Global Robot Sensor Market soon to outgrow USD 4.3 BN by 2025
Posted On April 18, 2019
The Global Robot Sensor Market is anticipated to reach USD 4.3 BN by 2025. The market was valued at USD 2.2 BN (by revenue) in 2018 and is expected to showcase a CAGR of 10% from 2019 to 2025. Value Market Researchforecasts a healthy growth outlook for the robot sensor market. This new study emphasizes the critical role of a various market factors influencing the overall sales of robot sensor market. The report also sheds lights on the importance of growing trendsin sensor technologies thatshapes the market dynamics of global robot sensor marketplace.
Robot sensor market is anticipated to experience significant growth owing to the continuously evolving sensor technologies. Many manufacturing industries are installing robots at their facilities in order to reduce the operational cost and improve productivity which is expected to increase the market share. Automobile manufacturers are deploying robots at a faster rate for applications such as spot welding, arc welding, and dispensing. The rising applications of industrial robots are further expected to propel the demand for advanced sensors as they enhance the system performance and enable smart factory operations more efficiently and safely. The increasing use of industrial robots across various manufacturing facilities could create enormous opportunities in the global robot sensor market.
The report - "Global Robot Sensor Market Report By Product (Force Torque, Vision, Ultrasonic, Acoustical, Tactical, Laser Range, Proximity And Others), By Application (Manufacturing, Defense, Logistics, Agriculture, Medical, Domestic, Entertainment, Others), By Robot Type (Industrial, Service And Collaborative) And By Regions - Industry Trends, Size, Share, Growth, Estimation, And Forecast, 2018-2025" - study demonstrates the market dynamics and trends which influence the current nature and the future status of the industry over the forecast period.
Market segmentation includes product, application, robot type, and region. Product section coversforce torque, vision, ultrasonic, acoustical, tactical, laser range, proximity and others. Among which, the vision sensors is gaining momentum in the market owing to higher integration of these sensors into industrial and collaborative robots for pick and place applications. Also, they help in identifying objects, navigation, and obstacle detection easily since they are integrated with technologies which include a 2D camera, 3D camera, and CMOS. Application area comprises of manufacturing, defense, logistics, agriculture, medical, domestic, entertainment, others. The manufacturing industry holds the major revenue share for the robot sensor market. The rising demand for automated systems across the manufacturing sector is increasing the market demand in industries especially in automotive to enhance the efficiency of the task. Robot type includes collaborative robots. Out of which, collaborative robots are dominating the segment owing to rising adoption of these robots for various industrial application. The regional assessment covers North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. North America lead the global robot sensor market owing to the increasing adoption of robots across various industries. Moreover, a large number of robots manufacturer are located in the U.S. and adoption rate of industrial robots in this region is very high which is also expected to fuel the industry expansion.
The Report Segments Global Robot Sensor Market -
- Force Torque
- Laser Range
By Robot Type
- North America
- Latin America
- Middle East and Africa
Players Profiled In The Report:
ams AG, ATI Automation, Baluff AG, Baumer Group, Cognex, IFM electronic GmBH, Rockwell Automation, SICK AG and Velodyne.
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