[FURL=https://www.industryarc.com/Research/Robotic-Sensors-Market-Research-509455?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Robotic Sensors Market[/FURL] The global Robotic Sensor Market size is forecasted to reach $2.4 Billion by 2026, growing at CAGR 8.8% during the forecast period 2021-2026. The demand for robotic devices increased in recent years across manufacturing units and this is set to be the major driver for the growth of the Robotic Device market during the forecast period 2021-2026. Moreover, the rising demand for robots for a wide range of medical applications such as surgeries, rehabilitation, and others is the other factor that will assist the market growth in future. Furthermore, government’s investments towards developing intelligent robots will accelerate the market growth scope for companies operating in the robotic sensor industry during the forecast period 2021-2026.Key Takeaways
Manufacturing Industry is analyzed to hold highest share and grow at CAGR of 10.3% during the forecast period 2021-2026, owing to the adoption of robots to automate repeated task.
APAC dominated the Robotic Sensor Market in 2020 with a share in excess of 35.6%, owing to growing investments in development of robots.
Increasing adoption of robots in medical applications is set to be one of the major factors analyzed to drive the market forward during the forecast period 2021-2026.
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Robotic Sensor Market Segment Analysis- by Geography
APAC held the highest Robotic Sensor Market share of around 35.6% in the global Robotic Sensor market in 2020 and is further set to grow at a significant rate during the forecast period 2021-2026, owing to the rising adoption of industrial robots. According to the IFR World Robotics report 2020, China adoption of industrial robots rose by 21% and shows a new record of 783000 units in 2019. The factors such as increasing automation in manufacturing units and government investment in developing robots have been contributing to the market growth across the APAC region in long run. According to International Federation of Robotics R & D Programs data, Government of China, being the largest investor in robotics research, invested USD 577 million in 2019 for the research & development of intelligent robots.
Robotic Sensor Market Drivers
Increasing demand for robots in medical application
Rising adoption of Robots in Military & Defence Sector
Robotic Sensor Market Landscape
The Robotic Sensor Market top 10 companies include Keyence Corporation, Rockwell Automation Inc, Honeywell International Inc., ATI Industrial Automation Inc, ifm electronic GmbH, OnRobot A/S, FUTEK Advanced Sensor Technology Inc, OMRON Corporation, FANUC Corporation and Infineon Technologies AG.
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