INDUSTRY OVERVIEW
The Soft Robotics market is experiencing robust growth, projected to achieve a compound annual growth rate CAGR of 20% during the forecast period. Valued at 4Billion, the market is expected to reach 9Billion by 2031, with a year-on-year growth rate of 18%. This upward trajectory is driven by factors such as evolving consumer preferences, technological advancements, and increased investment in innovation, positioning the market for significant expansion in the coming years. Companies should strategically focus on enhancing their offerings and exploring new market opportunities to capitalize on this growth potential.
Soft Robotics Market Size in (USD Billion) CAGR Growth Rate 20%
| Study Period |
2019-2031 |
| Market Size (2023): |
4Billion |
| Market Size (2031): |
9Billion |
| CAGR (2023 - 2031): |
20% |
| Fastest Growing Region |
Europe |
| Dominating Region |
North America |
www.www.htfmarketinsights.com
Soft Robotics is a delicate mechanical technology that draws most motivation from nature. Soft Robotics is a planned subfield of robotics that offers a reprogrammable, multi-useful, and adaptable framework wisely connecting to the detecting actions and activity. Further, soft robotics vendors develop materials, segments, and dynamic designs such that they can securely identify with the assembling cycle and adjust to their nearby climate better than the robots made of hard parts. Soft robotics include wearable soft robots, prosthetic limbs, and origami muscle robots which remove the mechanical complexity and algorithmic designs related to robotics. This robotics is presently spread across the retail, food & beverages, logistics sector to innovate the new advancement in the supply chain. The future of soft robotics is very bright and research and development in the field are going on.
Regulatory Framework
The Information and Communications Technology (ICT) industry is primarily regulated by the Federal Communications Commission (FCC) in the United States, along with other national and international regulatory bodies. The FCC oversees the allocation of spectrum, ensures compliance with telecommunications laws, and fosters fair competition within the sector. It also establishes guidelines for data privacy, cybersecurity, and service accessibility, which are crucial for maintaining industry standards and protecting consumer interests.
Globally, various regulatory agencies, such as the European Telecommunications Standards Institute (ETSI) and the International Telecommunication Union (ITU), play significant roles in standardizing practices and facilitating international cooperation. These bodies work together to create a cohesive regulatory framework that addresses emerging technologies, cross-border data flow, and infrastructure development. Their regulations aim to ensure the ICT industry's growth is both innovative and compliant with global standards, promoting a secure and competitive market environment.
Request for Customization
Get Customization
Key Highlights
• The Soft Robotics is growing at a CAGR of 20% during the forecasted period of 2019 to 2031
• Year on Year growth for the market is 18%
• Based on type, the market is bifurcated into Robotics
• Based on application, the market is segmented into Manufacturing, Automation
• Global Import Export in terms of K Tons, K Units, and Metric Tons will be provided if Applicable based on industry best practice
Market Segmentation Analysis
Segmentation by Type
Segmentation by Application
Soft Robotics Market Segmentation by Application
www.htfmarketinsights.com
Key Players
Several key players in the Soft Robotics market are strategically focusing on expanding their operations in developing regions to capture a larger market share, particularly as the year-on-year growth rate for the market stands at 18%. The companies featured in this profile were selected based on insights from primary experts, evaluating their market penetration, product offerings, and geographical reach. By targeting emerging markets, these companies aim to leverage new opportunities, enhance their competitive advantage, and drive revenue growth. This approach not only aligns with their overall business objectives but also positions them to respond effectively to the evolving demands of consumers in these regions.
- Bioservo Technologies AB (Sweden)
- Cyberdyne Inc. (Japan)
- Ekso Bionics Holdings
- Inc. (United States)
- F&P Robotics AG (Switzerland)
- Festo AG (Germany)
- ReWalk Robotics Ltd (Israel)
- RightHand Robotics Inc. (United States)
- Roam Robotics (United States)
- Soft Robotics Inc. (United States)
- Yaskawa Electric Corporation (Japan)
Soft Robotics Market Segmentation by Players
www.htfmarketinsights.com
Research Methodology
At HTF Market Intelligence, we pride ourselves on delivering comprehensive market research that combines both secondary and primary methodologies. Our secondary research involves rigorous analysis of existing data sources, such as industry reports, market databases, and competitive landscapes, to provide a robust foundation of market knowledge. This is complemented by our primary research services, where we gather firsthand data through surveys, interviews, and focus groups tailored specifically to your business needs. By integrating these approaches, we offer a thorough understanding of market trends, consumer behavior, and competitive dynamics, enabling you to make well-informed strategic decisions. We would welcome the opportunity to discuss how our research expertise can support your business objectives.
Market Dynamics
Market dynamics refer to the forces that influence the supply and demand of products and services within a market. These forces include factors such as consumer preferences, technological advancements, regulatory changes, economic conditions, and competitive actions. Understanding market dynamics is crucial for businesses as it helps them anticipate changes, identify opportunities, and mitigate risks.
By analyzing market dynamics, companies can better understand market trends, predict potential shifts, and develop strategic responses. This analysis enables businesses to align their product offerings, pricing strategies, and marketing efforts with evolving market conditions, ultimately leading to more informed decision-making and a stronger competitive position in the marketplace.
Market Driver
- Increase In The Development Of AI-based Technologies Adoption
- Increase In Industrialization In The Automation Sector
Market Trend
- Expansion in applications like healthcare
- manufacturing
Opportunity
- Innovation Of Robotic In Small And Medium-sized Companies And Industrial Sectors
- Development Of Robotic Related Infrastructure In Emerging Countries
Challenge
- High Development Costs And Technical Limitations In Dexterity.
Regional Outlook
The North America Region holds the largest market share in 2023 and is expected to grow at a good CAGR. The Europe Region is the fastest-growing region due to increasing development and disposable income.
North America remains a leader, driven by innovation hubs like Silicon Valley and a strong demand for advanced technologies such as AI and cloud computing. Europe is characterized by robust regulatory frameworks and significant investments in digital transformation across sectors. Asia-Pacific is experiencing rapid growth, led by major markets like China and India, where increasing digital adoption and governmental initiatives are propelling ICT advancements.
The Middle East and Africa are witnessing steady expansion, driven by infrastructure development and growing internet penetration. Latin America and South America present emerging opportunities, with rising investments in digital infrastructure, though challenges like economic instability can impact growth. These regional differences highlight the need for tailored strategies in the global ICT market.
Regions
- North America
- LATAM
- West Europe
- Central & Eastern Europe
- Northern Europe
- Southern Europe
- East Asia
- Southeast Asia
- South Asia
- Central Asia
- Oceania
- MEA
Fastest Growing Region
Europe
Dominating Region
North America
|
Report Features
|
Details
|
|
Base Year
|
2023
|
|
Based Year Market Size (2023)
|
4Billion
|
|
Historical Period Market Size (2019)
|
2Billion
|
|
CAGR (2023 to 2031)
|
20%
|
|
Forecast Period
|
2025 to 2031
|
|
Forecasted Period Market Size (2031)
|
9Billion
|
|
Scope of the Report
|
Robotics, Manufacturing, Automation
|
|
Regions Covered
|
North America, Europe, Asia Pacific, South America, and MEA
|
|
Year on Year Growth
|
18%
|
|
Companies Covered
|
Bioservo Technologies AB (Sweden), Cyberdyne Inc. (Japan), Ekso Bionics Holdings, Inc. (United States), F&P Robotics AG (Switzerland), Festo AG (Germany), ReWalk Robotics Ltd (Israel), RightHand Robotics Inc. (United States), Roam Robotics (United States), Soft Robotics Inc. (United States), Yaskawa Electric Corporation (Japan)
|
|
Customization Scope
|
15% Free Customization (For EG)
|
|
Delivery Format
|
PDF and Excel through Email
|
Soft Robotics - Table of Contents
Chapter 1: Market Preface
- 1.1 Global Soft Robotics Market Landscape
- 1.2 Scope of the Study
- 1.3 Relevant Findings & Stakeholder Advantages
Chapter 2: Strategic Overview
- 2.1 Global Soft Robotics Market Outlook
- 2.2 Total Addressable Market versus Serviceable Market
- 2.3 Market Rivalry Projection
Chapter 3 : Global Soft Robotics Market Business Environment & Changing Dynamics
-
3.1 Growth Drivers
- 3.1.1 Increase in the development of AI-based technologies adoption
- 3.1.2 Increase in industrialization in the automation sector
-
3.2 Available Opportunities
- 3.2.1 Innovation of robotic in small and medium-sized companies and
-
3.3 Influencing Trends
- 3.3.1 Expansion in applications like healthcare
- 3.3.2 manufacturing
- 3.3.3 and
-
3.4 Challenges
- 3.4.1 High development costs and technical limitations in dexterity
- 3.5 Regional Dynamics
Need only Qualitative Analysis? Get Prices
Sectional Purchase
Chapter 4 : Global Soft Robotics Industry Factors Assessment
- 4.1 Current Scenario
- 4.2 PEST Analysis
- 4.3 Business Environment - PORTER 5-Forces Analysis
- 4.3.1 Supplier Leverage
- 4.3.2 Bargaining Power of Buyers
- 4.3.3 Threat of Substitutes
- 4.3.4 Threat from New Entrant
- 4.3.5 Market Competition Level
- 4.4 Roadmap of Soft Robotics Market
- 4.5 Impact of Macro-Economic Factors
- 4.6 Market Entry Strategies
- 4.7 Political and Regulatory Landscape
- 4.8 Supply Chain Analysis
- 4.9 Impact of Tariff War
Chapter 5: Soft Robotics : Competition Benchmarking & Performance Evaluation
- 5.1 Global Soft Robotics Market Concentration Ratio
- 5.1.1 CR4, CR8 and HH Index
- 5.1.2 % Market Share - Top 3
- 5.1.3 Market Holding by Top 5
- 5.2 Market Position of Manufacturers by Soft Robotics Revenue 2023
- 5.3 BCG Matrix
- 5.3 Market Entropy
- 5.4 FPNV Positioning Matrix
- 5.5 Heat Map Analysis
Chapter 6: Global Soft Robotics Market: Company Profiles
- 6.1 Bioservo Technologies AB (Sweden)
- 6.1.1 Bioservo Technologies AB (Sweden) Company Overview
- 6.1.2 Bioservo Technologies AB (Sweden) Product/Service Portfolio & Specifications
- 6.1.3 Bioservo Technologies AB (Sweden) Key Financial Metrics
- 6.1.4 Bioservo Technologies AB (Sweden) SWOT Analysis
- 6.1.5 Bioservo Technologies AB (Sweden) Development Activities
- 6.2 Cyberdyne Inc. (Japan)
- 6.3 Ekso Bionics Holdings
- 6.4 Inc. (United States)
- 6.5 F&P Robotics AG (Switzerland)
- 6.6 Festo AG (Germany)
- 6.7 ReWalk Robotics Ltd (Israel)
- 6.8 RightHand Robotics Inc. (United States)
- 6.9 Roam Robotics (United States)
- 6.10 Soft Robotics Inc. (United States)
- 6.11 Yaskawa Electric Corporation (Japan)
- 6.12
To View a Complete List of Players? Inquiry Now
Sectional Purchase
Chapter 7 : Global Soft Robotics by Type & Application (2019-2031)
-
7.1 Global Soft Robotics Market Revenue Analysis (USD Million) by Type (2019-2023)
- 7.1.1 Robotics
- 7.1.2 Technology
-
7.2 Global Soft Robotics Market Revenue Analysis (USD Million) by Application (2019-2023)
- 7.2.1 Manufacturing
- 7.2.2 Automation
-
7.3 Global Soft Robotics Market Revenue Analysis (USD Million) by Type (2023-2031)
-
7.4 Global Soft Robotics Market Revenue Analysis (USD Million) by Application (2023-2031)
Chapter 8 : North America Soft Robotics Market Breakdown by Country, Type & Application
- 8.1 North America Soft Robotics Market by Country (USD Million) [2019-2023]
- 8.1.1 United States
- 8.1.2 Canada
-
8.2 North America Soft Robotics Market by Type (USD Million) [2019-2023]
- 8.2.1 Robotics
- 8.2.2 Technology
-
8.3 North America Soft Robotics Market by Application (USD Million) [2019-2023]
- 8.3.1 Manufacturing
- 8.3.2 Automation
- 8.4 North America Soft Robotics Market by Country (USD Million) [2024-2031]
-
8.5 North America Soft Robotics Market by Type (USD Million) [2024-2031]
-
8.6 North America Soft Robotics Market by Application (USD Million) [2024-2031]
Looking for Section Purchase? Get Quote Now
Sectional Purchase
Chapter 9 : LATAM Soft Robotics Market Breakdown by Country, Type & Application
- 9.1 LATAM Soft Robotics Market by Country (USD Million) [2019-2023]
- 9.1.1 Brazil
- 9.1.2 Argentina
- 9.1.3 Chile
- 9.1.4 Mexico
- 9.1.5 Rest of LATAM
-
9.2 LATAM Soft Robotics Market by Type (USD Million) [2019-2023]
- 9.2.1 Robotics
- 9.2.2 Technology
-
9.3 LATAM Soft Robotics Market by Application (USD Million) [2019-2023]
- 9.3.1 Manufacturing
- 9.3.2 Automation
- 9.4 LATAM Soft Robotics Market by Country (USD Million) [2024-2031]
-
9.5 LATAM Soft Robotics Market by Type (USD Million) [2024-2031]
-
9.6 LATAM Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 10 : West Europe Soft Robotics Market Breakdown by Country, Type & Application
- 10.1 West Europe Soft Robotics Market by Country (USD Million) [2019-2023]
- 10.1.1 Germany
- 10.1.2 France
- 10.1.3 Benelux
- 10.1.4 Switzerland
- 10.1.5 Rest of West Europe
-
10.2 West Europe Soft Robotics Market by Type (USD Million) [2019-2023]
- 10.2.1 Robotics
- 10.2.2 Technology
-
10.3 West Europe Soft Robotics Market by Application (USD Million) [2019-2023]
- 10.3.1 Manufacturing
- 10.3.2 Automation
- 10.4 West Europe Soft Robotics Market by Country (USD Million) [2024-2031]
-
10.5 West Europe Soft Robotics Market by Type (USD Million) [2024-2031]
-
10.6 West Europe Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 11 : Central & Eastern Europe Soft Robotics Market Breakdown by Country, Type & Application
- 11.1 Central & Eastern Europe Soft Robotics Market by Country (USD Million) [2019-2023]
- 11.1.1 Bulgaria
- 11.1.2 Poland
- 11.1.3 Hungary
- 11.1.4 Romania
- 11.1.5 Rest of CEE
-
11.2 Central & Eastern Europe Soft Robotics Market by Type (USD Million) [2019-2023]
- 11.2.1 Robotics
- 11.2.2 Technology
-
11.3 Central & Eastern Europe Soft Robotics Market by Application (USD Million) [2019-2023]
- 11.3.1 Manufacturing
- 11.3.2 Automation
- 11.4 Central & Eastern Europe Soft Robotics Market by Country (USD Million) [2024-2031]
-
11.5 Central & Eastern Europe Soft Robotics Market by Type (USD Million) [2024-2031]
-
11.6 Central & Eastern Europe Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 12 : Northern Europe Soft Robotics Market Breakdown by Country, Type & Application
- 12.1 Northern Europe Soft Robotics Market by Country (USD Million) [2019-2023]
- 12.1.1 The United Kingdom
- 12.1.2 Sweden
- 12.1.3 Norway
- 12.1.4 Baltics
- 12.1.5 Ireland
- 12.1.6 Rest of Northern Europe
-
12.2 Northern Europe Soft Robotics Market by Type (USD Million) [2019-2023]
- 12.2.1 Robotics
- 12.2.2 Technology
-
12.3 Northern Europe Soft Robotics Market by Application (USD Million) [2019-2023]
- 12.3.1 Manufacturing
- 12.3.2 Automation
- 12.4 Northern Europe Soft Robotics Market by Country (USD Million) [2024-2031]
-
12.5 Northern Europe Soft Robotics Market by Type (USD Million) [2024-2031]
-
12.6 Northern Europe Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 13 : Southern Europe Soft Robotics Market Breakdown by Country, Type & Application
- 13.1 Southern Europe Soft Robotics Market by Country (USD Million) [2019-2023]
- 13.1.1 Spain
- 13.1.2 Italy
- 13.1.3 Portugal
- 13.1.4 Greece
- 13.1.5 Rest of Southern Europe
-
13.2 Southern Europe Soft Robotics Market by Type (USD Million) [2019-2023]
- 13.2.1 Robotics
- 13.2.2 Technology
-
13.3 Southern Europe Soft Robotics Market by Application (USD Million) [2019-2023]
- 13.3.1 Manufacturing
- 13.3.2 Automation
- 13.4 Southern Europe Soft Robotics Market by Country (USD Million) [2024-2031]
-
13.5 Southern Europe Soft Robotics Market by Type (USD Million) [2024-2031]
-
13.6 Southern Europe Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 14 : East Asia Soft Robotics Market Breakdown by Country, Type & Application
- 14.1 East Asia Soft Robotics Market by Country (USD Million) [2019-2023]
- 14.1.1 China
- 14.1.2 Japan
- 14.1.3 South Korea
- 14.1.4 Taiwan
- 14.1.5 Others
-
14.2 East Asia Soft Robotics Market by Type (USD Million) [2019-2023]
- 14.2.1 Robotics
- 14.2.2 Technology
-
14.3 East Asia Soft Robotics Market by Application (USD Million) [2019-2023]
- 14.3.1 Manufacturing
- 14.3.2 Automation
- 14.4 East Asia Soft Robotics Market by Country (USD Million) [2024-2031]
-
14.5 East Asia Soft Robotics Market by Type (USD Million) [2024-2031]
-
14.6 East Asia Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 15 : Southeast Asia Soft Robotics Market Breakdown by Country, Type & Application
- 15.1 Southeast Asia Soft Robotics Market by Country (USD Million) [2019-2023]
- 15.1.1 Vietnam
- 15.1.2 Singapore
- 15.1.3 Thailand
- 15.1.4 Malaysia
- 15.1.5 Indonesia
- 15.1.6 Philippines
- 15.1.7 Rest of SEA Countries
-
15.2 Southeast Asia Soft Robotics Market by Type (USD Million) [2019-2023]
- 15.2.1 Robotics
- 15.2.2 Technology
-
15.3 Southeast Asia Soft Robotics Market by Application (USD Million) [2019-2023]
- 15.3.1 Manufacturing
- 15.3.2 Automation
- 15.4 Southeast Asia Soft Robotics Market by Country (USD Million) [2024-2031]
-
15.5 Southeast Asia Soft Robotics Market by Type (USD Million) [2024-2031]
-
15.6 Southeast Asia Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 16 : South Asia Soft Robotics Market Breakdown by Country, Type & Application
- 16.1 South Asia Soft Robotics Market by Country (USD Million) [2019-2023]
- 16.1.1 India
- 16.1.2 Bangladesh
- 16.1.3 Others
-
16.2 South Asia Soft Robotics Market by Type (USD Million) [2019-2023]
- 16.2.1 Robotics
- 16.2.2 Technology
-
16.3 South Asia Soft Robotics Market by Application (USD Million) [2019-2023]
- 16.3.1 Manufacturing
- 16.3.2 Automation
- 16.4 South Asia Soft Robotics Market by Country (USD Million) [2024-2031]
-
16.5 South Asia Soft Robotics Market by Type (USD Million) [2024-2031]
-
16.6 South Asia Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 17 : Central Asia Soft Robotics Market Breakdown by Country, Type & Application
- 17.1 Central Asia Soft Robotics Market by Country (USD Million) [2019-2023]
- 17.1.1 Kazakhstan
- 17.1.2 Tajikistan
- 17.1.3 Others
-
17.2 Central Asia Soft Robotics Market by Type (USD Million) [2019-2023]
- 17.2.1 Robotics
- 17.2.2 Technology
-
17.3 Central Asia Soft Robotics Market by Application (USD Million) [2019-2023]
- 17.3.1 Manufacturing
- 17.3.2 Automation
- 17.4 Central Asia Soft Robotics Market by Country (USD Million) [2024-2031]
-
17.5 Central Asia Soft Robotics Market by Type (USD Million) [2024-2031]
-
17.6 Central Asia Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 18 : Oceania Soft Robotics Market Breakdown by Country, Type & Application
- 18.1 Oceania Soft Robotics Market by Country (USD Million) [2019-2023]
- 18.1.1 Australia
- 18.1.2 New Zealand
- 18.1.3 Others
-
18.2 Oceania Soft Robotics Market by Type (USD Million) [2019-2023]
- 18.2.1 Robotics
- 18.2.2 Technology
-
18.3 Oceania Soft Robotics Market by Application (USD Million) [2019-2023]
- 18.3.1 Manufacturing
- 18.3.2 Automation
- 18.4 Oceania Soft Robotics Market by Country (USD Million) [2024-2031]
-
18.5 Oceania Soft Robotics Market by Type (USD Million) [2024-2031]
-
18.6 Oceania Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 19 : MEA Soft Robotics Market Breakdown by Country, Type & Application
- 19.1 MEA Soft Robotics Market by Country (USD Million) [2019-2023]
- 19.1.1 Turkey
- 19.1.2 South Africa
- 19.1.3 Egypt
- 19.1.4 UAE
- 19.1.5 Saudi Arabia
- 19.1.6 Israel
- 19.1.7 Rest of MEA
-
19.2 MEA Soft Robotics Market by Type (USD Million) [2019-2023]
- 19.2.1 Robotics
- 19.2.2 Technology
-
19.3 MEA Soft Robotics Market by Application (USD Million) [2019-2023]
- 19.3.1 Manufacturing
- 19.3.2 Automation
- 19.4 MEA Soft Robotics Market by Country (USD Million) [2024-2031]
-
19.5 MEA Soft Robotics Market by Type (USD Million) [2024-2031]
-
19.6 MEA Soft Robotics Market by Application (USD Million) [2024-2031]
Chapter 20: Research Findings & Conclusion
- 20.1 Key Findings
- 20.2 Conclusion
Chapter 21: Methodology and Data Source
-
21.1 Research Methodology & Approach
- 21.1.1 Research Program/Design
- 21.1.2 Market Size Estimation
- 21.1.3 Market Breakdown and Data Triangulation
-
21.2 Data Source
- 21.2.1 Secondary Sources
- 21.2.2 Primary Sources
Chapter 22: Appendix & Disclaimer
- 22.1 Acronyms & bibliography
- 22.2 Disclaimer
