March 31, 2020
As per the report titled ‘North America Robot Sensor Market Size By Product, Robot Type, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024’, available with Market Study Report LLC, North America robot sensor market is projected to surpass USD 1.4 billion by the year 2024.
Increasing innovations and integration of automation across all industries is supporting the adoption of robots, thereby fueling the demand for robot sensors. Rising labor cost is another major factor contributing towards the market growth. Growing incorporation of robots in the logistics industry for performing pick & drop tasks, coupled with the use of robots in medical sector for surgical assistance and medical transportation are augmenting the growth of robot sensor market in North America.
Based on the product type, visions sensors are is slated to witness an increased demand in the ensuing years as these sensors are an integral part of robotic systems which detect and measure objects by capturing an image through a camera. Application of vision sensors in manufacturing industries for object detection and monitoring the accuracy of production is propelling the product demand. In addition, technological advancements such as 3D imaging and rising trend of miniaturization are enhancing the business landscape.
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Speaking of the application terrain, North America robot sensor market share from domestic robot application is anticipated to see considerable growth during the forecast period, owing to the benefit of reduced human labor. These robots can carry out household tasks and provide entertainment as well. The emergence of low-cost domestic robots will bolster the segment growth in the coming years.
Major players of North America robot senor market are Rockwell Automation, ATI Technologies, Emerson Electric Company, and Honeywell International, Inc.
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