Robot Sensor Market: What are the Future Growth Opportunities? Top Players: ams AG, ATI Automation, Baluff AG, Bionic Robotics, Baumer Group, Carlo Gavazzi, Cognex, CAPTRON Electronic GmbH, Datalogic, Daihen Corporation, EPSON, FANUC

Powered by the current trends of digitalization and innovation, robot sensor market giants have been working toward developing advanced robotic sensing systems. The initiatives taken by the researchers and product developers to increase the effectiveness of conventional sensing systems implemented in the robots will revolutionize the overall robot sensor industry. For instance, recently, a few researchers from the Chongqing university based in China developed a self-powered triboelectric auditory sensor which can be used to manufacture electronic auditory system-assisted external hearing aids that can be installed in intelligent robotics applications. The advent of next-generation auditory systems will thus prove to be ideal for enhancing communication between human beings and robots that would be useful for improving industrial outcomes.

Elaborating on the human-machine interaction, it would be prudent to mention that the shifting focus of the automakers toward the development of autonomous vehicles would prove to a breakthrough that would help augment the commercialization graph of robot sensor industry. Though the current ADAS system does not support high-level automation, the continuous involvement of automakers toward launching fully automated vehicles is likely to generate lucrative opportunities for robot sensor market contenders. In addition to this, for improving workplace productivity, many automakers and industrial product manufacturers have been giving preference for robotic automation. The increasing acceptance rate of robotic automation across the automotive sector will thus massively propel robot sensor industry share over the years ahead.

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Owing to diverse industrial applications and improved operational efficiency provided by robots, the robot sensors market has developed rapidly and boasts of an extensive product base, with estimated earnings of over USD 2 billion in 2017. Robots have been used in basic functions and primary support for many years, but technological revolutions have brought about an obvious change in the way they are applied to different processes. Constant innovations in sensory technology and increased efforts of forward-thinking industry specialists to promote the adoption of robotics in manufacturing have boosted the robot sensor market. Material handling, welding, polishing and inspections have become common activities where industrial robots are efficiently deployed. Labor-cost reduction resulting in an exponential rise of profit margins has been a well-advocated benefit of using robots, further propelling the robot sensors market.

The advantage of being able to work unsupervised round the clock has propagated the use of robots by small, medium and large scale businesses to ensure accurate and timely performance of various tasks involved at production facilities. Augmenting the growth of the robot sensor market is the ability of modern robots to be integrated into a smart or connected work environment, where machines can be controlled and monitored remotely by humans or programed computer software. A notable trend related to the robot sensor market which is being witnessed in sectors where robots have been prevalently employed, is the installation of new robots equipped with vision, laser, force-torque and other types of sensors to enable execution of critical tasks to save time and assure human safety. For instance, vision sensors can help a robot to locate parts on conveyor belts or bins and load it in carriers faster, while force torque sensors assist an assembly robot by providing feedback to make sure a component is inserted properly.

With similar application of cobots being observed throughout the manufacturing sector, the collaborative robots' segment is anticipated to contribute at least USD 600 million to the robot sensors industry by 2024. To elaborate, consider the adoption of cobots by the French multinational auto maker, PSA Group, which incorporated Universal Robots' UR10 within its new robotic assembly system at Sochaux. In the system, UR10 robots are mounted on a moving platform which goes under the vehicle, and when human operators pull the vehicle into place the UR10s perform the difficult screw-driving task under the vehicle while the operators complete other assembly tasks. PSA Group has confirmed that the new assembly system has reduced the production costs by two to eight euros per vehicle, converting to initial savings of 400,000 to 1.6 million euros in the year.

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Evidently, the advancing robot sensors industry has transformed the use of robots in automobile manufacturing, giving the segment a major thrust in terms of market expansion. Although restrictions with respect to high initial investments exist, companies are overcoming these challenges through cooperative partnerships, like the leasing model developed by QDS Systems in association with the Lease Corporation of America.

Table of Contents (ToC) of the report:

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
4.3. Vision sensors
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
4.4. Ultrasonic sensors
4.4.1. Market estimates and forecast, 2013-2024
4.4.2. Market estimates and forecast, by region, 2013-2024
4.5. Acoustical sensors
4.5.1. Market estimates and forecast, 2013-2024
4.5.2. Market estimates and forecast, by region, 2013-2024
4.6. Tactile sensors
4.6.1. Market estimates and forecast, 2013-2024
4.6.2. Market estimates and forecast, by region, 2013-2024
4.7. Laser sensors
4.7.1. Market estimates and forecast, 2013-2024
4.7.2. Market estimates and forecast, by region, 2013-2024
4.8. Proximity sensors
4.8.1. Market estimates and forecast, 2013-2024
4.8.2. Market estimates and forecast, by region, 2013-2024
4.9. Other sensors
4.9.1. Market estimates and forecast, 2013-2024
4.9.2. Market estimates and forecast, by region, 2013-2024

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