Market Trends of Military Exoskeleton Industry
The Active Exoskeleton Segment is Expected to Witness the Highest Growth During the Forecast Period
- The active exoskeleton segment is projected to show remarkable growth during the forecast period. An active or powered exoskeleton is an electromechanical robotic device composed of electric motors, batteries, body structure, actuators, hydraulics, and joints, among others. Active robotic exoskeletons are utilized for improving efficiency by providing rehabilitation of stroke or spinal cord injury, improved strength, and endurance, thereby increasing the productivity of military people in high-risk areas.
- Currently, active robotic exoskeletons have limitations such as the inefficient source of power supply, the high cost of designing the skeleton (body structure), the inefficiency of actuators, and lesser flexibility. Active robotic exoskeletons do not support much special movement, making it difficult to exactly match the body part motions.
- Also, most actuators utilized in powered robotic exoskeletons are standard hydraulic cylinders, which are precise and powerful but very heavy and expensive. Thus, there is a need for a lightweight and flexible actuator design. Many prominent players in the market have been involved in the launches and developments of new active or powered exoskeletons.
- For instance, Bionik Laboratories Corporation, Hocoma AG, Myomo Inc, and ATOUN Inc. launched and enhanced their products in the active wearable exoskeleton market in the recent past. Such robust investments in the development of active exoskeletons are anticipated to accelerate the growth of this segment during the forecast period.
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North America is Anticipated to Register the Highest CAGR During the Forecast Period
- The North American region is anticipated to witness the highest growth in the military exoskeleton market due to the high purchasing capacity of the United States and the presence of many manufacturers in the country.
- The country is investing huge amounts in the research, development, and testing of exoskeletons. As of mid-2021, the US Army was testing out a pair of powered exoskeleton boots called the Dephy ExoBoot, which could soon allow soldiers to easily carry heavily loaded rucksacks over long distances.
- Similarly, Lockheed Martin's ONYX, a powered lower-body exoskeleton, has demonstrated its ability to increase mobility and reduce the fatigue of military personnel in the trials conducted by the US military. These exoskeletons are also expected to be inducted in large quantities during the forecast period.
- On the other hand, Canada has been heavily investing in its soldier modernization program, the Integrated Soldier System Project (ISSP). The project's focus has been to provide its soldiers with the best equipment and wearables for all kinds of warfare. Canadian soldiers used the Trojan Ballistics Suit of Armour, which is believed to be the first ballistics exoskeleton body suit of armor. Such investments in the modernization of military equipment for dismounted soldiers are expected to drive the growth of the market in the coming years.
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