Press release
Robot Sensor Market Covering Top Key Players like - ams AG, Cognex Corporation, Epson America Inc., FANUC America Corporation, Honeywell, Infineon Technologies, KEYENCE CORPORATION, Rockwell Automation, SICK, Schneider Electric, Turck USA, Velodyne LiDAR
Robot Sensor Market size is set to exceed USD 4.5 billion by 2024; 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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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.
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.
Key industry participants: -
1. ams AG
2. ATI Automation
3. Baluff AG
4. Baumer Group
5. Bionic Robotics
6. Carlo Gavazzi
7. Cognex
8. CAPTRON Electronic GmbH
9. Datalogic
10. Dainhen Corporation
11. EPSON
12. FANUC
13. Futek Advanced Sensor Technology
14. Honeywell International Inc.
15. ifm electronics GmbH
16. iniLabs electronics GmbH
17. Infineon Technologies
18. Keyence
19. MaxBotix
20. OMRON
21. OptoForce
22. Roboception
23. Robotiq
24. Rockwell Automation
25. SensoPart
26. SICK AG
27. Schneider Electric
28. Turck
29. Velodyne
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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.
Regional Insights: -
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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Asia Pacific is the fastest growing region with a CAGR of around 15% in the robot sensor market. This is attributed to the massive demands from China, South Korea, and Taiwan. South Korea’s robot density is 347 per 10,000 persons in manufacturing, Japan’s robot density is 339 and that of Taiwan is 129. This increasing replacement of people with robots across industries is one of the major drivers for the robot sensor market in the region.
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