Robotic Sensors Market - 47% Of Growth To Originate From APAC | Industrial Robots Segment To Be Significant For Revenue Generation | Technavio

To understand more about Market Dynamics.Download our FREE sample report

TheRobotic Sensors Marketis expected to increase byUSD 801.66 million from 2021 to 2026, and the market's growth momentum will accelerate at aCAGR of 7.96%as per the latest market report by Technavio.47% of the market's growth will originate fromAPACduring 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.

Download a FREE Sample: for more additional information about the key countries in APAC

Revenue Generating Segment Outlook

The robotic sensors market share growth by the industrial robots segment will be significant for revenue generation. 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.

To gain further insights on the market contribution of various segments -Download our FREE sample report

Vendor Insights-

TheRobotic Sensors Marketis fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

Find additional highlights on the vendors and their product offerings.Download a Free Sample Report

Latest Drivers & Trends Driving the Market-

The key factor 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).

The development of next-generation robots is a major trend 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.

Find additional information about various other market Drivers & Trends mentioned in ourFREE sample report.

Didn't Find What You Were Looking For? Customize Report-

Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer USD 1,000 worth of FREE customization at the time of purchase.Speak to our Analyst now!

Related Reports-

Table Of Contents :

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:[email protected]Website:www.technavio.com/

SOURCE Technavio