Global Military Exoskeleton Market 2017-2021

Overview of the global military exoskeleton market

Technavio's market research analyst predicts the global military exoskeleton market to grow steadily at a CAGR of above 65% by 2021. One of the primary drivers for this market is the increasing need for integrated soldier suites. The dynamically evolving warfare mechanisms has compelled several nations in developing military suits or body armor for their armed forces. Although there have been innovations and developments attached with these military wearables, their basic functionality includes the provision of added strength, efficiency, and combat capabilities to the armed troops. Also, the NATO countries, in particular, are pursuing some future soldier modernization programs, which would equip the soldiers with advanced features such as improved situational awareness, enhanced vision, increased combat capabilities, and higher strengths and endurance limits. The new military wearables that are being developed are lighter, lethal, protective, and are integrated with combat and communication systems. Such technological advances in the military exoskeleton will propel the global military exoskeleton market during the forecast period.