Total Addressable Market for Commercial/Industrial Exoskeletons Exceeds 2.6 Million Units Worldwide
Massive Gulf Exists Between Current and Future Shipments and Scale of the Opportunity
Oyster Bay, New York - 25 Apr 2017
ABI Research finds that the total addressable market (TAM) for commercial/industrial exoskeletons currently exceeds 2.6 million units, with those featuring technologies that support standing and squatting, the most common type. This figure dwarfs the total number of exoskeleton units that shipped in 2016 and the 107,000 units expected to come to market in 2025.
“Commercial and industrial exoskeleton technology act as a bridge between the extremes of fully manual tasks and applications that demand traditional automation and robotic solutions,” says Dan Kara, Research Director at ABI Research. “Their use results in significant and easily quantifiable business benefits including increased worker productivity and a reduction in work-related injuries, as well as a flexible, economical, alternative to expensive, ‘full on’ robotic solutions.”
In this latest report, ABI Research demonstrates the massive gulf that exists between present and expected shipments of commercial exoskeletons, and the subsequent market opportunity for robust, functional commercial and industrial exoskeleton systems. Leading exoskeleton solutions providers, such as Cyberdyne, Honda, Lockheed Martin, and others, are highlighted.
“The scope of the opportunity far exceeds even the most optimistic projections as to what suppliers are delivering to the market,” concludes Kara. “The conclusion is obvious: the market potential for commercial and industrial exoskeletons is enormous, as are the rewards for entrepreneurial solution providers who can aggressively innovate and come to market with workable solutions.”
These findings are from ABI Research’s Robotic Exoskeletons report.
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