Robot Sensor Market

Robot Sensor Market – Overview

The global robot sensor market is expected to expand at a healthy rate from 2021 to 2031 (forecast period). With the rise of autonomous robots in the industrial sector, sensor manufacturers found themselves in an ideal position to expand their product range in response to the need for sensing equipment. Most industries, including industrial manufacturing, transportation and logistics, automotive, defense, and many others, use autonomous robotics technology as their primary way of manufacturing. Moreover, sensors play a significant role in reducing accidents and improving the production process due to the present trend of collaborative robots (Cobots), in which humans and machines collaborate.

High demand for industrial robotics, growing acceptance of robots in logistics and transportation applications, and technological breakthroughs in collaborative robots (Cobots) are some of the major factors expected to drive the global robot sensor market.

Robot Sensor Market – Competitive Landscape

Key players operating in the global robot sensor market are FUTEK Advanced Sensor Technology, Inc., ATI Industrial Automation, Inc., OMRON Corporation, Baumer Group, FANUC Corporation, Infineon Technologies AG, TE Connectivity, Honeywell International Inc., Sensata Technologies, Inc., and Tekscan, Inc.

Key market players are increasingly adopting various methods such as collaborations, investments, technical innovations, new product development, acquisitions, and R&D activities to develop and strengthen their market presence.

ForwardX Robotics introduced six new products in its Max line of autonomous mobile robots in January 2021. The new robots are designed for use in manufacturing and warehousing operations to automate the movement of material safely and effectively.

Robot Sensor Market – Trends and Opportunities

Manufacturing firms are rapidly embracing sensor-enabled collaborative robots to automate various activities, such as pick-and-place and quality inspection, among others. Sensors built into collaborative robots allow them the cognitive capacity to make decisions on their own. The use of these robots in manufacturing operations adds to a reduction in workplace incidents and fatalities. This enables businesses to increase efficiency, productivity, and revenue.

Amazon and other e-commerce businesses have already employed robots in their warehouses to aid their employees with various logistical and operating tasks. Collaborative robots can be made more adaptable as robotic technology advances, allowing them to undertake intricate and creative jobs. As a result, the growing interest from numerous sectors in deploying robotic systems for flexible workflow is likely to generate a favorable opportunity for the global robot sensor market.

Moreover, the continual improvements in automation and robotics have influenced military and defense organizations to employ robots in their environments. These robots have built-in sensors that allow them to execute a wider range of military functions. Sensors are being used by military and defense organizations in a variety of security systems, explosive detection systems, crime detection systems, intrusion detection systems, and so on.

Autonomous mobile robots (AMRs) employ robotic sensors and software solutions to navigate the warehouse and distribute inventory. Some of the most widely utilized sensors in warehouse robots are angel sensors, position sensors, and ultrasonic sensors.

The COVID-19 pandemic has hastened robotic advancements. Adoption of modern technology is expanding, notably in medicine and manufacturing, since these industries respond to changing demands and preferences in today's environment. With the rising shift toward automation, robotic sensors are revolutionizing the manufacturing sector. Drones and robots in the military and defense industries use robotic sensors to obtain the precise location, velocity, and attitude data. As industries are compelled to innovate in the post-COVID-19 scenario, the robot sensor market is projected to expand significantly due to rising demand for a wide range of applications.

Robot Sensor Market – Regional Landscape

The Asia Pacific robot sensor market is expected to grow during the forecast period. The rising adoption of automation in the manufacturing and industrial sectors is likely to boost the robot sensor market in Asia Pacific. Companies in a variety of industries are utilizing advanced robotic sensors in developing markets, particularly India, which has a booming manufacturing and industrial sector. These businesses are eager to move toward automation in order to improve quality and, as a result, their capacity to compete in worldwide marketplaces. The rapid expansion of the medical industry in India as a result of medical tourism is expected to stimulate the adoption of innovative medical devices that utilize robotic sensors.

The robot sensor market in Europe is projected to develop due to the high demand for industrial and service robotics in the manufacturing, healthcare, transportation, security, and utility sectors.