Global 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 Region: Trend Forecast and Growth Opportunity
Global military exoskeletons market will reach $2.06 billion by 2032, growing by 27.5% annually over 2022-2032, driven by the increasing warfare and regional conflicts, the technological advancements in exoskeleton industry, and an increasing focus on the safety and efficiency of dismounted soldiers.
Highlighted with 92 tables and 115 figures, this 198-page report “Global Military Exoskeletons Market 2022-2032 by Offering (Hardware, Software, Service), Function (Upper Body, Lower Body, Full Body), Power (Active/Powered, Passive), Structure (Rigid, Soft), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global military exoskeletons market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global military exoskeletons market in every aspect of the classification from perspectives of Offering, Function, Power, Structure, and Region.
Based on Offering, the global market is segmented into the following sub-markets with annual revenue ($ 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 global 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 global 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 global 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 regions together with the listed national/local markets are fully investigated:
• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Israel, Saudi Arabia, South Africa, and Rest of MEA)
For each region and country, detailed analysis and data of annual revenue ($ mn) are available for 2022-2032. The breakdown of all regional markets by country and the breakdown of each national market 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 11
1.1 Industry Definition and Research Scope 11
1.1.1 Industry Definition 11
1.1.2 Research Scope 13
1.2 Research Methodology 16
1.2.1 Overview of Market Research Methodology 16
1.2.2 Market Assumption 17
1.2.3 Secondary Data 17
1.2.4 Primary Data 17
1.2.5 Data Filtration and Model Design 18
1.2.6 Market Size/Share Estimation 19
1.2.7 Research Limitations 20
1.3 Executive Summary 21
2 Market Overview and Dynamics 24
2.1 Market Size and Forecast 24
2.1.1 Impact of COVID-19 on World Economy 27
2.1.2 Impact of COVID-19 on the Market 30
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 32
2.2 Major Growth Drivers 36
2.3 Market Restraints and Challenges 43
2.4 Emerging Opportunities and Market Trends 46
2.5 Porter’s Fiver Forces Analysis 50
3 Segmentation of Global Market by Offering 54
3.1 Market Overview by Offering 54
3.2 Hardware 56
3.2.1 Sensors 57
3.2.2 Actuators 58
3.2.3 Power Sources 59
3.2.4 Controllers 60
3.2.5 Other Hardware 61
3.3 Software 62
3.4 Services 63
4 Segmentation of Global Market by Function 64
4.1 Market Overview by Function 64
4.2 Upper Body Exoskeletons 68
4.3 Lower Body Exoskeletons 70
4.4 Full Body Exoskeletons 72
5 Segmentation of Global Market by Power 74
5.1 Market Overview by Power 74
5.2 Active/Powered Exoskeletons 78
5.2.1 Electric Actuator 80
5.2.2 Pneumatic Actuator 81
5.2.3 Hydraulic Actuator 82
5.2.4 Fuel Cell Actuator 83
5.2.5 Other Types 84
5.3 Passive Exoskeletons 85
6 Segmentation of Global Market by Structure 87
6.1 Market Overview by Structure 87
6.2 Rigid Exoskeletons 91
6.3 Soft Exoskeletons 93
7 Segmentation of Global Market by Region 95
7.1 Geographic Market Overview 2022-2032 95
7.2 North America Market 2022-2032 by Country 101
7.2.1 Overview of North America Market 101
7.2.2 U.S. 107
7.2.3 Canada 110
7.2.4 Mexico 112
7.3 European Market 2022-2032 by Country 114
7.3.1 Overview of European Market 114
7.3.2 Germany 120
7.3.3 U.K. 122
7.3.4 France 124
7.3.5 Spain 126
7.3.6 Italy 128
7.3.7 Russia 130
7.3.8 Rest of European Market 132
7.4 Asia-Pacific Market 2022-2032 by Country/Region 134
7.4.1 Overview of Asia-Pacific Market 134
7.4.2 Japan 140
7.4.3 China 143
7.4.4 Australia 145
7.4.5 India 147
7.4.6 South Korea 149
7.4.7 Rest of APAC Region 151
7.5 South America Market 2022-2032 by Country 153
7.5.1 Argentina 159
7.5.2 Brazil 161
7.5.3 Chile 163
7.5.4 Rest of South America Market 165
7.6 MEA Market 2022-2032 by Country 166
7.6.1 Israel 172
7.6.2 Saudi Arabia 174
7.6.3 South Africa 176
7.6.4 Other National Markets 178
8 Competitive Landscape 179
8.1 Overview of Key Vendors 179
8.2 New Product Launch, Partnership, Investment, and M&A 182
8.3 Company Profiles 183
Aselsan AS 183
BAE Systems PLC 185
Bionic Power Inc. 186
Dephy Inc. 187
Lockheed Martin Corporation 188
Mawashi Science & Technology 189
Northrop Grumman Corporation 190
Raytheon Technologies Corporation 191
Revision Inc. 192
Rostec Corp. 193
Safran S.A. 194
Sarcos Corporation 195
SRI International Inc. 196
US Bionics Inc. (Suitx) 197
RELATED REPORTS 198
List of Tables:
Table 1. Snapshot of Global Military Exoskeletons Market in Balanced Perspective, 2022-2032 22
Table 2. World Economic Outlook, 2021-2031 28
Table 3. World Economic Outlook, 2021-2023 29
Table 4. Scenarios for Economic Impact of Ukraine Crisis 33
Table 5. Main Product Trends and Market Opportunities in Global Military Exoskeletons Market 46
Table 6. Global Military Exoskeletons Market by Offering, 2022-2032, $ mn 54
Table 7. Global Military Exoskeletons Market: Hardware by Type, 2022-2032, $ mn 56
Table 8. Global Military Exoskeletons Market by Function, 2022-2032, $ mn 64
Table 9. Global Military Exoskeletons Market by Function, 2022-2032, units 66
Table 10. Global Military Exoskeletons Market by Power, 2022-2032, $ mn 74
Table 11. Global Military Exoskeletons Market by Power, 2022-2032, units 76
Table 12. Global Military Exoskeletons Market: Active/Powered Exoskeletons by Type, 2022-2032, $ mn 79
Table 13. Global Military Exoskeletons Market by Structure, 2022-2032, $ mn 87
Table 14. Global Military Exoskeletons Market by Structure, 2022-2032, units 89
Table 15. Global Military Exoskeletons Market by Region, 2022-2032, $ mn 96
Table 16. Global Military Exoskeletons Market by Region, 2022-2032, units 98
Table 17. Leading National Military Exoskeletons Market, 2022 and 2032, $ mn 100
Table 18. North America Military Exoskeletons Market by Country, 2022-2032, $ mn 103
Table 19. North America Military Exoskeletons Market by Country, 2022-2032, units 105
Table 20. U.S. Military Exoskeletons Market by Function, 2022-2032, $ mn 109
Table 21. U.S. Military Exoskeletons Market by Power, 2022-2032, $ mn 109
Table 22. U.S. Military Exoskeletons Market by Structure, 2022-2032, $ mn 109
Table 23. Canada Military Exoskeletons Market by Function, 2022-2032, $ mn 111
Table 24. Canada Military Exoskeletons Market by Power, 2022-2032, $ mn 111
Table 25. Canada Military Exoskeletons Market by Structure, 2022-2032, $ mn 111
Table 26. Mexico Military Exoskeletons Market by Function, 2022-2032, $ mn 113
Table 27. Mexico Military Exoskeletons Market by Power, 2022-2032, $ mn 113
Table 28. Mexico Military Exoskeletons Market by Structure, 2022-2032, $ mn 113
Table 29. Europe Military Exoskeletons Market by Country, 2022-2032, $ mn 117
Table 30. Europe Military Exoskeletons Market by Country, 2022-2032, units 119
Table 31. Germany Military Exoskeletons Market by Function, 2022-2032, $ mn 121
Table 32. Germany Military Exoskeletons Market by Power, 2022-2032, $ mn 121
Table 33. Germany Military Exoskeletons Market by Structure, 2022-2032, $ mn 121
Table 34. U.K. Military Exoskeletons Market by Function, 2022-2032, $ mn 123
Table 35. U.K. Military Exoskeletons Market by Power, 2022-2032, $ mn 123
Table 36. U.K. Military Exoskeletons Market by Structure, 2022-2032, $ mn 123
Table 37. France Military Exoskeletons Market by Function, 2022-2032, $ mn 125
Table 38. France Military Exoskeletons Market by Power, 2022-2032, $ mn 125
Table 39. France Military Exoskeletons Market by Structure, 2022-2032, $ mn 125
Table 40. Spain Military Exoskeletons Market by Function, 2022-2032, $ mn 127
Table 41. Spain Military Exoskeletons Market by Power, 2022-2032, $ mn 127
Table 42. Spain Military Exoskeletons Market by Structure, 2022-2032, $ mn 127
Table 43. Italy Military Exoskeletons Market by Function, 2022-2032, $ mn 129
Table 44. Italy Military Exoskeletons Market by Power, 2022-2032, $ mn 129
Table 45. Italy Military Exoskeletons Market by Structure, 2022-2032, $ mn 129
Table 46. Russia Military Exoskeletons Market by Function, 2022-2032, $ mn 131
Table 47. Russia Military Exoskeletons Market by Power, 2022-2032, $ mn 131
Table 48. Russia Military Exoskeletons Market by Structure, 2022-2032, $ mn 131
Table 49. Military Exoskeletons Market in Rest of Europe by Country, 2022-2032, $ mn 133
Table 50. APAC Military Exoskeletons Market by Country/Region, 2022-2032, $ mn 136
Table 51. APAC Military Exoskeletons Market by Country/Region, 2022-2032, units 138
Table 52. Japan Military Exoskeletons Market by Function, 2022-2032, $ mn 142
Table 53. Japan Military Exoskeletons Market by Power, 2022-2032, $ mn 142
Table 54. Japan Military Exoskeletons Market by Structure, 2022-2032, $ mn 142
Table 55. China Military Exoskeletons Market by Function, 2022-2032, $ mn 144
Table 56. China Military Exoskeletons Market by Power, 2022-2032, $ mn 144
Table 57. China Military Exoskeletons Market by Structure, 2022-2032, $ mn 144
Table 58. Australia Military Exoskeletons Market by Function, 2022-2032, $ mn 146
Table 59. Australia Military Exoskeletons Market by Power, 2022-2032, $ mn 146
Table 60. Australia Military Exoskeletons Market by Structure, 2022-2032, $ mn 146
Table 61. India Military Exoskeletons Market by Function, 2022-2032, $ mn 148
Table 62. India Military Exoskeletons Market by Power, 2022-2032, $ mn 148
Table 63. India Military Exoskeletons Market by Structure, 2022-2032, $ mn 148
Table 64. South Korea Military Exoskeletons Market by Function, 2022-2032, $ mn 150
Table 65. South Korea Military Exoskeletons Market by Power, 2022-2032, $ mn 150
Table 66. South Korea Military Exoskeletons Market by Structure, 2022-2032, $ mn 150
Table 67. Military Exoskeletons Market in Rest of APAC by Country/Region, 2022-2032, $ mn 152
Table 68. South America Military Exoskeletons Market by Country, 2022-2032, $ mn 156
Table 69. South America Military Exoskeletons Market by Country, 2022-2032, units 158
Table 70. Argentina Military Exoskeletons Market by Function, 2022-2032, $ mn 160
Table 71. Argentina Military Exoskeletons Market by Power, 2022-2032, $ mn 160
Table 72. Argentina Military Exoskeletons Market by Structure, 2022-2032, $ mn 160
Table 73. Brazil Military Exoskeletons Market by Function, 2022-2032, $ mn 162
Table 74. Brazil Military Exoskeletons Market by Power, 2022-2032, $ mn 162
Table 75. Brazil Military Exoskeletons Market by Structure, 2022-2032, $ mn 162
Table 76. Chile Military Exoskeletons Market by Function, 2022-2032, $ mn 164
Table 77. Chile Military Exoskeletons Market by Power, 2022-2032, $ mn 164
Table 78. Chile Military Exoskeletons Market by Structure, 2022-2032, $ mn 164
Table 79. MEA Military Exoskeletons Market by Country, 2022-2032, $ mn 168
Table 80. MEA Military Exoskeletons Market by Country, 2022-2032, units 170
Table 81. Israel Military Exoskeletons Market by Function, 2022-2032, $ mn 173
Table 82. Israel Military Exoskeletons Market by Power, 2022-2032, $ mn 173
Table 83. Israel Military Exoskeletons Market by Structure, 2022-2032, $ mn 173
Table 84. Saudi Arabia Military Exoskeletons Market by Function, 2022-2032, $ mn 175
Table 85. Saudi Arabia Military Exoskeletons Market by Power, 2022-2032, $ mn 175
Table 86. Saudi Arabia Military Exoskeletons Market by Structure, 2022-2032, $ mn 175
Table 87. South Africa Military Exoskeletons Market by Function, 2022-2032, $ mn 177
Table 88. South Africa Military Exoskeletons Market by Power, 2022-2032, $ mn 177
Table 89. South Africa Military Exoskeletons Market by Structure, 2022-2032, $ mn 177
Table 90. Aselsan AS: Company Snapshot 183
Table 91. Aselsan AS: Business Segmentation 184
Table 92. Aselsan AS: Product Portfolio 184List of Figures:
Figure 1. Exemplary Pictures of Military Exoskeletons 12
Figure 2. Research Method Flow Chart 16
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 19
Figure 4. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 21
Figure 5. Industry Value Chain Analysis 24
Figure 6. Global Military Exoskeletons Market by Revenue, 2022-2032, $ mn 25
Figure 7. Global Military Exoskeletons Market by Shipment, 2022-2032, units 26
Figure 8. Global ASP of Military Exoskeletons, 2022-2032, thousand USD/unit 26
Figure 9. Impact of COVID-19 on Business 30
Figure 10. Primary Drivers and Impact Factors of Global Military Exoskeletons Market 36
Figure 11. World Military Expenditure by Region, 1988–2022, $ billion 40
Figure 12. The Share of World Military Expenditure of the 15 Countries with the Highest Spending in 2022 42
Figure 13. Primary Restraints and Impact Factors of Global Military Exoskeletons Market 43
Figure 14. Investment Opportunity Analysis 47
Figure 15. Porter’s Fiver Forces Analysis of Global Military Exoskeletons Market 50
Figure 16. Breakdown of Global Military Exoskeletons Market by Offering, 2022-2032, % of Revenue 55
Figure 17. Global Addressable Market Cap in 2023-2032 by Offering, Value ($ mn) and Share (%) 55
Figure 18. Global Military Exoskeletons Market by Offering: Hardware, 2022-2032, $ mn 56
Figure 19. Global Military Exoskeletons Market by Hardware: Sensors, 2022-2032, $ mn 57
Figure 20. Global Military Exoskeletons Market by Hardware: Actuators, 2022-2032, $ mn 58
Figure 21. Global Military Exoskeletons Market by Hardware: Power Sources, 2022-2032, $ mn 59
Figure 22. Global Military Exoskeletons Market by Hardware: Controllers, 2022-2032, $ mn 60
Figure 23. Global Military Exoskeletons Market by Hardware: Other Hardware, 2022-2032, $ mn 61
Figure 24. Global Military Exoskeletons Market by Offering: Software, 2022-2032, $ mn 62
Figure 25. Global Military Exoskeletons Market by Offering: Services, 2022-2032, $ mn 63
Figure 26. Breakdown of Global Military Exoskeletons Market by Function, 2022-2032, % of Sales Revenue 65
Figure 27. Global Addressable Market Cap in 2023-2032 by Function, Value ($ mn) and Share (%) 65
Figure 28. Breakdown of Global Military Exoskeletons Market by Function, 2022-2032, % of Shipment 67
Figure 29. Global Addressable Market Cap in 2023-2032 by Function, Shipment (units) and Share (%) 67
Figure 30. Global Military Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, $ mn 68
Figure 31. Global Military Exoskeletons Market by Function: Upper Body Exoskeletons, 2022-2032, units 69
Figure 32. Global Military Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, $ mn 70
Figure 33. Global Military Exoskeletons Market by Function: Lower Body Exoskeletons, 2022-2032, units 71
Figure 34. Global Military Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, $ mn 72
Figure 35. Global Military Exoskeletons Market by Function: Full Body Exoskeletons, 2022-2032, units 73
Figure 36. Breakdown of Global Military Exoskeletons Market by Power, 2022-2032, % of Revenue 74
Figure 37. Global Addressable Market Cap in 2023-2032 by Power, Value ($ mn) and Share (%) 75
Figure 38. Breakdown of Global Military Exoskeletons Market by Power, 2022-2032, % of Shipment 76
Figure 39. Global Addressable Market Cap in 2023-2032 by Power, Shipment (units) and Share (%) 77
Figure 40. Global Military Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, $ mn 78
Figure 41. Global Military Exoskeletons Market by Power: Active/Powered Exoskeletons, 2022-2032, units 79
Figure 42. Global Military Exoskeletons Market by Active/Powered Exoskeletons: Electric Actuator, 2022-2032, $ mn 80
Figure 43. Global Military Exoskeletons Market by Active/Powered Exoskeletons: Pneumatic Actuator, 2022-2032, $ mn 81
Figure 44. Global Military Exoskeletons Market by Active/Powered Exoskeletons: Hydraulic Actuator, 2022-2032, $ mn 82
Figure 45. Global Military Exoskeletons Market by Active/Powered Exoskeletons: Fuel Cell Actuator, 2022-2032, $ mn 83
Figure 46. Global Military Exoskeletons Market by Active/Powered Exoskeletons: Other Types, 2022-2032, $ mn 84
Figure 47. Global Military Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, $ mn 85
Figure 48. Global Military Exoskeletons Market by Power: Passive Exoskeletons, 2022-2032, units 86
Figure 49. Breakdown of Global Military Exoskeletons Market by Structure, 2022-2032, % of Revenue 87
Figure 50. Global Addressable Market Cap in 2023-2032 by Structure, Value ($ mn) and Share (%) 88
Figure 51. Breakdown of Global Military Exoskeletons Market by Structure, 2022-2032, % of Shipment 89
Figure 52. Global Addressable Market Cap in 2023-2032 by Structure, Shipment (units) and Share (%) 90
Figure 53. Global Military Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, $ mn 91
Figure 54. Global Military Exoskeletons Market by Structure: Rigid Exoskeletons, 2022-2032, units 92
Figure 55. Global Military Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, $ mn 93
Figure 56. Global Military Exoskeletons Market by Structure: Soft Exoskeletons, 2022-2032, units 94
Figure 57. Global Market Snapshot by Region 95
Figure 58. Geographic Spread of Worldwide Military Exoskeletons Market, 2022-2032, % of Sales Revenue 96
Figure 59. Global Addressable Market Cap in 2023-2032 by Region, Value ($ mn) and Share (%) 97
Figure 60. Geographic Spread of Worldwide Military Exoskeletons Market, 2022-2032, % of Shipment 98
Figure 61. Global Addressable Market Cap in 2023-2032 by Region, Shipment (units) and Share (%) 99
Figure 62. North American Military Exoskeletons Market, 2022-2032, $ mn 102
Figure 63. North American Military Exoskeletons Market, 2022-2032, units 102
Figure 64. Breakdown of North America Military Exoskeletons Market by Country, 2022 and 2032, % of Revenue 103
Figure 65. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 104
Figure 66. Breakdown of North America Military Exoskeletons Market by Country, 2022 and 2032, % of Shipment 105
Figure 67. Contribution to North America 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 106
Figure 68. U.S. Military Exoskeletons Market, 2022-2032, $ mn 108
Figure 69. Canada Military Exoskeletons Market, 2022-2032, $ mn 110
Figure 70. Military Exoskeletons Market in Mexico, 2022-2032, $ mn 112
Figure 71. European Military Exoskeletons Market, 2022-2032, $ mn 115
Figure 72. European Military Exoskeletons Market, 2022-2032, units 115
Figure 73. Breakdown of European Military Exoskeletons Market by Country, 2022 and 2032, % of Revenue 116
Figure 74. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 117
Figure 75. Breakdown of European Military Exoskeletons Market by Country, 2022 and 2032, % of Shipment 118
Figure 76. Contribution to Europe 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 119
Figure 77. Military Exoskeletons Market in Germany, 2022-2032, $ mn 120
Figure 78. Military Exoskeletons Market in U.K., 2022-2032, $ mn 122
Figure 79. Military Exoskeletons Market in France, 2022-2032, $ mn 124
Figure 80. Military Exoskeletons Market in Spain, 2022-2032, $ mn 126
Figure 81. Military Exoskeletons Market in Italy, 2022-2032, $ mn 128
Figure 82. Military Exoskeletons Market in Russia, 2022-2032, $ mn 130
Figure 83. Military Exoskeletons Market in Rest of Europe, 2022-2032, $ mn 132
Figure 84. Asia-Pacific Military Exoskeletons Market, 2022-2032, $ mn 135
Figure 85. Asia-Pacific Military Exoskeletons Market, 2022-2032, units 135
Figure 86. Breakdown of APAC Military Exoskeletons Market by Country/Region, 2022 and 2032, % of Revenue 136
Figure 87. Contribution to APAC 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 137
Figure 88. Breakdown of APAC Military Exoskeletons Market by Country/Region, 2022 and 2032, % of Shipment 138
Figure 89. Contribution to APAC 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 139
Figure 90. Military Exoskeletons Market in Japan, 2022-2032, $ mn 141
Figure 91. Military Exoskeletons Market in China, 2022-2032, $ mn 143
Figure 92. Military Exoskeletons Market in Australia, 2022-2032, $ mn 145
Figure 93. Military Exoskeletons Market in India, 2022-2032, $ mn 147
Figure 94. Military Exoskeletons Market in South Korea, 2022-2032, $ mn 149
Figure 95. Military Exoskeletons Market in Rest of APAC, 2022-2032, $ mn 151
Figure 96. South America Military Exoskeletons Market, 2022-2032, $ mn 154
Figure 97. South America Military Exoskeletons Market, 2022-2032, units 154
Figure 98. Breakdown of South America Military Exoskeletons Market by Country, 2022 and 2032, % of Revenue 154
Figure 99. Contribution to South America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 156
Figure 100. Breakdown of South America Military Exoskeletons Market by Country, 2022 and 2032, % of Shipment 157
Figure 101. Contribution to South America 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 158
Figure 102. Military Exoskeletons Market in Argentina, 2022-2032, $ mn 159
Figure 103. Military Exoskeletons Market in Brazil, 2022-2032, $ mn 161
Figure 104. Military Exoskeletons Market in Chile, 2022-2032, $ mn 163
Figure 105. Military Exoskeletons Market in Rest of South America, 2022-2032, $ mn 165
Figure 106. Military Exoskeletons Market in Middle East and Africa (MEA), 2022-2032, $ mn 167
Figure 107. Military Exoskeletons Market in Middle East and Africa (MEA), 2022-2032, units 167
Figure 108. Breakdown of MEA Military Exoskeletons Market by Country, 2022 and 2032, % of Revenue 168
Figure 109. Contribution to MEA 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 169
Figure 110. Breakdown of MEA Military Exoskeletons Market by Country, 2022 and 2032, % of Shipment 170
Figure 111. Contribution to MEA 2023-2032 Cumulative Market by Country, Shipment (units) and Share (%) 171
Figure 112. Military Exoskeletons Market in Israel, 2022-2032, $ mn 172
Figure 113. Military Exoskeletons Market in Saudi Arabia, 2022-2032, $ mn 174
Figure 114. Military Exoskeletons Market in South Africa, 2022-2032, $ mn 176
Figure 115. Growth Stage of Global Military Exoskeletons Industry over the Forecast Period 179
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
| Historical Data (2015-2019) |
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| Influencing Factors |
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| Market Forecast (2021-2026) |
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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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| Market Position of Top Company |
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| Qualitative Analysis |
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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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| Total Market |
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