Skip to main content

Posts

Showing posts with the label bionic

Robotic Exoskeleton Revenue will Reach $5.8 Billion

CIOs and CTOs are searching to find the information and guidance they need to increase opportunities and minimize risk when employing robotics technologies. Many now desire to create new markets and product categories, open additional lines of business, enhance existing product lines, invest in or acquire start-up companies, or create robotics innovation labs. Across a range of applications, exoskeletons are increasingly being introduced to augment human capability -- for assistive purposes in the workplace, and for enabling or rehabilitative purposes in the healthcare market. Exoskeleton Market Development According to the latest worldwide market study by ABI Research, as of 2018, global shipments will reach 7 thousand units with a hardware revenue of $192 million. However, total shipments are expected to reach over 91 thousand by 2023 and 301 thousand by 2028. As a result, global revenue for the suits is now forecast to reach $5.8 billion in 2028. "The market gets hea...