Soft Robotics Market Estimated To Experience A Hike in Growth | Global Industry Size, Growth, Segments, Revenue and Top Manufacturers: Kawada Robotics Corporation, F&P Robotics AG, etc.
The global soft robotics market is expected to exhibit a solid 40.62% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global soft robotics market was valued at USD 300.5 million in 2018 and is expected to rise in valuation to USD 2.3 billion by 2024, according to the report. The global soft robotics market is studied in great detail in the latest report from Market Research Future (MRFR), which includes a detailed analysis of the market’s historical growth trajectory and present condition.
Leading 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. This makes soft robotic devices safer around humans, which has been a major driver for the global soft robotics market over the last few years."
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:
The global soft robotics market is segmented on the basis of type, application, and region.
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.
Major Highlights of TOC Covers:
1. Executive Summary
2. Key Business Trends
3. Regional Trends and Growth
4. Product Trends
5. End-use Trends
6. Definition and Forecast Parameters
7. Soft robotics Market Segmentation
8. Soft robotics Market Landscape
9. Vendor Matrix
10. Company Profiles
11. Business Overview
12. Financial Data
13. Product Landscape
More…
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