Currently, the integration of industrial automation has shown an increase in the market. The use of industrial robots for complex tasks and processes has obtained a greater demand thanks to the benefits provided such as predictive maintenance, greater precision, minimal energy use and lower labor cost.
This has led to a growing demand for other components that complement the optimization of robotic equipment such as the robot sensor market.
Promoting the robot sensor market has also been produced by proposals from some countries such as ‘Industry 4.0’ in Germany and the ‘Industrial Value Chain Initiative’ in Japan.
Technological advancement is another positive factor that has optimized the use of sensors to improve production efficiency. This increases the adoption of vision and torque sensors in industrial robots, which provides high efficiency in manufacturing tasks as well as in the pick and place process and provides opportunities for market growth.
The current situation of social distancing due to Covid-19 is a driver that has led different factories to incorporate robotic automation to stay active in the market and solve the lack of workers for this same reason.
There are more and more initiatives taken by country administrations with the idea of increasing the adoption of industrial automation and smart factories, which leads to promoting the demand for force / torque sensors that had a market contribution of more than 25 % in 2019 and a growth rate of around 13% is expected until 2026.
It is investing in the development of sensor technology for robots with the idea of opening the doors to other opportunities since more and more industrial robots are applying this advance for the benefit of low cost.
This market also includes collaborative robots, where small and medium companies have increased their demand.
This growth can be attributed to the increasing use of collaborative robots by small and medium-sized companies. The continuous decline in the price of collaborative robots is also one of the main factors prompting small and medium-sized companies to increase their demand to make investments in automation profitable.
In view of the increasing rate of adoption of robotic sensors in small and medium enterprises, collaborative robotic sensors will mainly drive the industry. By 2019, the market share of the collaboration field will be 10% and by 2026, the compound annual growth rate will be 15%.
Thus, in the coming years there would be a constant increase in the market demand of the robot sensor sector, generating greater opportunities for development.