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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
Report ID: MRSE - 104830 Pages: 300 Jun-2024 Formats*: PDF Category: Semiconductor and Electronics Delivery: 24 to 72 Hours Download Free Sample ReportThe Inspection Robots Market is projected to reach $4.6 billion by 2030, at a CAGR of 21.6% from 2024 to 2030. By volume, this market is projected to reach 203 thousand units by 2030, at a CAGR of 22.7% from 2024 to 2030. The growth of this market is attributed to the rising need to assess the structural integrity of aging infrastructure and assets, increasing demand for standard quality products, and increasing labor costs for inspection activities. Furthermore, the increasing use of robots for inspection in insurance sectors and the adoption of robots for inspections by MRO services are expected to create significant opportunities for this market. However, complexities in integrating inspection robots in hazardous environments and scenarios challenge this market's growth. Also, high initial costs and maintenance costs are restraining the growth of this market.
The global inspection robots market is segmented based on type, application, end user, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
Key Players
The key players profiled in the global inspection robots market study 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).
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Quality inspection is the process of evaluating and verifying if the inspected materials and products conform with the specified requirements. It is achieved through manual, automatic, and semi-automatic methods.
With customers demanding ever-faster delivery of products in a growing range of combinations, the need to keep track of quality in manufacturing processes is more important than ever. Quality inspections are critical to ensuring that products are of high quality and produced in compliance with standards. Inspections are carried out to ensure the product meets all the product quality standards, company policies, and other compliances. Many parts built in the manufacturing industry have multiple faces, small detailing, complex shapes, and small detailing.
Manual inspection often leads to oversight and compromises in quality. Inspection robots are used for inspection in most industries to ensure product quality. Inspection robots provide more benefits than manual inspection, such as enhancing safety, increasing efficiency, ensuring consistent inspections to a high degree of accuracy, and providing valuable insights. For Instance, in July 2020, ABB Ltd. launched its 3D inspection robot cell, which ABB claims makes quality control testing “10 times faster”. 3DVM uses a 3D sensor to capture multiple images of the product and compare it to a master CAD model, dramatically accelerating production by providing fast, accurate testing to make metrology easier and less time-consuming. The 3D Quality Inspection cell eliminates the need for time-consuming manual inspections while substantially reducing the likelihood of faults and errors. Such a robot helps to inspect quality much faster and with more information than traditional tools and manual inspections.
Based on Type, the Mobile Robots Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on type, the global inspection robots market is segmented into stationary robots and mobile robots. The mobile robots segment is projected to register the highest CAGR during the forecast period. The flexibility provided by mobile robots to cover a large infrastructure area to inspect by a single robot, the capabilities of mobile robots to inspect critical and hazardous areas, growing adoption of mobile robots in inspection services for oil and gas industries are the major factors driving the growth of this segment.
In 2024, the Visual Inspection Segment is Projected to Account for the Largest Share
Based on application, the global inspection robots 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. In 2024, the visual inspection segment is expected to account for the largest share of the global inspection robots market. Visual inspection is a common method that is widely used to inspect a variety of qualities, such as the presence of fractures, dimension measurement, and coating uniformity. Visual inspection comprises the visual inception of ground, product, and infrastructure carried out by smart cameras mounted on robots. The need to reduce human intervention in dangerous and critical environments, the favorable company initiative to launch a robotic inspection system, and the rising need to improve the production quality of electronic components and increase product reliability contribute to this segment's large share.
Based on End User, the Industry Segment is Projected to Register the Highest CAGR During the Forecast Period
Based on end user, the global inspection robots market is segmented into industry, and inspection services. The inspection services segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the rising demand for inspection of critical and high-value infrastructure, the growing need for robotic inspection in the oil, gas, and petrochemical industry, and the growing adoption of mobile and remote automated inspection robots by the inspection service industry.
North America is Slated to Account for the Largest Share
Based on geography, the global inspection robots market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the inspection robots market. The large share of this market is attributed to the growing demand for high-quality products, the growing cost of labor, tight deadlines of manufacturing industries, increasing adoption of automation and advanced technologies, and favorable initiatives by players in this market.
Scope of the report:
Inspection Robots Market, by Type
Inspection Robots Market, by Application
Inspection Robots Market, by End User
Inspection Robots Market, by Geography
Key Questions Answered in the Report:
The inspection robots market is segmented based on type, application, end user, and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
The inspection robots market is projected to reach $4.6 billion by 2030, at a CAGR of 21.6% from 2024 to 2030.
The mobile robot segment is expected to account for the largest share of the inspection robots market.
The visual inspection segment is expected to account for the largest share of the global inspection robots market.
The growth of this market is attributed to the rising need to assess the structural integrity of aging infrastructure and assets, increasing demand for standard quality products, and increasing labor costs for inspection activities. Furthermore, the increasing use of robots for inspection in insurance sectors and the adoption of robots for inspections by MRO services are expected to create significant opportunities for this market.
The key players profiled in the global inspection robots market study 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).
Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this market is primarily driven by the economic growth of countries in the region, such as increasing manufacturing activities across the region, technologically leading countries such as China, South Korea, Japan, and India, growing urbanization in developing countries, and government funding for industrialization.
Published Date: Jul-2024
Published Date: Jul-2024
Published Date: Jul-2024
Published Date: Jun-2024
Published Date: May-2024
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