Press release
SOFT ROBOTS MARKET ON TRACK FOR EXPONENTIAL GROWTH BY 2030 | SOFT ROBOTICS INC., FANUC, ABB LTD, FESTO AG
SOFT ROBOTS MARKET ON TRACK FOR EXPONENTIAL GROWTH BY 2030
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What is the anticipated market size in 2030, along with the major drivers, restraints, and opportunities?
According to the in-depth market study, the global soft robots market is anticipated to reach a value of USD 10,906.6 Million by 2030 expanding at a CAGR of 38.2% between 2023 and 2030. The soft robots market has been experiencing shifts due to rising need for automation and human safety in manufacturing facilities, capital investment in robots, and increased demand in healthcare. High cost associated with soft robots is hampering the market growth. Opportunities lie in innovation and expanding industrial applications, but challenges include limited durability, and control complexity impacting production.
How does AI impact the global soft robots market?
AI impacts the global soft robots market by enhancing the capabilities of soft robots, optimizing soft materials, precise manipulation, and personalizing customer experiences. AI-driven technologies improve production efficiency, ensuring quality and consistency. Soft robots are bringing in automation and are increasing efficiency levels across several manufacturing processes. Integration of AI technologies such as machine learning algorithms for the development of advanced control systems for soft robots. Advanced analytics enable market forecasting, aiding in demand planning. While AI streamlines operations and boosts innovation, challenges include developing costs of soft robots, and the limited durability. Overall, AI integration positively transforms the soft robots market, aligning with modern industry trends.
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Scope of the Report:
► Executive Summary
► Demand and Supply-side Trends
► Market Drivers, Restraints, Opportunities and Challenges
► Value Chain Analysis
► Porter's Five Forces Analysis
► Industry SWOT Analysis
► COVID-19 Impact Assessment
► PESTLE Analysis
► Global Market Size and Forecast
► Regional Market Size and Forecast (Cross-country Analysis)
► Competition Landscape
► Company Profiles
Soft Robots Market Size and Forecast:
The report will comprehensively detail the soft robots market size and forecast (2023-2030), presenting key metrics for strategic insights. We will analyze market revenue, quantifying total income from soft robots sales, and provide volume insights into product circulation. The report will delineate market share, highlighting competitive landscapes. Year-on-Year growth analysis will track annual percentage changes, offering trend insights. Additionally, the Compound Annual Growth Rate (CAGR) will be presented, providing a smoothed growth rate for a more consistent assessment of the market's expansion over the forecast period.
Which region holds the largest market share, and where does the major opportunity lie in the future?
The global soft robots market exhibits regional nuances driven by rising need for automation and human safety in manufacturing facilities. In North America, a demand surge for advanced robotics technologies, and growing adoption of soft robots in healthcare and manufacturing industry. Europe embraces strong emphasis on automation and safety regulations, while Asia-Pacific witnesses increasing market traction with a rapid growth of the automotive and healthcare, and life sciences industry. In the Middle East, a preference for soft robots fuels market growth. Regional dynamics underscore the importance of catering to diverse tastes and preferences, shaping the evolving landscape of the global soft robots market. In Latin America, the market sees opportunities for growth with a rising inclination toward customized and sustainable bedding solutions, emphasizing the significance of adapting to distinct regional trends in the global soft robots market.
Competition Landscape
The global soft robots market is highly competitive, characterized by the presence of established players striving for market dominance. Key competitors focus on product innovation, quality, and strategic partnerships to gain a competitive edge. Diverse offerings, ranging from traditional to technologically advanced soft robots, contribute to market dynamism. The competition landscape is shaped by a blend of large industry incumbents and emerging players, all vying for consumer attention and market share in this essential bedding segment. Below are some of the leading players operating in the market:
>> Soft Robotics Inc.
>> Ekso Bionics Holdings Inc.
>> Fanuc Corporation
>> ReWalk Robotics Ltd.
>> Yaskawa Motoman
>> RightHand Robotics, Inc.
>> ABB Ltd.
>> Festo AG
>> KUKA AG
>> Cyberdyne Inc.
>> Mitsubishi Electric Corporation
>> Universal Robots
>> Roam Robotics
>> F&P Robotics AG
Comprehensive Market Segmentation:
∆ By Type (Soft Grippers, Cobots, Inflated Robots, Wearable Robots, and Edible Robots)
∆ By Component (Hardware, and Software)
∆ By End-user (Healthcare, Food & Beverages, Logistics, Automotive, and Others)
Market Segmentation by Geography including:
∆ North America: U.S., Canada and Mexico
∆ Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
∆ Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
∆ South America: Brazil, Argentina, and Rest of Latin America
∆ Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa
Frequently Asked Questions (FAQs):
► What is the current market scenario?
► What was the historical demand scenario, and forecast outlook from 2023 to 2030?
► What are the key market dynamics influencing growth in the Global Soft Robots Market?
► Who are the prominent players in the Global Soft Robots Market?
► What is the consumer perspective in the Global Soft Robots Market?
► What are the key demand-side and supply-side trends in the Global Soft Robots Market?
► What are the largest and the fastest growing geographies?
► Which segment dominated and which segment is expected to grow fastest?
► What was the COVID-19 impact on the Global Soft Robots Market?
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Related Reports:
https://www.congruencemarketinsights.com/report/household-robots-market
https://www.congruencemarketinsights.com/report/3d-cameras-for-autonomous-mobile-robots-(amr)-market
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Ms. Shalaka Dubey
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Congruence Market Insights
Palo Alto, CA 94301, United States
Phone: +1 650-646-2623
Email: sales@congruencemarketinsights.com
About Us:
Congruence Market Insights is a leading market research firm dedicated to providing in-depth analysis and strategic solutions for businesses across diverse industries. With a focus on delivering actionable insights, we offer comprehensive market intelligence, trend analysis, and forecasting to empower informed decision-making. We have built a reputation for delivering practical insights and genuine reports across diverse sectors such as aerospace and defense, agriculture, building and construction, food and beverages, automotive, chemicals and materials, healthcare and pharmaceuticals covering an extensive array of both primary and niche sub-domains. Our expertise lies in uncovering market trends, consumer behavior, and competitive landscapes, enabling our clients to stay ahead in an ever-evolving business landscape.
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