The "Robotic Sensors Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The robotic sensors market is anticipated to witness a CAGR of approximately 8% over the forecast period of (2021 - 2026).
With the emergence of autonomous robots in the industrial sector, sensor manufacturers got the right spot to augment their product offering in reciprocation with the need for sensing equipment. Currently, most of the industries like industrial manufacturing, automotive, transportation & logistics, defense, and many others have adopted autonomous robotics technology as their main mode of the manufacturing process.
ATI Industrial Automation, Inc.
FUTEK Advanced Sensor Technology, Inc.
Honeywell International Inc.
Infineon Technologies AG
Sensata Technologies, Inc.
TE Connectivity Ltd.
Key Market Trends
Automotive and Semiconductor are Major Share Holders of Sensors in Robotics Industry
In recent years, automotive OEMs have adopted modern robotics technology to reciprocate demand for fast-paced vehicle manufacturing. To lower labor costs and to achieve six sigma tag for the manufacturing process, many automakers have implemented robotic automation on the shop floors of manufacturing facilities across the globe.
Moreover, with growth in demand for precision manufacturing, autonomous robots have been integrated with many sensing equipments to result in error-free process deliveries. With the emerging trend of Nanomaterial manufacturing, autonomous robots are being extensively used for the manufacturing of small and sophisticated parts of consumer electronics goods.
To achieve high accuracy, robotic vendors are integrating motion, force, temperature, pressure and many other types of sensors to augment robotic functions. According to the World Robotics 2018 Industrial Robots report, robotic sales increased to 121,300 units in 2017 for the electrical/electronics industry, which was 32% of the total global robotics supply.
Asia -Pacific to Experience a Healthy Growth Rate
Asia-Pacific is expected to record the highest growth rate over the forecast period, owing to noteworthy implementation of industrial robots in various countries including China, India, Japan, South Korea, and Taiwan. China is dominating the regional adoption rate of sensors for robotic applications, owing to the massive deployment in the country's dominating semiconductor and automotive manufacturing industries.
As these sectors are also developing at a high rate in other economies such as India and Japan, there is vast potential for growth in this regional market. The regional government is also a major factor for the development of the sensors in the robotics market.
According to the International Federation of Robotics (IFR), robot sales in India increased by 30% in 2017 as compared to the previous year of 2016. Additionally, 62% of this annual surge was achieved only through the automotive industry in the country.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Surge in Demand for Industrial Robotics
4.3.2 Increased Adoption of Robots in Logistics and Transportation Application
4.3.3 Technological Advancements in Collaborative Robots (Cobots)
4.4 Market Restraints
4.4.1 Slow Adoption Rate in Underdeveloped Regions
4.5 Industry Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Force Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Force & Torque Sensor
5.1.2 Temperature Sensor
5.1.3 Pressure Sensor
5.1.4 Position Sensor
5.1.5 Proximity Sensor
5.1.6 Other Type of Sensors
5.2 By Industry
5.2.3 Process & Packaging
5.2.5 Other Industries
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ATI Industrial Automation, Inc.
6.1.2 Baumer Group
6.1.3 FANUC Corporation
6.1.4 FUTEK Advanced Sensor Technology, Inc.
6.1.5 Honeywell International Inc.
6.1.6 Infineon Technologies AG
6.1.7 OMRON Corporation
6.1.8 Sensata Technologies, Inc.
6.1.9 TE Connectivity Ltd.
6.1.10 Tekscan, Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/rz8psc
View source version on businesswire.com: https://www.businesswire.com/news/home/20210304005478/en/
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