Robot Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

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Robot Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : April, 2020 | Semiconductor & Electronics | PPT format

Report Digest


Robot Sensor Market: Overview

Global robot sensor market is expected to witness a stupendous rise in the market during the forecast period 2018-2028, owing to the prolonged evolving sensor technologies. It has been noticed that with the rapid advancement in the sensor technologies, there has been quantum enhancement in both service robots and industrial robots, thus making them more popular in the industrial sector. For example, FANUC standing robots are assimilated with the help of machine vision sensors and force sensors in order to improve the productivity of robots in manufacturing.

Robot Sensor Market: Trends and Opportunities

Over the years, the manufacturers have wanted ways to tune up their productivity level without compromising the quality or efficiency of the product. This have led to various experiments and innovations. After the advent of robots, manufacturers have be utilizing robots at a stellar rate in their facilities in order to dwindle the operational cost and help their profit margins to grow. Players all around the corner are assimilating the robotic arms with sensors for better production in the facilities is helping the robot sensor market to grow exponentially. Industrial robots are known to perform activities such as spot welding, welding, polishing, materials handling, and machine tending. Industrial robots are finding its application in new way which is pushing the robot sensor market to grow at a stellar rate. The concept of smart factory which has been taken up many factories has further helped the market to rise. Increasing concern regarding the safety of factory workers have triggered the necessities of installing robots in the facilities, which have favored the market growth.

However, it has been noticed that need for a high initial investment is deterring the growth of the market by not giving tickets to small and middle scale factories. Another factor that is anticipated to cause trouble is the lack of skills and complexity linked with the programming robots. Lack of infrastructure in most of the world has condemned the idea of integrating robots in the factories. Lack of knowledge regarding the role the sensor plays in operating them have pulled down the market growth.

Robot Sensor Market: Market Potential

SICK, one of the major player in the market in order to support the concept of smart support factory has inaugurated their new building for manufacturing e-card. The inauguration took place on 4th of May. The company claimed that the new e-card production unit in Reute is likely to exploit various smart services.

Robot Sensor Market: Regional Outlook

On the basis of geography, North America holds the top spot due to rising adoption of robots in various industries. World Robotics 2017 found out that there were near around 242 services robots manufacturers alone in the U.S. The market in the U.S is expected to show a robust CAGR during the forecasts period.  On the other hand, Asia Pacific is expected to become the fastest growing market due to rising demand from developing countries such as China, Japan, and South Korea. Asia Pacific is known to lead the industrial robots market owing to high demand from China and Japan. In order to double up their sales, the manufactures are providing solutions to their customers.

Robot Sensor Market: Competitive Landscape

The global robot sensor market is diverse in nature, for instance numerous semiconductor companies are manufacturing robot sensors. Major companies in the market are IFM electronic GmBH, ATI Auoelodyne, Baluff AG, and SICK AG

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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