Published Date: 23-Sep-2022
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According to a new report, published by KBV research, The Global Inspection Robots Market size is expected to reach $4.2 billion by 2028, rising at a market growth of 29.0% CAGR during the forecast period.
The Stationary Robotic Arm segment is showcasing a CAGR of 31.2% during (2022 - 2028). Robotic arms are devices that may be programmed to carry out a certain activity or job very precisely, swiftly, and efficiently. They are often motor-driven and frequently used for heavy and/or highly repetitive tasks that must be completed quickly and consistently over long periods. They are particularly valued in the industrial production, manufacturing, machining, and assembly industries.
The Non-destructive Inspection segment acquired maximum revenue share in the Global Inspection Robots Market by Testing Type in 2021 thereby, achieving a market value of $2.7 billion by 2028. Non-destructive testing (NDT) is a testing and analytical technique used by industry to assess a material's, component's, structure's, or system's attributes for characteristic differences or welding faults and discontinuities without harming the original part.
The Food & Beverage segment has shown the growth rate of 28.7% during (2022 - 2028). It is because to ensure strict food safety and quality requirements, save labor costs, and satisfy an ever-increasing demand, food firms can streamline and optimize their processes by employing vision-guided robotic arms, delta robots, automated guided vehicles, and advanced inspection systems. They must manufacture high-quality goods in large quantities while keeping costs under control.
The North America market dominated the Global Inspection Robots Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.6 billion by 2028. The Europe market is exhibiting a CAGR of 28.5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 30.1% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).
By Robot Type
By Testing Type
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