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Market Research Report

Robot Sensor Market Size By Product, By Robot Type, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026

Published by Global Market Insights Inc. Product code 951298
Published Content info 350 Pages
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Robot Sensor Market Size By Product, By Robot Type, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026
Published: July 21, 2020 Content info: 350 Pages
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Title:
Robot Sensor Market Size By Product (Force / Torque, Vision, Ultrasonic, Tactile, Laser Range, Proximity), By Robot Type (Industrial, Service, Collaborative), By Application (Manufacturing, Logistics, Defense, Agriculture, Medical, Domestic, Entertainment), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026.

The global robot sensor market is expected to exhibit appreciable gains through 2026, driven by expanding robotics industry and the rising demand for automated machines in the manufacturing sector. The surging product demand across the medical, entertainment, logistics, domestic, agriculture, defense, and myriad other sectors will also augment robot sensor industry growth.

The global robot sensor market is divided into product, type, application, and regional segments.

With respect to the product spectrum, the market is sub-divided into ultrasonic, proximity, force torque, vision, tactile, and laser sensors. Of these, the tactile sensors are expected to register commendable growth through 2026. As per estimates, tactile sensors accounted for a market share of more than 10% in 2019. Driven by the rising adoption in industrial robots, so as to accurately sense the external environment as well as measure distance with the aid of objects, tactile robot sensor market will gain appreciable returns in the years ahead.

The expansion of this segment can also be credited to the spate of R&D programs being undertaken to bring about innovative products to the mainstream. For instance, robotics researchers at ETH Zurich, apparently have come up with a tactile sensor that will help robots detect fragility, complexity, and slipperiness on object surfaces. This research marks a progress toward what may be known as 'robotic skin'. This tactile sensor developed by researchers has a very simple design that is inexpensive to produce - basically an elastic silicone "skin" alongside colored plastic microbeads in tandem with a regular camera fixed to the underside.

With regards to the type, the market is divided into industrial service, and collaborative robots.

Considering the application spectrum, robot sensor industry is bifurcated into medical, manufacturing, entertainment, logistics, domestic, agriculture, defense, and numerous other sectors. Among these, robot sensor industry is anticipated to gain hefty proceeds from the medical business. The growth can be credited to the rising adoption of varied automated systems in surgical procedures. Estimates claim that robot sensor market size from medical applications is projected to exhibit a CAGR of 15% through 2026.

While the demand for robot sensors in the medical industry mostly focuses on surgical applications, recent research has made it possible for robots to be deployed for non-surgical applications as well. In the light of the ongoing coronavirus pandemic and subsequent labor shortages, biopharmaceutical and testing laboratories are looking forward to leveraging automation so as to enhance safety, consistency, and productivity, leading to better quality, flexible care that can improve patient outcomes.

For instance, Swiss-Swedish multinational company, ABB Robotics, opened a global research hub in Houston, at the Texas Medical Center. The 5,300-sq. ft. facility is inclusive of an automation laboratory as well as robot training facilities, alongside meeting spaces to co-develop solutions with innovation partners. Increasing initiatives such as the aforementioned will further push robot sensor market dynamics from medical domain.

Regionally speaking, robot sensor industry spans the Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa zones. Latin America among these, accounted for a market share of almost 3% in the year 2019. Driven by the growing number of initiatives undertaken by public and private entities, subject to the development of automated systems across the industrial sector, LATAM industry is expected to rake in substantial profits in the years ahead.

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