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Global Soft Robotics Market growing at a CAGR of 35.20% from 2023 to 2030

Category : Semiconductor And Electronics | Published Date : Sep 2023

Key Market Overview

The Global Soft Robotics Market was valued at USD 797.21 Million in 2022 and is expected to register a compound annual growth rate of 35.20% to reach USD 8,748.87 Million in 2030.

The report highlights the increasing adoption of soft robotics in healthcare, food & beverage, retail & e-commerce, and other industries. Consegic Business Intelligence provides an inclusive research report on the soft robotics market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Soft Robotics Market By Overview

Global Soft Robotics Market

The report analyses significant segments such as type, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of wearable robots in healthcare, and other industrial sectors. Moreover, the deployment of soft grippers in food & beverage, logistics, and retail & e-commerce sectors among others is expected to drive the market growth during the forecast period.

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Market Dynamics

Driver:

 

  • Growing healthcare sector is spurring the market growth.
  • Rising utilization of soft robotics in food & beverage sector is driving the market growth.

 

Restraints:

  • Availability of substitutes is restraining the market growth.

Market Segmentation:

Report Attributes Report Details
By Type Soft Grippers, Inflated Robots, Wearable Robots, and Others
By End-User Healthcare, Retail & E-commerce, Food & Beverage, Logistics, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The global soft robotics market is highly competitive due to the presence of major players such as Soft Robotics Inc., Ekso Bionics Holdings Inc., Rewalk Robotics Ltd., RightHand Robotics Inc., Yaskawa Electric Corporation, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in soft robotics market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.

  • Soft Robotics Inc.
  • Ekso Bionics Holdings Inc.
  • Rewalk Robotics Ltd.
  • RightHand Robotics Inc.
  • Yaskawa Electric Corporation
  • Bioservo Technologies AB
  • Festo Inc.
  • Roam Robotics
  • ABB Ltd.
  • KUKA AG