Robot Sensor Market to grow at 14% CAGR between 2018 and 2024 – Major Venders are ams AG, Cognex, EPSON, FANUC, Honeywell International Inc.,Infineon Technologies , Keyence , Rockwell Automation , SICK AG , Schneider Electric , Turck and Velodyne

The industrial revolution 4.0 has accelerated the use of autonomous and collaborative robots in the production plants across the manufacturing industry, which is contributing toward the growth of robot sensor market. The robots are being increasingly adopted in production plants that can perform exceedingly complex tasks with the highest precision, ensuring human safety. For instance, BMW, an automobile giant uses flexible assistance systems such as exoskeletons and other automated solutions. The company has installed around 60 lightweight collaborative robots by Universal Robots in their production facilities in 2017.

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Major vendors in the Robot Sensor Market Space:
1. ams AG
2. ATI Automation
3. Baumer Group
4. Carlo Gavazzi
5. Cognex
6. Datalogic
7. EPSON
8. FANUC
9. Honeywell International Inc.
10. Infineon Technologies
11. Robotiq
12. Rockwell Automation
13. SICK AG
14. Schneider Electric
15. Turck
16. Velodyne

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.

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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.

There is a rapid global demand for logistics service robotics sensor market in the warehouses to increase the operational efficiency for processes such as custom packaging, picking objects container loading, and unloading. Warehouse automation has been attainable due to the development in sensor technology with ultrasonic and visual sensors used to guide the robots. This will furthermore propel the robot sensor market.

North America dominates the robot sensor market owing to the increasing adoption of robots across various industries. According to World Robotics 2017, around 242 service robot manufacturers are present in the U.S. and the industrial robots are being deployed at an exponential rate in the U.S. The U.S. robot sensor market is expected to reach over USD 1.7 billion by 2024.

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In the first quarter of 2017, robots worth USD 516 million were ordered from North American robotics companies. The U.S. military is also investing in combat robot warriors under the U.S. Defense Advanced Research Projects Agency (DARPA) in 2016. The U.S. is also one of the top 10 countries with the highest robot density globally.

Major vendors in the robot sensor market space are SICK AG, ATI Automation, Robotiq, OptoForce, Baumer Group, Cognex, IFM electronic GmBH, ams AG, Rockwell Automation, Velodyne, Baluff AG and OMRON

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