Robot Sensor Market: Technological Revolution Fueling Market Growth | Key Players are ams AG, Cognex Corporation, Datalogic, Epson America Inc., Honeywell, Rockwell Automation, SICK, Schneider Electric, Turck USA, Velodyne LiDAR, Inc.

In an era defined by the increasing adoption of robotics, robot sensor market has quite overtly consolidated its stance in the overall electronics space. Robotic automation is now being deployed across a slew of applications, from industrial and domestic to commercial and logistic applications, for achieving several operational and workplace benefits.

Apart from being used for obtaining long-term performance benefits at the workplace combined with efficiency, robots are also being deployed on account of their lesser susceptibility to fatigue. The increasing implementation of robots to minimize workplace risks and reduce fatigue is certain to boost robot sensor market.

Factors such as declining prices, the growing penetration for collaborative robot, and the industrial revolution 4.0 are driving the robot sensor 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.

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The demand for robot sensor 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.

The key players covered in robot sensor market study report: -

1. ams AG
2. ATI Industrial Automation
3. Carlo Gavazzi Automation
4. Cognex Corporation
5. Datalogic
6. Epson America Inc.
7. FANUC America Corporation
8. Honeywell
9. Infineon Technologies
10. KEYENCE CORPORATION
11. OMRON Group
12. Robotiq
13. Rockwell Automation
14. SICK
15. Schneider Electric
16. Turck USA
17. Velodyne LiDAR, Inc.

The extensive requirement of sensors for regulating various industrial and automotive applications including robotics, camera recorders, telematics, ADAS, cluster, IoT, ECUs, HUD, and infotainment systems has created revenue generating opportunities for the players in robot sensor market. Focusing on the increasing demand for robotic automation, renowned robot developers have been joining hands with leading product distributors for extending their regional reach. The surging demand for robots across myriad verticals will also have a positive influence on the development of sensors.

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Validating the aforementioned fact, a few days before, Techman Robot signed a deal with OMRON to form a business alliance for distributing its collaborative robots across the globe. In addition, the duo will also collaborate to develop next-generation collaborative robots that could enhance the working harmony between human and machines. In China, one of product manufacturing firms located in Dongguan city replaced 90% of its human workforce with automated machines which helped them to increase the plant productivity by 250% and reduce the chances of defective part production by 80%. Such productive statistics have been possible solely because of effective robotic sensors systems.

The staggering demand from the industrial, manufacturing, and other commercial sectors to ensure efficient outcomes will have a favorable impact on robot sensor market trends. The increasing availability of next-generation and AI-assisted robotic systems will also propel the product demand over the years ahead. Driven by the ever-rising acceptance of robotic automation across the globe, robot sensor market will surpass a revenue collection of USD 4.5 billion by the end of 2024.

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