Meticulous Research®, a renowned global market research company, has published its latest report titled, ‘Inspection Robots Market by Type (Stationary, Mobile), Application (Visual, Ultrasonic, Photogrammetry, Laser Scanning, Thermal, Quality Inspection), End User (End Use Industry, Inspection Services) and Geography—Global Forecast to 2030.’
The report indicates that the global inspection robots market is expected to reach $4.6 billion by 2030, with a CAGR of 21.6% from 2024 to 2030. The market is projected to achieve a volume of 203 thousand units by 2030, with a CAGR of 22.7% during the forecast period. This growth is driven by factors such as the need for assessing the integrity of aging infrastructure, increasing demand for quality products, and rising labor costs in inspection tasks. Furthermore, the expanded use of inspection robots within the insurance sector and MRO services is anticipated to create substantial growth opportunities. Nonetheless, challenges such as the integration of robots into hazardous environments and high initial and maintenance costs may limit market expansion.
The market is segmented by type, application, end user, and geography, with comprehensive analyses of major competitors and regional trends included in the report.
Key Players
Leading players in the inspection robots market include ABB Ltd (Switzerland), KUKA AG (Germany), Universal Robots A/S (Denmark), FANUC CORPORATION (Japan), DENSO CORPORATION (Japan), Mitsubishi Heavy Industries, Ltd. (Japan), Yaskawa Electric Corporation (Japan), Seiko Epson Corporation (Japan), Waygate Technologies (Germany), Eddyfi Technologies (Canada), ANYbotics AG (Switzerland), Hangzhou Shenhao Technology Co., Ltd. (China), Robotnik Automation S.L. (Spain), PetroBot Technologies Private Limited (India), Systemantics India Pvt. Ltd. (India), SMP Robotics Systems Corp. (U.S.), and Energy Robotics GmbH (Germany).
Market Segmentation
- By Type: The market is segmented into stationary and mobile robots. The stationary robots segment is expected to lead in 2024, owing to factors such as the need for stringent quality standards, high efficiency, reduced downtime, improved safety, and sophisticated data analysis capabilities.
- By Application: The market is categorized into visual inspection, ultrasonic inspection, photogrammetry, laser scanning, thermal inspection, radiography inspection, alternating current field measurement, tangential eddy current array, and other applications. Visual inspection is projected to dominate in 2024 due to its extensive application in identifying fractures, measuring dimensions, and ensuring coating uniformity. The deployment of smart cameras and the reduction of human intervention in hazardous environments drive this segment’s growth.
- By End User: The market is segmented into industry and inspection services. The industry segment is expected to capture the largest share in 2024, driven by the growing demand for visual inspection, high-quality standards, and the adoption of robotic inspection in manufacturing processes. This segment includes automotive, semiconductor electronics, food and beverage, aerospace and defense, machinery metal, pharmaceutical, BFSI, and others.
- By Geography: The market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East Africa. North America is anticipated to hold the largest market share in 2024 due to high demand for quality products, increasing labor costs, tight manufacturing deadlines, and the adoption of advanced technologies and automation.
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Key Questions Answered in the Report:
- Which are the high-growth market segments in type, application, end user, and geography?
- What is the historical market size for inspection robots across the globe?
- What are the market forecasts and estimates for the period 2024–2030?
- What are the major drivers, opportunities, and challenges in the global inspection robots market?
- Who are the major players in the market, and what are their market shares?
- How is the competitive landscape for the global inspection robots market?
- What are the recent developments in the global inspection robots market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global inspection robots market, and how do they compete with other players?
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