Artificial Muscle Market Report: Trends, Forecast and Competitive Analysis to 2030

Artificial Muscle Trends and Forecast

The future of the global artificial muscle market looks promising with opportunities in the industrial, medical, consumer, automotive, and aerospace markets. The global artificial muscle market is expected to reach an estimated $4.5 billion by 2030 with a CAGR of 11.5% from 2024 to 2030. The major drivers for this market are increasing demand for robotics and prosthetics and on-going technological advancements in artificial muscle materials and designs.

A more than 150-page report is developed to help in your business decisions.

Artificial Muscle by Segment

The study includes a forecast for the global artificial muscle by type, application, and region.

Artificial Muscle Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Electric Field Actuation
• Pneumatic Actuation
• Thermal Actuation

Artificial Muscle Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Medical
• Consumer
• Automotive
• Aerospace
• Others

Artificial Muscle Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Artificial Muscle Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies artificial muscle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the artificial muscle companies profiled in this report include-

• NAU
• Bayer
• Steeper
• Coapt
• Biomimetic Products
• Korea Advanced Institute of Science and Technology
• Chas A Blatchford and Sons
• Blatchford
• Otto Bock
• WillowWood

Artificial Muscle Market Insights

Lucintel forecasts that electric field actuation will remain the largest segment over the forecast period due to its increasing adoption of electric vehicles for actuating various components like brake systems.

Within this market, automotive will remain the largest segment due to growing adoption of autonomous driving technologies and connected car features and increasing demand of shared mobility services like uber and lyft.

North America will remain the largest region over the forecast period due to growing adoption of automation and advanced robotics in various industries and rising demand for innovative healthcare technologies in the region.

Features of the Global Artificial Muscle Market

Market Size Estimates: Artificial muscle market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Artificial muscle market size by type, application, and region in terms of value ($B).

Regional Analysis: Artificial muscle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the artificial muscle market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the artificial muscle market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the artificial muscle market size?

Answer: The global artificial muscle market is expected to reach an estimated $4.5 billion by 2030.

Q2. What is the growth forecast for artificial muscle market?

Answer: The global artificial muscle market is expected to grow with a CAGR of 11.5% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the artificial muscle market?

Answer: The major drivers for this market are increasing demand for robotics and prosthetics and on-going technological advancements in artificial muscle materials and designs.

Q4. What are the major segments for artificial muscle market?

Answer: The future of the artificial muscle market looks promising with opportunities in the industrial, medical, consumer, automotive, and aerospace markets.

Q5. Who are the key artificial muscle market companies?

Answer: Some of the key artificial muscle companies are as follows:

• NAU
• Bayer
• Steeper
• Coapt
• Biomimetic Products
• Korea Advanced Institute of Science and Technology
• Chas A Blatchford and Sons
• Blatchford
• Otto Bock
• WillowWood

Q6. Which artificial muscle market segment will be the largest in future?

Answer: Lucintel forecasts that electric field actuation will remain the largest segment over the forecast period due to its increasing adoption of electric vehicles for actuating various components like brake systems.

Q7. In artificial muscle market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to growing adoption of automation and advanced robotics in various industries and rising demand for innovative healthcare technologies in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the artificial muscle market by type (electric field actuation, pneumatic actuation, and thermal actuation), application (industrial, medical, consumer, automotive, aerospace, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?