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Business Upturn
16-06-2025
- Business
- Business Upturn
Piezoelectric Actuators Market Size to Grow USD 4.03 Billion by 2032, at 6.85% CAGR
Austin, June 16, 2025 (GLOBE NEWSWIRE) — Piezoelectric Actuators Market Size & Growth Insights: According to the SNS Insider Report, 'The Piezoelectric Actuators Market size was valued at USD 2.37 Billion in 2024 and is projected to reach USD 4.03 Billion by 2032, growing at a CAGR of 6.85% during 2025-2032.' PI Ceramic Advances Precision with Faster Delivery of High-Performance Piezo Actuators PI Ceramic has cut delivery times of its PICMA Stack multilayer piezo actuators to less than 3 weeks with support for industries needing fast ultra-precision components. Well-suited for challenging applications in medical devices, industrial automation, and semiconductor production, the actuators are notable for their high reliability, ultra-long lifetime (billions of actuation cycles typical) and compatibility with ultra-high vacuum (UHV). Its improved manufacturability will support faster adoption into vital systems requiring accuracy, durability and environmental resistance. Get a Sample Report of Piezoelectric Actuators Market @ What is the Piezoelectric Actuators Market Size of the U.S.? The U.S. piezoelectric actuators market was valued at USD 0.42 Billion in 2024 and is projected to reach USD 0.69 Billion by 2032, growing at a CAGR 6.60% during 2025-2032. This new offering advances PI Ceramic's position as the global leader in advanced piezoelectric solutions and also meets the increased global demand for high-performance, compact, and energy-efficient actuation solutions. Which is the Leading Region in the Piezoelectric Actuators Industry? In 2024, Europe dominated the piezoelectric actuators market with a 42% revenue share, due to significant innovation, solid R&D spending, and demand from automotive, healthcare, and semiconductor industries. Germany, France, and the U.K. have industrial powerhouses, and are fast-growing tech ecosystems. Asia-Pacific is expected to grow at the fastest CAGR of 9.84% over 2025-2032, following high industrialization, and growing electronics production and smart automation in China, Japan, and South Korea. The U.S., however, remains a major player due to strong technology and demand in the aerospace, automotive and medical industry. LATAM and MEA are growing steadily with rising industrialization and increasing adoption of energy-efficient products and solutions. Piezoelectric Actuators Market Report Scope: Report Attributes Details Market Size in 2023 USD 2.37 Billion Market Size by 2032 USD 4.03 Billion CAGR CAGR of 6.85% From 2024 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments • By Type(Stack Actuators, Stripe Actuators, Tube Actuators, Shear Actuators and Linear Actuators)• By Application(Aerospace, Automotive, Industrial Manufacturing, Healthcare, Consumer Electronics and Others) • By Material(Piezoelectric Ceramic, Piezoelectric Crystal, Piezoelectric Composite and Piezoelectric Polymer) Purchase Single User PDF of Piezoelectric Actuators Market Report (20% Discount) @ Key Industry Segmentation By Type With a 59% share in 2024, the stack actuators category dominated the piezoelectric actuators market owing to its high force output and precision, which fit for semiconductor manufacture, medical devices, and industrial automation. With a CAGR of 10.73%, the stripe actuators category is expected to develop quickest over 2025–2032. This growth is driven by the increasing demand for tiny lightweight comfort actuators in applications in new markets including wearables, robotics and MEMS. In Which Application the Piezoelectric Actuators are Used the Most? In 2024, the industrial manufacturing segment accounted for approximately 45% of the piezoelectric actuators market and is expected to remain the largest and fastest-growing segment, which is expected to remain the largest and fastest-growing end-use sector on the back of rising automation, high-definition motion control requirement and efficient performance of piezoelectric actuators under severe environment. Demand continues to be driven by applications in robotics, quality control and process control. The automotive segment is projected to grow at a CAGR of 9.47% over 2025-2032, on the back of increasing deployment of ADAS, EVs, and advanced actuator-based control systems. By Material In 2024, the piezoelectric ceramic segment led the market with a 68% share, owing to its excellent piezoelectric properties, high reliability and cost-effective nature that suits it for medical devices, industrial automation, and consumer electronics. An increasing emphasis on high-performance actuators also bolsters its lead. The piezoelectric polymer segment is projected to grow at the fastest rate with a CAGR of 11.17% over 2025-2032, on account of lightweight, flexible features for wearables and compact, unique actuation applications in untapped markets. Leading Market Players with their Product Listed in this Report are: Physik Instrumente (PI) TDK Corporation Murata Manufacturing CTS Corporation CeramTec GmbH APC International KEMET Corporation (TOKIN) Piezosystem Jena Thorlabs Inc. Cedrat Technologies Do you have any specific queries or need any customized research on Piezoelectric Actuators Market? Submit your inquiry here @ Recent Developments: In June 2025, PI Launches PICMA® Plus Piezo Actuators with Higher Displacement for Extreme EnvironmentsPI introduces PICMA® Plus piezo stack actuators, offering superior performance to the well-known PICMA® family of high-energy piezo stack actuators, with a compact size and long lifetime. In MARCH 2025, HB-3: ULTRA-PRECISE ROBOT DRIVEN BY PIEZOELECTRIC ACTUATORS A team at Yokohama National University reveal an autonomous micro-robot containing piezo actuators that provide sub-millimeter precision when performing tasks in confined spaces and hazardous conditions. Table of Contents – Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Piezoelectric Actuators Market, by Type 8. Piezoelectric Actuators Market, by Material 9. Piezoelectric Actuators Market, by Application 10. Regional Analysis 11. Company Profiles 12. Use Cases and Best Practices 13. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
11-06-2025
- Automotive
- Yahoo
CSP MOSFET Market to Reach USD 2.17 Billion by 2032, at CAGR of 7.64%
CSP MOSFET Market growth is driven by highfrequency switching demand, EV & renewable energy integration, smart grids, and advanced CSP packaging innovations. Austin, June 11, 2025 (GLOBE NEWSWIRE) -- CSP MOSFET Market Size & Growth Insights: According to the SNS Insider Report, 'The CSP MOSFET Market size was valued at USD 1.21 billion in 2024 and is expected to reach USD 2.17 billion by 2032, growing at a CAGR of 7.64% over the forecast period of 2025-2032.' CSP MOSFET Market Growth Fueled by Demand for Compact and Efficient Power Solutions The CSP MOSFET market is witnessing a vigorous growth driven by the increasing adoption of compact, energy efficient products in industries such as consumer electronics, electric automotive, and industrial automation. Aided by the trend of miniaturization in smartphones, IoT and wearable devices, CSP MOSFETs provide significant benefits including ultra-low thermal impedance, lower on-resistance and better thermal performance. These MOSFETs are faster switching and offer higher efficiency in EVs, resulting in performance improvements of 5–10%, as demonstrated with Tesla's use of SiC MOSFETs. Furthermore, the power electronics in renewable energy systems and automation also contribute to market growth. The global EV market is estimated to grow to 30 million units by 2030 - a significant driver of growth for CSP MOSFET. Get a Sample Report of CSP MOSFET Market @ Asia Pacific Leads CSP MOSFET Market amid Global Shift toward Compact, High-Efficiency Power Solutions Asia Pacific dominated the CSP MOSFET market with a 34.1% share in 2024 and is projected to grow at the fastest CAGR through 2032. Growth is stimulated by the expansion of the consumer electronics, automotive, and industrial automation industries, which require small, energy-efficient power devices. It is consistently written that China is still ahead in semiconductor production, innovation and support for EVs. North America's growth is fueled by advanced technologies, and strong semiconductor base and increasing integration of EV & IOT, the US is the largest market. In Europe, Germany leads due to industrial automation and EV manufacturing. Latin America and MEA are emerging markets, with growing industrialization, renewable energy projects, and requirement for reliable power solutions. CSP MOSFET Market Report Scope: Report Attributes Details Market Size in 2023 USD 1.21 Billion Market Size by 2032 USD 2.17 Billion CAGR CAGR of 7.64% From 2024 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments • By Product Type (N-Channel, P-Channel, Dual N-Channel, and Dual P-Channel)• By Application (Consumer Electronics, Automotive, Industrial, Telecommunications, and Others)• By End-User (OEMs, and Aftermarket) Purchase Single User PDF of CSP MOSFET Market Report (20% Discount) @ OEMs Dominate CSP MOSFET Adoption with Strongest Growth Outlook Through 2032 By Product Type In 2024, the N-Channel segment accounted for 51.6% of the CSP MOSFET market, owing to its ability to provide superior switching speed, efficiency, and thermal stability which are needed in high power and high speed applications such as power supply circuits, automotive and industrial systems. With its low on-resistance and high voltage capability allows designing compact and energy saving equipment. From 2025 to 2032, the Dual N-Channel segment is projected to grow at the fastest CAGR, as demand for small and efficient devices in EVs, Renewable Energy and Power Management systems increases even as they are more complex and costly to fabricate. By Application In 2024, the Consumer Electronics segment is projected to lead the CSP MOSFET market with a 38.3% share, including smartphones, wearables, and IoT devices, as these devices become smaller and smaller, their power components need to be smaller, yet more efficient with ultra-low on-resistance. From 2025 to 2032, the Automotive segment is expected to grow at the fastest CAGR, supported by accelerated EV penetration and booming need for improved power electronics in cars, in which CSP MOSFETs will provide the best in class performance, less power losses and a better thermal management into vital systems. By End Use OEMs held 81.4% of the CSP MOSFET market share in 2024 and are projected to grow at the fastest CAGR through 2032. This expansion is fueled by growing demand for high-performance, energy-efficient devices in applications such as automotive, consumer electronics, and industrial automation. OEMs make substantial extensive use of CSP MOSFETs due to their small footprints, reliability, and performance in line with the trends toward miniaturization and optimization of power management. With EVs, IoT devices, and renewable power systems proliferating, OEMs adopt CSP MOSFETs to embed them in their original equipment. Leading Market Players with their Product Listed in this Report are: Infineon Technologies STMicroelectronics Texas Instruments ON Semiconductor Nexperia ROHM Semiconductor Vishay Intertechnology Microchip Technology Toshiba Corporation Semikron International Do you have any specific queries or need any customized research on CSP MOSFET Market? Submit your inquiry here @ Recent Developments: In March 2025, Infineon Technologies has introduced its first 60V radiation tolerant P-channel MOSFET for LEO space applications, serving the low to medium power domain in satellite applications. The device enhances the availability of N-channel alternatives, and provides compact, high-reliable solutions for next-generation satellite systems. In May 2025, Nexperia said it has launched 1200V SiC MOSFETs in D2PAK-7 packages which are qualified to AEC-Q101 and have been designed for automotive EV applications, providing superior thermal performance and efficiency. The benefit of using these parts in the application is that the RDS(on) is very low, translating to high power and a substantial system cost savings. Table of Contents - Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. CSP MOSFET Market, by Product Type 8. CSP MOSFET Market, by Application 9. CSP MOSFET Market, by End-User 10. Regional Analysis 11. Company Profiles 12. Use Cases and Best Practices 13. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 | +44- 20 3290 5010 (UK)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-06-2025
- Business
- Yahoo
Safe City Market Size to Surpass USD 115.5 Billion by 2032, owing to rapid urbanization and increasing demand for public safety technologies
Growing concerns over urban security and the need for smarter surveillance and emergency response systems are accelerating the Safe City Market expansion globally. Austin, June 10, 2025 (GLOBE NEWSWIRE) -- Safe City Market Size & Growth Insights: According to the SNS Insider Report, 'The Safe City Market size was valued at USD 35.0 billion in 2023 and is estimated to reach USD 115.5 billion by 2032, growing at a robust CAGR of 14.2% from 2024 to 2032.' US Safe City Market was valued at around USD 8.43 billion in 2023, and is estimated to reach USD 24.15 billion by 2032, growing at a CAGR of nearly 12.45% during the forecast period. Increased Government Investments in Smart city Infrastructure, Growing Urban Security concerns, and Availability of AI-powered surveillance Technologies are the major factors driving the growth of the market. Increasing uptake of a combined public safety solution will further propel the growth of the market through 2032. Get a Sample Report of Safe City Market @ Regional Analysis: North America Dominates; Asia-Pacific Fastest Growing North America leads the Safe City Market in 2023 and accounted for a significant revenue share, aided by substantial government funding, technical advancements, and increasing smart city adoption. A combination of the region's well-developed cybersecurity infrastructure, widespread deployment of artificial intelligence (AI)-enabled surveillance systems, and vigilant public safety polices contributes as facilitators. Safe city technologies remain a popular investment area for urban centers in the U.S. and Canada, ensuring continued market dominance up to 2032. During the period 2024–2032, the fastest CAGR is expected to be in the Asia-Pacific region. This rapid growth is propelled to a great extent by urban population growth, rising government investments in public safety, growing smart city initiatives in China, India, Japan, Southeast Asia, and increasing concerns regarding crime and terrorism. Moreover, the rising adoption of IoT, AI, and cloud-based safe city solutions in developing countries is also accelerating the growth of the market in the region. Safe City Market Report Scope: Report Attributes Details Market Size in 2023 USD 35.06 Billion Market Size by 2032 USD 115.48 Billion CAGR CAGR of 14.2% From 2024 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments • By Component (Hardware, Software, Services)• By Technology (Command & Control Systems, Cybersecurity, Public Safety Communications, Emergency Management System (EMS), Video Surveillance and Analytics, Location Tracking System, Data Center Infrastructure, Physical Identity and Access Management (PIAM)) Purchase Single User PDF of Safe City Market Report (20% Discount) @ Key Industry Segmentation By Component: Hardware Dominates; Services Show Fastest CAGR The hardware segment dominated the market in 2023 and accounted for a significant revenue share, due to large-scale deployments of surveillance cameras, sensors, and IoTs required for data collection and real-time monitoring. Sustained demand for quality hardware components is underpinned by growing government provision to improve city infrastructure and modernise public safety resources. Increasing penetration of 4K and thermal imaging cameras supports the market share in this segment. During the period from 2024 to 2032, the Services segment is expected to grow at the fastest CAGR, driven by the rising demand for system integration, maintenance, managed security services, and consulting to address the complexities of safe city deployments, this growth. Multi-vendor environments are a good practice that cities are starting to adopt, and professional services that facilitate normal operations and strengthen cyber defences are necessary. By Technology: Video Surveillance and Analytics Lead; Command & Control Systems Grow Fastest Video surveillance and Analytics hold the largest market share of more than 27% of revenue in 2023, owing to their vital role in continuous real-time monitoring, crime detection, and traffic management. Fused with the power of AI, machine learning, and deep analytics, these systems enable actionable insights, automated threat alerts, and facial recognition capabilities to help public safety agencies. The command & control systems segment is projected to witness the fastest CAGR during the forecast period, from 2024 to 2032. As urban safety ecosystems continue to become more complex, there will be a greater need for integrated command centres that can provide a consolidated view of the safety landscape across the city, make decisions based on the best available and timely information, and leverage the most effective resources to deploy the right assets inside the right time-frame. Integrated with AI & cloud, enabling cross-response during emergencies. This segment is growing at a high compound growth rate due to the increasing number of smart city projects being undertaken well as the required investments needed for repairing the legacy public safety infrastructure. Leading Market Players with their Product Listed in this Report are: ABB Ltd. ALE International SAS BAE Systems PLC Bosch Energy and Building Solutions Esri Honeywell International Inc. Identiv Inc. (3VR) NEC Corporation Siemens AB Teledyne FLIR LLC. Do you have any specific queries or need any customized research on Safe City Market? Submit your inquiry here @ Recent Developments in Safe City Market (2024) March 2024: Honeywell launched its new AI-driven Safe City video analytics platform, enhancing real-time threat detection capabilities. June 2024: Bosch Security Systems announced an expansion of its integrated command and control solutions tailored for smart cities. August 2024: Siemens introduced a cybersecurity suite specifically designed for public safety communications networks. Table of Contents - Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 6. Competitive Landscape 7. Safe City Market, by Component 8. Safe City Market, by Technology 9. Regional Analysis 10. Company Profiles 11. Use Cases and Best Practices 12. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 | +44- 20 3290 5010 (UK)
Yahoo
26-05-2025
- Business
- Yahoo
AI Accelerator Chips Market Size to Hit USD 362.75 Billion by 2032, at 37.43% CAGR
AI Accelerator Chips Market growth is driven by surging demand for generative AI, edge computing, and energy-efficient chips, with innovations from leaders like Nvidia and Google. Austin, May 26, 2025 (GLOBE NEWSWIRE) -- AI Accelerator Chips Market Size & Growth Insights: According to the SNS Insider Report, 'The AI Accelerator Chips Market size was valued at 28.51 billion in 2024 and is projected to reach USD 362.75 billion by 2032, growing at a CAGR of 37.43% during 2025 to 2032.' Emergence of Semiconductor Lithography Drives the AI Accelerator Chips Market Growing adoption of AI across automotive, healthcare, and data centers, among others, is propelling the growth in the AI accelerator chips market. As with all computer technology things are moving forward, particularly in chip designs and fabrications, which means that performance is improving and power requirements are dropping. One of the key factors contributing to this market growth is the advancement of the semiconductor lithography sector that includes DUV lithography and SAOP lithography, through which it would be possible to produce chips of at least 5nm without the adoption of the extreme ultraviolet (EUV) process. This initiative contributes to the semiconductor industry's self-reliance by minimizing dependence on foreign technologies, while also forming a foundation of the country's industries. US AI accelerator chips market to expand at a CAGR of 34.11% from USD 8.56 billion in 2024 to USD 89.63 billion by 2032 Get a Sample Report of AI Accelerator Chips Market @ Leading Market Players with their Product Listed in this Report are: NVIDIA AMD Intel Google Qualcomm Graphcore Tesla Baidu Huawei Samsung AI Accelerator Chips Market Report Scope: Report Attributes Details Market Size in 2023 USD 28.51 Billion Market Size by 2032 USD 362.75 Billion CAGR CAGR of 37.43% From 2024 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments • By Chip Type (GPU, ASIC, FPGA, CPU, Others)• By Processing Type (Edge, Cloud)• By Industry (Automotive, Consumer Electronics, Healthcare, Manufacturing, Others) Key Drivers • Enhancing Semiconductor Self-Sufficiency Through Advanced Lithography Drive AI Accelerator Chips Growth.• Enhancing Energy Efficiency in Generative AI Creates Growth Opportunities in the Future Chips. For example, SMIC's development of DUV lithography and SAOP has made it possible to produce more advanced chips such as Huawei's Ascend 920 AI accelerator, to overcome export restrictions and stay competitive. These are the types of breakthroughs that can beget resiliency and innovation, and continue to fuel the growth of the AI accelerator chip market while promoting semiconductor independence around the world, even in the face of changing geopolitical and regulatory landscapes. Purchase Single User PDF of AI Accelerator Chips Market Report (20% Discount) @ Key Industry Segmentation By Chip Type In 2024, GPUs led the AI accelerator chips market with a 35% revenue share, attributed to their flexibility and massive parallel processing power. The extensive adoption across a wide range of workloads from deep learning and generative AI to high performance computing and beyond drive CUDA GPUs as the platform of choice for developers and businesses striving for a scalable, high performance AI solution. The ASIC segment is expected to experience rapid growth, with a projected CAGR of 43.42% during the forecast period. The growth is driven by the explosive growth in demand for custom-built, power-efficient chips optimized for specific AI inference workloads, all while delivering better performance, lower latency and lower power consumption, relative to general purpose GPUs. By Processing Type In 2024, the cloud segment dominated the AI accelerator chips market, contributing around 75% of the revenue, as there is an increasing requirement of scalable and high performance computing infrastructure for generative AI and large language models. The role of cloud in accelerating AI adoption in different domains is increasingly critical. The edge segment is rapidly expanding, with a forecasted CAGR of 42.26% from 2025 to 2032. This rise is motivated by greater needs for on-device AI processing with low latency in industries such as automotive, healthcare and consumer electronics for enabling on-the-edge decision-making, which do not rely on cloud connectivity. By Industry In 2024, the consumer electronics segment held about 34% of the AI accelerator chips market share, and is a significant contributor in the market as AI has been integrated into smartphones, smart home devices, wearables, and AR/VR systems, where real-time processing, personalization, and power efficiency are essential to improve user experience. The automotive segment is expected to be the fastest-growing market from 2025 to 2032, with a strong CAGR of 42.61%, on account of the increasing use of AI in level 2/3 autonomous driving, advanced driver-assistance systems (ADAS), and in-vehicle infotainment that demand robust real-time processing. Regional Overview of the AI Accelerator Chips Market in North America, Asia Pacific, Europe, Latin America, and MEA In 2024, North America dominated the AI accelerator chips market with a 44% share, share at an entire level and many investments made across the AI infrastructure development, early adoption of technology, and existence of large tech players in the region Asia Pacific is poised for rapid growth between 2025 and 2032, with a projected CAGR of 39.58%, owing to developments in the field of AI, increasing number of AI start-ups, and growing interest in AI solutions across sectors; within Asia Pacific, China is expected to register the highest growth due to its massive investments in AI infrastructure. Europe is experiencing moderate growth, fueled by the likes of Germany and the UK, but money is going into AI in automotive, manufacturing and healthcare – with cost and infrastructure high up on the challenges still facing Europe. Latin America and the Middle East & Africa show steady but slower growth, due to weaker tech infrastructure and lower volumes investments, while demand for energy, healthcare and infrastructure is rising. Do you have any specific queries or need any customized research on AI Accelerator Chips Market? Submit your inquiry here @ Recent developments In May 2025, Intel launched their Arc Pro GPUs and Gaudi 3 AI accelerators at Computex 2025 with a focus on the AI creators with scale out multi-GPU support and enterprise grade AI inference hardware. In April 2025, Google unveiled its seventh-generation TPU, Ironwood, at Cloud Next 2025, tailored for AI inference with up to 4,614 TFLOPs of capacity and 192GB RAM per chip. The chip with improved Sparse Core technology will be used in Google Cloud's AI Hyper computer later this year. Table of Contents - Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 5.1 Rising integration in autonomous vehicles and robotics 5.2 Edge AI adoption growth vs. centralized cloud computing 5.3 Integration Rates 5.4 Latency & Throughput Trends 6. Competitive Landscape 7. AI Accelerator Chips Market, by Chip Type 8. AI Accelerator Chips Market, by Processing Type 9. AI Accelerator Chips Market, by Industry 10. Regional Analysis 11. Company Profiles 12. Use Cases and Best Practices 13. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Read Other Related Reports: North America Leads Accelerator Card Market with 46% Share in 2023, Driven by R&D Investments and Demand for HPC & Cloud Advancements Asia-Pacific Leads Global AI Chip Market with 33% Share in 2023, Driven by Surging Demand Across Key Sectors and Nations Like India, China, and Japan Edge AI Hardware Market Sees APAC Surge as AI, Robotics, and IoT Transform Healthcare and Industrial Sectors U.S. Edge AI Chips Market Set to Surge from $6.42B in 2024 to $54.73B by 2032, Driven by Soaring Demand for On-Device Intelligence AI-Powered Video Surveillance Market in the U.S. Expected to Reach $1.03 Billion, Driven by 24.5% CAGR Growth CONTACT: Contact Us: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 | +44- 20 3290 5010 (UK)
Yahoo
20-05-2025
- Business
- Yahoo
Soft Robotics Market Size to Hit USD 14.64 Billion by 2032, at 30.89% CAGR
Soft Robotics Market growth is driven by automation demand, advancements in AI, flexible grippers, and rising adoption across food and medical industries. Austin, May 20, 2025 (GLOBE NEWSWIRE) -- Soft Robotics Market Size & Growth Insights: According to the SNS Insider Report, 'The Soft Robotics Market was valued at USD 1.30 billion in 2023 and is expected to reach USD 14.64 billion by 2032, growing at a CAGR of 30.89% over the forecast period 2024-2032.' Factors Propelling the Growth of the Soft Robotics Market Increase demand of automation in e-commerce, food processing, and automotive sectors are mainly drive the growth of soft robotics market. Low cost, flexibility and accuracy are the giant advantages of the soft robots as compared to its hard counter part highly valuable for SMEs, for delicate applications like pick and place, packing and assembly with high reconfigure ability. Sizable growth is attributed to worldwide adoption of Industry 4.0, which requires scalable, safe and efficient robotic systems. Furthermore a range of products and forces are pushing the frontiers of soft robotics, such as development of novel materials, actuation systems, Instrumentation and control (I&C), artificial intelligence (AI), Bio-inspiration, soft robots that can self-heal and sensor technologies which are increasing the soft robotics system capabilities and precision, flexibility and safety. These technological breakthroughs push forward the penetration of soft robotics into multiple fields such as medical, industrial, and logistics applications. Get a Sample Report of Soft Robotics Market @ Leading Market Players with their Product Listed in this Report are: Soft Robotics Inc. (mGrip Modular Gripper) Festo (BionicSoftHand) ABB (YuMi with Soft Gripper) Shadow Robot Company (Shadow Dexterous Hand) RightHand Robotics (RightPick) Grabit Inc. (Electroadhesion Gripper) ROBOTIQ (Adaptive Gripper) Empire Robotics (Versaball Gripper) ReWalk Robotics (ReStore Soft Exo-Suit) XACT Robotics (XACT ACE Robot) Vicarious Surgical (Soft Robotic Arm System) Ekso Bionics (EksoNR with Soft Actuation) Smart Robotics (Smart Palletizer with Soft Gripper) Pliant Energy Systems (Velox Amphibious Robot) Kawasaki Robotics (duAro with Soft Gripper). Soft Robotics Market Report Scope: Report Attributes Details Market Size in 2023 USD 1.30 Billion Market Size by 2032 USD 14.64 Billion CAGR CAGR of 30.89% From 2024 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments • By Type (Soft Grippers, Cobots, Inflated Robots, Exoskeleton)• By Component (Hardware, Software)• By End User (Healthcare, Advanced Manufacturing, Food & Beverages, Logistics, Others) Key Drivers • Growing Demand for Soft Robotics in Healthcare Food Processing and Manufacturing Driven by Technological Advancements.• Emerging Economies and Technological Innovations Driving Soft Robotics Growth in Healthcare and Industrial Automation. Purchase Single User PDF of Soft Robotics Market Report (20% Discount) @ Soft Robotics Market: Segment Insights Driving the Future of Flexible Automation By Type Soft grippers accounted for the largest segment in the soft robotics market, holding a 37.4% share in 2023, and due to their high precision and versatility the handling of fragile, irregular, or delicate shapes such as food & beverages processing, electronics, and packaging materials of all sizes. They are being used more and more in place of rigid grippers in automated assembly and quality control systems. The cobot segment is expected to experience the highest growth from 2024 to 2032, due to the increase in demand for human-robot collaboration in manufacturing, logistics and healthcare. Cobots, they bring with them safe and efficient cohabitation, a realization of greater flexibility, improved productivity, and lack of injury through smart manufacturing. By Component In 2023, the soft robotics market was led by the Hardware segment, which accounted for 71.3% of total revenue. The dominance is because of the critical hardware and machine elements (actuators, sensors, control modules, flexible materials and others) that are required to provide motion, gripping, and responsiveness solutions in industries like healthcare, manufacturing, food, among others. Customise application-specific hardware/blades make them unopposed on the market. The Software segment is expected to grow at the highest CAGR from 2024 to 2032, due to incorporation of AI, machine learning, and advanced control algorithms for better motion planning, real-time decision making, and adaptability in soft robots. By End User In 2023, the healthcare segment dominated the soft robotics market, accounting for 35.4% of total market share. This is due to the broader use of soft robotics in rehabilitation, surgical assistance, and wearable devices and the improved safety, flexibility, and adaptability for human contact. This direction is being additionally driven by increased investments in healthcare and device development. The Advanced Manufacturing segment is expected to grow at the highest CAGR from 2024 to 2032, owing to the adoption of smart automation and cobots in industries. The flexibility of soft robotics in the handling of delicate objects & complex assembly operations is promoting its adoption and in return leading to the transition to industry 4.0 and the need for flexible and safe automation systems. Soft Robotics Market Growth Drivers in Asia Pacific and North America In 2023, the Asia Pacific region held a 35.2% share of the soft robotics market, growing electronics manufacturing, and emerging healthcare infrastructure in China, Japan, and South Korea contributed to its growth. Others have positioned the region already as a center for robotics-innovation with, for example, Japan having its 'Society 5.0' and China staking it claims with 'Made in China 2025'. Soft robotics applications in manufacturing and rehabilitation are being developed in companies such as Soft Robotics Co. Ltd. Japan, and SIASUN Robot & Automation Co., China. It has a well-developed electronics supply chain and a large workforce. North America, on the other hand, is expected to experience the highest CAGR, due to high adoption of technology, investments in healthcare and industrial automation, and the presence of major players such as Soft Robotics Inc., which is expanding its product portfolio, and collaborating with renowned research institutes, to accelerate the growth of surgical robotics and collaborative systems. Do you have any specific queries or need any customized research on Soft Robotics Market? Submit your inquiry here @ Recent Developments: In March 2025, ABB has expanded its robotic Item Picking family with two new AI-powered modules, the Fashion Inductor and Parcel Inductor, to improve item picking and sorter induction in logistics. This development helps address challenges of increasing parcel volumes and workforce shortages by enhancing speed, accuracy, and productivity. April 2025, Kawasaki has unveiled Corleo, a hydrogen-powered robotic horse at the Osaka-Kansai Expo 2025, designed for riders to navigate diverse terrains with its four independent robotic legs. Powered by a 150cc hydrogen engine, Corleo combines AI and clean energy for stable movement and eco-friendly off-road mobility. Table of Contents - Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 5.1 Adoption of Soft Robotics by SMEs 5.2 Technological Advancements 5.3 Global Manufacturing Trends Impacting Soft Robotics 5.4 Soft Robotics Market by Robot Functionality 6. Competitive Landscape 7. Soft Robotics Market, by Type 8. Soft Robotics Market, by Component 9. Soft Robotics Market, by End User 10. Regional Analysis 11. Company Profiles 12. Use Cases and Best Practices 13. Conclusion About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. 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