Exoskeleton Technology Poised to Transform Factories of the Future

Reading time ( words)

Exoskeletons, both passive and active, will see higher adoption across industries such as automotive, manufacturing, defense and healthcare. In factory settings, they can empower workers, improve ergonomy and provide safety by increasing automation, thus improving quality, reducing waste, and lowering levels of absenteeism due to injuries. Understanding the costs, benefits and return on investment (ROI) of exoskeleton integration into assembly lines could also be the first step toward human robotic collaboration (HRC). 

“Exoskeletons will play a critical role in the future of smart factories,” noted Frost & Sullivan Visionary Innovation Group Research Analyst Vijay Natarajan. “By 2020, firms across most industries will use some form of exoskeleton technology and by 2025, concepts such as HRC will likely replace exoskeletons, resulting in increased collaboration between humans and robots.” 

Analysis of Exoskeleton Technology Implementation in Future Factories is part of Frost & Sullivan’s Visionary Innovation (Mega Trends) Growth Partnership Service program, which examines the Mega Trends shaping the world, highlighting macro-to-micro implications on business and society. The subscription provides insights on various topics such as Future of Logistics, Benchmarking of Smart Cities, Fintech Revolution, Future of Work and Implications of Brexit.  

The potential for seamless integration within a factory setting, lower maintenance costs, and an attractive ROI with a payback period of less than one year indicate tremendous promise for the exoskeleton technology, but challenges remain: 

Currently, there are no regulations that bind exoskeleton use on factory floors. Proper regulatory framework needs to be incorporated to ensure that safety requirements pertaining to technology use is met.

A negative perception of machines replacing human beings, instead of assisting them, lingers. Further, the debate about who is in control, the machine or the user, is a concern among most users.

As significant cost benefits in terms of productivity and insurance for workers propel exoskeleton technology forward, several players are offering innovative solutions. These study features case studies on several new solutions from innovative companies such as  Noonee, Exso Bionics, Cyberdyne, Active Bionics, Robo Mate Consortium, Lockheed-Martin, Bioservo Technologies, and Sarcos. 

“The evolution of artificial intelligence and machine learning will eventually result in intelligent autonomous robots that sense surroundings and work effectively with human beings to initiate multi-fold levels of efficiency,” said Natarajan. “In that sense, exoskeletons have a very unique role in future human-robot or cobot factories.”

About Frost & Sullivan 

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?



Suggested Items

Global LED Market Expected to Record a CAGR of close to 17% until 2020

05/26/2016 | Business Wire
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.

Tax Incentives Brighten Future for Solar Equipment Industry in 2016

01/06/2016 | Dick Crowe, Burkle NA
Recent budget legislation passed by Congress surprised many with the renewal of the tax incentives for Solar Power. What was to be a tumultuous, very busy year for Solar Manufacturers in 2016 and then a sharp drop in 2017 will stabilize production and lead to more efficient operations.

Copyright © 2019 I-Connect007. All rights reserved.