Global Inspection Robots Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3600/- USD | Published Date: April 3, 2021 |

The global inspection robots market size is accounted to register a significant CAGR of 17.2% during the forecast period 2021 to 2027 and expected to reach over USD 8 billion by 2027. The increasing automation in various end use industries such as oil & gas, automotive, and others is a primary factor to drive the market growth. Oil & gas industry is the largest consumer of the inspection market, making the segment prominent and promising. Increase in offshore oil & gas activities results into higher number of offshore rigs and floating, production, storage and offloading (FPSO) vessels.

In 2019, Petronas, a Malaysian oil and gas company, have started a new project named refinery and petrochemical integrated development project (RAPID). The cost for this project is accounted for USD 27 billion. Furthermore, Consistent technological advancement in various industries such as automotive, oil & gas, utilities and others has increased the demand for inspection robots. The technological advancements help the businesses growth in the long run and achieve a better return on investment (ROI). However, High installation costs coupled with a need for inspection driven robot autonomy are some major hindrances to the growth of inspection robot market.

Market Segment Insights:

The global inspection robots market is segmented into type, end-user, and geography. On the basis of type, the market is further classified into autonomous and remotely operated vehicles (ROVs). The remotely operated vehicles segment is accounted to hold the largest market share around 80% of the market and expected to maintain its dominance over the forecast period. High value of remotely operated vehicles (ROVs) for surveillance and examination is the major growth factor for this segment.

Inspection Robots Market Size & Growth

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The inspection robots comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The inspection robots market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Inspection Robots Market Segmentation:

By Type:

  • Autonomous
  • Remotely Operated Vehicles (ROVs)

By End-User:

  • Oil & Gas
  • Petrochemicals
  • Utilities
  • Food & Beverages
  • Automotive

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

By region, North America dominated the global inspection robots market and accounted to hold the largest market share of over 31% of the market. The market here is primarily backed by the U.S. due to adoption of inspection robots across various industries such as oil & gas, food & beverage, utilities and petrochemicals. Moreover, the fact that the oil and gas industry is expected to recover in near future will further influence the demand for inspection robots in the region.

Market Competition Assessment:

Key players operating in the global inspection robots market are General Electric Company, Aetos Group, Inuktun Services Ltd., Honeybee Robotics, and Universal Robots A/S. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • General Electric Company
  • Aetos Group
  • Inuktun Services Ltd.
  • Honeybee Robotics
  • Universal Robots A/S
  • Genesis Systems Group
  • Alstom Inspection Robotics
  • JH Robotics, Inc.
  • LEO Robotics and Superdroid Robots, Inc.

Key Questions Answered by Inspection Robots Market Report:

  • Global inspection robots market forecasts from 2021-2027
  • Regional inspection robots market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Inspection robots submarket forecasts from 2021-2027 covering the market by type, by end-user, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to inspection robots market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level inspection robots markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the inspection robots market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Inspection Robots Market Portraiture
2.2. Global Inspection Robots Market, by Type, 2020 (USD Mn)
2.3. Global Inspection Robots Market, by End-User, 2020 (USD Mn)
2.4. Global Inspection Robots Market, by Geography, 2020 (USD Mn)

 

3. Global Inspection Robots Market Analysis


3.1. Inspection Robots Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Inspection Robots Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Autonomous
4.3. Remotely Operated Vehicles (ROVs)

 

5. Global Inspection Robots Market By End-User, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Oil & Gas
5.3. Petrochemicals
5.4. Utilities
5.5. Food & Beverages
5.6. Automotive

 

6. North America Inspection Robots Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Inspection Robots Market by Type (2018-2027 USD Mn)
6.1.3. North America Inspection Robots Market by End-User (2018-2027 USD Mn)
6.1.4. North America Inspection Robots Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.2. Canada

 

7. Europe Inspection Robots Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Inspection Robots Market by Type (2018-2027 USD Mn)
7.1.3. Europe Inspection Robots Market by End-User (2018-2027 USD Mn)
7.1.4. Europe Inspection Robots Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.2. U.K.
7.1.4.3. France
7.1.4.4. Italy
7.1.4.5. Rest of Europe

 

8. Asia Pacific Inspection Robots Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Inspection Robots Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Inspection Robots Market by End-User (2018-2027 USD Mn)
8.1.4. Asia Pacific Inspection Robots Market by Country (2018-2027 USD Mn)
8.1.4.1. China.
8.1.4.2. Japan
8.1.4.3. Rest of Asia Pacific

 

9. Latin America (LATAM) Inspection Robots Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Inspection Robots Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Inspection Robots Market by End-User (2018-2027 USD Mn)
9.1.4. Latin America Inspection Robots Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.2. Mexico
9.1.4.3. Rest of Latin America

 

10. Middle East and Africa Inspection Robots Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Inspection Robots Market by Type (2018-2027 USD Mn)
10.1.3. MEA Inspection Robots Market by End-User (2018-2027 USD Mn)
10.1.4. Middle East and Africa Inspection Robots Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.2. Rest of MEA

 

11. Company Profiles


11.1. General Electric Company
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Aetos Group
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Inuktun Services Ltd.
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Honeybee Robotics
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Universal Robots A/S
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Genesis Systems Group
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Alstom Inspection Robotics
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. JH Robotics, Inc.
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. LEO Robotics and Superdroid Robots, Inc.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis

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List of Tables:

TABLE 1 Market Snapshot: Global Inspection Robots Market

TABLE 2 Impact Indicators

TABLE 3 Impact Analysis of Drivers and Challenges

TABLE 4 Global Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 5 Global Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 6 North America Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 7 North America Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 8 North America Inspection Robots Market Value, By Country, 2018 - 2027 (US$ Mn)

TABLE 9 U.S. Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 10 U.S. Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 11 Canada Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 12 Canada Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 13 Europe Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 14 Europe Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 15 Europe Inspection Robots Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 16 Germany Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 17 Germany Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 18 U.K. Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 19 U.K. Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 20 France Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 21 France Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 22 Italy Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 23 Italy Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 24 Rest of Europe Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 25 Rest of Europe Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 26 Asia Pacific Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 27 Asia Pacific Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 28 Asia Pacific Inspection Robots Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 29 Japan Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 30 Japan Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 31 China Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 32 China Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 33 Rest of Asia Pacific Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 34 Rest of Asia Pacific Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 35 Latin America Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 36 Latin America Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 37 Latin America Inspection Robots Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 38 Brazil Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 39 Brazil Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 40 Mexico Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 41 Mexico Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 42 Rest of Latin America Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 43 Rest of Latin America Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 44 Middle East & Africa Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 45 Middle East & Africa Inspection Robots Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 46 Middle East & Africa Inspection Robots Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 47 GCC Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 48 GCC Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 49 Rest of MEA Inspection Robots Market Value, by Type, 2018 - 2027 (US$ Mn)

TABLE 50 Rest of MEA Inspection Robots Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 51 General Electric Company: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 52 Aetos Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 53 Inuktun Services Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 54 Honeybee Robotics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 55 Universal Robots A/S: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 56 Genesis Systems Group: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 57 Alstom Inspection Robotics: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 58 JH Robotics, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 59 LEO Robotics and Superdroid Robots, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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List of Figures:

FIG. 1 Global Inspection Robots: Market Segmentation

FIG. 2 Global Inspection Robots Market: Research Methodology

FIG. 3 Top-Down and Bottom-up Approach

FIG. 4 Global Inspection Robots Market, by Type, 2019 (US$ Mn)

FIG. 5 Global Inspection Robots Market, by End-User, 2019 (US$ Mn)

FIG. 6 Global Inspection Robots Market, by Geography, 2019 (US$ Mn)

FIG. 7 Global Inspection Robots Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

FIG. 8 Attractive Investment Proposition, by Geography, 2017

FIG. 9 Market Positioning of Key Inspection Robots Providers, 2019

FIG. 10 Global Inspection Robots Market Value Share, by Type, 2018 & 2027 (%)

FIG. 11 Global Inspection Robots Market Value for Autonomous, 2018 - 2027, (US$ Mn)

FIG. 12 Global Inspection Robots Market Value for Remotely Operated Vehicles (ROVs), 2018 - 2027, (US$ Mn)

FIG. 13 Global Inspection Robots Market Value Share, by End-User, 2018 & 2027 (Value %)

FIG. 14 Global Inspection Robots Market Value for Oil & Gas, 2018 - 2027 (US$ Mn)

FIG. 15 Global Inspection Robots Market Value for Petrochemicals, 2018 - 2027 (US$ Mn)

FIG. 16 Global Inspection Robots Market Value for Utilities, 2018 - 2027 (US$ Mn)

FIG. 17 Global Inspection Robots Market Value for Food & Beverages, 2018 - 2027 (US$ Mn)

FIG. 18 Global Inspection Robots Market Value for Automotive, 2018 - 2027 (US$ Mn)

FIG. 19 North America Inspection Robots Market Value, 2018 - 2027, (US$ Mn)

FIG. 20 Europe Inspection Robots Market Value, 2018 - 2027, (US$ Mn)

FIG. 21 Asia Pacific Inspection Robots Market Value, 2018 - 2027, (US$ Mn)

FIG. 22 LATIN America Inspection Robots Market Value, 2018 - 2027, (US$ Mn)

FIG. 23 Middle East & Africa Inspection Robots Market Value, 2018 - 2027, (US$ Mn)
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