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Soft Robotics market was valued at US$ 769.8 million in 2022 and is anticipated to reach US$ 11930 million by 2029, witnessing a CAGR of 57.9% - Valuates Reports
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Soft robotics is the specific sub-field of robotics dealing with constructing robots from highly compliant materials, similar to those found in living organisms.
Soft robotics draws heavily from the way in which living organisms move and adapt to their surroundings. In contrast to robots built from rigid materials, soft robots allow for increased flexibility and adaptability for accomplishing tasks, as well as improved safety when working around humans. These characteristics allow for its potential use in the fields of medicine and manufacturing.
The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Leading manufacturers of soft robotics worldwide include Cyberdyne, Soft Robotics, Ekso Bionics Holdings, ReWalk Robotics, RightHand Robotics, Parker Hannifin, SRT, Myomo, Bionik Laboratories and Panasonic. The world's Top 5 soft robot manufacturers accounted for 40% of the market share. North America is the largest market, with a share about 35%, followed by Europe and Asia Pacific with the share about 33% and 27%.
This report aims to provide a comprehensive presentation of the global market for Soft Robotics, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Soft Robotics.
The Soft Robotics market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Soft Robotics market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Soft Robotics companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
Segment by Type
Soft Gripper
Inflatable Robots
Exoskeletons
Segment by Application
Medical & Healthcare
Food
Logistics
3C
Others
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