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
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
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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