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Soft Robotics Market Size, Share, and Industry Report [2031]
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Soft Robotics Market Size, Share, and Industry Report [2031]

Segments - Global Soft Robotics Market by Components (Hardware and Software), Types (Soft Grippers, Cobots, Inflated Robots, and Exoskeletons), Applications (Human-machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, and Rehabilitation and Wearable Robots), End-users (Healthcare, Advanced Manufacturing, Food & Beverages, Logistics, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031

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Author : Raksha Sharma
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Upcoming | Report ID :ICT-SE-4623 | 4.8 Rating | 78 Reviews | 219 Pages | Format : PDF Excel PPT

Report Description


The global soft robotics market size was valued at around USD 0.86 billion in 2022 and is anticipated to reach USD 9.57 billion by 2031, expanding at a CAGR of around 30.7% during the forecast period, 2023 to 2031. Growing investment in developing advanced technologies and deployment of artificial intelligence (AI) and internet of things (IoT), and 3D devices are boosting the market.

Soft robotics is a subfield of robotics that focuses on technologies, which closely resembles the physical characteristics of living organisms. Soft robotics is a robotic system made of material that is similar to softness to human soft tissues. These robots are concerned with the design, fabrication, and control of compliant materials over rigid links.

Soft Robotics Market Outlook

Soft robots are made-up of urethanes, gasses, braided fabrics, silicone elastomers, hydrogels, and hydraulic fluids. This material allows soft robots to accomplish many humanoid tasks. Furthermore, soft robotics is available for various application areas including wearable soft robots, origami muscle robots, and prosthetic limbs.

Soft robotics offers benefits to the users such as a simple gripping system, multifunctional, safe human-machine interaction, reprogrammable, versatile systems intelligence linking to the sensing action, and adaptability to wearable devices.

  • Rising adoption of artificial intelligence (AI) and internet of things (IoT) technologies is boosting the use of soft robotics, thus propelling the market.

  • Growing adoption of soft robotics by various industries such as food and beverages retail, logistics, and manufacturing, especially by the healthcare industry, is fueling the market.

  • The reduction in the sensor costs and transforming and developing existing robotics is driving the market.

  • High cost associated with soft robotics in developing or underdeveloped countries is hampering the market.

  • Growing innovation in robotics for small and medium-sized companies is providing opportunities for the market.

  • Rising industrialization and automation increase the demand for soft robotics at the workplace is creating opportunities in the market.

Scope of Soft Robotics Market Report

The report on the global soft robotics market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Soft Robotics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Components (Hardware and Software), Types (Soft Grippers, Cobots, Inflated Robots, and Exoskeletons), Applications (Human-machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, and Rehabilitation and Wearable Robots), End-users (Healthcare, Advanced Manufacturing, Food & Beverages, Logistics, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, Divers, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

ABB, Bioservo Technologies AB, CYBERDYNE INC, Ekso Bionics, F&P Robotics AG, Festo Corporation, ReWalk Robotics, RightHand Robotics, Inc, ROAM ROBOTICS, Soft Robotics, SoftGripping, and YASKAWA ELECTRIC CORPORATION

Soft Robotics Market Segment Insights

Hardware segment to hold significant market share

In terms of components, the global soft robotics market is segmented into hardware and software. The hardware segment is expected to hold a significant market share during the forecast period, due to the ability of hardware devices to implement mechanical energy.

The hardware components offer different characters related to the specific function performed by soft robots by managing physical tasks. Moreover, hardware-based soft robots can easily navigate delicate environments without damaging themselves or their surroundings, which is expected to boost the segment during the forecast period.

Soft Robotics Market Components

Soft grippers segment to hold a substantial market share

On the basis of types, the soft robotics market is fragmented into soft grippers, cobots, inflated robots, and exoskeletons. The soft grippers segment constituted a significant market share and is projected to expand at a rapid rate during the forecast period, due to the growing adoption by manufacturers to automate the manufacturing processes. A soft gripper enables robots to pick up and hold the objects.

Moreover, soft grippers offer several benefits in the manufacturing processes such as assembling, picking & place, inspecting, and machine tending, which are anticipated to propel the segment during the forecast period.

Rehabilitation and wearable robots segment to grow in the forecasted period

Based on applications, the global soft robotics market is segregated into human-machine interface and interaction, locomotion and exploration, manipulation, medical and surgical applications, and rehabilitation and wearable robots. The rehabilitation and wearable robots segment is expected to hold a significant share of the market during the forecast period, due to rising adoption by the manufacturing and warehouse sectors.

Soft robotics has the potential to save and protect workers from back pain, shoulders, neck pain, and injuries that may occur due to heavy and repetitive lifting. Many researchers are researching for the developing soft, wearable robots that stimulate muscle movements.

For instance, General Motor and Bioservo came together to develop a battery-powered exoskeleton glove ‘Iron Hand’. The glove has motors and sensors in each finger that can automatically respond to the level of force at the time of lifting or gripping. This, in turn, is anticipated to fuel the market during the forecast period.

Soft Robotics Market Applications

Healthcare segment estimated to grow in the near future

In terms of end-users, the soft robotics market is segregated into healthcare, advanced manufacturing, food & beverages, logistics, and others. The healthcare segment is expected to hold a significant share of the market during the forecast period, growing adoption of soft robotics in the medical and healthcare industries.

In the healthcare industry, soft robots are used to streamline hospital logistics includes supply deliveries and disinfection, assist with surgery, and provide more attention to patients by engaging with them. Additionally, medical soft robots design includes surgical, rehabilitation, and diagnostic soft robots and is categorized by applications and functionality. These factors are anticipated to propel the segment during the forecast period.

Market in Asia Pacific to grow at a rapid pace

In terms of regions, the global soft robotics market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020, due to the rising adoption of technologies with increasing production in the domestic market.

The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, owing to the development of advanced manufacturing processes and activities.

Additionally, the growing adoption of exoskeleton robotics in countries like Japan and China for preventing workplace injury is boosting the market. The exoskeleton robotics are used to assist injured and disabled people and allow aging people to stay longer in the workforce, which is promoting market growth in the region.

Soft Robotics Market Regions

Segments

By Components

  • Hardware
  • Software

By Types

  • Soft Grippers
  • Cobots
  • Inflated Robots
  • Exoskeletons

By Applications

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

By End-users

  • Healthcare
  • Advanced Manufacturing
  • Food & Beverages
  • Logistics
  • Others

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • ABB
  • Bioservo Technologies AB
  • CYBERDYNE INC
  • Ekso Bionics
  • F&P Robotics AG
  • Festo Corporation
  • ReWalk Robotics
  • RightHand Robotics, Inc
  • ROAM ROBOTICS
  • Soft Robotics
  • SoftGripping
  • YASKAWA ELECTRIC CORPORATION

Competitive Landscape

Key players in the global soft robotics market include ABB, Bioservo Technologies AB, CYBERDYNE INC, Ekso Bionics, F&P Robotics AG, Festo Corporation, ReWalk Robotics, RightHand Robotics, Inc, ROAM ROBOTICS, Soft Robotics, SoftGripping, and YASKAWA ELECTRIC CORPORATION.

These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Soft Robotics Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soft Robotics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Soft Robotics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Soft Robotics Market - Supply Chain
  4.5. Global Soft Robotics Market Forecast
     4.5.1. Soft Robotics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Soft Robotics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Soft Robotics Market Absolute $ Opportunity
5. Global Soft Robotics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Soft Robotics Market Size and Volume Forecast by Types
     5.3.1. Soft Grippers
     5.3.2. Cobots
     5.3.3. Inflated Robots
     5.3.4. Exoskeletons
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Soft Robotics Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Soft Robotics Market Size and Volume Forecast by Applications
     6.3.1. Human-machine Interface and Interaction
     6.3.2. Locomotion and Exploration
     6.3.3. Manipulation
     6.3.4. Medical and Surgical Applications
     6.3.5. Rehabilitation and Wearable Robots 
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Soft Robotics Market Analysis and Forecast by End Users
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by End Users
     7.2.2. Y-o-Y Growth Projections by End Users
  7.3. Soft Robotics Market Size and Volume Forecast by End Users
     7.3.1. Healthcare
     7.3.2. Advanced Manufacturing
     7.3.3. Food & Beverages
     7.3.4. Logistics
     7.3.5. Others
  7.4. Absolute $ Opportunity Assessment by End Users
  7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Soft Robotics Market Analysis and Forecast by Region
  8.1. Market Trends
  8.2. Introduction
     8.2.1. Basis Point Share (BPS) Analysis by Region
     8.2.2. Y-o-Y Growth Projections by Region
  8.3. Soft Robotics Market Size and Volume Forecast by Region
     8.3.1. North America
     8.3.2. Latin America
     8.3.3. Europe
     8.3.4. Asia Pacific
     8.3.5. Middle East and Africa (MEA)
  8.4. Absolute $ Opportunity Assessment by Region
  8.5. Market Attractiveness/Growth Potential Analysis by Region
  8.6. Global Soft Robotics Demand Share Forecast, 2019-2026
9. North America Soft Robotics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
  9.2. North America Soft Robotics Market Size and Volume Forecast by Country
     9.2.1. U.S.
     9.2.2. Canada
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. North America Soft Robotics Market Size and Volume Forecast by Types
     9.4.1. Soft Grippers
     9.4.2. Cobots
     9.4.3. Inflated Robots
     9.4.4. Exoskeletons
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. North America Soft Robotics Market Size and Volume Forecast by Applications
     9.7.1. Human-machine Interface and Interaction
     9.7.2. Locomotion and Exploration
     9.7.3. Manipulation
     9.7.4. Medical and Surgical Applications
     9.7.5. Rehabilitation and Wearable Robots 
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. North America Soft Robotics Market Size and Volume Forecast by End Users
     9.10.1. Healthcare
     9.10.2. Advanced Manufacturing
     9.10.3. Food & Beverages
     9.10.4. Logistics
     9.10.5. Others
  9.11. Basis Point Share (BPS) Analysis by End Users
  9.12. Y-o-Y Growth Projections by End Users
  9.13. Market Attractiveness/Growth Potential Analysis
     9.13.1. By Country
     9.13.2. By Product Type
     9.13.3. By Application
  9.14. North America Soft Robotics Demand Share Forecast, 2019-2026
10. Latin America Soft Robotics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Latin America Average Pricing Analysis
  10.2. Latin America Soft Robotics Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
  10.4. Latin America Soft Robotics Market Size and Volume Forecast by Types
     10.4.1. Soft Grippers
     10.4.2. Cobots
     10.4.3. Inflated Robots
     10.4.4. Exoskeletons
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Latin America Soft Robotics Market Size and Volume Forecast by Applications
     10.7.1. Human-machine Interface and Interaction
     10.7.2. Locomotion and Exploration
     10.7.3. Manipulation
     10.7.4. Medical and Surgical Applications
     10.7.5. Rehabilitation and Wearable Robots 
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Latin America Soft Robotics Market Size and Volume Forecast by End Users
     10.10.1. Healthcare
     10.10.2. Advanced Manufacturing
     10.10.3. Food & Beverages
     10.10.4. Logistics
     10.10.5. Others
  10.11. Basis Point Share (BPS) Analysis by End Users
  10.12. Y-o-Y Growth Projections by End Users
  10.13. Market Attractiveness/Growth Potential Analysis
     10.13.1. By Country
     10.13.2. By Product Type
     10.13.3. By Application
  10.14. Latin America Soft Robotics Demand Share Forecast, 2019-2026
11. Europe Soft Robotics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Europe Average Pricing Analysis
  11.2. Europe Soft Robotics Market Size and Volume Forecast by Country
     11.2.1. Germany
     11.2.2. France
     11.2.3. Italy
     11.2.4. U.K.
     11.2.5. Spain
     11.2.6. Russia
     11.2.7. Rest of Europe
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Europe Soft Robotics Market Size and Volume Forecast by Types
     11.4.1. Soft Grippers
     11.4.2. Cobots
     11.4.3. Inflated Robots
     11.4.4. Exoskeletons
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Europe Soft Robotics Market Size and Volume Forecast by Applications
     11.7.1. Human-machine Interface and Interaction
     11.7.2. Locomotion and Exploration
     11.7.3. Manipulation
     11.7.4. Medical and Surgical Applications
     11.7.5. Rehabilitation and Wearable Robots 
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Europe Soft Robotics Market Size and Volume Forecast by End Users
     11.10.1. Healthcare
     11.10.2. Advanced Manufacturing
     11.10.3. Food & Beverages
     11.10.4. Logistics
     11.10.5. Others
  11.11. Basis Point Share (BPS) Analysis by End Users
  11.12. Y-o-Y Growth Projections by End Users
  11.13. Market Attractiveness/Growth Potential Analysis
     11.13.1. By Country
     11.13.2. By Product Type
     11.13.3. By Application
  11.14. Europe Soft Robotics Demand Share Forecast, 2019-2026
12. Asia Pacific Soft Robotics Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Asia Pacific Average Pricing Analysis
  12.2. Asia Pacific Soft Robotics Market Size and Volume Forecast by Country
     12.2.1. China
     12.2.2. Japan
     12.2.3. South Korea
     12.2.4. India
     12.2.5. Australia
     12.2.6. Rest of Asia Pacific (APAC)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Asia Pacific Soft Robotics Market Size and Volume Forecast by Types
     12.4.1. Soft Grippers
     12.4.2. Cobots
     12.4.3. Inflated Robots
     12.4.4. Exoskeletons
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Asia Pacific Soft Robotics Market Size and Volume Forecast by Applications
     12.7.1. Human-machine Interface and Interaction
     12.7.2. Locomotion and Exploration
     12.7.3. Manipulation
     12.7.4. Medical and Surgical Applications
     12.7.5. Rehabilitation and Wearable Robots 
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Asia Pacific Soft Robotics Market Size and Volume Forecast by End Users
     12.10.1. Healthcare
     12.10.2. Advanced Manufacturing
     12.10.3. Food & Beverages
     12.10.4. Logistics
     12.10.5. Others
  12.11. Basis Point Share (BPS) Analysis by End Users
  12.12. Y-o-Y Growth Projections by End Users
  12.13. Market Attractiveness/Growth Potential Analysis
     12.13.1. By Country
     12.13.2. By Product Type
     12.13.3. By Application
  12.14. Asia Pacific Soft Robotics Demand Share Forecast, 2019-2026
13. Middle East & Africa Soft Robotics Market Analysis and Forecast
  13.1. Introduction
     13.1.1. Basis Point Share (BPS) Analysis by Country
     13.1.2. Y-o-Y Growth Projections by Country
     13.1.3. Middle East & Africa Average Pricing Analysis
  13.2. Middle East & Africa Soft Robotics Market Size and Volume Forecast by Country
     13.2.1. Saudi Arabia
     13.2.2. South Africa
     13.2.3. UAE
     13.2.4. Rest of Middle East & Africa (MEA)
  13.3. Absolute $ Opportunity Assessment by Country
  13.4. Middle East & Africa Soft Robotics Market Size and Volume Forecast by Types
     13.4.1. Soft Grippers
     13.4.2. Cobots
     13.4.3. Inflated Robots
     13.4.4. Exoskeletons
  13.5. Basis Point Share (BPS) Analysis by Types
  13.6. Y-o-Y Growth Projections by Types
  13.7. Middle East & Africa Soft Robotics Market Size and Volume Forecast by Applications
     13.7.1. Human-machine Interface and Interaction
     13.7.2. Locomotion and Exploration
     13.7.3. Manipulation
     13.7.4. Medical and Surgical Applications
     13.7.5. Rehabilitation and Wearable Robots 
  13.8. Basis Point Share (BPS) Analysis by Applications
  13.9. Y-o-Y Growth Projections by Applications
  13.10. Middle East & Africa Soft Robotics Market Size and Volume Forecast by End Users
     13.10.1. Healthcare
     13.10.2. Advanced Manufacturing
     13.10.3. Food & Beverages
     13.10.4. Logistics
     13.10.5. Others
  13.11. Basis Point Share (BPS) Analysis by End Users
  13.12. Y-o-Y Growth Projections by End Users
  13.13. Market Attractiveness/Growth Potential Analysis
     13.13.1. By Country
     13.13.2. By Product Type
     13.13.3. By Application
  13.14. Middle East & Africa Soft Robotics Demand Share Forecast, 2019-2026
14. Competition Landscape
  14.1. Global Soft Robotics Market: Market Share Analysis
  14.2. Soft Robotics Distributors and Customers
  14.3. Soft Robotics Market: Competitive Dashboard
  14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     14.4.1. ABB
     14.4.2. Bioservo Technologies AB
     14.4.3. CYBERDYNE INC
     14.4.4. Ekso Bionics
     14.4.5. F&P Robotics AG
     14.4.6. Festo Corporation
     14.4.7. ReWalk Robotics
     14.4.8. RightHand Robotics, Inc

Methodology

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