Meticulous Research®, an acclaimed global market research firm, has released 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.’
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According to the report, the global inspection robots market is projected to reach $4.6 billion by 2030, with a CAGR of 21.6% from 2024 to 2030. The market volume is expected to grow to 203 thousand units by 2030, reflecting a CAGR of 22.7% during this period. Key factors driving this growth include the rising need to assess the structural integrity of aging infrastructure, the increasing demand for high-quality products, and the escalating labor costs associated with inspection activities. Furthermore, the growing use of inspection robots in the insurance industry and by MRO services is expected to offer significant growth opportunities. However, challenges such as the integration complexities in hazardous environments and high initial and maintenance costs may pose barriers to market growth.
The global inspection robots market is segmented by type, application, end user, and geography, with comprehensive analyses of major competitors and regional market trends provided in the report.
Key Players
Leading companies in the global 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 categorized into stationary and mobile robots. The stationary robots segment is anticipated to lead the market in 2024, driven by the increasing need for compliance with stringent quality standards, the high efficiency and reduced downtimes offered by stationary robots, improved safety, and advanced data analysis capabilities.
• By Application: The market is segmented 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 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 on robots for visual inspection, combined with efforts to reduce human intervention in hazardous environments, contributes to this segment's growth.
• By End User: The market is divided into industry and inspection services. The industry segment is expected to hold the largest share in 2024, driven by the rising demand for visual inspection, high-quality standards, and the adoption of robotic inspection in manufacturing. The segment is further categorized into 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 hold the largest market share in 2024, attributed to the high demand for quality products, rising labor costs, strict manufacturing deadlines, and the growing adoption of advanced technologies and automation.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/inspection-robots-market-5513
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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