Robotic Sensors Market to Reach USD 3.44 Billion by 2027; ABB & Covariant Partner up to Introduce AI-enabled Robotics Solutions

The global robotic sensors market size is projected to reach USD 3.44 billion by 2027. The increasing demand for collaborative and humanoid robots from hospitals owing to the COVID-19 pandemic is anticipated to aid growth. They are helping clinicians and doctors to provide contact-free services. Fortune Business Insights™ published this information in a new study, titled, “Robotic Sensors Market Size, Share & COVID-19 Impact Analysis, By Type (Light Sensor, Tactile Sensor, Temperature Sensor, Pressure Sensor, Navigation and Positioning Sensors, Proximity Sensor, Others), By End Use Industry (Aerospace and Defense, Automotive, Chemicals, Consumer Electronics, Energy and Utility, Food and Beverages, Healthcare, Logistics and Transportation, Manufacturing, Agriculture, Others) and Regional Forecast, 2020-2027.” The study further mentions that the market stood at USD 1.64 billion in 2019. But, it is set to exhibit a CAGR of 9.8% during the forecast period between 2020 to 2027.

OMRON Corporation to Start Selling New HD-1500 Mobile Robots

In July 2020, OMRON Corporation, an electronics company headquartered in Japan is planning to commence the sale of its latest mobile robot name HD-1500. It possesses a payload capacity of up to 1500kg. It is the newest and the strongest addition to the company’s line of mobile robots. The product was launched because of the increasing demand for autonomous material handling. Besides, the outbreak of the COVID-19 pandemic is causing several challenges, such as shortage of workforce and social distancing measures. Hence, industries are urgently requiring robots to help in efficient operations.

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https://www.fortunebusinessinsights.com/robotic-sensors-market-103688

Increasing Investments by Governments in Search & Rescue Robots to Bolster Growth

The governments and defense agencies of various countries are investing huge sums in sea machine robotics and search and rescue robots. Huntington Ingalls Industries, Inc., for instance, invested USD 15 million in July 2020 in an autonomous company named Sea Machines Robotics, Inc. This will help the former in strengthening its footprints in autonomous shipping developments in Europe and Asia Pacific. However, the demand for these sensors may decline owing to their high dependence on electrical resources. In case of low power, they wouldn’t be able to function constantly. This factor is set to hamper the robotic sensors market growth in the near future.

Development of Technologically Advanced Robotic Sensors- Key Strategy of Companies

Numerous renowned companies are extensively investing in developing new robotic sensors equipped with blockchain, internet of things (IoT), and machine learning (ML) technologies. Some of the others are focusing on expanding their existing product offerings to keep up with the latest trends and demand from their customers.

Fortune Business Insights™ presents a list of all the renowned robot sensors manufacturers operating in the market. They are as follows:

• ams AG (Premstätten, Austria)


• ATI Industrial Automation, Inc. (North Carolina, United States)


• Balluff GmbH (Germany)


• Baumer Group (Frauenfeld, Switzerland)


• CAPTRON Electronic GmbH (New York, United States)


• Cognex Corporation (Massachusetts, United States)


• DAIHEN Corporation (Japan)


• Datalogic S.p.A (Italy)


• Fanuc Corporation (Yamanashi, Japan)


• FUTEK Advanced Sensor Technology, Inc. (California, United States)


• Hans Turck GmbH & Co. KG (Germany)


• Honeywell International Inc. (North Carolina, United States)


• ifm electronic GmbH (Essen, Germany)


• Infineon Technologies AG (Neubiberg, Germany)


• KEYENCE CORPORATION (Osaka, Japan)


• Omron Corporation (United States)


• OnRobot A/S (Odense, Denmark)


• Roboception GmbH (München, Germany)


• Rockwell Automation Inc. (Wisconsin, United States)


• Schneider Electric SA (Rueil-Malmaison, France)


• Seiko Epson Corporation (Nagano, Japan)


• Sensata Technologies, Inc. (Massachusetts, United States)


• SensoPart Industriesensorik GmbH (Gottenheim, Germany)


• SICK AG (Waldkirch, Germany)


• TE Connectivity Ltd. (Schaffhausen, Switzerland)


• Tekscan, Inc. (Boston, United States)


• Velodyne Lidar Inc. (California, United States)

A Notable Industry Development-

• February 2020: ABB, a multinational corporation headquartered in Switzerland joined hands with Covariant, an artificial intelligence (AI) startup based in Silicon Valley. This partnership would help them in bringing robotic solutions equipped with the AI technology to market. ABB decided to go ahead with the deal owing to the expansion of the e-commerce sector globally. AI-enables robotics will be capable of helping out in a wide range of applications, namely, mail & parcels sorting, warehousing, and logistics.

Further Report Findings-

• In 2019, the proximity sensor segment based on type, generated 23.3% in terms of robotic sensors market share. This growth is attributable to its cost-effectiveness and ability to detect objects entering its field.


• Asia Pacific earned USD 726.7 million in terms of revenue in 2019 because of the rising usage of advanced technologies in robotics by automotive manufacturers in the region. They are striving to achieve higher efficiency and lower labor costs of the manufacturing processes.


• Europe is expected to generate the highest CAGR in the coming years on account of the rising demand for service and industrial robotics in a wide range of sectors, such as healthcare, manufacturing, security, and transportation.

The global market can be segmented in the following way: