Soft Robotics Market Insights and Growth by 2031
Soft robotics is a construction robot subfield that offers reprogrammable, multi-functional, and versatile systems that intelligently relate to the sensing activity. Soft robotics vendors also design materials, components, and massive active structures in such a way that they can safely relate to the production process and adapt to their immediate environment, unlike hard component robots. Soft robotics technology has the potential to make mechanical and algorithmic robot designs simpler. Soft robotics can also be used with tissue engineering to create hybrid systems for medical applications. Moreover, according on the robotics applications, soft robotics can be separated into robot grippers, medial robots, and similar robots.
MARKET SCOPE
The "Global Soft Robotics Market Analysis to 2031" is a specialized and in-depth study of the Soft robotics Market with a special focus on the global market trend analysis. The report aims to provide an overview of soft robotics market with detailed market segmentation by type and end-user. The global soft robotics market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading soft robotics market player and offers key trends and opportunities in the soft robotics market.
MARKET SEGMENTATION
MARKET DYNAMICS
Drivers
- Rising applications of soft robotics across industry verticals.
- Rapid development of smart infrastructure in the healthcare sectors.
- Surge in the adoption of IoT and AI-based technologies in the logistics and retail industries.
- Other factors driving the global soft robotics market growth include increased industrialization and automation, as well as an increase in the number of exoskeleton inventions.
Restraints
- The soft robotics market is restrained by high cost of such robots and less penetration of such technologies in low income and some developing nations.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global soft robotics market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soft robotics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting soft robotics Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the soft robotics market in these regions.
IMPACT OF COVID-19 ON SOFT ROBOTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global soft robotics market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soft robotics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting soft robotics Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the soft robotics market in these regions.
IMPACT OF COVID-19 ON SOFT ROBOTICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The reports cover key developments in the soft robotics market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from soft robotics market are anticipated to lucrative growth opportunities in the future with the rising demand for soft robotics market. Below mentioned is the list of few companies engaged in the soft robotics market.
The report also includes the profiles of key soft robotics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- ABB
- Universal Robots
- Cyberdyne Inc.
- Ekso Bionics.
- KUKA AG
- RightHand Robotics Inc.
- ReWalk Robotics Ltd.
- FANUC
- Soft Robotics Inc.
- Yaskawa Electric Corporation
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Soft Robotics Market - By Type
1.3.2 Soft Robotics Market - By End-user
1.3.3 Soft Robotics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOFT ROBOTICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SOFT ROBOTICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOFT ROBOTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. SOFT ROBOTICS - GLOBAL MARKET OVERVIEW
6.2. SOFT ROBOTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOFT ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOFT GRIPPERS
7.3.1. Overview
7.3.2. Soft Grippers Market Forecast and Analysis
7.4. CO-ROBOTS
7.4.1. Overview
7.4.2. Co-robots Market Forecast and Analysis
7.5. INFLATED ROBOTS
7.5.1. Overview
7.5.2. Inflated Robots Market Forecast and Analysis
7.6. EXOSKELETONS
7.6.1. Overview
7.6.2. Exoskeletons Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. SOFT ROBOTICS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. FOOD PROCESSING
8.3.1. Overview
8.3.2. Food Processing Market Forecast and Analysis
8.4. MEDICAL AND HEALTH CARE
8.4.1. Overview
8.4.2. Medical and Health Care Market Forecast and Analysis
8.5. LOGISTICS
8.5.1. Overview
8.5.2. Logistics Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SOFT ROBOTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Soft Robotics Market Overview
9.1.2 North America Soft Robotics Market Forecasts and Analysis
9.1.3 North America Soft Robotics Market Forecasts and Analysis - By Type
9.1.4 North America Soft Robotics Market Forecasts and Analysis - By End-user
9.1.5 North America Soft Robotics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Soft Robotics Market
9.1.5.1.1 United States Soft Robotics Market by Type
9.1.5.1.2 United States Soft Robotics Market by End-user
9.1.5.2 Canada Soft Robotics Market
9.1.5.2.1 Canada Soft Robotics Market by Type
9.1.5.2.2 Canada Soft Robotics Market by End-user
9.1.5.3 Mexico Soft Robotics Market
9.1.5.3.1 Mexico Soft Robotics Market by Type
9.1.5.3.2 Mexico Soft Robotics Market by End-user
9.2. EUROPE
9.2.1 Europe Soft Robotics Market Overview
9.2.2 Europe Soft Robotics Market Forecasts and Analysis
9.2.3 Europe Soft Robotics Market Forecasts and Analysis - By Type
9.2.4 Europe Soft Robotics Market Forecasts and Analysis - By End-user
9.2.5 Europe Soft Robotics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Soft Robotics Market
9.2.5.1.1 Germany Soft Robotics Market by Type
9.2.5.1.2 Germany Soft Robotics Market by End-user
9.2.5.2 France Soft Robotics Market
9.2.5.2.1 France Soft Robotics Market by Type
9.2.5.2.2 France Soft Robotics Market by End-user
9.2.5.3 Italy Soft Robotics Market
9.2.5.3.1 Italy Soft Robotics Market by Type
9.2.5.3.2 Italy Soft Robotics Market by End-user
9.2.5.4 United Kingdom Soft Robotics Market
9.2.5.4.1 United Kingdom Soft Robotics Market by Type
9.2.5.4.2 United Kingdom Soft Robotics Market by End-user
9.2.5.5 Russia Soft Robotics Market
9.2.5.5.1 Russia Soft Robotics Market by Type
9.2.5.5.2 Russia Soft Robotics Market by End-user
9.2.5.6 Rest of Europe Soft Robotics Market
9.2.5.6.1 Rest of Europe Soft Robotics Market by Type
9.2.5.6.2 Rest of Europe Soft Robotics Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Soft Robotics Market Overview
9.3.2 Asia-Pacific Soft Robotics Market Forecasts and Analysis
9.3.3 Asia-Pacific Soft Robotics Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Soft Robotics Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Soft Robotics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Soft Robotics Market
9.3.5.1.1 Australia Soft Robotics Market by Type
9.3.5.1.2 Australia Soft Robotics Market by End-user
9.3.5.2 China Soft Robotics Market
9.3.5.2.1 China Soft Robotics Market by Type
9.3.5.2.2 China Soft Robotics Market by End-user
9.3.5.3 India Soft Robotics Market
9.3.5.3.1 India Soft Robotics Market by Type
9.3.5.3.2 India Soft Robotics Market by End-user
9.3.5.4 Japan Soft Robotics Market
9.3.5.4.1 Japan Soft Robotics Market by Type
9.3.5.4.2 Japan Soft Robotics Market by End-user
9.3.5.5 South Korea Soft Robotics Market
9.3.5.5.1 South Korea Soft Robotics Market by Type
9.3.5.5.2 South Korea Soft Robotics Market by End-user
9.3.5.6 Rest of Asia-Pacific Soft Robotics Market
9.3.5.6.1 Rest of Asia-Pacific Soft Robotics Market by Type
9.3.5.6.2 Rest of Asia-Pacific Soft Robotics Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Soft Robotics Market Overview
9.4.2 Middle East and Africa Soft Robotics Market Forecasts and Analysis
9.4.3 Middle East and Africa Soft Robotics Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Soft Robotics Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Soft Robotics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Soft Robotics Market
9.4.5.1.1 South Africa Soft Robotics Market by Type
9.4.5.1.2 South Africa Soft Robotics Market by End-user
9.4.5.2 Saudi Arabia Soft Robotics Market
9.4.5.2.1 Saudi Arabia Soft Robotics Market by Type
9.4.5.2.2 Saudi Arabia Soft Robotics Market by End-user
9.4.5.3 U.A.E Soft Robotics Market
9.4.5.3.1 U.A.E Soft Robotics Market by Type
9.4.5.3.2 U.A.E Soft Robotics Market by End-user
9.4.5.4 Rest of Middle East and Africa Soft Robotics Market
9.4.5.4.1 Rest of Middle East and Africa Soft Robotics Market by Type
9.4.5.4.2 Rest of Middle East and Africa Soft Robotics Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Soft Robotics Market Overview
9.5.2 South and Central America Soft Robotics Market Forecasts and Analysis
9.5.3 South and Central America Soft Robotics Market Forecasts and Analysis - By Type
9.5.4 South and Central America Soft Robotics Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Soft Robotics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Soft Robotics Market
9.5.5.1.1 Brazil Soft Robotics Market by Type
9.5.5.1.2 Brazil Soft Robotics Market by End-user
9.5.5.2 Argentina Soft Robotics Market
9.5.5.2.1 Argentina Soft Robotics Market by Type
9.5.5.2.2 Argentina Soft Robotics Market by End-user
9.5.5.3 Rest of South and Central America Soft Robotics Market
9.5.5.3.1 Rest of South and Central America Soft Robotics Market by Type
9.5.5.3.2 Rest of South and Central America Soft Robotics Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOFT ROBOTICS MARKET, KEY COMPANY PROFILES
11.1. ABB
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. UNIVERSAL ROBOTS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CYBERDYNE INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EKSO BIONICS.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KUKA AG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. RIGHTHAND ROBOTICS INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. REWALK ROBOTICS LTD.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FANUC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SOFT ROBOTICS INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. YASKAWA ELECTRIC CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ABB
2. Universal Robots
3. Cyberdyne Inc.
4. Ekso Bionics.
5. KUKA AG
6. RightHand Robotics Inc.
7. ReWalk Robotics Ltd.
8. FANUC
9. Soft Robotics Inc.
10. Yaskawa Electric Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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