Robotic Sensors Market Analysis APAC, Europe, North America, South America, Middle East and Africa - China, US, Japan, South Korea, Germany - Size and Forecast 2024-2028

Robotic Sensors Market Size 2024-2028

The robotic sensors market size is forecast to increase by USD 698.7 million at a CAGR of 7.08% between 2023 and 2028.

• The market is witnessing significant growth due to the increasing adoption of artificial intelligence and industrial automation across various industries. Key sectors driving this market include packaging, energy storage, logistics, robotics, telemedicine, and medical devices. The development of next-generation robots, such as collaborative robots and autonomous vehicles, is also fueling market growth. However, challenges persist in delivering high-quality sensors at a low cost. Cloud computing and digital transformation are playing a crucial role In the growth of the market. Industrial robotics, including industrial robots and scrubber robots, are being integrated with sensors for improved efficiency and productivity. The e-commerce industry's demand and the increasing use of drones for delivery services are also contributing to market growth.
• The renewable energy sector is adopting wireless connectivity and smart machines for efficient energy storage and management. Proximity sensors are being used in various applications, including industrial automation, automotive, and healthcare. The adoption of Industry 4.0 and the increasing use of wireless connectivity are expected to further boost the growth of the market. Key applications include remote patient monitoring, ultrasonic sensors, and lidar sensors in autonomous vehicles. The market is expected to continue its growth trajectory, driven by the increasing demand for automation and digitalization across various industries.

What will be the Size of the Robotic Sensors Market During the Forecast Period?

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• The market encompasses a diverse range of technologies that enable advanced functionalities in various industries, including industrial robotics, medical services, automotive, and energy storage. These sensors play a crucial role in automation, artificial intelligence, machine learning, and control systems, driving Industry 4.0 and IIoT solutions. In industrial robotics, sensors enable continuous patient monitoring, automated drug delivery, and smart factory applications. In medical services, they facilitate conductive robotic surgeries and ICU ventilator support. The automotive sector utilizes sensors for autonomous driving and drone navigation. Robotic floor scrubbers and Te Connectivity's sensor solutions are essential components of engineering and manufacturing applications. Overall, the market for robotic sensors is experiencing significant growth due to increasing automation demands, the integration of AI and machine learning, and the expansion of Industry 4.0
• and IIoT solutions.

How is this Robotic Sensors Industry segmented and which is the largest segment?

The robotic sensors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Application
  • Industrial robots
  • Service robots
  • Collaborative robots
• Geography
  • APAC
    • China
    • Japan
    • South Korea
  • Europe
    • Germany
  • North America
    • US
  • South America
  • Middle East and Africa

By Application Insights

• The industrial robots segment is estimated to witness significant growth during the forecast period. The Robotic Sensors Market encompasses various sensor technologies that play a crucial role in enhancing the functionality and efficiency of robotic systems in diverse industries. In Smart factories, sensors integrate with control systems to optimize production processes, ensuring quality and reducing injuries and accidents in the workplace. TE Connectivity, ICU, and Ventilator manufacturers leverage sensors for medical applications, while drones and robotic floor scrubbers utilize sensors for positioning and navigation.
• E-commerce companies and logistics providers employ sensors in their warehouses for inventory management and warehouse robots. Military and defense agencies utilize sensors for combat tasks, including sniper selection, target acquisition activities, security systems, explosives detection systems, and crime detection systems. Sensor technologies also power propulsion and flight controls in drones and autonomous shipping, as well as site monitoring and weaponry controls. Sea machine robotics and software solutions further expand the application scope, addressing the needs of industries such as oil and gas, renewable energy, and construction.

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The Industrial robots segment was valued at USD 1.08 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 48% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC is experiencing significant growth, driven by the contributions of countries such as South Korea, China, Taiwan, and India. This region is a significant operational base for leading robot manufacturers like Honeywell International Inc. And Infineon Technologies AG, as well as a hub for system integrators. Industries such as automotive, food and beverage, renewable energies, logistics, medical care, and communications are thriving in APAC. Favorable government legislation and investments have bolstered the manufacturing industry, leading to the development of infrastructure and related industries, including robots and sensors. In the medical sector, robotic sensors are integral to conductive surgeries, continuous patient monitoring, automated drug delivery, and quality inspection.

In industrial applications, sensors enable automation in manufacturing robotics, material handling, polishing, deburring, painting, and laser range sensors in automotive manufacturing facilities. IoT solutions, such as position sensors, proximity sensors, and ultrasonic sensors, are essential for Industry 4.0 and smart factories. The market in APAC is poised for expansion, with applications in aerospace and defense, chemicals, consumer electronics, energy and utility, and various other industries.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of Robotic Sensors Industry?

The emergence of IIoT is the key driver of the market.

• Robotic sensors play a crucial role In the integration of the Industrial Internet of Things (IIoT) and automation in various industries, including manufacturing and healthcare. In manufacturing, robot sensors such as force/torque, linearity, hysteresis, temperature compensation, and proximity sensors enable precise control in polishing, deburring, painting, material handling, and quality inspection tasks. In healthcare, sensors in medical service robots facilitate conductive surgeries, continuous patient monitoring, automated drug delivery, and injury prevention. IIoT solutions, including laser range sensors, ultrasonic sensors, and position sensors, enhance the functionality of industrial robots, collaborative robots, and IoT devices. The automotive sector, aerospace and defense, chemicals, consumer electronics, energy and utility, food and beverages, healthcare, logistics and transportation, and other industries benefit from these advancements.
• With the increasing adoption of artificial intelligence, machine learning, and augmented reality in robotics, the future of industrial automation is poised for significant growth. companies offer various services and control modules through smart devices and Wi-Fi technology to ensure flexible and convenient operations for human operators managing multiple robots remotely. IIoT solutions enable smart factories to achieve corporate goals and key performance indicators (KPIs) by integrating smart machines, warehouses, and entire production facilities.

What are the market trends shaping the Robotic Sensors Industry?

The development of next-generation robots is the upcoming market trend.

• Robotics technology encompasses four primary application domains: manipulation, navigation, cognition, and perception. Notable advancements in gripping, mechatronics, drives, and motion controls have fueled the growth of industrial robots for manipulation tasks, such as loading, packaging, and material handling. This development marks the first generation of robotics technology, which has expanded business possibilities over the last two decades. Moreover, continuous progress in navigation and perception technologies has broadened the scope of robotics applications. Second-generation robots are equipped with advanced 3D-vision systems and sensors, combined with intelligent algorithms, enabling them to detect human presence and machines. These advancements have significant implications for various industries, including manufacturing robotics for automation, collaborative robots for polishing, deburring, painting, and material handling, and medical service robots for continuous patient monitoring, automated drug delivery, and quality inspection.
• In the automotive sector, robotics technology is increasingly being adopted for Industry 4.0 and IIoT solutions, with applications in laser range sensors, proximity sensors, ultrasonic sensors, and automotive manufacturing facilities. Additionally, robotics technology is being integrated with artificial intelligence, machine learning, and software solutions for intelligent factories and smart warehouses. Robot sensors, such as force/torque sensors, linearity, hysteresis, temperature compensation, and position sensors, play a crucial role in enhancing the functionality and performance of robotics systems. These sensors enable precise control and monitoring in various applications, including industrial robotics, aerospace and defense, chemicals, consumer electronics, energy and utility, food and beverages, healthcare, logistics and transportation, and more.
• Low-cost operations and the integration of IoT devices, augmented reality, cloud computing, and control systems have further expanded the potential applications of robotics technology. This technology is also being utilized in military, defense agencies, and e-commerce companies for combat tasks, sniper selection, target acquisition activities, security systems, explosives detection systems, propulsion, flight controls, site monitoring, weaponry controls, sea machine robotics, autonomous shipping, and more.

What challenges does the Robotic Sensors Industry face during its growth?

Challenges in delivering high quality at low cost is a key challenge affecting the industry growth.

• Robotics sensors play a crucial role in enhancing the functionality and precision of industrial robots, medical service robots, and manufacturing systems. The demand for high-end features such as force/torque sensors, linearity, hysteresis, temperature compensation, and low-cost operations is driving the growth of the robot sensors market. However, the industry's size poses a challenge in achieving economies of scale, which is necessary to reduce the cost of developing new sensors. Customization is another significant factor that increases the cost of sensors, as they must deliver the required accuracy and reliability for various applications, including automotive manufacturing, Industry 4.0, IIoT solutions, and collaborative robots. In the construction industry, lidar sensors are being used for surveying and mapping applications. In consumer electronics, ultrasonic sensors are being used for object detection and distance measurement.
• The market has seen a decline in sensor costs due to the availability of off-the-shelf sensors, which are widely used in automation, polishing, deburring, painting, material handling, and quality inspection processes. The integration of sensor technologies in industrial robots, smart factories, and robotics control systems is expected to continue, with advancements in artificial intelligence, machine learning, energy storage, engineering, and IoT devices, such as laser range sensors, proximity sensors, ultrasonic sensors, and angle sensors, among others. The applications of robot sensors extend to aerospace and defense, chemicals, consumer electronics, energy and utility, food and beverages, healthcare, logistics and transportation, and more.

Exclusive Customer Landscape

The robotic sensors market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the robotic sensors market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, robotic sensors market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Balluff GmbH
• Baumer Holding AG
• Carlo Gavazzi Holding AG
• Cognex Corp.
• Daihen Corp.
• FANUC Corp.
• Honeywell International Inc.
• ifm electronic gmbh
• Infineon Technologies AG
• Keyence Corp.
• Novanta Inc.
• OMRON Corp.
• OnRobot AS
• Roboception GmbH
• Schneider Electric SE
• Seiko Epson Corp.
• SICK AG
• TE Connectivity Ltd.
• Tekscan Inc.
• Velodyne Lidar Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market encompasses a wide range of technologies designed to enhance the functionality and performance of robotic systems. These sensors play a crucial role in various industries, including industrial robotics, automation, and manufacturing, by providing essential data for process control, quality inspection, and safety. Robotic sensors come in various types, each with unique features and applications. Force/torque sensors, for instance, measure the force and torque applied to a robot's joints, ensuring precise control and preventing damage. Linearity, hysteresis, temperature compensation, and other high-end features are essential considerations for these sensors to maintain optimal performance. The integration of robot sensors in industrial applications has led to significant advancements in automation, enabling cost savings through low-cost operations and increased efficiency.

Collaborative robots, or cobots, have gained popularity in industries such as polishing, deburring, painting, material handling, and more, thanks to their ability to work alongside human operators. Sensor technologies have also found applications in non-industrial sectors. For example, in healthcare, sensors are used for continuous patient monitoring, automated drug delivery, and quality inspection in Intensive Care Units (ICUs) and ventilator systems. In the automotive sector, laser range sensors, proximity sensors, and ultrasonic sensors are employed in automotive manufacturing facilities to ensure the production of high-quality vehicles. The rise of Industry 4.0 and the Internet of Things (IoT) solutions has further expanded the scope of robot sensors.

These technologies enable smart factories, intelligent factories, and autonomous systems, enhancing the overall efficiency and productivity of industrial processes. Robot sensors are also integral to the aerospace and defense sector, where they are used for propulsion, flight controls, site monitoring, weaponry controls, and more. In the energy sector, sensors are used for monitoring electrical resources and ensuring the efficient operation of power plants. The integration of robot sensors in various industries has led to numerous benefits, including improved safety, increased efficiency, and enhanced productivity. However, the implementation of these technologies also presents challenges, such as ensuring data security and privacy, integrating sensors with existing systems, and addressing the high cost of advanced sensor technologies.

The market is a dynamic and evolving sector that plays a crucial role in various industries, from manufacturing and automation to healthcare and aerospace. The continued advancements in sensor technologies and their integration with artificial intelligence, machine learning, IoT solutions, and other emerging technologies will further expand their applications and benefits.

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What are the Key Data Covered in this Robotic Sensors Market Research and Growth Report?

• CAGR of the Robotic Sensors industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, Europe, North America, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the robotic sensors market growth of industry companies

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