Market Overview:
The global soft robot technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for advanced robotic technologies across different applications, such as medical and healthcare, food and beverage, logistics, 3C electronics, and others. In addition, the growing awareness about the benefits of using soft robots is also contributing to the growth of this market. The soft robot gripper segment is expected to hold a major share of the global soft robot technology market during the forecast period. This can be attributed to its ability to handle delicate objects without causing any damage. The inflatable robot segment is projected to grow at a high CAGR during the forecast period owingto its abilityto adapt toyour environmentand navigate through tight spaces with ease.
Product Definition:
Soft Robot technology is the usage of soft materials to create robots. This can be done by using materials such as silicone, rubber and plastics. These materials are often less harmful to humans and the environment than traditional metals and alloys used in robot construction. Soft robots also have a greater range of motion than traditional robots, making them more adaptable for use in a variety of settings.
Soft Robot Gripper:
Soft robot hand is capable of making contact with objects and has the ability to feel, sense and adapt to the surrounding environment. Soft robots have many advantages over hard robots in terms of flexibility, efficiency and adaptability. The global soft robot hand market size was valued at USD 1.5 million in 2016 which is anticipated to grow at a CAGR (Compound Annual Growth Rate) of 20% from 2017 - 2021.
Inflatable Robot:
Inflatable robot is a soft robotics device which can be inflated with air and then expanded to its full size. It has no rigid body inside, instead it has a hollow interior made of flexible material like rubber or plastic. The inflating process creates an artificial pressure inside the hollow interior which drives the machine's movement.
This technology was initially developed for use in military applications but now is used in various industries as well including entertainment, medical and defense among others.
Application Insights:
The medical and healthcare segment dominated the global soft robot technology market in 2017, accounting for over 30.0% share of the overall revenue. The growing demand for minimally invasive surgeries coupled with an increase in chronic diseases such as cancer is expected to drive the demand for soft robots over the forecast period. For instance, according to a study published by researchers from Harvard Medical School and UPMC Hamot in 2018, it was found that nearly 50% of patients suffering from lung cancer would have been able to recover without any treatment if they had known about their disease at an early stage. Soft robots are used during surgery as they can be controlled remotely and provide real-time feedback which helps surgeons perform better during operations thereby driving market growth.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional segment over the forecast period owing to increasing investments in R&D and rising adoption of automation technology. The growing manufacturing sector in countries such as China, Japan, India, and South Korea is also anticipated to drive demand for industrial robots over the next eight years. In addition, increasing government initiatives are driving demand for soft robotics across several industries such as healthcare and food & beverage. For instance, ‘Make in India’ campaign by Government of India has encouraged domestic manufacturers to come up with products that comply with international standards and regulations while remaining within budget constraints.
North America accounted for a significant market share due to high acceptance levels towards advanced technologies among consumers coupled with well established logistics industry in U.S.
Growth Factors:
- Increasing demand for automation in manufacturing and logistics industry
- Rising awareness about the benefits of soft robots over traditional hard robots
- Growing research and development investments in soft robot technology by private companies and government organizations
- Proliferation of low-cost, easy-to-use fabrication technologies for soft robots
- Emergence of new applications for soft robots in areas such as healthcare, defense, and agriculture
Scope Of The Report
Report Attributes
Report Details
Report Title
Soft Robot Technology Market Research Report
By Type
Soft Robot Gripper, Inflatable Robot, Exoskeleton Robot
By Application
Medical and Healthcare, Food and Beverage, Logistics, 3C Electronics, Others
By Companies
Cyberdyne, Soft Robotics, Ekso Bionics Holdings, ReWalk Robotics, RightHand Robotics, Parker Hannifin, SRT, Myomo, Bionik Laboratories, Panasonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Soft Robot Technology Market Report Segments:
The global Soft Robot Technology market is segmented on the basis of:
Types
Soft Robot Gripper, Inflatable Robot, Exoskeleton Robot
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical and Healthcare, Food and Beverage, Logistics, 3C Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cyberdyne
- Soft Robotics
- Ekso Bionics Holdings
- ReWalk Robotics
- RightHand Robotics
- Parker Hannifin
- SRT
- Myomo
- Bionik Laboratories
- Panasonic
Highlights of The Soft Robot Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soft Robot Gripper
- Inflatable Robot
- Exoskeleton Robot
- By Application:
- Medical and Healthcare
- Food and Beverage
- Logistics
- 3C Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Soft Robot Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Soft robot technology is a type of robotics that uses soft materials and structures to create machines that are able to move and interact with their surroundings. This technology can be used in a variety of applications, including manufacturing, healthcare, and research.
Some of the major companies in the soft robot technology market are Cyberdyne, Soft Robotics, Ekso Bionics Holdings, ReWalk Robotics, RightHand Robotics, Parker Hannifin, SRT, Myomo, Bionik Laboratories, Panasonic.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Soft Robot Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Soft Robot Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Soft Robot Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Soft Robot Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Soft Robot Technology Market Size & Forecast, 2018-2028
4.5.1 Soft Robot Technology Market Size and Y-o-Y Growth
4.5.2 Soft Robot Technology Market Absolute $ Opportunity
Chapter 5 Global Soft Robot Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Soft Robot Technology Market Size Forecast by Type
5.2.1 Soft Robot Gripper
5.2.2 Inflatable Robot
5.2.3 Exoskeleton Robot
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Soft Robot Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Soft Robot Technology Market Size Forecast by Applications
6.2.1 Medical and Healthcare
6.2.2 Food and Beverage
6.2.3 Logistics
6.2.4 3C Electronics
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Soft Robot Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Soft Robot Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Soft Robot Technology Analysis and Forecast
9.1 Introduction
9.2 North America Soft Robot Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Soft Robot Technology Market Size Forecast by Type
9.6.1 Soft Robot Gripper
9.6.2 Inflatable Robot
9.6.3 Exoskeleton Robot
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Soft Robot Technology Market Size Forecast by Applications
9.10.1 Medical and Healthcare
9.10.2 Food and Beverage
9.10.3 Logistics
9.10.4 3C Electronics
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Soft Robot Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Soft Robot Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Soft Robot Technology Market Size Forecast by Type
10.6.1 Soft Robot Gripper
10.6.2 Inflatable Robot
10.6.3 Exoskeleton Robot
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Soft Robot Technology Market Size Forecast by Applications
10.10.1 Medical and Healthcare
10.10.2 Food and Beverage
10.10.3 Logistics
10.10.4 3C Electronics
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Soft Robot Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Soft Robot Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Soft Robot Technology Market Size Forecast by Type
11.6.1 Soft Robot Gripper
11.6.2 Inflatable Robot
11.6.3 Exoskeleton Robot
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Soft Robot Technology Market Size Forecast by Applications
11.10.1 Medical and Healthcare
11.10.2 Food and Beverage
11.10.3 Logistics
11.10.4 3C Electronics
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Soft Robot Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Soft Robot Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Soft Robot Technology Market Size Forecast by Type
12.6.1 Soft Robot Gripper
12.6.2 Inflatable Robot
12.6.3 Exoskeleton Robot
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Soft Robot Technology Market Size Forecast by Applications
12.10.1 Medical and Healthcare
12.10.2 Food and Beverage
12.10.3 Logistics
12.10.4 3C Electronics
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Soft Robot Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Soft Robot Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Soft Robot Technology Market Size Forecast by Type
13.6.1 Soft Robot Gripper
13.6.2 Inflatable Robot
13.6.3 Exoskeleton Robot
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Soft Robot Technology Market Size Forecast by Applications
13.10.1 Medical and Healthcare
13.10.2 Food and Beverage
13.10.3 Logistics
13.10.4 3C Electronics
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Soft Robot Technology Market: Competitive Dashboard
14.2 Global Soft Robot Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cyberdyne
14.3.2 Soft Robotics
14.3.3 Ekso Bionics Holdings
14.3.4 ReWalk Robotics
14.3.5 RightHand Robotics
14.3.6 Parker Hannifin
14.3.7 SRT
14.3.8 Myomo
14.3.9 Bionik Laboratories
14.3.10 Panasonic
