Industrial Robot Sensors Market Analysis

Robot sensors can measure and detect changes to the environment external to a robot. It collects information, converts it into signals, and sends it to the robot controller, which helps the robot operate efficiently.

The industrial robot sensors market will grow at a steady rate over the next 10 years since there is increasing investment in research and development on robotic science. Both developed countries, and developing countries are automating their manufacturing processes by deploying robots since this improves the rate of production and reduces cost.

Global Industrial Robot Sensors market is expected to witness CAGR of 7.27% during the forecast period. The revenue generated by the global Industrial Robot Sensors market in 2020 was over USD 1,397.87 million and expected to generate revenue worth USD 2,661.79 million in 2027. The incremental growth opportunity offered by the global Industrial Robot Sensors is estimated to be USD 15.54 billion between 2021 and 2027.     

Interesting Facts about Industrial Robot Sensors Industry

• Industry 4.0 is an industrial revolution rapidly changing technology landscape in manufacturing industry
• Industrial Robotics market was valued at around USD 25 Billion in 2020
• Worldwide yearly shipments of robots soared to around 400,000 in 2020
• As of year, ended 2020, there were more than 2.5 million industrial robots operating on factor floors
• S. has highest employee to industrial robotics density in the world followed by Europe   

Rapid Pace of Automation

Increasing industrial automation means that robots are now being used to manage complex processes, reduce labour costs, save on energy, improve accuracy, boost production efficiency and enhance quality. All of these are having the effect of boosting the robot sensor market.

Industrial initiatives launched by several governments around the world will increase the usage of industrial robots and robotic sensors. Hence, the market for robot sensors will grow in the near future. All of these developments are motivating market players to enhance their robotic sensor technology to boost production efficiency in manufacturing facilities.

COVID 19 Pandemic has Proved the Benefits of Industrial Robotics

Covid-19 has proved to be a key driver for the industrial robotic sensor market. Due to the pandemic, companies are now using robots to reduce their reliance on human labor. Organizations are also launching programs to develop medical robots that can be used to combat covid-19. Owing to covid-19, industry leaders are now increasingly looking towards robots to run their production facilities since there is a serious shortage of human labor.

However, the technological challenges and the high cost of robotic sensor equipment will hamper the market for industrial robotic sensors.

Vision Sensors to Dominate the Industrial Robot Sensors

Vision systems, Torque sensor, Proximity sensor, Collision detection sensor, Safety sensor, etc. are some of the major types of sensors used in industrial robotics. Vision sensors dominate the market for Industrial Robot Sensors with over 20% share in 2020. Material handling, Welding, Assembly line and Paint robots are some of the application markets for Industrial Robot Sensors.

Changing Technology Landscape and increasing Adoption of Robotics  

The most important of these is the increased adoption of robotic technology to automate all kinds of manufacturing tasks. Another key driver is the increased requirement for service robots in technologically advanced countries. Also, rising investments on robotic research has to be factored in.

The industrial robotic sensor market is rising because there is a consistent improvement in robotic sensor technology that is extending the capabilities of robots.

Due to ongoing research and development projects, the costs of robotic sensors are also steadily decreasing. Robots are increasingly being used for complex tasks, resulting in an increased demand for robotic sensor technology. In the US as well as other developed countries there is an increase in the adoption of robots for defense and logistics purposes. Also, the use of robots in the automotive sector is another crucial driving factor. Robots are also being increasingly used in medical applications such as surgery.

Asia Pacific to Witness Robotics Boom in the Years to Come

There is an increasing trend of domestic robots in the Asia Pacific region for industrial applications. This is increasing the demand for robotic sensors. However, there are certain drawbacks that restrain the industrial robotic sensor market. These are the high costs involved and the technical challenges associated with advanced robotic sensors.

Some of the leading players in global Industrial Robot Sensors include Robocep, Roboception, EPSON, iniLabs, Cognex, OTC Daihen, Hermary Opto Electronics, Fanuc, FUTEK Advanced Sensor Technology, Honeywell International, ams, MaxBotix, Perception Robotics, ATI Industrial Automation, Tekscan and Omron.

Frequently asked questions about global Industrial Robot Sensors industry