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Source: businesswire | Published on: Tuesday, 04 March 2025
DUBLIN--(BUSINESS WIRE)--The "Inspection Robots Market Size, Share, Forecast, & Trends Analysis by Type, Application, End User and Geography - Global Forecast to 2031" report has been added to ResearchAndMarkets.com's offering.
The inspection robots market is projected to reach $5.59 billion 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.
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.
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.
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.
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.
Key questions answered in the report:
Inspection Robots Market Insights
Competition Analysis
Competitive Dashboard
Market Share Analysis (2023)
Company Profiles
Scope of the Report:
Inspection Robots Market Assessment - by Type
Inspection Robots Market Assessment - by Application
Inspection Robots Market Assessment - by End User
Inspection Robots Market Assessment - by Geography
For more information about this report visit https://www.researchandmarkets.com/r/f4gkmo
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