(EMAILWIRE.COM, July 18, 2023 ) Maximize Market research expects, the Inspection Robots Market to grow from USD 1.7 Bn in 2022 to USD 9.7 Bn in 2029 at a CAGR of 28.3 percent.

Inspection Robots Market Report Scope and Research Methodology

The Inspection Robots Market The report majorly focuses on the key drivers and restraints of the market and discovers new opportunities and challenges in the upcoming forecasted period. It consists of comprehensive data analysis through many mediums such as primary and secondary data.

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Inspection Robots Market Dynamics

The market's growth is fueled by various factors, including the increasing demand for automated solutions in industries such as oil and gas, mining, and manufacturing. These industries require regular inspections to ensure optimal performance, prevent downtime, and enhance safety. Inspection robots improve inspection efficiency by reducing time and resource requirements, resulting in cost savings and reduced risk of human error.

Inspection Robots Market Regional Insights

North America dominated the inspection robots market in 2022, driven by a high concentration of key players and increasing adoption of inspection robots in industries such as oil and gas, manufacturing, aerospace and Defense. Europe is expected to hold the second-largest market share.

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Inspection Robots Market Segmentation

By Product type
Remotely operated vehicles (ROVs)
Autonomous underwater vehicles (AUVs)
Unmanned aerial vehicles (UAVs)

Ground-based robots

By Application
Oil and gas segment
Manufacturing segment
Energy and power
Aerospace and Defence
Automotive
Others

Inspection Robots Key Competitors include:

ABB Ltd.
AeroVironment Inc.
Blue Ocean Robotics
Boston Dynamics, Inc.
Cognex Corporation
Cyberdyne Inc.
Faro Technologies, Inc.
General Electric Company
Gecko Robotics
Honeybee Robotics

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Maximize Market Research is leading Engineering Equipment research firm, has also published the following reports:

Professional Service Robots Market– The market is expected to grow at a CAGR of 26.75% to an estimated revenue of USD 109.11 Bn during the forecast period.

Artificial Intelligence and Robotics in Aerospace and Defense Market - The market size is expected to reach USD 34.60 Bn growing at a CAGR of 7.8 % during the forecast period.

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