North America Military Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Power (Active/Powered, Passive)

North America military exoskeletons market is projected to grow by 26.2% annually in the forecast period and reach $ 801.5 million by 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 28 tables and 64 figures, this 123-page report “North America 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 North America 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 North America 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 North America military exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Power, Structure, and Country. 

 

Based on Offering, the North America 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 North America 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 North America 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 North America 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:

• U.S.

• Canada

• Mexico 

For each key country, detailed analysis and data for annual revenue ($ mn) 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 8

1.1 Industry Definition and Research Scope 8

1.1.1 Industry Definition 8

1.1.2 Research Scope 10

1.2 Research Methodology 13

1.2.1 Overview of Market Research Methodology 13

1.2.2 Market Assumption 14

1.2.3 Secondary Data 14

1.2.4 Primary Data 14

1.2.5 Data Filtration and Model Design 15

1.2.6 Market Size/Share Estimation 16

1.2.7 Research Limitations 17

1.3 Executive Summary 18

2 Market Overview and Dynamics 21

2.1 Market Size and Forecast 21

2.1.1 Impact of COVID-19 on World Economy 24

2.1.2 Impact of COVID-19 on the Market 27

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 29

2.2 Major Growth Drivers 33

2.3 Market Restraints and Challenges 40

2.4 Emerging Opportunities and Market Trends 43

2.5 Porter’s Fiver Forces Analysis 47

3 Segmentation of North America Market by Offering 51

3.1 Market Overview by Offering 51

3.2 Hardware 53

3.2.1 Sensors 54

3.2.2 Actuators 55

3.2.3 Power Sources 56

3.2.4 Controllers 57

3.2.5 Other Hardware 58

3.3 Software 59

3.4 Services 60

4 Segmentation of North America Market by Function 61

4.1 Market Overview by Function 61

4.2 Upper Body Exoskeletons 65

4.3 Lower Body Exoskeletons 67

4.4 Full Body Exoskeletons 69

5 Segmentation of North America Market by Power 71

5.1 Market Overview by Power 71

5.2 Active/Powered Exoskeletons 75

5.2.1 Electric Actuator 77

5.2.2 Pneumatic Actuator 78

5.2.3 Hydraulic Actuator 79

5.2.4 Fuel Cell Actuator 80

5.2.5 Other Types 81

5.3 Passive Exoskeletons 82

6 Segmentation of North America Market by Structure 84

6.1 Market Overview by Structure 84

6.2 Rigid Exoskeletons 88

6.3 Soft Exoskeletons 90

7 North America Market 2022-2032 by Country 92

7.1 Overview of North America Market 92

7.2 U.S. 97

7.3 Canada 100

7.4 Mexico 102

8 Competitive Landscape 104

8.1 Overview of Key Vendors 104

8.2 New Product Launch, Partnership, Investment, and M&A 107

8.3 Company Profiles 108

Aselsan AS 108

BAE Systems PLC 110

Bionic Power Inc. 111

Dephy Inc. 112

Lockheed Martin Corporation 113

Mawashi Science & Technology 114

Northrop Grumman Corporation 115

Raytheon Technologies Corporation 116

Revision Inc. 117

Rostec Corp. 118

Safran S.A. 119

Sarcos Corporation 120

SRI International Inc. 121

US Bionics Inc. (Suitx) 122

RELATED REPORTS 123

 

List of Tables:

 

Table 1.  Snapshot of North America Military Exoskeletons Market in Balanced Perspective, 2022-2032 19

Table 2. World Economic Outlook, 2021-2031 25

Table 3. World Economic Outlook, 2021-2023 26

Table 4. Scenarios for Economic Impact of Ukraine Crisis 30

Table 5.  Main Product Trends and Market Opportunities in North America Military Exoskeletons Market 43

Table 6. North America Military Exoskeletons Market by Offering, 2022-2032, $ mn 51

Table 7. North America Military Exoskeletons Market: Hardware by Type, 2022-2032, $ mn 53

Table 8. North America Military Exoskeletons Market by Function, 2022-2032, $ mn 61

Table 9. North America Military Exoskeletons Market by Function, 2022-2032, units 63

Table 10. North America Military Exoskeletons Market by Power, 2022-2032, $ mn 71

Table 11. North America Military Exoskeletons Market by Power, 2022-2032, units 73

Table 12. North America Military Exoskeletons Market: Active/Powered Exoskeletons by Type, 2022-2032, $ mn 76

Table 13. North America Military Exoskeletons Market by Structure, 2022-2032, $ mn 84

Table 14. North America Military Exoskeletons Market by Structure, 2022-2032, units 86

Table 15. North America Military Exoskeletons Market by Country, 2022-2032, $ mn 93

Table 16. North America Military Exoskeletons Market by Country, 2022-2032, units 95

Table 17. U.S. Military Exoskeletons Market by Function, 2022-2032, $ mn 99

Table 18. U.S. Military Exoskeletons Market by Power, 2022-2032, $ mn 99

Table 19. U.S. Military Exoskeletons Market by Structure, 2022-2032, $ mn 99

Table 20. Canada Military Exoskeletons Market by Function, 2022-2032, $ mn 101

Table 21. Canada Military Exoskeletons Market by Power, 2022-2032, $ mn 101

Table 22. Canada Military Exoskeletons Market by Structure, 2022-2032, $ mn 101

Table 23. Mexico Military Exoskeletons Market by Function, 2022-2032, $ mn 103

Table 24. Mexico Military Exoskeletons Market by Power, 2022-2032, $ mn 103

Table 25. Mexico Military Exoskeletons Market by Structure, 2022-2032, $ mn 103

Table 26. Aselsan AS: Company Snapshot 108

Table 27. Aselsan AS: Business Segmentation 109

Table 28. Aselsan AS: Product Portfolio 109

 

 

 

 

 

List of Figures:

 

Figure 1.  Exemplary Pictures of Military Exoskeletons 9

Figure 2. Research Method Flow Chart 13

Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 16

Figure 4. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 18

Figure 5. Industry Value Chain Analysis 21

Figure 6. North America Military Exoskeletons Market by Revenue, 2022-2032, $ mn 22

Figure 7. North America Military Exoskeletons Market by Shipment, 2022-2032, units 23

Figure 8. North America ASP of Military Exoskeletons, 2022-2032, thousand USD/unit 23

Figure 9. Impact of COVID-19 on Business 27

Figure 10. Primary Drivers and Impact Factors of North America Military Exoskeletons Market 33

Figure 11. World Military Expenditure by Region, 1988–2022, $ billion 37

Figure 12.  The Share of World Military Expenditure of the 15 Countries with the Highest Spending in 2022 39

Figure 13. Primary Restraints and Impact Factors of North America Military Exoskeletons Market 40

Figure 14. Investment Opportunity Analysis 44

Figure 15. Porter’s Fiver Forces Analysis of North America Military Exoskeletons Market 47

Figure 16. Breakdown of North America Military Exoskeletons Market by Offering, 2022-2032, % of Revenue 52

Figure 17. North America Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 52

Figure 18. North America Military Exoskeletons Market by Offering: Hardware, 2022-2032, $ mn 53

Figure 19. North America Military Exoskeletons Market by Hardware: Sensors, 2022-2032, $ mn 54

Figure 20. North America Military Exoskeletons Market by Hardware: Actuators, 2022-2032, $ mn 55

Figure 21. North America Military Exoskeletons Market by Hardware: Power Sources, 2022-2032, $ mn 56

Figure 22. North America Military Exoskeletons Market by Hardware: Controllers, 2022-2032, $ mn 57

Figure 23. North America Military Exoskeletons Market by Hardware: Other Hardware, 2022-2032, $ mn 58

Figure 24. North America Military Exoskeletons Market by Offering: Software, 2022-2032, $ mn 59

Figure 25. North America Military Exoskeletons Market by Offering: Services, 2022-2032, $ mn 60

Figure 26. Breakdown of North America Military Exoskeletons Market by Function, 2022-2032, % of Sales Revenue 62

Figure 27. North America Addressable Market Cap in 2023-2032 by Function, Value ($ mn) and Share (%) 62

Figure 28. Breakdown of North America Military Exoskeletons Market by Function, 2022-2032, % of Shipment 64

Figure 29. North America Addressable Market Cap in 2023-2032 by Function, Shipment (units) and Share (%) 64

Figure 30. North America Military Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, $ mn 65

Figure 31. North America Military Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, units 66

Figure 32. North America Military Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, $ mn 67

Figure 33. North America Military Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, units 68

Figure 34. North America Military Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, $ mn 69

Figure 35. North America Military Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, units 70

Figure 36. Breakdown of North America Military Exoskeletons Market by Power, 2022-2032, % of Revenue 71

Figure 37. North America Addressable Market Cap in 2023-2032 by Power, Value ($ mn) and Share (%) 72

Figure 38. Breakdown of North America Military Exoskeletons Market by Power, 2022-2032, % of Shipment 73

Figure 39. North America Addressable Market Cap in 2023-2032 by Power, Shipment (units) and Share (%) 74

Figure 40. North America Military Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, $ mn 75

Figure 41. North America Military Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, units 76

Figure 42. North America Military Exoskeletons Market by Active/Powered Exoskeletons: Electric Actuator, 2022-2032, $ mn 77

Figure 43. North America Military Exoskeletons Market by Active/Powered Exoskeletons: Pneumatic Actuator, 2022-2032, $ mn 78

Figure 44. North America Military Exoskeletons Market by Active/Powered Exoskeletons: Hydraulic Actuator, 2022-2032, $ mn 79

Figure 45. North America Military Exoskeletons Market by Active/Powered Exoskeletons: Fuel Cell Actuator, 2022-2032, $ mn 80

Figure 46. North America Military Exoskeletons Market by Active/Powered Exoskeletons: Other Types, 2022-2032, $ mn 81

Figure 47. North America Military Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, $ mn 82

Figure 48. North America Military Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, units 83

Figure 49. Breakdown of North America Military Exoskeletons Market by Structure, 2022-2032, % of Revenue 84

Figure 50. North America Addressable Market Cap in 2023-2032 by Structure, Value ($ mn) and Share (%) 85

Figure 51. Breakdown of North America Military Exoskeletons Market by Structure, 2022-2032, % of Shipment 86

Figure 52. North America Addressable Market Cap in 2023-2032 by Structure, Shipment (units) and Share (%) 87

Figure 53. North America Military Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, $ mn 88

Figure 54. North America Military Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, units 89

Figure 55. North America Military Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, $ mn 90

Figure 56. North America Military Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, units 91

Figure 57. Breakdown of North America Military Exoskeletons Market by Country, 2022 and 2032, % of Revenue 93

Figure 58. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 94

Figure 59. Breakdown of North America Military Exoskeletons Market by Country, 2022 and 2032, % of Shipment 95

Figure 60. Contribution to North America 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 96

Figure 61. U.S. Military Exoskeletons Market, 2022-2032, $ mn 98

Figure 62. Canada Military Exoskeletons Market, 2022-2032, $ mn 100

Figure 63.  Military Exoskeletons Market in Mexico, 2022-2032, $ mn 102

Figure 64. Growth Stage of North America Military Exoskeletons Industry over the Forecast Period 104