BCC Research Finds Sensors for Robotics Market to Grow to $510 Million in 2017

September 18, 2017

Wellesley, Mass., September 20, 2017 –  Sensors for robotics are becoming increasingly important as the application of robotics grows ubiquitous across a wide range of industries including automotive, agriculture, manufacturing, entertainment, logistics, military and healthcare. In a new report published today, Sensors for Robotics: Technologies and Global Markets, BCC Research finds that the global sensors for robotics market will grow to $510 million in 2017.  That figure will continue to grow as consumer markets were cited as the fastest growing industry segment at 12.6% CAGR.  Featuring in-depth segmentation and market forecast details, BCC’s latest research combines two rapidly developing market categories – robotics and sensors – to help organizations gain insight into the latest technology developments and market adoption patterns.

**In a release issued on September 18th at 8:00 a.m. Eastern Time, the headline and first paragraph should have read “BCC Research Finds Sensors for Robotics Market to Grow to $510 Million in 2017” instead of BCC Research Finds Sensors for Robotics Market Exceeds $16 Billion.** 

Quick Links:

According to Michael Sullivan, senior editor, BCC Research, and report author, “Robotics have been a commercial venture dominated by industrial automation in the manufacturing sector. The use of such systems in the government, especially the military, and healthcare are also well developed, but the consumer market is quickly becoming equally important. From drones to telepresence, automated cleaning to toys, there are a wide variety of applications that require low cost sensors.”

Key Research Findings on Sensors for Robotics:

  • BCC Research expects the market to grow to $510 million in 2017 and $840 million in 2022, at a CAGR of 10.5%.
  • Europe will lead that market growth with a 12.6% CAGR.
  • The industry will continue to be dominated by commercial applications at more than 80% share led by industrial applications, followed by healthcare and automotive segments.  However, consumer markets will outpace growth rates in other markets citing a 12.6% CAGR, to attain $20 million by 2022.
  • The total number of robotic appliances is increasing while the cost of sensors is decreasing, creating a robust market for sensors for robotics at a lower revenue per sensor.

In addition, the new report presents an analysis of the competitive dynamics of the sensors for robotics market, including critical success factors such as research and development capability, installed base, branding and ecosystem influence and partnerships. Profiles of the top 30 manufacturers of sensors for robotics are also included.

Readers can use this report to:

  • Understand the key trends driving the growth of sensors for robotics.
  • Get smart, quick on the market opportunity in terms of potential revenue for the relevant technologies by geographic region, technology type, end user segment and application.
  • Determine the most effective research and development, product packaging and marketing and sales strategies.

Company Profiles

Organizations included in this report: ATI, Bosch, Futek, GE, Hitachi, Honeywell, Johnson Controls, Mitsubishi, Rockwell, Siemens and 20 others. 

Journalists who wish to speak with the author of this report should contact press@bccresearch.com.   Qualified members of the press can also request a Media Pass to access the BCC Research library.  To learn more, please contact press@bccresearch.com.  

Sensors for Robotics: Technologies and Global Markets( IAS116A )
Publish Date: Sep 2017    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. For media inquiries, email press@bccresearch.com or visit www.bccresearch.com/media to request access to our library of market research.