The global soft robotics market is experiencing significant growth and is expected to expand at a CAGR of 74.52% during the forecast period, reaching a value of USD 21,802.8 million by 2028. Soft robotics is a rapidly evolving field that involves the development and application of robots made from flexible and compliant materials. These robots have the ability to interact with their environment in a gentle and adaptable manner.
The market is driven by various factors, including the automotive industry, food and beverages sector, logistics, and medical and healthcare applications. In the automotive industry, soft robotics find applications in manufacturing processes, such as picking and placing objects, assembly, and inspection tasks. In the food and beverages sector, soft robots are used for sorting, packaging, and handling delicate food items. The logistics industry benefits from the use of soft robots for efficient warehouse management and inventory handling. In the medical and healthcare field, these robots assist in rehabilitation, patient care, and surgical procedures.
The global soft robotics market is segmented based on types, which include soft grippers, wearables (exoskeletons), co-robots, and inflated robots. Each type has its own specific applications and benefits in different industries.
Geographically, the market is divided into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. North America dominates the market due to technological advancements, extensive research and development activities, and the presence of major market players in the region. However, Asia-Pacific is expected to witness the highest growth rate during the forecast period, owing to the rapid industrialization and increasing adoption of automation in various sectors.
Key players in the global soft robotics market include Righthand Robotics Inc, ABB Ltd., Rewalk Robotics Ltd, Soft Robotics Inc, Ekso Bionics Holdings Inc, Yaskawa Electric Corporation, Festo AG, Bioservo Technologies AB, and Roam Robotics.
In conclusion, the global soft robotics market is poised for significant growth in the coming years. The increasing demand for automation in various industries, along with advancements in soft robotics technology, will drive the market’s expansion. With the potential to revolutionize sectors such as automotive, food and beverages, logistics, and healthcare, soft robotics promises to enhance efficiency, safety, and productivity in a wide range of applications.
Sources:
– Market Research Guru. “Global Soft Robotics Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2028”
– Market Research Guru. “Soft Robotics Market: Global Opportunity Analysis and Industry Forecast, 2023-2030”