Market Share of Military Exoskeleton Industry
The military exoskeleton market is fragmented, with many global and regional players (OEMs, Tier 1 suppliers, and R&D centers) providing full-body and partial-body exoskeletons to the armed forces and government agencies. Some of the prominent players in the market are Lockheed Martin Corporation, SRI International, Sarcos Technology and Robotics Corporation, Robotics Corporation, ASELSAN AS, and Dephy Inc. To enhance their sales and geographical presence, the companies are partnering with regional defense manufacturers and governments.
For instance, in February 2021, Sarcos Robotics and the Paramount Group signed a memorandum of understanding (MoU) to expand Sarcos' sales of defense exoskeleton technology to government and industrial customers in the Middle East and Africa. The companies are also investing robustly in new-generation, lightweight exoskeletons integrated with advanced sensors to enhance the overall situational awareness of dismounted soldiers. Such investments are expected to help the companies enhance their footprints in the market in the coming years.
Military Exoskeleton Market Leaders
Lockheed Martin Corporation
SRI International
Sarcos Technology and Robotics Corporation
Dephy Inc.
ASELSAN A.S.
*Disclaimer: Major Players sorted in no particular order
