The latest market report published by Credence Research, Inc. “Global Industrial Robot Sensors Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The Global Industrial Robot Sensors Market generated revenue of around USD 1,397.87 million in 2020 and is anticipated to grow a CAGR of over 7.27% during the forecast period from 2021 to 2027 to reach around USD 2,661.79 million in 2027. While, cumulative growth opportunity presented by the global Industrial Robot Sensors is around USD 15.54 billion during 2021 to 2027.
Global Industrial Robot Sensors Market, 2020 – 2027 (USD Million)
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.
Vision systems to Dominate the Industrial Robot Sensors
Vision systems, Torque sensor, Proximity sensor, Collision detection sensor, Safety sensor are some of the important types of Industrial Robot Sensors. Vision sensors accounted for the largest share of the total revenue generated by the global Industrial Robot Sensors market in 2020. However, proximity and collision sensors are likely to grow at a rapid pace.
Material handling to Hold Largest Share
Material handling, Welding, Assembly line, Paint robots and others are major applications of Industrial Robot Sensors. Materials handling segment accounted for over 25% share in total demand for Industrial Robot Sensors in 2020.
Automotive Industry Poised to Grow at Rapid Pace
Electrical & electronics, Automotive, Machinery, Chemical, rubber & plastics, Food & beverages, Metals, Precision & optics and Others are leading end-user industries for Industrial Robot Sensors. Automotive industry is poised play very crucial role in growth of Industrial Robot Sensors as automotive industry is rapidly shifting towards automation. This in turn likely to drive the demand for Industrial Robot Sensors. While, electronics and electrical industry is also remained on forefront in adoption of automation and robotics in manufacturing.
Focus on Innovation
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 are leading players in global Industrial Robot Sensors market. Large number of players are operating in the global Industrial Robot Sensors market and market is highly fragmented. To gain the competitive advantage over the others, the Industrial Robot Sensors manufacturers are striving to focus on development of innovative sensors.
Huge Demand from North America
North America is dominating the demand for Industrial Robot Sensors owing huge installed base of Industrial Robot Sensors as well as demand for new Industrial Robot Sensors in the region. While, Asia Pacific is growing at a rapid pace owing to increasing automation in India, China, South Korea and Japan.
Global Industrial Robot Sensors Market by Type, 2015 – 2027
- Vision systems
- Torque sensor
- Proximity sensor
- Collision detection sensor
- Safety sensor
Global Industrial Robot Sensors Market by Application, 2015 – 2027
- Material handling
- Assembly line
- Paint robots
Global Industrial Robot Sensors Market by Company, 2015 – 2027
- OTC Daihen
- Hermary Opto Electronics
- FUTEK Advanced Sensor Technology
- Honeywell International
- Perception Robotics
- ATI Industrial Automation