Soft Robotics Market Power of Anticipation: Preparing for the Future of Market Size Growth

According to a recent market research analysis, the global Soft Robotics Market is anticipated to grow at a fantastic annual growth rate of 33.8% between 2021 and 2031, reaching an astounding value of $18,154.9 million. The significant market growth can be ascribed to the rising need for more automation and safety across a variety of end-user industries. Furthermore, the market is anticipated to rise as a result of the quick development of robotic technology and the growing advantages offered by novel soft robotics solutions. Government initiatives that promote increased research and development (R&D) spending will also likely add to the market's increasing trend.

The market research study offers thorough insights into the global soft robotics market, covering important trends, development drivers, challenges, and opportunities that will define the landscape of the industry in the years to come. For industry stakeholders, investors, and decision-makers, the research provides a thorough examination of a number of end-user industries, including manufacturing, healthcare, food and beverage, and logistics, among others.

This detailed report was put together by industry Data Library, a top supplier of industry intelligence and analysis. In-depth primary and secondary research approaches are used in the study to guarantee the reliability and correctness of the data that is presented.

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Global soft robotics market will reach $18,154.9 million by 2031, growing by 33.8% annually over 2021-2031, driven by the mounting demand for safety and automation in numerous end-user industries, rapid advancements in robotic technology, increasing benefits from the novel soft robotics, and the growing R&D investments along with government supports.

Highlighted with 84 tables and 93 figures, this 175-page report “Global Soft Robotics Market 2021-2031 by Component (Hardware, Software, Services), Robot Type (Grippers, Exoskeletons, Cobots, Inflated Robots, Others), Mobility (Stationery, Mobile), Application, Industry Vertical, Organization Size, and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global soft robotics market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global soft robotics market in every aspect of the classification from perspectives of Component, Robot Type, Mobility, Application, Industry Vertical, Organization Size, and Region.

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Based on Component, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Hardware

o             Actuators

o             Sensors

o             Controls

o             Modeling and Manufacturing Systems

o             Other Hardware

• Software
• Services

Based on Robot Type, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Soft Robotic Grippers
• Exoskeletons
• Collaborative Robots (Cobots)
• Inflated Robots
• Other Robot Types

By Mobility, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Stationery Soft Robotics
• Mobile Soft Robotics

By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Human-machine Interface and Interaction
• Medical and Surgical Applications
• Locomotion and Exploration
• Manipulation
• Rehabilitation and Wearable Robots

By Industry Vertical, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• Healthcare
• Automotive
• Food & Beverage
• Advanced Manufacturing
• Retail & E-commerce
• Defense
• Other Industry Verticals

By Organization Size, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.

• SMEs
• Large Enterprises

Geographically, the following regions together with the listed national/local markets are fully investigated:

• North America (U.S., Canada, and Mexico)
• Europe (Germany, UK, France, Spain, Italy, Switzerland; Rest of Europe is further segmented into Russia, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (UAE，Saudi Arabia， South Africa and Rest of MEA)

For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Component, Robot Type and Industry Vertical over the forecast years are also included.

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The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

ABB Ltd.

Bioservo Technologies AB

Cyberdyne Inc.

Ekso Bionics Holdings Inc.

F&P Robotics AG

FANUC Corporation

Festo AG

Pneubotics Inc.

Rewalk Robotics Ltd.

Righthand Robotics Inc.

Roam Robotics

Soft Robotics Inc.

Universal Robots A/S

Yaskawa Electric Corporation

View Report Scope and Latest Developments in the Market:  https://www.marketwatch.com/press-release/soft-robotics-market-expected-to-reach-181549-million-by-2031-registering-an-impressive-cagr-of-338-market-research-report-2023-06-03?mod=search_headline

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