The Robotic Sensors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Robotic Sensors Global Market Report 2024, 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.
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.
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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
Major companies operating in the robotic sensors market are developing innovative products with advanced technologies such as force and torque sensors, which are used in robotic technology to enable robots to perform force-sensitive tasks such as precise assembly of automobiles, where it is essential to sense the right force and torque values. In October 2021, ATI Industrial Automation, a US-based developer of robotic accessories, launched its ultra-thin Mini43LP Force/Torque Sensor, which is designed to compactly enhance the accuracy and repeatability of R&D, assembly, and other tasks. The Mini43LP sensor body is less than 8 mm tall, making it uniquely suited for smaller work envelopes and preserving the robot’s lifting power for end-of-arm tools.
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
5. Global Robotic Sensors Market Size and Growth
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26. South America Robotic Sensors Market
27. Brazil Robotic Sensors Market
28. Middle East Robotic Sensors Market
29. Africa Robotic Sensors Market
30. Robotic Sensors Market Competitive Landscape And Company Profiles
Top Major Players:
- Panasonic Corporation
- Schneider Electric
- TE Connectivity Ltd.
- STMicroelectronics
- Infineon Technologies
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