In a recent article, we looked at a very interesting subcategory of robotics called “exoskeletons”. Also called “wearable robots”, exoskeletons aren’t just used to shoot laser beams at attacking alien scum in movies, but they are also seen as having a tremendous growth potential for investors. Technological advances like 3D printing and better lithium batteries mean that exoskeletons are now economically viable to produce. Market projections put the exoskeleton market at between $1.8 to $3.3 billion by 2025, from an estimated size of just $25 million in 2015. While the methods used to determine these projections are probably akin to throwing darts, researchers agree that the growth is there and competition is already fierce with close to 60 companies reaching different stages of development in the field. In this article, we’ll look at those companies that are accessible to retail investors. First we’ll look at 4 pure-play exoskeleton stocks, then look at 5 larger industry giants.
Looking at the lineup, it’s evident that the technology has branched off in 3 distinct directions: healthcare, military and industrial uses.
Ekso Bionics
We already mentioned Ekso Bionics (