MILITARY EXOSKELETON MARKET ANALYSIS

Global military exoskeleton market growth can be hampered due to high research and development costs associated with designing and manufacturing advanced military exoskeletons. Developing exoskeletons that can improve soldier mobility and endurance while carrying heavy equipment requires extensive R&D investment. Exoskeleton technologies involve multiple fields including mechanical engineering, electrical engineering, computer science, physiology and many others. Extensive testing under real world conditions is also required to validate design concepts and ensure soldier safety. The high costs deter many companies from actively investing in this market. Long development cycles associated with such complex technological developments limit quick returns on investments. Military budgets are also limited, which restrict procurement of such advanced technologies in the initial years. This high cost barrier poses significant challenges for the market growth in the near future.

Opportunity- Development of lightweight exoskeletons

Development of lightweight exoskeleton designs can offer market growth opportunities. Lightweight exoskeletons can help address issues like soldier fatigue and overcoming the challenge of high payload. Market leaders are investing in research focusing on utilizing high strength lightweight alloys, composite materials and better power sources to develop exoskeletons weighing below 20 kgs. Lightweight exoskeletons can significantly reduce operational stresses on soldiers and improve mission capabilities by allowing longer duty periods in hostile terrains and weather. Their miniaturized designs can also accommodate soldiers weapons and heavy gear. Development of such lightweight technologically advanced solutions provide a huge opportunity to drive the military exoskeleton market growth in the future.