North America Robot Sensor Market to surge at 11% CAGR and Hit USD 1.4 billion by 2024
Jan 8, 2019
North America Robot Sensor Market was valued USD 680 million in 2017 and is projected to cross at over 11% CAGR from 2018 to 2024. Increasing adoption of robots across the manufacturing and logistics industry is driving the market growth.
January 8, 2019 /MarketersMedia/ —
North America Robot Sensor Market estimated to cross USD 1.4 Billion by 2024. 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.
Logistics industry is at the forefront of deploying robots for executing tasks such as pick & 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, etc. Increasing deployment of robot systems in these sectors will augment the North America robot sensor market growth.
A Graphical Research study, titled “North America Robot Sensor Market Size by Product, By Robot Type (Industrial, Service, Collaborative), By Application (Manufacturing, Logistics, Defense, Agriculture, Medical, Domestic, Entertainment)”.
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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, etc. In addition, the low cost of these robots is further expected to accelerate penetration in the household sector. As per the International Federation of Robotics, it is estimated that domestic robots will contribute around USD 11 billion by 2020 to the revenue.
Prominent Players in the North America robot sensor market such as ATI Technologies, Rockwell Automation, Honeywell International, Inc., Emerson Electric Company, etc., are initiating expansion activities globally to sustain the competitive edge. In May 2017, Emerson announced its plans for investments in a manufacturing facility, InSinkErator’s in Wisconsin, U.S.
Browse key industry insights from this 2018 report North America Robot Sensor Market in detail along with the table of contents @
https://www.graphicalresearch.com/industry-insights/1130/north-america-robot-sensor-market
Segments We Cover:
North America Robot Sensor Market Statistics, By Product:
o Force Torque
o Vision
o Ultrasonic
o Acoustical
o Tactile
o Laser Range
o Proximity
North America Robot Sensor Market Trends, By Robot Type:
o Industrial
o Service
o Collaborative
Make an inquiry for purchasing this report @ https://www.graphicalresearch.com/request/1130/inquiry-before-buying
North America Robot Sensor Market Growth, By Application:
o Manufacturing
o Logistics
o Defense
o Agriculture
o Medical
o Domestic
o Entertainment
The above information is provided for the following regions and countries:
• U.S.
• Canada
Related Reports:
1. Asia Pacific Robot Sensor Market Size by Product (Force Torque, Vision, Ultrasonic, Acoustical, Tactile, Laser Range, Proximity), By Robot Type (Industrial, Service, Collaborative), By Application (Manufacturing, Logistics, Defense, Agriculture, Medical, Domestic, Entertainment) - Industry Size, Share, Growth Trends & Forecast, 2018 – 2024
2. Europe Robot Sensor Market Size by Product (Force Torque, Vision, Ultrasonic, Acoustical, Tactile, Laser Range, Proximity), By Robot Type (Industrial, Service, Collaborative), By Application (Manufacturing, Logistics, Defense, Agriculture, Medical, Domestic, Entertainment) – Industry Report, Growth Analysis & Forecast, 2018 – 2024
About Graphical Research:
Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.
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Website: https://www.graphicalresearch.com/industry-insights/1130/north-america-robot-sensor-market%20
Source: MarketersMedia
Release ID: 466881
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