Soft Robotics Market Estimated To Experience A Hike in Growth | Top Manufacturers: Kawada Robotics Corporation, F&P Robotics AG, etc.
Market Research Future (MRFR) evaluates the value of Soft Robotics Market 2020 is expected to grow from USD 300.5 million in 2018 to USD 2.3 billion by 2024. The market is also anticipated to advance at a noteworthy rate of 28.1% between 2018 and 2024, which is the assessment period. The COVID-19 impact on the market has been carefully studied, following which the report outlines the key developments post the coronavirus disease outbreak.
Most important drivers and restraints operating on the global soft robotics market are examined in the report. The impact of these major drivers and restraints on the global soft robotics market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global soft robotics market are also profiled in the research report. The competitive landscape of the global soft robotics market is thus examined in detail in the report.
Soft robotics is the field of producing robots made from compliant, deformable matter such as gels, elastomers, and fluids. The elastic properties of soft robotic implements allow them to adapt to various shapes and perform a broader range of tasks than conventional robots. Soft robotics is derived from studying the movements of living creatures, specifically how living creatures move and adapt to their surroundings.
Competitive Leader board:
Leading players in the global soft robotics market include Kawada Robotics Corporation, F&P Robotics AG, Ekso Bionics Holdings Inc., Soft Robotics Inc., RightHand Robotics Inc., ReWalk Robotics Ltd., Rethink Robotics, Kawasaki, Yaskawa Electric Corporation, AUBO Robotics Inc., Kuka AG, ABB Ltd., Techman Robot, Fanuc Corporation, and Universal Robots A/S.
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The healthcare sector is also likely to be a major consumer of soft robotics over the forecast period. Healthcare applications of soft robotics include wearable robots that allow automation of bodily processes. This is particularly helpful for people who have lost the use of limbs, as robotic implements can replace limbs and provide comparable motion to the users. The growing adoption of robotics technology in the healthcare sector is likely to be a major driver for the global soft robotics market over the forecast period.
Segmentation:
· By type, the global soft robotics market is segmented into soft grippers, co-robots, inflated robots, wearable robots, edible robots, and others.
· By application, the global soft robotics market is segmented into medical and healthcare, food and beverages, logistics, entertainment and gaming, automotive, survey and exploration, and others.
Regional Analysis:
North America is likely to be the major regional market over the forecast period due to the strong presence of leading market players in the region and the easy availability of advanced technology and expertise in the robotics sector.
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