Robotic Artificial Muscles Market Set to Surge with Major Industry Advancements
Author : Manish Jha | Published On : 23 Feb 2024
Astute Analytica has recently released an insightful market research report titled "Global Robotic Artificial Muscles Market" This comprehensive study delves into the major growth drivers and opportunities influencing the global market, while also highlighting emerging trends shaping current and future market developments.
Get a complete report on Global Robotic Artificial Muscles Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
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Analysis and Growth Projection for the Robotic Artificial Muscles Market:
The Robotic artificial muscles market grow with a CAGR of 17.4% by 2022-2030. Robotic artificial muscles build up a sub-category of artificial muscles which are able to produce biologically stimulated motions. There is a vast range of motions that these robot systems carry out including inherent compliance, power-to-weight ratios, and many others. These types of artificial muscles have potential utilization in a wide range of applications owing to their achievements in control methods, modeling, and fabrication. They are widely used in medical devices or smart textiles. This aided the market to flourish via industrial sectors.
Leading Competitors:
- Liberating Technologies, Inc. is involved in the development and supply of upper limb prosthetic devices. VariGrip Prosthetic was developed and manufactured by this company, which provides support and control to the below-elbow amputees. Another prosthetic, developed by Liberating Technologies was specifically designed for above-elbow amputees, the prosthetic is called Boston Digital Arm System. The company develops prosthetic for all age groups since long.
- A group of researchers from KAIST's Creative Research Initiative Center for Functionally Antagonistic Nano-Engineering developed robotic muscle made up of MXene material ionically cross-linked to a synthetic polymer. The combination provides flexibility while maintaining the strength and conductivity of the muscle.
- Environmental Robots Incorporated (ERI) is a global leader of biomimetic nano-sensors and nanoactuators, artificial muscles, science kits, and more. ERI has developed a cost effective Contractile Polymeric Artificial Muscle Science Kit to highlight the technology of electroactive polymers. Its aim was to spread the awareness among researchers, students, engineers and scientists about the technology of chemically activated polymers.
Market Dynamics:
Examining the market size, CAGR, consumption, and production, the study provides expert insights into potential growth areas and nations poised to contribute significantly to market expansion.
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Segmentation Analysis:
The research employs various market segmentations to enhance comprehension. By carefully assessing the growth potential of each segment, market analysts expertly categorize the market to help stakeholders focus on high-growth segments and develop effective business strategies.
Segmentation Overview:
By Type
- Piezoelectric actuators
- Electroactive polymer (EAP) actuators
- Shape memory polymers (SMP) actuators
- Soft-fluidic actuators
- Others
By Material
- Ionic EAPs
- Conducting polymers (CPs)
- Carbon nanotubes (CNTs)
- Electroactive gels
- Others
By Actuation Mechanism
- Electric Field Actuation
- Thermal Actuation
- Pneumatic Actuation
- Others
By Applications
- Grippers and manipulators
- Walking robots
- Biomimetic robots
- Humanoid robots
- Medical robots
- Self-reconfigurable robots
- Wearable and assistive robots
- Others
Geographical Analysis:
Utilizing the geographical analysis presented in the report, competitors can identify untapped sales and business expansion opportunities in different regions and nations. The analysis considers factors such as market share, future growth potential, CAGR, and market size for each regional and national market.
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Key Drivers of the Robotic Artificial Muscles Market
Competitive Dynamics: The Robotic Artificial Muscles market thrives on competition, spurring innovation, enhancing product quality, and fostering price competitiveness. Companies vying for a competitive edge drive market growth and evolution.
Globalization: The increasing interconnectivity of Robotic Artificial Muscles markets on a global scale offers businesses access to expansive customer bases and intricate supply chains. While globalization provides opportunities for market expansion, it also intensifies competition.
Demographic Shifts: Changes in population size, aging demographics, and shifts in consumer characteristics (e.g., urbanization) significantly influence market demand for various products and services.
Environmental Awareness: Rising environmental concerns have given rise to eco-friendly markets, as consumers and businesses seek sustainable alternatives and practices.
Sociocultural Trends: Evolving societal values and cultural trends can impact consumer preferences, effectively steering market dynamics.
Market Research and Data Analytics: Access to robust market research and data analytics tools empowers businesses to gain deep insights into consumer behavior and market trends, facilitating informed decision-making and market development.
Infrastructure Investments: Strategic investments in infrastructure, spanning transportation, communication, and energy, can open up new markets and catalyze economic growth.
Consumer Demand: The pivotal role of consumer preferences, needs, and purchasing power cannot be overstated in driving markets. When consumers demand specific products or services, businesses respond by developing and offering them.
Technological Advancements: Ongoing technological advancements have the potential to create new markets or revolutionize existing ones. Innovations often fuel market growth by creating opportunities for novel products, services, and industries.
Economic Conditions: Economic factors like GDP growth, inflation rates, and employment levels wield considerable influence over markets. Robust economic conditions typically result in increased consumer spending and business investments.
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