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Inspection Robotics Market

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Inspection Robotics Market report categorizes global market on the basis of control types, and end-use industries - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2025
Inspection Robotics Market - Global Industry
Insights, Trends, Outlook, and Opportunity Analysis,
2018–2025
Generic robots were attributed with operations in specific area at particular time
owing to lack of appropriate vision systems. Incorporation of vision sensors,
cameras, and software that can control the operation of these automated systems
has led to significant increase in the application of these systems. For instance,
SkySpecs offers autonomous wind turbine drone examination solutions that can
operate independently and examine the various parameters of the turbines to
determine its power efficiency. Moreover, such applications in food and beverage
industry, high altitude or unfavorable working environment that endangers human
lives can be easily met with the utilization of these systems. These factors are
expected to drive the inspection robotics market growth.
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Robots have found extensive applications for automating several repetitive industrial
tasks. In conjunction with the development in the robotic vision systems and sensing,
requirements for better production quality in the industrial manufacturing procedures
and focus towards eliminating human errors in these operations have in turn led to
significant growth of the inspection robotics market. Some of the major applications
of these systems include inspection of water pipelines, high voltage transmission
lines, bridges, and dams.
Superior quality output and high ROI fueling growth of the inspection robotics
market
Better production quality assessment in industry critical applications, specifically that
including aerospace and oil & gas exploration form the basis of their applications.
Introduction of human errors in these processes can threaten loss of million dollars
or endanger multiple human lives. These applications for high accuracy are expected
to garner consistent demands over the following few years. Moreover, high return on
investment (ROI), owing to reduction in manual workforce expenses, 24-hour
working capacities, less residual waste generation, and minimal human intervention
requirement will provide considerable growth opportunities for the inspections
robotics market.
High initial capital and social unacceptance owing to significant loss of human
jobs are expected to be major challenges to the industry growth
Owing to its high initial one time capital, it is difficult for SMEs to adopt these
solutions. Availability of low cost work force in some emerging economies that
include China, India, and Indonesia, will also present considerable growth challenge.
Moreover, requirement to meet regulatory compliances for the co-existence of the
human and automated workforce such as Robot Ethics Charter in South Korea and
RoboLaw project in the EU, is projected to hamper adoption of inspection robots.
Remotely operated vehicles major growth drivers of the inspection robotics
market
Remotely-operated vehicles are tethered by cables and can be controlled through
central control unit. High utilization of these systems in surveillance and examination
operations is expected to be the major growth driver for this market. However,
autonomous solutions are increasingly gaining popularity, owing to their ease of
utilization, and the segment is expected to witness highest growth rate over the
forecast period. On the basis of application, oil & gas industry segment dominated
the market, owing to its mission critical applications and requirement of accurate real
time operation monitoring conducive to ensure optimal productivity.
Asia Pacific is expected to dominate the industry through the forecast period,
primarily owing to large production and sales in Japan, China, and South Korea.
Other major regional markets include the U.S., Germany, and the U.K. The market is
characterized by the presence of a relatively small number of original equipment
manufacturers in comparison to other types of industrial robots. Most of the solution
providers in the industry include system integrators and assemblers. Industry
participants are expected to focus on innovation in order to gain strong industry
foothold.
Key players in the inspection robotics market include AETOs, GE Inspection
Robotics, Honeybee Robotics, Inuktun Services, and Universal Robots.
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Author
apeksha motghare
apeksha motghare533   documents Email
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