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
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 115List 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
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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