Key Market Overview:
The Robotic Sensor market is estimated to reach over 4.4 USD Billion by 2030 from a value of 1.9 USD Billion in 2022, growing at a CAGR of 10.9% from 2022-2030.
Robotic sensors are devices that are used in robots and other automation systems. The sensors are used for detecting and measuring physical properties such as position, temperature, light, and force. Further, robotic sensors are used in a wide range of applications, including manufacturing, agriculture, healthcare, and logistics. For instance, in healthcare, robotic sensors are used in surgical robots to help surgeons perform procedures with greater precision.
As technology continues to advance, robotic sensors are gaining popularity in terms of sophistication. In addition, robotic sensors are capable of providing more accurate and reliable information. The reliability and accuracy lead to an increase in the number and variety of applications for robotic sensors thereby driving the growth of the market. For instance, Cognex Corporation, a provider of machine vision systems and barcode readers, launched the DataMan 270 series, a new line of image-based barcode readers. The readers feature high-resolution cameras, advanced algorithms, and powerful processors, making them suitable for use in a wide range of applications, including logistics, manufacturing, and retail.
Robotic Sensor Market Report Coverage:
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||4.4 USD Billion|
|CAGR (2022-2030)||10.9 %|
|By Product||Force, Proximity, Vision, Ultrasonic, Laser Range Sensors, and Others|
|By Type||Cameras, Lasers, NIR Sorters, Hyperspectral Cameras & Combined Sorters and Others|
|By Robot Type||Industrial, Service, and Collaborative Robot Sensors|
|By End Use||Automotive, Logistics, Manufacturing, Process & Packaging, and Others|
|By Geography||Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia] |
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
|Key Players||TE Connectivity Ltd., Infineon Technologies AG, Omron Corporation, Honeywell International, Inc., ATI Industrial Automation, Inc., FANUC Corporation, Sensata Technologies Holdings PLC, Baumer Holding AG, Tekscan, Inc., FUTEK Advanced Sensor Technology, Inc.|
Robotic sensors are being increasingly used in industries such as manufacturing, healthcare, agriculture, and logistics. The growing demand for automation in the aforementioned industries is driving the growth of the robotic sensor market. For instance, robotic arms are increasingly being used in hospitals to assist surgeons to perform surgery. Furthermore, robotic sensors play an important role in ensuring safety in industrial environments by detecting and avoiding collisions and providing information about the environment which is resulting in the increased demand for robotic sensors.
Robotic sensors are expensive to purchase, especially for small and medium-sized enterprises which is the major restraint for the market growth. Some robotic sensors are not compatible with existing systems, that makes the sensors difficult to integrate into existing processes.. Moreover, few robotic sensors are complex to install and maintain, which results in the increased costs of operation and thereby hampering the demand in the global market.
Advancements in sensor technology such as incorporating the internet of things (IoT) in existing technologies are enabling the development of new and improved robotic sensors. Moreover, such sensors are smaller, more accurate, and energy-efficient thus creating new opportunities for its growth in the global market. Further, the growing demand for smart homes and buildings is creating new opportunities for the market, as sensors are needed to enable the integration of automation and control systems.
Robotic Sensor Market Segmentation:
Based on the product, the market is segmented into force, proximity, vision, ultrasonic, laser range sensors, and others. Force sensors holds the dominant share in the market due to a wide range of applications in construction and manufacturing industry. For instance, force sensors are used to control the movements and actions of industrial robots, allowing the robots to perform tasks such as material handling, assembly, and welding with high accuracy and precision.
Moreover, vision sensors are expected to register the highest CAGR in the forecast period due to application of sensors in automobiles for object detection, tracking, and navigation. Also, vision sensors are used in food & beverage industry to ensure product quality and uniformity within the products.
Furthermore, proximity sensors are used to detect the presence or absence of an object in the vicinity of a robot. Some of the examples of proximity sensors include ultrasonic sensors, infrared sensors, and photoelectric sensors among others.
By Robot Type
Based on the robot type, the market is segmented into industrial, service, and collaborative robot sensors. Industrial robots hold the dominant share in the market due to a wide range of applications in several industries such as automotive, aerospace & defense and semiconductor. The industries require high-precision sensors for performing different tasks including welding, assembly, and material handling among others. For instance, cartesian robots are the most widely used industrial robots typically used for CNC machines or 3D printing. On the other hand, service robots are used in service industries, such as healthcare, hospitality, and retail that require a variety of sensors, including touch sensors, proximity sensors, and optical sensors, for tasks such as navigation, object detection, and human-robot interaction.
Furthermore, collaborative sensors are sensors that are specifically designed for use in collaborative robots. Collaborative robotic sensors play a crucial role in ensuring safe and efficient human-robot interaction as they work alongside humans in a shared workspace. For instance, a popular collaborative robot is amazons warehouse robots that work along with staff in its fulfillment centers.
Based on the end-user, the market is segmented into automotive, logistics, manufacturing, process & packaging, and others. Automotive industry holds the major share in the market due to the application of robotic sensors to perform tasks such as painting, welding, and assembly. Also, the sensors are used in automobiles for navigation, vision control, and vehicle control. For instance, LIDAR (Light Detection and Ranging) sensors are used in autonomous vehicles to create a 3D map of the environment. Further, robotic sensors are also used to enhance the accuracy, efficiency, and safety of material handling and transportation processes. The use of robotic sensors in manufacturing enables the automation of manual and repetitive tasks, reducing the risk of human error and improving the speed and accuracy of production processes.
Additionally, robotic sensors are used in process and packaging for tasks such as picking and placing items into containers, quality control, filling, sealing, and labeling of the product. The growing demand for efficient and cost-effective packaging processes is driving the growth of the robotic sensor market in the packaging industry.
Asia-Pacific is currently the region that accounts for the largest revenue share in the global robotic sensor market. The region is driven by the strong demand for automation technologies in industries such as electronics, consumer goods, and food and beverage. The presence of large number of businesses in countries such as China, Japan, and South Korea has led to a high demand for efficient and cost-effective production processes. Businesses are eager to move towards automation to improve the quality which is driving the growth of the global market in the region.
The growth of the market in North America is driven by the presence of leading technology companies and a strong manufacturing sector. The U.S. is a major contributor to the growth of the regional market in North America.
Robotic Sensor Market Competitive Landscape:
Stakeholders have the opportunity to evaluate parameters such as SWOT analysis, merger acquisitions, and business strategies. Thus, the nature of the global market is primarily competitive or high due to the presence of large numbers of market industry players. Following are the prominent market players that consist of the latest market concentration in market circumstances.
• TE Connectivity Ltd.
• Infineon Technologies AG
• Omron Corporation
• Honeywell International, Inc.
• ATI Industrial Automation, Inc.
• FANUC Corporation
• Sensata Technologies Holdings PLC
• Baumer Holding AG
• Tekscan, Inc.
• FUTEK Advanced Sensor Technology, Inc.
• In 2020, Infineon Technologies AG launched a new series of sensors for collaborative robots which are designed to ensure the safety of human workers working alongside robots.
• In 2021, Keyence Corporation launched a new line of sensors for industrial robots which are designed to provide precise and accurate measurement capabilities for a wide range of industrial applications.