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North America robot sensor market forecast to grow at over 11 percent up to 2024

The North America robot sensor market is set to grow from its current market value of more than $680 million to over $1.4 billion by 2024, according to the latest study by Graphical Research.

Increasing penetration of technological innovations and the integration of automation across all industry verticals is contributing significantly to the adoption of robots.

Moreover, rising labor cost is a significant aspect fostering the North America robot sensor market. 

The logistics industry is at the forefront of deploying robots for executing tasks such as pick and drop, packing, and others. This is due to the accuracy, safety, and efficiency that they provide.

The medical industry has been using these systems for minimally-invasive surgeries such as surgical assistance, medical transportation, and so on.

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Increasing deployment of robot systems in these sectors will augment the North America robot sensor market growth.

Increasing demand for vision sensors is another factor boosting market demand of the North America robot sensor market.

These are the integral parts of robotic systems, which are used for the detection and measurement of objects by capturing the image through a camera.

Their applications in manufacturing industries for object detection and the accuracy of parts have propelled the North America robot sensor market.

Additionally, new technological advancements such as 3D imaging in this region are anticipated to drive the North America robot sensor market.

Due to miniaturization, the integration of electronic components has led to the development of more compact sensors which has increased their implementation in quality control applications in industrial and automotive sectors.

Advancements in the technology are accelerating the adoption of domestic robots, which is anticipated to proliferate the North America robot sensor market over the forecast period.

Domestic robots are service robots that are used for household chores, entertainment, and so on. In addition, the low cost of these robots is further expected to accelerate penetration in the household sector.

The International Federation of Robotics estimates that domestic robots will contribute around $11 billion by 2020 to the revenue.

The type of sensors considered include:

  • force torque;
  • vision;
  • ultrasonic;
  • acoustical;
  • tactile;
  • laser range; and
  • proximity.

Graphical Research lists the prominent players in the North America robot sensor market as:

  • ATI Technologies;
  • Rockwell Automation;
  • Honeywell International; and
  • Emerson, among others.
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