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Base Year: 2024
Companies covered: 21
Tables & Figures: 660
Countries covered: 22
Pages: 190
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Soft Robotics Market
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Soft Robotics Market Size
The global soft robotics market size was valued at USD 1.89 billion in 2024 and is estimated to grow at CAGR of 34.8% to reach USD 35.33 billion by 2034. The growth of market is attributed to increased demand for automation and growth in the hospitality and healthcare industries. The growing demand in the robotics sector for enhanced automation is a major factor the soft robotics industry is experiencing growth, as there is increased usage of soft robots across different industries.
For instance, in December 2022, Hyundai Motor Group started two pilot service programs employing PnD modular platform autonomous robots at Rolling Hills Hotel in US. The PnD based robot delivers food and amenity directly to customers’ rooms while another robot takes care of outside delivery services within a residential/commercial complex in collaboration with the Korean delivery firm, Woowa Brothers.
As the demand in hospitality and healthcare sectors is growing, the adoption for soft robotics technologies also increasing. According to the report from Bureau of Labor Statistics, the United States required additional 0.5 million nurses by 2024 representing an increase of 16% from 2014 figure of 2.7 million. There is increased need for the health services, especially in developed countries with aging population. The increasing demand for healthcare services can be managed by soft robotics in healthcare facilities by automating logistics and providing more time for staff to focus on patient care.
The leading market shareholders are integrating advanced robotics technology with developed strategies to improve the quality-of-care for patients. For instance, in May 2021, all hospitals in Mexico had the Intel powered autonomous robot RoomieBot deployed. The RoomieBot performs preliminary evaluations for blood oxygen levels, and body temperature, which is further compared with the patient’s medical history. Such data is processed via AI Intel RealSense algorithms, which enhances operational efficiency and lowers expenses.
Soft Robotics Market Trends
Soft Robotics Market Analysis
Based on Type, the market is segmented into soft grippers, inflatable robots, exoskeletons, wearables, others. The soft grippers are expected to grow significantly owing to the increase in applications such as industrial automation, agriculture, and healthcare & surgery.
Based on component, the soft robotics market is segmented into soft actuators, soft sensors, control systems, power sources and others.
Based on material, the soft robotics market is segmented into elastomers, gels, fabrics and others.
Based on applications, the market is segmented into medical and healthcare, food and logistics, automotive, agriculture and others.
The North America Soft robotics market is projected to grow significantly, reaching over USD 12.31 billion by 2034. The growth of North America market is attributed to the proactive regulatory environment that encourages innovation while ensuring the safety and efficacy of new technologies.
The soft robotics market in Europe is expected to experience significant growth with a CAGR of 34.4% by 2034. The rising growth of the Industry 4.0, coupled with strict safety requirements in the workplace, and widespread employment of automation in the automotive and food processing industries, aid in the development of the market. Economies like Germany, the UK, and France are early adopters of soft robotics technology for industrial uses, thus creating a large demand in manufacturing, logistics, and healthcare. Their focus on automating processes and advances in robotics, as well as strong spending on AI-dedicated resources, fuels the growth of the Europe market.
The Asia Pacific Soft robotics market is anticipated to witness lucrative growth and is expected to reach over USD 551.4 million by 2024. The soft robotics industry in the APAC region is growing due to the rise in smartphone usage, better internet accessibility, and robust investment into smart city projects. Such trends are increasing the need for automation technologies in industries like manufacturing, healthcare, and logistics, which are further driving the use of soft robotics.
The Soft robotics market in Latin America is expected to experience significant and promising growth from 2025 to 2034. In Latin America, the market is experiencing growth due to factors such as increasing broadband internet access, rising adoption of smartphone, and the expansion of digital banking and e-commerce platforms.
The Soft robotics market in MEA is expected to reach over 7.97 billion by 2034. The growing adoption of soft robotics for enhancing operational efficiency in sectors like agriculture, healthcare, and manufacturing is driving market growth in this region
Soft Robotics Market Share
The Soft robotics industry is highly competitive. Festo AG, Yaskawa Electric Corporation, and ABB Group are the top 3 companies accounting for a significant share of 36.6% in the market. The players in the market compete through technological advancements, cost efficiency, and industry-specific applications. Intensification of competition is driven by increasing automation in healthcare, manufacturing, agriculture, and logistics.
Companies are heavily investing in R&D to develop AI-powered soft robots with enhanced adaptability, and energy efficiency. Moreover, the integration of soft robotics with IoT, machine learning, and cloud computing further intensifies competition, making continuous innovation is a key differentiator. Partnerships, mergers, and acquisitions are common strategies adopted by major players to expand market reach and enhance technological capabilities. Prominent players are forming strategic alliances to develop cost-effective and application-specific soft robotic solutions.
Soft Robotics Market Companies
List of prominent players operating in the market include:
Soft Robotics Inc. is a prominent company in the soft robotics, specializing in cutting-edge automated picking systems with 3D vision and AI-powered soft grippers. For instance, in November 2022, Soft Robotics Inc. (SRI) announced an initial Series C closing of USD 26 million, which the company plans to use for the commercial deployment of its mGripAI™ robotic picking solutions. mGripAI, an easy-to-install automation system, integrates sophisticated 3D artificial intelligence imaging along with rapid soft grasping patented technologies that provide industrial robots with human-like hand-eye coordination.
Somnox is a soft robotic company offering science-based sleep companions that assist with breathing and calming the mind. Somnox utilizes numerous intelligent sensors that monitor breathing patterns and, respond by seamlessly easing into an optimal range for deep slumber.
Soft Robotics Industry News
The soft robotics market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue (USD Million) from 2021 – 2034 for the following segments:
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Market, By Type
Market, By Component
Market, By Material
Market, By Application
The above information is provided for the following regions and countries: