Inspection Robotics Market to Continue Impressive Measured Growth through 2026
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.
Inspection Robotics Market Taxonomy
On the basis of control types, the global
inspection robotics market is classified into:
- Remotely
operated vehicles (ROV)
- Autonomous
On the basis of end use industries, the global
inspection robotics market is classified into:
- Oil
& Gas
- Petrochemicals
- Food
& beverage
- Aerospace
& defense
- Power
generation
- Others
Advancement in automated visual capability of
these next generation systems will enhance the system applicability
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.
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.
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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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