Global Military Exoskeleton Market to Grow at a CAGR of Over 65% Through 2021, Reports Technavio

Technavio has published a new report on the global military exoskeleton market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio market research analysts forecast the global military exoskeleton market to grow at a CAGR of close to 65% during the forecast period, according to their latest report.

The market study covers the present scenario and growth prospects of the global military exoskeleton market for 2017-2021. The report also lists full-body military exoskeleton and partial-body military exoskeleton as the two segments based on type, of which partial-body exoskeleton accounted for more than 53% of the market share in 2016.

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Technavio aerospace and defense analysts highlight the following three market drivers that are contributing to the growth of the global military exoskeleton market:

  • Need for integrated soldier suits
  • Focus on enhancing soldier combat capabilities
  • Reduction in soldier injuries

Need for integrated soldier suits

With the evolving warfare mechanisms, most of the countries across the globe have developed or are developing exoskeleton suits or body armor for their armed forces. Although there have been innovations and developments attached with these military wearables, their basic functionality includes the provision of added strength, efficiency, and combat capabilities to the armed troops. The modern-day soldiers are equipped with radios, night vision equipment, GPS, and computers in their uniforms that provide real-time positioning data, which assist the troops with satellite imagery of the battlefield. Thus, there is a growing demand for integrated smart weapons and lightweight full body armors.

“The introduction of such wearables can enhance the soldiers' performance manifold and reduce the scope of injuries or exhaustion. Owing to this, the US DoD, UK MoD, DGA, as well as the defense authorities of other countries, extensively invest in wearable systems for their warfighters in the modern network-centric battlefield,” says Moutushi Saha, a lead analyst at Technavio for defense research.

Focus on enhancing soldier combat capabilities

With the global increase in peacekeeping and anti-extremist missions, there has been a simultaneous surge in the development of advanced military wearables and exoskeleton systems. These military exoskeletons are equipped with communication systems, computers, helmets, lethal assault rifles, modular gear, navigation gadgets, and upgraded weapon sights, which transform the common soldiers into high-tech warriors. They provide the soldiers with higher adaptability and maneuverability, which makes them more efficient.

Apart from increasing the strengths and endurance limits of the soldiers, these systems also help in improving their load-lifting capabilities, which is crucial in military operations. These systems also employ the use of commercial off-the-shelf technologies such as activity trackers, health monitors, smart glasses, and smart watches.

Reduction in soldier injuries

The armed troops are required to carry loads as part of the military operations. These loads are equivalent to 60% of the soldier’s body weight, which increases the risks of injury. However, with the development of advanced military wearables and exoskeleton systems that are integrated with weapons, communication, navigation, and health monitoring systems, body armor, and computers, the defense authorities have been able to reduce the soldier injuries considerably.

“For instance, wearables such as the Apple Watch, help in conducting tests to monitor the brain, heart, and the activity muscles of the soldiers during training exercises, missions, or combat,” says Moutushi.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio market research analysts forecast the global military exoskeleton market to grow at a CAGR of close to 65% during the forecast period, according to their latest report.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com