Robotic Sensors Global Market Report 2024

The robotic sensors market size has grown rapidly in recent years. It will grow from $2.2 billion in 2023 to $2.5 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The expansion of robotics in manufacturing, the growth of industrial automation, the demand in automotive manufacturing, the rise of collaborative robots (cobots), the increasing requirement for precision and accuracy, and the expanding applications in healthcare can be identified as the factors contributing to the growth in the historic period.

The robotic sensors market size is expected to see rapid growth in the next few years. It will grow to $3.96 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. The growth anticipated in the forecast period is associated with the upsurge in service robotics, the integration of agricultural robotics, the adoption in consumer electronics, the development of AI-powered robots, and a focus on sensor fusion. Noteworthy trends expected in the forecast period encompass advancements in sensor technology, the integration of artificial intelligence (AI), the prevalence of edge computing for sensor data processing, the rise of multi-sensor fusion for comprehensive perception, and the utilization of robotic sensors for environmental monitoring.

The robotic sensors market is anticipated to experience growth, driven by the increasing adoption of robots for automation. Robots, machines designed for specific tasks, utilize sensors, actuators, and control systems. The surge in industrial robot installations worldwide, reaching 517,385 in 2021 with a 31% YoY growth, according to the World Robotics Report, signifies the rising trend. The total operational robots globally reached approximately 3.5 million units, indicating the pivotal role of robotic sensors in automation, enhancing productivity, and mitigating the shortage of skilled labor.

The growth of the robotic sensors market is expected to be driven by the increasing adoption of industrial robots in automotive manufacturing. These robots, employed for tasks such as welding, painting, and assembly, enhance efficiency and precision. The utilization of industrial robots in automotive manufacturing facilitates the incorporation of advanced sensors and vision systems. According to the International Federation of Robotics, Asia emerged as the global leader in the industrial robot market in 2021, with a substantial installation of 380,911 units, reflecting a remarkable 38% increase. The automotive industry, experiencing robust growth at 42%, maintained its position as the second-largest sector in terms of industrial robot installations. Hence, the rising adoption of industrial robots in automotive manufacturing propels the robotic sensors market's growth.

A concentrated effort is underway to bolster their market position through the creation of innovative products. A case in point is Omron Adept Technologies, a US-based provider of intelligent vision-guided robotics systems. In August 2020, they introduced the HD-1500, an Autonomous Mobile Robot (AMR) designed to handle substantial payloads of up to 1500kg. Tailored for material handling applications in industries such as automotive, logistics, and manufacturing, this AMR ensures safe and efficient transportation of heavy loads. Equipped with advanced safety features, including laser technology and 360-degree safety scanning lasers, it excels in simultaneous localization and safety functionality.

The prominent companies in the robotic sensors market are actively engaged in developing innovative products equipped with advanced technologies, such as force and torque sensors. These sensors play a crucial role in robotic technology, enabling robots to perform force-sensitive tasks such as the precise assembly of automobiles, where the accurate sensing of force and torque values is essential. In October 2021, ATI Industrial Automation, a US-based developer of robotic accessories, introduced the ultra-thin Mini43LP Force/Torque Sensor. This sensor, with a body less than 8 mm tall, enhances accuracy and repeatability in tasks such as R&D, assembly, and more, particularly in smaller work envelopes, preserving the robot's lifting power for end-of-arm tools.

In March 2022, Zebra Technologies, a provider of enterprise asset intelligence solutions based in the United States, finalized the acquisition of Matrox Imaging for an undisclosed sum. The acquisition aimed to broaden Zebra's range of enterprise asset intelligence solutions by incorporating Matrox Imaging's technologies in machine vision and video analytics. Matrox Imaging, headquartered in Canada, specializes in imaging software, 3D sensors, and hardware solutions for applications such as machine vision, medical imaging, and video analytics.

Major companies operating in the robotic sensors market report are Panasonic Corporation, Schneider Electric, TE Connectivity Ltd., STMicroelectronics, Infineon Technologies, Renesas Electronics Corporation, KEYENCE CORPORATION, Rockwell Automation, Inc., Omron Corporation, ams AG, IAI Corporation, Sensata Technologies, Vishay Intertechnology, Inc., SICK AG, DAIHEN Corporation, ifm electronic, Cognex Corporation, Melexis, Allegro MicroSystems, LLC, Datalogic S.p.A, Carlo Gavazzi, ATI Industrial Automation Inc., Oriental Motor, Futek Advanced Sensor Technology Inc., Baumer Group, FANUC Corporation, Tekscan, CAPTRON Electronic GmbH, Hans Truck GmbH and Co. KG.

Asia-Pacific was the largest region in the robotic sensors market in 2023. The regions covered in the robotic sensors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the robotic sensors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of robotic sensors include force and torque sensors, temperature sensors, pressure sensors, position sensors, proximity sensors, vision sensors, and others. A force and torque sensor is designed to measure the applied force and torque on an object or surface, finding applications in aerospace, defense, automotive processes and packaging, logistics, manufacturing, and various other industries.

The robotic sensors market research report is one of a series of new reports that provides robotic sensors market statistics, including robotic sensors industry global market size, regional shares, competitors with a robotic sensors market share, detailed robotic sensors market segments, market trends and opportunities, and any further data you may need to thrive in the robotic sensors industry. The robotic sensors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The robotic sensors market consists of sales of various types of sensors such as vision sensors, proximity sensors, actuators, and control systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.