Inspection Robots Market Size, Share, Forecast, & Trends Analysis 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 in-depth analysis of inspection robots market and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.
The inspection robots market is projected to reach $5,593.6 million by 2031, at a CAGR of 21.6% from 2024 to 2031. The growth of the inspection robots market is fueled by the growing demand for automated inspection processes, stringent government regulations & compliances related to product quality & safety, and the increasing adoption of Industry 4.0 technologies. However, the high initial investment requirements and the shortage of skilled & qualified personnel hinder market growth.
Moreover, the technological advancements in inspection robots are expected to generate growth opportunities for the players operating in this market. However, the efficient integration of inspection robots with existing production lines and safety issues with inspection robots are some of the major challenges impacting market growth.
Based on type, the inspection robots market is segmented into stationary robots and mobile robots. In 2024, the stationary robots segment is expected to account for the largest share of 54.0% of the inspection robots market. The segment’s large market share 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 anticipated to register a higher CAGR during the forecast period. The growth of this segment is attributed to factors such as their flexibility in covering large infrastructure areas with a single robot, their capability to inspect critical and hazardous areas, and the increasing adoption of mobile robots in inspection services, particularly within the oil and gas industry.
Based on application, the 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 ultrasonic inspection segment is expected to account for the largest share of 20.0% of the inspection robots market. The segment’s large market share is attributed to the growing adoption of inspection robots to detect flaws and assess the integrity of materials and the rising use of inspection robots to increase the speed and efficiency of inspection.
However, the visual Inspection segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the growing adoption of inspection robots to automate repetitive inspection tasks and the increasing need for visual inspection in industries such as manufacturing, automotive, electronics, pharmaceuticals, and food & beverage.
Based on end user, the inspection robots market is segmented into industry and inspection services. In 2024, the industry segment is expected to account for the largest share of 71.5% of the inspection robots market. The segment’s large market share is attributed to the increasing demand for high-quality standards, the adoption of robots for quality inspection, and the need to optimize production processes across manufacturing industries.
Moreover, the industry segment is expected to register the highest CAGR during the forecast period.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, Asia-Pacific is expected to account for the largest share of 63.2% of the global inspection robots market. The growth of this market can be attributed to the increasing adoption of automation and advanced technologies, the presence of leading companies operating in this market, and the easy availability of their forthcoming products and services. Additionally, the market in Asia-Pacific is projected to register the highest CAGR of 22.3% during the forecast period.
Key Players:Some of the key players operating in the inspection robots market are ABB Ltd (Switzerland), KUKA AG (Germany), Universal Robots (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), Systematics 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 based on type, application, and end user?
What was the historical market for inspection robots?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, restraints, and opportunities in the inspection robots market?
Who are the major players in the inspection robots market?
What is the competitive landscape like?
What are the recent developments in the inspection robots market?
What are the different strategies adopted by the major players in the inspection robots market?
Who are the emerging players in the inspection robots market, and how do they compete with the other players?
Scope of the Report:
Inspection Robots Market Assessment—by TypeStationary Robots
Mobile Robots
Inspection Robots Market Assessment—by ApplicationUltrasonic Inspection
Thermal Inspection
Radiography Inspection
Visual Inspection
Laser Scanning
Tangential Eddy Current Array
Photogrammetry
Alternating Current Field Measurement
Other Applications
Inspection Robots Market Assessment—by End UserIndustry
Automotive
Food and Beverage
Oil & Gas
Semiconductor & Electronics
Aerospace and Defense
Pharmaceutical
Machinery & Metal
Other Industries
Inspection Services
Inspection Robots Market Assessment—by GeographyAsia-Pacific
China
Japan
India
Australia
South Korea
Taiwan
Rest of Asia-Pacific
North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Switzerland
Sweden
Rest of Europe
Latin America
Mexico
Brazil
Argentina
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
Rest of Middle East & Africa
Inspection Robots Market - Report SummaryReport Metrics | Details |
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Years Considered | 2024 - 2031 |
Base Year | 2023 |
Forecast Period | 2024-2031 |
Page Count | 209 |
Units Referenced | Value (USD Million) |
Segments/Key Topics | Market by Type, Application, and End User |
Key Companies Mentioned | ABB Ltd (Switzerland), KUKA AG (Germany), Universal Robots (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), Systematics India Pvt. Ltd. (India), SMP Robotics Systems Corp. (U.S.), and Energy Robotics GmbH (Germany). |
FAQs About the Report
What is the revenue generated from the inspection robots market? At what rate is their demand expected to grow for the next 5–7 years?The inspection robots market is expected to reach $5,593.6 million by 2031, at a CAGR of 21.6% during the forecast period (2024–2031).
Which Type segment of the market is projected to create more traction in the inspection robots market?In 2024, the stationary robots segment is expected to account for the largest share of 54.0% of the inspection robots market. The segment’s large market share 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.
Which end user segment of the market is projected to create more traction in the inspection robots market?In 2024, the industry segment is expected to account for the largest share of 71.5% of the inspection robots market. The segment’s large market share is attributed to the increasing demand for high-quality standards, the adoption of robots for quality inspection, and the need to optimize production processes across manufacturing industries.
What are the key factors driving the growth of the inspection robots market? What are the major opportunities for existing market players and new entrants?The growth of the inspection robots market is fueled by the growing demand for automated inspection processes, stringent government regulations & compliances related to product quality & safety, and the increasing adoption of Industry 4.0 technologies. Furthermore, the technological advancements in inspection robots are expected to create growth opportunities for the stakeholders in this market.
Who are the major players operating in the inspection robots market?The key players operating in the inspection robots market are ABB Ltd (Switzerland), KUKA AG (Germany), Universal Robots (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), Systematics India Pvt. Ltd. (India), SMP Robotics Systems Corp. (U.S.), and Energy Robotics GmbH (Germany).