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APAC Robot Sensors Market size to hit $1.9 Bn by 2028
Published Date: 2022-07-18
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APAC Robot Sensors Market size is expected to surpass USD 1.9 billion by 2028, according to a latest forecast report by Graphical Research.
The market growth is owing to rapid advancements in sensor technology. Consistent upgrades and enhancements to sensors in robotics for maximum productivity are becoming critical to industrial automation and digital transformation. Robot sensor technologies in combination with artificial intelligence and more are enabling autonomous technologies to attain higher levels of autonomy.
This development is particularly prevalent in the Asia Pacific region, with countries like Singapore, China, and South Korea emerging as prominent hubs. Manufacturers are also focusing efforts on integrating advanced sensor technologies with their equipment and machinery to decrease operational costs, which could have a positive impact on the market share.
The force torque sensor segment will exceed USD 710 million by 2028, as industrial trends shift from power-limiting systems in robots to more beneficial sensor technologies which provide better accuracy and faster response times. Torque sensors are also useful in terms of employee safety, given their role in ensuring optimum safety and reliability of robotic systems.
Force torque sensors, most commonly used in collaborative robots, are currently utilized across a vast range of applications, including assembly, polishing, robot-assisted surgery, grinding, and quality testing, among others.
The use of industrial robot segment will accelerating rapidly in factories, especially in Asian countries that are early adopters of robotic technologies. Based on estimates from the World Robot Report, Japan, Singapore, and the Republic of Korea have a rate of 390, 605, and 932 installed robots per 10,000 employees respectively.
The growing application scope of industrial robots is also likely to boost demand for sensors in robots, to optimize operations and production. The Asia Pacific robot sensor industry size is thus set to expand favorably, given the extensive use of industrial robots in welding, painting, machine tending, and several other industrial applications.
Browse detailed statistical insights from the report, “Asia Pacific Robot Sensor Market Forecast 2028 By Robot Type (Industrial, Service, Collaborative), By Product (Force Torque, Vision, Ultrasonic, Acoustical, Tactile, Laser Range, Proximity), By Application (Manufacturing, Logistics, Defense, Agriculture, Medical, Domestic, Entertainment), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The manufacturing sector is witnessing commendable demand for sensors in robotics, particularly in automotive manufacturing. Robotic technologies are being used extensively in automotive production lines, owing to precision capabilities in applications such as equipment assembly.
Manufacturing processes in the automotive industry involve many complex operations that can be hazardous to workers. Sensors in robotics reduce safety concerns as well as labor costs. Furthermore, when compared to manual labor, robotics machinery processes operations at a much faster rate, increasing productivity and bolstering the market growth.
The China robot sensor industry will witness 14% CAGR through 2028, as a major innovation hub for the robotics sector, with an aim to achieve breakthroughs in robotic components and broaden the application scope of smart technologies in various industries. Moreover, according to the International Federation of Robots, China’s robot installation density rate rose to 246 units in 2020 from 49 units in 2015.
The APAC market research report from robot sensors includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Billion from 2017 to 2028, for the following segments:
Asia Pacific Market, By Product
- Force/Torque sensors
- Vision sensors
- Ultrasonic sensors
- Tactile sensors
- Laser range sensors
- Proximity sensors
- Other sensors
Asia Pacific Market, By Robot Type
- Industrial robot sensors
- Service robot sensors
- Collaborative robot sensors
Asia Pacific Market, By Application
The above information has been provided for the following countries:
- Asia Pacific
- South Korea