Robotic exoskeleton market expected to grow fast

The global robotic exoskeleton market will reach $1.8 billion in 2025, according to a forecast by market research firm ABI Research. This reflects a compound annual growth rate of 39.6 percent from $68 million in 2015.

"Lower body exoskeletons, employed as rehabilitation tools or quality of life enablers, currently lead the sector," ABI said. "However, commercial systems that augment or amplify capabilities will exhibit the strongest growth moving forward. This is especially true for industrial tasks requiring heavy lifting, extended standing, squatting, bending or walking in manufacturing facilities, particularly within construction and agriculture industries."

Leading manufacturers include including Cyberdyne, Ekso Bionics, Lockheed Martin, Parker Hannifin, ReWalk Robotics, Honda and Toyota.

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