Soft robotics is a construction robot subfield that offers reprogrammable, multi-functional, and versatile systems that intelligently relate to the sensing activity. Soft robotics vendors also design materials, components, and massive active structures in such a way that they can safely relate to the production process and adapt to their immediate environment, unlike hard component robots. Soft robotics technology has the potential to make mechanical and algorithmic robot designs simpler. Soft robotics can also be used with tissue engineering to create hybrid systems for medical applications. Moreover, according on the robotics applications, soft robotics can be separated into robot grippers, medial robots, and similar robots.
MARKET SCOPE
The "Global Soft Robotics Market Analysis to 2028" is a specialized and in-depth study of the Soft robotics Market with a special focus on the global market trend analysis. The report aims to provide an overview of soft robotics market with detailed market segmentation by type and end-user. The global soft robotics market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading soft robotics market player and offers key trends and opportunities in the soft robotics market.
MARKET SEGMENTATION
- Based on type the market is segmented as, soft grippers, co-robots, inflated robots, exoskeleton, others.
- On the basis of end-user the market is segmented as, food processing, medical and healthcare, logistics, others.
MARKET DYNAMICS
Drivers
- Rising applications of soft robotics across industry verticals.
- Rapid development of smart infrastructure in the healthcare sectors.
- Surge in the adoption of IoT and AI-based technologies in the logistics and retail industries.
- Other factors driving the global soft robotics market growth include increased industrialization and automation, as well as an increase in the number of exoskeleton inventions.
Restraints
- The soft robotics market is restrained by high cost of such robots and less penetration of such technologies in low income and some developing nations.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global soft robotics market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soft robotics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting soft robotics Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the soft robotics market in these regions.
IMPACT OF COVID-19 ON SOFT ROBOTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the soft robotics market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from soft robotics market are anticipated to lucrative growth opportunities in the future with the rising demand for soft robotics market. Below mentioned is the list of few companies engaged in the soft robotics market.
The report also includes the profiles of key soft robotics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Universal Robots
- Cyberdyne Inc.
- Ekso Bionics.
- KUKA AG
- RightHand Robotics Inc.
- ReWalk Robotics Ltd.
- FANUC
- Soft Robotics Inc.
- Yaskawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.