Global Edible Soft Robotics Market, By Components (Hardware, Software), End-Users (Logistics, Medical and Healthcare, Automotive, Food and Beverages, Advanced Manufacturing, E-Commerce and Retail, Others) – Industry Trends and Forecast to 2029.
Edible Soft Robotics Market Analysis and Size
Edible soft robotics is more readily being used in the food and beverages sector. The increasing demands and rising market strategies amongst the key market players will create significant lucrative growth opportunities for the inflated soft robotics market over the forecasted period.
Global edible soft robotics market was valued at USD 3,490.30 million in 2021 and is expected to reach USD 49201.31 million by 2029, registering a CAGR of 39.20% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Edible Soft Robotics Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Components (Hardware, Software), End-Users (Logistics, Medical and Healthcare, Automotive, Food and Beverages, Advanced Manufacturing, E-Commerce and Retail, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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CYBERDYNE INC. (Japan), Ekso Bionics (U.S.), FANUC CORPORATION (Japan), FRANKA EMIKA GmbH (Germany), GLI Technologies (Germany), Piab AB (Sweden), ReWalk Robotics (U.S.), RightHand Robotics, Inc. (U.S.), Rolls-Royce (U.K.), SynTouch Inc. (U.S.), Ubiros (U.S.), Universal Robots (Denmark), TECHMAN ROBOT INC. (Taiwan), ABB (Switzerland), KUKA AG (Germany), YASKAWA ELECTRIC CORPORATION. (Japan), AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD (Beijing), INDIA KAWASAKI MOTORS PVT. LTD. (Japan), Ekso Bionics (U.S.), F&P Robotics AG (Switzerland), Kawada Industries Inc. (Japan)
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Market Opportunities
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Market Definition
Scientists have created edible transistors, batteries, electrodes, actuators and others that are made up of gelatin-based material that act as a food source, also known as the edible soft robots. They have wide usages, such as they serve as a major food source in rescue scenarios and others.
Global Edible Soft Robotics Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Rising Automation in the Food and Beverages Sector
Rising automation in the food and beverages industry is the main factor driving the growth of the inflated soft robotics market over the forecasted period. The rising demand for food automation has increased significantly due to the pandemic. Scientists have created edible transistors, batteries, electrodes, actuators and others that are made up of gelatin-based material that acts as a food source. Food processors grappling with the shortage of labor, food safety regulations and certain other factors are driving the growth of the inflated soft robotics market over the forecasted period.
- Increasing need for safer automation solutions
Safer automation solutions and safe and dynamic interaction with humans are paramount to collaborative robots. Automation technologies can help in safer solutions and enable users to work efficiently without human intervention. It also reduces accidents during the manufacturing processes. The new guidelines and regulations initiated by the government for safer automation solutions and usage of automation technologies will further drive the growth of the market during the forecasted period.
Opportunities
- Growing Demands and Technological Advancements
The growing demands of edible soft robots in the food and beverages sector and the growing technological advancements in the soft robot manufacturing are estimated to generate lucrative opportunities for the market. They have wide range of usage such as they serve as a major food source in rescue scenarios, as a source of electrical energy in human medical devices and serve as food source for their own (self-eating) function. All these technological advancements in manufacturing of soft robots will further create significant lucrative growth opportunities for the market over the forecasted period.
Restraints/Challenges
- High costs and maintenance
The installation cost and increased maintenance are the major factors expected to obstruct the market's growth over the forecasted period. These factors are projected to create challenges for the edible soft robotics market over the forecast period.
- Lack of awareness
Lack of awareness regarding the soft robotics and its applications in developing countries is also a major factor hindering the growth of the edible soft robotics market over the forecasted period.
This edible soft robotics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the edible soft robotics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent developments
- In 2020, a new business facility was established in Frankfurt, Germany to enhance the European region's expansion program by Right Hand Robotics Inc, to create a powerful ownership based on the increased sales of the edible soft robots.
Global Edible Soft Robotics Market Scope
The edible soft robotics market is segmented on the basis of components and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Components
- Hardware
- Software
End-Users
- Logistics
- Medical and Healthcare
- Automotive
- Food and Beverages
- Advanced Manufacturing
- E-Commerce and Retail
- Others
Edible Soft Robotics Market Regional Analysis/Insights
The edible soft robotics market is analyzed and market size insights and trends are provided by components and end-user as referenced above.
The countries covered in the edible soft robotics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the edible soft robotics market during the forecast period of 2022 to 2029 because of the development of data center along with introduction of 5G network within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rising demand of high speed connectivity devices within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Edible Soft Robotics Market Share Analysis
The edible soft robotics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to edible soft robotics market.
Some of the major players operating in the edible soft robotics market are
- CYBERDYNE INC. (Japan)
- Ekso Bionics (U.S.)
- FANUC CORPORATION (Japan)
- FRANKA EMIKA GmbH (Germany)
- GLI Technologies (Germany)
- Piab AB (Sweden)
- ReWalk Robotics (U.S.)
- RightHand Robotics, Inc. (U.S.)
- Rolls-Royce (U.K.)
- SynTouch Inc. (U.S.)
- Ubiros (U.S.)
- Universal Robots (Denmark)
- TECHMAN ROBOT INC. (Taiwan)
- ABB (Switzerland)
- KUKA AG (Germany)
- YASKAWA ELECTRIC CORPORATION. (Japan)
- AUBO (BEIJING) ROBOTICS TECHNOLOGY CO., LTD (Beijing)
- INDIA KAWASAKI MOTORS PVT. LTD. (Japan)
- Ekso Bionics (U.S.)
- F&P Robotics AG (Switzerland)
- Kawada Industries Inc. (Japan)
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