Meticulous Research®, a prominent global market research company, has published a detailed 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 predicts that the global inspection robots market will grow to $4.6 billion by 2030, with a CAGR of 21.6% from 2024 to 2030. The market volume is expected to reach 203 thousand units by 2030, showing a CAGR of 22.7% during this period. This growth is driven by the increasing need for structural assessments of aging infrastructure, the growing demand for high-quality products, and rising labor costs in inspection processes. Additionally, the expanding use of inspection robots in the insurance sector and MRO services is anticipated to create considerable growth opportunities. However, market growth may be constrained by challenges such as integrating robots into hazardous environments and the high costs of initial investment and maintenance.
The report provides a comprehensive analysis of the market, segmented by type, application, end user, and geography, with insights into key players and regional market dynamics.
Key Players
The key 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 projected to lead in 2024, driven by the need to adhere to stringent quality standards, enhanced efficiency, reduced downtime, improved safety, and advanced data analysis.
- By Application: The market is divided 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 expected to capture the largest market share in 2024, due to its broad application in detecting fractures, measuring dimensions, and ensuring coating uniformity. The use of smart cameras and the reduction of human intervention in hazardous environments contribute to the growth of this segment.
- By End User: The market is segmented into industry and inspection services. The industry segment is anticipated to hold the largest share in 2024, driven by the rising demand for visual inspection, high-quality products, and 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 segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is expected to dominate the market in 2024, driven by high demand for quality products, increasing labor costs, strict 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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