Enjoy complimentary customisation on priority with our Enterprise License!
The inspection robots market size is forecast to increase by USD 5.70 billion at a CAGR of 19.86% between 2023 and 2028. The market is experiencing significant growth due to the advantages of robotic inspection over manual inspection, including increased efficiency, improved accuracy, and enhanced safety. A key trend in the market is the shift towards cloud-based solutions for inspection robots, enabling remote inspections and real-time data analysis. The use of inspection robots is also increasing in industries where access to tight spaces, walls, machinery, and vehicles is difficult or dangerous, such as transportation of packaged objects, underwater components, and offshore drilling platforms. Companies like Genesis Systems and Invert Robotics are leading the market with their small, agile robots equipped with infrared imaging and scanning capabilities for inspecting the outer layer and internal components of objects. The use of inspection robots in dangerous sites and heavy machinery reduces the risk to human life and increases productivity. The market is expected to continue growing due to the increasing demand for efficient and cost-effective inspection solutions.
Inspection robots have gained significant traction in various industries due to their ability to enhance efficiency, accuracy, and worker safety. These robots, which include quadruped robot dogs from Anybotics and Cognite, AI-enabled robots from Universal Robots and Mitsubishi Electric Corporation, and offerings from Honeybee Robotics, Inuktun Services, Leo Robotics, and Superdroid Robotics, are increasingly being adopted for quality control and product inspection. Human-robot cooperation is a critical factor driving the market growth. These robots can work alongside human workers, ensuring that complex tasks are completed with precision. In critical scenarios, such as unmanned facilities, remote locations, and harsh environments, inspection robots play a pivotal role in identifying faults, failures, and leakage, and ensuring the quality of products.
Fully autonomous inspection robots are increasingly being used in industries where worker safety is a concern. These robots can navigate through complex environments, inspect hard-to-reach areas, and work in hazardous conditions. The adoption of cobots, which can learn from human interactions, is also on the rise, as they offer a complementary need for industries seeking to improve productivity and maintain high-quality standards. Inspection robots are essential for industries that require regular monitoring of their infrastructure, including transportation and logistics, oil and gas, and manufacturing. These robots offer significant benefits, including increased efficiency, improved accuracy, and enhanced worker safety, making them an indispensable tool for businesses seeking to maintain a competitive edge.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The ROVs segment is estimated to witness significant growth during the forecast period. Inspection robots, specifically Remote Operated Vehicles (ROVs,) are specialized tools utilized in various industries for asset inspection and maintenance assessment. These robots offer significant advantages in terms of infrastructure exploration, particularly in challenging environments such as manufacturing, energy, construction, confined spaces, and hazardous areas. ROVs are equipped with advanced visual information systems that enable real-time data collection and analysis, ensuring safety, consistency, and accuracy in maintenance assessments. These robots are designed with specialized tools to navigate hard-to-reach areas and hazardous environments, reducing the need for human intervention and increasing safety.
Despite the initial investment required for acquiring and training personnel to operate these robots, their long-term benefits in terms of data collection and maintenance assessment outweigh the costs. ROVs are primarily used in underwater environments, where their flexibility and low power requirements make them indispensable for infrastructure inspections. Human operators provide instructional signals to guide and control these robots, ensuring efficient and effective inspections.
Get a glance at the market share of various segments Request Free Sample
The ROVs segment accounted for USD 1.69 billion in 2018 and showed a gradual increase during the forecast period.
Europe is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market share of various regions Request Free Sample
The European market is experiencing significant growth due to the expansion of industries such as petrochemicals, oil and gas, automotive, and aerospace and defense. Major contributors to market revenue in Europe include economies like Germany, the UK, France, Spain, Finland, and Italy, which host industries that heavily utilize inspection robots. The region's advanced infrastructure and stringent regulatory norms and standards have fostered technological innovations and developments, making Europe a hub for inspection robot adoption. Inspection robots are essential tools for assessing assets and infrastructure in various environments, including manufacturing, energy, construction, confined spaces, and hazardous environments. These robots collect visual information in real-time, enabling maintenance assessments, safety inspections, and data collection with minimal human intervention.
The use of inspection robots ensures consistency, safety, and cost-effectiveness, making them an indispensable part of industrial processes. Initial investment in inspection robots can be substantial, but the long-term benefits, including increased efficiency, reduced downtime, and improved safety, make them a worthwhile investment. Training personnel to operate and maintain these robots is also crucial to maximizing their potential. The market in Europe is poised for continued growth as industries increasingly recognize the value of automating inspection processes.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The advantages of robotic inspection over manual inspection is the key driver of the market. The market is experiencing significant growth due to the numerous benefits offered by robotic inspection solutions. These benefits include increased efficiency, accuracy, and worker safety. Cognite's quadruped robot dog and Honeybee Robotics' robotic arms are just a few examples of the advanced inspection robots being used in various industries. Collaborative robots, or cobots, from Universal Robots, Inuktun Services, LEO Robotics, and Superdroid Robotics, are increasingly being adopted for human-robot cooperation in inspection applications. The use of inspection robots enables a higher level of quality assurance and control compared to manual inspection. Workers and quality control staff often experience decreased concentration levels due to repetitive tasks, mental exhaustion, and a decline in productivity.
Inspection robots equipped with sensors, cameras, and AI capabilities can perform tasks more consistently and accurately, reducing the likelihood of defects and errors. This leads to improved product quality and increased efficiency in the manufacturing process. The complementary need for human workers and inspection robots ensures that both can focus on their respective strengths, enhancing overall productivity and innovation.
Shift towards cloud-based solutions in inspection robots is the upcoming trend in the market. The market is experiencing significant growth due to the adoption of advanced technologies such as Artificial Intelligence (AI) and collaborative robots. Collaborative robots, also known as cobots, are increasingly being used for inspection tasks due to their ability to work alongside human workers, enhancing efficiency and accuracy. Inspection robots equipped with sensors, cameras, and AI capabilities enable human-robot cooperation in quality control and product inspection, ensuring worker safety and reducing the need for manual inspections.
Cloud-based solutions are becoming a complementary need in the market, enabling secure data storage, processing, and analysis. These platforms facilitate predictive maintenance, knowledge sharing, and collaboration among inspection teams and stakeholders, making inspection processes more effective and efficient.
Rising levels of unemployment due to use of robotics is a key challenge affecting the market growth. The market is witnessing significant growth due to the increasing adoption of collaborative robots, or cobots, in various industries. Cognitive computing and AI technologies are being integrated into quadruped robot dogs and inspection robots from companies like Honeybee Robotics, Universal Robots, Inuktun Services, LEO Robotics, and Superdroid Robotics. These advanced technologies enable human-robot cooperation, improving quality control and product inspection processes through increased efficiency, accuracy, and worker safety. While the adoption of cobots offers numerous benefits, it also raises concerns regarding the potential displacement of human workers.
However, the complementary nature of human workers and robots, along with the integration of sensors, cameras, and other advanced technologies, ensures that the need for human intervention remains essential. The implementation of these robotic solutions in manufacturing, transportation, finance, and energy management functions enhances productivity, optimizes processes, and contributes to cost savings.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Inspection robots are increasingly being adopted by businesses across various industries for quality control, product inspection, and maintenance assessment. The market is driven by the need for efficiency, accuracy, and worker safety. These robots are used in manufacturing, energy, construction, and other sectors to inspect assets and infrastructure in harsh environments, confined spaces, and hazardous areas. The market is witnessing a significant increase in the adoption of collaborative robots, or cobots, for human-robot cooperation. These robots are equipped with sensors, cameras, and specialized tools to collect data in real-time, enabling informed decisions and predictive maintenance. The initial investment for implementing inspection robots includes infrastructure modifications, training, and infrastructure costs.
However, the long-term benefits, such as increased efficiency, consistency, and cost-efficiency, outweigh the initial costs. Inspection robots are used in critical scenarios, such as safety inspections, maintenance assessments, and data collection, in industries like aerospace, automotive, oil and gas, and construction. They are also used in remote locations, unmanned facilities, and harsh environments where human intervention is not feasible or safe. The market for inspection robots is segmented based on robot type, testing type, and industry. The mobile service robots segment is expected to grow at a significant rate due to their versatility and ability to navigate tight spaces and inspect hard-to-reach areas.
However, the pharmaceutical segment is also a significant contributor to the market due to the need for precise and consistent inspection of packaged objects. Advanced sensors, such as lidar, ultrasonic, and thermal imaging, are used to detect defects, anomalies, and faults in various industries. These sensors enable accurate data collection and analysis, leading to improved product quality and operational efficiency. The integration of artificial intelligence and the internet of things in inspection robots enables real-time data analysis and human intervention only when necessary. This reduces the need for skilled technicians and lowers operational costs. Despite the benefits, the market for inspection robots faces challenges such as safety concerns, lack of standardization, and ease of use.
Further, specialized training is required for operators to effectively deploy and manage these robots. In conclusion, the market is expected to grow significantly in the coming years due to the need for efficient, accurate, and safe inspections in various industries. The market is driven by the adoption of cobots, advanced sensors, and artificial intelligence, and is segmented based on robot type, testing type, and industry. The challenges include safety concerns, lack of standardization, and ease of use, which are being addressed through ongoing research and development.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
167 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 19.86% |
|
Market growth 2024-2028 |
USD 5.70 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
16.06 |
|
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
|
Performing market contribution |
Europe at 38% |
|
Key countries |
US, China, Germany, Japan, and Canada |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
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, and Teradyne Inc. |
|
Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
