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The global soft robotics market attained a value of about USD 2,580.35 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 34.9% to reach about USD 38,173.02 million by 2032.
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The soft robotics industry is being driven by the new possibilities offered by these robots against rigid robotic technology and the need to evolve human-friendly machinery. Soft robots are versatile in nature, in opposition to the traditional, metallic robots, which are rigid, thus, providing lucrative future growth prospects for the market. As soft robots are made from flexible and soft materials, including nanomaterials, they can perform biological functions as that of human muscles. This characteristic of soft robots is expected to pave their adoption in a variety of applications, including medical, industrial, and locomotive, thus, boosting the market growth. Developments in soft robotics technology are expected to introduce robots, which will be able to lift heavy products, will have to ability to heal themselves, and have the climb to significant heights. Such specifications, when integrated with human-like flexibility, is anticipated to provide further momentum to the market growth, especially due to their growing use in construction and related activities.
Soft robots derive their flexibility from squishy materials like polymers, gels, and fluids. These soft materials allow the robots to bend and turn with high curvatures, allowing them to navigate through closed spaces, making them helpful in disaster scenarios like earthquakes or fires, thereby driving the market growth of soft robotics by propelling their adoption during emergency situations. Since soft robots handle the environment with delicacy, their growing applicability in sensitive environmental locations like the coral reefs or in snow-covered land is expected to further invigorate the market growth of soft robotics.
Soft robotics are a sub-division of robotics, with soft robots being made from flexible materials like polymers, gels, and fluids. They have excellent flexibility, which allows them to adapt to their environment and change their shape, if needed. They are a form of biomimicry as soft robots are sophisticated models that imitate humans, animals, and plant lives, in addition to their mechanical functions.
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On the basis of application, the market is segmented into:
The EMR report looks into the regional markets of soft robotics like North America, Europe, Latin America, the Asia Pacific and the Middle East and Africa.
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The growing demand for soft robots in medical and surgical applications is expected to drive the market growth in the coming years. Amidst the COVID-19 pandemic, the requirement for devices that eliminate human involvement has been significantly rising, thus, it is further projected to catalyse the soft robotics industry growth. The rising demand for minimally invasive surgeries (MIS) is also anticipated to drive the market growth. Additionally, research projects in the healthcare sector may lead to new manufacturing techniques, which can develop disposable, patient-specific, low cost, and rapidly manufactured devices for MIS, providing lucrative growth prospects for the soft robotics industry. The ability of soft robots to interact with humans, building on their ability to deal with unstructured environments and compliance with human tissue, is expected to provide further impetus to the market growth. Technological growth has also made possible the increased use of magnetically navigable and vacuum-powered endoscopic single-site soft robots. This is expected to further invigorate the market growth in the coming years.
The easy availability of soft, compliant materials for soft robots that are economical and easy to handle are further expected to add to the market growth of soft robotics. The added advantage of being cost friendly as compared to traditional robots is also expected to propel their adoption, thus, aiding the market growth. Thus, soft robots are projected to be widely available in a multitude of medical services in coming years, as a result, driving the market growth. Advancements in biotechnology have introduced these robots in dental application as the conventional bulky machinery is being gradually replaced with soft bracing machines. The growing popularity of soft robots in dentistry is broadening due to their compact structure and cost-effectiveness, hence, providing further future growth prospects to the market.
The report presents a detailed analysis of the following key players in the global soft robotics market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions.
The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market attained a value of nearly USD 2,580.35 million.
The market is projected to grow at a CAGR of 34.9% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 38,173.02 million by 2032.
The major market drivers are the versatility offered by soft robotics, developments in soft robotics technology, and the rising use of soft robotics in construction activities.
The growing adoption of soft robotic technology in medical and surgical use and the easy availability of soft and compliant materials for soft robots are the key trends propelling the market growth.
The major regional markets for soft robotics are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The significant applications of soft robotics are human-machine interface and interaction, locomotion and exploration, manipulation, medical and surgical applications, and rehabilitation and wearable robots.
The major players in the market are Ekso Bionics Holdings Inc., ReWalk Robotics Ltd., Soft Robotics Inc., Righthand Robotics, Inc., BioServo Technologies AB, and Pneubotics Inc, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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