Asia Pacific Robot Sensor Market size valued at USD 783.46 million in 2021 and is set to register 12% CAGR between 2022 and 2028.
Rising number of complex manufacturing operations is also a major factor driving the regional market growth. Complex industrial processes involving assemblies through the drag & drop of heavy equipment have led to the increased adoption of these components in industrial robotics, consequently providing a boost the market size.
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The robot sensor market growth in Asia Pacific is further credited to the extensive automation trends prevalent in the region. A major hub for industrial progress, Asia Pacific houses several countries that are adopting automation on a large scale to scale production and reduce downtime. Manufacturing companies are widely implementing automation technologies to simplify operational processes, given that they increase the speed of operations and endorse efficient production practices. Robot sensors are increasingly deployed in this regard to reduce safety concerns regarding the workforce, especially where machines and humans work collaboratively.
Increasing upgradation in technology is a crucial factor driving the Asia Pacific robot sensor market trends. Robots are widely used by companies to perform enhanced operations for delivering better productivity. To that end, manufacturers have been consistently upgrading the robot sensor technology to integrate with innovative machinery for simplifying operations and for increasing profit margins.
The Impact of COVID-19 on APAC robot sensor market outlook
The coronavirus pandemic negatively impacted the production and supply of robot sensors at the beginning of 2020, given the nationwide lockdowns and long-term halts in the manufacturing sector. However, post-pandemic, it was observed the deployment of robots increased substantially, driven by the shortage of skilled labor, persistent social distancing norms, and rising need for automation across most sectors. As the effects of COVID-19 wear off, robots will continue to be deployed on a large scale, in hospitals, airports, pharma assembly lines, and more, paving the way for the industry growth.
Asia Pacific Robot Sensor Market, By Robot Type
The collaborative robots are becoming increasingly popular across the manufacturing spectrum. Collaborative robots enable humans and robots to work together in tandem, in a safe and efficient manner. They are equipped with several sensors and software programs, which help them function quickly.
Collaborative robots are more prominently deployed in workspaces that require monotonous tasks to be performed. They are also trained differently than conventional robots since they are built with the intention to physically interact with human labor in a commonly shared work environment.
Using them in production units has significantly reduced labor intervention and increased productivity, leading to better acceptance of this technology among prominent end-user sectors. As the manufacturing sector reels under the increasing consumer demand worldwide.
Asia Pacific Market, By Product
The laser range product segment revenue in the Asia Pacific robot sensor market will cross USD 180 million by 2028, given that they are highly effective to calculate measurements between objects with great accuracy. The laser range sensor among these, is one of the most popular ones, given that it is the most accurate type of distance measuring sensor.
Laser range robotic sensors are designed to measure speed, acceleration, and distance on certain objects pertaining to the robot. These products send a light pulse into the environment and wait until it is received back to the sensor – the time it takes to return is measured, and then the distance is calculated. The range of these sensors falls between several hundred meters to hundred kilometers.
Asia Pacific Market, By Application
Robots are beginning to witness adoption in most industries; however, they are expected to revolutionize the healthcare field in the years ahead. In recent times, robots have been used to streamline supply and delivery, enable better communication between physicians and patients, handle hospital logistics, and assist with surgeries.
Competitive Industry Landscape
Some of the major companies partaking in Asia Pacific robot sensor market share include Micro Sensor Co., Ltd., ABB Group, Omron, Panasonic, and others. These firms undertake growth strategies such as product development, production unit expansion, and more to expand their foothold in the market. Increasing investments in R&D projects to harness the latest technology trends will help strengthen the regional industry.
Many companies adopt the standard tactic of M&As and new product manufacturing to retain their position in the market. Recently, Rakuten Group Inc., in partnership with Seiyu Co. and Panasonic Holdings Corp., commenced a robot delivery service that covers an 850-meter radius starting from Seiyu’s Tsukuba Takezono outlet. The self-driving wheeled robot, equipped to deliver groceries to approximately 1,000 households in central Tsukuba, uses a sensor and camera to analyze its surroundings and automatically halts when it encounters pedestrians and other objects.