Robot Sensor Market Analysis

Robot Sensor Market Analysis

The force/torque sensor segment held 25% of the market share in 2021 and is set to witness 13% growth rate through 2028. The industry growth is credited to the several high-end features offered by force/torque sensors such as high linearity, low hysteresis, excellent temperature compensation, and low-cost operations. These features increase their acceptance across collaborative robots for polishing, deburring, painting, material handling, and pick & place applications. The companies are extensively focusing on innovating technically advanced force/torque robot sensor to obtain competitive benefits in the market.

The industrial segment in the robot sensor market dominated more than 50% of revenue share in 2021 and is slated to attain a CAGR of 15% till 2028. The industry expansion is credited to the growing penetration of industrial robots across production facilities. These industrial robots are highly integrated with robot sensor such as laser range sensors, proximity sensors, and ultrasonic sensors. The integration of these sensors helps to achieve high precision & accuracy and increase productivity across factories. The rising density of industrial robots across developed economies such as South Korea, the U.S., Germany, and Japan will stimulate the industry adoption of robot sensor.
 

The manufacturing segment captured 35% of the market share in 2021 and is poised to expand at more than 12.5% CAGR by 2028. The industry progression is attributed to the increasing penetration of robotics and industrial automation across automotive manufacturing facilities in Europe.
 

Asia Pacific robot sensor market held 30% of revenue share in 2021 and is predicted to register growth of over 13.5% during2022 to 2028. The industry demand is driven by favorable government initiatives supporting the acceptance of smart factories across Asia Pacific economies such as China, Japan, South Korea, and Taiwan.