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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Robotic Sensors Market Analysis
The introduction of 5G and innovations in big data and cloud computing are poised to revolutionise the robotics sector and surge the effectiveness, focus, and precision of robots, driving the robotic sensors market growth.
The rising utilisation of smart sensors that can support robots to navigate complex terrains, efficiently avoid obstacles, recognise different objects, and safely interact with humans is favouring market development.
Innovations to lower costs, optimise operations, and elevate the efficiency of robots are key robotic sensors market trends. Additionally, the flourishing e-commerce sector has aided the necessity for robotic advancements, boosting the requirement for advanced sensors and further stimulating the robotic sensors demand growth.
Robotic Sensors Market Report Snapshots
Robotic Sensors Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.4 billion.
The market is estimated to grow at a CAGR of 10.7% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach nearly USD 5.9 billion by 2032.
The major market drivers include the growing adoption of collaborative robots in manufacturing activities, the use of robots for intelligence, surveillance, and reconnaissance in the military and defence sector, and the increased deployment of autonomous mobile robots in warehouses.
Increasing automation of supply chains, the rising focus to streamline operations and manufacturing by companies to reduce costs, and the growing demand for robots from the automotive and electronics industries are key trends supporting the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on the end use, the market is divided into logistics, manufacturing, process and packaging and others.
The market's key players are Fanuc Corporation, Sensata Technologies Holding PLC, Infineon Technologies AG, Baumer Holding AG, Honeywell International Inc., TE Connectivity Ltd., SICK AG, Omron Corporation, FUTEK Advanced Sensor Technology, Inc., Novanta Inc., and Tekscan, Inc., among others.
Based on the type, the market is divided into vision sensors, position sensors, temperature sensors, proximity sensors, pressure sensors and others.
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