European Robot Sensors Market revenue to reach $1 Bn by 2028

Published Date: 2022-07-18

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European Robot Sensors Market size is estimated to cross USD 1 billion by 2028, according to a latest forecast report by Graphical Research.

The industry growth is attributed to the increasing adoption of industrial robots across the automotive sector. The need for automation in high-precision and low-cost manufacturing has led to a broader penetration of robots in the sector.

The implementation of robotics systems due to their complex task-performing capabilities gives manufacturers a competitive advantage. It can simplify operational processes and increase the production rate. Manufacturers make use of robotic technologies in applications including welding, painting, assembly of parts, machine tending, and component transfer. This is contributing towards the market growth.

Breakthrough in robotics technology has led to advancements in industrial revolution 4.0. The growing concern of employee safety has also prompted manufacturers to incorporate robotic equipment in different sectors. These systems can perform dexterous and complicated tasks, such as placing the parts on the pallets, loading, or unloading of heavy parts, and material handling, which automatically reduces the risks involved in executing them. They are suitable for performing repetitive and monotonous tasks, thereby eliminating the need for labor force and reducing the overall cost.

The Europe robot sensors market from service robot segment will surpass USD 330 million by 2028. These are either semi-autonomous or fully autonomous robots that interact with people in healthcare, hospitality, retail, and warehouse settings.

One of the major reasons behind companies opting for service robots is their ability to improve the business capabilities in various applications. For example, in May 2022, British telecom giant Vodafone announced its partnership with South Korean robotics firm Hyundai Robotics to develop 5G- and 6G-powered service robots.

The proximity sensor segment will capture a large share of the regional industry by 2028. Proximity sensors are a great tool for navigating robots as they prevent the machine from running into their surrounding objects. They are also used to analyze and calculate the distance between a robot and an object.

Recent product launches have helped organizations improve their business efficacy to a great extent. For instance, in February 2021, German company ifm electronic GmbH launched miniature inductive proximity sensors with long range. These sensors have stainless steel bodies, making them resistant to corrosion and ideal for use in food manufacturing plants.

Browse detailed statistical insights from the report, “Europe Robot Sensor Market Forecast 2028 By Application (Manufacturing, Logistics, Defense, Agriculture, Medical, Domestic, Entertainment), By Robot Type (Industrial, Service, Collaborative), By Product (Force Torque, Vision, Ultrasonic, Acoustical, Tactile, Laser Range, Proximity), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1122/europe-robot-sensor-market

The healthcare segment will hold a sizeable share of the Europe robot sensors market by 2028. Healthcare companies are adopting innovative technologies on a large scale to enhance the diagnostic accuracy, which will automatically improve the patient outcome. Robots are becoming quite popular among surgeons as they can work with these systems in a collaborative environment, leading to lesser medical negligence and errors.

Government initiatives have been responsible for the high success rate of these robots within the region’s healthcare users. For example, in January 2021, the European Commission unveiled ‘Robotics4EU’, a program aimed at amplifying the adoption of responsible robotic systems across the European economy. This program will also ensure the implementation of AI-powered robots in the healthcare sector to improve operational efficiencies.

Germany robot sensors market size will record more than 11% CAGR during the forecast period. Germany is considered one of the world leaders in technological innovations and adoption of robotic technologies. According to the International Federation of Robotics, as of 2021, Germany was the most automated country, with nearly 230,000 industrial robots in operation.

The European robot sensors market research report 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:

Europe Market, By Product

  • Force/Torque sensors
  • Vision sensors
  • Ultrasonic sensors
  • Tactile sensors
  • Laser range sensors
  • Proximity sensors
  • Other sensors

Europe Market, By Robot Type

  • Industrial robot sensors
  • Service robot sensors
  • Collaborative robot sensors

Europe Market, By Application

  • Manufacturing
  • Logistics
  • Defense
  • Agriculture
  • Medical
  • Domestic
  • Entertainment
  • Others

The above information has been provided for the following countries:

  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Denmark