 109
Research Methodology:
Asia Pacific Military Exoskeletons Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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