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Robot Sensor Market size exceeded USD 2 billion in 2021 and is estimated to grow at over 11.5% CAGR from 2022 to 2028. The global industry shipments are projected to reach more than 12 thousand units by 2028.
Rising penetration of service robots across the medical & healthcare sector will propel the market growth. Medical service robots are extensively used for conductive robotic surgeries, continuous patient monitoring, automated drug delivery, sanitation & disinfection applications across healthcare facilities. These robots are heavily integrated with robot sensor such as proximity sensors, ultrasonic sensors, and vision sensors.
The COVID-19 pandemic has severely affected the market expansion in early 2020. In the first half of 2020, various regulatory bodies and government entities imposed a strict lockdown across various regions to reduce the spread of coronavirus. This resulted in supply-chain disruptions and international trade restrictions on raw materials & components required for manufacturing robot sensor.
However, as of 2022, several companies operating in the market have realigned their supply chain networks by collaborating with local suppliers and vendors. The pandemic has boosted the adoption of industrial robotics and automation in the manufacturing & processing industries. This is expected to add new opportunities for robot sensor vendors post-pandemic.
Report Attribute | Details |
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Base Year: | 2021 |
Robot Sensor Market Size in 2021: | 2 Billion USD |
Forecast Period: | 2022 to 2028 |
Forecast Period 2022 to 2028 CAGR: | 11.5% |
2028 Value Projection: | 5 Billion USD |
Historical Data for: | 2017 to 2021 |
No. of Pages: | 520 |
Tables, Charts & Figures: | 589 |
Segments covered: | Product, Robot Type, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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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.
Key players operating in the market include:
These market leaders are focusing on innovating technically advanced products to gain competitive benefits across other industry participants.
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Market, By Product
Market, By Robot Type
Market, By Application
The above information has been provided for the following regions and countries: