Robot Sensor Market to witness 12% CAGR by 2024: by Leading Companies: Rockwell Automation, SICK AG, Baumer Group, Cognex, IFM electronic GmBH, ams AG, ATI Automation, Velodyne

The Robot Sensor market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report LLC.

Technological advancements in sensor technology, such as miniaturization and the advent of 3D imaging sensors, are contributing significantly toward the robot sensors market. 3D technology assist robots in pick and place applications in industries as well as they are imparting vision to domestic automation technology. These applications are being automated in the industrial sector globally, augmenting the robot sensors market. Key players in the ecosystem are launching low-cost components for industrial and collaborative robots owing to the increasing shift of manufacturing toward more sophisticated technology.

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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. 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.

Robot Sensors Market is anticipated to exceed USD 4.5 billion by 2024. Factors such as declining prices, the growing penetration for collaborative robot, and the industrial revolution 4.0 are driving the robot sensors market. There is a growing demand for these components across the manufacturing and logistics industry owing to the escalating applications for pick and place, assembly, and other tasks.

ATI Automation, Robotiq, SICK AG, Velodyne, OptoForce, and OMRON are the major companies in the robot sensors market landscape. The players are adopting the strategy of price competitiveness. Axia80 was launched in September 2017 by ATI Automation and was an addition to its force torque sensor product line at a low cost. Many companies are also investing in LiDAR technology and are developing cost-effective sensor solutions to expand the product share in the robot sensors market. Additionally, companies are focusing on Asia Pacific for a higher revenue growth as it is leading the industrial robots market.

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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.

Table of Content:

Chapter 1. Methodology and Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definition and forecast parameters

1.1.4.1. Definitions

1.1.4.2. Assumptions, methodology and forecast parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Robot sensor industry 360 degree synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Robot type trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3. Robot Sensor Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.2.1. Robot industry overview

3.2.1.1. Evolution of industrial revolution 4.0

3.2.1.2. Rise of collaborative robots

3.2.1.3. Robot types

3.2.1.3.1. Stationary Robots

3.2.1.3.2. Wheeled Robots

3.2.1.3.3. Legged Robots

3.2.1.3.4. Swimming Robots

3.2.1.3.5. Flying Robots

3.2.1.3.6. Modular Robotics

3.2.1.3.7. Others (Crawler, Hybrid, soft robots)

3.2.1.4. Adoption of robots across various industries

3.2.1.4.1. Automotive

3.2.1.4.2. Healthcare & Life Sciences

3.2.1.4.3. Agriculture

3.2.1.4.4. Food Consumer goods

3.2.1.4.5. Military(others)

3.2.1.4.6. Others (domestic robots, human exoskeletons)

3.3. Industry ecosystem analysis

3.3.1. Component suppliers

3.3.2. Product manufacturers/OEMs

3.3.3. System integrators

3.3.4. Distribution channel analysis

3.3.5. End-use landscape

3.3.6. Demand supply gap

3.3.7. Vendor matrix

3.4. Price trend analysis, 2013 - 2024

3.5. North America

3.5.1. Force torque

3.5.2. Vision

3.5.3. Ultrasonic

3.5.4. Acoustical sensors

3.5.5. Tactile

3.5.6. Laser Range

3.5.7. Proximity

3.5.8. Other

3.6. Europe

3.7. Asia Pacific

3.7.1. Force torque

3.7.2. Vision

3.7.3. Ultrasonic

3.7.4. Acoustical sensors

3.7.5. Tactile

3.7.6. Laser Range

3.7.7. Proximity

3.7.8. Other

3.8. Latin America

3.8.1. Force torque

3.8.2. Vision

3.8.3. Ultrasonic

3.8.4. Acoustical sensors

3.8.5. Tactile

3.8.6. Laser Range

3.8.7. Proximity

3.8.8. Other

3.9. MEA

3.9.1. Force torque

3.9.2. Vision

3.9.3. Ultrasonic

3.9.4. Acoustical sensors

3.9.5. Tactile

3.9.6. Laser Range

3.9.7. Proximity

3.9.8. Other

3.10. Technology landscape

3.10.1. Machine vision and force sensing

3.10.2. LiDAR technology

3.10.3. 3-D Stereo vision

3.10.4. Hyper and multispectral vision systems in agriculture

3.11. Regulatory landscape

3.11.1. North America

3.11.2. Europe

3.11.3. Asia Pacific

3.11.4. Latin America

3.11.5. Middle East and Africa

3.12. Industry impact forces

3.12.1. Growth drivers

3.12.1.1. Increasing adoption of robots across various industries for automation

3.12.1.2. Growing demand of service robots in developed economies

3.12.1.3. Increasing investments in robotic industry

3.12.1.4. Technological advancements in sensor technologies providing expanded capabilities to robots

3.12.1.5. Decrease in cost of sensors augmenting market demand

3.12.1.6. Rise of collaborative robots augmenting demand for sophisticated sensors

3.12.1.7. Upsurge in the logistics and defense robot sales to drive demand in the U.S.

3.12.1.8. Made in China 2025 program by government propelling the Chinese robotics industry

3.12.1.9. Strong demand from the automobile industry in Germany

3.12.1.10. Presence of Universal Robotics and establishment of Odense cluster nurturing robotic industry in Denmark

3.12.1.11. Increasing public and private investments propelling market in France

3.12.1.12. Growing market of domestic robots in Asia Pacific

3.12.2. Industry pitfalls and challenges

3.12.2.1. High cost of devices

3.12.2.2. Export restrictions

3.13. Growth potential analysis

3.14. Porter's analysis

3.14.1. Threat of new entrants

3.14.2. Buyer's power

3.14.3. Threat of substitutes

3.14.4. Threat of suppliers

3.14.5. Industry rivalry

3.15. Competitive landscape, 2017

3.15.1. Company market share

3.15.2. Strategy dashboard

3.15.3. Acquisition landscape

3.16. PESTEL analysis

Chapter 4. Robot Sensor Market, By Product (Revenue, Shipment)

4.1. Key trends by product

4.2. Force torque sensors

4.2.1. Market estimates and forecast, 2013-2024

4.2.2. Market estimates and forecast, by region, 2013-2024

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