Authored By: Sarah
11 Jul 2024

 Inspection Robots Market Size to grow by USD 5700.4 million between 2024-2028

According to a research report “ Inspection Robots Market” by Type (ROVs, Autonomous robots) End-user (Oil and gas, Petrochemicals, Food and beverages, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 5700.4 million, at a CAGR of almost 19.86% during the forecast period. In the business realm, the global inspection robots market experiences significant expansion due to robots' advantages as efficient inspection tools. These semi-autonomous or autonomous robots surpass manual inspections in terms of quality assurance and control for scanning applications. By integrating robotic inspections, companies can mitigate the decreasing concentration levels of quality inspection workers, thereby enhancing product quality through reduced defects and errors.

Browse market data tables, figures, and in-depth TOC on “Inspection Robots Market” by Type (ROVs, Autonomous robots) End-user (Oil and gas, Petrochemicals, Food and beverages, Others) Geography (Europe, North America, APAC, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Type, the ROVs segment is projected to dominate the market size in 2024

The integration of mobile automation and autonomous inspection technologies in the oil and gas sector has significantly enhanced the monitoring of critical refinery systems and components. This enhancement has resulted in increased production efficiency and decreased machinery downtime, thereby contributing to the expansion of the global Inspection Robots Market in this industry. The burgeoning demand for natural gas, with APAC being the primary consumer, is fueling the growth of the oil and gas industry, consequently boosting the adoption of robotic inspection solutions.

By End-user, Oil and gas  segment is expected to hold the largest market size for the year 2024

The Inspection Robots Market, specifically the ROV segment, experiences significant growth due to the adoption of mobile underwater inspection robots. These robots, controlled via a central unit, offer flexibility and enhanced performance through diverse designs. Their low power consumption and user-friendly operation further boost revenue generation. Primarily utilized for underwater exploration and inspection services, ROVs are guided by human operators, providing instructional signals.

Europe is forecasted to hold the largest market size by region in 2024

The Inspection Robots Market represents a significant business opportunity, with automation solutions increasingly adopted for non-destructive testing and quality assurance across various industries. These advanced robots enhance efficiency, reduce human error, and ensure consistent inspection results. Key players in this sector continue to innovate, integrating advanced technologies like AI, machine learning, and IoT to optimize operations and deliver value to clients.

The Inspection Robots Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Blue Origin Enterprises LP
  • Cognex Corp.
  • Cross Co.
  • Cyberhawk Innovations
  • Eddyfi Technologies
  • FARO Technologies Inc.
  • Flyability SA
  • GECKO ROBOTICS INC.
  • General Electric Co.
  • Genesis Systems
  • Groupe Gorge SA
  • Invert Robotics Group Ltd.
  • IPG Photonics Corp.
  • JH Robotics Inc
  • Mistras Group Inc.
  • Robotic Automation Systems
  • SuperDroid Robots Inc.
  • TechnipFMC plc
  • Teradyne Inc.
.

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Research Analysis Overview

In the realm of industrial automation, the Inspection Robots market has gained significant traction due to the mandatory need for product quality assurance in various sectors. These robots are designed to operate in harsh environments and remote locations, ensuring the inspection of products in critical scenarios, even in the absence of human workers. Fully autonomous inspection robots from companies like Superdroid Robotics, LEO Robotics, Inuktun Services, Mitsubishi Electric Corporation, Universal Robotics, Honeybee Robotics, ANYbotics, and AI-driven firms such as Cognite, are increasingly being adopted to mitigate issues like leakage, failures, and faults. Human-robot cooperation and the integration of cobots have further enhanced the efficiency and accuracy of product inspection and quality control processes. Innovative technologies like quadruped robot dogs are revolutionizing the inspection industry, offering versatility and adaptability in various applications.

Market Research Overview

The Inspection Robots market encompasses the use of robots in various industries, including pharmaceutical, transport, oil and gas, automotive, aerospace, and manufacturing, for testing and quality control in harsh environments and hard-to-reach areas. Robot types range from mobile service robots to specialized inspection robots, such as those used in underwater components or hazardous sites. These robots may be fully or semi-autonomous, utilizing advanced sensors like infrared imaging, ultrasonic, LIDAR, and vision sensors for anomaly identification, defect detection, and predictive maintenance. Ease of use, safety concerns, and specialized training are crucial factors in the adoption of inspection robots. Skilled technicians are required for robot deployment, integration of cameras and operating software, and ensuring the reliability and inspection efficiency of these systems. The market also faces challenges due to a lack of standardization and the high initial investment costs. However, the benefits of increased accuracy, efficiency, and informed decisions through real-time data collection and visual information outweigh these challenges. Innovations in Artificial Intelligence, Internet of Things, and human-robot cooperation are driving the growth of the inspection robots market, with applications in industries such as construction, energy, and infrastructure. Companies like Invert Robotics, Genesis Systems, Superdroid Robotics, LEO Robotics, Inuktun Services, Universal Robots, Honeybee Robotics, and Cognite are leading the way in this field.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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