Press release
Soft Robotics Market Size, Share, Trends, Growth And Industry Forecast 2024-2033
Soft Robotics Market Size
According to The Business Research Company's, The soft robotics market size has grown exponentially in recent years. It will grow from $1.46 billion in 2023 to $1.84 billion in 2024 at a compound annual growth rate (CAGR) of 25.7%. The growth in the historic period can be attributed to increased application in medical robotics, versatility in gripping and manipulation, interest from defense and military sectors, consumer electronics and wearable robotics, automation in agriculture.
The soft robotics market size is expected to see exponential growth in the next few years. It will grow to $4.53 billion in 2028 at a compound annual growth rate (CAGR) of 25.3%. The growth in the forecast period can be attributed to expansion in the food and beverage industry, environmental monitoring and exploration, global health and safety concerns, standardization and commercialization, customization for specific applications. Major trends in the forecast period include bio-inspired design and biomimicry, soft sensors and feedback systems, integration of artificial intelligence (ai) , soft exoskeletons for human augmentation, collaborative robots (cobots).
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/soft-robotics-global-market-report
Market Drivers and Trends:
The expansion of large-scale energy storage technologies is expected to propel the growth of the vanadium market going forward. Energy storage technologies are systems that store energy for later use to smooth out fluctuations in energy supply and demand, to provide backup power during outages and to store energy for transportation or other applications. Vanadium is used in energy storage technologies like vanadium redox flow batteries (VRFBs) and enables storing and releasing large amounts of energy over long periods. For instance, in July 2023, according to a report published by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, total installed grid-scale battery storage capacity stood at close to 28 GW at the end of 2022 and installations increased by more than 75% over 2021, with roughly 11 GW of storage capacity installed. Furthermore, the installed grid-scale battery capacity for storage is predicted to expand 35-fold, almost 970 GW, between 2022 and 2030. Therefore, developing large-scale energy storage technologies will drive the vanadium market.
Major companies operating in the soft robotics market focus on developing innovative technology, such as soft robotic hand rehabilitation gloves with soft exoskeleton technology, to provide reliable customer service. Soft robotic hand rehabilitation gloves with soft exoskeleton technology are customized wearables to help people with hand impairments recover and rehabilitate. For instance, in November 2022, Siyi Intelligence, a China-based medical equipment manufacturing company, launched HRC12, a new generation of SYREBO soft robotic hand rehabilitation gloves with the recent advances in soft exoskeleton technology and usability and accessibility. The newly introduced HRC12 has enhanced training modes such as fine motor training, stretching mode, pinch training, and more realistic training programs, setting the trend for bringing specialized rehabilitation services into the house.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/Customise?id=13160&type=smp
Major Key Players of the Market:
Asea Brown Boveri Ltd., Fanuc Corporation, Yaskawa Electric Corporation, Festo Group, Ocado Group plc, QinetiQ Group plc., Ottobock SE & Co KGaA, SRI International Inc., Universal Robots, Piab Group Holding, SoftWear Automation Inc., Doosan Robotics Inc., Disney Research, Ekso Bionics Holdings Inc., Innophys Co. Ltd., Shadow Robot Company Limited, ReWalk Robotics Inc., Artimus Robotics Inc., Octopus Robotics Incorporated, Rethink Robotics Inc., Robotnik Automation SLL, Schunk GmbH, Roam Robotics Inc., ULC Robotics Inc., RightHand Robotics Inc., Soft Robotics Inc., Tactile Robotics Ltd., Bristol Robotics Laboratory Limited, New Scale Robotics Inc., Southie Autonomy
Soft Robotics Market 2024 Key Insights:
• The soft robotics market is expected to grow to $4.53 billion in 2028 at a compound annual growth rate (CAGR) of 25.3%.
• The Internet Of Things (IOT) Drives Explosive Growth In The Soft Robotics Market
• Advancing Soft Exoskeleton Technology For Enhanced Customer Service
• Asia-Pacific was the largest region in the soft robotics market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=13160&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soft Robotics Market Size, Share, Trends, Growth And Industry Forecast 2024-2033 here
News-ID: 3671827 • Views: …
More Releases from The Business research company
Rising Incidence of Dental Disorders Sparks Growth in the Tooth-Filling Material …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Tooth Filling Materials Market Through 2025?
In the past few years, the market size for tooth filling materials has experienced robust growth. Projected to rise from $1.82 billion in 2024 to $1.92 billion in 2025, it's set to journey at a compound…
2025-2034 Stress Tests Equipment Market Outlook: Key Drivers, Emerging Challenge …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Stress Tests Equipment Industry Market Size Be by 2025?
In recent years, the market for stress test equipment has seen robust growth. From a value of $2.99 billion in 2024, it is projected to increase to $3.19 billion in 2025, reflecting a compound annual growth rate…
2025 Positron Emission Tomography (PET) Scanners Industry Trends Report: Long-Te …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Positron Emission Tomography (PET) Scanners Market Size By 2025?
The market size for positron emission tomography (pet) scanners has been witnessing a steady increment in the past years. The market is expected to escalate from $1.51 billion in 2024 to $1.58 billion in 2025, registering…
Strategic Forecast for the Ostomy Devices Industry: Market Outlook 2025-2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Ostomy Devices Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the ostomy devices market has been consistently expanding. Projections show an increase from $2.8 billion in 2024 to $2.9 billion in 2025, maintaining a compound annual growth rate (CAGR) of 3.9%. The significant…
More Releases for Robot
Major Market Shift in Robot Kitchen Industry: Robot-Operated Or AI-Powered Resta …
What Is the Forecasted Market Size and Growth Rate for the Robot Kitchen Market?
The robot kitchen market has grown strongly in recent years. It is projected to grow from $3.35 billion in 2024 to $3.66 billion in 2025, at a CAGR of 9.3%. The growth is driven by automation and efficiency, rising labor costs, consumer demand for convenience, innovation and competition, and the emphasis on food safety and hygiene.
The robot…
AI Robot Toy Market Likely to Enjoy Massive Growth (2024-2029)ROYBI AI Robot , D …
According to HTF Market Intelligence, the Global AI Robot Toy market to witness a CAGR of 17.8% during the forecast period (2024-2029). The Latest Released AI Robot Toy Market Research assesses the future growth potential of the AI Robot Toy market and provides information and useful statistics on market structure and size.
This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify…
Six-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global six-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the six-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
Four-Axis Robot Controllers Market | ABB, Alfa Robot, Arburg, Engel
The global four-axis robot controllers market report is a comprehensive report that provides a detailed analysis of the current status and future trends of the four-axis robot controllers market worldwide. This report provides valuable information to industry stakeholders by offering an in-depth perspective on market dynamics, competitive landscape, growth opportunities, and key challenges faced by industry participants.
From the perspective of market dynamics, this report explores the factors driving the growth…
TPA Robot launches a new industrial linear robot
The single axis robot KK Series, developed by TPA ROBOT, uses partially hardened U-shaped steel base track to significantly increase the robot's strength and load capacity. Due to the different environments, we have three type of linear robot series, KSR, KNR and KFR, depending on the type of cover used.
For the return system between the track and the slider, the contact surface between the ball and the ball groove adopts…
Robot Battery Market 2023- 2028 Global Insights by Industry Volume, Opportunitie …
The Robot Battery Market research report gives consistent conveyance of the substance. Information gathered in the notification is from verified and reliable sources. Besides, the report additionally breaks down the forthcoming patterns and openings likely to propel the Robot Battery Market. Moreover, the Robot Battery Market provides creative strategies and plans that help market players to stay ahead of the competition. Besides, the Robot Battery Market research report likewise evaluates…
