the inspection robots market size is expected to reach $13.9 billion by 2030, registering a CAGR of 30.9% from 2021 to 2030.
PORTLAND, UNITED STATES, UNITED STATES, September 11, 2023/EINPresswire.com/ — According to a recent report published by Allied Market Research, titled, “inspection robots market by type, application, end user, and region: global opportunity analysis and industry forecast, 2021–2030,” the inspection robots market size was valued at $940.0 million in 2020, and is expected to reach $13.9 billion by 2030, registering a CAGR of 30.9% from 2021 to 2030. Inspection robots are used to monitor the processes carried out in manufacturing industries such as food quality as well as to detect failure in processes such as leakage in pipes. Inspection robots find application in oil & gas, electronics, food & beverages, and other industries where manufacturing is carried out at a large extent.
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Ability of the inspection robots to reach places that are not visible to human eyes majorly drive the inspection robots market. In addition, use of inspection robots avoid workers to reach out to dangerous places just to inspect the equipment or the manufacturing process. Moreover, data collection and storage by inspection robots is faster and accurate than manual recording. These are the factors that lead to growth of the inspection robots market around the world. However, high cost of installation of robots acts as restraint to the market. In addition, abrupt failure of inspection robots with failure in operating system lead dangerous situations as well to losses in these industries, which propels growth of the market. Furthermore, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, which hinders growth of the market. However, this situation is expected to improve as government has started relaxing norms around the world for resuming business activities.
On the contrary, adoption of Internet of Things (IoT) and Artificial Intelligence (AI) in inspection robots is expected to propel demand for these robots, which is expected to act as a major opportunity for the inspection robots market growth.
The inspection robots market is segmented into type, application, end user, and region. By type, the market is segregated into stationary robotic arm and mobile robots. The testing type covered in the study include automated metrology and non-destructive inspection. On the basis of end user, the market is divided into oil & gas, food & beverages, pharmaceutical, electronics, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
Key Findings Of The Study
By robot type, the mobile robots segment was the highest revenue contributor in 2020.
By testing type, the non-destructive inspection segment was the highest revenue contributor in 2020.
By end-user industry, the oil & gas segment dominated the market in 2020.
By region, North America generated the highest revenue in 2020.
The major players profiled in the Inspection Robots market include Eddyfi Technologies, Gecko Robotics, Inc., Genesis Systems, Honeybee Robotics, Invert Robotics, JH Robotics, Inc., Montrose Technologies Inc., Shenzhen SROD Industrial Group Co., Ltd., Universal Robots and Waygate Technologies. Major companies in the market have adopted product launch, business expansion and partnership as their key developmental strategy to offer better products and services to customers in the inspection robots market.
In industries ranging from manufacturing and oil and gas to infrastructure and agriculture, the need for efficient and accurate inspections is paramount. Enter inspection robots, the cutting-edge technology revolutionizing inspection processes across various sectors. These robotic systems equipped with advanced sensors and imaging capabilities are reshaping the way inspections are conducted, enhancing safety, efficiency, and productivity. In this blog post, we will delve into the inspection robots market, highlighting its significance, key trends, and providing a free PDF sample for readers interested in gaining deeper insights into this transformative industry.
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The Significance of the Inspection Robots Market:
Inspections are crucial for identifying potential issues, ensuring compliance with safety standards, and maintaining operational efficiency. However, traditional inspection methods often involve manual labor, significant time investments, and pose risks to human inspectors in hazardous environments. Inspection robots provide a solution by offering remote and autonomous inspection capabilities, enabling efficient and safe data collection in a wide range of industries.
Key Trends in the Inspection Robots Market:
Advancements in Sensor Technology: Inspection robots are equipped with a wide array of sensors, including cameras, thermal imaging, ultrasonic, and LiDAR, among others. Ongoing advancements in sensor technology allow for more accurate and detailed inspections, enabling detection of even the smallest anomalies and defects.
Remote and Autonomous Operation: Inspection robots offer the advantage of remote and autonomous operation, reducing the need for human presence in hazardous or hard-to-reach areas. With remote control or pre-programmed paths, these robots can navigate complex environments and collect data without jeopardizing human safety.
Integration of Artificial Intelligence and Machine Learning: Artificial intelligence (AI) and machine learning (ML) technologies are being integrated into inspection robots, enhancing their capabilities. These technologies enable the robots to learn from collected data, identify patterns, and make informed decisions, improving the accuracy and efficiency of inspections over time.
Versatility and Adaptability: Inspection robots are designed to handle various inspection tasks across different industries. They can be equipped with interchangeable modules or customized attachments, allowing them to adapt to specific inspection requirements, whether it’s visual inspections, structural assessments, or environmental monitoring.
Data Analytics and Reporting: The wealth of data collected by inspection robots needs to be processed and analyzed effectively. Advanced data analytics and reporting tools help extract valuable insights from inspection data, enabling faster decision-making, predictive maintenance, and improved asset management.
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Conclusion:
The inspection robots market is transforming the way inspections are conducted across a wide range of industries. These robots offer numerous advantages, including enhanced safety, improved efficiency, and greater accuracy in data collection. As the technology continues to evolve and advance, inspection robots are becoming more versatile, intelligent, and adaptable to various inspection tasks and environments. By staying informed about the latest trends and leveraging the capabilities of inspection robots, industries can optimize their inspection processes, minimize downtime, and ensure safer working conditions. The provided free PDF sample serves as a valuable resource for readers interested in gaining deeper insights into the inspection robots market and understanding how this transformative technology is shaping the future of inspections.
David Correa
Allied Analytics LLP
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