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Soft Robotics Market Trends

  • Report ID: GMI10388
  • Published Date: Jul 2024
  • Report Format: PDF

Soft Robotics Market Trends

The soft robotics industry is experiencing significant trends, driven by advancements in Artificial Intelligence (AI) and Machine Learning (ML). These technologies are enabling soft robots to enhance their adaptability and autonomy, allowing them to perform complex tasks in dynamic environments. Industries, such as manufacturing, healthcare, and agriculture, are increasingly adopting soft robotics to improve efficiency & safety in operations. Additionally, the integration of soft robotics with IoT devices is fostering smarter & more interconnected systems. As these trends continue to evolve, the market is poised for substantial growth and innovations.
 

For instance, in October 2022, ABB invested in Scalable Robotics to strengthen its portfolio of user-friendly welding systems. This investment aimed to integrate Scalable Robotics' innovative technology into ABB's offerings, enhancing the efficiency and accessibility of robotic welding solutions. By focusing on user-friendly designs, ABB intended to make advanced welding automation more approachable for manufacturers of all sizes. This strategy underscored ABB's commitment to advancing automation technology and expanding its capabilities in the robotics sector.
 

Recent developments in material science are also shaping the Soft Robotics landscape owing to the introduction of new flexible materials and fabrication techniques. Innovations, such as 3D printing and bio-inspired designs, are enabling the creation of more efficient & responsive soft robots. These advancements are expanding the range of applications, particularly in delicate tasks such as food handling and medical assistance. Moreover, increased investments & research funding in soft robotics are fostering collaborations between academia and industry. This collaborative environment is driving the rapid progression of soft robotics technologies and their market adoption.

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The industry size for soft robotics was valued at USD 1,523 million in 2023 and is anticipated to witness over 30% CAGR between 2024 and 2032 due to the growing demand for automation across various industries to enhance efficiency, reduce labor costs, and improve safety in.

The food & beverage application segment in the soft robotics market is set to witness over 35% CAGR between 2024 and 2032 owing to increasing usage for rehabilitation, surgery, and assistive devices.

North America market held over 33% share in 2023, driven by advancements in technology and strong investments in R&D activities.

Soft Robotics Inc., Festo AG, Ekso Bionics Holdings, Inc., and ReWalk Robotics.

Soft Robotics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 528
  • Countries covered: 21
  • Pages: 270
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