Global Military Exoskeletons Market

Global 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 Region: Trend Forecast and Growth Opportunity

Global Military Exoskeletons Market

Global 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 Region: Trend Forecast and Growth Opportunity


The Global Military Exoskeletons Market investigation report contains Types, Application & all logical and factual briefs about market Overview, CAGR, Production Volume, Sales, Revenue with the regional analysis covers North America, Europe, Asia-Pacific, South America, Middle East & Africa & The top Players like {playerNamesStr}

Exclusive deal : 20% Instant discount on Direct purchases! Don't wait—claim your discount today!

Global military exoskeletons market will reach $2.06 billion by 2032, growing by 27.5% annually over 2022-2032, 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 92 tables and 115 figures, this 198-page report “Global 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 Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global 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 global 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 global military exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Power, Structure, and Region.

Based on Offering, the global 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 global 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 global 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 global 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 regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)

• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)

• South America (Brazil, Chile, Argentina, Rest of South America)

• MEA (Israel, Saudi Arabia, South Africa, and Rest of MEA)

For each region and country, detailed analysis and data of annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market 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 11

1.1 Industry Definition and Research Scope 11

1.1.1 Industry Definition 11

1.1.2 Research Scope 13

1.2 Research Methodology 16

1.2.1 Overview of Market Research Methodology 16

1.2.2 Market Assumption 17

1.2.3 Secondary Data 17

1.2.4 Primary Data 17

1.2.5 Data Filtration and Model Design 18

1.2.6 Market Size/Share Estimation 19

1.2.7 Research Limitations 20

1.3 Executive Summary 21

2 Market Overview and Dynamics 24

2.1 Market Size and Forecast 24

2.1.1 Impact of COVID-19 on World Economy 27

2.1.2 Impact of COVID-19 on the Market 30

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 32

2.2 Major Growth Drivers 36

2.3 Market Restraints and Challenges 43

2.4 Emerging Opportunities and Market Trends 46

2.5 Porter’s Fiver Forces Analysis 50

3 Segmentation of Global Market by Offering 54

3.1 Market Overview by Offering 54

3.2 Hardware 56

3.2.1 Sensors 57

3.2.2 Actuators 58

3.2.3 Power Sources 59

3.2.4 Controllers 60

3.2.5 Other Hardware 61

3.3 Software 62

3.4 Services 63

4 Segmentation of Global Market by Function 64

4.1 Market Overview by Function 64

4.2 Upper Body Exoskeletons 68

4.3 Lower Body Exoskeletons 70

4.4 Full Body Exoskeletons 72

5 Segmentation of Global Market by Power 74

5.1 Market Overview by Power 74

5.2 Active/Powered Exoskeletons 78

5.2.1 Electric Actuator 80

5.2.2 Pneumatic Actuator 81

5.2.3 Hydraulic Actuator 82

5.2.4 Fuel Cell Actuator 83

5.2.5 Other Types 84

5.3 Passive Exoskeletons 85

6 Segmentation of Global Market by Structure 87

6.1 Market Overview by Structure 87

6.2 Rigid Exoskeletons 91

6.3 Soft Exoskeletons 93

7 Segmentation of Global Market by Region 95

7.1 Geographic Market Overview 2022-2032 95

7.2 North America Market 2022-2032 by Country 101

7.2.1 Overview of North America Market 101

7.2.2 U.S. 107

7.2.3 Canada 110

7.2.4 Mexico 112

7.3 European Market 2022-2032 by Country 114

7.3.1 Overview of European Market 114

7.3.2 Germany 120

7.3.3 U.K. 122

7.3.4 France 124

7.3.5 Spain 126

7.3.6 Italy 128

7.3.7 Russia 130

7.3.8 Rest of European Market 132

7.4 Asia-Pacific Market 2022-2032 by Country/Region 134

7.4.1 Overview of Asia-Pacific Market 134

7.4.2 Japan 140

7.4.3 China 143

7.4.4 Australia 145

7.4.5 India 147

7.4.6 South Korea 149

7.4.7 Rest of APAC Region 151

7.5 South America Market 2022-2032 by Country 153

7.5.1 Argentina 159

7.5.2 Brazil 161

7.5.3 Chile 163

7.5.4 Rest of South America Market 165

7.6 MEA Market 2022-2032 by Country 166

7.6.1 Israel 172

7.6.2 Saudi Arabia 174

7.6.3 South Africa 176

7.6.4 Other National Markets 178

8 Competitive Landscape 179

8.1 Overview of Key Vendors 179

8.2 New Product Launch, Partnership, Investment, and M&A 182

8.3 Company Profiles 183

Aselsan AS 183

BAE Systems PLC 185

Bionic Power Inc. 186

Dephy Inc. 187

Lockheed Martin Corporation 188

Mawashi Science & Technology 189

Northrop Grumman Corporation 190

Raytheon Technologies Corporation 191

Revision Inc. 192

Rostec Corp. 193

Safran S.A. 194

Sarcos Corporation 195

SRI International Inc. 196

US Bionics Inc. (Suitx) 197

RELATED REPORTS 198

Tables & Figures:
Show more
Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
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.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

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

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Military Exoskeletons Market shifting its focus from growth to value?
Recognize the areas along the Military Exoskeletons Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What is the current state of the Military Exoskeletons Industry, and what is the projected growth trajectory through 2030?
In 2024, the Military Exoskeletons Market share surpassed USD xx million, and between 2025 and 2030, it will grow at a CAGR of yy%.
What is Military Exoskeletons Market Concentration Rate?
In addition to the Military Exoskeletons Market share analysis by competitors, the report also includes chapters on the HHI Index, CR4, and CR8 to characterize the concentration rate and competitive character of the Military Exoskeletons Market.
How is the Military Exoskeletons Market's changing dynamics captured?
The Military Exoskeletons analysis provides high-level qualitative commentary on market dynamics, including information on growth drivers, influential trends, challenges, and opportunities.