As per this study the Global Robot Sensor Market was valued at USD 2.0 BN (by revenue) in 2017 and is anticipated to reach USD 3.9 BN by 2024 with a CAGR of 10%.
 
Robot sensors are used to sense and analyze objects, environment, and relative position of the robot. Robotic sensors are basically analogs of human sensory organs. The incorporation of sensors in robots has enhanced the performance to the great extent. Thus, used in varied areas such as manufacturing, medical, agriculture, defense, logistics and many more. The wide range of robot sensors such as an environmental sensor, humidity sensor, temperature, touch, imaging, speech, and many others are used to increase robot awareness.
 
Objectives of the Study:

• Define and measure the global robot sensor market
• Revenue forecast of the global robot sensor market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
The robot sensor market is growing rapidly owing to the high demand of industrial robots from the manufacturing industry. Use of robot sensor to impart safety and security, reduce operational cost and enhance performance in varied end-use industries is further fueling the market growth. Also, technological advancement coupled with rising in R&D for the betterment of robotics and robotic sensor system is further pushing the market growth uphill.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of robot sensor.
 
Market Segmentation
 
The broad robot sensor market has been sub-grouped into product, application and robot type. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Product

• Force Torque
• Vision
• Ultrasonic
• Acoustical
• Tactical
• Laser Range
• Proximity
• Others

 
By Application

• Manufacturing
• Defense
• Logistics
• Agriculture
• Medical
• Domestic
• Entertainment
• Others

 
By Robot Type

• Industrial
• Service
• Collaborative

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for robot sensor in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Robot Sensor Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the robot sensor market include ams AG, ATI Automation, Baluff AG, Baumer Group, Cognex, IFM electronic GmBH, Rockwell Automation, SICK AG and Velodyne. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.