Inspection Robots Market Size, Share & Industry Analysis, By Type (Non-autonomous, Semi-autonomous, Fully autonomous), By Technology (Aerial, Surface, Submersible), By Application (Manufacturing, Oil & Gas, Power, Food & Beverages, Automotive, Construction, Others) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105440 | Status : Ongoing

KEY INDUSTRY INSIGHTS

The rising concerns for inspecting ferromagnetic structures in nuclear and energy applications is a primary factor driving the product demand. The integration of advanced vision sensors provide more comprehensive inspections at critical and high-value infrastructure and avoid putting human beings in precarious situations.

For instance, in November 2020, Aker BP and Cognite completes deployment of quadruped robot dog, a autonomous robotic solution to transform the industry through digitalization, improved efficiency, safety, and sustainability at North Sea offshore. Similarly, in January 2021, PETRONAS, a Malaysia oil & gas platforms partnered with ANYbotics to enable unmanned industrial inspections on its oil & gas platforms. In addition to this, major manufacturers are aiming to bring advanced intuitive technologies embedded in robots mainly cutting-edge AI, edge compute and connectivity technologies to meet the growing customer demand. Also, key suppliers are emphasizing on expanding its product and service portfolios to enhance customer productivity and competitiveness.

For instance, in November 2020, Waygate Technologies (WT) announced its robotic expansion unit to unlock future long term strategies and strengthen its automated data capture capabilities and stay competitive in the global market. However, the coronavirus pandemic has created turmoil all around the world and brought economies to a standstill. The sudden lockdown announced across the nations has led the robotic suppliers to a stagnant position for a short span of time. Nevertheless, Covid19 disruption has further accelerate digitization and usage of automation and robotics to perform a variety of functions on the production line in manufacturing plants.

Key Market Driver -

• Demand from oil & gas and petrochemicals industries is fueling the product demand • Introduction of intelligent and technologically advanced robotics solutions

Key Market Restraint -

• High cost of procurement and installation at initial stage is hindering market growth

Key Players Covered:

Some of the key competitors in the inspection robots market include Aetos, GE, Honeybee Robotics, Universal Robots, Mitsubishi Electric Corporation, Fanuc Corp, Inuktun Services, JH Robotics, Inc., LEO Robotics, Superdroid Robotics, ABB and others.

Regional Analysis

Asia Pacific holds a dominant position in the inspection robots market owing to rising penetration of such robots across various industries mainly automobile, food & beverages, oil & gas and other industries. Also, presence of major countries namely China, Japan, India, South Korea wherein manufacturing industries are integrating automated solutions to increase production and inspection capacity further fueling the product demand. Also, emergence of smart factories and Industry 4.0 are other potential factors likely to grow this market

Following Asia Pacific, North America and Europe are anticipated to grow at a high rate in the coming years owing to presence of major manufacturers operating in this region. Also, rapid technological advancements and massive investments by suppliers in research & development activities is likely to fuel the product penetration in this region. Also, involvement of various regulatory bodies to maintain and inspect product and commodities as per the standard norms is fueling the market growth.

The Middle East and Africa and South America is anticipated to showcase steady growth owing to rising oil & gas, construction, and other major industries. Also, government focus to provide massive funding to shift from manual to automated and smart factories is creating a potential impact on the market growth.

To gain extensive insights into the market, Request for Customization

Segmentation

ATTRIBUTE	DETAILS
By Type	Non-autonomous Semi-autonomous Fully autonomous
By Technology	Aerial Surface Submersible
By Application	Manufacturing Oil & Gas Power Food & Beverages Automotive Construction Others
By Region	North America (U.S., Canada and Mexico) South America (Brazil, Argentina, Colombia and Rest of South America) Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics and Rest of Europe) Middle East & Africa (Turkey, Israel, Saudi Arabia, UAE, Egypt, GCC, North Africa, South Africa and Rest of the Middle East & Africa) Asia Pacific (China, India, Japan, South Korea, ASEAN, Australia, Rest of Asia Pacific)

Key Industry Developments

July, 2020: - ABB uneviled 3D inspection robot cell offering quick and accurate quality checks and reduces expensive rework and scrappage.

February, 2019: - Qualcomm launches a new platform aim to transform robotic industry and help manufacturers to spur the fast development and commercialization of a new generation of useful and intelligent robots in agriculture, consumer, delivery, inspection

REQUEST SAMPLE

SPEAK TO ANALYST

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Machinery & Equipment Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]