The global soft robotics market is experiencing significant growth and is expected to reach a value of USD 21,802.8 million by 2028, expanding at a CAGR of 74.52% during the forecast period. Soft robotics refers to a branch of robotics technology that focuses on developing robots with soft and flexible structures, allowing them to interact with their environment more effectively.
The market is driven by various factors, including advancements in automation technology, increasing demand for safe and collaborative robots in industries such as automotive, food and beverages, logistics, and medical and healthcare, among others. Soft grippers, wearables (exoskeletons), co-robots, and inflated robots are some of the types of soft robotics available in the market.
Key manufacturers 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. These companies are focusing on developing innovative soft robotic solutions to cater to the growing demand in various industries.
The COVID-19 pandemic has also had a significant impact on the soft robotics market. The report provides strategies for companies to overcome the challenges posed by the pandemic and explores the potential market growth opportunities in the post-pandemic period.
Geographically, North America, Europe, Asia-Pacific, South America, and the Middle East and Africa are the key regions analyzed in the report. These regions are witnessing substantial growth in the adoption of soft robotics technology due to the increasing demand for automation and the presence of major manufacturers.
Overall, the global soft robotics market is projected to witness substantial growth in the coming years. The market research report provides a comprehensive analysis of the current market size, segment size, competitor landscape, industry trends, and future outlook of the soft robotics market.
Sources:
– Soft Robotics Market Research Report
– Market Research Guru
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