According to Inkwood Research, the global soft robotics market is projected to register a CAGR of 27.80% between 2021 and 2028, and is anticipated to generate revenue of $4213.40 million by 2028.
GLOBAL SOFT ROBOTICS MARKET FORECAST 2021-2028
Global Soft Robotics Market by Type (Inflated Robots, Collaborative Robots, Soft Grippers, Wearables, Other Types) Market by End-user (Healthcare, Logistics, Defense, Food & Beverage, Space) Market by Application (Human-machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, Rehabilitation) Market by Mobility (Stationary Soft Robots, Mobile Soft Robotics) Market by Components (Hardware, Software) by Geography
According to Inkwood Research, the global soft robotics market is projected to register a CAGR of 27.80% between 2021 and 2028, and is anticipated to generate revenue of $4213.40 million by 2028.
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Soft robotics is a sub-field of robotics that deals with building robots out of very compliant materials similar to those found in biological organisms. The way living organisms move and adapt to their surroundings has greatly influenced soft robotics. As opposed to stiff robots, soft robots have more flexibility and adaptability when it comes to completing tasks.
Soft robotics allows designing completely functional body components that can adjust to and mimic human movements. This is accomplished by using extremely flexible materials. Also, strong pneumatic actuation is utilized to replicate human motion.
Key factors propelling the global soft robotics market growth are:
- Automation in food & beverage industry
- Rapid industrial automation
- Technology adoption in healthcare
- Requirement of agility & efficiency in logistics
- The agility & efficiency in logistics enables to meet customer demand swiftly and affordably during fluctuations and high volume orders.
- This helps in differentiating the companies from their competitors in terms of the delivery of products.
Major growth restraining factors:
- Costs associated with soft robotics development
- The development of soft robots worthy of application needs high investments in R&D in terms of cost and time.
- This acts as an entry barrier for the new players and users since they require paying high costs for the end product.
- Hindrance in deployment due to less stretchability of electronic components
The report on the global soft robotics market includes the segmentation analysis of type, end-user, components, mobility, and application. These segments are further classified to provide a detailed analysis of the studied market.
Market by End-User:
- Logistics
- Logistics is the major end-user of soft robotics due to its extensive use cases.
- The increasing e-commerce and rising shipments of food & other delicate items will increase the use of soft robots by the end-user.
- Healthcare
- Defense
- Food & Beverage
- Space
Geographically, the global soft robotics market has been segmented based on four major regions, which includes:
- North America: The United States and Canada
- Europe: Germany, the United Kingdom, Italy, France, Belgium, Russia, Scandinavia, and Rest of Europe
- Asia Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia-Pacific
- The Asia-Pacific is the fastest-growing and dominating region in the global market.
- Technological developments in different sectors and advancements in supply chain and logistics drive the use of soft robots in the region.
- Rest of World: Latin America, the Middle East & Africa
The major players in the global soft robotics market are:
- Cyberdyne Inc
- Soft Robotics Inc
- F&P Personal Robotics
- Fanuc Corporation
Key strategies adopted by some of the soft robotics companies:
In June 2020, Soft Robotics Inc raised a $10M Series B extension to further expand commercial operations to meet COVID-19 pandemic-fueled demand.
Key findings of the global soft robotics market:
- Stationary soft robots are the fastest-growing in terms of mobility.
- Medical and surgical applications are the fastest-growing application in the market.
Frequently Asked Questions (FAQs):
- Which is the dominating component in the global soft robotics market?
A: Hardware is the dominating component in the global soft robotics market.
- Which is the fastest-growing type in the global soft robotics market?
A: Soft grippers are the fastest-growing type in the global soft robotics market.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- MARKET SCOPE
- KEY DRIVERS
- AUTOMATION IN FOOD & BEVERAGE INDUSTRY
- RAPID INDUSTRIAL AUTOMATION
- TECHNOLOGY ADOPTION IN HEALTHCARE
- REQUIREMENT OF AGILITY & EFFICIENCY IN LOGISTICS
- KEY RESTRAINTS
- COST ASSOCIATED WITH SOFT ROBOTICS DEVELOPMENT
- HINDRANCE IN DEPLOYMENT DUE TO LESS STRETCHABILITY OF ELECTRONIC COMPONENTS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON SOFT ROBOTICS MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY TYPE
- INFLATED ROBOTS
- COLLABORATIVE ROBOTS (CO-BOTS)
- SOFT GRIPPERS
- WEARABLES
- OTHER TYPES
- MARKET BY END-USER
- HEALTHCARE
- LOGISTICS
- DEFENSE
- FOOD & BEVERAGE
- SPACE
- MARKET BY APPLICATION
- HUMAN-MACHINE INTERFACE AND INTERACTION
- LOCOMOTION AND EXPLORATION
- MANIPULATION
- MEDICAL AND SURGICAL APPLICATIONS
- REHABILITATION
- MARKET BY MOBILITY
- STATIONARY SOFT ROBOTS
- MOBILE SOFT ROBOTICS
- MARKET BY COMPONENTS
- HARDWARE
- ACTUATORS
- SENSORS
- CONTROLS
- MODELLING & MANUFACTURING SYSTEMS
- SOFTWARE
- HARDWARE
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- SCANDINAVIA
- REST OF EUROPE
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- REST OF WORLD
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
- BUSINESS EXPANSIONS
- COMPANY PROFILES
- CYBERDYNE INC
- EKSO BIONICS HOLDINGS INC
- F&P PERSONAL ROBOTICS
- FANUC CORPORATION
- FESTO AG
- PIAB AB
- QB ROBOTICS
- REWALK ROBOTICS LTD
- RIGHTHAND ROBOTICS INC
- ROLLS-ROYCE HOLDINGS PLC
- SOFT ROBOTICS INC
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – SOFT ROBOTICS
TABLE 2: GLOBAL SOFT ROBOTICS MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 3: GLOBAL INFLATED ROBOTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 4: GLOBAL COLLABORATIVE ROBOTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 5: GLOBAL SOFT GRIPPERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 6: GLOBAL WEARABLES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 7: GLOBAL OTHER TYPES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 8: GLOBAL SOFT ROBOTICS MARKET, BY END-USER, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 9: GLOBAL HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 10: GLOBAL LOGISTICS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 11: GLOBAL DEFENSE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 12: GLOBAL FOOD & BEVERAGE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 13: GLOBAL SPACE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 14: GLOBAL SOFT ROBOTICS MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 15: GLOBAL HUMAN-MACHINE INTERFACE AND INTERACTION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 16: GLOBAL LOCOMOTION AND EXPLORATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 17: GLOBAL MANIPULATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 18: GLOBAL MEDICAL AND SURGICAL APPLICATIONS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 19: GLOBAL REHABILITATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 20: GLOBAL SOFT ROBOTICS MARKET, BY MOBILITY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 21: GLOBAL STATIONARY SOFT ROBOTS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 22: GLOBAL MOBILE SOFT ROBOTICS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 23: GLOBAL SOFT ROBOTICS MARKET, BY COMPONENTS, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 24: GLOBAL HARDWARE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 25: GLOBAL HARDWARE MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 26: GLOBAL SOFTWARE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 27: GLOBAL SOFT ROBOTICS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 28: NORTH AMERICA SOFT ROBOTICS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 29: KEY PLAYERS OPERATING IN NORTH AMERICA SOFT ROBOTICS MARKET
TABLE 30: EUROPE SOFT ROBOTICS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 31: KEY PLAYERS OPERATING IN EUROPE SOFT ROBOTICS MARKET
TABLE 32: ASIA-PACIFIC SOFT ROBOTICS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 33: KEY PLAYERS OPERATING IN ASIA-PACIFIC SOFT ROBOTICS MARKET
TABLE 34: REST OF WORLD SOFT ROBOTICS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)
TABLE 35: KEY PLAYERS OPERATING IN REST OF WORLD SOFT ROBOTICS MARKET
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: GLOBAL SOFT ROBOTICS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2020
FIGURE 6: GLOBAL SOFT ROBOTICS MARKET, BY INFLATED ROBOTS, 2021-2028 (IN $ MILLION)
FIGURE 7: GLOBAL SOFT ROBOTICS MARKET, BY COLLABORATIVE ROBOTS, 2021-2028 (IN $ MILLION)
FIGURE 8: GLOBAL SOFT ROBOTICS MARKET, BY SOFT GRIPPERS, 2021-2028 (IN $ MILLION)
FIGURE 9: GLOBAL SOFT ROBOTICS MARKET, BY WEARABLES, 2021-2028 (IN $ MILLION)
FIGURE 10: GLOBAL SOFT ROBOTICS MARKET, BY OTHER TYPES, 2021-2028 (IN $ MILLION)
FIGURE 11: GLOBAL SOFT ROBOTICS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2020
FIGURE 12: GLOBAL SOFT ROBOTICS MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)
FIGURE 13: GLOBAL SOFT ROBOTICS MARKET, BY LOGISTICS, 2021-2028 (IN $ MILLION)
FIGURE 14: GLOBAL SOFT ROBOTICS MARKET, BY DEFENSE, 2021-2028 (IN $ MILLION)
FIGURE 15: GLOBAL SOFT ROBOTICS MARKET, BY FOOD & BEVERAGE, 2021-2028 (IN $ MILLION)
FIGURE 16: GLOBAL SOFT ROBOTICS MARKET, BY SPACE, 2021-2028 (IN $ MILLION)
FIGURE 17: GLOBAL SOFT ROBOTICS MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020
FIGURE 18: GLOBAL SOFT ROBOTICS MARKET, BY HUMAN-MACHINE INTERFACE AND INTERACTION, 2021-2028 (IN $ MILLION)
FIGURE 19: GLOBAL SOFT ROBOTICS MARKET, BY LOCOMOTION AND EXPLORATION, 2021-2028 (IN $ MILLION)
FIGURE 20: GLOBAL SOFT ROBOTICS MARKET, BY MANIPULATION, 2021-2028 (IN $ MILLION)
FIGURE 21: GLOBAL SOFT ROBOTICS MARKET, BY MEDICAL AND SURGICAL APPLICATIONS, 2021-2028 (IN $ MILLION)
FIGURE 22: GLOBAL SOFT ROBOTICS MARKET, BY REHABILITATION, 2021-2028 (IN $ MILLION)
FIGURE 23: GLOBAL SOFT ROBOTICS MARKET, GROWTH POTENTIAL, BY MOBILITY, IN 2020
FIGURE 24: GLOBAL SOFT ROBOTICS MARKET, BY STATIONARY SOFT ROBOTS, 2021-2028 (IN $ MILLION)
FIGURE 25: GLOBAL SOFT ROBOTICS MARKET, BY MOBILE SOFT ROBOTICS, 2021-2028 (IN $ MILLION)
FIGURE 26: GLOBAL SOFT ROBOTICS MARKET, GROWTH POTENTIAL, BY COMPONENTS, IN 2020
FIGURE 27: GLOBAL SOFT ROBOTICS MARKET, BY HARDWARE, 2021-2028 (IN $ MILLION)
FIGURE 28: GLOBAL SOFT ROBOTICS MARKET, BY ACTUATORS, 2021-2028 (IN $ MILLION)
FIGURE 29: GLOBAL SOFT ROBOTICS MARKET, BY SENSORS, 2021-2028 (IN $ MILLION)
FIGURE 30: GLOBAL SOFT ROBOTICS MARKET, BY CONTROLS, 2021-2028 (IN $ MILLION)
FIGURE 31: GLOBAL SOFT ROBOTICS MARKET, BY MODELLING & MANUFACTURING SYSTEMS, 2021-2028 (IN $ MILLION)
FIGURE 32: GLOBAL SOFT ROBOTICS MARKET, BY SOFTWARE, 2021-2028 (IN $ MILLION)
FIGURE 33: GLOBAL SOFT ROBOTICS MARKET, REGIONAL OUTLOOK, 2019 & 2020 (IN %) (VOLUME)
FIGURE 34: NORTH AMERICA SOFT ROBOTICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 35: UNITED STATES SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 36: CANADA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 37: EUROPE SOFT ROBOTICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 38: UNITED KINGDOM SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 39: GERMANY SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 40: FRANCE SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 41: ITALY SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 42: RUSSIA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 43: BELGIUM SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 44: SCANDINAVIA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 45: REST OF EUROPE SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 46: ASIA-PACIFIC SOFT ROBOTICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 47: CHINA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 48: JAPAN SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 49: INDIA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 50: SOUTH KOREA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 51: INDONESIA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 52: THAILAND SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 53: AUSTRALIA & NEW ZEALAND SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 54: REST OF ASIA-PACIFIC SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 55: REST OF WORLD SOFT ROBOTICS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
FIGURE 56: LATIN AMERICA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
FIGURE 57: MIDDLE EAST & AFRICA SOFT ROBOTICS MARKET, 2021-2028 (IN $ MILLION)
- MARKET BY TYPE
- INFLATED ROBOTS
- COLLABORATIVE ROBOTS (CO-BOTS)
- SOFT GRIPPERS
- WEARABLES
- OTHER TYPES
- MARKET BY END-USER
- HEALTHCARE
- LOGISTICS
- DEFENSE
- FOOD & BEVERAGE
- SPACE
- MARKET BY APPLICATION
- HUMAN-MACHINE INTERFACE AND INTERACTION
- LOCOMOTION AND EXPLORATION
- MANIPULATION
- MEDICAL AND SURGICAL APPLICATIONS
- REHABILITATION
- MARKET BY MOBILITY
- STATIONARY SOFT ROBOTS
- MOBILE SOFT ROBOTICS
- MARKET BY COMPONENTS
- HARDWARE
- ACTUATORS
- SENSORS
- CONTROLS
- MODELLING & MANUFACTURING SYSTEMS
- SOFTWARE
- HARDWARE
- GEOGRAPHICAL ANALYSIS
- NORTH AMERICA
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED STATES
- CANADA
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- RUSSIA
- BELGIUM
- SCANDINAVIA
- REST OF EUROPE
- ASIA-PACIFIC
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- CHINA
- JAPAN
- INDIA
- SOUTH KOREA
- INDONESIA
- THAILAND
- AUSTRALIA & NEW ZEALAND
- REST OF ASIA-PACIFIC
- REST OF WORLD
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- LATIN AMERICA
- MIDDLE EAST & AFRICA
- NORTH AMERICA
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