by In a comprehensive study aimed at unraveling the myriad facets of the global robotic sensors market, experts have scrutinized the markets short-term growth prospects during the specified time frame. The study delves into the factors driving market expansion and highlights key players contributing to its rapid evolution.
Increased Adoption in Transportation and Logistics Accelerates Robotic Sensors Market Growth
The field of robotic sensing, a subset of robotics science, aims to bestow robots with human-like sensory capabilities. Robotic sensing equips robots with the ability to see, touch, hear, and move, utilizing algorithms that rely on environmental feedback. The demand for various robot sensors, including ultrasonic, temperature and humidity sensors, and force sensors, has surged to enhance robot awareness, thus propelling the global robotic sensors market forward. This market encompasses two sensor categories used in industrial robots: internal and external. Internal sensors control the position and velocity of the manipulators joints, while external sensors coordinate the robots operation with other equipment.
Collaborations fostering robot adoption in the transportation and logistics sector have become increasingly evident, spurred by the e-commerce boom. The demand for sophisticated sensors in tandem with evolving robotic technology is driving growth in the robotic sensors market. Notably, XPO Logistics partnered with Balyo in March 2021 to pilot an automated reach truck designed for distribution hubs, with the aim of enhancing customer efficiency and supporting workers in warehouse operations.
Critically Growing Need to Automate Internal Logistics Boosts Robotic Sensors Market
Automation is reshaping every facet of the supply chain, from manufacturing and fulfillment to shipping and logistics. The integration of AI, machine learning, and automation is poised to elevate the state of robotics in logistics and transportation. Furthermore, the advent of 5G, big data, and cloud computing products is making the robotics sector more efficient, customer-centric, and accurate. The urgency to reduce costs, streamline processes, and boost efficiency is driving robotic advancements, especially in warehouse automation. Post-COVID-19, manufacturers, particularly in the automotive and electronics industries, are embracing automation, investing in fleets of Autonomous Mobile Robots (AMRs) for internal logistics automation. This trend is expected to bolster the prospects of the robotic sensors market.
Notably Soaring Adoption Across Manufacturing and Agriculture Underpins Growth of ‘Industrial’ Robotic Sensors Market
The industrial robot sensors segment is projected to be the fastest-growing sector within the robotic sensors market. Developing and economically challenged countries are undergoing a profound shift towards robotics in manufacturing and agriculture. However, the service industry is expected to continue attracting labor, potentially leading to wage stagnation and job growth, even as digital technology threatens to automate repetitive tasks in developing nations.
Rocketing Popularity of Industrial Robots Forms a Strong Robotic Sensors Market in Asia Pacific
The Asia Pacific region is set to experience the highest growth rate in the robotic sensors market, driven by the substantial deployment of industrial robots in countries like South Korea, China, India, Japan, and Taiwan. China, in particular, leads the adoption rate of sensors in robotic applications, thanks to its thriving automotive and semiconductor manufacturing industries. The governments investment in advanced manufacturing, as exemplified by initiatives like Made in China 2025 and The 14th Five-Year Development Plan for the Robotics Industry, is poised to further accelerate market expansion.
Global Robotic Sensors Market: Competitive Landscape
Leading players in the robotic sensors market include Fanuc Corporation, Carlo Gavazzi, Cognex Corporation, Infineon Technologies, ATI Industrial Automation, Inc., Honeywell International, Inc., Keyence Corporation, and SICK AG. Collaboration and strategic acquisitions continue to shape the competitive landscape of this dynamic market.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/robotic-sensors-market
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This press release first seen on Brilad
COMTEX_442320017/2840/2023-10-23T08:21:11
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.