Crawler Camera Systems

Crawler Camera Systems

Global Crawler Camera Systems Market to Reach $528.2 Million by 2027

In the changed post COVID-19 business landscape, the global market for Crawler Camera Systems estimated at US$212.7 Million in the year 2020, is projected to reach a revised size of US$528.2 Million by 2027, growing at a CAGR of 13.9% over the analysis period 2020-2027. Hardware, one of the segments analyzed in the report, is projected to record a 13.5% CAGR and reach US$230.3 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 13.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $62.8 Million, While China is Forecast to Grow at 13.4% CAGR

The Crawler Camera Systems market in the U.S. is estimated at US$62.8 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$92.2 Million by the year 2027 trailing a CAGR of 13.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.3% and 11.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.2% CAGR.

Services Segment to Record 14.7% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 14.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$32.7 Million in the year 2020 will reach a projected size of US$84.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 36 Featured) -

• Ac-Cess
• Am Industrial Group
• Crawler Pipeline Services
• Cues Inc. (Acquired By Spx Corporation)
• Deep Trekker
• Eddyfi
• Envirosight
• Insight | Vision
• IPEK International (An Idex Group Company)
• Laveer Engineering

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