What is Soft Robotic Technology Market Scope?
Soft robotic technology includes soft grippers, wearable robots, edible robots, inflatable robots, etc which are largely developed from soft material. The soft robotic are soft, flexible, and compliant resembling the biological organisms as it is made using soft material for safe human interaction which is widely used in the medical, rehabilitation, education & research, etc applications. This technology gives safety as soft robots do not have sharp edges as its counterparts which can harm humans. The market is expected to rise during teh forecasted period with the continuous research and development in automating and robotics along with rapid advancements in artificial intelligence technology.
The Soft Robotic Technology market study is being classified by Type (Soft Grippers, Wearable Robots, Co-robots, Inflated Robots, Edible Robots and Others), by Application (Medical and Surgical, Locomotion and Exploration, Rehabilitation and Wearable Device, Human-machine Interaction and Others) and major geographies with country level break-up.
Soft Robotics Inc. (United States), Ekso Bionics Holdings Inc (United States), Teradyne, Inc., (Universal Robots) (United States), RightHand Robotics, Inc. (United States), ABB (Switzerland), AUBO Robotics (United States), FANUC (Japan), Stryker Corporation (United States) and qbrobotics (Italy) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Soft Robotic Technology market by Type, Application and Region.
On the basis of geography, the market of Soft Robotic Technology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 3rd March 2020, RightHand Robotics (RHR), a leader in providing autonomous robotic picking solutions, announced the company’s global expansion in Europe with the establishment of a sales and business development office in Frankfurt, Germany. With multiple customers and partners based in Europe, RHR’s German operation will strengthen the company’s business and enable them to further expand their presence as the market grows and their customer base deepens in the region.
On 4th March 2020, Soft Robotics Inc. announced the SuperPick Polybag Picking System, which it said is the first system specifically designed to handle product returns. It is intended to enable e-commerce operations to automate the handling, scanning, and loading of outbound orders and returns of polybagged items. and On 25th February 2020, Ekso Bionics Holdings, Inc. a leading developer of exoskeletons for medical and industrial use, announced a collaboration with Kindred Healthcare, LLC to pilot EksoNR— the most clinically used robotic exoskeleton, in their long-term acute care hospitals.
Influencing Market Trend
- Flourishing Artificial Intelligence and Machine Learning Industry
- Increasing Consumption of Soft Grippers Robotic Technology
- Growing Robotics and Automation Industry Worldwide
- Demand for Safe for Human Interaction Robotic Technology in Various Industry
- Continuous Research and Development in the Soft Robotic Technology
- Surging Government Investment in the Soft Robotic Technology
- Major Hindrances of Job Reduction Due to the Soft Robotic Technology
- Stiff Competition in the Soft Robotic Technology Market
Key Target AudienceSoft Robotic Technology Providers, Soft Robotic Technology Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
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