Robot Sensors Market 2018-2024 By Top Players: SICK AG, Baumer Group, Cognex, IFM electronic GmBH, ams AG, ATI Automation, Rockwell Automation, Velodyne, Baluff AG, ATI Automation, Bionic Robotics, Carlo Gavazzi, Datalogic, Daihen Corporation, EPSON

Moreover, the demand for robot sensors market in collaborative segment is projected to grow extensively to impart machines with senses to work collaboratively with humans and ensuring safety. The need for presence sensing in collaborative systems is creating an industry for different sensors that can be integrated into a robot for more productive and efficient automation. For instance, ultrasonic sensor demand has grown as these components are now installed on the end-of-arm tools together with safety gates zone monitoring and other safety devices around the robot installation. The force-torque and vision sensor segment are projected to show a lucrative growth with the rise of collaborative systems.

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Robots are used with different types of sensors based on their applications. This has been possible due to the development of novel and innovative sensors that provide expanded capabilities. Some sensors provide an environmental feedback regarding the surroundings and the terrain. The components mainly used in the robots are proximity sensors, ultrasonic sensors, microphones, ultrasound sensors, acoustic vector sensors, vision sensors, and microphones for acquiring data from the environment. Laser range sensor technology, LiDAR, is gaining popularity in the robot sensor market and is used in service and collaborative robots for navigation & obstacle detection. These components are crucial for stimulating human-like abilities as they provide the system the ability to see, hear, touch, and move.

World robot sensors market is set to grow from its current market value of $2 billion to more than $4.5 billion by 2024, to grow at 12% CAGR

Industry Growth drivers –
• Increasing adoption of robots across various industries for automation
• Growing demand of service robots in developed economies
• Increasing investments in robotic industry
• Technological advancements in sensor technologies providing expanded capabilities to robots
• Decrease in cost of sensors augmenting market demand
• Rise of collaborative robots augmenting demand for sophisticated sensors
• Upsurge in the logistics and defense robot sales to drive demand in the U.S.
• Made in China 2025 program by government propelling the Chinese robotics industry
• Strong demand from the automobile industry in Germany
• Presence of Universal Robotics and establishment of Odense cluster nurturing robotic industry in Denmark
• Increasing public and private investments propelling market in France
• Growing market of domestic robots in Asia Pacific

The force-torque units in the robot sensor market is projected to grow at a CAGR of 12.5% owing to the increasing penetration of their low-cost. For instance, Robotiq launched FT 300 force-torque solutions for Universal Robots. These components can be integrated with Universal Robots in manufacturing plants for operations such as pick and place, machine tending, finishing, insertion, quality testing, and assembly. Force-torque sensors are imparting robotic arms with object-sensing capabilities that are significant for the diverse applications that robots are performing in today’s smart factories.
Laser range sensor technology in the robotics sensor market which was estimated to be over USD 390 million in 2017 is expected to grow over the forecast timeline owing to the emerging cheaper LiDAR sensors. For instance, Velodyne HDL-64E LiDAR was valued at an enormous price of USD 75,000.

Velodyne has introduced a low-cost LiDAR sensor, LiDAR Puck which is valued at USD 8,000 and is working on cheaper "solid state" LiDAR solutions, which do not offer a 360-degree view. Moreover, Google’s Waymo is also investing in the LiDAR technology to cut down on the sensor costs.

North America and Europe are dominating the robot sensors market due to the demand for more sophisticated automation technology in the service robotics market. These systems are being deployed in households and medical industry as lawn mowers, window washers, and surgical operators. The service robot sensors market is driven by the demands from logistics, defense, agriculture, cleaning, and construction.

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The demand for these components for industrial sector is primarily from Asia Pacific. The is the major market for industrial robots with significant contributions from countries including Taiwan, South Korea, and China. These countries are among the top countries with the highest robot density. For instance, Taiwan has 129 such system per 10,000 workers in manufacturing plants and South Korea has 339 per 10,000 workers. This increasing replacement of people by this automation technology in Asia is one of the significant factors for the growth of the robot sensors market. Deploying automation technology in the manufacturing sector saves human labor cost and offers higher precision and productivity.

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Major vendors in the robot sensor market space are SICK AG, Baumer Group, Cognex, IFM electronic GmBH, ams AG, ATI Automation, Rockwell Automation, Velodyne, Baluff AG, ATI Automation, Bionic Robotics, Carlo Gavazzi, Datalogic, Daihen Corporation, EPSON, FANUC, Honeywell International Inc., Infineon Technologies, OMRON, CAPTRON Electronic GmbH, Datalogic, FUTEK Advanced Sensor Technology, ifm electronic GmbH, iniLabs, Infineon Technologies, Keyence, MaxBotix, OptoForce, Roboception, Robotiq, SensoPart, Rockwell Automation, SICK AG, Schneider Electric, Turck, Velodyne

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