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Robotic Sensors Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Feb 2022
  • Pages: 120
  • SKU: IRTNTR72501
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The robotic sensors market share is expected to increase by USD 801.66 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.96%.

This robotic sensors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers robotic sensors market segmentation by application (industrial robots, service robots, and collaborative robots) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The robotic sensors market report also offers information on several market vendors, including Honeywell International Inc., Balluff GmbH, Baumer Holding AG, Carlo Gavazzi Holding AG, Cognex Corp., DAIHEN Corp., FANUC Corp., ifm electronic GmbH, Infineon Technologies AG, Keyence Corp., Novanta Inc., OMRON Corporation, OnRobot AS, Roboception GmbH, Schneider Electric SE, Seiko Epson Corp., SICK AG, TE Connectivity Ltd., Tekscan Inc., and Velodyne Lidar Inc. among others.

What will the Robotic Sensors Market Size be During the Forecast Period?

Robotic Sensors Market Size

Download the Free Report Sample to Unlock the Robotic Sensors Market Size for the Forecast Period and Other Important Statistics

 

Robotic Sensors Market: Key Drivers, Trends, and Challenges

The emergence of IIoT is notably driving the robotic sensors market growth, although factors such as challenges in delivering high quality at low cost may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the robotic sensors market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Robotic Sensors Market Driver

One of the key factors driving growth in the robotic sensors market is the emergence of IIoT.  The development of IIoT and enhancements in technology have fueled the adoption of robotic sensors in industries. The high demand and use of smart devices, wireless, and cloud technology will influence the future of industrial robots such as cobots in terms of the range of utility and mode of operation. With the rise in competition, vendors are offering attractive options, such as services and control modules, through smart devices and Wi-Fi technology for cobots from remote locations. These devices are flexible and convenient in operations and allow a single human operator to simultaneously guide and control multiple cobots. IIoT assimilates smart machines, warehouses, industrial robots such as cobots, and entire production facilities to achieve corporate goals and key performance indicators (KPIs). Various sensors placed around the factory gather and relay real-time information, thus enabling relevant floor decisions and helping operators. Therefore, the integration of IIoT in a factory transforms it into a connected and synchronized unit. Such factors are expected to drive the market during the forecast period.

Key Robotic Sensors Market Trend

The development of next-generation robots is another factor supporting the robotic sensors market share growth. Robotics technology is divided into four major application areas: manipulation, navigation, cognition, and perception. Many R and D activities in robotics technology have taken place across these applications. Advances in technology such as gripping, mechatronics, drives, and motion controls have increased the development of industrial robots for manipulation applications, including loading, packaging, and material handling. Second-generation robots can detect human presence and machines, owing to improved 3D-vision systems and sensors working in combination with intelligent algorithms. When combined with GPS systems and gyroscopes, this technology enables robots to determine their location, synchronize their movement, and map out their environment. Developments in second-generation robotics will increase their penetration in warehouses for storing and maintaining the products autonomously. Robots are likely to be equipped with cognitive skills during the forecast period. Thus, the demand for such technologically advanced robotic sensors will significantly drive the growth of the market during the forecast period.

Key Robotic Sensors Market Challenge

The challenges in delivering high quality at low cost will be a major challenge for the robotic sensors market during the forecast period. Robotics engineers and system developers are continuously researching adding more products that have enhanced quality in their portfolios. However, a major challenge for industrial robot sensors manufacturers has been the size of the industry, which is not large enough to drive the economies of scale. But, economies of scale are essential to bringing down the costs of developing new sensors. A key factor that drives up the cost of sensors is the need for customization to ensure that it delivers the accuracy and reliability which is expected from a robotic system. The cost of sensors has fallen over the years, especially due to the availability of off-the-shelf varieties of sensors, which are mainly used in industrial automation systems. However, a sensor customized for application-specific robots will be technologically advanced, hence more expensive. Therefore, the vendors face challenges in delivering high-quality products at low cost which restricts the growth of the market during the forecast period.

This robotic sensors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global robotic sensors market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the robotic sensors market during the forecast period.

Who are the Major Robotic Sensors Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Honeywell International Inc.
  • Balluff GmbH
  • Baumer Holding AG
  • Carlo Gavazzi Holding AG
  • Cognex Corp.
  • DAIHEN Corp.
  • FANUC Corp.
  • ifm electronic GmbH
  • Infineon Technologies AG
  • Keyence Corp.
  • Novanta Inc.
  • OMRON Corporation
  • OnRobot AS
  • Roboception GmbH
  • Schneider Electric SE
  • Seiko Epson Corp.
  • SICK AG
  • TE Connectivity Ltd.
  • Tekscan Inc.
  • Velodyne Lidar Inc.

 

This statistical study of the robotic sensors market encompasses successful business strategies deployed by the key vendors. The robotic sensors market is fragmented and the vendors are deploying growth strategies such as spending more on R and D activities to introduce innovative solutions for diversified industries to compete in the market.

Product Insights and News

  • Carlo Gavazzi Holding AG - The company offers joined venutrobotic sensors such as UA18 and UA30 Ultrasonic sensors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The robotic sensors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Robotic Sensors Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the robotic sensors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the electrical components and equipment market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Robotic Sensors Market?

Robotic Sensors Market Market segmentation by region

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47% of the market's growth will originate from APAC during the forecast period. China, South Korea, and Japan are the key markets for robotic sensors in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Favorable government legislation and investments have facilitated the growth of the manufacturing industry in APAC. This will facilitate the robotic sensors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the robotic sensors market in the region witnessed certain challenges due to the outbreak of COVID-19. The COVID-19 pandemic affected the economies of various countries in the region. The pandemic led to supply chain disruptions, which negatively impacted the growth of the industrial and commercial sectors. However, since the second half of 2021, the initiation of COVID-19 vaccination drives led to the lifting of lockdowns in many countries across the region with a gradual decrease in the COVID-19 cases. This has resulted in the resumption of operations in various sectors. 

What are the Revenue-generating Application Segments in the Robotic Sensors Market?

Robotic Sensors Market Segmentation

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The robotic sensors market share growth by the industrial robots segment will be significant during the forecast period. There will be a surge in the demand for industrial robots that are used to automate processes that previously involved the use of manual labor during the forecast period. The global robotic sensors market will be greatly driven by 2D, 3D, and light detection and ranging (LiDAR)-based vision systems and cameras to ensure that robots have a clear vision. The emergence of the Industrial Internet of Things (IIoT) and collaborative robots (cobots) are expected to be the major drivers for the market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the robotic sensors market size and actionable market insights on post COVID-19 impact on each segment.

 

Robotic Sensors Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.96%

Market growth 2022-2026

$ 801.66 million

Market structure

Fragmented

YoY growth (%)

7.41

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 47%

Key consumer countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Honeywell International Inc., Balluff GmbH, Baumer Holding AG, Carlo Gavazzi Holding AG, Cognex Corp., DAIHEN Corp., FANUC Corp., ifm electronic GmbH, Infineon Technologies AG, Keyence Corp., Novanta Inc., OMRON Corporation, OnRobot AS, Roboception GmbH, Schneider Electric SE, Seiko Epson Corp., SICK AG, TE Connectivity Ltd., Tekscan Inc., and Velodyne Lidar Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Robotic Sensors Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive robotic sensors market growth during the next five years
  • Precise estimation of the robotic sensors market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the robotic sensors market industry across APAC, Europe, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of robotic sensors market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Industrial robots - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Industrial robots - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Industrial robots - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Industrial robots - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Industrial robots - Year-over-year growth 2021-2026 (%)
    • 5.4 Service robots - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Service robots - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Service robots - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Service robots - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Service robots - Year-over-year growth 2021-2026 (%)
    • 5.5 Collaborative robots - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Collaborative robots - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Collaborative robots - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Collaborative robots - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Collaborative robots - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 40: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 Japan - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.11 South Korea - Market size and forecast 2021-2026
      • Exhibit 78: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Carlo Gavazzi Holding AG
              • Exhibit 93: Carlo Gavazzi Holding AG - Overview
              • Exhibit 94: Carlo Gavazzi Holding AG - Product / Service
              • Exhibit 95: Carlo Gavazzi Holding AG - Key offerings
            • 10.4 Cognex Corp.
              • Exhibit 96: Cognex Corp. - Overview
              • Exhibit 97: Cognex Corp. - Product / Service
              • Exhibit 98: Cognex Corp. - Key offerings
            • 10.5 FANUC Corp.
              • Exhibit 99: FANUC Corp. - Overview
              • Exhibit 100: FANUC Corp. - Product / Service
              • Exhibit 101: FANUC Corp. - Key offerings
            • 10.6 Honeywell International Inc.
              • Exhibit 102: Honeywell International Inc. - Overview
              • Exhibit 103: Honeywell International Inc. - Business segments
              • Exhibit 104: Honeywell International Inc. - Key news
              • Exhibit 105: Honeywell International Inc. - Key offerings
              • Exhibit 106: Honeywell International Inc. - Segment focus
            • 10.7 Infineon Technologies AG
              • Exhibit 107: Infineon Technologies AG - Overview
              • Exhibit 108: Infineon Technologies AG - Business segments
              • Exhibit 109: Infineon Technologies AG - Key news
              • Exhibit 110: Infineon Technologies AG - Key offerings
              • Exhibit 111: Infineon Technologies AG - Segment focus
            • 10.8 Keyence Corp.
              • Exhibit 112: Keyence Corp. - Overview
              • Exhibit 113: Keyence Corp. - Product / Service
              • Exhibit 114: Keyence Corp. - Key offerings
            • 10.9 Novanta Inc.
              • Exhibit 115: Novanta Inc. - Overview
              • Exhibit 116: Novanta Inc. - Product / Service
              • Exhibit 117: Novanta Inc. - Key news
              • Exhibit 118: Novanta Inc. - Key offerings
            • 10.10 SICK AG
              • Exhibit 119: SICK AG - Overview
              • Exhibit 120: SICK AG - Business segments
              • Exhibit 121: SICK AG - Key offerings
              • Exhibit 122: SICK AG - Segment focus
            • 10.11 TE Connectivity Ltd.
              • Exhibit 123: TE Connectivity Ltd. - Overview
              • Exhibit 124: TE Connectivity Ltd. - Business segments
              • Exhibit 125: TE Connectivity Ltd. - Key offerings
              • Exhibit 126: TE Connectivity Ltd. - Segment focus
            • 10.12 Tekscan Inc.
              • Exhibit 127: Tekscan Inc. - Overview
              • Exhibit 128: Tekscan Inc. - Product / Service
              • Exhibit 129: Tekscan Inc. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 130: Inclusions checklist
                • Exhibit 131: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 132: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 133: Research methodology
                • Exhibit 134: Validation techniques employed for market sizing
                • Exhibit 135: Information sources
              • 11.5 List of abbreviations
                • Exhibit 136: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Robotic Sensors market growth will increase by $801.66 million during 2022-2026.
              The robotic sensors market is expected to grow at a CAGR of 7.96% during 2022-2026.
              Technavio has segmented the robotic sensors market by application (Industrial robots, Service robots, and Collaborative robots) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
              Honeywell International Inc., Balluff GmbH, Baumer Holding AG, Carlo Gavazzi Holding AG, Cognex Corp., DAIHEN Corp., FANUC Corp., ifm electronic GmbH, Infineon Technologies AG, Keyence Corp., Novanta Inc., OMRON Corporation, OnRobot AS, Roboception GmbH, Schneider Electric SE, Seiko Epson Corp., SICK AG, TE Connectivity Ltd., Tekscan Inc., Velodyne Lidar Inc. are a few of the key vendors in the robotic sensors market.
              APAC will register the highest growth rate of 47.32% among the other regions. Therefore, the robotic sensors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Japan
              • South Korea
              • Germany
              The key factors driving the robotic sensors market growth are:
              • Emergence of IIoT
              • Development of next-generation robots
              The robotic sensors market vendors should focus on grabbing business opportunities from the industrial robots segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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