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North America has emerged as the dominant regional market for military exoskeletons globally with 37.1% share in 2024, due to high defense expenditure of the U.S., which is the largest developer and spender on defense technologies. The country has been at the forefront of developing various powered and non-powered exoskeleton solutions for soldiers. Most of the major exoskeleton manufacturers such as Lockheed Martin, BAE Systems, and General Dynamics have a strong presence in the region and are continuously investing in R&D to develop advanced solutions. The U.S. army has also initiated several programs to integrating exoskeleton technologies and has provided funding to projects that can enhance soldier mobility and reduce fatigue. With government support and large scale testing of prototypes, the North American market is expected to further strengthen its position in the future.
Asia Pacific region has witnessed highest growth in the military exoskeleton market over the past few years and is emerging as the fastest growing regional market. Countries like China and Japan have scaled up their defense spending extensively to develop indigenous defense technologies. China especially has emerged as a rising player with both domestic manufacturers as well as integrators developing military exoskeleton solutions. These have received support from government defense modernization programs. Several companies are engaged in export of affordable lower limb exoskeleton solutions to other Asian and Middle Eastern countries. The presence of a large talent pool with capabilities in robotics and mechatronics along with cost competitiveness provides an impetus for regional and global companies to consider Asia Pacific region for manufacturing of components.
Military Exoskeleton Market Report Snapshots
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