Global Soft Robotics Market Overview:
Soft Robotics is a delicate mechanical technology that draws most motivation from nature. Soft Robotics is a planned subfield of robotics that offers a reprogrammable, multi-useful, and adaptable framework wisely connecting to the detecting actions and activity. Further, soft robotics vendors develop materials, segments, and dynamic designs such that they can securely identify with the assembling cycle and adjust to their nearby climate better than the robots made of hard parts. Soft robotics include wearable soft robots, prosthetic limbs, and origami muscle robots which remove the mechanical complexity and algorithmic designs related to robotics. This robotics is presently spread across the retail, food & beverages, logistics sector to innovate the new advancement in the supply chain. The future of soft robotics is very bright and research and development in the field are going on.
- Increase in the development of AI-based technologies adoption
- Increase in industrialization in the automation sector
- High cost of soft robotics in developing countries
- High cost of maintenance and managing technology-related concerns
- Innovation of robotic in small and medium-sized companies and industrial sectors
- Development of robotic related infrastructure in emerging countries
- Development of cost-efficient technology advancement in soft robotics
- Minimizing privacy and security risk
The leading organization in the market has seen huge investment in the technical front and thus they are venturing and partnering with the other companies in order to avail competitive advantage. Also, new entrants are emerging in the market and developing new solutions in soft robotics.
Some of the key players profiled in the report are Bioservo Technologies AB (Sweden), Cyberdyne Inc. (Japan), Ekso Bionics Holdings, Inc. (United States), F&P Robotics AG (Switzerland), Festo AG (Germany), ReWalk Robotics Ltd (Israel), RightHand Robotics Inc. (United States), Roam Robotics (United States), Soft Robotics Inc. (United States) and Yaskawa Electric Corporation (Japan). Additionally, following companies can also be profiled that are part of our coverage like ABB (United States), Universal Robots (Europe), KUKA AG (Germany), FANUC (Japan), Rockwell Automation (United States), KION Group (Germany) and Seiko Epson (Japan). Analyst at AMA Research see United States Players to retain maximum share of Global Soft Robotics market by 2026. Considering Market by By Component, the sub-segment i.e. Hardware will boost the Soft Robotics market.
On 22 April 202, Soft Robotics announced that JMP Solutions has joined its Preferred System Integrator program. This partnership will assist to expand robotic adoption in the food sector enabled by Soft Robotics' unique food-grade soft gripping, 3D vision, and AI technologies. Also, partnership with Soft Robotics has helped to expand the path of working collaboratively with customers and designing innovative robotic. and In Jan 2019, Soft Robotics Inc. launched mGrip, the company’s first on-demand, and modular automation system which enables the rapid proliferation of soft robotics, and allows users to leverage the company’s technology to build, validate, and install production-ready systems quickly.
What Can be Explored with the Soft Robotics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Soft Robotics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Soft Robotics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Soft Robotics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Soft Robotics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Robotic Research Institutions, IT and Telecommunication Sector, Supply Chain Industry, Government Research Institutions, Manufacturing Industry and Technology Manufacturing Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Soft Robotics Market?
The Soft Robotics market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Soft Robotics Market?
Top performing companies in the Global Soft Robotics market are Bioservo Technologies AB (Sweden), Cyberdyne Inc. (Japan), Ekso Bionics Holdings, Inc. (United States), F&P Robotics AG (Switzerland), Festo AG (Germany), ReWalk Robotics Ltd (Israel), RightHand Robotics Inc. (United States), Roam Robotics (United States), Soft Robotics Inc. (United States) and Yaskawa Electric Corporation (Japan), to name a few.
3. What trending factors would impact Soft Robotics Market growth most?
"Growing adoption of robotics technology in the supply chain industry
" is seen as one of major influencing trends for Soft Robotics Market during projected period 2020-2026.