Soft Robotics Market by Type, Application - Global Forecast 2025-2030

List of Tables

The Soft Robotics Market was valued at USD 1.15 billion in 2023, expected to reach USD 1.55 billion in 2024, and is projected to grow at a CAGR of 35.74%, to USD 9.79 billion by 2030.

Soft robotics is an evolving field focused on creating robots from highly flexible materials, enabling interaction with delicate objects and environments. The necessity for soft robotics arises from traditional robots' limitations in handling delicate tasks, driving demand in industries like healthcare, consumer electronics, and food processing. In healthcare, soft robots are transforming non-invasive surgical procedures and rehabilitation services. The consumer electronics industry benefits through advanced automation in manufacturing, and the food industry experiences enhanced gentle product handling. The end-use scope extends into underwater exploration and the development of wearable devices, fostering innovation across sectors.

KEY MARKET STATISTICS
Base Year [2023]	USD 1.15 billion
Estimated Year [2024]	USD 1.55 billion
Forecast Year [2030]	USD 9.79 billion
CAGR (%)	35.74%

Market growth is underpinned by technological advancements, increased investment in robotics R&D, and growing demands for automation and efficiency in handling delicate tasks. Innovations in material science, particularly with soft silicones and elastic materials, are expanding the capabilities and adaptability of soft robots. Potential opportunities lie in sectors like agriculture and logistics where robots could revolutionize processes such as picking and sorting. Companies can seize these opportunities by focusing on collaborative partnerships and continuous R&D to improve their products' adaptability and functionality.

However, there are challenges such as high initial costs, complex integration with existing systems, and a need for more standardized regulations which hamper widespread adoption. These challenges demand strategic investments in developing cost-effective solutions and establishing clear regulatory frameworks.

Looking ahead, the best areas for innovation include developing biocompatible materials for medical applications and enhancing tactile sensors for improved precision. Exploring AI integration for better decision-making and adaptability in dynamic environments also offers substantial growth potential. The market is dynamic, with a significant inclination toward customization and niche applications, prompting stakeholders to maintain agility, invest in pioneering research, and collaborate across industries to capitalize on the burgeoning opportunities within soft robotics.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Soft Robotics Market

The Soft Robotics Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Rising demand of soft robotics due to elevated safety and flexibility
- Significant need in the biomimicry field for exploration
- Growing adoption of IoT and AI-based technology in retail and logistic firms
Market Restraints
- Limited awareness and requirement of capital investment
Market Opportunities
- Ongoing research and development activities in the soft robotic industry
- Emerging applications in healthcare and medical field of soft robotics
Market Challenges
- Concern pertaining to associated technological challenges of soft robotics

Porter's Five Forces: A Strategic Tool for Navigating the Soft Robotics Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Soft Robotics Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Soft Robotics Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Soft Robotics Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Soft Robotics Market

A detailed market share analysis in the Soft Robotics Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Soft Robotics Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Soft Robotics Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Soft Robotics Market

A strategic analysis of the Soft Robotics Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Soft Robotics Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., AUBO Robotics Inc., Bionik Laboratories Corp., Cyberdyne Inc., Diligent Robotics Inc., Ekso Bionics Holdings, Inc., F&P Robotics AG, FANUC Corporation, iCOBOTS Ltd., KAWADA Robotics Corporation, Kawasaki, KUKA AG, Rethink Robotics, ReWalk Robotics Ltd., RightHand Robotics Inc., Soft Gripping, Soft Robotics Inc., Techman Robot, Universal Robots A/S, and Yaskawa Electric Corporation.

Market Segmentation & Coverage

This research report categorizes the Soft Robotics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Co-Robots, Edible Robots, Inflated Robots, Soft Grippers, and Wearable Robots.
Based on Application, market is studied across Automotive, Entertainment & Gaming, Food & Beverages, Logistics, Medical & Healthcare, and Survey & Exploration.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-957C47F8F9C0

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand of soft robotics due to elevated safety and flexibility
  - 5.1.1.2. Significant need in the biomimicry field for exploration
  - 5.1.1.3. Growing adoption of IoT and AI-based technology in retail and logistic firms
- 5.1.2. Restraints
  - 5.1.2.1. Limited awareness and requirement of capital investment
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research and development activities in the soft robotic industry
  - 5.1.3.2. Emerging applications in healthcare and medical field of soft robotics
- 5.1.4. Challenges
  - 5.1.4.1. Concern pertaining to associated technological challenges of soft robotics
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Soft Robotics Market, by Type

6.1. Introduction
6.2. Co-Robots
6.3. Edible Robots
6.4. Inflated Robots
6.5. Soft Grippers
6.6. Wearable Robots

7. Soft Robotics Market, by Application

7.1. Introduction
7.2. Automotive
7.3. Entertainment & Gaming
7.4. Food & Beverages
7.5. Logistics
7.6. Medical & Healthcare
7.7. Survey & Exploration

8. Americas Soft Robotics Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Soft Robotics Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Soft Robotics Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
11.4. Strategy Analysis & Recommendation

Companies Mentioned

1. ABB Ltd.
2. AUBO Robotics Inc.
3. Bionik Laboratories Corp.
4. Cyberdyne Inc.
5. Diligent Robotics Inc.
6. Ekso Bionics Holdings, Inc.
7. F&P Robotics AG
8. FANUC Corporation
9. iCOBOTS Ltd.
10. KAWADA Robotics Corporation
11. Kawasaki
12. KUKA AG
13. Rethink Robotics
14. ReWalk Robotics Ltd.
15. RightHand Robotics Inc.
16. Soft Gripping
17. Soft Robotics Inc.
18. Techman Robot
19. Universal Robots A/S
20. Yaskawa Electric Corporation