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

Europe military exoskeletons market was valued at $40.4 million in 2022 and will grow by 27.3% 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 38 tables and 68 figures, this 129-page report “Europe 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 Europe 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 Europe 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 Europe military exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Power, Structure, and Country. 

 

Based on Offering, the Europe 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 Europe 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 Europe 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 Europe 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:

• Germany

• UK

• France

• Spain

• Italy

• Russia

• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) 

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 7

1.1 Industry Definition and Research Scope 7

1.1.1 Industry Definition 7

1.1.2 Research Scope 9

1.2 Research Methodology 12

1.2.1 Overview of Market Research Methodology 12

1.2.2 Market Assumption 13

1.2.3 Secondary Data 13

1.2.4 Primary Data 13

1.2.5 Data Filtration and Model Design 14

1.2.6 Market Size/Share Estimation 15

1.2.7 Research Limitations 16

1.3 Executive Summary 17

2 Market Overview and Dynamics 20

2.1 Market Size and Forecast 20

2.1.1 Impact of COVID-19 on World Economy 23

2.1.2 Impact of COVID-19 on the Market 26

2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 28

2.2 Major Growth Drivers 32

2.3 Market Restraints and Challenges 39

2.4 Emerging Opportunities and Market Trends 42

2.5 Porter’s Fiver Forces Analysis 46

3 Segmentation of Europe Market by Offering 50

3.1 Market Overview by Offering 50

3.2 Hardware 52

3.2.1 Sensors 53

3.2.2 Actuators 54

3.2.3 Power Sources 55

3.2.4 Controllers 56

3.2.5 Other Hardware 57

3.3 Software 58

3.4 Services 59

4 Segmentation of Europe Market by Function 60

4.1 Market Overview by Function 60

4.2 Upper Body Exoskeletons 64

4.3 Lower Body Exoskeletons 66

4.4 Full Body Exoskeletons 68

5 Segmentation of Europe Market by Power 70

5.1 Market Overview by Power 70

5.2 Active/Powered Exoskeletons 74

5.2.1 Electric Actuator 76

5.2.2 Pneumatic Actuator 77

5.2.3 Hydraulic Actuator 78

5.2.4 Fuel Cell Actuator 79

5.2.5 Other Types 80

5.3 Passive Exoskeletons 81

6 Segmentation of Europe Market by Structure 83

6.1 Market Overview by Structure 83

6.2 Rigid Exoskeletons 87

6.3 Soft Exoskeletons 89

7 European Market 2022-2032 by Country 91

7.1 Overview of European Market 91

7.2 Germany 96

7.3 U.K. 98

7.4 France 100

7.5 Spain 102

7.6 Italy 104

7.7 Russia 106

7.8 Rest of European Market 108

8 Competitive Landscape 110

8.1 Overview of Key Vendors 110

8.2 New Product Launch, Partnership, Investment, and M&A 113

8.3 Company Profiles 114

Aselsan AS 114

BAE Systems PLC 116

Bionic Power Inc. 117

Dephy Inc. 118

Lockheed Martin Corporation 119

Mawashi Science & Technology 120

Northrop Grumman Corporation 121

Raytheon Technologies Corporation 122

Revision Inc. 123

Rostec Corp. 124

Safran S.A. 125

Sarcos Corporation 126

SRI International Inc. 127

US Bionics Inc. (Suitx) 128

RELATED REPORTS 129

 

List of Tables:

 

Table 1.  Snapshot of Europe Military Exoskeletons Market in Balanced Perspective, 2022-2032 18

Table 2. World Economic Outlook, 2021-2031 24

Table 3. World Economic Outlook, 2021-2023 25

Table 4. Scenarios for Economic Impact of Ukraine Crisis 29

Table 5.  Main Product Trends and Market Opportunities in Europe Military Exoskeletons Market 42

Table 6. Europe Military Exoskeletons Market by Offering, 2022-2032, $ mn 50

Table 7. Europe Military Exoskeletons Market: Hardware by Type, 2022-2032, $ mn 52

Table 8. Europe Military Exoskeletons Market by Function, 2022-2032, $ mn 60

Table 9. Europe Military Exoskeletons Market by Function, 2022-2032, units 62

Table 10. Europe Military Exoskeletons Market by Power, 2022-2032, $ mn 70

Table 11. Europe Military Exoskeletons Market by Power, 2022-2032, units 72

Table 12. Europe Military Exoskeletons Market: Active/Powered Exoskeletons by Type, 2022-2032, $ mn 75

Table 13. Europe Military Exoskeletons Market by Structure, 2022-2032, $ mn 83

Table 14. Europe Military Exoskeletons Market by Structure, 2022-2032, units 85

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

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

Table 17. Germany Military Exoskeletons Market by Function, 2022-2032, $ mn 97

Table 18. Germany Military Exoskeletons Market by Power, 2022-2032, $ mn 97

Table 19. Germany Military Exoskeletons Market by Structure, 2022-2032, $ mn 97

Table 20. U.K. Military Exoskeletons Market by Function, 2022-2032, $ mn 99

Table 21. U.K. Military Exoskeletons Market by Power, 2022-2032, $ mn 99

Table 22. U.K. Military Exoskeletons Market by Structure, 2022-2032, $ mn 99

Table 23. France Military Exoskeletons Market by Function, 2022-2032, $ mn 101

Table 24. France Military Exoskeletons Market by Power, 2022-2032, $ mn 101

Table 25. France Military Exoskeletons Market by Structure, 2022-2032, $ mn 101

Table 26. Spain Military Exoskeletons Market by Function, 2022-2032, $ mn 103

Table 27. Spain Military Exoskeletons Market by Power, 2022-2032, $ mn 103

Table 28. Spain Military Exoskeletons Market by Structure, 2022-2032, $ mn 103

Table 29. Italy Military Exoskeletons Market by Function, 2022-2032, $ mn 105

Table 30. Italy Military Exoskeletons Market by Power, 2022-2032, $ mn 105

Table 31. Italy Military Exoskeletons Market by Structure, 2022-2032, $ mn 105

Table 32. Russia Military Exoskeletons Market by Function, 2022-2032, $ mn 107

Table 33. Russia Military Exoskeletons Market by Power, 2022-2032, $ mn 107

Table 34. Russia Military Exoskeletons Market by Structure, 2022-2032, $ mn 107

Table 35. Military Exoskeletons Market in Rest of Europe by Country, 2022-2032, $ mn 109

Table 36. Aselsan AS: Company Snapshot 114

Table 37. Aselsan AS: Business Segmentation 115

Table 38. Aselsan AS: Product Portfolio 115

 

 

 

 

 

List of Figures:

 

Figure 1.  Exemplary Pictures of Military Exoskeletons 8

Figure 2. Research Method Flow Chart 12

Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 15

Figure 4. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17

Figure 5. Industry Value Chain Analysis 20

Figure 6. Europe Military Exoskeletons Market by Revenue, 2022-2032, $ mn 21

Figure 7. Europe Military Exoskeletons Market by Shipment, 2022-2032, units 22

Figure 8. Europe ASP of Military Exoskeletons, 2022-2032, thousand USD/unit 22

Figure 9. Impact of COVID-19 on Business 26

Figure 10. Primary Drivers and Impact Factors of Europe Military Exoskeletons Market 32

Figure 11. World Military Expenditure by Region, 1988–2022, $ billion 36

Figure 12.  The Share of World Military Expenditure of the 15 Countries with the Highest Spending in 2022 38

Figure 13. Primary Restraints and Impact Factors of Europe Military Exoskeletons Market 39

Figure 14. Investment Opportunity Analysis 43

Figure 15. Porter’s Fiver Forces Analysis of Europe Military Exoskeletons Market 46

Figure 16. Breakdown of Europe Military Exoskeletons Market by Offering, 2022-2032, % of Revenue 51

Figure 17. Europe Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 51

Figure 18. Europe Military Exoskeletons Market by Offering: Hardware, 2022-2032, $ mn 52

Figure 19. Europe Military Exoskeletons Market by Hardware: Sensors, 2022-2032, $ mn 53

Figure 20. Europe Military Exoskeletons Market by Hardware: Actuators, 2022-2032, $ mn 54

Figure 21. Europe Military Exoskeletons Market by Hardware: Power Sources, 2022-2032, $ mn 55

Figure 22. Europe Military Exoskeletons Market by Hardware: Controllers, 2022-2032, $ mn 56

Figure 23. Europe Military Exoskeletons Market by Hardware: Other Hardware, 2022-2032, $ mn 57

Figure 24. Europe Military Exoskeletons Market by Offering: Software, 2022-2032, $ mn 58

Figure 25. Europe Military Exoskeletons Market by Offering: Services, 2022-2032, $ mn 59

Figure 26. Breakdown of Europe Military Exoskeletons Market by Function, 2022-2032, % of Sales Revenue 61

Figure 27. Europe Addressable Market Cap in 2023-2032 by Function, Value ($ mn) and Share (%) 61

Figure 28. Breakdown of Europe Military Exoskeletons Market by Function, 2022-2032, % of Shipment 63

Figure 29. Europe Addressable Market Cap in 2023-2032 by Function, Shipment (units) and Share (%) 63

Figure 30. Europe Military Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, $ mn 64

Figure 31. Europe Military Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, units 65

Figure 32. Europe Military Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, $ mn 66

Figure 33. Europe Military Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, units 67

Figure 34. Europe Military Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, $ mn 68

Figure 35. Europe Military Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, units 69

Figure 36. Breakdown of Europe Military Exoskeletons Market by Power, 2022-2032, % of Revenue 70

Figure 37. Europe Addressable Market Cap in 2023-2032 by Power, Value ($ mn) and Share (%) 71

Figure 38. Breakdown of Europe Military Exoskeletons Market by Power, 2022-2032, % of Shipment 72

Figure 39. Europe Addressable Market Cap in 2023-2032 by Power, Shipment (units) and Share (%) 73

Figure 40. Europe Military Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, $ mn 74

Figure 41. Europe Military Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, units 75

Figure 42. Europe Military Exoskeletons Market by Active/Powered Exoskeletons: Electric Actuator, 2022-2032, $ mn 76

Figure 43. Europe Military Exoskeletons Market by Active/Powered Exoskeletons: Pneumatic Actuator, 2022-2032, $ mn 77

Figure 44. Europe Military Exoskeletons Market by Active/Powered Exoskeletons: Hydraulic Actuator, 2022-2032, $ mn 78

Figure 45. Europe Military Exoskeletons Market by Active/Powered Exoskeletons: Fuel Cell Actuator, 2022-2032, $ mn 79

Figure 46. Europe Military Exoskeletons Market by Active/Powered Exoskeletons: Other Types, 2022-2032, $ mn 80

Figure 47. Europe Military Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, $ mn 81

Figure 48. Europe Military Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, units 82

Figure 49. Breakdown of Europe Military Exoskeletons Market by Structure, 2022-2032, % of Revenue 83

Figure 50. Europe Addressable Market Cap in 2023-2032 by Structure, Value ($ mn) and Share (%) 84

Figure 51. Breakdown of Europe Military Exoskeletons Market by Structure, 2022-2032, % of Shipment 85

Figure 52. Europe Addressable Market Cap in 2023-2032 by Structure, Shipment (units) and Share (%) 86

Figure 53. Europe Military Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, $ mn 87

Figure 54. Europe Military Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, units 88

Figure 55. Europe Military Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, $ mn 89

Figure 56. Europe Military Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, units 90

Figure 57. Breakdown of European Military Exoskeletons Market by Country, 2022 and 2032, % of Revenue 92

Figure 58. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 93

Figure 59. Breakdown of European Military Exoskeletons Market by Country, 2022 and 2032, % of Shipment 94

Figure 60. Contribution to Europe 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 95

Figure 61.  Military Exoskeletons Market in Germany, 2022-2032, $ mn 96

Figure 62.  Military Exoskeletons Market in U.K., 2022-2032, $ mn 98

Figure 63.  Military Exoskeletons Market in France, 2022-2032, $ mn 100

Figure 64.  Military Exoskeletons Market in Spain, 2022-2032, $ mn 102

Figure 65.  Military Exoskeletons Market in Italy, 2022-2032, $ mn 104

Figure 66.  Military Exoskeletons Market in Russia, 2022-2032, $ mn 106

Figure 67.  Military Exoskeletons Market in Rest of Europe, 2022-2032, $ mn 108

Figure 68. Growth Stage of Europe Military Exoskeletons Industry over the Forecast Period 110