Soft Robotics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Soft Robotics Market is set to experience over 30% CAGR from 2024 to 2032, driven by advancements in technology and increasing applications across various sectors. Soft robotics, distinguished by their flexible and adaptable structures, are revolutionizing industries by offering innovative solutions that traditional robotics cannot match. The increasing demand for automation in industries such as manufacturing and logistics drives the adoption of soft robotics for handling delicate and irregularly shaped objects.

Additionally, the medical and healthcare sectors benefit from soft robotics' precision and adaptability in surgical tools and rehabilitation devices. Strong investment in research and development, along with its focus on innovative technology, further accelerates market scope. As the sector expands, key segments such as soft grippers, medical and healthcare applications, and regional growth in Europe and Americas are expected to play pivotal roles in shaping the industry outlook.

The overall Soft Robotics Industry size is classified based on the type, component, material, application and region.

Soft grippers segment is anticipated to witness substantial growth over the forecast period. Soft grippers, characterized by their gentle and adaptive gripping capabilities, are essential for handling delicate or irregularly shaped objects in various industries, including manufacturing and logistics. Their versatility and ability to handle fragile items without damage are driving demand across sectors such as electronics, food, and pharmaceuticals. This trend is further supported by ongoing advancements in materials science and design, which enhance the performance and reliability of soft grippers.

Based on the application, the medical and healthcare sectors are gaining traction from 2024-2032, due to their potential to transform patient care and surgical procedures. Soft robots, including surgical tools and rehabilitation devices, offer improved precision, flexibility, and safety in medical applications. The demand for soft robotics in this sector is driven by the need for minimally invasive procedures and patient-centric care solutions. Innovations in soft robotic exoskeletons and assistive devices are enhancing mobility and recovery for patients with physical impairments, thereby fueling growth in this segment.

Europe Soft Robotics Market is expected to register significant growth through 2024-2032, thanks to advanced technological infrastructure, significant investment in research and development, and a strong focus on innovation. Robust healthcare systems and progressive industrial applications create a favorable environment for the adoption of soft robotics. Government initiatives and funding for technology development further bolster market growth. Additionally, Europe's stringent regulatory standards and emphasis on safety and efficacy drive the advancement of soft robotics, contributing to the region's leading position in Global market.

Product Code: 10388

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising demand for supply chain transparency
  - 3.8.1.2 Rapid expansion of e-commerce
  - 3.8.1.3 Need for operational efficiency and cost reduction
  - 3.8.1.4 Globalization of trade and supply chains
  - 3.8.1.5 Demand for real-time decision-making and agility
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Integration with legacy systems
  - 3.8.2.2 Data security and privacy concerns
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Type, 2021 - 2032 (USD million)

5.1 Key trends
5.2 Soft grippers
5.3 Inflatable robots
5.4 Exoskeletons
5.5 Wearables
5.6 Others

Chapter 6 Market Estimates and Forecast, By Component, 2021 - 2032 (USD million)

6.1 Key trends
6.2 Soft actuators
6.3 Soft sensors
6.4 Control systems
6.5 Power sources
6.6 Others

Chapter 7 Market Estimates and Forecast, By Material, 2021 - 2032 (USD million)

7.1 Key trends
7.2 Elastomers
7.3 Gels
7.4 Fabrics
7.5 Others

Chapter 8 Market Estimates and Forecast, By Application, 2021 - 2032 (USD million)

8.1 Key trends
8.2 Medical and healthcare
- 8.2.1 Rehabilitation
- 8.2.2 Surgery
- 8.2.3 Assistive devices
8.3 Food and beverage
- 8.3.1 Food handling
- 8.3.2 Packaging
8.4 Logistics
- 8.4.1 Warehousing
- 8.4.2 Material handling
8.5 Automotive
- 8.5.1 Manufacturing
- 8.5.2 Assembly
8.6 Agriculture
- 8.6.1 Harvesting
- 8.6.2 Planting
8.7 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 (USD million)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Soft Robotics Inc.
10.2 Festo AG
10.3 Ekso Bionics Holdings, Inc.
10.4 ReWalk Robotics
10.5 Yaskawa Electric Corporation
10.6 ABB Group
10.7 Kawada Robotics
10.8 Techman Robot Inc.
10.9 Bionik Laboratories Corp.
10.10 Righthand Robotics
10.11 Fanuc Corporation
10.12 Universal Robots
10.13 Cyberdyne Inc.
10.14 SRT
10.15 Pneubotics