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Global Inspection Robots Market 2017-2021

Global Inspection Robots Market 2017-2021

About Inspection Robots Market

Industrial robots are likely to play an integral role across end-user industries (automotive, electronics and electrical and food and beverages) worldwide that are opting for automation of their critical applications to ensure operational efficiency and superior quality products. Inspection robots belonging to the family of industrial robots will subsequently find a higher adoption in industries like the oil and gas, petrochemical, and food and beverage industries. Initially, these industries carried out manual inspections, which fail to detect and scrutinize deviations or anomalies in the existing processes. To eliminate such instances, inspection robots are being deployed to ensure that processes are smooth and streamlined, and products match up to the quality standards.

Technavio’s analysts forecast the global inspection robots market to grow at a CAGR of 16.68% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global inspection robots market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Inspection Robots Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AETOs
  • GE Inspection Robotics
  • Honeybee Robotics
  • Inuktun Services
  • Universal Robots
Other prominent vendors
  • AZoRobotics
  • Calmation
  • Cognex
  • Cross Robotics
  • ECA Group
  • Faro
  • FMC Technologies
  • Genesis Systems Group
  • Hydrovision
  • Inspectorbots
  • JH Robotics
  • Lakeview Vision and Robotics
  • Leo Robotics
  • NuTec
  • RNA Automation
  • SuperDroid Robots
  • Robotic Automation Systems
  • Warren Industrial Solutions
  • Wauseon Machine and Manufacturing
Market driver
  • Increased focus on positive cash flow.
  • For a full, detailed list, view our report
Market challenge
  • High system engineering and installation costs.
  • For a full, detailed list, view our report
Market trend
  • Longer service life, reduction in power requirement, and miniaturization.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Inspection Robot Market 2017-2021

Technavio recognizes the following companies as the key players in the global inspection robot market: AETOS, GE Inspection Robotics, Honeybee Robotics, Inuktun Services, and Universal Robots.

Other Prominent Vendors in the market are: AZoRobotics, Calmation, Cognex, Cross Robotics, ECA Group, Faro, FMC Technologies, Genesis Systems Group, Hydrovision, Inspectorbots, JH Robotics, Lakeview Vision and Robotics, Leo Robotics, NuTec, RNA Automation, SuperDroid Robots, Robotic Automation Systems, Warren Industrial Solutions, and Wauseon Machine and Manufacturing.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is advances in robotic vision. Visual capability in modern robots has evolved from the earlier version of generic robots. The earlier robotic systems demanded customization as each part was expected to operate in an exact area at a particular time due to lack of robotic vision. However, with advances in technology cameras, sensors and software have enabled the robots to detect movement with precision.”

According to the report, one driver in the market is focusing on positive cashflow with time. Though robotic implementation entails a significantly high one-time investment, in the long run, businesses can generate positive cash flow and achieve a better return on investment (ROI) through this. With advanced capabilities, robots can help industries to minimize their labor cost and focus on achieving higher operational excellence. The semi-skilled labor shortage is becoming imminent with time, resulting in an increased cost of hiring, training and retaining such employees within the industry. Robots also help businesses to overcome this issue and achieve a higher profit margin during the lifecycle of a project.

Further, the report states that one challenges in market is high system engineering and installation costs. Autonomous software vendors that sell generic software packages or customize specifically for robots and other OEMs providing product and software solutions are an essential part of the industrial robotics supply chain. System engineering, services, and installation are expensive and account for three-fourth of the overall costs. System engineering and related services provide simulation packages that create virtual factories to help manufacturers select a feasible production mode using robots. Simulation enables interfacing of every part and each movement of humans and robots in the manufacturing process.

Companies Mentioned

AETOS, GE Inspection Robotics, Honeybee Robotics, Inuktun Services, Universal Robots, AZoRobotics, Calmation, Cognex, Cross Robotics, ECA Group, Faro, FMC Technologies, Genesis Systems Group, Hydrovision, Inspectorbots, JH Robotics, Lakeview Vision and Robotics, Leo Robotics, NuTec, RNA Automation, SuperDroid Robots, Robotic Automation Systems, Warren Industrial Solutions, and Wauseon Machine and Manufacturing.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key Market Highlights
      • Table ROVs vs autonomous robots
      • Table Benefits offered by inspection robots in industries
  • Market landscape
    • Market overview
      • Table Value chain framework
      • Table Key stakeholders in global inspection robots market
    • Market size and forecast
      • Table Global inspection robots market 2016-2021 ($ billions)
      • Table Drivers of inspection robots
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global inspection robots market by type
      • Table Functional differences between ROVs and autonomous robots
      • Table Global inspection robots market by type 2016 and 2021
    • Global inspection robots market by ROV
      • Table Global inspection robots market by ROV 2016-2021 ($ millions)
      • Table Comparison of type of ROVs
      • Table Benefits offered by ROVs in ground inspection
    • Global inspection robots market by autonomous robots
      • Table Global inspection robots market by autonomous robots 2016-2021 ($ millions)
      • Table Enhanced features in autonomous robots
  • Market segmentation by end-user
    • Global inspection robots market by end-user
      • Table Global inspection robots market by end-users 2016 and 2021
    • Global inspection robots market in oil and gas industry
      • Table Global inspection robots market in oil and gas industry 2016-2021 ($ millions)
      • Table Advantages and disadvantages of ROVs in oil and gas industry
      • Table Applications of inspection robots in the oil and gas industry
    • Global inspection robots market in petrochemical industry
      • Table Global inspection robots market in petrochemical industry 2016-2021 ($ millions)
      • Table Benefits offered by inspection robots in petrochemical industry
    • Global inspection robots market in food and beverage industry
      • Table Global inspection robots market in food and beverage industry 2016-2021 ($ millions)
      • Table Future investments in food and beverage industry
    • Global inspection robots market in other industries
      • Table Global inspection robots market in other industries 2016-2021 ($ millions)
      • Table Major applications of inspection robots in automotive industry
  • Geographical segmentation
    • Global inspection robots market by geography
      • Table Global inspection robots market by geography 2016 and 2021
    • Inspection robots market in EMEA
      • Table Inspection robots market in EMEA 2016-2021 ($ millions)
    • Inspection robots market in Americas
      • Table Inspection robots market in Americas 2016-2021 ($ millions)
      • Table Key investments in petrochemical industry 2015 and 2016
    • Inspection robots market in APAC
      • Table Inspection robots market in APAC 2016-2021 ($ millions)
      • Table Key investments in oil and gas industry in APAC
      • Table Key projects in petrochemical industry in APAC
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Comparison of operational cost of robots and manual labor
      • Table Robotic system cumulative cash flow
    • Impact of drivers on key customer segments
      • Table Impact of Drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Advances in robotic vision
    • Longer service life, reduction in power requirement and miniaturization
    • Integration of IoT in robotics
  • Vendor landscape
    • Competition review
      • Table Prominent vendors in global inspection robots market
      • Table Other prominent vendors
    • Competition analysis
    • AETOS
      • Table AETOS: Product Segments
      • Table AETOS: Product offerings in global inspection robots market
    • GE Inspection Robotics
      • Table GE Inspection Robotics: Products offerings
      • Table GE Inspection Robotics: Product offerings in global inspection robots market
    • Honeybee Robotics
      • Table Honeybee Robotics: Core industries
    • Inuktun Services
      • Table Noteworthy clients of Inuktun Services
      • Table Inuktun Services: Product offerings in global inspection robots market
    • Universal Robots
      • Table Universal Robots: Product offerings in global inspection robots market
    • Key takeaways
  • Appendix
    • List of abbreviations
  • Explore Technavio

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