Soft Robotics Market, By Application (Human-Machine Interface and Interaction, Locomotion and Exploration, Manipulation, Medical and Surgical Applications, Rehabilitation and Wearable, and Robots), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Soft robots are primarily composed of easily deformable matter such as fluids, gels, where softness may refer to both structural compliance and inherent material compliance. These products serve specific purposes in application areas like food processing, pharmaceutical packaging, etc. Soft Robots have provided the end-user industries with the ability to automate over the past few years.

Increasing Need for Automation

The increasing need for automation in industries like food processing, e-commerce, etc. This leads to increase in adoption of soft robots due to their highly stable and accurate performance. The main reason for such adoption is to have better quality, and safety in terms of injuries that arise from machineries. In manufacturing and production line of the industry, soft robots are deliberately used to move materials and perform a varied of programmed tasks. Increased investments/funding in research and development across nation’s fuels the growth of the soft robotics market.

 Increasing Concern in Workplace Safety

The need for human safety in manufacturing units is also boosting the growth of the global market. Indifference to robots built from rigid equipment, soft robots allow for increased suppleness and adaptability for accomplishing tasks, as well as improved safety when working around humans. It draws heavily from the way in which living organisms move and adapt to their surroundings. 

High Manufacturing Cost

The soft robot need to be frequently upgraded to keep them compatible. Also the cost of all components in a soft robots incur a high cost during the manufacturing and assembling process. Moreover, its manufacturing and installation is a time-consuming process. Therefore high initial cost coupled with maintenance cost hinder the adoption of soft robots.

The reduction in the cost of sensors and the popularity of the existing robots are significant signs that indicate the field of robotics is going through significant transformation and development. With the advent of self-learning soft robots through AI, the soft robotics market is expected to witness drastic change over the forecast period.

The soft robotics market is segmented based on application, and region.

On the basis of application, the soft robotics market is segmented into human-machine interface and interaction, locomotion and exploration, manipulation, medical and surgical applications, rehabilitation and wearable, and robots.

Regional Insights:

On region the global soft robotics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in The Asia Pacific, North America and Europe are the major regional markets for soft robotics. North America, followed by Europe, is anticipated to grow as the largest market in the forecast period. This is attributed to the high concentration of dominant market players and the easy availability of proficient technical expertise in the region. Also, the end-users in the region are the early adopters of robotics technology, which is expected to further drive the growth of the soft robotics market. However, Asia-Pacific is expected to be the fastest growing regional market owing to the growing number of automated manufacturing industries with increased throughput.

Soft Robotics Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the soft robotics market report based on application, and region:

Soft Robotics Market, By Application:

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

Soft Robotics Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • U.S.
  • Canada

Rest of Middle East & Africa

The key players operating the soft robotics market includes Soft Robotics Inc, Fanuc, RightHand Robotics, Ekso Bionics Holdings, Bionik Laboratories, ABB, KUKA, ReWalk Robotics, Cyberdyne, and Yaskawa Electric. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in January 2019, Soft Robotics Inc. launched mGrip, the company’s first on-demand, and modular automation system. This will enable the rapid proliferation of soft robotics, and allow users to leverage the company’s technology to build, validate, and install production-ready systems quickly. In August 2019, Ekso Bionics Unveils EksoNR Neurorehabilitation Suit.

• Soft Robotics Inc
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Fanuc
• RightHand Robotics
• Ekso Bionics Holdings
• Bionik Laboratories
• ABB
• KUKA
• ReWalk Robotics
• Cyberdyne
• Yaskawa Electric

 “*” marked represents similar segmentation in other categories in the respective section