Inspection Robots Market to Exceed $4.6 Billion by 2030, Says Meticulous Market Research Pvt. Ltd.
Meticulous Research®, a leading global market research firm, has announced the release of its comprehensive 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 forecasts that the global inspection robots market will grow to $4.6 billion by 2030, with a robust CAGR of 21.6% from 2024 to 2030. The market volume is expected to expand to 203 thousand units by 2030, reflecting a CAGR of 22.7% during the forecast period. This growth is driven by the increasing need to evaluate the structural integrity of aging infrastructure, the rising demand for high-quality products, and escalating labor costs associated with inspection tasks. Additionally, the growing adoption of inspection robots within the insurance industry and by MRO services presents significant growth opportunities. However, challenges such as integrating robots into hazardous environments and high initial and maintenance costs are anticipated to impact market growth.
The global inspection robots market is segmented by type, application, end user, and geography, with a thorough analysis of key players and regional market trends provided in the report.
Key Players
Noteworthy players 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 segmented into stationary and mobile robots. The stationary robots segment is anticipated to dominate the market in 2024, driven by the growing need to comply with stringent quality standards, high efficiency, reduced downtime, enhanced safety, and advanced data analysis capabilities.
By Application: The market is categorized 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 structural flaws, measuring dimensions, and ensuring coating uniformity. The use of smart cameras on robots for visual inspection, along with efforts to minimize human intervention in hazardous environments, drives 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. This 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 projected to hold the largest market share in 2024, attributed to the high demand for quality products, increasing labor costs, stringent manufacturing deadlines, and the growing adoption of automation and advanced technologies.
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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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