Soft Robotics Market
Soft Robotics Market Forecasts to 2030 - Global Analysis By Type (Soft Grippers, Inflatable Robots, Wearable Robots and Other Types), Component (Soft Robotic Actuators, Controllers, Sensors, Power Sources and Other Components), Material, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $1.1 BN |
|
Projected Year Value (2030) |
US $9.6 BN |
|
CAGR (2024-2030) |
42.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Soft Robotics Market is accounted for $1.1 billion in 2024 and is expected to reach $9.6 billion by 2030 growing at a CAGR of 42.4% during the forecast period. Soft robotics involves designing and creating robots using flexible, often bio-inspired materials that enable adaptability and safe interaction with humans and delicate objects. This field is rapidly growing due to advancements in material science and increasing applications in healthcare, manufacturing, and consumer electronics. The market is expanding as industries seek more versatile, efficient automation solutions, driven by rising demand for safer, more efficient technologies in diverse applications, from rehabilitation devices to automated food handling systems.
According to a study conducted by IEEE in May 2022 on Soft Robot-Assisted Minimally Invasive Surgery (RAMIS) and interventions, the advent of laparoscopic surgery, performed through narrow incisions, prompted a swift shift in the surgical community away from traditional open surgery.
Market Dynamics:
Driver:
Increasing demand for automation
The increasing demand for automation is driving the soft robotics market as industries seek to enhance efficiency, precision, and safety in operations. Soft robotics offers flexibility and adaptability, allowing for automation in sectors where traditional rigid robots are unsuitable, such as healthcare, food processing, and consumer electronics. The ability to handle delicate objects and interact safely with humans makes soft robots ideal for these applications, thus accelerating their adoption and market growth.
Restraint:
High development costs
High development costs are a significant restraint for the soft robotics market. The research, design, and production of soft robotic systems require substantial investment in advanced materials, technology, and skilled labor. These high upfront costs can be a barrier for smaller companies and startups, limiting their ability to enter the market. Additionally, the complexity of developing reliable and durable soft robots can further escalate costs, slowing down widespread adoption.
Opportunity:
Integration with AI and machine learning
AI enhances the capabilities of soft robots by enabling smarter, more autonomous, and adaptive systems that can learn from their environment and improve performance over time. This synergy opens up new applications in areas such as healthcare, where robots can assist in rehabilitation, and in manufacturing, where they can optimize processes and reduce downtime, driving innovation and market expansion.
Threat:
Competition from traditional robotics
Established rigid robotic systems are widely used across industries and have proven reliability and efficiency. These traditional robots often have a lower cost of development and deployment compared to soft robotics. As a result, potential customers may prefer sticking to conventional solutions, particularly in applications where flexibility and gentle handling are less critical, potentially limiting the growth of the soft robotics market.
Covid-19 Impact:
The COVID-19 pandemic has accelerated the adoption of soft robotics in healthcare and manufacturing due to the need for automation and contactless operations. Soft robots have been utilized in tasks such as disinfection, patient care, and automated manufacturing processes to maintain social distancing and reduce human intervention, highlighting their importance and driving market growth during the pandemic.
The soft grippers segment is expected to be the largest during the forecast period
The soft grippers segment is expected to be the largest due to their widespread application across various industries such as food and beverage, logistics, and manufacturing. These grippers can safely handle delicate and irregularly shaped objects, which is essential in automated processes that require precision and care. Their versatility and ability to adapt to different tasks without causing damage to products make them highly valuable, driving significant market share in the soft robotics sector.
The shape memory alloys segment is expected to have the highest CAGR during the forecast period
The shape memory alloys segment is expected to exhibit the highest CAGR due to the unique properties of these materials, such as their ability to return to a predefined shape upon heating. This characteristic makes shape memory alloys ideal for use in actuators and adaptive structures within soft robots, enabling advanced functionalities and improved performance. The growing interest in innovative applications, especially in medical devices and adaptive systems, is fueling rapid growth in this segment.
Region with largest share:
North America is positioned to dominate the soft robotics market due to its strong technological infrastructure, significant investments in research and development, and the presence of key industry players. The region's advanced healthcare sector, high adoption rate of new technologies, and well-established manufacturing industries further contribute to its leading market share. Furthermore, demand for automation and innovation in various applications drives the substantial market size in North America.
Region with highest CAGR:
The Asia Pacific region anticipates rapid growth in the soft robotics market driven by rapid industrialization, increasing investments in automation technologies, and a growing emphasis on improving operational efficiency across industries. Countries like China, Japan, and South Korea are at the forefront of adopting advanced robotic solutions, fueled by strong government support and significant advancements in technology. This robust growth potential makes Asia Pacific the fastest-growing region in the market.
Key players in the market
Some of the key players in Soft Robotics Market include Soft Robotics Inc., Festo AG & Co. KG, ABB Ltd, FANUC Corporation, KUKA AG, Yaskawa Electric Corporation, Universal Robots A/S, Rethink Robotics, RightHand Robotics, Inc., Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., Cyberdyne Inc., Myomo, Inc., Bioservo Technologies AB, SynTouch Inc., Empire Robotics, Inc., Grabit Inc., OptoForce Ltd., Shadow Robot Company and SoftWear Automation, Inc.
Key Developments:
In April 2024, Wind River®, a global leader in delivering software for mission-critical intelligent systems, today announced that Wind River Linux is being used by Yaskawa Electric Corporation, a leading manufacturer of servo motor, AC drives, and industrial robots, in the development of its new product, MOTOMAN NEXT.
In February 2024, Tompkins Solutions, a leading supply chain consulting and material handling integration firm, today announced a strategic partnership with Soft Robotics, a leading provider of innovative robotic automation solutions. This collaboration will deliver cutting-edge AI-powered robotics to logistics operations worldwide, enabling them to address ongoing supply chain issues and optimize order fulfillment.
In July 2023, Festo India announced collaboration with ArcelorMittal Nippon Steel India. The partnership will focus on development of New Age Makers Institute of Technology (NAMTECH), an ArcelorMittal Nippon Steel India education initiative aimed at delivering an integrated model of high-quality engineering and technical education, with special emphasis on manufacturing and sustainability.
Types Covered:
• Soft Grippers
• Inflatable Robots
• Wearable Robots
• Exoskeletons
• Edible Robots
• Other Types
Components Covered:
• Soft Robotic Actuators
• Controllers
• Sensors
• Power Sources
• Other Components
Materials Covered:
• Elastomers
• Gels
• Shape Memory Alloys
• Conductive Polymers
• Other Materials
Applications Covered:
• Medical Applications
• Food and Beverages
• Logistics
• Entertainment and Gaming
• Survey and Exploration
• Human-Machine Interface and Interaction
• Mobility and Inspection
• Manipulation
• Other Applications
End Users Covered:
• Healthcare Providers
• Manufacturing Industry
• Automotive Industry
• Consumer Electronics Industry
• Research Institutions and Academia
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Soft Robotics Market, By Type
5.1 Introduction
5.2 Soft Grippers
5.2.1 Pneumatic Grippers
5.2.2 Hydraulic Grippers
5.2.3 Electric Grippers
5.3 Inflatable Robots
5.4 Wearable Robots
5.5 Exoskeletons
5.6 Edible Robots
5.7 Other Types
6 Global Soft Robotics Market, By Component
6.1 Introduction
6.2 Soft Robotic Actuators
6.3 Controllers
6.4 Sensors
6.5 Power Sources
6.6 Other Components
7 Global Soft Robotics Market, By Material
7.1 Introduction
7.2 Elastomers
7.3 Gels
7.4 Shape Memory Alloys
7.5 Conductive Polymers
7.6 Other Materials
8 Global Soft Robotics Market, By Application
8.1 Introduction
8.2 Medical Applications
8.2.1 Surgical Robotics
8.2.2 Rehabilitation Robotics
8.2.3 Diagnostic and Assistive Technologies
8.3 Food and Beverages
8.3.1 Processing
8.3.2 Packaging
8.4 Logistics
8.5 Entertainment and Gaming
8.6 Survey and Exploration
8.7 Human-Machine Interface and Interaction
8.8 Mobility and Inspection
8.9 Manipulation
8.10 Other Applications
9 Global Soft Robotics Market, By End User
9.1 Introduction
9.2 Healthcare Providers
9.3 Manufacturing Industry
9.4 Automotive Industry
9.5 Consumer Electronics Industry
9.6 Research Institutions and Academia
9.7 Other End Users
10 Global Soft Robotics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Soft Robotics Inc.
12.2 Festo AG & Co. KG
12.3 ABB Ltd
12.4 FANUC Corporation
12.5 KUKA AG
12.6 Yaskawa Electric Corporation
12.7 Universal Robots A/S
12.8 Rethink Robotics
12.9 RightHand Robotics, Inc.
12.10 Ekso Bionics Holdings, Inc.
12.11 ReWalk Robotics Ltd.
12.12 Cyberdyne Inc.
12.13 Myomo, Inc.
12.14 Bioservo Technologies AB
12.15 SynTouch Inc.
12.16 Empire Robotics, Inc.
12.17 Grabit Inc.
12.18 OptoForce Ltd.
12.19 Shadow Robot Company
12.20 SoftWear Automation, Inc.
List of Tables
1 Global Soft Robotics Market Outlook, By Region (2022-2030) ($MN)
2 Global Soft Robotics Market Outlook, By Type (2022-2030) ($MN)
3 Global Soft Robotics Market Outlook, By Soft Grippers (2022-2030) ($MN)
4 Global Soft Robotics Market Outlook, By Pneumatic Grippers (2022-2030) ($MN)
5 Global Soft Robotics Market Outlook, By Hydraulic Grippers (2022-2030) ($MN)
6 Global Soft Robotics Market Outlook, By Electric Grippers (2022-2030) ($MN)
7 Global Soft Robotics Market Outlook, By Inflatable Robots (2022-2030) ($MN)
8 Global Soft Robotics Market Outlook, By Wearable Robots (2022-2030) ($MN)
9 Global Soft Robotics Market Outlook, By Exoskeletons (2022-2030) ($MN)
10 Global Soft Robotics Market Outlook, By Edible Robots (2022-2030) ($MN)
11 Global Soft Robotics Market Outlook, By Other Types (2022-2030) ($MN)
12 Global Soft Robotics Market Outlook, By Component (2022-2030) ($MN)
13 Global Soft Robotics Market Outlook, By Soft Robotic Actuators (2022-2030) ($MN)
14 Global Soft Robotics Market Outlook, By Controllers (2022-2030) ($MN)
15 Global Soft Robotics Market Outlook, By Sensors (2022-2030) ($MN)
16 Global Soft Robotics Market Outlook, By Power Sources (2022-2030) ($MN)
17 Global Soft Robotics Market Outlook, By Other Components (2022-2030) ($MN)
18 Global Soft Robotics Market Outlook, By Material (2022-2030) ($MN)
19 Global Soft Robotics Market Outlook, By Elastomers (2022-2030) ($MN)
20 Global Soft Robotics Market Outlook, By Gels (2022-2030) ($MN)
21 Global Soft Robotics Market Outlook, By Shape Memory Alloys (2022-2030) ($MN)
22 Global Soft Robotics Market Outlook, By Conductive Polymers (2022-2030) ($MN)
23 Global Soft Robotics Market Outlook, By Other Materials (2022-2030) ($MN)
24 Global Soft Robotics Market Outlook, By Application (2022-2030) ($MN)
25 Global Soft Robotics Market Outlook, By Medical Applications (2022-2030) ($MN)
26 Global Soft Robotics Market Outlook, By Surgical Robotics (2022-2030) ($MN)
27 Global Soft Robotics Market Outlook, By Rehabilitation Robotics (2022-2030) ($MN)
28 Global Soft Robotics Market Outlook, By Diagnostic and Assistive Technologies (2022-2030) ($MN)
29 Global Soft Robotics Market Outlook, By Food and Beverages (2022-2030) ($MN)
30 Global Soft Robotics Market Outlook, By Processing (2022-2030) ($MN)
31 Global Soft Robotics Market Outlook, By Packaging (2022-2030) ($MN)
32 Global Soft Robotics Market Outlook, By Logistics (2022-2030) ($MN)
33 Global Soft Robotics Market Outlook, By Entertainment and Gaming (2022-2030) ($MN)
34 Global Soft Robotics Market Outlook, By Survey and Exploration (2022-2030) ($MN)
35 Global Soft Robotics Market Outlook, By Human-Machine Interface and Interaction (2022-2030) ($MN)
36 Global Soft Robotics Market Outlook, By Mobility and Inspection (2022-2030) ($MN)
37 Global Soft Robotics Market Outlook, By Manipulation (2022-2030) ($MN)
38 Global Soft Robotics Market Outlook, By Other Applications (2022-2030) ($MN)
39 Global Soft Robotics Market Outlook, By End User (2022-2030) ($MN)
40 Global Soft Robotics Market Outlook, By Healthcare Providers (2022-2030) ($MN)
41 Global Soft Robotics Market Outlook, By Manufacturing Industry (2022-2030) ($MN)
42 Global Soft Robotics Market Outlook, By Automotive Industry (2022-2030) ($MN)
43 Global Soft Robotics Market Outlook, By Consumer Electronics Industry (2022-2030) ($MN)
44 Global Soft Robotics Market Outlook, By Research Institutions and Academia (2022-2030) ($MN)
45 Global Soft Robotics Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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