Market Research Report
Soft Robotics Market by Type, Component, and End User : Opportunity Analysis and Industry Forecast, 2020-2027
|Soft Robotics Market by Type, Component, and End User : Opportunity Analysis and Industry Forecast, 2020-2027|
Published: April 1, 2021
Allied Market Research
Content info: 220 Pages
Delivery time: 2-3 business days
The global soft robotics market size was valued at $573.8 million in 2019, and is projected to reach $3.41 billion by 2027, registering a CAGR of 30.7% from 2020 to 2027. Soft robotics is the latest technology used across healthcare, logistic, and food & beverage industries. These robots provide the user consistency and flexible productivity. So, the user can handle products of different shape and sizes with more perfection.
The surge in the innovation of next-generation healthcare technology is one of the key drivers for the growth of the soft robotics market. Moreover, the enhancement of resilient supply chains across logistic and food & beverage industries. However, the high cost of soft robotics products in developing countries is a major hurdle for early adoption. Further, innovation in soft robotics for small and medium-sized companies is expected to provide lucrative opportunities for the global soft robotics industry during the forecast period.
The smart thermostat market is analyzed by type, components, and end user. On the basis of type, the market is fragmented into soft grippers, cobots, inflated robots, and exoskeleton. On the basis of components, the market is segregated into hardware and software. By end user, the market is divided into healthcare, advanced manufacturing, food & beverage, logistics, and others.
The key players operating in the Bioservo Technologies AB, Cyberdyne Inc., Ekso Bionics Holdings, Inc., F&P Robotics AG, Festo AG, Rewalk Robotics Ltd., Righthanf Robotics Inc., Roam Robotics, Soft Robotics Inc., and Yaskawa Electric Corporation.
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