Robotic Sensors Market Expected to Reach $4.9 Billion by 2031
“Robotic sensors are used to estimate a robot's environment and condition. Robotic sensors are used in a wide
range of industries including healthcare, defense, aerospace, automotive and infrastructure. Continuous
advancement in the robotic sensor technology has enhanced the functionalities and performance of various
types of robots which in turn is resulted into increase in productivity, reduced human errors, expanded the level
process automation and enhanced the quality of the work.”
According to Vaishnavi Mate,
Semiconductor and Electronics
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KEY FINDINGS OF THE STUDY
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In 2021, the force/torque sensor segment accounted for maximum revenue, and is projected to grow
at a notable CAGR of 10.87% during the forecast period.
The manufacturing segment accounted for around 30% of the robotic sensors market trends in 2021.
Asia-Pacific contributed for the major robotic sensors market share, accounting for more than 40%
share in 2021.
Major key players profiled cover in Report:
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Honeywell International Inc.
Infineon Technologies
FANUC CORPORATION
sensata technologies, inc.
ATI Industrial Automation, Inc.
Tekscan, Inc.
Omron Corporation
Market dynamics
Drivers
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Technological advancements driving demand for more sophisticated robotic sensors.
Growing automation across industries boosting the adoption of robotic sensors.
Increasing focus on safety and efficiency in manufacturing processes propelling the robotic sensors
market.
Restraints
• Limited standardization across industries hampers widespread adoption.
• High initial costs and complex integration pose financial and operational challenges.
• Concerns regarding data security and privacy impede trust and acceptance.
Opportunities
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Increasing demand for automation in industries drives the adoption of robotic sensors.
Advancements in sensor technologies, such as LiDAR and vision sensors, expand opportunities in the
robotic sensors market.
Growing applications in healthcare, agriculture, and consumer electronics contribute to market
expansion.
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Analyst Review:
The robotic sensor market is anticipated to depict prominent growth during the forecast period, owing to
increase in demand for advanced sensor for process automation across various industry verticals. In addition,
surge in need for energy-efficient product is increased the deployment of energy-efficient robots across
industries.
The robotic sensor market exhibits high growth potential in logistics and manufacturing sectors. The current
business scenario has witnessed increase in demand for manufacturing of several components, particularly in
the developing countries, such as China and India, owing to surge in population and rise in demand for sensors.
The CXOs further added that companies in this industry have adopted various innovative techniques and
strategies such as mergers and acquisitions to strengthen their business position in the competitive matrix.
For instance, Novanta officially acquired ATI Industrial Automation in 2021. Novanta is a leader in missioncritical technologies to medical and advanced industrial equipment manufacturers.
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