Soft Robotics Market

Soft robotics technology is a subset of the robotics industry that focuses on soft and pliable robots. These robots can be used for manufacturing, healthcare, and environmental monitoring, among other applications. They are frequently less expensive and lighter than conventional robots, making them a good option for applications where space or weight are restricted.

The market for soft robotics is anticipated to increase at a CAGR of **% from $** million in 2018 to $** million in 2031. This growth can be linked to the growing use of soft robotic systems in a wide range of industrial settings, such as the production of cars, the processing of food and drinks, and healthcare.

During the forecast period, the Asia-Pacific soft robotics market is anticipated to expand at a CAGR of greater than XX%. The market is segmented by application, with the medical application segment estimated to be the largest, followed by the industrial application segment.

Manufacturing, warehousing, food and beverage, oil and gas, and healthcare are the primary application areas for soft robotics. In terms of market share, these are followed by transportation and logistics, aerospace and defense, and other industries. During the period 2018–2031, the Asia-Pacific region is anticipated to account for the largest share of the global market.

ABB Ltd., Autodesk, Inc. (ADSK), Daqing Jiaotong University, and The Robotics Institute at Carnegie Mellon University are market leaders.