Scope of the Study
Robotic sensors are those type of sensor which is used to mainly estimate the robotís condition as well as the environment. The main function of this sensor provides all actual information about the environment with the purpose of function effectively. It also measures physical quantity such as pressure and speed and it can easily convert into the signal in order to measure electrically. In the last few years, service robot manufactures has significantly increased in North America. For instance, in 2017, according to an article published by World Robotics, more than 242 service robot manufacturers are present in the United States. Hence, rising number of service robot manufactures and increasing usage of the robotic sensor in various application such as manufacturing, logistics, defense, agriculture, among others are expected to be the major driver influencing the market growth of robotic sensors over the forecast period.
The market study is being classified by Type (Force Torque, Vision, Ultrasonic, Acoustical, Tactile and Laser Range), by Application (Manufacturing, Logistics, Defense, Agriculture, Medical, Domestic, Entertainment and Others) and major geographies with country level break-up. According to AMA, the Global Robot Sensor market is expected to see growth rate of 12.3% and may see market size of USD4.6 Billion by 2024.
SICK AG (Germany), Baumer Holding AG (Switzerland), Cognex Corporation (United States), IFM electronic GmBH (Germany), ams AG (Austria), ATI Automation (United States), Rockwell Automation (United States), Velodyne Lidar Inc. (United States) and Baluff AG (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are SensoPart Industriesensorik GmbH (Germany), Infineon Technologies AG (Germany), Schneider Electric (France), Turck GmbH (Austria) and iniLabs Ltd. (Switzerland).
The market appears to be highly fragmented and with the presence of several companies including SICK AG (Germany), Baumer Holding AG (Switzerland), Cognex Corporation (United States), among othersThe Players having a strong hold in the market are Cognex Corporation (United States), Baumer Holding AG (Switzerland), SICK AG (Germany), among others. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Robot Sensor market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Robot Sensor market by Type, Application and Region.
On the basis of geography, the market of Robot Sensor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018.
- Rising Demand for Industry Shift toward Automation 4.0 and Growing Integration of Robotic Arms with Sensors across the World
- Increasing Usage of Industrial Robots in Various Manufacturing Activities Such as Polishing, Machine Tending, among others
- Increasing Usage of the 2D camera, 3D camera, and CMOS in Robot Sensor
- Issue Related to High Initial Investments and the Complexity Associated with Programming of the Robots
- Problem Regarding the Lack of Integration in the Majority of Industrial Robots Which Run on Programmable Software may act Restraint for Market Growth
- The requirement of Analytical Maintenance to Offer Opportunities to Robotic Industrial Sensors in Future
- Growing Demand from the Emerging market such as China, India, Brazil, among others
- Lack of awareness about the capabilities that sensors impart to robots in the emerging economies
- Major Safety concerns associated with the failure of the numerous components of Robot Sensor
In September 2017, the ATI Industrial Automation (United States) Company has launched Axia80 in its force-torque sensor product line at a comparatively low cost. Hence, this would strengthen the companyís product portfolio. and In 2016, the Seiko Epson Corporation Company has launched force sensors valued at more than USD 7,200 which is widely used in the agricultural and manufacturing industries. Hence, it will increase the product portfolio of the company.
Key Target AudienceManufacturers of Robotic sensors, Suppliers of Robotic sensors, Wholesalers, distributors and retailers of Robotic sensors, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
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