InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Artificial Muscle Market- (By Type (Electric Field Actuation, Pneumatic Actuation, Thermal Actuation), By Application (Industrial, Medical, Consumer, Automotive, Aerospace)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031.”
According to the latest research by InsightAce Analytic, the Global Artificial Muscle Market is valued at US$ 2.23 Bn in 2022, and it is expected to reach US$ 5.36 Bn by 2031, with a CAGR of 10.4% during a forecast period of 2023-2031.
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Artificial muscles can expand, contract, vary their stiffness, or spin in response to an external force (current, voltage, temperature, or pressure) and are frequently referred to as muscle-like actuators. Artificial muscles can be made from various materials, including polymers, carbon nanotubes, shape-memory alloys, and electroactive polymers. Every substance has a unique collection of unique properties and means of generating motion. Compliant balloons are built more flexible and conformable to the vessel walls than non-compliant balloons. Several significant variables, such as materials science and engineering advancements, have helped create novel materials with unique properties resembling genuine muscles, greatly increasing the demand for artificial muscle.
Moreover, artificial muscles are gaining popularity in robotics due to their ability to provide lightweight and flexible actuation, which enables more natural and versatile movements in robotic systems. As robotics advances in various industries, the demand for artificial muscles for actuation is expected to increase. Increasing Interest in Soft Robotics: Soft robotics is a rapidly increasing field that focuses on creating robots with flexible and compliant structures. Additionally, artificial muscles play a crucial role in soft robotics, as they offer the required flexibility and deformability, enabling safer interactions with humans and delicate objects, which drives market growth.
List of Prominent Players in the Artificial Muscle Market:
- Bayer (Artificial Muscle, Inc.)
- Steeper Inc
- Coapt, LLC
- Biomimetic Products LLC.
- Korea Advanced Institute of Science and Technology
- Chas A Blatchford and Sons
- Otto Bock
The demand for robotics and prosthetics is expanding, which is good news for the market for artificial muscles. Compared to conventional actuators, artificial muscles have a variety of advantages, including a lightweight and compact design, a high power-to-weight ratio, and a superior ability to mimic human movement accurately. The need for artificial muscles is growing due to their increased incorporation into robotic systems and prosthetic devices. The growing application of robotics in several industries, including manufacturing, healthcare, and logistics, drives up demand for artificial muscle. These muscles enable more accurate and organic movements, enhancing the capabilities and performance of robots.
The expensive cost of generating artificial muscles is one of the key barriers preventing the spread and implementation of this technology in different industries. This restriction can be attributed to several factors that influence the overall cost of artificial muscles. Artificial muscles can be more expensive than natural muscles, especially if they use cutting-edge materials or technology. This cost constraint can prevent widespread adoption in some sectors. It can be difficult to regulate and sense artificial muscles precisely. Creating trustworthy control systems that match the intricacy and adaptability of natural muscle control is still difficult.
The North American artificial muscle market is expected to register a major market share. Due to its long history of scientific research and development in sectors like materials science and robotics, North America held the largest stake. The creation of artificial muscles has advanced significantly. As a result, thanks to numerous research institutions and universities. America is known for being at the forefront of technical advancement. Besides, Europe had a substantial share of the market. Many businesses and startups in the Asia Pacific region are actively working to develop and market artificial muscle technology for various uses, including robotics, prosthetics, haptic feedback systems, aerospace, and robotics. The Pacific region’s access to venture financing and government funding for research and development has helped the artificial muscle business expand. To promote the creation of innovative technologies, product prototypes and commercialization initiatives are the major factors that accelerate the market growth.
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- In Apr 2021, NAU mechanical engineers made new, high-performance technology for robotic muscles. The cavatappi artificial muscles were built on twisted polymer actuators (TPAs). When they first came out, TPAs were pretty groundbreaking because they were powerful, lightweight, and cheap.
- In Sept 2019, Coapt redesigned and improved the system for controlling prosthetic arms. The company talked about its patented technology for the second version. The Coapt COMPLETE CONTROL System Gen2 was redesigned from top to bottom. It used a new mix of machine learning and artificial intelligence (AI) to create a human-bionic interface that learned and adapted to users, giving them unmatched control over their prosthetic arms.
Segmentation of Artificial muscle Market-
- Electric Field Actuation
- Pneumatic Actuation
- Thermal Actuation
- The US