The global Inspection Robotics Market is estimated to be valued at US$ 3.89 Bn in 2023 and is expected to exhibit a CAGR of 20.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Inspection robotics are autonomous robots used for visual and ultrasonic inspection of components, structures and surfaces. They are deployed for pipe and tank inspections, welding inspections, and structural steel inspections among others. Inspection robotics offer various advantages like 24/7 operations, high accuracy, reduced costs, and improved safety.
Market key trends:
One of the key trends in the inspection robotics market is the growing adoption of autonomous mobile robots for visual inspections. These robots use advanced sensors, cameras and other payloads to autonomously navigate in complex and hazardous industrial environments to perform visual inspections. They provide real-time inspection data and detailed reports with images and videos of defects. Their autonomous navigation capabilities make visual inspections more efficient by freeing up human inspectors from repetitive and dangerous inspection tasks. The use of autonomous mobile robots for visual inspections is expected to grow significantly over the forecast period due to their advantages of 24/7 operations, accuracy and improved workplace safety.
Segment Analysis
The global inspection robotics market is segmented into product type and application. Based on product type, the market is divided into remotely operated vehicle (ROV), autonomous underwater vehicle (AUV), unmanned aerial vehicle (UAV), unmanned ground vehicle (UGV), and others. Among these, the AUV segment accounts for the largest share in the market. AUVs are remotely operated underwater vehicles that can operate without continuous human guidance or input. AUVs are preferred for inspection applications due to their higher autonomy capabilities, which allows them to map out inspection paths and complete inspection tasks without human intervention.
Key Takeaways
The global inspection robotics market is expected to witness high growth, exhibiting a CAGR of 20.% over the forecast period, due to increasing demand for automation across industries and need to ensure workplace safety.
Regional analysis:
Regionally, North America dominates the global market and is expected to continue its dominance over the forecast period. This is attributed to high adoption of advanced technologies across industries and demand for automation in the region. Asia Pacific is expected to grow at the fastest rate owing to increasing industrialization, expanding manufacturing sector, and rising investments in development of inspection robots in countries such as China and Japan.
Key players:
Key players operating in the inspection robotics market include AETOs, GE Inspection Robotics, Honeybee Robotics, Inuktun Services, and Universal Robots. These players are focusing on developing advanced product features and launching new products to gain competitive advantage. For instance, in 2022, GE Inspection Robotics launched its new crawlers with custom tooling capabilities for performing visual, ultrasound, and eddy current inspections.
_______________________
