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Based on type, the market is divided into soft grippers, inflatable robots, exoskeletons, wearables, and others. The exoskeletons segment is expected to reach a value of over USD 5.12 billion by 2032.
Based on application, the soft robotics market is divided into medical & healthcare, food & beverage, logistics, automotive, agriculture, and other applications. The food & beverage segment is the fastest growing segment with a CAGR of over 35% between 2024 and 2032.
North America dominated the global soft robotics market in 2023, accounting for a share of over 33%. In North America, the market is experiencing robust growth driven by advancements in technology and strong investments in Research & Development (R&D). The region's focus on automation and robotics in manufacturing & healthcare sectors is fostering innovations & adoption of soft robotics. Major players and startups are collaborating with research institutions to develop cutting-edge solutions. The presence of a well-established robotics industry and favorable regulatory environment are further boosting market growth. Additionally, the increasing demand for assistive and rehabilitative robotics in healthcare is a significant trend in this region.
Europe is witnessing significant growth in the soft robotics industry, supported by government initiatives and funding for robotics R&D. The region's strong emphasis on industrial automation and Industry 4.0 is driving the adoption of soft robotics in manufacturing & logistics. European countries are also focusing on sustainable and eco-friendly robotics solutions, aligning with their environmental goals. Collaborations between academic institutions and industry players are leading to innovative applications in various sectors. The healthcare sector, in particular, is witnessing increased use of soft robotics for patient care and rehabilitation.
The Asia Pacific region is emerging as a major hub for the soft robotics market, driven by rapid industrialization and technological advancements. Countries such as China, Japan, and South Korea are investing heavily in robotics to enhance manufacturing efficiency and address labor shortages. The region's strong electronics & automotive industries are adopting soft robotics for precision tasks and automation. Additionally, the growing demand for healthcare solutions in countries with aging populations is boosting the adoption of soft robotics in medical applications. The agricultural sector is also leveraging soft robotics for tasks such as harvesting and crop monitoring.
For instance, in February 2024, OMRON Automation launched the TM S Series of collaborative robots (cobots) in India, featuring faster joints and enhanced safety features. These advanced cobots are designed to work alongside humans in various manufacturing environments, improving efficiency and productivity. The increased speed of the joints allows for quicker operations, while the expanded safety features ensure a safer working environment for human operators. This launch reflects OMRON's commitment to providing innovative automation solutions tailored to the needs of the Indian market, supporting businesses in their automation journeys.