In-Depth Examination of Segments, Industry Trends, and Key Players in the Soft Robotics Market

The soft robotics sector is on the brink of remarkable expansion, driven by technological innovations and increasing adoption across various industries. This emerging field is transforming automation and robotics applications, particularly where delicate handling and human interaction are essential. Let's explore the current market valuation, key players, evolving trends, and important segments shaping the future of soft robotics.

Anticipated Market Growth of the Soft Robotics Industry
The soft robotics market is forecasted to experience rapid growth, reaching a valuation of $7.22 billion by 2030. This reflects an impressive compound annual growth rate (CAGR) of 26.5%. Factors propelling this expansion include the rising number of minimally invasive surgical procedures, growing demand for rehabilitation robotics, the increasing use of automation in food handling processes, greater investments in human-centered robotics technologies, and the adoption of soft robotics in space exploration missions. Notable trends expected to influence the market during this period are the expanding use of soft grippers for handling fragile items, wider application of soft robots in surgeries, advancements in bio-inspired material development, a stronger emphasis on safe human-robot interaction, and the growth of wearable soft exoskeleton devices.

Download a free sample of the soft robotics market report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13160&type=smp&utm_source=OpenPR&utm_medium=Paid&utm_campaign=Feb_PR

Key Companies Leading the Soft Robotics Market Today
Several prominent organizations currently dominate the soft robotics landscape. These include Festo Group, Ottobock SE & Co KGaA, SRI International Inc., SoftWear Automation Inc., Disney Research, Ekso Bionics Holdings Inc., Innophys Co. Ltd., Shadow Robot Company Limited, ReWalk Robotics Inc., Artimus Robotics Inc., Octopus Robotics Incorporated, Schunk GmbH, Roam Robotics Inc., RightHand Robotics Inc., Soft Robotics Inc., Tactile Robotics Ltd., Bristol Robotics Laboratory Limited, New Scale Robotics Inc., Asea Brown Boveri Ltd., Fanuc Corporation, and Yaskawa Electric Corporation.

Strategic Acquisition to Strengthen Market Position
In August 2024, Schmalz Group, a German automation technology firm, acquired the soft-gripping product assets of Soft Robotics Inc., a U.S.-based company specializing in automated high-speed picking solutions. Though financial details of the acquisition were not disclosed, this move allows Schmalz to broaden its portfolio by incorporating soft-finger grippers, bolstering its presence in the expanding food handling and industrial automation sectors. Soft Robotics Inc. was known for providing soft robotic grippers combined with 3D machine vision and AI-driven automation technologies.

View the full soft robotics market report:
https://www.thebusinessresearchcompany.com/report/soft-robotics-global-market-report?utm_source=OpenPR&utm_medium=Paid&utm_campaign=Feb_PR

Technological Developments Steering the Soft Robotics Industry
Leading players in soft robotics are heavily investing in innovations like AI-enhanced vision systems and adaptive material-based soft gripper designs. These advancements address the increasing need for flexible automation that can handle delicate items without damage, which is crucial in industries such as food processing, packaging, electronics assembly, and collaborative human-robot workspaces. Soft grippers, typically made from flexible materials like elastomers or soft silicone and actuated pneumatically or electrically, conform to the shape of objects unlike traditional rigid grippers that require precise alignment and often risk damaging fragile or uniquely shaped products.

Example of Innovation Impacting the Market
For instance, in March 2023, Soft Robotics Inc. introduced mGripAI 2.0, a next-generation gripper platform that merges soft grippers with 3D machine vision and deep learning. This system efficiently handles mixed food items by combining compliant soft-finger technology with AI-powered vision to detect, pick, and sort delicate or irregular products at higher speeds. The technology enhances sorting throughput by approximately 28%, reduces bruising or damage to sensitive items, and allows for more adaptable automation without the need for manual programming tailored to each product variant. This launch exemplifies a broader industry trend toward intelligent and adaptive gripping solutions that meet hygiene standards, handle diverse products, and boost productivity.

Breakdown of Primary Soft Robotics Market Segments
The soft robotics market is categorized into several key segments:
1) By Type: Soft Grippers, Cobots, Inflated Robots, and Exoskeletons
2) By Component: Hardware and Software
3) By End User Industry: Healthcare, Advanced Manufacturing, Food and Beverages, Logistics, and Other Sectors

Further subcategories include:
- Soft Grippers: Adaptive Grippers, Suction-Based Grippers
- Cobots: Lightweight Cobots, Flexible Cobots
- Inflated Robots: Soft Inflatable Structures, Pneumatic Robots
- Exoskeletons: Wearable Exoskeletons, Robotic Exoskeletons for Rehabilitation

This detailed segmentation provides a comprehensive overview of the diverse applications and technology types driving growth in the soft robotics market.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at 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
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.