Global Soft Robotics Market Segmentation, By Type (Soft Grippers, Co-Robots, Inflated Robots, Wearable Robots, Edible Robots, and Others), Components (Hardware and Software), Application (Medical and Healthcare, Food and Beverages, Logistics, Entertainment and Gaming, Automotive, Survey and Exploration, and Others) – Industry Trends and Forecast to 2031.
Soft Robotics Market Analysis
Soft robotics technology is expected to simplify complex mechanical and recursive automation systems. The market for soft robotics is projected to experience growth throughout the forecast period from 2023 to 2030, driven by the rapid advancement of smart infrastructure within the healthcare sector. Increased adoption of IoT and AI technologies in the provision and retail industries is also anticipated to boost the global soft robotics market. However, high costs associated with soft robotics in developing countries pose a significant challenge to market growth, as does the substantial installation expense. On the other hand, innovations in soft robotics tailored for small- and medium-sized enterprises, along with substantial investments in research and development, present lucrative opportunities for the global soft robotics market.
Soft Robotics Market Size
Global Soft Robotics market size was valued at USD 3.41 billion in 2023 and is projected to reach USD 50.86 billion by 2031, with a CAGR of 40.2% during the forecast period of 2024 to 2031. 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.
Soft Robotics Market Trends
“Growth in Consumer Electronics and Entertainment”
The growth of the soft robotics market is significantly driven by its expanding applications in consumer electronics and entertainment. Soft robotics technology is increasingly being integrated into interactive toys, wearable technology, and immersive experiences, enhancing the user experience with its unique capabilities. In interactive toys, soft robots offer more engaging and responsive interactions, making them appealing to a wide audience. Wearable technology benefits from the flexibility and comfort provided by soft robots, leading to innovations in personal gadgets that adapt to the wearer’s movements. Additionally, in the realm of immersive experiences, soft robotics contributes to creating more realistic and adaptable environments, enhancing entertainment experiences. The ongoing innovation and development in these areas not only expand the applications of soft robotics but also drive market growth by opening new opportunities and attracting investment. As the demand for more interactive, adaptable, and engaging consumer products continues to rise, soft robotics will play a pivotal role in shaping the future of consumer electronics and entertainment.
Report Scope and Market Segmentation
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Attributes
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Soft Robotics Key Market Insights
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Segmentation
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Countries Covered
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U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America
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Key Market Players
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SoftBank Robotics (Japan), Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), iRobot (U.S.), KUKA AG (Germany), DJI (China), OMRON Corporation (Japan), Grenzebach Group (Germany), Murata Machinery, Ltd. (Japan), and Smith and Nephew plc (U.K.)
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Market Opportunities
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Value Added Data Infosets
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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.
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Soft Robotics Market Definition
Soft robotics is a specialized area within robotics that concentrates on designing, building, and applying robots and robotic systems made from flexible and deformable materials. Unlike conventional rigid robots constructed from metal and hard components, soft robots utilize materials like elastomers, polymers, and flexible textiles. This enables them to change shape, deform, and adjust to their surroundings.
Soft Robotics Market Dynamics
Drivers
- Increased Demand in Healthcare
Soft robotics is experiencing growing demand in the healthcare sector, particularly for applications like minimally invasive surgeries and rehabilitation therapies. Soft robots provide surgeons with precise control and the ability to interact safely with delicate human tissues, making them invaluable tools in complex medical procedures. Their flexibility and adaptability also make them suitable for assisting in patient rehabilitation by offering tailored, gentle support. As healthcare continues to innovate, the demand for these medical robots is expected to be a key driver of market growth.
- Rising Need for Automation
Automation is becoming increasingly critical across industries like manufacturing, logistics, and agriculture, driving the adoption of soft robotics. Unlike traditional rigid robots, soft robots are capable of handling delicate tasks, such as picking and packing fragile items in warehouses or navigating unstructured environments in agriculture. Their ability to perform complex operations with minimal risk of damage is pushing industries to incorporate them into various processes, helping to increase efficiency while maintaining safety standards. The flexibility of soft robots makes them an attractive solution for companies looking to automate intricate or sensitive tasks.
Opportunities
- Expanding Industrial Applications
Soft robotics presents significant opportunities across various industries, including food processing, automotive, and construction. The adaptability of these robots allows them to perform diverse tasks, reducing the need for specialized machinery in many industrial processes. Additionally, soft robots can work alongside human workers safely, helping to improve operational efficiency and workplace safety. Their ability to conform to different environments and tasks opens up new possibilities for industrial applications, making them a versatile solution for many sectors.
- Technological Advancements in Materials Science and Control Systems
Advancements in materials science and control systems are significantly enhancing the capabilities of soft robots. New materials that mimic natural tissues allow soft robots to perform more complex tasks with greater precision and flexibility. Improvements in sensing and control systems also enable better responsiveness and adaptability, making these robots increasingly sophisticated and functional. As these technologies continue to evolve, soft robotics will likely expand into new fields and applications, offering exciting opportunities for innovation.
Restraints/Challenges
- Cost and Scalability
One of the key challenges facing the soft robotics market is the high cost of developing and manufacturing these advanced systems. For smaller businesses and startups, the financial investment required can be a significant barrier to entry. Additionally, scaling production to meet growing demand while keeping costs affordable remains a difficult task. Addressing this issue will be critical for widespread adoption, as more industries seek to integrate soft robotics solutions.
- Limited Durability of Soft Robots
Soft robots are typically less durable than rigid robots, as the flexible materials used in their construction can degrade or wear out over time. This limitation can affect their long-term reliability, especially in industrial settings where robots are exposed to heavy use and high levels of wear and tear. As a result, companies may face higher maintenance costs and shorter robot lifespans, which can impact the overall cost-effectiveness of soft robotics solutions in certain applications.
This 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Soft Robotics Market Scope
The market is segmented on the basis of type, components, and application. 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.
Type
- Soft Grippers
- Co-Robots
- Inflated Robots
- Wearable Robots
- Edible Robots
- Others
Components
- Hardware
- Software
Application
- Medical and Healthcare
- Food and Beverages
- Logistics
- Entertainment and Gaming
- Automotive
- Survey and Exploration
- Others
Soft Robotics Market Regional Analysis
The market is analyzed and market size insights and trends are provided by country, type, components, and application as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the market due to the presence of major key players and advanced technological infrastructure within the region. North America’s robust investment in research and development, coupled with a high adoption rate of innovative robotic solutions across various industries, including healthcare, manufacturing, and logistics, reinforces its market leadership.
Asia-Pacific is expected to be the fastest growing due to the burgeoning development of the automotive and healthcare sectors, as well as the expansion of the life sciences industry. Countries like China, Japan, and South Korea are leading this growth due to their substantial investments in technology and infrastructure improvements.
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.
Soft Robotics Market Share
The market competitive landscape provides details by competitors. 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 market.
Soft Robotics Market Leaders Operating in the Market Are:
- SoftBank Robotics (Japan)
- Panasonic Corporation (Japan)
- Robert Bosch GmbH (Germany)
- iRobot (U.S.)
- KUKA AG (Germany)
- DJI (China)
- OMRON Corporation (Japan)
- Grenzebach Group (Germany)
- Murata Machinery, Ltd. (Japan)
- Smith and Nephew plc (U.K.)
Latest Developments in Soft Robotics Market
- In February 2024, RightHand Robotics, a leader in autonomous AI robotic picking solutions for order fulfillment, has announced a multi-year partnership with Staples Inc., a major provider of workspace products and solutions in the Americas. This agreement will enable Staples to deploy and implement the RightPick item-handling system, enhancing automation to achieve higher service levels and enable Next-Day Delivery to over 98% of the U.S.
- In December 2023, ReWalk Robotics, a prominent provider of advanced technologies for mobility and wellness in rehabilitation and daily life for individuals with neurological conditions, has successfully demonstrated a proof-of-concept for its next-generation exoskeleton
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