The Artificial Muscle Market Size is valued at 2.23 Bn in 2022 and is predicted to reach 5.36 Bn by the year 2031 at a 10.4 % CAGR during the forecast period for 2023-2031.
Artificial muscles can expand, contract, change their stiffness, or spin in response to an external force (current, voltage, temperature, or pressure) and are also known as muscle-like actuators. The Covid-19 epidemic has also had a large global impact on the artificial muscle sector. As several sectors experienced operational disruptions in the early phases of the epidemic, the market for artificial muscles decreased significantly.
Demand for products based on artificial muscle has decreased due to supply chain problems, lockdown processes, and decreased consumer expenditure. Additionally, investments in research and development have been prompted by the potential for artificial muscles to change several industries and the market demand for cutting-edge, high-performance actuation technologies.
Moreover, the demand for artificial muscles in robotics is rising as collaborative robots or cobots, gain popularity. These machines are designed to work alongside people and support them in tasks that require physical prowess or skill. Thanks to artificial muscles, cobots may interact with people in a softer, more compliant way, which reduces the risk of injury from unintended touch.
Competitive Landscape:
Some major key players in the Artificial Muscle Market:
- NAU
- Bayer (Artificial Muscle, Inc.)
- Steeper Inc
- Coapt, LLC
- Biomimetic Products LLC.
- Korea Advanced Institute of Science and Technology
- Chas A Blatchford and Sons
- Blatchford
- Otto Bock
- WillowWood
Market Segmentation:
The artificial muscle market is segmented based on product and application. Based on product, the artificial muscle market is segmented as electric field actuation, pneumatic actuation, and thermal actuation. By application, the artificial muscle market is segmented into industrial, medical, consumer, automotive, and aerospace.
Based On Type, The Segment Of The Actual Field Is Accounted As A Major Contributor To The Artificial Muscle Market
The actual fields category is expected to hold a major share of the global artificial muscle market in 2022. In EVs, electric fields activate various parts, including brake systems. Electric field actuation technology also makes improvements in haptic feedback systems possible in the consumer electronics sector. The need for electric field actuation technologies is anticipated to grow as consumer electronics advance. Electric field actuation drivers substantially impact the artificial muscle market and are essential to operating artificial muscles. These drivers are in charge of producing the electric fields that trigger and regulate the motion of synthetic muscles, allowing them to contract or expand under precise control.
The Automotive Segment Witnessed Growth At A Tremendous Rate
The automotive segment is projected to develop rapidly in the global artificial muscle market because of technological breakthroughs like linked automobile features, automated driving technologies, etc. The emergence of shared mobility services like ride-hailing services like Uber and Lyft also contributed to the increase in market size. Electroactive polymers (EAPs), often known as artificial muscles, have attracted increasing attention from the automobile sector.
The North American Artificial Muscle Market Holds A Significant Revenue Share In The Region
The North American artificial muscle market is expected to register the highest market share. Artificial muscles are increasingly in demand in robotics as collaborative robots or cobots gain prominence. These robots aim to work alongside people and assist them in tasks that require physical prowess or skill. Artificial muscles allow cobots to interact with people in a softer, more compliant way, reducing the risk of injury from unintended touch. With access to venture capital, grants, and other sources of finance, North America, particularly the United States, offers a strong ecosystem for startups and technology enterprises.
Thanks to this environment, companies in the artificial muscle business can expand and innovate. In addition, Asia Pacific is projected to grow rapidly in the global artificial muscle market. The area is home to a sizeable number of startups and well-established businesses in the fields of artificial muscles, soft robotics, and sophisticated materials. These businesses actively participate in product creation, alliances, and partnerships that advance the market.
Artificial Muscle Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2022 |
USD 2.23 Bn |
|
Revenue forecast in 2031 |
USD 5.36 Bn |
|
Growth rate CAGR |
CAGR of 10.4 % from 2023 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
By Type, By Application |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South Korea; South East Asia |
|
Competitive Landscape |
NAU, Bayer (Artificial Muscle, Inc.), Steeper Inc, Coapt, LLC, Biomimetic Products LLC., Korea Advanced Institute of Science and Technology, Chas A Blatchford and Sons, Blatchford, Otto Bock and WillowWood |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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