The Worldwide Inspection Robots Industry is Expected to Reach $4.2 Billion by 2028 at a 29% CAGR - ResearchAndMarkets.com

DUBLIN--()--The "Global Inspection Robots Market Size, Share & Industry Trends Analysis Report By Robot Type, By Testing Type (Non-destructive Inspection and Automated Metrology), By Application, By Regional Outlook and Forecast, 2022 - 2028" report has been added to ResearchAndMarkets.com's offering.

The Global Inspection Robots Market size is expected to reach $4.2 billion by 2028, rising at a market growth of 29.0% CAGR during the forecast period.

Mobile service robots with cutting-edge vision sensors, known as inspection robots, are frequently utilized to assess vital and expensive infrastructure.

Robots used for inspection are either fully autonomous, capable of navigating themselves, or semi-autonomous, where they have been taught certain pathways. Robotic inspections are more thorough than manual ones, especially in hazardous environments, and since they can work continuously for extended periods, they are more accurate.

The requirement for robotic inspection of substantial, highly valuable infrastructure in the oil, gas, and petrochemical industries is the main driver of this rise. The market expansion of inspection robots is also influenced by their constantly improving capabilities and businesses' ability to quickly realize a return on investment (ROI). Items are measured by robots as well.

According to Edward Roney, Development Manager of Intelligent Robotics at FANUC Robotics America Inc., Rochester Hills, Michigan, "Inspection systems are measuring parts but as tolerances of the measurements get increasingly tighter, these tolerances become tougher to fulfill." Lighting and how parts are presented to the robot are more important. Integrators are making the inspection system more complex by switching from confirming a part's presence to measuring it.

Roney cites the robotic inspection process where a vision system checks to see if a nut or bolt is in the right place or if a hole has been properly tapped. Robotics are frequently used to inspect certain aspects, according to Roney. According to Adil Shafi, President of SHAFI Inc., Brighton, Michigan, "SHAFI provides three-dimensional robotic metrology that involves dimensional tolerance testing.

End-users do not need to send a sample of parts to a laboratory to have their measurements checked due to the robot's inspection system, which also serves as a coordinate measuring machine. Shafi continues by saying that robotic inspection makes sure that end-users are given accurate information when gathering data on their components.

Market Growth Factors

Robotic Inspection Advantages Over Manual Inspection

For quality inspection and scanning applications, semi-autonomous or completely autonomous inspection robots are preferable to manual inspection. In comparison to manual inspection, robotic inspection allows a better level of quality assurance and quality control.

Due to variables like the tedious repetition of activities, mental fatigue, and a steady loss in productivity, quality inspection personnel' and staff's concentration levels typically diminish with time. Due to the decrease in flaws and errors, the employment of inspection robots raises the standards of quality assurance and quality control and, as a result, the quality of the final product.

Changes In Technology For The Industrial Industry

The leading companies in the inspection robots market is focusing on the expanding adoption of cutting-edge technologies in the machinery sector to increase the usage of robotic paints and use human labor for industrial processes as little as possible.

Today's fiercer competition between major organizations enables them to build their businesses and increase their market share. Quality may be improved, waste and VOCs can be reduced, and production can be increased overall using equipment intended to offer precise mixing and spraying.

Marketing Restraining Factor:

Initiation Costs For The Machines Are High

Given the current stage of industrial development, integrating robot arms and other gear is a difficult task. The end user is expected to require a certified system integrator if they lacked the required engineering expertise.

Accuracy and cycle time is expected to be given top priority while evaluating the viability of automation requirements. In order to evaluate production capacity and determine the return on investment, the predicted production cycle can be employed, and sufficient accuracy can ensure that each stage is completed appropriately (ROI).

Scope of the Study

Market Segments Covered in the Report:

By Robot Type

  • Mobile Robots
  • Stationary Robotic Arm

By Testing Type

  • Non-destructive Inspection
  • Automated Metrology

By Application

  • Oil & Gas
  • Food & Beverage
  • Pharmaceutical
  • Electronics
  • Others

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Teradyne, Inc. (Universal Robots A/S)
  • ABB Group
  • Mitsubishi Electric Corporation
  • Eddyfi Technologies
  • Gecko Robotics, Inc.
  • Genesis Systems (IPG Photonics Corporation)
  • Honeybee Robotics (Ensign-Bickford Industries, Inc.)
  • Invert Robotics Group Limited
  • JH Robotics, Inc.
  • Baker Hughes Company (Waygate Technologies)

For more information about this report visit https://www.researchandmarkets.com/r/tqnltm-inspection?w=4

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900