The wearable soft robotics market report meticulously evaluates various scopes such as estimating the potential market for a new product, gauging consumer reactions to specific products, identifying overarching market tendencies, delineating customer profiles, and dissecting dimensions of marketing challenges. This comprehensive study caters to diverse market landscapes, tailoring solutions to meet client needs and unearth intricate market trends. A dedicated team comprising enthusiastic analysts, skilled researchers, and seasoned forecasters collaborates meticulously to craft these insightful market reports. Key data and information utilized in this wearable soft robotics market report is sourced from reliable outlets including journals, websites, research papers, case studies, and magazines.
This wearable soft robotics market report doesn't just offer market insights; it provides a panoramic view of the marketplace. Insights into competitor strategies, encompassing new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, serve as invaluable tools for businesses to enhance their strategies for selling goods and services. Additionally, the report furnishes an in-depth overview of product specifications, technology, product types, and production analysis, considering critical factors like Revenue, Cost, Gross, and Gross Margin. Structured precisely to cater to customer requirements, this global market research report is a comprehensive resource aligned with the needs of the market.
wearable soft robotics market was valued at USD 534.20 million in 2021 and is expected to reach USD 7530.40 million by 2029, registering a CAGR of 39.20% during the forecast period of 2022-2029.
Definition
The rheological and elastic properties of the soft robots allow them to adapt the desired shape, withstand obstacles, and perform a broad range of tasks even in harsh environmental conditions. The wearable soft robots are designed to focus on sensors and actuators of motion.
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Key Growth Drivers:
Rising demands in healthcare sector
Rising medical and healthcare demands are the primary factor driving the market's growth over the forecasted period. The main purposes include actuation and transmission while interacting with the human body in the place of defective muscles or skeleton systems. The wearer experiences the actuation between the rigid exoskeleton and the exosuits and helps the wearer to perform varied tasks. The applications of wearable soft robotics in the healthcare sector include physical human-robot interaction, hip-exoskeleton, design, modeling, control and others. All these factors are expected to drive the growth of the wearable soft robotics market over the forecasted period.
Increasing need for safer automation solutions
Safer automation solutions and safe and dynamic interaction with humans are paramount to collaborative robots. Automation technologies can help in safer solutions and enable users to work efficiently without human intervention. It also reduces accidents during the manufacturing processes. The new guidelines and regulations initiated by the government for the safer automation solutions and usage of the automation technologies will further drive the growth of the market during the forecasted period.
The report emphasizes the participation of key entities, notably:
- CYBERDYNE INC. (Japan)
- Ekso Bionics (U.S.)
- FANUC CORPORATION (Japan)
- FRANKA EMIKA GmbH (Germany)
- GLI Technologies (Germany)
- Piab AB (Sweden)
- ReWalk Robotics (U.S.)
- RightHand Robotics, Inc. (U.S.)
- Rolls-Royce (U.K.)
- SynTouch Inc. (U.S.)
- Ubiros (U.S.)
- Universal Robots (Denmark)
- TECHMAN ROBOT INC. (Taiwan)
- ABB (Switzerland)
- KUKA AG (Germany)
- YASKAWA ELECTRIC CORPORATION. (Japan)
- AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD (Beijing)
- INDIA KAWASAKI MOTORS PVT. LTD. (Japan)
- Ekso Bionics (U.S.)
- F&P Robotics AG (Switzerland)
- Kawada Industries Inc. (Japan)
Report Objective:
- Investigate the wearable soft robotics market, focusing on strategic movements like collaborations, agreements, mergers, and product launches.
- Explore market diversification avenues such as new products, unexplored regions, recent advancements, and investments in wearable soft robotics market.
- Streamline initial research efforts by identifying wearable soft robotics market growth, size, key players, and segments, saving valuable time.
- Highlight pivotal industry trends in the wearable soft robotics market to empower players in devising effective, sustainable strategies.
- Analyze micro markets for their individual growth trajectories, potential, and contributions to the overall market.
- Shape or refine business expansion strategies leveraging growth opportunities in both established and emerging markets.
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Key Market Segmentation
Components (Hardware, Software), Applications (Human-Machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Application, Rehabilitation and Wearable Robots, R&D of Humanoids), End-Users (Logistics, Medical and Healthcare, Automotive, Food and Beverages, Advanced Manufacturing, E-Commerce and Retail, Others)
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