Robotics chief executive officer, Mike Pivac, said the analysis
demonstrates just how large the global market opportunity is.
“As the only company in the world
building construction robots capable of doing what the Hadrian X can do,
capitalising on our first mover advantage is crucial.”
“The opportunity for the Hadrian X to
generate significant productivity improvements in the building and
construction sector continues to fuel the acceleration of our technology
commercialisation process,” Pivac said.
The Hadrian X prototype is nearing
completion and Fastbrick is now targeting 2 per cent of the global
market within the next five years, approximately 600,000 low-rise
buildings a year.
Population growth and urbanisation,
particularly in developing nations, is demanding rapid construction
methods and is acting as a catalyst for future automation and robotic
With the world’s major economies and
corporations investing heavily in automation and robotics, Fastbrick
aims to leverage their technology with an analytical approach.
“We will continue to work closely with
EY-Panthenon and development partners to develop our market entry
strategy and business model, ahead of completing the Hadrian X
programme,” Pivac said.
Related reading: Construction Industry in the Dark Ages: Opinion
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