Robotic Sensors Market size is Projected to Reach $4.9 Billion by 2031 | Growing at a CAGR of 10.78%.

Allied Market Research published a report on the Robotic Sensors Market by Type (Proximity Sensor, Vision Sensor, Position Sensor, Temperature Sensor, Force (Torque) Sensor, Others), by Vertical (Logistics, Aerospace and Defense, Manufacturing, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.

The global robotic sensors market size was valued at $1.8 billion in 2021, and is projected to reach $4.9 billion by 2031, growing at a CAGR of 10.78% from 2022 to 2031.

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The key factor that drives the robotic sensors market growth include surge in adoption of industrial robots in automotive manufacturing. The automotive manufacturing is attributed to the growing penetration of industrial robot sensors across production facilities. These industrial robots are highly integrated with robot touch sensor such as proximity sensors, ultrasonic sensors and laser range sensors. Further, these advanced sensors help robots to achieve high precision & accuracy and increased productivity across factories.

According to robotic sensors industry analysis, the force/torque sensor segment was the highest revenue contributor in 2021, due to increase in demand for automotive products, growing adoption of force sensor in manufacturing application, rapidly rising adoption of advanced driver assistance systems. Additionally, adoption of internet of things (IoT) technology and rising robot application in industries are expected to create lucrative opportunities for the market. The manufacturing segment accounted for around 30.85% market share in 2021. Surge in demand for robots in the manufacturing industry enables manufacturers to achieve high quality, reliability, economic efficiency, and less product life cycle cost.

Report Overview:
https://www.alliedmarketresearch.com/robotic-sensors-market-A16956

The research report presents a complete judgment of the robotic sensors market trends, growth factors, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. Also, these research report provides accurate economic, global, and country-level predictions and analysis, size and share analysis, market dynamics, segmental analysis, top investment pockets, competition landscape, market drivers, restraints, and opportunities

Competitive Analysis:

The robotic sensors industry key market players adopt various strategies such as product launch, product development, collaboration, partnership, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

Some of the major key players of the global robotic sensors market include,

Baumer group
Fanuc Corporation
FUTEK Advanced Sensor Technology, Inc.
Honeywell International Inc.
ATI Industrial Automation, Inc.
Infineon Technologies AG
OMRON Corporation
Sensata Technologies, Inc.
TE Connectivity Ltd.
Tekscan, Inc.
Keyence Corporation
Cognex Corporation
Ifm Electronic
Schneider Electric

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Top Impacting Factors:

The market top impacting factors include rise in need for automation and safety in organization and availability of affordable, energy-efficient robots. In addition, rise in labor & energy costs and increase usage of robot touch sensor in different industry verticals impact the growth of the market. Furthermore, the market growth is affected by limited shelf life associated with robotic sensors. In addition, increase in investments in aerospace robotics influence the market growth. However, each of these factors is expected to have a definite impact on the growth of the market in the coming years.

Research Methodology:

The research uses both primary and secondary research to assemble data on the various facets of the international robotic sensors market. Using interviews or surveys, primary market research has been used to collect highly authenticated data from direct sources, such as consumers in a particular market. Secondary market research is a method for gathering information from previously released data that has been produced by international organizations, business groups, government and research institutions, and so on.

Key Benefits for Stakeholders:

1) Porter's five forces analysis illustrates the potency of the buyers and the robotic sensors market share of key vendors.

2) The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.

3) This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.

4) Major countries in each region are mapped according to their revenue contribution to the global market.

5) The report includes major robotic sensors suppliers along with the company overview, business segments, product portfolio, and key strategic moves and development in the market.

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