Global Industrial Robot Sensors Market Driven by the Miniaturization of Sensors: Technavio

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Global Industrial Robot Sensors Market Driven by the Miniaturization of Sensors: Technavio

Saturday, Apr 22, 2017

According to the latest market study released by Technavio, the global industrial robot sensors market is projected to grow to USD 3,864.1 million by 2021, at a CAGR of close to 8% over the forecast period.

This research report titled ‘Global Industrial Robot Sensors Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.

Robot sensors are devices that detect and measure changes in the internal and external environment of a robot. Miniaturization of sensors is expected to be a key trend that will positively impact the growth of the industrial robot market. The growth will be facilitated by the reduced prices of sensors, and in turn robots, due to the miniaturization.

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Based on the product type, the report categorizes the global industrial robot sensors market into the following segments:

•  Robot vision systems
•  Robot force/torque sensors
•  Robot proximity sensors
•  Robot collision detection sensors
•  Robot safety sensors

The top three revenue-generating product segments in the global industrial robot sensors market are discussed below:

Robot vision systems

“The robot vision systems segment of the market occupies a majority 61% of the global market and will continue to grow aggressively over the forecast period. The emergence of industrial robots for assembling and material handling is projected to drive the growth of the market segment,” says Bharath Kanniappan, a lead analyst at Technavio for robotics research.

Advances in 2D, 3D, and LiDAR sensors, which enhances accuracy and quality of images and data, are major propellants of the vision systems segment. The launch of these enhanced vision systems is expected to draw more number of industrial players to adopt these robots to detect and maneuver objects, with minimal human intervention and reprogramming.

Robot force/torque sensors

Technavio analysts forecast the robot force/torque sensors market segment to be worth USD 633.1 million by 2021. The increase in demand for these sensors to enhance industrial applications is expected to drive the growth of the project segment. The integration of haptics technology in this robot is another key factor which has enabled the adoption of force/torque robots for handling delicate objects such as semiconductor wafers. These sensors are also used in welding operations to monitor the contact force between the parts being bonded. As the global industrial robot force/torque sensors market gains traction, six-axis force/torque sensing will propel the market further.

Robot proximity sensors

“Proximity sensors, or part detections sensors are primarily used to detect the proximity between objects without physical contact. Vendors involved in this market are continuously carrying out R&D activities to ensure greater efficiency of all the robotic parts and components,” says Bharath.

The market segment is expected to gain traction with more industries increasingly employing robot proximity sensors to applications such as material handling or in assembly line processes. Vendors are also focusing on introducing robots which can detect colors and surface textures with high accuracy rates.

The top vendors highlighted by Technavio’s research analysts in this report are:

•  ATI Industrial Automation
•  FANUC
•  FUTEK Advanced Sensor Technology
•  Honeywell International

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Source: businesswire.com