North America Robot Sensors Market size to surpass US$1.96 Bn by 2028
The growing demand or autonomous vehicles is likely to fuel robot sensor technology adoption. To simplify factory adoption for upcoming EV models and battery manufacturing, leading automakers have been making strategic investments in sophisticated technologies such as robotics.
According to a recent study from market research firm Graphical Research, the North America robot sensors market size is set to register a significant growth during the forecast timeframe, with large scale product adoption across automotive, healthcare, and agriculture sectors. As per the Association for Advancing Automation, the region observed a 28% growth in robot sales in 2020.
The growing demand or autonomous vehicles is likely to fuel robot sensor technology adoption. To simplify factory adoption for upcoming EV models and battery manufacturing, leading automakers have been making strategic investments in sophisticated technologies such as robotics.
In August 2021, Volkswagen announced significant investments in promoting digital transformation and electric mobility throughout its production sites in the United States and Mexico. By integrating smart robots into its factory processes, the manufacturer aimed for a 30% spike in its production performance for large-scale vehicle and EV assembly across its regional sites by 2025.
Illustrated below are the three factors accelerating the regional robot sensors market forecast over 2022-2028:
Growing adoption of industrial robot sensors
Automotive robots offer numerous benefits to auto manufacturing, including, reduced part-to-part variability, increased productivity in repetitive jobs, and improved part handling. As per the International Federation of Robotics, industrial robotic installations in the region observed over 17% growth in 2021.
They also state that North American automakers and component manufacturers represented nearly 47% of robot orders in the first quarter of 2022. With growing product use across automotive manufacturing applications, North America industrial robot sensor industry share will grow with a CAGR of over 11% through 2028.
Vision robots: a boon for the manufacturing industry
North America vision robot sensors market will generate more than $510 million in sales by 2028, owing to increased demand for vision-guided robots. Smart industry and factory 4.0-oriented companies are increasingly adopting vision robots in their production processes and material handling.
These robots are intended to improve manufacturing efficiencies by utilizing vision sensors that can use the presence of surrounding objects to help them navigate and provide important information. With the aid of machine language and artificial learning skills, vision robots are likely to take on increasingly complex tasks.
Expanding role of robots in healthcare
Recent breakthroughs in robotics have transformed the way physicians offer treatment, while also addressing personnel shortages caused by the COVID-19 pandemic. According to Bureau of Labor Statistics projections, the healthcare industry in the United States has lost about half a million jobs since February 2020.
As an effective solution, robotic devices are increasingly being used as aid to help healthcare workers care for patients. A wheelchair-mounted robotic arm, for example, which is currently being developed by Accenture and Intel, aims to assist patients with spinal injuries in performing daily tasks.
The robots, which are equipped with AI and depth cameras, can monitor a patient's form while they perform prescribed workouts, measuring degrees of motion in various postures and charting development more precisely than the human eye.
Prominent manufacturers in the North America robot sensors market include Fanuc Corporation, Rockwell Automation, Inc., ATI Industrial Automation, Inc., Keyence Corporation, ams AG, Honeywell International Inc., and Cognex Corporation. These companies are employing various strategic initiatives to capture a sizable market share, including R&D investments, and partnerships.
Source:
https://www.graphicalresearch.com/industry-insights/1130/north-america-robot-sensor-market