Soft Robotics Market Expected to Reach at High Pace by 2025 | Know COVID-19 Analysis | Top Companies- Kawada Robotics Corporation, F&P Robotics AG, etc.

Market Research Future (MRFR), in its latest report on the global Soft Robotics market 2020, reveals different aspects of the market and potential forces that can impact the market dynamics. The influence of COVID 19 outbreak on the market is also revealed in the report. As per MRFR data the global soft robotics market is expected to exhibit a solid 40.62% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global soft robotics market was valued at USD 300.5 million in 2018 and is expected to rise in valuation to USD 2.3 billion by 2024, according to the report.

Foremost drivers and restraints operating on the global soft robotics market are examined in the report. The impact of these major drivers and restraints on the global soft robotics market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global soft robotics market are also profiled in the research report. The competitive landscape of the global soft robotics market is thus examined in detail in the report.

Soft robotics is the field of producing robots made from compliant, deformable matter such as gels, elastomers, and fluids. The elastic properties of soft robotic implements allow them to adapt to various shapes and perform a broader range of tasks than conventional robots. Soft robotics is derived from studying the movements of living creatures, specifically how living creatures move and adapt to their surroundings. This makes soft robotic devices safer around humans, which has been a major driver for the global soft robotics market over the last few years. The growing demand for soft robotics in the manufacturing sector is likely to be a major driver for the global soft robotics market over the forecast period.

Competitive Leader board:
Leading players in the global soft robotics market include Kawada Robotics Corporation, F&P Robotics AG, Ekso Bionics Holdings Inc., Soft Robotics Inc., RightHand Robotics Inc., ReWalk Robotics Ltd., Rethink Robotics, Kawasaki, Yaskawa Electric Corporation, AUBO Robotics Inc., Kuka AG, ABB Ltd., Techman Robot, Fanuc Corporation, and Universal Robots A/S.

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The healthcare sector is also likely to be a major consumer of soft robotics over the forecast period. Healthcare applications of soft robotics include wearable robots that allow automation of bodily processes. This is particularly helpful for people who have lost the use of limbs, as robotic implements can replace limbs and provide comparable motion to the users. The growing adoption of robotics technology in the healthcare sector is likely to be a major driver for the global soft robotics market over the forecast period.

Segmentation:
Market Segmented By type, the global soft robotics market is segmented into soft grippers, co-robots, inflated robots, wearable robots, edible robots, and others.

Market Segmented By application, the global soft robotics market is segmented into medical and healthcare, food and beverages, logistics, entertainment and gaming, automotive, survey and exploration, and others.

Regional Analysis:
North America is likely to be the major regional market over the forecast period due to the strong presence of leading market players in the region and the easy availability of advanced technology and expertise in the robotics sector.

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TABLE OF CONTENTS:
1. Market Introduction
2. Research Methodology
3. Market Dynamics
4. Executive Summary
5. Market Factor Analysis
6. Soft Robotics Market, By Segments
7. Competitive Analysis
Continued…

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This release was published on openPR.