The soft robotics market is expected to grow at a compound annual growth rate of 30.7%

The soft robotics market is expected to grow at a compound annual growth rate of 30.7%

Isle of Man, October 11, 2022 (GLOBE NEWSWIRE) – The soft robotics market It grows at a cracking pace. The industry is set to experience a boom from 2020 to 2027, with a compound annual growth rate of 30.7 percent. However, industry players around the world still need more critical data and insights to make investments with confidence and create business strategies that deliver targeted results. Hence, Douglas Insights has added research reports from the Soft Robots market to its comparison engine to facilitate players, researchers, and industry experts.

This add-on aims to speed up the process of collecting, evaluating and comparing data, helping experts to find important insights. These insights are useful for making informed decisions and for securing a competitive advantage in the marketplace. The Douglas Insights comparison engine allows users to compare reports from around the world by pricing, publisher rating, page count, and table of contents. The results obtained can help users to develop a solid understanding of the market, such as market trends, share, size, challenges, and growth opportunities.

Major Players Covered in the Global Market:

  • ABB LTD.
  • AUBO ROBOTICS TECHNOLOGY CO. LTD.
  • BIOSERVO AB . Technologies
  • Cyberdyne Company
  • EKSO BIONICS HOLDINGS INC.
  • Fanuc Corporation.
  • FESTO AG
  • Kawasaki Robotics Corporation
  • KUKA AG
  • ReWalk Robotics Ltd.
  • RIGHTHAND ROBOTICS INC.
  • ROAM bots
  • soft robotics company
  • TECHMAN ROBOT INC.
  • UNIVERSAL ROBOTS A / S
  • Yaskawa Electric Company.

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The industry’s success is due to its offering when it comes to unparalleled growth in the market. It may be a subfield of construction robotics, but it emerges as an essential part of market dynamics. Soft robotics provide multifunctional, easy-to-use, versatile and reprogrammable systems with intelligent sensing actions.

Moreover, the technology used in soft robotics is expected to gradually remove computational and mechanical design complexities. The materials used to design and manufacture soft robotic systems have mechanical properties similar to living tissue. This is one of the many reasons for increased demand across industries, including retail, healthcare, pharmaceuticals, logistics, and food and beverages. Soft robotics are revolutionizing the product supply chain in various industries. In the soft robotics industry, players can enhance the adaptability and flexibility of the manufacturing process. Soft robots have the ability to understand their surroundings and interact with them accordingly.

Another major driver is the development of smart infrastructure. Artificial intelligence and Internet-based technologies are expected to drive the growth of the industry, taking it to new heights. From retail to logistics and healthcare, diverse sectors are actively investing in soft robotics to support their businesses and secure competitive advantages.

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Besides, soft robotics has the potential to eliminate the complexities of computational and mechanical robot design. Also, soft robotics are used in tissue engineering to produce hybrid systems. They can easily be separated into medical robots and robotic handles and used in multiple medical applications.

The industry is also expected to thrive in the coming years as the specialization of soft robotics is likely to help overcome problems associated with standard robotics made with hard materials. Moreover, soft robotics provide not only flexibility, but also security.

Analysis of the impact of COVID-19

The need for automated processes and human safety in manufacturing units and across departments has increased dramatically during COVID-19. Hence, research and development initiatives were undertaken during COVID-19 to explore the soft robotics industry and find new ways in which it could revolutionize processes to ensure human safety. However, the main barrier to the industry is cost. The high cost of research and development and investment in soft robotics may constrain industry players from making significant strides.

However, if industry players use tools like the Douglas Insights comparison engine, they can extract valuable data and results related to market trends and growth. Moreover, critical findings from these reports can help organizations develop better strategies and integrate soft robots into their business landscape with a higher success rate. Nowadays, soft robotics are in great demand in the medical field. Minimally invasive surgery is among the best areas in which soft robotics has high potential.

splits

Market by type of robot
Summary
Soft robotic grippers
exoskeleton
Cobots
Oversized robots
Aharon

market by solution
Summary
hardware
Programming

Market by Industry
Summary
Food and drinks
Health Care
advanced manufacturing
the cars
logistics
Scan and Explore
Aharon

Market by region
Summary
North Amarica
Europe
Asia Pacific
rest of the world

Answer the key questions in this report

  • Analysis of the impact of COVID 19 on the global Soft Robotics industry.
  • What are the current market trends and dynamics in the Soft Robotics market and the valuable opportunities for emerging players?
  • What is driving the soft robotics market?
  • What are the main challenges of market growth?
  • Which sector represents the fastest compound annual growth rate during the forecast period?
  • What type of product has the largest market share and why?
  • Are low and middle income economies investing in the soft robotics market?
  • Major growth pockets based on regions, types, applications and end users
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, Middle East and Africa?

Unique data points for this report

  • Statistics about soft bots and spending around the world
  • Recent trends across different regions in terms of the adoption of soft robotics across industries
  • Notable developments taking place in the industry
  • Attractive investment offer for sectors as well as geography
  • Comparative scenario for all sectors for 2018 (actual) and 2031 (expected)

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robotics technology market: Robotics technology is becoming increasingly common in a variety of industries, from manufacturing and logistics to healthcare and beyond. As the robotics technology market continues to grow, so does the demand for skilled workers who are able to operate and maintain these advanced machines.

underwater robotics market: The market for underwater robotics is expected to grow exponentially in the next decade. The main drivers of this growth are the increasing demand for ocean data and the need for more efficient and cost-effective ways of collecting this data. There are a number of different types of underwater robots, each with their own unique abilities. The most common types are Remotely Operated Vehicles (ROVs), Autonomous Underwater Vehicles (AUVs), and RC/Hybrid ROVs.

industrial robotics market: The growth of the industrial robots market is mainly driven by the increasing demand for robots in the automotive, semiconductor and electronics industries, rising labor costs, and increasing investments in the robotics industry. Robots are increasingly being used in many industries such as automobiles, semiconductors, electronics, food and beverages, metals, machinery, plastics, polymers, and healthcare.

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