Soft Robotics Market expected to reach $5,776.59 million by 2026 with CAGR of 38.5% | ABB, Bionik Laboratories, Cyberdyne, Ekso Bionics Holdings, Empire Robotics, FANUC America
The Global Soft Robotics Market is accounted for $308.05 million in 2017 and is expected to reach $5,776.59 million by 2026 growing at a CAGR of 38.5% during the forecast period. Some of the key factors influencing the market growth include increasing usage of medical and health care industry and the need for human safety in manufacturing units. However, the high cost of installation is restricting market growth.
Leading Soft Robotics Market Players: ABB, Bionik Laboratories, Cyberdyne, Ekso Bionics Holdings, Empire Robotics, FANUC America Corporation, KUKA AG, Otherlab Orthotics, Pneubotics, Inc., ReWalk Robotics, RightHand Robotics, Inc., Soft Robotics Inc, SynTouch LLC, and Yaskawa Electric.
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Soft Robotics is the exact subfield of robotics commerce with constructing robots from extremely acquiescent equipment, similar to those established in alive organisms. It draws heavily from the way in which living organisms move and adapt to their surroundings. Indifference to robots built from rigid equipment, soft robots allow for increased suppleness and adaptability for accomplishing tasks, as well as improved safety when working around humans.
Among Robot Type, Wearables (Exoskeletons) segment is expected to grow at the significant market share during the forecast period. The exoskeletons have been commercialized and the market diffusion is comparatively better compared to the soft grippers and soft co-robots. This is due to the concentrated research in the medical devices sector owing to the need for human assistance.
By Geography, Asia Pacific was the leading market and is expected to grow at the considerable market share during the forecast period due to increasing demand for latest technology and equipment such as the use of treatment robots, including exoskeletons, in private and public hospitals are expected to impact the market growth.
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Robot Types Covered:
– Co-Robots
– Inflated Robots
– Soft Grippers
– Wearables (Exoskeletons)
Applications Covered:
– Human Motor Assistance
– R&D of Humanoids
End Users Covered:
– Automotive
– Food and Beverages
– Logistics
– Medical and Healthcare
– Other End Users
Regions Covered:
– North America
– Europe
– Asia Pacific
– South America
– Middle East & Africa
Table of Contents
1 Executive Summary
2 Preface
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Soft Robotics Market, By Robot Type
6 Global Soft Robotics Market, By Application
7 Global Soft Robotics Market, By End User
8 Global Soft Robotics Market, By Geography
9 Key Developments
10 Company Profiling
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