Press release
Robotic Sensors Market Size, Share Analysis, Top key Players By 2033
Robotic Sensors Market Size
As per the report, the robotic sensors market size has grown rapidly in recent years. It will grow from $2.2 billion in 2023 to $2.5 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The robotic sensors market size is expected to see rapid growth in the next few years. It will grow to $3.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%.
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Automated Future Drives Robotic Sensors Market
The increasing adoption of robots for automation is expected to propel the growth of the robotic sensors market going forward. Robots refer to machines that are designed to perform tasks and are typically programmed to carry out specific functions, using a combination of sensors, actuators, and control systems. The adoption of robots for automation helps in increasing productivity and minimizes the shortage of skilled labor, where robotic sensors are essential components that enable robots to perform their functions by interacting with the environment and carrying out useful tasks. For instance, in 2022, according to the World Robotics Report by the International Federation of Robotics (IFR), a Germany-based non-profit organization, there has been a significant surge in the installation of new industrial robots across the globe. It indicates that 517,385 new industrial robots were installed in factories worldwide in 2021, representing a remarkable year-on-year growth rate of 31%. Additionally, the total number of operational robots in use globally has also reached a new record of approximately 3.5 million units. Therefore, the increasing adoption of robots for automation drives the robotic sensors market.
Product Innovation Has Emerged As A Key Trend Gaining Popularity In The Robotic Sensors Market
Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in August 2020, Omron Adept Technologies, a US-based provider of intelligent vision-guided robotics systems, launched a new mobile robot called the HD-1500. The HD-1500 is an Autonomous Mobile Robot (AMR) that has been designed to handle heavy payloads of up to 1500kg, making it suitable for material handling applications in industries such as automotive, logistics, and manufacturing. This unique product can transport heavy loads safely and efficiently, with its advanced safety features, such as it includes laser technology and, 360-degree safety scanning lasers used for simultaneous localization and safety functionality.
The robotic sensors market covered in this report is segmented -
1) By Type: Force and Torque Sensor, Temperature Sensor, Pressure Sensor, Position Sensor, Proximity Sensor, Vision Sensor, Other Type of Sensors
2) By End-User: Aerospace And Defense, Automotive Process And Packaging, Logistics, Manufacturing, Other End Users
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Major companies operating in the robotic sensors market report are Panasonic Corporation, Schneider Electric, TE Connectivity Ltd, STMicroelectronics, Infineon Technologies, Renesas Electronics Corporation, KEYENCE CORPORATION, Rockwell Automation, Inc, Omron Corporation, ams-OSRAM AG, IAI Corporation, Sensata Technologies, Vishay Intertechnology, Inc., SICK AG, DAIHEN Corporation, ifm electronic, Cognex Corporation, Melexis, Allegro MicroSystems, LLC, Datalogic S.p.A, Carlo Gavazzi, ATI Industrial Automation Inc., Oriental Motor, Futek Advanced Sensor Technology Inc., Baumer Group, FANUC Corporation, Tekscan, CAPTRON Electronic GmbH, Hans Truck GmbH and Co KG
Contents of the report:
1. Executive Summary
2. Robotic Sensors Market Report Structure
3. Robotic Sensors Market Trends And Strategies
4. Robotic Sensors Market - Macro Economic Scenario
5. Robotic Sensors Market Size And Growth
…..
27. Robotic Sensors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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