Last updateThu, 20 Jan 2022 11pm

European Spend in Exoskeleton Will Reach $283 in 2021, Supported by Workforce Transformation, Employee Augmentation, and In-hospital Rehab Needs

International Data Corporation's (IDC) The Future of Augmented Humanity in Europe: 2020-2025 Forecast estimates that European spending on exoskeleton will reach $283 million by 2021 and will grow at a solid double-digit rate throughout 2025, supported by workforce transformation, employee and human augmentation, and in-hospital patient experience needs.

Although adoption is hindered by production costs, high prices often going above $100,000, certification requirements, and human-machine coordination needs, exoskeletons have the power to bring disruption to workplaces, augment employees by elevating their skills, and improve the quality and experiences of human lives. According to IDC's Emerging Techs Survey 2021, 33% of European manufacturing and resource companies will deploy exoskeletons in the next 24 months to enable assistance and support use cases. Companies adopting exoskeletons have already experienced strong benefits in the workplace, managing to achieve faster production processes and decrease the number of incidents in the workplace.

"Because exoskeletons cost thousands of dollars, they are not a democratized technology and solutions and vendor's strategies remain polarized toward specific sectors such as manufacturing, healthcare, and the military," said Andrea Minonne, senior research analyst, lead of the Augmented Humanity research in Europe at IDC UK. "Nonetheless, exoskeletons represent a game-changing technology both for vendors that want to become the leaders of human augmentation and for buyers that want to increase their agility and achieve relevant key performance indicators and strong return on investments."



Related articles

  • Latest Post

  • Most Read

  • Twitter

Who's Online

We have 4330 guests and no members online

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.