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Robotic Sensors Market to Reach USD 3.44 Billion by 2027; Adoption of Sensor-enabled Collaborative Robots to Aid Growth: Fortune Business Insights™

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Pune, Sept. 29, 2020 (GLOBE NEWSWIRE) — The global robotic sensors market is set to gain traction from the rising adoption of sensor-enabled collaborative robots by the manufacturing companies. They are trying to automate a wide range of operations, such as screw driving, quality inspection, and pick-&-place. This information is given by Fortune Business Insights™ in a new report, titled, “Robotic Sensors Market Size, Share & COVID-19 Impact Analysis, By Type (Light Sensor, Tactile Sensor, Temperature Sensor, Pressure Sensor, Navigation and Positioning Sensors, Proximity Sensor, Others), By End Use Industry (Aerospace and Defense, Automotive, Chemicals, Consumer Electronics, Energy and Utility, Food and Beverages, Healthcare, Logistics and Transportation, Manufacturing, Agriculture, Others) and Regional Forecast, 2020-2027.” The report further states that the market size was USD 1.64 billion in 2019 and is projected to reach USD 3.44 billion by 2027, exhibiting a CAGR of 9.8% during the forecast period.To get to know more about the short-term and long-term impact of COVID-19 on this market,
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COVID-19 to Affect Growth Positively Backed by High Demand from HospitalsThe emergence of the COVID-19 pandemic has surged the demand for collaborative and humanoid robots across the globe, especially from the industrial and healthcare sectors. These robots are proving to be very helpful in hospitals and clinics for providing contact-free services. Hence, several manufacturers are investing hefty amounts of money in research and development activities to introduce novel robotic sensors. We are offering extensive reports to help you better understand the current scenario of the market.This Report Answers the Following Questions:Which segment is expected to dominate the market?How will robotic sensors manufacturers increase their customer base?Will the COVID-19 pandemic affect the market severely in 2020?What are the current innovations and developments in the market?
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Drivers & Restraints-Need for Safe & Smooth Operations in Warehouses to Spur GrowthNowadays, autonomous mobile robots (AMRs) are being increasingly used in multiple warehouses worldwide. They are equipped with innovative software solutions and robotic sensors to better understand the delivery inventory and environment of the warehouses. Some of the most commonly used sensors in these robots are angel sensors, position sensors, and ultrasonic sensors. These robot sensors aid in generating accurate data on navigation direction, 3D orientation, gripper angle, and lift position in order to deliver safe and efficient operations. However, these sensors are not always accurate in capturing data from remote or distant locations. This factor may hinder the robotic sensors market growth in the near future.Segment-Proximity Segment to Grow Rapidly Owing to High Usage in Object DetectionBased on type, the proximity sensor segment generated 23.3% in terms of robotic sensors market share in 2019. This segment is anticipated to earn the largest share throughout the forthcoming years backed by their rising usage in the detection of objects present in the sensors’ field, as well as their cost-effectiveness.
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Regional Analysis-Investments in Consumer Electronic Industry to Favor Growth in Asia Pacific  Geographically, in 2019, Asia Pacific procured USD 726.7 million in terms of revenue. The region is expected to dominate in the coming years stoked by the rising expenditure by India and China on the consumer electronics industry. Europe, on the other hand, is likely to showcase the highest CAGR fueled by the high demand for service and industrial robotics in the region from the security, healthcare, transportation, and manufacturing sectors.Competitive Landscape-Key Players Aim to Gain Competitive Edge through New Product LaunchesThe major players present in the market are conducting in-depth research and development activities to provide customization of their products, as well as to widen their existing product portfolios. Below are two latest industry developments:July 2020: FANUC Corporation introduced its new 3DV/600 Vision Sensor to strengthen and broaden its range of integrated image processing solutions. The new robotic sensor has an extended field of vision.July 2020: Doosan Robotics based in Korea launched six latest products including two types of the H Series and four types of the A Series. Both these ranges of products will help Doosan in gaining a competitive edge in several aspects, such as prices and performance.List Of Key Companies Operating in Robotic Sensors Market Areams AG (Premstätten, Austria)ATI Industrial Automation, Inc. (North Carolina, United States)Balluff GmbH (Germany)Baumer Group (Frauenfeld, Switzerland)CAPTRON Electronic GmbH (New York, United States)Cognex Corporation (Massachusetts, United States)DAIHEN Corporation (Japan)Datalogic S.p.A (Italy)Fanuc Corporation (Yamanashi, Japan)FUTEK Advanced Sensor Technology, Inc. (California, United States)Hans Turck GmbH & Co. KG (Germany)Honeywell International Inc. (North Carolina, United States)ifm electronic GmbH (Essen, Germany)Infineon Technologies AG (Neubiberg, Germany)KEYENCE CORPORATION (Osaka, Japan)Omron Corporation (United States)OnRobot A/S (Odense, Denmark)Roboception GmbH (München, Germany)Rockwell Automation Inc. (Wisconsin, United States)Schneider Electric SA (Rueil-Malmaison, France)Seiko Epson Corporation (Nagano, Japan)Sensata Technologies, Inc. (Massachusetts, United States)SensoPart Industriesensorik GmbH (Gottenheim, Germany)SICK AG (Waldkirch, Germany)TE Connectivity Ltd. (Schaffhausen, Switzerland)Tekscan, Inc. (Boston, United States)Velodyne Lidar Inc. (California, United States)
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Detailed Table of Content:IntroductionDefinition, By SegmentResearch Methodology/ApproachData SourcesExecutive SummaryMarket DynamicsMacro and Micro Economic IndicatorsDrivers, Restraints, Opportunities and TrendsImpact of COVID-19Short-term ImpactLong-term ImpactCompetition LandscapeBusiness Strategies Adopted by Key PlayersConsolidated SWOT Analysis of Key PlayersPorter’s Five Force AnalysisGlobal Robotic Sensors Market Share Analysis and Matrix, 2019Key Market Insights and Analysis, By SegmentsGlobal Robotic Sensors Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2016-2027By Type (Value)Light SensorTactile SensorTemperature SensorPressure SensorNavigation and Positioning SensorsProximity SensorOthers (Image Sensor, Acceleration Sensor, Sound Sensor etc.)By End-use Industry (Value)Aerospace and DefenseAutomotiveChemicalsConsumer ElectronicsEnergy and UtilityFood and BeveragesHealthcareLogistics and TransportationManufacturingAgricultureOthers (Process & Packaging, Media and Entertainment, Maritime etc.)By Region (Value)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued..
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Have a Look at Related Research Insights:Proximity Sensors Market Size, Share and Global Trend By Technology (Capacitive Radiation, Magnetic, Infrared), By Product (Fixed & Variable) Distance, By Industry Vertical (Aerospace & Defence, Automotive, Building Automation and others) and Geography Forecast till 2025Radar Sensor Market Size, Share & Industry Analysis, By Type (Pulse Radar, Continuous-Wave Radar, Radar Altimeter), By Range (Short-range, Medium-Range, and Long-Range), By Application (Advanced driver assistance systems (ADAS), Monitoring and Communication, Security and Surveillance, Traffic Monitoring, Environment, and Weather Monitoring), By Vertical (Automotive, Aerospace and Defence, Healthcare, Maritime), and Regional Forecast, 2019-2026Drone Sensor Market Size, Share & Industry Analysis, By Sensor Type (Inertial Sensor, Image Sensor, Speed and Distance Sensor, Position Sensor), By Platform Type (VTOL, Fixed-Wing, Hybrid), By Application (Navigation, Collision Detection & Avoidance, Data Acquisition), By End-User (Construction, Media & Entertainment, Precision Agriculture ) and Regional Forecast, 2019-2026Bio-Sensors Market Size, Share and Global Trend by Technology (Thermal, Electrochemical, Piezoelectric, Optical), Application (Medical diagnostics, Food toxicity detection, Industrial process control, Environmental analysis, Agricultural testing), and Geography Forecast till 20253D Sensors Market Size, Share and Global Trend by Technology (Ultrasound, Structured Light, Time of Flight, Stereo Vision), Type (Acoustic Sensor, CMOS 3D Image Sensor, Accelerometer Sensor, Image Sensor, Position Sensor), Applications (Consumer Electronics, Surveillance & Security, Entertainment, Automotive, Defense, Industrial Robotics, Healthcare) and Geography Forecast till 2025
About us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.Contact Us:Fortune Business Insights™ Pvt. Ltd.
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