A global industry analysis 2014-2021 and an opportunity evaluation 2022-2028 are included in a new market research study on the robotic gripper market by Future Market Insights. The report looks into the robotic gripper industry and offers valuable insights for the years 2022-2028.
The global robotic gripper market is expected to grow significantly over the forecast period, according to the findings of the report, due to multiple driving factors such as the use of smart materials for enhanced capabilities and the expanding horizon of applications, as well as an increased number of end-use industries.
The global robotic gripper market was worth US$ 1.6 billion in 2022, and it is expected to grow at a CAGR of 9.8% between 2022 and 2028. An increase in the automotive and electrical & semiconductor industries, the launch of a specific gripper portfolio, and a rise in robotic automation in certain locations such as East Asia have all contributed to this expansion.
Leading competitors in the robotic gripper market are focusing on conducting research and development to produce novel electric vacuum grippers to meet the high demand from industries all around the world. Key players are likely to produce highly inventive solutions to ensure a reliable pick-and-place operation at the workplace, given the continued development of smart factories and the adoption of industrial automation. Meanwhile, to compete in the market, several of the other manufacturers plan to invest significant sums in the development of robust distribution networks.
- In January 2022, researchers at Stanford University’s Biomimetics and Dextrous Manipulation Lab developed farmHand, a robotic hand. Angle grinders, raw eggs, basketballs, jugs of liquids, dishes, and even bunches of grapes are among the items it can handle. It has multi-jointed fingers that look like human fingers and are capped with gecko-inspired adhesives.
- Engineers from the National University of Singapore (NUS) developed Soft Touch, a reconfigurable hybrid robotics system inspired by the human hand, in December 2021. This robot hand gripper is capable of manipulating and gripping a variety of objects, ranging from delicate, soft, and small items to bulky, heavy, and huge ones. This advancement would benefit industries that rely on human dexterity.
Vendor Insights on the Robotic Gripper Market
The study focuses on a few key market competitors who have established themselves as market leaders in the robotic gripper market. Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc., and Brenton Engineering are a few examples of significant competitors in the market. To gain a larger share of the global robotic gripper market, companies are focusing on developing products like flexible robotic grippers, electrostatic robotic grippers, and vacuum robotic grippers that can react more and more like a human arm and have a wide range of payload capacity for various end-use industries.