What Is The Size Of Global Robotic Sensors Industry?
Global Robotic Sensors market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F.
The Robotic Sensors Market is largely driven by introduction of Industry 4.0, widespread digitization and adoption of autonomous and collaborative robots across end-user industries
According to the Oxford Economics 2019, an independent economic advisory firm, over the past 20 years, the number of robots in use has increased three-fold, reaching ~2.25 million. In the following 20 years, trends indicate that the number of robots will grow even more rapidly, likely reaching 20 million by 2030, with 14 million of those in China alone.
One of the significant problem affecting the growing deployment of robots is the lack of skilled workers. Along with the labor shortage, the rising wages of the workforce are also having an influence on the growth of robot demand globally. Additionally, organizations must constantly train their staff to adopt new technologies, which compels them to use robotic systems and encourages market vendors to develop new system components.
Furthermore, the COVID-19 pandemic has accelerated the development of robots. The use of modern technology is increasing, especially in manufacturing and healthcare as these sectors adapt to the shifting preferences and requirements of the modern world.
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Global Robotic Sensors Market By Type
The Global Robotic Sensors market is segmented by Type into Force & Torque Sensor, Temperature Sensor, Pressure Sensor, Position Sensor, Proximity Sensor, Navigation sensor, Vision Sensor and Others.
Force & torque sensor segment is likely to hold the major market share in 2022 due to its high-precision, non-contacting, wear-free sensors having a long lifespan and providing long-term stability.
A Force and Torque (FT) sensor segment is a type of electronic instrument used to measure, track, record, and control the linear and rotational forces acting on it. In other words, the FT sensor in a mechanical or robotic system can be compared to the tiny receptors that give animals their sensation of “touch” in their skin.
Global Robotic Sensors Market By Application
The Global Robotic Sensors Market is segmented by Application into Industrial Robot Sensors, Service Robot Sensors and Collaborative Robot Sensors.
The Industrial robot sensor segment accounts for the majority share of the Robotic sensors Market in 2022 owing to the advancement of force/torque sensors and vision systems in the industrial robot sensors segment.
The industry’s growth is attributed to the increasing use of industrial robots in manufacturing facilities. Force/torque sensors, collision detection sensors, and vision sensors are the principal sensors used by these industrial robots Of glass bottles is very high as compared to other packaging material types.
Global Robotic Sensors Market By End-User
The Global Robotic Sensors market is segmented by End-User into Aerospace & Defense, Automotive, Chemicals, Consumer Electronics, Energy & Utility, Food & Beverages, Healthcare, Logistics & Transportation, Manufacturing, Agriculture and Others.
The manufacturing sector holds the largest market share in the robotic sensors Market in 2022 due to the widespread use of automation in manufacturing industries, which is utilized for a wide range of tasks like packing, picking, placing, rolling, and others.
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Key Topics Covered in the Report
- Snapshot of Robotic Sensors Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of Robotic sensors Market
- Historic Growth of Overall Robotic sensors Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of Robotic sensors Market Industry
- Overview, Product Offerings, and Strength & Weakness of Key Competitors
- COVID 19 Impact on the Overall Robotic sensors Market
- Future Market Forecast and Growth Rates of the Total Robotic sensors Market and by Segments
- Market Size of Application / End User Segments with Historical CAGR and Future Forecasts
- Analysis of Robotic sensors Market in Global Regions
- Major Production/Supply and Consumption/Demand Hubs in the Region
- Region-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within the Region
Major Companies Mentioned in the Report
- ATI Industrial automation
- Balluf GmbH
- Baumer Group
- FUTEK Advanced sensor technology
- Cognex Corporation
- IFM electronic
- Infineon technologies
- OnRobot
- Sensata
- TE Connectivity
Notable Emerging Companies Mentioned in the Report
- OnRobot
- Sensata
- TE Connectivity
- Blickfeld
- Robotous
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Robotics Sensor Manufacturers
- Robotic Sensors Type Assemblers
- Robotic sensors Type Suppliers
- Raw Material Suppliers for Robotics sensor
- Potential Investors in Robotic sensors Companies
- Value Added Resellers
- Industrial OEMs of Robotics sensor
- Industrial Automation Solutions Providers
- Robotics Industry Associations
- Robotics Research Groups
Time Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
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