Global Intelligent Soft Robotics Market is likely to grow at a CAGR of 37% in the forecast period of 2021-26

Soft Robots comprise matters that are easy to deform like, gels and fluids. Here, the softness of the robots can be both structural and inherent compliance.

According to the MarkNtel Advisors research report, "Global Intelligent Soft Robotics Market Analysis, 2021," the market is likely to grow at a CAGR of 37%% in the forecast period of 2021-26. It owes majorly to the rapidly increasing demand for robots in various end-user industries to enhance safety. Besides, to increase the operations and functioning of manufacturing units, the need for advanced automation is surging the demand for Intelligent Sift robotics exponentially.

These industries mainly cover sectors like e-commerce, food processing, etc. Furthermore, the massive investments by market players and governments for the research & development in various verticals are fuelling the growth of the Global Intelligent Soft Robotics Market in the forecast period.

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Key questions answered in the study
1. What are the current and future trends in the Global Intelligent Soft Robotics Market?
2. How has the industry been evolving in terms of geography and services adoption?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers & challenges for the Global Intelligent Soft Robotics Market?
5. What are the customer orientation, purchase behavior, and expectations from the Global Intelligent Soft Robotics Market service providers across various regions?

Impact of Covid-19 on the Global Intelligent Soft Robotics Market

The outbreak of the Covid-19 pandemic affected different kinds of industries across the world, where each sector was facing tremendous loss. On the other hand, the Global Intelligent Soft Robotics Market observed rapid growth and profits amidst the global crisis. The shortage of healthcare workers in the flooding cases of Covid-19 propelled the need for healthcare robotics across the world.
However, the only challenge faced by the Global Intelligent Soft Robotics Market was the unavailability of raw materials, delays in projects, and contractual obligations due to the imposition of restrictions on movement and shut down of manufacturing units.

Yet, with the gradual upliftment of restrictions, the manufacturing units restarted their functioning, abiding by the new government regulations, keeping in mind the sensitivity of the Covid-19 pandemic. In fact, to support the market growth, various governments supported the market with exponential funds. Therefore, the Global Intelligent Soft Robotics Market is likely to witness exponential growth in the forecast period.

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"Global Intelligent Soft Robotics Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Lighting as a Service (LaaS) providers across the globe. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Soft Surgical Robots to Dominate with the Largest Share

Amongst the End Users, the Global Intelligent Soft Robotics Market bifurcates into Healthcare (Prosthetics, Soft Surgical Robots), Logistics, Defense, Food & Beverage, Space. Of all, the Soft Surgical Robots of the Healthcare sector dominates the market with the largest share in the forecast period and is likely to continue their dominance in the forecast period. The primary factor supporting the growth is the advantage of soft robotics being compliant with the tissues of living organisms and can perform surgeries effectively. Besides, the Minimally Invasive Surgery (MIS) sector is adopting soft robotics for research, creating a huge potential for the market. Furthermore, the major advantage of smaller incision size, minimized infection rates, fewer complications, and shorter recovery times propelling the segment demand and leading toward attaining the largest share in the forecast years, reveals MarkNtel Advisors in their research report, "Global Intelligent Soft Robotics Market Analysis, 2021."

According to MarkNtel Advisors, the leading players in the Global Intelligent Soft Robotics Market are Universal Robots A/S, Techman Robot, ABB Ltd., FANUC Corporation, KUKA AG, Yaskawa Electric Corporation, AUBO Robotics Inc., Kawasaki, ReWalk Robotics Ltd, Rethink Robotics, RightHand Robotics Inc., Soft Robotics Inc., Inc., F&P Robotics AG, Ekso Bionics Holdings, and KAWADA Robotics Corporation

Market Segmentation:
1. By Type (Collaborative Robots (Co-Robots), Inflated Robots (Engine Inspection, Marine Inspection, Space Exploration, Radioactive Environment) Soft Grippers, Wearable, Others)
2. By End-User (Healthcare (Prosthetics, Soft Surgical Robots), Logistics, Defense, Food & Beverage, Space)
3. By Industry (Hardware (Actuators (PneuNets Bending Actuators, Fiber-Reinforced Actuators, Pneumatic Artificial Muscles, SDM Fingers, Dielectric Elastomer Actuators, Combustion-Driven Actuators, Multi-Module Variable Stiffness Manipulator, Tunable Segmented Soft Actuators, Hot Glue Kit, HPN Manipulator, Foam-Based Soft Actuators, Knit Textile Bending Actuators), (Sensors (EGaIn Sensors, TakkTile Sensors, Smart Braids, TacTip, Pneumatic Deformation Sensors, Contact Sensors), ((Controls (Control Board, SOFA Framework, Electro-Pneumatic Circuit, Modeling and Manufacturing Systems, Modeling, Modeling and Design Toll for Soft Pneumatic Actuators, SOFA Framework, Laser Cutting, 3D Printing, 3D Silicone Printer, Parametric Tool to Generate 3D Printable PneuNet Bending Actuator Molds, Miscellaneous), Software)
4. By Mobility (Stationary Soft Robots, Mobile Soft Robots)
5. By Region (North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa)
6. By Competitors (Universal Robots A/S, Techman Robot, ABB Ltd., FANUC Corporation, KUKA AG, Yaskawa Electric Corporation, AUBO Robotics Inc., Kawasaki, ReWalk Robotics Ltd, Rethink Robotics, RightHand Robotics Inc., Soft Robotics Inc., Inc., F&P Robotics AG, Ekso Bionics Holdings, and KAWADA Robotics Corporation)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.