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Soft robotics, which is distinguished using flexible and deformable resources, has become increasingly popular due to its ability to provide a special set of features not present in conventional rigid robotics. The need for more secure human-robot interactions, the requirement for flexible robotic solutions, and the rise in automation in a variety of industries all influence the market dynamics.
The need for safer human-robot cooperation is one of the main factors propelling the soft robotics market. Because of their inflexible construction, regular industrial robots have frequently been restricted to regulated surroundings, which has limited their ability to interact with people. Because soft robotics is flexible and obedient, robots can work side by side with humans without endangering them. This has led to a rise in usage in industries including manufacturing, wherein soft robotic exoskeletons help people with movement problems, and healthcare, where they enable human workers to collaborate with robotic counterparts.
Furthermore, new opportunities for automation across industries have been made possible by the adaptability of soft robots. Soft robots are highly adaptable to intricate and chaotic settings, which makes them ideal for jobs requiring quick reflexes and dexterity. For example, soft robotic grippers in agriculture may handle fruits gently without breaking them, and soft robotic platforms in search and rescue can easily maneuver across difficult terrain. Due to its versatility, soft robots have been integrated into a wide range of industries, propelling the market's expansion.
The need for lightweight and compact robotic systems has added to the fluid market situation in addition to security and adaptability. Soft robotics, which are frequently made of lightweight components and parts, are ideal for uses where weight and space restrictions are important considerations. This is especially true in the realm of medical automation, where surgeons may perform minimally invasive procedures with greater precision and agility in limited locations thanks to the use of soft robotic equipment.
Novel materials that combine durability and flexibility are being investigated by academics and businesses to create soft robots that will last longer and perform better. Furthermore, the use of sophisticated sensors and algorithms for machine learning amplifies the self-sufficiency and judgment of soft robotic systems. Associations between corporate companies and educational organizations becomes increasingly important as the soft robotics industry continues to expand. Soft robotics is a multidisciplinary area that requires knowledge from computer science, materials science, engineering, and other disciplines.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Application, and Region |
Soft Robotics Market Highlights:
Global Soft Robotics Market Overview:
Soft Robotics Market Size was valued at USD 0.45 billion in 2023. The soft robotics market industry is projected to grow from USD 0.58 Billion in 2024 to USD 3.89 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 26.64% during the forecast period (2024 - 2032). The growing need for automation in food processing, e-commerce, and other end-user industries is the key market driver enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Soft Robotics Market Trends
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The growing need for automation in food processing, e-commerce is driving the market growth
The growing need for automation in the food processing, e-commerce, and other end-user industries is one of the factors propelling the growth of the soft robotics market. The market for soft robotics is expanding due to the rising investments and funding made in R&D by numerous nations.
Exoskeletons are a newly developed technology that could shield and save factory and warehouse workers from shoulder, back, and neck pain and injuries brought on by heavy and repetitive lifting. Researchers are creating soft, wearable robots that mimic muscle movements. An exoskeleton that lowers the metabolic cost of walking was created in May 2021 by a research team at Queen's University in Canada. The research aims to develop an exoskeleton that can overcome some of the brakings that happen while walking, thereby lowering the metabolic cost of walking overall.
Exoskeletons used for both medical and non-medical purposes must adhere to international safety regulations that have been published by the ISO/IEC. The manufacturers of these products must abide by these rules to successfully commercialize them. Additionally, the likelihood of approval is arbitrary. Only if there is a reasonable assurance that the device is suitable for its application can it be accomplished. The commercialization process is delayed due to these factors and the absence of a single, centralized regulatory body, which limits the market's potential growth.
The focus of several players is the development of flexible pneumatic grippers that are ideal for delicate foods that would otherwise be harmed by rigid robotics. Due to labor shortages and concerns over disease transmission, the automation of the food industry has received much attention during the pandemic. In June 2021, the Soft Robotics company raised USD 10 million for research and development in its ground-breaking soft grasping, 3D perception, and AI technologies, citing pandemic-related demand. Thus, driving the soft robotics market revenue.
Soft Robotics Market Segment Insights:
Soft Robotics Type Insights
The soft robotics market segmentation, based on type, includes soft grippers, co-robots, inflated robots, wearable robots, edible robots and others. The wearable robots segment dominated the market, accounting for 35% of market revenue. The market growth for wearable robots will be inflated. The healthcare and packaging sectors have widely adopted wearable robots for process automation.
Figure 1: Soft Robotics Market, by Type, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Soft Robotics Application Insights
Based on application, the soft robotics market segmentation includes medical and healthcare, food and beverages, logistics, entertainment & gaming, automotive, survey & exploration and others. The medical and healthcare category generated the most income. The increase in urology, gynecology, orthopedic, and other chronic diseases is anticipated to be favorable for the robotic surgery market. Non-communicable diseases (NCDs), such as cardiovascular disease, cancer, diabetes, and chronic respiratory diseases, are to blame for nearly 71 percent of all fatalities worldwide, according to the most recent World Health Organization (WHO) report. It explains the 41 million NCD-related deaths per year.
Soft Robotics Regional Insights
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North American soft robotics market will dominate this market. The adoption of Soft Robotics globally, particularly in North America, is driven by the rise in gynecology, urology, and orthopedic-related disorders, along with improvements in medical facilities.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SOFT ROBOTICS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s soft robotics market accounts for the second-largest market share, mainly due to market growth in domestic production and widespread technology adoption. Regional vendors are playing a significant part in the innovation and advancement of soft robotics. Further, the German soft robotics market held the largest market share, and the UK soft robotics market was the fastest-growing market in the European region.
The Asia-Pacific Soft Robotics Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to the technology's widespread adoption and rising domestic production in the market. The innovation and advancement in soft robotics are also greatly influenced by the local vendors. For instance, the SIPRI estimates that China spent 252 billion dollars on its military in 2020, or 17% of its GDP and 13% of the total amount spent worldwide.
The budget for India's defense in 2002 was USD 72.09 billion. By 2023, India expects to have deployed advanced robotic soldiers thanks to investments in military robotics. Such a proclivity for robotic deployment is likely to expand the market in the area. Moreover, China’s soft robotics market held the largest market share, and the Indian soft robotics market was the fastest-growing market in the Asia-Pacific region.
Soft Robotics Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the soft robotics market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, soft robotics industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the soft robotics industry to benefit clients and increase the market sector. The soft robotics industry has offered some of the most significant advantages recently. Major players in the soft robotics market, including KAWADA Robotics Corporation (Japan), F&P Robotics AG (Switzerland), Ekso Bionics Holdings Inc. (US), Soft Robotics Inc. (US), RightHand Robotics Inc. (US), ReWalk Robotics Ltd. (Israel), Rethink Robotics (Germany), Kawasaki (Japan), Yaskawa Electric Corporation (Japan), AUBO Robotics Inc. (US), KUKA AG (Germany), ABB Ltd. (Switzerland), Techman Robot (Taiwan), FANUC Corporation (Japan), Universal Robots A/S (Denmark), and others, are attempting to increase market demand by investing in research and development operations.
Kawada Robotics Corporation is a Japanese company specializing in the development, manufacture and sale of advanced robotics technology. The company was founded in 1990 and is headquartered in Tokyo, Japan. Kawada Robotics is famous for its HRP series of humanoid robots used in various applications such as research, education and entertainment.
The company also makes industrial robots designed to work alongside humans, such as the DUO collaborative robot. Kawada Robotics is committed to advancing the field of robotics through research and development, and the company works with the world's leading research institutes and universities to develop advanced robotics technology. Overall, Kawada Robotics Corporation is a well-respected company in the robotics industry, and its innovative products and technologies continue to push the boundaries of what is possible with robotics.
ABB Corporation is a multinational corporation headquartered in Zurich, Switzerland. It is a leading technology company specializing in the development and manufacture of robotics, energy and automation solutions for a variety of industries, including utilities, transportation and manufacturing. The company was established in 1988 as a result of the merger between the Swedish company ASEA and the Swiss company Brown, Boveri & Cie. ABB operates in more than 100 countries and has approximately 110,000 employees worldwide. ABB's products include a range of industrial robots, such as the IRB 360 FlexPicker, for high-speed picking and packaging applications in the food, pharmaceutical and consumer goods industries.
The company also manufactures power systems such as transformers and switchgear and offers a range of automation solutions including control systems and software. In addition to focusing on technology, ABB is committed to sustainability and has set ambitious goals to reduce its environmental impact and increase the use of renewable energy in its operations. The company was also recognized for its efforts to promote diversity and inclusion in the workplace.
Key Companies in the soft robotics market include
- KAWADA Robotics Corporation (Japan)
- F&P Robotics AG (Switzerland)
- Ekso Bionics Holdings Inc. (US)
- Soft Robotics Inc. (US)
- RightHand Robotics Inc. (US)
- ReWalk Robotics Ltd. (Israel)
- Rethink Robotics (Germany)
- Kawasaki (Japan)
- Yaskawa Electric Corporation (Japan)
- AUBO Robotics Inc. (US)
- KUKA AG (Germany)
- ABB Ltd. (Switzerland)
- Techman Robot (Taiwan)
- FANUC Corporation (Japan)
- Universal Robots A/S (Denmark)
Soft Robotics Industry Developments
January 2022: Soft Robotics Inc. proclaimed that it had raised a USD 10 million Series B expansion to increase its commercial operations and meet the demand brought on by the COVID-19 pandemic. Additionally, the money will be used to launch the business' robotics solution powered by SoftAI. Industrial robots can now mimic human hand-eye coordination thanks to SoftAI's 3D vision and artificial intelligence technology on IP69K certified soft grips from Soft Robotics.
February 2021: Rightpick 3, which features dense packing, damage-free item handling, and handles an even wider range of items, was just released, according to Righthand Robotics Inc. The announcement is also in line with ProMatDX's virtual material handling automation showcase.
Soft Robotics Market Segmentation:
Soft Robotics Type Outlook
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Soft Grippers
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Co-Robots
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Inflated Robots
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Wearable Robots
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Edible Robots
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Others
Soft Robotics Application Outlook
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Medical and Healthcare
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Food and Beverages
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Logistics
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Entertainment & Gaming
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Automotive
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Survey & Exploration
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Others
Soft Robotics Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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