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Intelligent Soft Robotics Market Dynamics, Forecast, Analysis and Supply Demand 2019-2024

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BIS RSRCH
Intelligent Soft Robotics Market Dynamics, Forecast, Analysis and Supply Demand 2019-2024

Perspectives revolving around automation existed since erstwhile in the global arena, even before the concept of automation was formally introduced. Automation processes use control systems such as robots and computers to observe and handle processes and machines. Automation in industrial eco-system gives an advantage of enhancing the quality and productivity while limiting the errors, adding flexibility, and increasing safety to the manufacturing process. Automation gives benefits such as increased consistency of output, improved robustness, and increased predictability of quality, to industries such as healthcare, automobiles, e-commerce, and aviation.

Read Report Summary: https://bisresearch.com/industry-report/intelligent-soft-robotics-market.html

Soft robotics is a subfield of robotics that deals with constructing robots using highly compliant materials that gives an ability to perform complex tasks. Contrast to the robots built with hard materials, soft robots enable the increased adaptability and flexibility from rigid materials. The Harvard University research team has built a soft robotic toolkit to assist developers and users for the development of soft robotics.

Industries such as healthcare, food & beverage, and e-commerce have increasingly demanded robots that are capable of handling delicate objects over the past years. This resulted in the evolution of intelligent soft robotics that are designed to handle fragile objects. The increasing adoption of robots in healthcare, food & beverage, and logistics industries opens up opportunities for intelligent soft robotics.

The intelligent soft robotics market is extremely competitive with leading companies developing sophisticated and robust robots for various commercial and military applications. Key players operating in this market are adopting organic strategies such as product launches and business expansions along with inorganic strategies such as partnerships, collaborations, and funding.

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These players compete in terms of technological innovation, pricing, and utilization of the product. The companies that develop new technologies according to the changing market needs acquired the highest market share. Some of the key players in intelligent soft robotics market includes Cyberdyne Inc. (Japan), Ekso Bionics Holdings Inc. (U.S.), Empire Robotics, Inc. (U.S.), F&P Personal Robotics (Switzerland), FANUC Corporation (Japan), Franka Emika GmbH (Germany), Festo (Germany), GLI Technology Limited (China) and Soft Robotics, Inc. (U.S.).

These companies are constantly developing new strategies to increase their product portfolio and extend their geographical presence. The development of intelligent soft robotics solutions enhances the usage of robots in industries such as healthcare, logistics, defense, food & beverage, and space.

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