Inspection and Maintenance Robot Market Will Generate New Growth Opportunities by 2025

Posted February 26, 2021 by bisrsrch

The Inspection and Maintenance Robot Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 12.73% on the basis of value during the forecast period from 2020 to 2025

The global inspection and maintenance robot market can be divided into two major sub-segments based on components, i.e., hardware and software. The components such as camera, sensors, LEDs, and scanners comes under the hardware segment of robots. Camera and sensors are the two vital components of inspection and maintenance robots. Similarly, software such as TubePro, Magnifi, and SurfacePro 3D are used for applications such as compilation of inspection data with associated inspection parameters, images, and defect tables for compelling and fast reporting. Hence the growing demand of inspection robots is expected to create an opportunity for component providers of inspection robots in this ecosystem.

Read Report Overview:

During the forecast period, the safety of laborers in onshore and offshore drilling environments and the growing need for improved data accuracy are major factors for the oil, gas, and petrochemical industry to hold the highest market share. However, by 2025, the utility sector is expected to grow due to the increasing usage of inspection robots in power generation and sewer treatment applications.

The global inspection and maintenance robot market is presently one of the most competitive markets among professional service robots, with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the inspection robots exhibits an inclination toward emerging strategies and developments by market players. The key players that are actively participating in the inspection and maintenance robot market include Cognex Group, FARO Technologies, Inc., Oceaneering, Shell, Aetos Group, Ensign-Bickford Industries Inc., Eddyfi NDT Inc., GE inspection Robotics (joint venture of GE Power services and the Swiss Federal Institute of Technology), Gecko Robotics, Genesis Systems Group, JH Robotics, Inc., LEO, Robotics, Robotnik, Superdroid Robots, Inc., and ULC robotics, among others.

The prominent players in the inspection and maintenance robot market have adopted key strategies of product launches, contracts, mergers, and acquisitions to expand their business. The companies are also involved in some of the other developments that include demonstration, integration, and business expansion. Also, the funding in the inspection robot market is noteworthy. Most of the funding is likely to come from sources such as seed money from the public sectors, investors, and companies with adequate cash reserves that are committed to drive the market and are willing to invest. Numerous investments have taken place in the recent past in the inspection robot developments, which shows a significant degree of interest of industry leaders in this market.

Obtain the Sample Report at:

The prominent players in the inspection and maintenance robot market adopted strategies of product launches, contracts, acquisitions and funding, and collaborations to expand their businesses. Major companies such as General Electric, Eddyfi Technologies, Royal Dutch Shell PLC, and Cognex have launched new products to establish their presence in the market, while some players such as Ensign-Bickford Industries, Faro Technologies and Oceaneering International have focused on acquisitions and funding, partnerships, and joint ventures to increase their geographical presence.

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as, custom studies, and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

BIS Healthcare vertical offers intelligence in the healthcare technology market for Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum. In the past 5 years, BIS Healthcare has published more than 50 reports under the precision medicine banner. Additionally, BIS Research has been nominating Top 25 Voices in Precision Medicine on its Insight Monk platform for the past two years successfully.


Bhavya Banga
Email: [email protected]
BIS Research Inc.
FREMONT CA 94538-1686
Visit our Blog @
Connect with us on LinkedIn @
Connect with us on [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Country United States
Categories News , Research , Technology
Tags Inspection and Maintenance Robot Market , Inspection Robot Market , Maintainance Robot Market , Robots , Robotics
Last Updated February 26, 2021