The latest market research study released by HTF MI on Global Sensors for Robotics Market evaluates the risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. Information on market trends and developments, growth factors, technologies, and the shifting investment structure of the Sensors for Robotics Market are provided in the study. Some of the key players profiled in the study are Sick AG (Germany) Baumer Group (India) Cognex Corporation (United States) IFM electronic GmBH (Germany) ams AG (Austria) ATI Industrial Automation (United States) Rockwell Automation, Inc. (United States) Velodyne Lidar (United States) Baluff AG. (China) Bionic Robotics GmbH (Germany).
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What are Sensors for Robotics?
As autonomous robots expanded in the industrial sector, sensor manufacturers found themselves in a fantastic position to expand their product lineup in response to the need for sensing equipment. The bulk of industries, including industrial manufacturing, transportation and logistics, automotive, defense, and many others, utilize autonomous robotics technology as their primary way of production. Due to the growing popularity of collaborative robotics (Cobots), which combine human and robotic labor, sensors are also essential for reducing accidents and improving output. High demand for industrial robotics, increased consumer acceptance of robots in logistics and transportation applications, and technological breakthroughs in collaborative robots (Cobots) are a few of the key factors projected to drive the global robot sensor market. Manufacturing businesses are using collaborative robots with sensors swiftly to automate a range of operations, including pick-and-place and quality inspection, among others. Sensors built into collaborative robots give them the ability to reason independently. The use of these robots in production procedures helps to reduce deadly workplace accidents. Thanks to this, businesses may increase efficiency, productivity, and earnings.
Highlights of the Market:
| Attributes | Details |
| Study Period | 2029 |
| Base Year | 2022 |
| Largest Market | North America |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sick AG (Germany), Baumer Group (India), Cognex Corporation (United States), IFM electronic GmBH (Germany), ams AG (Austria), ATI Industrial Automation (United States), Rockwell Automation (United States), Velodyne Lidar (United States), Baluff AG. (China), Bionic Robotics GmbH (Germany) |
| CAGR | 9.2% |
The Global Sensors for Robotics market is expected to see the growth rate of 9.2% and may see a market size of USD4.81 Billion by 2029. The Market is currently pegged at USD1.98 Billion.
The study covers a detailed analysis segmented by key business segments i.e. by type (Force Torque Vision Ultrasonic Acoustical Tactile Laser Range Proximity) by application (Manufacturing Logistics Defense Agriculture Medical Domestic Entertainment) and major geographies.
Due to new methods used by companies in the market for robotic sensors, it is anticipated that the rivalry will get even more fierce in the upcoming years. Sensors for Robotics research study delivers information on the product/service landscape of top businesses and an in-depth analysis of the competition to assist customers in increasing their revenue shares in the industry. In order to maximize the benefits of development prospects, this Sensors for Robotics market study also offers techniques that competitors can use and indicates crucial areas they should concentrate on.
The report offers several leading players:
- Sick AG (Germany)
- Baumer Group (India)
- Cognex Corporation (United States)
- IFM electronic GmBH (Germany)
- ams AG (Austria)
- ATI Industrial Automation (United States)
- Rockwell Automation (United States)
- Velodyne Lidar (United States)
- Baluff AG. (China)
- Bionic Robotics GmbH (Germany)
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Market Overview:
- To advance autonomous technology on farms, John Deere purchased Bear Flag Robotics on August 5th, 2021.
- The start-up in Silicon Valley, founded in 2017, develops automated driving technology that is compatible with current equipment.
- The deal supports John Deere’s long-term strategy to create smarter equipment equipped with cutting-edge technology to meet the demands of specific clients and hastens the growth of automation and autonomy on farms.
- Robotics sensor markets are extremely competitive, with both big and small firms offering a variety of goods.
- The market is frequently being entered by new companies that introduce fresh, cutting-edge goods, and the sector is continually evolving.
- In the robotics business, there is also a tendency towards the creation of specialized sensors that are tailored to certain applications.
Market Growth Drivers:
- In robotics, sensors are essential because they give the robot knowledge about its surroundings, which helps it decide what to do and how to do it.
- Robotics plays a very important role in sensors because it is entirely dependent on the sensor and the programming.
- The range of soft machine applications is growing astonishingly wide as robot use is increasingly seen as having applications outside of the organized industrial context.
- With the help of sensors, robots can examine their environment and spot changes like boundaries, motion, and other important details.
- Robots use sensors to navigate by locating themselves, mapping their surroundings, and tracking their movements.
- In order to ensure the safety of robots and their environment, sensors are essential.
- By utilizing sensors to perceive and react to touch, voice commands, and other sorts of input, robots may communicate with their environment and with people.
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Restraints:
- The robotic sensor Some factors have an impact on the market for sensor robotics.
- The price of the sensor robot is too high; some sensors, particularly high-end ones, can be extremely pricey, which may restrict their application in many consumer and educational robots.
- The accuracy of the robot has several issues because it depends entirely on the sensors, which occasionally malfunction.
- Environmental conditions like temperature, humidity, and electromagnetic interference can also impair the accuracy of sensors.
- This could lead to inaccurate measurements and unpredictable behavior from a robotic system.
- If regular calibration or repair is required for sensors, the overall cost of the system could rise. In crowded situations, several sensors may interfere with one another and give false readings.
Opportunities:
- Due to developments in technology and a surge in demand, the market for sensor robotics in large enterprises is booming.
- By providing more accurate and reliable information about their environment, improved sensors can improve robot performance and minimize operational costs. creation of novel applications As a result of the creation of new types of sensors and sensor technologies, robots may be used in new environments and applications, such as hazardous or inaccessible areas.
- Improved human-robot collaboration by integrating sensors that can perceive and respond to human input, interaction robots can be made more approachable and user-friendly for a wider spectrum of people.
- Robots may operate autonomously, free from human interference, using sensors for vision and navigation, which also increases their adaptability to changing environments.
- Overall, there are many prospects for innovation, expansion, and improved effectiveness in the field of robotics with the usage of sensors.
- As we can see, there are many prospects for growth in every field due to the current technology trends and advancements.
Key highlights of the Global Sensors for Robotics Market Study:
- CAGR of the market during the forecast period 2022-2029
- In-depth information on growth factors that will accelerate the Sensors for the Robotics market in the next few years.
- Detailed Insights on futuristic trends and changing consumer behavior in Sensors for Robotics
- Forecast of the Global Sensors for Robotics market size and its contribution to the parent market by type, application, and by country.
- A broad view of customer demand in Sensors for Robotics Industry
- Uncover the market’s competitive landscape and in-depth information on various players
- Comprehensive information about factors that will challenge the growth of Sensors for Robotics players
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