Global Robotic Sensors Industry

3 Key Insights about a USD 5 Billion Opportunity in the Global Robotic Sensors Market: Ken Research

Driven by rapid digitization, advanced technologies, and increased investment in research and development, the global robotic sensor market is expected to exceed USD 5 billion. Says Kane’s research study

Robots are mechanical devices that operate independently, and have been designed for a wide variety of uses. Robots involve many different tasks such as welding, assembly, monitoring, and search and rescue. Robotic sensors are any of the different types of sensors used in a robot’s components to meet its unique requirements. In order to make robots mechanical and achieve an increase in production, these sensors are essential.

Ken Research shares three key insights into this high-opportunity market from its most recent research study.

1. The global robotic sensor market is expected to expand by approximately 17% through 2028, after the recovery that occurred in 2021 driven by the use of automation.

The Global Robotic Sensors Market It experienced significant expansion despite a decline during 2020, primarily due to several factors, including labor shortages and project delays or cancellations caused by partial or total shutdowns globally. Automation adoption is expected to rise significantly during the projection period as robotics developments lead to flexible manufacturing approaches. Robotic sensors will be in high demand as the deployment of autonomous and collaborative robots increases across all end user segments, allowing for improved operational accuracy and precision. According to the IFR in 2021, the number of robot installations increased slightly to 383,545 units despite the global pandemic. This makes 2020 the third most prosperous year for the robotics industry to date, with a growth rate of around 0.5%. The use of post-COVID robotics has grown rapidly during the studied period as a result of Industry 4.0 and digitization. According to the research study, the market is expected to reach around US$5 billion by 2028 from around US$1 billion in 2022, experiencing a compound annual growth rate of approximately 17% during this period.

2. The global market for robotic sensors is driving an increase in demand from major end user industries such as manufacturing, healthcare, logistics and transportation.

Drive for Industry 4.0, smart factories, adopt the Internet of Things, and develop next-generation robots as tools to help managers increase productivity, efficiency, and profitability. Sensors are used by robots for many different things. As a result, expanding the use of sensors is essential to reduce uncertainty and enhance production. According to the International Federation of Robotics, since the average density of robots has nearly doubled in the past five years, reaching 126 units per 10,000 people in 2020, the use of robots in manufacturing industries globally is accelerating at a significant rate. Moreover, the need for robotic sensors is being driven by the growing need for robotic systems in the healthcare sector, which is positively impacting the market. Since the outbreak of the COVID-19 pandemic, many healthcare companies have felt the urgency to respond quickly to the demand for hospitals and pharmacies.

The global robotic sensor industry3. Force and torque (FT) sensors dominate the market followed by proximity sensor and vision sensor

Among the product segments, force and torque (FT) sensors remained the dominant segment during 2017-2021. Moreover, Kane’s research study found that this part is likely to retain dominance even by 2028. Dominance is due to its use to measure, monitor, document and manage rotational and linear forces acting on it. In other words, the FT sensor in a mechanical or robotic system is comparable to the tiny receptors on an animal’s skin that allow it to feel ‘touch’.

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Recent developments related to the major players

  • In February 2022, Novanta Inc. A new collaboration with MassRobotics to support the development and expansion of the next wave of burgeoning robotics companies.
  • In July 2022, Balluff introduced its new generation of compact and reliable position measurement systems in profile and rod designs. These systems incorporate narrow magnetic levitation sensors for contactless position measurement.

conclusion

The Market for robotic sensors It is expected to continue to expand at a big double-digit pace of 17%, much faster than the rate the market saw between 2017 and 2021. Thanks to Industry 4.0 and digitalization, the use of robots increased significantly during the forecast period. During the projection period, advances in robotics are expected to lead to more flexible manufacturing methods, which are expected to lead to an exponential increase in the use of robotic sensors. With the increasing prevalence of autonomous and collaborative robots across end user industries, the demand for robotic sensors to provide more precision and accuracy during operation is expected to increase. Although the market is very competitive with around 200 participants, few global players dominate the dominant share and regional players also have a large share.

NB: This is an upcoming report/planned, so the numbers mentioned here for estimating market size, forecast, growth, sector share and competitive landscape are based on preliminary findings and may differ slightly from the actual report. Also, any required assignments can be covered to the fullest extent possible for pre-booking clients and report submission within a maximum of two working weeks.

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The main topics covered in the report

  • Snapshot of the robotic sensor market
  • Industry value chain and ecosystem analysis
  • Market Size and Segmentation of Robotic Sensors Market
  • Historic Growth of Overall Robotic Sensors Market and Segments
  • Market competition scenario and key developments of competitors
  • Porter’s Five Forces Analysis of Robotic Sensors Industry
  • Overview, product offerings, strength and weakness of major competitors
  • Impact of COVID 19 on the overall robotic sensor market
  • Future market forecasts and growth rates of the overall Robotic Sensor market and segments
  • Market size of application/end user segments with CAGR and future forecast
  • Global Robotic Sensors Market Analysis
  • Major production/supply and consumption/demand centers in the region
  • Historical and future market growth rates at the region level for the total market and sectors
  • An overview of notable emerging competitors in the region

Major companies mentioned in the report

  • ATI Industrial Automation
  • Balluf GmbH
  • Baumer Group
  • Advanced FUTEK Sensor Technology
  • Cognex Company
  • Electronic IFM
  • Infineon Technologies
  • OnRobot
  • cinsata
  • TE . connection

Notable startups mentioned in the report

  • OnRobot
  • cinsata
  • TE . connection
  • Blakefield
  • robotic

Main target audience – Organizations and entities that could benefit from participating in this report

  • robotics sensor manufacturers
  • Robotic sensor type assemblies
  • robotic sensors type suppliers
  • Raw Material Suppliers for Robotics Sensors
  • Potential investors in robotic sensor companies
  • Value Added Sellers
  • Industrial OEMs for robotics sensors
  • Industrial Automation Solution Providers
  • Robotics Industry Associations
  • Robotics research groups

The time period recorded in the report

  • Historical era: 2017-2021
  • Forecast period: 2022E-2028F

For more information about the research report, please refer to the links below:-

Global Robotic Sensors Market: Kin Research

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