Global Industry Analysts Predicts the World Industrial Robot Sensors Market to Reach $4.8 Billion by 2026

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Edition: 6; Released: January 2022
Executive Pool: 864
Companies: 19 – Players covered include ams AG; ATI Industrial Automation, Inc.; Cognex Corporation; FANUC Corporation; FUTEK Advanced Sensor Technology, Inc.; Hermary Opto Electronics Inc.; Honeywell International, Inc.; iniLabs; MaxBotix Inc.; OMRON Corporation (Industrial Automation); OTC Daihen Inc.; Roboception GmbH; Seiko Epson Corporation; Tekscan, Inc. and Others.
Coverage: All major geography and key segments
Segments: Application (Material Handling, Welding, Assembly Line, Other Applications); Product (Robot Vision Systems, Robot Force/Torque Sensors, Robot Proximity Sensors, Robot Collision Detection Sensors, Robot Safety Sensors)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of the World.

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Global Industrial Robot Sensors Market to Reach $4.8 Billion by 2026

Amid the COVID-19 crisis, the global market for Industrial Robot Sensors estimated at US$3.2 Billionis projected to reach a revised size of US$4.8 Billion By 2026, growing at a CAGR of 6.6% over the analysis period. Robot Vision Systems, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$3.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Robot Force/Torque Sensors segment is readjusted to a revised 5.9% CAGR for the next 7-year period.

The US Market is Estimated at $1 Billion in 2021, While China is Forecast to Reach $836.9 Million by 2026

The Industrial Robot Sensors market in the US is estimated at US$1 Billion in the year 2021. Chinathe world`s second largest economy, is forecast to reach a projected market size of US$836.9 Million by the year 2026 trailing a CAGR of 6.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.3% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.3% CAGR.

Robot Proximity Sensors Segment to Reach US$416.5 Million by the year 2026

In the global Robot Proximity Sensors segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$243 Million will reach a projected size of US$349.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
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