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soft robotics market industry
Soft Robotics Market: Opportunity Analysis and industry Forecast, 2020–2027
The considerable investments in the healthcare sector primarily drive the soft robotics market growth.” - Allied Market Research
WILMINGTON, DELAWARE, UNITED STATES, October 23, 2023 /EINPresswire / -- Soft Robotics Market by Type (Soft Grippers, Cobots, Inflated Robotics, and Exoskeleton), Component (Hardware and Software), and End User (Healthcare, Advanced Manufacturing, Food & Beverage, Logistics, and Others): Opportunity Analysis and Industry Forecast, 2020-2027.
The global soft robotics market size was valued at $573.8 million in 2019, and is projected to reach $3.41 billion by 2027, registering a CAGR of 30.7% from 2020 to 2027.
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A soft robotics, which is sometimes known as biologically inspired robots, is an electronic device that offers extraordinary solutions such as smooth touches, manipulation and grasping of fragile objects, and safe interaction for humans. Soft robotics can perform complex tasks; thereby, offering cost-efficient flexible production. For instance, soft robotics installed in the healthcare sector is made of material similar to human soft tissues. Subsequently, each device used in medical industries is analyzed for engineering and clinical significance. Furthermore, soft robotics is widely used across packing and packaging, mining, surgery, laboratory research, and other industries.
The surge in the innovation of next-generation healthcare technology is one of the key drivers for the growth of the soft robotics market. Moreover, the enhancement of resilient supply chains across logistic and food & beverage industries boosts the market growth. However, the high cost of soft robotics products in developing countries is a major hurdle for early adoption. Further, innovation in soft robotics for small and medium-sized companies is expected to provide lucrative opportunities for the global soft robotics trend during the forecast period.
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Competitive Analysis:
The soft robotics industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.
Some of the major key players of soft robotics market include,
.Festo AG,
.F&P Robotics AG,
.Roam Robotics,
.Cyberdyne Inc.,
.Bioservo Technologies AB,
.Ekso Bionics Holdings, Inc.,
.ReWalk Robotics Ltd,
.Yaskawa Electric Corporation,
.Soft Robotics Inc.,
.RightHand Robotics Inc.
Top Impacting Factors:
Significant factors that impact the growth of the global soft robotics industry include rise in exoskeleton innovation in the healthcare sector, surge in penetration of AI-based technologies, and increase in industrialization in the automation sector. However, high cost of sift robotics in developing countries acts as a major barrier for early adoption, which hampers the growth of the market. On the contrary, innovation of robotic in small and medium-sized companies and industrial sectors is anticipated to provide lucrative opportunities for the soft robotics market during the forecast period.
Research Methodology:
The research uses both primary and secondary research to assemble data on the various facets of the international security screening market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.
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Key Benefits for Stakeholders:
1 study comprises analytical depiction of the global soft robotics market size along with the current trends and future estimations to depict the imminent investment
2 overall global soft robotics market analysis is determined to understand the profitable trends to gain a stronger
3 report presents information related to key drivers, restraints, and opportunities with a detailed impact
4 current global soft robotics market forecast is quantitatively analyzed from 2019 to 2027 to benchmark the financial
5's five forces analysis illustrates the potency of the buyers and suppliers in the global soft robotics
6 report includes the global soft robotics market share of key vendors and market trends.
About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
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