Soft Robotics Market, By Application (Human-Machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, Rehabilitation and Wearable, and Robots), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI416120 | Publish Date: March 2024 | No. of Pages: 152

Global Soft Robotics Market Overview

Soft robots are primarily composed of easily deformable matter such as fluids, gels, where softness may refer to both structural compliance and inherent material compliance. These products serve specific purposes in application areas like food processing, pharmaceutical packaging, etc. Soft Robots have provided the end-user industries with the ability to automate over the past few years.

Global Soft Robotics Market Dynamics

Increasing Need for Automation

The increasing need for automation in industries like food processing, e-commerce, etc. This leads to increase in adoption of soft robots due to their highly stable and accurate performance. The main reason for such adoption is to have better quality, and safety in terms of injuries that arise from machineries. In manufacturing and production line of the industry, soft robots are deliberately used to move materials and perform a varied of programmed tasks. Increased investments/funding in research and development across nation’s fuels the growth of the soft robotics market.

 Increasing Concern in Workplace Safety

The need for human safety in manufacturing units is also boosting the growth of the global market. Indifference to robots built from rigid equipment, soft robots allow for increased suppleness and adaptability for accomplishing tasks, as well as improved safety when working around humans. It draws heavily from the way in which living organisms move and adapt to their surroundings. 

High Manufacturing Cost

The soft robot need to be frequently upgraded to keep them compatible. Also the cost of all components in a soft robots incur a high cost during the manufacturing and assembling process. Moreover, its manufacturing and installation is a time-consuming process. Therefore high initial cost coupled with maintenance cost hinder the adoption of soft robots.

The reduction in the cost of sensors and the popularity of the existing robots are significant signs that indicate the field of robotics is going through significant transformation and development. With the advent of self-learning soft robots through AI, the soft robotics market is expected to witness drastic change over the forecast period.

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Global Soft Robotics Market Segmentation

The soft robotics market is segmented based on application, and region.

On the basis of application, the soft robotics market is segmented into human-machine interface and interaction, locomotion and exploration, manipulation, medical and surgical applications, rehabilitation and wearable, and robots.

Regional Insights:

On region the global soft robotics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in The Asia Pacific, North America and Europe are the major regional markets for soft robotics. North America, followed by Europe, is anticipated to grow as the largest market in the forecast period. This is attributed to the high concentration of dominant market players and the easy availability of proficient technical expertise in the region. Also, the end-users in the region are the early adopters of robotics technology, which is expected to further drive the growth of the soft robotics market. However, Asia-Pacific is expected to be the fastest growing regional market owing to the growing number of automated manufacturing industries with increased throughput.

 

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 to 2030

Market Segmentation

By Application – Human-Machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, Rehabilitation and Wearable, and Robots

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the soft robotics market report based on application, and region:

Soft Robotics Market, By Application:

  • Human-Machine Interface and Interaction
  • Locomotion and Exploration
  • Manipulation
  • Medical and Surgical Applications
  • Rehabilitation and Wearable
  • Robots

Soft Robotics Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • U.S.
    • Canada

Rest of Middle East & Africa

Global Soft Robotics Market Key Players

The key players operating the soft robotics market includes Soft Robotics Inc, Fanuc, RightHand Robotics, Ekso Bionics Holdings, Bionik Laboratories, ABB, KUKA, ReWalk Robotics, Cyberdyne, and Yaskawa Electric. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in January 2019, Soft Robotics Inc. launched mGrip, the company’s first on-demand, and modular automation system. This will enable the rapid proliferation of soft robotics, and allow users to leverage the company’s technology to build, validate, and install production-ready systems quickly. In August 2019, Ekso Bionics Unveils EksoNR Neurorehabilitation Suit.

Global Soft Robotics Market Company Profile

  • Soft Robotics Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fanuc
  • RightHand Robotics
  • Ekso Bionics Holdings
  • Bionik Laboratories
  • ABB
  • KUKA
  • ReWalk Robotics
  • Cyberdyne
  • Yaskawa Electric

 “*” marked represents similar segmentation in other categories in the respective section

Global Soft Robotics Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for Soft Robotics Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Human-Machine Interface and Interaction
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Locomotion and Exploration
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Manipulation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Medical and Surgical Applications
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Rehabilitation and Wearable
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Robots
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Soft Robotics and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Soft Robotics and Forecast (US$ Mn), By Country, 2020 – 2030
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Soft Robotics and Forecast (US$ Mn), By Country, 2020 – 2030
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Soft Robotics and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Soft Robotics and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  8. Company Profiles
  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Semiconductor Microelectronics Market, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Human-Machine Interface and Interaction
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Locomotion and Exploration
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Manipulation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Medical and Surgical Applications
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Rehabilitation and Wearable
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Robots
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Semiconductor Microelectronics Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Product Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • Soft Robotics Inc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Fanuc
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • RightHand Robotics
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Ekso Bionics Holdings
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Bionik Laboratories
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • ABB
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • KUKA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • ReWalk Robotics
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Cyberdyne
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Yaskawa Electric
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contac

FAQs

The market report has been segmented on the basis of application, and region.

The Soft Robotics Market is driven by factors such as the increasing demand for flexible and adaptable robotic solutions, advancements in soft materials and robotics technology, the need for robots to interact safely with humans and delicate objects, and the growing applications in industries like healthcare, food and beverage, and logistics.

The complexity of developing and programming soft robotic systems, limitations in payload capacity and speed compared to traditional robots, the need for specialized skills in designing and operating soft robots, and competition from conventional robotic solutions, acting as restraints for the Soft Robotics Market globally.

North America, Europe, Asia-Pacific, and Latin America. North America, particularly the United States, is expected to dominate the Soft Robotics Market, driven by investments in research and development, the presence of key players in robotics innovation, and the adoption of soft robotics in industries such as healthcare and logistics.

The prominent player operating in the global Soft Robotics market includes Soft Robotics Inc, Fanuc, RightHand Robotics, Ekso Bionics Holdings, Bionik Laboratories, ABB, KUKA, ReWalk Robotics, Cyberdyne, and Yaskawa Electric.