How big is the Military Exoskeleton Market?

The Military Exoskeleton Market size is expected to reach USD 166.97 million in 2024 and grow at a CAGR of 13.58% to reach USD 315.62 million by 2029. Read More

What is the current Military Exoskeleton Market size?

In 2024, the Military Exoskeleton Market size is expected to reach USD 166.97 million. Read More

Who are the key players in Military Exoskeleton Market?

Lockheed Martin Corporation, SRI International, Sarcos Technology and Robotics Corporation, Dephy Inc. and ASELSAN A.S. are the major companies operating in the Military Exoskeleton Market. Read More

Which is the fastest growing region in Military Exoskeleton Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Military Exoskeleton Market?

In 2024, the Europe accounts for the largest market share in Military Exoskeleton Market. Read More

What years does this Military Exoskeleton Market cover, and what was the market size in 2023?

In 2023, the Military Exoskeleton Market size was estimated at USD 144.30 million. The report covers the Military Exoskeleton Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Military Exoskeleton Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Military Exoskeleton Market - Revenue, Size & Industry Analysis

Military Exoskeleton Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Military Exoskeleton Market is Segmented by Type (Full-Body Exoskeleton and Partial-Body Exoskeleton), Power (Active Exoskeleton and Passive Exoskeleton), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Military Exoskeleton Industry Overview

The military exoskeleton market is fragmented, with many global and regional players (OEMs, Tier 1 suppliers, and R&D centers) providing full-body and partial-body exoskeletons to the armed forces and government agencies. Some of the prominent players in the market are Lockheed Martin Corporation, SRI International, Sarcos Technology and Robotics Corporation, Robotics Corporation, ASELSAN AS, and Dephy Inc. To enhance their sales and geographical presence, the companies are partnering with regional defense manufacturers and governments.

For instance, in February 2021, Sarcos Robotics and the Paramount Group signed a memorandum of understanding (MoU) to expand Sarcos' sales of defense exoskeleton technology to government and industrial customers in the Middle East and Africa. The companies are also investing robustly in new-generation, lightweight exoskeletons integrated with advanced sensors to enhance the overall situational awareness of dismounted soldiers. Such investments are expected to help the companies enhance their footprints in the market in the coming years.