Robotic Sensors Market - Forecast(2024 - 2030)

Report Code: ESR 56217 Report Format: PDF + Excel

Robotic Sensor Market Overview

The global Robotic Sensor Market size is forecasted to reach $2.4 Billion by 2026, growing at CAGR 8.8% during the forecast period 2021-2026. The demand for robotic devices increased in recent years across manufacturing units and this is set to be the major driver for the growth of the Robotic Device market during the forecast period 2021-2026. Moreover, the rising demand for robots for a wide range of medical applications such as surgeries, rehabilitation, and others is the other factor that will assist the market growth in future. Furthermore, government’s investments towards developing intelligent robots will accelerate the market growth scope for companies operating in the robotic sensor industry during the forecast period 2021-2026. The rising usage of sensors such as Position sensors, Velocity Sensor,  Temperature Sensors, Force Sensors and Vision Sensors will drive the market growth

Report Coverage

The report based on:Robotic Sensor Market Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Robotic Sensor Market industry outlook.
By Sensor Type: Laser Sensor, Proximity Sensor, Sound Sensor, Temperature Sensor, Force Sensor, Vision Sensor, Others.
By Robot Type: Industrial, Service (Professional, Personal & Domestic)
By End-User Industry: Manufacturing, Military & Defense, Transportation & Logistics, Healthcare, Agriculture, Others.
By Geography: North America (USA, Canada and Mexico); Europe (Germany, U.K., France, Italy, Spain, Netherlands & Rest of Europe); APAC (China, Japan, India, South Korea, Australia & Rest of APAC); South America (Brazil, Argentina & Rest of South America); RoW (Middle East & Africa)

Key Takeaways

  • Manufacturing Industry is analyzed to hold highest share and grow at CAGR of 10.3% during the forecast period 2021-2026, owing to the adoption of robots to automate repeated task.
  • APAC dominated the Robotic Sensor Market in 2020 with a share in excess of 35.6%, owing to growing investments in development of robots.
  • Increasing adoption of robots in medical applications is set to be one of the major factors analyzed to drive the market forward during the forecast period 2021-2026.

Global Robotic Sensor Market Value Share, By Geography, 2020 (%)

 Robotic Sensor Market

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Robotic Sensor Market Segment Analysis- By Robot Type

Based on Robot type segmentation, Service Robot is analyzed to grow with the highest CAGR of around 10.2% in the global Robotic Sensor Market during the forecast period 2021-2026, owing to a rise in adoption to reduce cost in cleaning, delivery and so on. In professional applications, robotics has significant impact in agriculture, surgery, logistics and public relations, thus increasing the demand for robotic sensor. There is an increasing demand of robots to monitor and everyday manage workloads. To meet this growing demand, robotic sensor will play a crucial role in the maintenance and security of robots. Moreover, the Covid19 pandemic accelerates the adoption of Service robots among institutions for disinfecting surface purpose, which further accelerates the market growth scope for robotic sensor manufacturing companies. In May 2020, IPsoft & Global DWS Corporation collaborated to develop disinfecting surface robot to remove harmful bacteria & virus from specific area. Such developments can influence the market growth of Robotic Sensor in the long run.

Robotic Sensor Market Segment Analysis- By End-User Industry

Based on End-User industry segmentation, manufacturing industry is analyzed to hold the highest Robotic Sensor Market share of around 22.9% in the global Robotic Sensor Market in 2020, owing to adoption of automation in manufacturing units. Manufacturing industry has been increasing the use of robots to automate repetitive task for reducing margins of errors, thus enabling the workers to focus on productive works. In Manufacturing Industry, robots can be highly efficient from handling raw material to finished product packing. Owing to benefits such as  operate 24/7 for continuous production, customize to solve complex functions and so on, Robotic devices are being adopted by manufacturing units to deliver work smoothly, thereby increasing the demand of robotic sensors among robotic device manufacturers. In July 2020, FLIR Systems Inc announced the Industry’s first dual sensor module for drone, robotic and imaging original equipment manufacturer i.e. FLIR Hadron. It is designed with features such as light weight, low power and compact to help in reducing developmental cost. Such developments can influence the market growth of Robotic Sensor in the long run.

Robotic Sensor Market Segment Analysis- by Geography

APAC held the highest Robotic Sensor Market share of around 35.6% in the global Robotic Sensor market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026, owing to the rising adoption of industrial robots. According to the IFR World Robotics report 2020, China adoption of industrial robots rose by 21% and shows a new record of 783000 units in 2019. The factors such as increasing automation in manufacturing units and government investment in developing robots have been contributing to the market growth across the APAC region in long run. According to International Federation of Robotics R & D Programs data, Government of China, being the largest investor in robotics research, invested USD 577 million in 2019 for the research & development of intelligent robots. Such investments will boost the robotic sensor companies. Moreover, governments’ initiatives to boost the manufacturing capabilities will create opportunities for the adoption of robots, which will further increase the demand of robotic sensors. For instance, Government of China strategic plan i.e. “Made in China 2025” to implement the latest technology i.e. intelligent robot technology to upgrade manufacturing capabilities of industries. Such initiatives of the governments will influence the market growth of robotic sensor in the long run.

Robotic Sensor Market Drivers

Increasing demand for robots in medical application

Growing demand for robots in medical application is set to be one of the major factors analyzed to drive the market forward during the forecast period 2021-2026, owing to its use in invasive surgeries such as neurologic, orthopedic and laparoscopic procedures. The demand for robotic devices increases for rehabilitation treatment, which further increases the demand for robotic sensors. In rehabilitation treatment, robots play a crucial role by helping patients to recover from strokes, disabilities and so on by improving mobility, strength, coordination, and quality of life. In January 2019, BIONIK Inc, launched InMotion ARM/HAND robotic system to help patients rehabilitate from crucial health conditions such as strokes and mobility impairments due to neurological condition. Additionally, Virtual reality is being integrated with rehabilitation robots to expand the range of therapy exercise, thus accelerating physical treatment effects. Robots are also used for variety of routine works such as sterilizing rooms, delivering medical supplies & equipments, thus increasing the demand for robotic sensors among medical robotic manufacturing companies. Presently, the Covid19 pandemic increases the demand of robots among hospitals to prevent healthcare workers from being infected by remotely testing patients for the virus, thus accelerates the demand for robotic sensors among robotic medical device manufacturing company. In June 2021, Hanson Robotics, a Hong Kong based company, developed Humanoid robot Grace. It is designed to relieve the burden of healthcare workers such as diagnose patient and interact as well as comfort the elderly and isolated Covid19 patients. Such developments can influence the market growth of Robotic Sensor in the long run.

Rising adoption of Robots in Military & Defence Sector

The increasing adoption of Robots in Military & Defence Sector for intelligence, surveillance and reconnaissance purpose is set to be one of the major factors analyzed to drive the Robotic Sensor market forward during the forecast period 2021-2026. Technological advancement in robotics technology has compelled military agencies to deploy advanced robotic soldiers in army. For instance, Government of India planned to invest in military robotics by deploying advanced robotic soldiers in army by 2023. Such investments will accelerate the demand of robotic sensors. In military & defense sector, robots can perform broad range of combat tasks which include rescue task, explosive disarmament, logistics support, lethal combat duties, fire support and so on. Moreover, military robots can be used for attacking enemies’ with greater efficiency. In April 2021, Russian Defense Ministry announced to set up a separate unit of military robots. The special unit will be comprised of 5 Uran-9 tanks, which can be integrated with anti-tank missiles; Ataka guided weapons, 30mm 2A72 automatic cannon and 7.62mm machine gun. The 12 ton Uran-9 Robot tank is designed to support fire, combat, reconnaissance, and counter-terrorism units. Such developments can further accelerate the market growth scope for companies operating in the robotic sensor industry.

Robotic Sensor Market Challenges

High cost of Robots

High cost of Robots acts as a major challenge restraining the market growth of Robotic Sensor. The cost of installing and maintaining robot is quite expensive as it needs to be programmed to do task from time to time. Moreover, robotic device rely on electrical power for controlling robotic sensors and actuators. In case of low power, the robotic sensors cannot function properly is another restraining factor for the growth of the market. Owing to the above mentioned factors, use of robotic sensors will be significantly impacted, thus hampering its market growth.

Robotic Sensor Market Landscape

Partnership, Acquisitions, Collaboration, technology launches and R&D activities are key strategies adopted by players in the Robotic Sensor Market. The Robotic Sensor Market top 10 companies include Keyence Corporation, Rockwell Automation Inc, Honeywell International Inc., ATI Industrial Automation Inc, ifm electronic GmbH, OnRobot A/S, FUTEK Advanced Sensor Technology Inc, OMRON Corporation, FANUC Corporation and Infineon Technologies AG.

Acquisitions/Technology Launches

  • In September 2020, OMRON Corporation announced to start selling the B5L Series embedded 3D TOF Sensor Module. The B5L Series Sensor module is designed with unique optical design technology for accurately and easily detecting the surrounding environment and can be used in autonomous robots.
  • In September 2019, ATI Industrial Automation Inc developed Force/Torque (F/T) Sensing Systems for robotic and automated application. (F/T) sensors provide the highest accuracy and resolution as well as assist robots to capture data accurately. 

Relevant Report Titles

Force Sensors Market – Forecast (2021 - 2026)
Report Code: AIR 0027

Sensors for Drones and Robots Market – Forecast (2021 - 2026)
Report Code: AIR 0340


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1. Robotic Sensor Market - Market Overview
    1.1 Definitions and Scope
2. Robotic Sensor Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by type
    2.3 Key trends segmented by Geography
3. Robotic Sensor Market– Industry Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis
4. Robotic Sensor Market – Startup companies Scenario Premium Premium
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Robotic Sensor Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis – Top 10 companies
6. Robotic Sensor Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Robotic Sensor Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Robotic Sensor Market- By Sensor Type
    8.1 Laser Sensor
    8.2 Proximity Sensor
    8.3 Sound Sensor
    8.4 Force Sensor
    8.5 Temperature Sensor
    8.6 Vision Sensor
    8.7 Others
9. Robotic Sensor Market- By Robot Type
    9.1 Industrial
    9.2 Service
        9.2.1 Professional
        9.2.2 Personal & Domestic
10. Robotic Sensor Market– By End-User Industry
    10.1 Manufacturing
    10.2 Military & Defense
    10.3 Transportation & Logistics
    10.4 Healthcare
    10.5 Agriculture
    10.6 Others
11. Robotic Sensor Market - By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 Germany
        11.2.2 UK
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Netherlands
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 Japan 
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia
        11.3.6 Rest of Asia Pacific
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Rest of South America
    11.5 ROW
        11.5.1 Middle East
        11.5.2 Africa
12. Robotic Sensor Market - Market Entropy
    12.1 New product launches
    12.2 M&A's, collaborations, JVs and partnerships
13. Robotic Sensor Market – Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Top companies
        13.1.2 Market Share by type of Vehicle – Top 10 companies
        13.1.3 Best Practices for companies
14. Robotic Sensor Market – Key Company List by Country Premium Premium
15. Robotic Sensor Market - Company Analysis
    15.1 Keyence Corporation
    15.2 Rockwell Automation Inc
    15.3 Honeywell International Inc.
    15.4 ATI Industrial Automation Inc
    15.5 ifm electronic GmbH
    15.6 OnRobot A/S
    15.7 FUTEK Advanced Sensor Technology Inc
    15.8 OMRON Corporation
    15.9 FANUC Corporation
    15.10Infineon Technologies AG

LIST OF TABLES

1.Global MARKET SEGMENTATION Market 2023-2030 ($M)
1.1 By Type Market 2023-2030 ($M) - Global Industry Research
1.1.1 Force Torque Sensor Market 2023-2030 ($M)
1.1.2 Temperature Sensor Market 2023-2030 ($M)
1.1.3 Pressure Sensor Market 2023-2030 ($M)
1.1.4 Position Sensor Market 2023-2030 ($M)
1.1.5 Proximity Sensor Market 2023-2030 ($M)
1.2 By Industry Market 2023-2030 ($M) - Global Industry Research
1.2.1 Manufacturing Market 2023-2030 ($M)
1.2.2 Automotive Market 2023-2030 ($M)
1.2.3 Process Packaging Market 2023-2030 ($M)
1.2.4 Logistics Market 2023-2030 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
3.Global MARKET SEGMENTATION Market 2023-2030 (Volume/Units)
3.1 By Type Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Force Torque Sensor Market 2023-2030 (Volume/Units)
3.1.2 Temperature Sensor Market 2023-2030 (Volume/Units)
3.1.3 Pressure Sensor Market 2023-2030 (Volume/Units)
3.1.4 Position Sensor Market 2023-2030 (Volume/Units)
3.1.5 Proximity Sensor Market 2023-2030 (Volume/Units)
3.2 By Industry Market 2023-2030 (Volume/Units) - Global Industry Research
3.2.1 Manufacturing Market 2023-2030 (Volume/Units)
3.2.2 Automotive Market 2023-2030 (Volume/Units)
3.2.3 Process Packaging Market 2023-2030 (Volume/Units)
3.2.4 Logistics Market 2023-2030 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2023-2030 (Volume/Units)
5.North America MARKET SEGMENTATION Market 2023-2030 ($M)
5.1 By Type Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Force Torque Sensor Market 2023-2030 ($M)
5.1.2 Temperature Sensor Market 2023-2030 ($M)
5.1.3 Pressure Sensor Market 2023-2030 ($M)
5.1.4 Position Sensor Market 2023-2030 ($M)
5.1.5 Proximity Sensor Market 2023-2030 ($M)
5.2 By Industry Market 2023-2030 ($M) - Regional Industry Research
5.2.1 Manufacturing Market 2023-2030 ($M)
5.2.2 Automotive Market 2023-2030 ($M)
5.2.3 Process Packaging Market 2023-2030 ($M)
5.2.4 Logistics Market 2023-2030 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
7.South America MARKET SEGMENTATION Market 2023-2030 ($M)
7.1 By Type Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Force Torque Sensor Market 2023-2030 ($M)
7.1.2 Temperature Sensor Market 2023-2030 ($M)
7.1.3 Pressure Sensor Market 2023-2030 ($M)
7.1.4 Position Sensor Market 2023-2030 ($M)
7.1.5 Proximity Sensor Market 2023-2030 ($M)
7.2 By Industry Market 2023-2030 ($M) - Regional Industry Research
7.2.1 Manufacturing Market 2023-2030 ($M)
7.2.2 Automotive Market 2023-2030 ($M)
7.2.3 Process Packaging Market 2023-2030 ($M)
7.2.4 Logistics Market 2023-2030 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
9.Europe MARKET SEGMENTATION Market 2023-2030 ($M)
9.1 By Type Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Force Torque Sensor Market 2023-2030 ($M)
9.1.2 Temperature Sensor Market 2023-2030 ($M)
9.1.3 Pressure Sensor Market 2023-2030 ($M)
9.1.4 Position Sensor Market 2023-2030 ($M)
9.1.5 Proximity Sensor Market 2023-2030 ($M)
9.2 By Industry Market 2023-2030 ($M) - Regional Industry Research
9.2.1 Manufacturing Market 2023-2030 ($M)
9.2.2 Automotive Market 2023-2030 ($M)
9.2.3 Process Packaging Market 2023-2030 ($M)
9.2.4 Logistics Market 2023-2030 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
11.APAC MARKET SEGMENTATION Market 2023-2030 ($M)
11.1 By Type Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Force Torque Sensor Market 2023-2030 ($M)
11.1.2 Temperature Sensor Market 2023-2030 ($M)
11.1.3 Pressure Sensor Market 2023-2030 ($M)
11.1.4 Position Sensor Market 2023-2030 ($M)
11.1.5 Proximity Sensor Market 2023-2030 ($M)
11.2 By Industry Market 2023-2030 ($M) - Regional Industry Research
11.2.1 Manufacturing Market 2023-2030 ($M)
11.2.2 Automotive Market 2023-2030 ($M)
11.2.3 Process Packaging Market 2023-2030 ($M)
11.2.4 Logistics Market 2023-2030 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2023-2030 ($M)
13.MENA MARKET SEGMENTATION Market 2023-2030 ($M)
13.1 By Type Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Force Torque Sensor Market 2023-2030 ($M)
13.1.2 Temperature Sensor Market 2023-2030 ($M)
13.1.3 Pressure Sensor Market 2023-2030 ($M)
13.1.4 Position Sensor Market 2023-2030 ($M)
13.1.5 Proximity Sensor Market 2023-2030 ($M)
13.2 By Industry Market 2023-2030 ($M) - Regional Industry Research
13.2.1 Manufacturing Market 2023-2030 ($M)
13.2.2 Automotive Market 2023-2030 ($M)
13.2.3 Process Packaging Market 2023-2030 ($M)
13.2.4 Logistics Market 2023-2030 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2023-2030 ($M)

LIST OF FIGURES

1.US Robotic Sensors Market Revenue, 2023-2030 ($M)
2.Canada Robotic Sensors Market Revenue, 2023-2030 ($M)
3.Mexico Robotic Sensors Market Revenue, 2023-2030 ($M)
4.Brazil Robotic Sensors Market Revenue, 2023-2030 ($M)
5.Argentina Robotic Sensors Market Revenue, 2023-2030 ($M)
6.Peru Robotic Sensors Market Revenue, 2023-2030 ($M)
7.Colombia Robotic Sensors Market Revenue, 2023-2030 ($M)
8.Chile Robotic Sensors Market Revenue, 2023-2030 ($M)
9.Rest of South America Robotic Sensors Market Revenue, 2023-2030 ($M)
10.UK Robotic Sensors Market Revenue, 2023-2030 ($M)
11.Germany Robotic Sensors Market Revenue, 2023-2030 ($M)
12.France Robotic Sensors Market Revenue, 2023-2030 ($M)
13.Italy Robotic Sensors Market Revenue, 2023-2030 ($M)
14.Spain Robotic Sensors Market Revenue, 2023-2030 ($M)
15.Rest of Europe Robotic Sensors Market Revenue, 2023-2030 ($M)
16.China Robotic Sensors Market Revenue, 2023-2030 ($M)
17.India Robotic Sensors Market Revenue, 2023-2030 ($M)
18.Japan Robotic Sensors Market Revenue, 2023-2030 ($M)
19.South Korea Robotic Sensors Market Revenue, 2023-2030 ($M)
20.South Africa Robotic Sensors Market Revenue, 2023-2030 ($M)
21.North America Robotic Sensors By Application
22.South America Robotic Sensors By Application
23.Europe Robotic Sensors By Application
24.APAC Robotic Sensors By Application
25.MENA Robotic Sensors By Application