Global Robot Sensor Market Size, Share, Growth Report 2030

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Robot Sensor Market: By Product (Light Sensor, Sound Sensor, Temperature Sensor, Contact Sensor, Navigation Sensor, And Others) By Application (Manufacturing, Healthcare, Agriculture, Entertainment, Residential, And Others): Global Industry Perspective, Comprehensive Analysis And Forecast,

The Robot Sensor Market is driven by the rising demand for robotics in the automotive sector. In 2017, the total robot sales in this sector increased by 22% as compared to 2016. With numerous automotive manufacturers aiming to increase their vehicle manufacturing capacity, the demand for robots is projected to grow over the forecast timeframe. This is evident form the growing number of vehicles manufactured annually. In 2018, the total vehicles manufactured were around 95.6 million units in comparison to 87.5 million units in 2013. This is due to the rising adoption of automation and it is expected that the trend will continue. Thus, the demand for robot sensors market is bound to rise.

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Rising demand in the healthcare sector is driving the market. Robots are manly used in medical transportation, surgical assistance, rehabilitation, and many more. Various organizations that provide robots to this industry are investing heavily in robotics. In 2019, organizations such as Intuitive Surgical Inc. and Corindus Vascular Robotics Inc. invested around USD 2,000 Million and USD 15 Million respectively that are driving the demand for robot sensors. However, high initial investments and maintaining regulatory compliance in the manufacturing of these sensors are anticipated to be major drawbacks for the market development during the forecast timespan. Growing adoption of “Internet of Things” (IoT) is anticipated to open new avenues for the market over the coming years.