Industry Background:
Robotic sensors are those type of sensor which is used to mainly estimate the robot’s 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.
According to AMA, the market for Robot Sensor is expected to register a CAGR of 12.3% during the forecast period to 2026. This growth is primarily driven by Rising Demand for Industry Shift toward Automation 4.0 and Growing Integration of Robotic Arms with Sensors across the World and Increasing Usage of Industrial Robots in Various Manufacturing Activities Such as Polishing, Machine Tending, among others.
Globally, a noticeable market trend is evident Increasing Usage of the 2D camera, 3D camera, and CMOS in Robot Sensor. The Robotics & Automation sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as SICK AG (Germany), Baumer Holding AG (Switzerland), Cognex Corporation (United States), IFM electronic GmBH (Germany), ATI Automation (United States), Rockwell Automation (United States), Velodyne Lidar Inc. (United States) and Baluff AG (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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 company’s 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.
Market Drivers
- 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
Market Trend
- Increasing Usage of the 2D camera, 3D camera, and CMOS in Robot Sensor
Restraints
- 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
Opportunities
The requirement of Analytical Maintenance to Offer Opportunities to Robotic Industrial Sensors in Future and Growing Demand from the Emerging market such as China, India, Brazil, among others
Challenges
Lack of awareness about the capabilities that sensors impart to robots in the emerging economies and Major Safety concerns associated with the failure of the numerous components of Robot Sensor
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Robot Sensor Study Sheds Light on
The Robot Sensor Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Robot Sensor industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Robot Sensor industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.