Robot sensor market has a healthy future

18 August 2020

According to a recent study from market research firm Global Market Insights, robotics and automation have emerged over the past few years to become an indispensable part of modern-day manufacturing.

The majority of manufacturers are integrating robotic systems into their production facilities to enhance production capacity, boost profit margins, and cut operational costs. These trends have created a substantial demand for robotic components, including robot sensors like 3D vision, force-torque, and tactile sensors. 

It is estimated that global robot sensor market will be worth more than US$4 billion by 2026. The integration of AI and IoT is expected to expand the application scope of these sensors.

In terms of product, the Robot Sensor Market is divided into force/torque, tactile, ultrasonic, laser range, vision and proximity sensors. The research estimates that the ultrasonic segment may grow at 11% CAGR during the forecast timeframe give to these sensor’s economical cost compared to laser range sensors and its capability to integrate into smart factory robots for sensing and pre-sensing purposes. 

Developments in ultrasonic technology has also enabled several companies to launch new sensors. In 2019, Toposens introduced the 3D ultrasonic sensor, which is applicable in indoor robotic practices such as collision avoidance and object detection. 

Considering the regional outlook, Europe robot sensor market share is poised to witness a CAGR of over 8% through 2026. The regional growth can be largely attributed to growing digitalisation in Germany. 

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