Asia Pacific Inspection Robots Market Size, Share & Industry Trends Analysis Report By Robot Type, By Testing Type (Non-destructive Inspection and Automated Metrology), By Application, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Inspection Robots Market would witness market growth of 30.1% CAGR during the forecast period (2022-2028).
To make sure they can get the most out of this cutting-edge technology, manufacturers and other industrial businesses must carefully consider each application of robotic inspection equipment. To implement these devices without interfering with operations, businesses will also need to train employees on how to use them and create a distribution strategy. Most likely, a corporation won't solely use inspection tools when it comes to robotic or automated equipment.
Companies may use all of these gadgets to their best potential by integrating them into business systems along with the data they generate. One of the industries that use automated inspection equipment the most frequently is the oil and gas industry. Everything from extracting crude oil out of the ground to transporting petroleum products to clients can benefit from using robotic inspection instruments. Robotics are used by operators of oil rigs to examine drilling machinery.
Remotely operated devices are frequently utilized to inspect underwater structures involved in offshore oil drilling and exploration. Robotic inspection equipment is also present in oil refineries, which transform crude oil into finished goods. These facilities need their equipment to always be in good working order since they use precise chemical procedures. The machinery used in these industries makes manual inspections potentially harmful as well. Automated inspection instruments may also be used in power generation plants.
As it works to enhance robotics components and increase the usage of smart machines in various industries, China hopes to become a leader in robotics innovation by 2025. According to experts, the action is a component of the nation's bigger initiative to address the issue of an aging population and use cutting-edge technologies to promote industrial modernization.
The China market dominated the Asia Pacific Inspection Robots Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $333.7 Million by 2028. The Japan market is estimated to grow a CAGR of 29.4% during (2022 - 2028). Additionally, The India market would experience a CAGR of 31% during (2022 - 2028).
Based on Robot Type, the market is segmented into Mobile Robots and Stationary Robotic Arm. Based on Testing Type, the market is segmented into Non-destructive Inspection and Automated Metrology. Based on Application, the market is segmented into Oil & Gas, Food & Beverage, Pharmaceutical, Electronics, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Teradyne, Inc. (Universal Robots A/S), ABB Group, Mitsubishi Electric Corporation, Eddyfi Technologies, Gecko Robotics, Inc., Genesis Systems (IPG Photonics Corporation), Honeybee Robotics (Ensign-Bickford Industries, Inc.), Invert Robotics Group Limited, JH Robotics, Inc., and Baker Hughes Company (Waygate Technologies).
Scope of the Study
Market Segments Covered in the Report:
By Robot Type
- Mobile Robots
- Stationary Robotic Arm
By Testing Type
- Non-destructive Inspection
- Automated Metrology
- Oil & Gas
- Food & Beverage
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Teradyne, Inc. (Universal Robots A/S)
- ABB Group
- Mitsubishi Electric Corporation
- Eddyfi Technologies
- Gecko Robotics, Inc.
- Genesis Systems (IPG Photonics Corporation)
- Honeybee Robotics (Ensign-Bickford Industries, Inc.)
- Invert Robotics Group Limited
- JH Robotics, Inc.
- Baker Hughes Company (Waygate Technologies)
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