According to the research report titled ‘Robot Sensor Market Size By Product (Force / Torque, Vision, Ultrasonic, Tactile, Laser Range, Proximity), By Robot Type (Industrial, Service, Collaborative), By Application (Manufacturing, Logistics, Defense, Agriculture, Medical, Domestic, Entertainment), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 - 2026’, available with MarketStudyReport, global robot sensor market size is projected to increase considerably over 2020-2026.
 

Global robot sensor market growth is primarily driven by booming robotics industry and surging demand for automated machines in the manufacturing sector. Moreover, escalating demand for robot sensors in agriculture, domestic, entertainment, medical, logistics, defense, and other sectors will also help the industry flourish in the upcoming years.
 

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Speaking of the product gamut, tactile sensors segment held 10% of overall industry share in 2019 and is expected to record considerable growth through 2026. This can be attributed to increasing product adoption in industrial robots to assess the external environment and estimate distance with the help of objects. Further, increasing R&D activities aimed at bringing novel items to the public are adding substantial traction to segmental growth.
 

Coming to application scope, medical segment is likely to contribute significantly to global robot sensor market remuneration with a 15% CAGR through 2026. This can be credited to surging use of various automated technologies in surgical procedures.
 

Moreover, the onset of coronavirus pandemic, and subsequent labor shortages caused biopharmaceutical and testing laboratories to adopt automation solutions for increasing safety, consistency, and efficiency, of treatments, resulting in flexible care that can improve patient outcomes. This has further bolstered the application scope of robot sensors in the medical segment.
 

Geographically, Latin America accounted for 3% of the industry share in 2019 and is projected to observe notable growth over 2020-2026, attributable to increasing number of favorable initiatives undertaken by public and private entities in the region.
 

Companies defining the competitive landscape of worldwide robot sensor market are Velodyne Lidar Inc., SICK AG, SensoPart Industriesensorik GmbH, Seiko Epson Corporation, Schneider Electric S.E., Rockwell Automation Inc., Roboception GmbH, Omron Corporation, iniLabs Ltd., Honeywell International Inc., and Datalogic S.p.A among others.