Press release
The Internet Of Things (IOT) Drives Explosive Growth In The Soft Robotics Market: A Key Driver Powering Soft Robotics Market Growth In 2025
Soft Robotics
What Is the Current Soft Robotics Market Size and Its Estimated Growth Rate?
The market size of soft robotics has seen a significant expansion in the past few years. It is projected to surge from $1.84 billion in 2024 to $2.29 billion in 2025, growing at a compound annual growth rate (CAGR) of 24.4%. The past period's growth can be credited to factors like an uptick in use in medical robotics, versatility in handling and manipulation, attention from military and defense sectors, consumer electronics, wearable robotics, and the employ of automation in agriculture.
In the upcoming years, the soft robotics market is anticipated to experience significant expansion. The market is predicted to reach a value of $5.76 billion by 2029, growing at a compound annual growth rate (CAGR) of 26.0%. This sizeable growth during the forecast period is primarily due to developments in the food and beverage industry, environmental monitoring and exploration, global health and safety concerns, standardization and commercialization, and customization for specific applications. The period ahead is likely to see key trends, such as bio-inspired design and biomimicry, soft sensors and feedback systems, the incorporation of artificial intelligence (AI), soft exoskeletons for human augmentation, and collaborative robots (cobots).
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How Are Emerging Segments Shaping the Soft Robotics Market Landscape?
The soft robotics market covered in this report is segmented -
1) By Type: Soft Grippers, Cobots, Inflated Robots, Exoskeleton
2) By Component: Hardware, Software
3) By End User: Healthcare, Advanced Manufacturing, Food And Beverages, Logistics, Other End Users
Subsegments:
1) By Soft Grippers: Adaptive Grippers, Suction-Based Grippers
2) By Cobots: Lightweight Cobots, Flexible Cobots
3) By Inflated Robots: Soft Inflatable Structures, Pneumatic Robots
4) By Exoskeletons: Wearable Exoskeletons, Robotic Exoskeletons For Rehabilitation
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Which Growth Factors Are Influencing Soft Robotics Market Expansion?
The increase in internet of things (IoT) usage is anticipated to boost the soft robotics market's growth. IoT comprises interconnected mechanical and electronic devices, each with a unique identity, that can transfer data without human or computer interaction. IoT sensors used in soft robotics lead to the development of safer and more adaptable solutions while also making them more user-friendly. This innovation has paved the way for advancements in healthcare, automation, environmental monitoring, and other sectors. For example, a report by Ericsson, a telecommunications company based in Sweden, stated that there were 13.2 billion IoT connections globally in 2022, and it estimated an 18% growth resulting in 34.7 billion connections by 2028. Hence, the rise in IoT implementation is propelling the soft robotics market. Government support and initiatives for robotics, including soft robotics, also contribute to the expansion of the soft robotics market. Government support is available at different levels - federal, state, or local - to varying entities like organizations, industries, projects, programs, or individuals. Numerous government bodies are initiating substantial efforts to encourage innovation in robotics integration. As an example, the High Value Manufacturing Catapult, a UK-based company, reported that the government introduced the Advanced Manufacturing Plan in November of 2023. This plan aims to support the manufacturing sector with a fund of £4.5 ($5.86) billion spread over five years, starting in 2025, with a focus on key industries like the automotive industry. Consequently, government support and initiatives related to robotics, including soft robotics, are stimulating the growth of the soft robotics market.
Who Are the Dominant Players Across Different Soft Robotics Market Segments?
Major companies operating in the soft robotics market report are Asea Brown Boveri Ltd., Fanuc Corporation, Yaskawa Electric Corporation, Festo Group, Ocado Group PLC, QinetiQ Group plc., Ottobock SE & Co KGaA, SRI International Inc., Universal Robots, Piab Group Holding, SoftWear Automation Inc., Doosan Robotics Inc., Disney Research, Ekso Bionics Holdings Inc., Innophys Co. Ltd., Shadow Robot Company Limited, ReWalk Robotics Inc., Artimus Robotics Inc., Octopus Robotics Incorporated, Rethink Robotics Inc., Robotnik Automation SLL, Schunk GmbH, Roam Robotics Inc., ULC Robotics Inc., RightHand Robotics Inc., Soft Robotics Inc., Tactile Robotics Ltd., Bristol Robotics Laboratory Limited, New Scale Robotics Inc., Southie Autonomy
What Soft Robotics Market Trends Are Gaining Traction Across Different Segments?
Leading firms in the soft robotics market concentrate on the creation of cutting-edge technology, such as soft robotic hand therapy gloves that incorporate soft exoskeleton technology, to ensure dependable customer service. The objective is to provide custom-made wearable devices to aid individuals with hand disabilities in their recovery and rehabilitation process. Siyi Intelligence, a company based in China that manufactures medical equipment, set an example in this development when it launched the HRC12 in November 2022. This latest introduction to the SYREBO range of soft robotic hand rehabilitation gloves utilizes the latest updates in soft exoskeleton technology, along with enhanced accessibility and usability. The HRC12 introduces improved training options, including precision motor training, stretching, pinching exercises, and other realistic programs. This has paved the way for the provision of more specialized, in-home rehabilitation services.
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Which Geographic Regions Are Expected to Dominate the Soft Robotics Market in the Coming Years?
Asia-Pacific was the largest region in the soft robotics market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the soft robotics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Soft Robotics Market?
2. What is the CAGR expected in the Soft Robotics Market?
3. What Are the Key Innovations Transforming the Soft Robotics Industry?
4. Which Region Is Leading the Soft Robotics Market?
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