Growth of the market is majorly driven by rise in adoption of automation in industrial manufacturing. In addition, robot end effectors majorly find their application in the automobile industry; thus, expansion of the automotive industry is expected to boost growth of the inspection robots market. The inspection robots market size was valued at $940.0 millionContinue reading “Inspection Robots Market Anticipated to Reach $13,942.5 Million by 2030- Exclusive Research Report by AMR”
Inspection Robots Market to Reach $13.9 Billion by 2030
Growth of the market is majorly driven by rise in adoption of automation in industrial manufacturing. In addition, robot end effectors majorly find their application in the automobile industry; thus, expansion of the automotive industry is expected to boost growth of the inspection robots market.
The inspection robots market size was valued at $940.0 million in 2020, and is expected to reach $13.9 billion by 2030, registering a CAGR of 30.9% from 2021 to 2030.
Ability of the inspection robots to reach places that are not visible to human eyes majorly drive the inspection robots market. In addition, use of inspection robots avoid workers to reach out to dangerous places just to inspect the equipment or the manufacturing process. Moreover, data collection and storage by inspection robots is faster and accurate than manual recording. These are the factors that lead to growth of the inspection robots market around the world.
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Furthermore, adoption of IoT in inspection robots can make them more advanced and increase their efficiency by integrating Artificial Intelligence (AI). Such advancements are anticipated to open new avenues for the inspection robots market.
Top 10 Market Players
- Eddyfi Technologies
- Gecko Robotics, Inc.
- Genesis Systems
- Honeybee Robotics
- Invert Robotics
- JH Robotics, Inc.
- Montrose Technologies Inc.
- Shenzhen SROD Industrial Group Co., Ltd.
- Universal Robots
- Waygate Technologies
Key Market Segments
By Robot Type
- Stationary Robotic Arm
- Mobile Robots
By Testing Type
- Automated metrology
- Non-destructive inspection
By End User
- Oil & Gas
- Food & Beverage
- Pharmaceutical
- Electronics
- Others
By Region
- North America
- Europe
- Asia-Pacific
- LAMEA
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