Inspection Robots Market is expected to grow at a CAGR of 28.3% to become a USD 9.7 Bn market by 2029
Inspection Robots Market Overview :
MMR published a Inspection Robots Market report, providing valuable insights into the global Inspection Robots industry to help clients understand future product demand. The report synopsis offers in-depth details about market size, growth factors, statistics, leading players, and a comprehensive regional and national market scenario.
Inspection Robots Market Values:
- 2023 Market Value: USD 1.7 Billion
- 2029 Market Value: USD 9.7 Billion
- CAGR : 28.3%
- Forecast Period : 2023-2029
Inspection Robots Market Report Scope and Research Methodology
The Inspection Robots market report provides comprehensive insights into sales, revenue, product types, applications, and leading players. It utilizes primary and secondary research, segmentation, and various forecasting approaches. SVOR analysis estimates new opportunities, strengths, and risks, while PESTEL analysis examines micro and macroeconomic factors. PORTER’s 5 forces analyse key players and market competition.
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Inspection Robots Market Regional Insights
The report offers a comparative explanation of factors such as market size, Inspection Robots growth rate, and import-export across listed regions: North America, Europe, Asia Pacific, South America, the Middle East, and Africa.
Inspection Robots Market Segmentation
Remotely operated vehicles (ROVs): ROVs are underwater inspection robots that are operated by a human operator on the surface. They are typically used for underwater inspections in industries such as oil and gas, marine, and defence. The ROVs segment held the largest share of the inspection robots market in 2022. The report also forecasts that this segment will continue to hold the largest share of the market during the forecast period.
Autonomous underwater vehicles (AUVs): AUVs are unmanned underwater inspection robots that operate without the need for human intervention. They are typically used for underwater inspections in industries such as oil and gas, marine, and defence. The AUVs segment is expected to grow at the highest CAGR during the forecast period. The report cites the increasing adoption of AUVs in the oil and gas industry for pipeline inspection as a key driver of market growth.
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Inspection Robots Market Key Players :
1. ABB Ltd. - Zurich, Switzerland
2. AeroVironment Inc. - Simi Valley, California, USA
3. Blue Ocean Robotics - Odense, Denmark
4. Boston Dynamics, Inc. - Waltham, Massachusetts, USA
5. Cognex Corporation - Natick, Massachusetts, USA
6. Cyberdyne Inc. - Tsukuba, Japan
7. Faro Technologies, Inc. - Lake Mary, Florida, USA
8. General Electric Company - Boston, Massachusetts, USA
9. Gecko Robotics - Pittsburgh, Pennsylvania, USA
10.Honeybee Robotics - Pasadena, California, USA
11.iRobot Corporation - Bedford, Massachusetts, USA
12.KUKA AG - Augsburg, Germany
13.Mitsubishi Electric Corporation - Tokyo, Japan
14.MISTRAS Group, Inc. - Princeton Junction, New Jersey, USA
15.Omron Corporation - Kyoto, Japan
16.Parrot SA - Paris, France
17.QinetiQ Group plc - Farnborough, United Kingdom
18.Sarcos Robotics, Inc. - Salt Lake City, Utah, USA
19.Schaeffler AG - Herzogenaurach, Germany
20.Sherpa Robotics - Quebec City, Quebec, Canada
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Key questions answered in Inspection Robots Market are:
- Who held the largest market share in Inspection Robots Market?
- What is the demand pattern for the Inspection Robots Market?
- What are the opportunities for the Inspection Robots Market?
- What are the strategies used by competitors in the Inspection Robots Market?
- What are the growth prospects in developing countries for the Inspection Robots Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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