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

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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 2031.

The research 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 2031, provides an in-depth analysis of the inspection robots market across five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031. The inspection robots is projected to reach $5.6 billion by 2031, at a CAGR of 22.7% from 2024 to 2031.

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. However, high initial costs and maintenance costs are restraining the growth of this market. In addition, 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. Complexities in the integration of inspection robots in hazardous environments and scenarios challenge this market's growth.

The global inspection robots market is segmented based on type (stationary and mobile robots), application (visual inspection, ultrasonic inspection, photogrammetry, laser scanning, thermal inspection, radiography inspection, alternating current field measurement, tangential eddy current array, and other applications), end user (industry and inspection services), and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on type, the global inspection robots market is segmented into stationary and mobile robots. In 2024, the stationary robot segment is expected to account for a larger share of the global inspection robots market. The large market share of this segment is attributed to the rising need to meet specified quality standards, high efficiency with reduced downtimes provided by stationary robots, greater occupational safety, and intelligent data analysis.

However, 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.

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 of 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, initiatives to launch robotic inspection systems in the market, 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 global inspection robots market is segmented into industry and inspection services. In 2024, the industry segment is expected to account for the largest share of the inspection robots market. The large market share of this segment is attributed to the growing demand for visual inspection, increased demand for high-quality standard products, adoption of robots for inspection of product quality, and the growing need to match dynamic production across manufacturing industries, reduce quality inspection times, and streamline workflows. The industry segment is further classified into automotive, semiconductor & electronics, food and beverage, aerospace and defense, machinery & metal, pharmaceutical, BFSI, and other industries.

However, 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.

Based on geography, the global inspection robots market is segmented into North America, Europe, Asia-Pacific, Latin America, and 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 the market players.

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).

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 2024-2031?
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?

Scope of the report:

Inspection Robots Market-by Type

Stationary Robots
Mobile Robots

Inspection Robots Market-by Application

Visual Inspection
Ultrasonic Inspection
Photogrammetry
Laser Scanning
Thermal inspection
Radiography Inspection
Alternating Current Field Measurement
Tangential Eddy Current Array
Other Applications

Inspection Robots Market-by End User

Industry
- Food and Beverage
- Automotive
- Semiconductor & Electronics
- BFSI
- Aerospace and Defense
- Machinery & Metal
- Pharmaceutical
- Other Industries
Inspection Services

Inspection Robots Market-by Geography

North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Switzerland
- Sweden
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Taiwan
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- Rest of Middle East & Africa

Product Code: MRSE - 104830

1. Market Definition & Scope

1.1 Market Definition
1.2 Market Ecosystem
1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
1.4 Key Stakeholders

2. Research Methodology

2.1 Research Approach
2.2 Process of Data Collection & Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3 Market Sizing and Forecast
- 2.3.1 Market Size Estimation Approach
- 2.3.2 Growth Forecast Approach
2.4 Assumptions for the Study

3. Executive Summary

3.1 Market Overview
3.2 Market Analysis, by Type
3.3 Market Analysis, by Application
3.4 Market Analysis, by End User
3.5 Market Analysis, by Geography
3.6 Competitive Analysis

4. Market Insights

4.1 Overview
4.2 Factors Affecting Market Growth
- 4.2.1 Impact Analysis of Market Drivers, Restraints, Opportunities, and Challenges
4.3 Case Studies
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Buyers
- 4.4.2 Bargaining Power of Suppliers
- 4.4.3 Threat of Substitutes
- 4.4.4 Threat of New Entrants
- 4.4.5 Degree of Competition

5. Global Inspection Robots Market Assessment, by Type

5.1 Overview
5.2 Stationary Robots
5.3 Mobile Robots

6. Global Inspection Robots Market Assessment, by Application

6.1 Overview
6.2 Visual Inspection
6.3 Ultrasonic Inspection
6.4 Photogrammetry
6.5 Laser Scanning
6.6 Thermal inspection
6.7 Radiography Inspection
6.8 Alternating Current Field Measurement
6.9 Tangential Eddy Current Array
6.10 Other Applications

7. Global Inspection Robots Market Assessment, by End User

7.1 Overview
7.2 Industry
- 7.2.1 Food and Beverage
- 7.2.2 Automotive
- 7.2.3 Semiconductor & Electronics
- 7.2.4 BFSI
- 7.2.5 Aerospace and Defense
- 7.2.6 Machinery & Metal
- 7.2.7 Pharmaceutical
- 7.2.8 Other Industries
7.3 Inspection Services

8. Inspection Robots Market Assessment, by Geography

8.1 Overview
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 U.K.
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Switzerland
- 8.3.7 Sweden
- 8.3.8 Rest of Europe
8.4 Asia-Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Taiwan
- 8.4.7 Rest of Asia-Pacific
8.5 Latin America
- 8.5.1 Mexico
- 8.5.2 Brazil
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 Middle East & Africa
- 8.6.1 UAE
- 8.6.2 Saudi Arabia
- 8.6.3 Israel
- 8.6.4 Rest of Middle East & Africa

9. Global Inspection Robots Market Assessment - Competition Analysis

9.1 Overview
9.2 Key Growth Strategies
- 9.2.1 Market Differentiators
- 9.2.2 Synergy Analysis: Major Deals & Strategic Alliances
9.3 Competitive Dashboard
- 9.3.1 Industry Leaders
- 9.3.2 Market Differentiators
- 9.3.3 Vanguards
- 9.3.4 Contemporary Stalwarts
9.4 Vendor Market Positioning
9.5 Market Share Analysis

10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, Strategic Developments, and SWOT Analysis of the Top 5 Companies)

10.1 ABB ltd
10.2 KUKA AG
10.3 Universal Robots A/S
10.4 FANUC CORPORATION
10.5 DENSO CORPORATION
10.6 Mitsubishi Heavy Industries, Ltd.
10.7 Yaskawa Electric Corporation
10.8 Seiko Epson Corporation
10.9 Waygate Technologies
10.10 Eddyfi Technologies
10.11 ANYbotics AG
10.12 Hangzhou Shenhao Technology Co., Ltd.
10.13 Robotnik Automation S.L.
10.14 PetroBot Technologies Private Limited
10.15 Systemantics India Pvt. Ltd.
10.16 SMP Robotics Systems Corp.
10.17 Energy Robotics GmbH

11. Appendix

11.1 Related Reports
11.2 Customization