Robotic Sensors Market Trends and Forecast Report 2024-2033 | By Types, Applications, Regions And Players

Robotic sensors refer to sensor that are specifically designed for use in robotics and automation systems to measure the condition of the robot and its surrounding environment. It is commonly used to provide robots with information about their environment and to enable them to interact with it more effectively.

Jul 26, 2024 - 10:41

Robotic Sensors Market Trends and Forecast Report 2024-2033 | By Types, Applications, Regions And Players

Overview and Scope
Robotic sensors refer to sensor that are specifically designed for use in robotics and automation systems to measure the condition of the robot and its surrounding environment. It is commonly used to provide robots with information about their environment and to enable them to interact with it more effectively.

Sizing and Forecast
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 growth in the historic period can be attributed to expansion of robotics in manufacturing, industrial automation growth, demand in automotive manufacturing, growth of collaborative robots (Cobots), increasing need for precision and accuracy, expanding applications in healthcare.

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%. The growth in the forecast period can be attributed to rise of service robotics, integration in agricultural robotics, adoption in consumer electronics, development of AI-powered robots, focus on sensor fusion. Major trends in the forecast period include advancements in sensor technology, integration of artificial intelligence (AI), rise of edge computing for sensor data processing, multi-sensor fusion for comprehensive perception, robotic sensors for environmental monitoring.

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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

Asia-Pacific was the largest region in the robotic sensors market in 2023. The regions covered in the robotic sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
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

The robotic sensors market report table of contents includes:

1. Executive Summary

2. Robotic Sensors Market Characteristics

3. Robotic Sensors Market Trends And Strategies

4. Robotic Sensors Market - Macro Economic Scenario

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32. Global Robotic Sensors Market Competitive Benchmarking

33. Global Robotic Sensors Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Robotic Sensors Market

35. Robotic Sensors Market Future Outlook and Potential Analysis

36. Appendix

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