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The $2.4B Marketplace for Robotic Exoskeletons

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Think about displaying as much as your job trying like a cyborg, or Iron Man himself.

No, we’re not speaking about your Halloween costume (we all know a few of y’all begin making ready for that on the first fall of a leaf).

We’re speaking about robotic exoskeletons — or wearable robots — a $2.4B market that’s certain to draw critical capital and progress within the subsequent few years.

robotics-exoskeleton-2-20240927-5505019-1Supply: A number of Market Studies

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What Is A Robotic Exoskeleton?

Consider it as strapping on a pair of super-powered limbs.

These dangerous boys can assist you raise heavy objects, stroll longer distances, and even rehabilitate after an harm.

I imply… hitting the gymnasium is cool and all, however have you ever tried a robotic swimsuit? 🦾

Fueled by an growing older society, rising healthcare issues, and developments in robotics expertise, the market is primed for huge adoption by companies and shoppers alike.

Who’s In The Recreation?

The most typical use circumstances are medical and industrial — from rehabilitating sufferers with Parkison’s or spinal twine accidents, to serving to industrial staff with heavy lifting.

Ekso Bionics, German Bionics and Hyundai are a number of the main gamers.

However non-medical shopper functions are gaining traction, too.

Alphabet’s spinoff, Skip, partnered with Arc’teryx to develop “the world’s first powered clothes,” which, from the title of it, will grant you the mobility of these guys (not bahhhd).

screenshot of skip website with the mo/go suit https://www.skipwithjoy.com/

Supply: Skip web site

Equally, a Dnsys exoskeleton raised ~$1.2m on Kickstarter and ~$1.4m on Indiegogo — that’s stable shopper curiosity earlier than the primary batch even shipped.

Alternatives

We might see worth in providing fundraising and advertising providers to those early builders, and liberating up their time to concentrate on the merchandise.

Listed below are a number of extra concepts:

1. Exoskeleton Information Analytics Platform

Robotic fits generate tons of utilization knowledge. You may construct a software program that collects and analyzes it, like YC-backed Pivot Robotics.

Massive gamers will do that in-house, so you’ll be able to concentrate on smaller and newer robotics startups, or extra experimental functions straight out of labs, and ask them to combine your software program.

You may beef up your platform by together with premium choices like serving to these robotic swimsuit makers:

  • Recruit and handle testers who’ll check out their fashions and assess their efficiency
  • Accumulate suggestions (written or video) straight out of your platform
  • Present AI-assisted abstract studies, and even predictive evaluation

google trends graph of AI robotics https://trends.google.com/trends/explore?date=today%205-y&q=AI%20robotics&hl=en

Supply: Google Developments, six-month rolling common

2. Exoskeleton Customization

With their use circumstances increasing past purely practical, robotic exoskeletons might turn into style statements of the longer term.

The market remains to be younger, so you may get in early and begin a customization studio, providing design upgrades, consolation adjustment, accent matching, robo-suit rental…the entire works.

A lighter model of that is making a Canva-like on-line design software to assist of us visualize what their excellent fits appear to be. 

3. Robotic Fits for Pets

We’re not the one ones who want somewhat increase. Our pets do, too.

There’s a chance to make tiny robot-suits for animals that need assistance transferring round — whether or not they’re senior, overweight, or have disabilities — and residing a fuller life.

Engineers at Colorado State College constructed one for canine struggling to stroll.

A YouTuber spent months constructed one for her three-legged canine, gaining 1m+ views.

You should utilize 3D printing expertise to make prototypes, and pitch to vets, pet gyms or rehabilitation facilities.

Within the close to future, we’d simply see an increasing number of folks (and their fur infants) sporting these robotic fits prefer it’s their outfits of the day. 

 

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